This looks nice and all, but you ignored inflation, which is a very important factor here. Assuming inflation at 2.5%, your interest effectively goes down from 5% to 2.5%, resulting in this:
With median income for US of ~$45k (quick google search), that gives $10,087 annual interest, so less than half of what you need to maintain the same, frugal (dis)comfort of life, unless you manage to get better yield for your savings.
I purposely ignored inflation because it would add complication. On the other hand, a 5% return is on the low side. If you get 7.5% return with 2.5% inflation, you would be back on track. BTW, you have shown how destructive inflation can be on retirement savings -- even at 2%, which the Fed considers to be "healthy". |
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How many regular people can save up 1.2 million dollars or more in just ten years, most people don't even get that kind of money from work in a whole work life.
Good for him that he had a good job with a nice salary, and he know how to save up, but for most people this is just not possible.
Maybe not, but you don't have to save 1.2 million dollars. If you spend half of your income and save the rest at 5% interest, then the yearly interest on your savings will be enough to pay for your spending after 16 years. So, if you save half of your income and are comfortable with your standard of living, then you can retire in 16 years, no matter how much you make. Of course if you save less, it will take longer. If you save 30%, it will take 26 years. For every $10,000 income ... Yearly Spending: $5000 Yearly Savings: $5000 Interest: 5% | Year | Spending | Interest | Total Savings | | 1 | $5,000.00 | $0.00 | $5,000.00 | | 2 | $5,000.00 | $250.00 | $10,250.00 | | 3 | $5,000.00 | $512.50 | $15,762.50 | | 4 | $5,000.00 | $788.13 | $21,550.63 | | 5 | $5,000.00 | $1,077.53 | $27,628.16 | | 6 | $5,000.00 | $1,381.41 | $34,009.56 | | 7 | $5,000.00 | $1,700.48 | $40,710.04 | | 8 | $5,000.00 | $2,035.50 | $47,745.54 | | 9 | $5,000.00 | $2,387.28 | $55,132.82 | | 10 | $5,000.00 | $2,756.64 | $62,889.46 | | 11 | $5,000.00 | $3,144.47 | $71,033.94 | | 12 | $5,000.00 | $3,551.70 | $79,585.63 | | 13 | $5,000.00 | $3,979.28 | $88,564.91 | | 14 | $5,000.00 | $4,428.25 | $97,993.16 | | 15 | $5,000.00 | $4,899.66 | $107,892.82 | | 16 | $5,000.00 | $5,394.64 | $118,287.46 |
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I have never heard of FIRE before, but I have been an extreme saver for most of my life. I generally saved and invested about 50% of my income (after taxes). It wasn't hard -- lifestyle is a choice.
I never earned a lot from working, but investing 50% of my income every year eventually built a portfolio with a return that exceeded my income. As a matter of fact, 100% of my income last year went to paying taxes on the gains from my investments. Obviously, I now have enough money to stop working.
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The pump doesn't have to involve shilling if you got billions to cause bullish action by purchasing an asset, artificially decreasing supply and increasing demand.
In other words: semantics.
That's not pump and dump. That's something else. Also, keep in mind that trying to manipulate a market by buying large amounts is very risky. If you buy a huge amount, you pay the higher price, and you only make money if the price continues to rise. If the price doesn't continue rising, you will lose money when you sell your huge position. |
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It looks like you don't know what "pump and dump" means. Read this: What is 'Pump And Dump'
Pump and dump is a scheme that attempts to boost the price of a stock through recommendations based on false, misleading or greatly exaggerated statements. The perpetrators of this scheme, who already have an established position in the company's stock, sell their positions after the hype has led to a higher share price.
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ok, so... all cloud mining are considered security, why they are not restricted in US???
https://www.coindesk.com/crypto-miner-genesis-hit-cease-desist-order/I don't know why the U.S. SEC hasn't gone after them. It guess its hands are full dealing with ICOs. How come cloud mining is a security?
Cloud mining is a security because it checks every box in the Howey Test. It is also a scam (or at best, a money loser). |
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If we have a token that have features of security token but.. Does be considered security token if a token is not tradable? or can be considered only if you can buy and sell in an exchange.
In the U.S., the Howey Test is used to determine if something is a security. Under the Howey Test, it is a security if: - It is an investment of money or monetary value
- There is an expectation of profits from the investment
- The investment of money is in a common enterprise
- Any profit comes from the efforts of a promoter or third party
Nothing in there about being tradeable. |
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Hey Guys
I'm so interesting to learning how to fork PIVX or DASH
I have no idea what language are them , I have to learn JS or C+ ?
Must start learning from where and what language (If needed )
I know little programming but in old languages
I recommend looking for information on a DASH forum such as https://www.dash.org/forum/ or a PIVX forum such as https://forum.pivx.org/ |
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I think it is hilarious that they are literally called "pump-and-dump" groups and people still follow them.
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I recommend avoiding stop-loss for several reasons, but primarily because if you are trading you should be paying attention. Using a stop-loss is like driving a Tesla with your eyes closed using Autopilot -- most of the time it is ok, but eventually you will die.
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Take a look at Purse.io. They already do what you are trying to do. They provide escrow and support both BTC and BCH.
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4. The result of step 3 is an array of 8-bit unsigned integers (base 2^8=256) and Bech32 encoding converts this to an array of 5-bit unsigned integers (base 2^5=32) so we "squash" the bytes to get:
I feel that your description is confusing. You write "array of 5-bit integers", but displaying the results as a hex string implies that it is a string of 8-bit values. I recommend inserting spaces between each value to emphasize that each element is distinct, and perhaps using decimal values to avoid implying that the values could lie outside of the range 0 - 31. For example: 4. The result of step 3 is an array of 8-bit unsigned integers (base 2^8=256) and Bech32 encoding converts this to an array of 5-bit unsigned integers (base 2^5=32) so we "squash" the bytes to get: 0e 14 0f 07 0d 1a 00 19 12 06 0b 0d 08 15 04 14 03 11 02 1d 03 0c 1d 03 04 0f 18 14 06 0e 1e 16 or even better: 4. The result of step 3 is an array of 8-bit unsigned integers (base 2^8=256) and Bech32 encoding converts this to an array of 5-bit unsigned integers (base 2^5=32) so we "squash" the bytes to get: 14 20 15 7 13 26 0 25 18 6 11 13 8 21 4 20 3 17 2 29 3 12 29 3 4 15 24 20 6 14 30 22 Also, 5. Add the witness version byte in front of the step 4 result (current version is 0): 000e140f070d1a001912060b0d081504140311021d030c1d03040f1814060e1e16 I recommend removing "byte" since the witness version is not a byte. Note that bip-173 also calls it a "byte" when it isn't. 5. Add the witness version in front of the step 4 result (current version is 0): 0 14 20 15 7 13 26 0 25 18 6 11 13 8 21 4 20 3 17 2 29 3 12 29 3 4 15 24 20 6 14 30 22 |
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TLDR: We can now understand why new blockchain startups are creating so many so-called utility tokens. Most of the time, they not necessary to the functioning of online platforms. The reason they exist is to raise funds during an ICO. ... Thus, the purpose of most cryptocurrencies is not meeting technological needs. Instead, they are a like security investment.
Investors should stay away from companies that create unnecessary tokens because it demonstrates poor judgement. |
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.. the amount of coins that come into circulation literally gets halved. That's a huge figure and ...
At the next halving, there will be a little more than 18 million BTC, and the production will drop by 328,000 per year, which is only 1.8% of the total. Not huge. ... and lowers the supply and in theory if the demand is still there and growing the value will keep rising. Classic supply and demand theory. ...
Your claim is not "classic supply and demand" because you are confusing production with supply. It is true that production is halved; however the supply will not be lower as a result of the halving. The money supply rises every ten minutes until it reaches 21 million. It never goes lower. Furthermore, as the money supply increases, so does the market supply. If you do not believe that statement, then I urge you to compare the current exchange volume to exchange volumes before the first halving. If none of that convinces you, then at least consider this: The exchange volume is currently about 600,000 BTC per day. There will be 900 fewer new bitcoins per day after the halving. You cannot seriously argue that a change of 900 BTC out of 600,000 BTC will have any noticeable effect on the market. ... it gets rarer over time (assuming demand is still there and/or growing). ... but the coins being scarcer ...
As I have already pointed out, bitcoins don't get rarer or more scarce. The number of bitcoins continues to increase until it reaches 21 million. I think you mean "more expensive" rather than "rarer" or "scarcer". |
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The only thing different about a "dark" site is that you access it through TOR. I think that you might find that working on a project involving a decentralized market would be more interesting. Check out Open Bazaar. |
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It is actually BIP-39. Generating the SHA-256 checksum can be done by hand but that would be a bad idea. It takes a long time and it is prone to error. Instead, check out this page: https://iancoleman.io/bip39/ Try selecting "Show entropy details". |
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A bitcoin is more like an ounce of gold, and neither are like a share of a company. The major difference is that a company generates value by doing something productive. An asset such as a bitcoin does nothing productive and it cannot generate value. They are very different because the math is different.
BTW, this demonstrates the difference between an investor and a speculator. An investor buys an asset because it will increase in value as a result of doing productive work. A speculator buys an asset because it will increase in value as a result of changes in supply and demand. There are no Bitcoin investors; there are only Bitcoin speculators.
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A swap would require a central authority to manage and enforce it. Does Bitcoin have a central authority? I hope not. Anyway, there are lots of other reasons why your idea will not (and should not) happen.
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That is not a Casascius coin.
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N. N. Taleb has made several important contributions. He is also known for the concept of antifragility, which is an important characteristic of a decentralized system -- such as Bitcoin. I invite everyone to explore some of these ideas, perhaps along the lines of the Martin Armstrong thread.
Another idea is that Black Swan events cannot be predicted by analyzing the past. People have a tough time with that one. |
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