101–110 of 227 posts
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I think that just shows the age of the person. I learned how to type correctly on a typewriter, and that is the way that we learned. It means, for me, that SN, like me, was educated in the 70's and 80's, and formally learned how to type. Disclosure : Am not satoshi.
I was educated in the 90's and not on a typewriter. I use two spaces. There's likely more at play than just typewriter vs non-typewriter.
It's hard to sell large amounts of bitcoin. Most banks, when they see an incoming wire transfer for $10M marked "bitcoin" will run a mile and close down your account. Hopefully by 'donating' it to these charities, who will probably choose to sell slowly over time or hold it, that alleviates the problem.
Earlier quoted context omitted.
I think that just shows the age of the person. I learned how to type correctly on a typewriter, and that is the way that we learned. It means, for me, that SN, like me, was educated in the 70's and 80's, and formally learned how to type. Disclosure : Am not satoshi.
I was educated in the 90's and not on a typewriter. I use two spaces. There's likely more at play than just typewriter vs non-typewriter.
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I am not curious. One could be buying up through bred horses or $$$ paintings to avoid tax. I much prefer this kind of financial maneuvering to avoid paying tax. Well done.
How would you avoid tax by buying horses or paintings?
Granted, I can't remember if you're supposed to actually be able to turn a profit by doing this trick, or if it just makes it a little cheaper for rich people who want to temporarily own fancy things.
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Why not blame both?
Because one is to blame and the other is not.
Do you also suppose that we should reduce vehicle emissions by increasing the cost of gasoline? Why isn't it fair to blame vehicles that run on gasoline and vehicles which are particularly inefficient at running on gasoline?
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Because one is to blame and the other is not.
That's tautological. Implicit in the question is a request for an explanation of why both are not to blame. If you don't believe Bitcoin has an enabling or encouraging effect on activity that is bad for the environment, why is that? Why is it more appropriate to shift blame entirely on the energy provider instead of the very energy inefficient process? Do you also suppose that we should reduce vehicle emissions by in…
No it's not. I'm saying you can fix the problem by modifying one constraint. Fix the cost of energy, and you fix your problem with energy wastage. It will make absolutely zero difference to bitcoin what the price of energy is. If energy is more expensive, mining will reduce, and bitcoin difficulty resets to the lower mining hashrate.
> Do you also suppose that we should reduce vehicle emissions by increasing the cost of gasoline?
Of course. It's ludicrous to think otherwise.
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This meme needs to die. Keeping the lights on tens of thousands of banks and keeping hundred of thousands of servers running transaction processing cost a lot of electricity too. Efforts are underway to get rid of dirty energy because the costs of renewable and battery storage are so much cheaper that this is a non-issue.
Give me a fucking break. The "traditional financial world" processes tens if not hundreds of thousands of transactions per second worldwide. Bitcoin processes no more than 4 per second. On a per-transaction basis, you could be insane to argue that Bitcoin is anything other than an environmental disaster. Worse, Bitcoin's energy consumption scales based on the price of bitcoin, not on transaction volume. The more USD…
By the way there is no such thing as a waste of energy. This isn’t soviet Russia, neither you nor the government dictate how one is allowed to use energy. As long as you have the funds to pay for it, you are free to use the electricity how you see fit.
If you’re reasonably concerned about the environmental concerns of how energy is produced, take it up with the producers. Stop technology-shaming.
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How would you avoid tax by buying horses or paintings?
I think I remember hearing about a common trick of buying a painting, holding it for a while, getting it appraised by someone who deems that the value has gone up to a bigger amount, donating the painting, and then you get tax breaks based on the appraised value, even if that appraised value is much higher than anyone else is actually interested in paying. Granted, I can't remember if you're supposed to actually be a…
An individual whose BTC holdings (that they are willing to give away) are worth almost 100 million. Mind blown...
Back in early 2011 when I started looking at Bitcoin, they were worth 0.70 each. I talked to people who had 100,000 BTC that they’d mined in the early days on their CPU. For kicks. Some of them are still holding it.