5 ms·

Listen to your non-technical mom trying to get you to mine bitcoin in 2010. :)

inopinatus 6y ago
My letter reads: * AAPL & AMZN, long hold * Leicester City, 2015-16 English Premier League * It is your L3 nerve root. Get a second MRI * Move to New Zealand in 2019
- summitsummit 6y ago
  did you move? im thinking of moving out of america for a while, not sure where i want to go though.
  - inopinatus 6y ago
    Overshot by about 2k5 km. Travel broadens the mind. There’s a profound truth in this cliché that is better experienced than explained. If you have an opportunity to live in a land not of your birth, take it.
    - summitsummit 6y ago
      ive travelled extensively for fun, but never stayed in one location for a long time other than during my childhood. do you have any recommendations on how to deal with logistical matters such as keeping my us citizenship, dealing with taxes, and dealing with rent back home?
      - inopinatus 6y ago
        Whenever I’ve moved abroad, home becomes by definition the new place. Anything left behind is given to friends, disposed of commercially and responsibly, or boxed into long-term storage. Simply being resident overseas doesn’t terminate US citizenship; you can’t lose it accidentally (although you can lose your passport; pro tip: don’t). Taxation, especially inadvertent liability for double taxation on income, is a can of worms though, and it might limit where you live & work to nations that have an income tax treaty with the US. That is still much of the planet, but there are demons in the details so rather than attempt to interpret the smorgasbord of IRS regulations and treaties for you I’d recommend obtaining advice from an international tax professional, it’ll be worth it. However you’ll find all of these issues pale into comparison with the logistics of finding somewhere to live, opening a bank account, maintaining resident alien status with employment rights, registering (and remaining in regulatory compliance) with local governmental entities, finding work/society and so on in another country and culture and maybe even different language and alphabet. I’ve done this 𝖿̶𝗈̶𝗎̶𝗋̶ five times now. What we leave behind is the least of the problem. Fortunately, I don’t ever see it as a problem. It’s always been an incredible adventure.
- shadowprofile77 6y ago
  Really? No bitcoin? I mean, I know, lots of hate on HN about the whole thing being scammy and rife with criminal activity, but none of that changes that buying it in 2010 would right now give you insane and fairly liquid returns on one of the absolute best performing speculative assets of modern history. And since you're writing a letter to the past before 2010, well......
  - inopinatus 6y ago
    I wouldn’t bother trying to advise past me to invest in tobacco, oil, defence, Facebook, bitcoin, or any other morally questionable investment vehicle. He would reject the authorship and discard it as some kind of peculiarly ham-fisted attempt at fraud by someone with no idea of my (his/our) values.
    - shadowprofile77 6y ago
      Well in 2000 they'd hardly know that some of these were morally questionable no? and by 2010 they'd have 10 years of solid predictions to know your letter is no fraud.
      - inopinatus 6y ago
        That isn’t how values work. Well, not mine at any rate. The outcome wouldn’t change.
        inopinatus 6y ago
        I can’t believe it took me seven hours to realise there was an immutable values jest to be made. Damnit. Leaving this as a memo to my future self.
  - pjc50 6y ago
    I knew someone in the same office as me who bought in at about $400, ran an arbitrage bot between exchanges .. and somehow lost money on it. The flaws were clear. If you bought and held (which requires keeping the keys secret against a lot of attacks and not losing them), and also managed to pick the peak to sell at, and managed to sell without being scammed, exit-scammed by the exchange, or having your account locked, then yes you could have made a lot of money. Because there's a lot of risk along the way.

My letter reads: * AAPL & AMZN, long hold * Leicester City, 2015-16 English Premier League * It is your L3 nerve root. Get a second MRI * Move to New Zealand in 2019

summitsummit 6y ago
did you move? im thinking of moving out of america for a while, not sure where i want to go though.
- inopinatus 6y ago
  Overshot by about 2k5 km. Travel broadens the mind. There’s a profound truth in this cliché that is better experienced than explained. If you have an opportunity to live in a land not of your birth, take it.
  - summitsummit 6y ago
    ive travelled extensively for fun, but never stayed in one location for a long time other than during my childhood. do you have any recommendations on how to deal with logistical matters such as keeping my us citizenship, dealing with taxes, and dealing with rent back home?
    - inopinatus 6y ago
      Whenever I’ve moved abroad, home becomes by definition the new place. Anything left behind is given to friends, disposed of commercially and responsibly, or boxed into long-term storage. Simply being resident overseas doesn’t terminate US citizenship; you can’t lose it accidentally (although you can lose your passport; pro tip: don’t). Taxation, especially inadvertent liability for double taxation on income, is a can of worms though, and it might limit where you live & work to nations that have an income tax treaty with the US. That is still much of the planet, but there are demons in the details so rather than attempt to interpret the smorgasbord of IRS regulations and treaties for you I’d recommend obtaining advice from an international tax professional, it’ll be worth it. However you’ll find all of these issues pale into comparison with the logistics of finding somewhere to live, opening a bank account, maintaining resident alien status with employment rights, registering (and remaining in regulatory compliance) with local governmental entities, finding work/society and so on in another country and culture and maybe even different language and alphabet. I’ve done this 𝖿̶𝗈̶𝗎̶𝗋̶ five times now. What we leave behind is the least of the problem. Fortunately, I don’t ever see it as a problem. It’s always been an incredible adventure.
shadowprofile77 6y ago
Really? No bitcoin? I mean, I know, lots of hate on HN about the whole thing being scammy and rife with criminal activity, but none of that changes that buying it in 2010 would right now give you insane and fairly liquid returns on one of the absolute best performing speculative assets of modern history. And since you're writing a letter to the past before 2010, well......
- inopinatus 6y ago
  I wouldn’t bother trying to advise past me to invest in tobacco, oil, defence, Facebook, bitcoin, or any other morally questionable investment vehicle. He would reject the authorship and discard it as some kind of peculiarly ham-fisted attempt at fraud by someone with no idea of my (his/our) values.
  - shadowprofile77 6y ago
    Well in 2000 they'd hardly know that some of these were morally questionable no? and by 2010 they'd have 10 years of solid predictions to know your letter is no fraud.
    - inopinatus 6y ago
      That isn’t how values work. Well, not mine at any rate. The outcome wouldn’t change.
      - inopinatus 6y ago
        I can’t believe it took me seven hours to realise there was an immutable values jest to be made. Damnit. Leaving this as a memo to my future self.
- pjc50 6y ago
  I knew someone in the same office as me who bought in at about $400, ran an arbitrage bot between exchanges .. and somehow lost money on it. The flaws were clear. If you bought and held (which requires keeping the keys secret against a lot of attacks and not losing them), and also managed to pick the peak to sell at, and managed to sell without being scammed, exit-scammed by the exchange, or having your account locked, then yes you could have made a lot of money. Because there's a lot of risk along the way.