What I find most remarkable from this story is the guy that talked to Dripstoil.

He put himself at the right place at the right time, and was convinced he could do even better in the next decade. He learned a lot from Bitcoin from the early days, and went boldly forward, ignoring the typical path of society that most people live. He didn't work for a company, he created and kept creating his own source of money, based on Bitcoin.

That guy also had the ability to go out and present his idea to a complete stranger, and not a random person, but someone that could potentially say yes to what he was asking for. That means he did his research on that as well.

That shows that this is an interesting person, and that you can live your life however you want to.

To get remarkable results, you need to do remarkable things. If you keep doing the same that everyone else is doing, then you're going to get average results.

This site: https://www.fiatmarketcap.com shows the market capitalization of most of the currencies in the world, expressed in terms of Bitcoin.

As of today, Bitcoin is located at number 14, below the Swiss Franc. It will be interesting to see Bitcoin rising in this table in the future because of high inflation of some currencies, and Bitcoin becoming more valuable.



If you look at the top of the list, you'll see that Bitcoin still has a lot of space to grow. Even a 10x in price won't be enough to get to number 1, it would only put it at number 5, below the Japanese Yen.

Under Tokens, what does it mean to have a neutral black face?

Also, what's the criteria for inclusion here?, there are countless of other projects out there that wrap Bitcoin and give you something in return.

You can get the difficulty from the api:

https://mempool.space/docs/api/rest#get-block

Yes.

For example, block 721310 was mined by Solo CK, you can see it here:

https://mempool.space/block/00000000000000000007a79a2e930f8f9ee5b6a970d36300416dff40499e294a

My guess is that the card is not connected to ScotiaBank in any way.

It looks like a prototype that someone made that is just being stored in a ScotiaBank card holder. It's a blank card that has the private key and public address printed both in QR code form and text form. The private parts are simply covered with two stickers, one fancier than the other. The fact that 1 BTC was transferred in and the next day 1 BTC was transferred out reinforces the idea that it's just a prototype/test.

Still a cool find though.

Does it have any kind of NFC inside the card itself? You can use a phone to read that, here's an Android app that does it: https://play.google.com/store/apps/details?id=com.wakdev.wdnfc

To be fair, that was built for a demo at a conference, it was not intended to be a consumer product. Basically they created the chip, and they did a quick enclosure to make it work.

The second gen should include a properly done enclosure. We'll see later on this year how it looks.

You're trying to mine Bitcoin with a GPU, you would need at least one ASIC to play the lottery.

As -ck has said multiple times:

Never send your seed to anyone, so you can't use engraving services.

At a bare minimum just write the seed on a piece of paper, and put it inside a ziploc bag.

Keep a couple of those, with a passphrase that is not written there. That way you can even keep a copy at a friends/family house and they won't be able to access your funds.

If you want to have some kind of metal backup, there are kits you can buy that allow you to DIY, and some come with all the common words pre-engraved, and you just move them around.

They seem to have quoted their large clients $5,625 per miner for the second gen, at large volumes pricing probably. Still no mention of consumer price per miner.

The storage of wealth should have happened long time ago, at least before their currency halved in value.

Today they still have the option to provide goods and services for Bitcoin though.

True, although Intel miner is about half of the price.

When Intel shared their demo for their first gen Bitcoin miner a lot of people were not impressed with their stats as the current miners performed better.

But recently the stats for the second gen miners from Intel have been released and they are much better, making them a great competitor against the current miners.

Intel already has three large customers that will be getting these second gen miners: BLOCK, Argo Blockchain, and GRIID Infrastructure. It's been said that each miner costs $5,625. Probably at volume discount, but still, that price is around half of what you have to pay for a miner with those specs right now from other companies.

Given that Intel already has contracts for at least a couple of years, it's safe to say that we will be seeing more of these miners in the future, making the mining industry a bit more competitive than what it is today.

And attacks are getting harder to notice these days, you need to be extra careful.

For example, this guy used Electrum in an infected computer, and the malware changed the address from the clipboard:


bc1 is always there for newer addresses, but the next three characters were created to match the original address, basically a vanity address.

Always double check the address you're sending money to.

You can just run a cron job that runs every minute or so that fetches the latest stats from ckpool and the current difficulty from an explorer like mempool.space and then compare your best share with the current difficulty.

If your best share is larger than current difficulty, then you probably hit a block, so send an email.

Whenever you lend Bitcoin you're putting those coins at some risk of vanishing.

There's basically no protection for you if the company does something wrong, or someone hacks it.

And also they can always change the percentage they pay, the amount you can withdraw per day/week/month/year/etc, the paperwork they need to KYC you, etc.

Personally I want to store Bitcoin for the long term. A decade for example. Most companies come and go after a couple of years.

The most secure place to store you Bitcoin is with your own cold storage. That will continue to work as long as Bitcoin is working. No 3rd party required.

Income tax applies when you receive money in the form of income, for example, you do some work and get paid in Bitcoin. You mine Bitcoin, what you receive is considered income. Etc. Basically income is roughly when you receive money in exchange of goods or services.

Capital gains tax apply when your capital (Bitcoin) has a higher value when you dispose of it (sell, use, pay with it, etc) than when you acquired it (bought it, received it as income, etc).

Therefore if you're paying something with Bitcoin, in the eyes of the tax man you're basically selling it for USD, and getting the benefits of it's increased value, which is the capital gain.

Note that you don't get taxed twice (income and capital gain). You first pay income tax if applicable, and then capital gains are considered from that amount of $ up. If the price remained the same, then there's no capital gains tax.

It was just not possible, you would have to first sell Bitcoin for USD, and then pay the tax with that USD.

This bill basically streamlines that process, as you just send Bitcoin directly.

Think of this as a place that now accepts credit cards, and before only accepted cash.

This is actually a good point.

It's not legal tender in the US, so the moment you pay your tax with Bitcoin it means you are taxed on that transaction for the capital gains you obtained. Crazy.

Senator Sydney Kamlager from California has recently filed bill 1275, which states:


It seems that there is a momentum building in the US, after Colorado started moving into this path earlier this year.