doggosphere

15 ms·

91.
by doggosphere 6y ago
Assuming all shares are equal in class, voting power is diluted.
92.
by doggosphere 6y ago
Not sure in the US, but in Canada you don't need to report capital gain on foreign currencies if its under $200.
93.
by doggosphere 6y ago
I own 10% of a company. Several rounds later, I now own 2% of the company. It is possible the company is now valued higher or lower than what I got in at. Did I get diluted?
94.
by doggosphere 6y ago
A system which is 12 years old, of which many people have not heard about, don't understand, or may not even care to understand. In some countries its illegal to use. Most countries have unfriendly tax treatment (capital gains on your
95.
by doggosphere 6y ago
OP was responding about stocks being just as much "multi level marketing" because you still need someone to sell the shares to, someone willing to pay more for it than you did. So it is actually irrelevant to scarcity or "int
96.
by doggosphere 6y ago
Stock represents actual ownership of a scarce resource (a company). Is there a limit to how many shares a company can issue? No, a board can technically issue shares unto infinity. There is no guarantee of scarcity, no guarantee they will
97.
by doggosphere 6y ago
There are many degrees of "crypto-ness". For me the most important aspect of decentralized assets is separation between money and state; challenging government monopoly power over money. That said, there are conveniences and advan
98.
by doggosphere 6y ago
That's what you believe he did. He may have taken a photo of it. Maybe left it out on the table when a friend was over. Maybe wrote a text copy as backup and forgot he ever did that.
99.
by doggosphere 6y ago
Simplest explanation is the most likely. Both wallets were accessed at the same time, indicating seed words for both wallets were exposed. Regardless of what your nephew remembers, or believes about how he handled his seeds, someone got acc
100.
by doggosphere 6y ago
There was a 91-92% top marginal tax rate 70 years ago, and there wasn't a mass exodus or revolt. What percentage of the population was affected?
101.
by doggosphere 6y ago
If democratic western countries increase taxes, then it may be the will of the majority of the people, given that they have the power of governance via elections.
102.
by doggosphere 6y ago
It was a reply to: The state always wins and will always take as much of a cut of the economy as it wants to.
103.
by doggosphere 6y ago
At some point people just leave. Or revolt. There's a reason there isn't a 90% income tax.
104.
by doggosphere 6y ago
- People are not prosecuted for using Bitcoin, they are prosecuted for crimes like drug trafficking or money laundering. Even Ross Ulbricht was not necessarily traced because of his Bitcoins. - Geographic distribution of nodes and mining is
105.
by doggosphere 6y ago
There is a lack of interest and understanding of central banking and history of money. Thus most of the analysis is in the framework of systems efficiency (obviously, we're tech nerds afterall). Crypto is a breakthrough in distributed
106.
by doggosphere 6y ago
Is VISA an asset that protects against hyperinflation, is it permissionless to participate in, is it censorship resistant, is it pseudonymous? You're comparing your bicycle to a cargo ship saying "see how much more energy efficien
107.
by doggosphere 6y ago
Who cares? We put warning labels on cigarettes, we even tax them to offset the social cost of the badness of them. But we still have the freedom to consume them if we so choose. Risky investments are the same. We don't need overbearing
108.
by doggosphere 6y ago
If you happen to know the public address key you can check if the balance is still there
109.
by doggosphere 6y ago
Why would you take any risk by not moving your funds right now?
110.
by doggosphere 6y ago
You can be exposed to a bitcoin etf or closed fund as well, there's a bunch now and probably more coming out. EBIT, BTCC, GBTC, BTCG, QBTC, BITC Watch out for momentary premiums/discounts on share price though. https://
111.
by doggosphere 6y ago
So if you can't get it out, then doesn't that break your conversion model? Why are these entities holding millions of dollars on Coinbase that they can't get out?
112.
by doggosphere 6y ago
Because then you don’t have to worry about pesky USD money trails or bank account seizures. How do you deposit/withdraw into a legit exchange like Coinbase without having proper KYC?
113.
by doggosphere 6y ago
I don't know what percent of Tether's funds are actually backed by USD. And I don't trust them as a company. But lets look at the economic game theory of it: - There is currently no premium on Bitcoin prices on Tether exchang
114.
by doggosphere 6y ago
The same reason they got into it in the first place; you can make money by doing it.
115.
by doggosphere 6y ago
What do you want to see? Here's a list of Ethereum nodes that are staking 32 ETH, attesting blocks, getting rewards and slashes: https://beaconcha.in/validators Roughly $5.6b in value staked, with no particular expecta
116.
by doggosphere 6y ago
Historically energy production has always been near population centers, because transmitting is across large distances in infeasible. Mining and future energy production is not constrained by these needs. Miners can use satellite internet a
117.
by doggosphere 6y ago
That would require transferring the renewable energy to the areas where non-renewable energy is consumed. Energy transmission is expensive, and this would only be economically feasible within certain geographic limits. Otherwise they are bo
118.
by doggosphere 6y ago
73% of mining is renewable energy https://pd.coinshares.com/EN-Mining-Whitepaper-December-2019
119.
by doggosphere 6y ago
73% of mining is renewable energy https://pd.coinshares.com/EN-Mining-Whitepaper-December-2019
120.
by doggosphere 6y ago
I'm giving away $300,000 USD to whoever solves a math puzzle first. The most efficient way to solve it is through random guessing. Oh, and the game resets every 10 minutes, where I'll give away the same prize again. For 4 years to

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