this

if there is anything I have learned from TV, this is definitely the best use of one's money

I had the same thing happen to me when we jumped up to $1200. Puts a whole new perspective on life. Even now.

You go through your whole life with the idea that you have to work to make money, you need to upgrade your skills so you can get further in your career, you plan on working the rest of your life.

Then this happens and that is all thrown out the window. At the very least you can stop working at a job you don't like and start doing things you do like.

For me I want to work on something else and I keep falling into the old way of thinking of looking at how profitable it will be. Obviously if I'm working I want to get compensated but it is not as important. But if I work at some fun job that only pays me $10-$20 per day there's really no reason to make money, may as well do voluntary work.

I have been considering doing some blockchain work like Satoshi and not going the ICO route to make big bucks...just create something that will help the world and set it out there to grow on its own.

Haven't lost faith in BTC, just wanted to lock in my retirement and not have to worry about money for the rest of my life. I locked in about half of my BTC stash which means I am only half as excited by the price rise as I was before.

Being an expat I do not pay taxes on the first $100k of income. I jumped the gun earlier this year and cashed out more than the $418k 20% capital gains threshold so a CRT might be able to get me back under that to get that down to 15%. Considering I don't have to pay the charity until I'm dead I hope to outlive the US and not worry about it. Either way money saved now vs money years from now that is worth enough to buy a loaf of bread is always better.

I remember back when the price was over $7k.

Under $7k now...

What now? War bonds?

Have any US citizens looked into a Charitable Remainder Trust for their BTC? I'm talking to a lawyer next week about setting one up. Seems like the best way to convert capital gains into income. Which, for me living overseas, I would rather have income which is not taxed than gains that are taxed.

 

1 seastead platform

I was wondering about that. I had a tiny amount shorted and I figured the BTG -.01 BTG thing was an error. I had about 5 BTC on the exchange so I went to move it to the trading wallet to get rid of my BTG but accidentally put it in margin and it subtracted that tiny amount. I immediately moved that to the trading side and turned it into .1 BTC or so.

These fork alts are like DOGE...the best thing to do with them is get rid of them as soon as you get them.

Exchanges are probably given a percentage of the coins to put on their exchange along with the founders adding some coins for liquidity.

This gives it a price as people trade them for bitcoins slowly eating them up.

So...if the price ever starts going down too much I will create a new fork...announce a few months ahead of time while buying...then short right before the fork. Then fork it and let that die.

Perhaps we can get someone to do this once every couple of months if we go through another slow period.

I Agree!

One of those "I'm going to try to spend bitcoins in the real world" videos

http://www.businessinsider.com/trying-to-pay-for-things-with-bitcoin-price-gold-2017-10

but with a twist

I have several people asking me about Bitcoin, especially knowing I am retiring because of it. One guy at work who obviously hates his job sees it as a way for him to retire too so he asks how to get into it, then sighs when he realizes that he would have to wait. Sort of depressing every time I talk to him. They just want to get rich quick, I know he doesn't care about Bitcoin and I would rather not help but I will for the sake of being cordial.

Most people that are overseas I remind them that Bitcoin is a cheaper way of dealing with money than the way they are currently getting their money (going to the ATM to get dollars, taking those dollars to the overpriced exchange to change it to Won). I also ask them if they ever buy anything on Amazon, and tell them that they can save 15% on all of their Amazon purchases with Bitcoin (everyone out here buys a lot on Amazon, one guy had over $60k spending history in the past few years). I try not to encourage the "get rich quick" folks even though that's most people. After the early phase of "we need Bitcoin regulations" (so the price will go up) people seeping into the community I know better than telling just anyone about it.

Though when they ask me when is the right time to buy I say any time is the right time to buy. I tell them about an order I had in when the price was $230...I got greedy and put my buy order in at $225...it never reached that price again and I had to eventually jump in at $600 to get my money off of the exchange.

Yes, because when everything is blockchain based, only the rich benefit.

Better get rid of your bitcoin now because it's just something for rich people to not pay taxes. Only the rich can use a currency that the government doesn't distribute. It already costs over $5k, only a rich person can afford that.


I guess I should tell the many socialists working on this that their expectations of helping the environment and having self sustaining design, closed loop food systems, renewable energy, recycling systems, a solution for refugees, coral development, etc. is just going to benefit the rich.


A seastead will be a tiny speck on an ocean that is twice the size of all the countries in the world combined. Yet people will still be pissed off if there are rich people out in middle of nowhere being free rich.

Roads? Where we're going we don't need roads.

I will defer the conversation back to communism vs fascism vs capitalism (because those are the only systems that can ever exist).

The idea of testing new systems on a micro scale is insane and invites crazy rich people with swords and swashbuckling (because...movies and books).

Best to do that all at the scale of trillion dollar economies with population destroying weaponry.

Yes, the movies for both have shown many battles.

But when the discussion of us going to Mars has come up, I have yet to see someone say  "aren't you worried about space pirates?".

I find it strange that when the mention of a floating structure in the huge ocean comes up, pirates are the immediate thought in everyone's mind yet when someone talks about going into space...no talk of space pirates. I suppose only in space people are civil. Go out on the ocean...we revert to the 1600s.

You are fooling yourself if you don't believe that might makes right in the current system.

The example given when it comes to war for seasteads is that the night a seastead decides to go to war, they would come out in the morning only to find that half of their population is gone.

You have some mystical idea of seasteads as if things like the UN and powerful nations do not exist in this world. Trust me, if a seastead is involved in piracy or child abductions or anything too outside of the tastes of powerful nations, they will cease to exist. Somalia was once without a government and they were immediately attacked and invaded by the UN and the US (might makes right).

Future seasteads (in the open ocean) would likely be small communities. No need to own your own seastead (do you own your own housing association/trailer park/apartment complex/town?). Seasteads will likely be groupings of floating homes or platforms providing housing, each with their own sets of rules and expectations. From the looks of the work we are doing on the first seasteads almost everything will be blockchain based. Pick the seastead that most closely fits your ideals of how a community should be run, and move there. If they stray, move to another seastead. If some new concept pops up that sounds better than what you have, move there. Either by selling your home or floating your new home depending on how things are set up.

From the first peeks at the numbers I can say that the housing costs will not be too different from ocean front property, some less some more. As things scale that price will certainly come down.