Constantly fiddling with retirement accounts structure is not very fair: first they give us the rules, then they change the rules as they see fit. Now, apparently, $10 mil is too big of a number. Now it is kind of big, but it won't be in 5-10 years, but they would never INCREASE the allowance: witness capital loss of $3K that never changed since many decades ago. https://www.cnbc.com/2021/09/17/house-tax-bill-would-likely-force-peter-thiel-to-pull-5-billion-from-his-ira.htmlThiel would be fine by "busting" his 'income' to below $400K. Not sure what would happen if you are generally below, but then take lots of profits (or mine a lot) one year and you are suddenly above $400K. Would your IRA be immediately busted (if it is above $10mil) or not? My read this that it would be. 50% of value above $10mil would become immediately automatically withdrawn, and, of course, taxed at 39.6%. That would be true for IRA, but not for ROTH since Roth distros are not taxable (so far  ) Hah, so when they need some tax money, they can run the printers, give it to their buds to invest in the stock market, inflate everyone's retirement and skim off the top. Diabolical. |
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Rick lost his sense of taste for a few days, however.
So your house is now decorated with Marylin Monroe lithographs? That's going to take some time to clear up.... Dang, too late to offload this NFT, I guess.  |
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(not referring to you specifically Richy.. even though maybe I might want to catch you in such a language ambiguity if you go on one of your prior tangents.. hahahahaha no homo)...
I do try to be quite precise in my language (though I am only human after all) so hopefully you will not. I definitely think that crypto and blockchain are used often when not appropriate and more to "Borrow" legitimacy from Bitcoin. I'm not against using the terms but context should be correct. |
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I don't know if we should say that this is exactly the point... because technically, Lagarde is not incorrect.. cryptos are not currencies..
Perhaps by the dictionary definition. I would suggest that the dictionary definition is outdated and no longer accurate due to being created during a time when assumptions that were correct then no longer are. Further, I'd suggest that it had problems even before then. Not that it really matters. |
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I remember a lot of parties (at least on the books) - notable, $1k, $10k, $100k, and now the $1 million party...
1k never happened. The problem is, we often cross these boundaries during a pump and then the aftermath when the bubble bursts, everyone looks a bit sheepish and is piling their cart full of ramen. It's a shame, really. |
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We are all Satoshi except Craig Steven Wrong.  I'll give him credit, he's managed to dodge being behind bars pretty well. Though it doesn't seem to be from evading the law, more because they just don't seem to want to touch him. Which is a bit suspicious now I put it like that. |
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Suspicious, suspicious:  Nah, mundane and predictable. |
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My father-in-law owned a bar he went home with 3 bank rolls.
He would use 1 for the nervous thief
He would use 2 for the calm thief
and he had the third ready for the really smart thief
He never needed the 2nd or 3rd bank roll.
He should have had a bacon roll for the really hungry thief. Edit: I could swear I wrote "He". |
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Absolutely hideous privacy risk. God willing facebook is about to take a tumble soon anyway. I see more and more people cutting loose. |
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I will say one thing though: we will never achieve mass adoption of Bitcoin until storing and using crypto is as easy as having and using a bank account online. The masses will never jump through all these technological hoops in order to adopt bitcoin. They are too afraid of fucking something up and getting hacked.
The key to that is a change in mentality. Which is going to take a loss of trust in the financial system as handled by the various governments. So probably not long now then. |
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Microsoft Authenticator app, Windows Hello, a security key, or an SMS / email verification code instead of a password Pro tip: Never ever ever ever ever ever use SMS authentication. Why in the world do they offer that as an option??? Microsoft has always been about convenience over security. It's only other OSs offering better and beginning to gain interest that forced them to take things at all seriously. And even then you end up with an abomination like UAC. |
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Well, here we are again.  |
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Superstition ain't the way.
I posted that but you had already beat me to it  |
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If a mirror breaks down, do computer nerds get seven years of bad luck?
Yes. Also if it doesn't. |
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which may be true to a certain extent..
We are only expecting Bitcoin to what? 4X from here this cycle?
High reward but high risk. Bitcoin might not give big multiples any more but it's not likely to disappear in a cloud of smoke either. People doing alts for high gainz might as well go into a casino and pick a number on the roulette wheel. At least you get some free drinks. As typical with gambling, people will boast their wins and keep their losses quiet and the next noob along thinks like it sounds like a perfectly fine place to deposit their rapidly depreciating filthy fiat. |
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I'd think if a mirror breaks down, all you have to do is place a fresh disk where the failing one was? That's the whole point of mirroring, or am I missing something?
I think software mirroring (by RAID or other system) is better, since the details can be reproduced easily on different processing hardware.
Please do correct me if I'm wrong.
Yes. Hardware raid is often an unknown quantity. The hard drives are still hard drives, of course and the companies could provide software that would read the drives but typically you're left looking for a replacement controller, sometimes on ebay. Software raid is much less of a burden on a modern system in any case. The main thing with the software is to make sure you're monitoring your drive integrity. Hardware usually gives you a nice flashing warning light. I had both drives in a software mirror going bad and didn't know it because I hadn't got around to setting that part up. Luckily I managed to get everything off them just fine. You should be running regular smart checks on your drive with Linux anyway (I think Windows has finally caught up with that?). |
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If your raid controller fails, it's hard to get data off a single mirrored drive with most manufacturers, and software raids, too. (Ask Bob*)
Actually, it was quite easy to mount one of my old mirror on a new box to get data off of the drive with Linux using md. The drive wasn't recognized automatically and I had to run some command or other but it was pretty straightforward. Question: If you have an older version of the blockchain, would the blockchain file be synched when the node joins the network, or will it be downloaded again?
Question2: Doesn't a Lighning node need a local copy of the chain, too?
It get synched. It just takes a while to catch-up. Though if you have plenty of internal bandwidth and you're not in a hurry, you can just have your node synch from one of your other ones. LN connects to a bitcoin node, surely? |
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I expected nothing good from the Guardian, which is why I did not respond to her interview request.
Are you making money off this story? If not, you should be. Hire a ghost writer if you're not up for it yourself. It turned out to be partially accurate and surprisingly not an attack piece.
You're not an obvious target so you get a pass. |
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Let's all take a moment to reflect on the current price of bitcoin.
We're currently at ~$46k/btc, which is 4.5X higher than we were pre-pandemic.
That is amazing! Unbelievable! A price level that seemed like a pipe dream when we were in the $7-9k trading range for what felt like forever.
I don't know about you guys, but if the price wants to go sideways for a while, and then do another 3X-5X every time the world's economies takes a crap and the Fed prints trillions more $$$, I think I'm ok with that.
Just me?
I wouldn't mind a little higher but it would be churlish to complain. |
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Elwartowski is our own elwar, right? |
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