I don't get this. Why wouldn't one just use the house as the collateral and keep their bitcoin safu?
Imagine you have enough Bitcoin to afford a house that your income couldn't support. Now consider capital gains tax... |
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Could you try the black background? As an experiment.
Mebe. |
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So suitcases full of cash as usual then? |
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Pretty sure that you would indeed have to custody your crypto with them.... or at very least sign it off to a contract.
..... and, that leads to the other main thing to be wary of.... and that is the liquidation risk, you would not want super thin LTV with a loan like this... and you would want/need a a lenient window to post collateral.
You would still have the house as some collateral too, of course. Or perhaps not? |
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Did something happen to ChartBuddy? It looks MUCH better to my eyes, or my eyesight got better... Reduced the scaling so the walls are twice as big now (higher price means fewer bitcoins being traded - who knew?). Also made the Y-axis stuff work again (similar issue). Need some auto-scaling in there maybe but I also want continuity between charts. |
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Doesn't surprise me Netflix share price is collapsing. Fucking shite "entertainment" on there for the last few years.  Hey, our carefully selected, lovingly crafted Netflix made shows seem to be well loved. Let's just turn the spigot and let sewage flow. |
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Cool. I've been thinking about this recently and long-term CGT means it's probably not a good idea to cash everything out in one go. |
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I'm still subscribed to a freelancer website (since 2008), didn't cancel my account because of ... why exactly? IDK. In today's mail: Crypto Trading Bot (ID: stripped)
Looking for an experienced coder to build a crypto trading bot that will run on a AWS server. Must have experience in block chain technology
Required Skills: programming, amazon aws, cryptocurrency
Fixed Price Budget: $5k-$10k
 Off for watching Legion Season 1. Thanks, STRF  Haha. Yeah, I joined that site at one time too. Complete joke. |
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Well, record inflation, tax refunds incoming and bitcoin just hanging out in the doldrums. Really, I'm not expecting a big rally until the next halving but this is just kinda silly.
Exactly my thoughts. It's hard to be bullish as of now, world is about to enter recession. That's the part where all the moneys the rich have been pumping the stock market with come home to roost and the rest of us get scalped. |
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$40000!
At last! It's been a long time coming... |
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Charts have a y axis for a reason.
SLUT.
Are you referring to Chartbuddy? If so, you're absolutely right. There technically is a Y axis but the book is so flat it's under the first division. I'll see about tweaking that. |
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Well, record inflation, tax refunds incoming and bitcoin just hanging out in the doldrums. Really, I'm not expecting a big rally until the next halving but this is just kinda silly.
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Why would you even try to do anything like this in New York? Shows zero business acumen. |
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Interestingly enough, I see that Bitfury, have already rolled out a system which is in use today in conjunction with the gubermint of Georgia which does use BTC in a fashion for real estate registry. (It uses a private permissioned blockchain to collect all the data and execute the tx, and then publishes it to the Bitcoin blockchain for public verification)
So far has 300,000 properties supposedly recorded in this fashion.
"NAPR (which is charged with land registry in Georgia) was able to provide Georgian citizens with digital certificates of their assets supported with a cryptographic proof (known as a hash). This hash was published to the Bitcoin Blockchain. This enabled the owner of the document to prove their legitimate ownership of the property by showing their timestamp. No one can alter the timestamp on the Bitcoin Blockchain, including NAPR.
Integrating this layer meant that information about a property title could not be altered, and that any attempted tampering would be equivalent to tampering with the Bitcoin Blockchain (making it publicly visible to everyone on the Bitcoin network)"
Good, practical use. Not an NFT. |
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Sound crazy?
Yes. But it also sounds likely. |
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Is it busy? I have seen more and more of these pop up, and manage to stay open in Spain, they used to open them, and then close them again because they did not get much business. Now in city centres they have managed to keep some open, and they are mainly full of kids or tourists though (why would you go to spain, or Italy as a tourist and eat MacDonalds?)
When I was in Paris a good few years ago, there was a McDs near the arc that seemed to be quite busy. They've been all over the UK for donkey's years, of course. |
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There is no such thing as a “useful NFT”.
Read Torgue’s & Richy’s comments on that, again.
I wouldn't go so far as to say that there couldn't be a 'useful' NFT, just that as when I saw Vitalik talking about smart contracts back in chicago many years ago, I think the potential use cases are a lot narrower than is being hyped. (The whole "buying hashes of pictures you don't own" is obviously complete BS though, of course). |
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OT:
Muting your mic reportedly doesn’t stop big tech from recording your audio https://thenextweb.com/news/muting-your-mic-doesnt-stop-big-tech-recording-your-audioWhy am I not surprised. I long suspected that video conferencing software would have this issue, especially with all the world's WFH employees now on Zoom or similar. It's a feature, not a bug. Big brother is listening, and your company is likely spying on your muted utterances. Wanna mute and call your boss an fkn asshole, or that flake co-worker a bitch, under your breath? Better think again.  Good info. Muting audio is easy enough, muting the mic from the OS more difficult. I wonder if there's an easier way than suggested in the article. |
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Using a blockchain while having a 51% attack advantage on said blockchain, is a contradiction in terms...
Sure thats a fair point... I was just answering the "who pays" aspect, and before that the "why" aspect, and as I think I have shown the who and why and how are actually, upon looking , quite obvious. The "who pays" question raises exactly this point. When those performing the security are monolithic in nature (either explicitly or by implication), you might as well use a private database. |
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So, the idea I believe is that they partner with various established players within the industry , in conveyancing, legal, HMRC, banks etc... and these guys who participate will/can run nodes to support the chain, and so the cost will be shared by them (and they will reduce their margins, and increase their profit by doing so)
The idea, that , it will be cheaper to maintain, than the current system(s) , more easily accessible, much much faster/streamlined, and far less prone to being gamed/defrauded.
So why would the land registry not just run a private secure database and charge fees to cover development costs? All the problems and expenses you decry are issues with the bureaucratic structure, not the underlying tech. A bureaucratic structure that isn't likely to take well to immutable databases, at that. |
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