If you are not "rich", that is, you work hard for money a manage to save just some, perhaps nothing from month to month, you should be thinking about how to make sure you can live when old without being a burden for you family or having financial difficulties. If you holdled bitcoin since 10 years ago, you do not need to read any further, just enjoy. For the rest, here are some planning tips.

This is particularly important for Millenials (see graph below), as the rates of return for savings and investments are thought to be in decline.

However, you also want to life a good life - there is only one (unless you are Buddhist) - and you probably want to do things that require money. Striking a balance between these two is a little bit of an art.

How much do you need to saver? Too difficult to say in general. Some speakers and authors will tell you that it should be around 10% of your income, but if you earn little you may not be able to or if you want to retire very early you may need to do some extra effort.

 First thing to be clear, you can separate into bags or pots but in reality all your money is the same. Just use this as mind tool.

b) Decide what is the bare minimun you will need each month or year to retire having the basics: a roof over your head, food in the plate and medical care. This is your retirement minimum bag.

- Figure out how much capital (savings) you would need to obtain that monthly income. (e.g. you need 500 USD and you count on having your house paid). That x12 is what you need in a year (e.g. 12000).

- You should count on getting around 4% of your saving as dividend or rental income. To produce 6000 a year that is: 150.000 USD (that's 6000 / .04). That is your bare survival minimum, so you have to save and invest enough to make sure you have it by the time you think you will retire. Savings and investments for that pot have to be super low risk while allowing you to reach that figure. You may think that you will get a pension and that will take care, but I advise you not to count on that. Just make sure you do not depend on someone else for food.

b) Decide what would be a good level of income that would grant you some travelling, leisure or whatever you would like. Let's say that is 1000 a month on top of you bare minimum. That is you wish bag. You can count for this on pension or other income, just halve what you think would be reasonable (e.g. you expect a state or private pension of 1000 per month, count only with 500).

Now you have to figure out how much you would need for that. Again, at 4% would be (12 month x 1000 = 12.000 a year, so capital should be 12.000 / .04 = 300.000 USD. This may seem like quite a bit of money (it is very personal anyway, people have different incomes).

Since you know your goal, you would now setup your saving strategy, but this time you can take part in more risky (yet higher reward) investments. This should help you reach that apparently high figure if you start saving when young.

c) You moon-shot: If you still are able to save more after your two first bags, you can now have your moonshot bag. You can choose any ammount here, and you will invest this in high risk / high paying investments (e.g. crypto). If this goes well, you will retire early and or rich.

All this requires talking about different investment styles and methods. If there is some interest I will later continue the post with ideas on that.

Just as a hint for Millenials:

What to expect from the typical S&P 500 index fund. Current CAPE is high, meaning that standard returns will not be great during the next 10 years (probably)

20 year investments across different decades:

Oh sorry, I did not drop by the  BTC discussion section so thanks for pointing out. Anyway, there is a point on having this on the economy section, since this prank looks more of an statement towards the Wallstreet suits than to bitcoin itself.

When you think of the Hamptons in USA, you are likely to picture a leafy area, close to the beach with nice uber-houses of the well-to-do and wealthy people of NY. However the sacred land of the Shinnecock Nation lays right around the corner, 90 miles from Manhattan and with an extension of 365 hectare (900 acres if you prefer) and they are about to open a casino by the road.

Gaming is a major source of income for Indians living in reservations and has provided an increase in income for them, however this development is - as it could not be otherwise - controversial due to the opposition of the locals.

The American Gaming Association estimates a positive impact of 100 Billion a year as of today with a constant growth in the past decades.



Have you ever been on an Indian casino? Good experience?

Name: Grin
Reference implementation (source code on GitHub): https://github.com/mimblewimble/grin

Is the link above original code (as opposed to copying/forking another project such as bitcoin core with minimal change)? (yes/no): Yes (IMO)
Is it truly decentralized? (yes/no): Yes (GPU mining, ASIC resistant)

Does it have any premine, instamine, shadowmine, ICO fund raising, etc? Nope

Can any individual mine this altcoin? Mention the mining algorithm. Yes, anyone with a GPU with 6GB or more.
Can any individual run the full verification node (or equivalent e.g. witness nodes in DAG based coins) capable of enforcing consensus rules of this altcoin? Mention some of the requirements. Yes see here

A short (max 100 words) summary describing the cryptocurrency: A privacy oriented coin, implementing the "MimbleWimble" protocol by (pseudonim) Tom Elvis Jedusor that allows anonymous exchanges with low fees. Mimblewimble math base is the Pedersen commitment based on using the difficulty of factoring large numbers to hide the details of the transactions.


What makes this altcoin different from bitcoin as a decentralized currency? Privacy oriented and, as of today, cheap. Non ASIC.

What is the innovation in this project? Protocol basically.

How is that new innovation used in real world? What real world problem does it solve? It solves privacy in a quite elegant an cheap manner. No absolutely unique on that, but still good. It obviously solves the need to transfer value without the rest of the world knowing it, which is useful when you do not want to let others know of your wealth, spending habits or earning.

Most important of all
Have you ever used this altcoin?
It is a privacy oriented coin, so I am sure you understand I won't answer that question

What wallet are you using for this coin (full node, web wallet, hardware wallet, custodial such as exchanges)? https://grin.mw/download
Are you running or have you ran this coin's full node? Why not? No, I do not have the hardware to spare for that.

Because his time is actually more valuable. I do not know your circumstances, maybe for you (or me for that matter) that sum means something, not for him.

As published by BBC, Elon Musk know for his mental and twitterial stability (wink wink), has now decided to crown himself under the title of "Technoking of Tesla". His chief financial officer will now be the "Master of the Coin", just like in GoT.

This would be absolutely normal if they were playing a role game, however this is actually a SEC (Securities and Exchange Commision) filling, so him founding a new dynasty is official. If you are wondering WTF is this about, so is a Tesla investor that has sued Elon for "erratic and unlawful tweets". He is just probably investing in the wrong company anyway.

This guy now holds a decent bag of bitcoin so my take is that these news, and what can be inferred insofar his brain functions, means even more volatility. But don't worry, volatility and inflation are both good... or so they say.



Elon, immersed into his new role? Let the memes games begin.

Aunque el OP haga spam, quiza alguien q de verdad este interesado lea esto.



Las alts son todas de riesgo extremo. Te lo dice alguien q ha participado en 10 campanias como traductor y posteador, ha participado en 15 icos y ahora se ha dado cuenta de q no habia q hacer nada de eso. El problema del bitcoin es ese: No tienes que hacer nada de nada y eso es algo q molesta a la naturaleza humana porque por algun extranio motivo nos han metido en la cabeza q tenemos que ganar pero con esfuerzo y haciendo muchas cosas.

Compra bitcoin, espera y si puedes ni lo mires en 4 anios. Todo lo demas es mas probable q te lleve atras en tu camino.

(perdon, no tengo enie)

Esta bien, unas reflexiones interesantes. Creo q el sistema de trust tenia mas sentido antes cuando el comerciar con bitcoin tenia un punto de acto de fe. Ahora esta teniendo un efecto de monopolio hasta cierto punto, porque hay unas decenas de miembros bien reputados y todo lo q sean promociones, fiadores o intermediacion se dirige a traves de ellos.

You are reading your situation in terms of wealth. Why don't you change your paradigm?

Firstly, money multiplies what you are. People say that it may change you, but that is not true, it just reveals what you are. The key to survive is to make money help you become your best you.

Second, money is not the scarce resource, time is the resource you actually own. The most difficult decision in life is what do you do with your time that means something to you, so for that firstly you need to understand what is that matter to you. Your family? Friends? A cause? Wisdom? Your choice.

So sure, you are living frugal, but that could be just fine if what matters to you does not require buying stuff. Close your eyes, think for 5 minutes how the perfect world would look for you. It may be a house in Ibiza full of ladies (or boys) but I would rather think of something that you can do for many years and would give you a sense of fulfilment and that is rarely "living la vida loca".

I guess that you need to figure out what life means to you.

Of course they do! Paying the bills   I can picture a very large stack of t-shirt laying somewhere in a closed shop waiting for a vaccine and win that will never happen. But that's all right because...

Faucets seem to be a risky business. Firstly you have to make sure that people do not abuse the system, which is not that difficult. Then you have to calibrate carefully between keeping the "customer" but not spending too much on doing so. And on top you have to spend to promote. Perhaps not that great from the owner's view.

Esto empieza a ser grave... hay tantisima gente que es "mejor q tu" (e incluso me atreveria a decir q algunos casi mejores q yo). Aqui va una dedicada a los pufos, hacks, robos y demas cosas preciosas:

La estupidez humana, las prisas, la falta de conocimiento... O mejor dicho, tu no te estas perdiendo nada, pero hay otros q si. Durante el hack de etehrdelta tambien se podia ver claramente q la pagina no era segura y aun asi...

You did not crypto to buy Worldcom, Enron, invest with Madoff Wirecard, ..

The fact is that

Bother to read if you want to argue. Hint: I don't.



That could be. As you can see the graphic says "what 100 bitcoin could buy you", so at some point of 2013 that would be enough weed to fill a bath-tube.  Not that I am an expert I rekon.

I have also edited the title as it seems that people skip over the 00s. I would really love to do business with you guys.

Following on my previous post on the auction of a NFT, Dorsey has decided to donate all the money for income support across a number of cities.



While I am not surprised (why would Dorsey try to make money in such a way for himself?), and I am sure it will help many families, I find contradictory that the managers of companies that scrap the las bit of the tax law and setup complex structures in fiscal heavens, then decide to "give back" in such a publicly notorious way. It is just and exercise of PR and it is lame.

That is easy to say and difficult to do:

- Firstly, the law against monopolies is wrongly assumed to be against any monopoly. However, surprise surprise, it is not. At least not in the USA. As long as the public interest is preserved, the monopoly in itself is not a problem.
- Second, in the add business, where the monopoly could lay, there is actually competence and it is one click away. You can use Bing, Duck Duck Go and many others. There are also many opportunities to advertise not using google.
- Lastly, how would you break Google's monopoly? You cannot break it "by region", so at most you would do so by line of products, which would probably create more value for the owners.

It is a difficult case.

Hij@, te puedo asegurar desde mi posicion de privilegio a ese respecto, q esto no tiene nada q ver con la edad. Esto es como cuando los hombres se hacen viejos... nada les impide seguir mirando a las mujeres de 25 y saber que "eso si es lo bueno". Otra ventaja de ser viejo es que puedes hacer algun chiste machista como ese y te importa poco ser politicamente correcto.

La huella energetica de cualquier producto actual es bastante compleja. Bitcoin no es una excepcion, pues hay que considerar todos los procesos productivos de la infrasestructura que utiliza. Entre estos, la fabricacion de ASICS, su distribucion, los costes de implantacion, la parte proporcional de los costes de la infraestructura de Internet, incluso podria incluirse el coste de los exchanges. Quedarse en la electricidad consumida es solo una cuenta parcial.

Dicho lo cual, eso mismo es aplicable a todos los sistemas de pago. El coste energetico de Visa, Mastercar, Paypal, etc... no es unicamente la electricidad de los TPVs, es todas las oficinas, el desplazamiento de los miles de trabajadores, la parte proporcional de la fabricacion de vehciulos y un larguisimo etc.

Sin tener datos realmente profundos, bitcoin es extraordinariamente eficiente frente a casi todo lo demas al menos en una cosa: gastos de personal e indirectos. Los sistemas tradicionales basados en terceros en intermediarios no son intensivos en capital comparados con otras industrias, pero todos esos ejercitos dedicados a conciliar cuentas, preparar informes, auditar, .... todo eso se lo quita bitcoin con su logica programatica.

Looks similar to the infamous etherdelta hack, a similar style of attack that is based on the likely only vulnerability of the chain: the endpoint interface. I wonder how many funds have been stolen. Etherdelta was a very small DEX, but breaking into a BSC established project is a different animal.