So then, change your life! What good is life changing money if you don't change your life?

If you are afraid to sell any, then here's another way to think about it: If you had only half of what you have, would you still consider that a life-changing amount? If so, then there is no reason not to sell half because even if you lost one half or the other, you would still have a life-changing amount of money.

Finally, just don't be greedy. That generally leads to disappointment.

I hope you don't mind if I also comment in your part 2 that GPU scalpers are direct result of a lack of market inefficiency.

As for a solution, the GPU manufacturers should either increase production or raise their prices so that the scalpers can't make money.

That is a misconception. In general, the cost of mining approaches the value of the block reward and mining efficiency has no effect on the amount of energy used. In theory, if the efficiency of mining is increased by a factor of 10, then the number of miners will increase by a factor of 10, so the amount of electricity used is unchanged.

History shows this to be true. The efficiency of mining has gone from about 1 MH/J in 2009 to about 30000 MH/J today. Despite that 30000x increase in efficiency, the amount of electricity used has still risen (and by a factor of about 40000x)


Cutting down forests is considered carbon neutral if the forests are replanted.

The company is worth only about $12 million. It is insignificant.

That site is a scam. Do not send them any money.

Placing a carbon tax on Bitcoin mining would not affect Bitcoin in the slightest.

It would simply lower the difficulty. However, an unintended consequence might be the migration of mining to countries that use more fossil fuels for energy generation. It would also create a new class of criminals -- those that don't pay the tax and mine Bitcoin at a huge financial advantage.

More broadly, I believe that these attacks are misdirected. The real issue is not Bitcoin's consumption of energy, but instead it is the generation of energy by burning fossil fuels. If fossil fuels were not used to generate energy, then this discussion would be moot.

If we determine that the merit of Bitcoin is not worthy of the energy that it uses, then should we not also evaluate the merit of other energy-consuming activities? What about watching TikTok videos? Should we ban those? They arguably have little merit, yet so much energy is expended on their distribution and viewing. What else can we prohibit based on its merit vs. energy consumption? What about NASCAR?

You keep repeating these over and over again because you can't admit to yourself that they are based on fallacies, and you hope that if you repeat them enough they will magically become true.

Price gouging is another example of the results of a market inefficiency. In this case, it is a lack of liquidity.

Here is an interesting example:

The power went out after a hurricane on the U.S. east coast and food was beginning to spoil. Some enterprising people rented a refrigerated truck, drove a few hundred miles, and bought a load of ice. When they got back, they began selling the ice for a very high price.

People claimed that they were price gouging and called in the government. Price gouging is illegal there, so they had to stop selling the ice. Now, people were unable to buy ice no matter how much they were willing to pay for it. As a result, the ice melted and the food rotted.

In this case, the market inefficiency was caused by government.

Contrary to what you are claiming, Martin Shkreli exposed an inefficiency in the market by being able to sell the drug at 4000x. He did not create the inefficiency. Scalping is a direct result of a market's inefficiency.

Of course, "efficiency" can be a subjective term. You must first define "efficiency" in order to measure it. In this case, I believe that your measure of efficiency is the degree of alignment with your moral, ethical, and political beliefs. That is not something that anyone can measure very effectively. Economists don't even try.

I think economists generally measure the efficiency of a market more by how evenly the benefit to buyers and sellers are split. In the Martin Shkreli case, obviously the buyers were originally getting a huge discount at the expense of sellers.

Note that the 1 sat/vbyte minimum fee is not a validation rule. It is simply a bitcoin core propagation policy. There is no reason why the value can't be lowered.

This is a scam. Don't send them any money.

For much of Bitcoin's history, most of the mining was in the U.S. Did anyone ever claim that the U.S. controls Bitcoin's future?

The rep said that they deducted a $17 fee (which btw is a 74% fee, and not 25%), but she never explained what happened to the other $23.

Also, you must consider that the 1-year term begins when you obtain each lot. For example, if you bought 1 BTC in January, 1 BTC in February, and 1 BTC in March, then you must wait until January to sell the 1st BTC, and February to sell the 2nd BTC, and March to sell the 3rd BTC.

For future reference, here is a guide showing how to dump the 547 satoshis if you use Electrum: https://gist.github.com/ncstdc/90fe6209a0b3ae815a6eaa2aef53524c

Depending on when you lost the coins, they were worth between $500 - $1500. That's hardly a loss that will ruin your life.

It's probably a scam. You have to ask yourself, if he is really so wealthy, then why does he waste his time selling lessons?

Take a look at the btc-rpc-explorer project here: https://github.com/janoside/btc-rpc-explorer

It might be exactly what you are looking for. If you want to create your own service, you could also use it to guide you. Note that it requires a Bitcoin node.

As far as I know, nothing in Bitcoin depends on RSA or is susceptible to integer factoring.

I don't think your post is clear.

Basically, the guidance says that if you bought, sold, traded, or exchanged coins for anything in 2020, you must answer YES. If you did nothing or only moved coins, then you answer NO.

Additionally, if you sold, traded, or exchanged coins for anything in 2020, you must report capital gains on the coins you unloaded. You do not report capital gains if you only obtained coins or moved them.