Barms

When you see him you gotta not be tense about it. You gotta be calm mature and resonaible. “Yeah I got a couple of old shoguns my dad gave me. Man we used to have good times hunting back in the day.:.. did you know there’s this rule where if I move I’m supposed to let the town know? I never even knew there was a rule but my new Neigbor mentioned it I saw all his fishing and hunting gear. So anyway, there was this question about seeing a doctor so of course I listed you why wouldn’t I? So just fill that out I guess right?”

If you want to be really hip and cool, don’t attach the deck to the hose with a ledger anymore. Freestanding decks are all the rage if you read most DIY construction chat rooms. Yes you need more footers but the new wisdom is don’t fasten it to the house. You leave a small gap for water/snow etc.

Did you just say that if no more coins are added to the supply that the price goes down? That the “demand” for coins is based on the supply of the coins? If you think the number of coins affects the utility/demand for coins (which drives the price) then we should just stop right there.

raz I’m not really sure what your issue is. Is your point that it’s a “flaw” that as soon as nobody wants to post blocks that the system crashes? It’s clear you know more than most on here. But what’s with the “nobody wants” part? saying the system doesn’t work if nobody wants to maintain it is an exercise in immeasurable hypotheticals. It’s like saying well what happens when a 51% attack does occur? That’s like saying what will happen when aliens come to our planet. Well. We don’t know. But does that stop us from space exploration? I think you are underestimating the impact a global decentralized protocol will have. (Said with all due respect Raz that I know we are talking on a technical basis here).

Link to hash power series. http://investorfieldguide.com/hashpower/ listen to these = get smarter. Here is a pro tip. You can play these 1.5x speed still understandable.

It’s ironic that a board full of people who embrace freedom are against bitcoin. The purpose of bitcoin was to establish a global currency that could not be oppressed or stolen or controlled by a government or dictator or corrupt banking system. It’s the ultimate freedom. The white paper is called “a decentralized peer to peer currency system”. All you guys who want silver and gold because you don’t trust the banks or the government or are fearful of inflation? Satoshi is one of you! He just invented s way for that to happen digital, that’s all. But if you don’t want a “regulator” of your currency you need trust in something else to make it work. That trust is the Bitcoin operating system

Once again nobody. I mean nobody really tries to understand what “the people who maintain the Blockchain” do. They are not MINING for bitcoin there is no “production cost” to get a bitcoin. There are approximately 2000 volunteers to want to add block transactions to the chain. They are called nodes. Anybody can plug in an be a node. There is a competition to add blocks to the chain. It’s designed to be random; but you can get an edge by having more computing power. Human nature people are greedy. They will invest in computing power to get an edge to solve the block and get paid some coins. Now read this part slowly it’s onky the 3rd time I’m posting it here. Whenever it becomes unprofitable to solve the Blockchain people who have $10k rigs will unplug. Does that mean the entire operating system stops!?!? NO IT DOES NOT. It just means someone who only spent $5k on their rig has a chance to solve it now. Then after they evtuuallu unplug the guy with a Mac Laptop can maintain the Blockchain. It’s perfect supply and demand. As long as the price of coin covers the cost of the guy who spent the most on ASICS then he will stay in the game. If “cost” of computing power gets to high then that guy will unplug. THAT HAS ZERO EFFECT ON THE PRICE OF BITCOIN. People are expending large sums to be nodes to win the coin because at this coin price level it’s profitable to be a Blockchain node. High coin price means very few concentrated winner nodes. The LOWER bitcoin gets it would actually entice MORE not less people to be nodes because now you can post blocks without an ASIC machine to be the winner. If the price of bitcoin drops to a hundred bucks then college kids in their dorms will plugging in to be nodes and they are doing the EXACT same process that the guy need to the Hydro plant is doing. It will just be easier for the college kid to get paid because he’s not competing with ASICS. If BTC goes to $100k then the super equipped computers will keep winning. Lastly every 4 years the prize for solving a block is less coins So the mining thing is not perpetual upward reward Right now you win 12 coins every ten minutes. Then it halves to 6 coins then 3 etc (It’s called halving that’s an important term) You guys need to make an effort to find out what Proof Of Work means. Google it. the word “mining” isn’t even the original Satishi white paper. The term mining was used to mean the trial and error search for the mathematical “riddle” that makes you the winning node of the next block, and your reward for that is a coin. theres just so many great YouTube videos explaining how this all works. If you spend a lot of time in your car listen to a podcast series called #HashPower by Patrick Oshaugnesey. You will learn what the bitcoin operating system is, what the SHA256 cryptography system is. What a decentralized ledger means, what ICOs are and what people invision the future will be. (Please note I have not mentioned in the above what the “value” of bitcoin is nor debate if it’s even necessary in the world it’s too polarizing of a topic. But the math/science/trust in the operation system is black and white. It’s just a matter of education on how it works. Even after you know it’s design you are still welcome to say “we don’t need that”. but the idea, the architecture, the decentralization, the trust imbedded in it is breathtaking. It’s not without flaws, scalability right now is an issue. (And that’s why litecoin was invented that’s another topic) It’s fine to think the price should be lower because it will never be widely adopted. But the argument for how big the “network effect” of bitcoin will be is completely independent of the science/math as the foundation for how the system operates.

And now to make us all laugh fellas. (It’s all good by the way). The US government just shut down. Bitcoin never shuts down. Cheers. :-)

And lastly regarding “how’s it doing now it went down 50%” let ye who doesn’t think gold ever went 50% down cast the first stone. ya know the Nasdaq when down 80%. Every asset has risks. Pick your poison

You guys mentioning mining are so clueless words cannot describe. Did you guys get your bitcoin knowledge from yahoo news? Your ignorance wants to make me vomit. Have you even read the Satisho white paper? It’s only 9 pages. Do yourself a favor and read it. I’m okay debating the “value” of it. But please. It’s insulting you have no clue what mining is. There is no fucking floor to the price based on electricity. You make me laugh. Do you know what the miners do? Do you know what solving for the nonce is? Do you know the 600 second rule? If you don’t know then be ashamed trying discuss the operational aspects of it. Again, fine to discuss the global adoption network value in the future of it and bubble nature of any asset but please don’t bring up up bullshit about energy cost and unsustainably until you have smallest iota of knowledge about how the nonces are maintained and what “miners” do. I’ll give you a little hint. The lower the bitcoin price goes it means MORE not less LESS people will want to try to mine it and that means less energy used to solve the block. High priced coins means people can throw more ASIC power at it. (If yiu don’t know what ASIC means then again just STFU about operational side of bitcoin) if the coin goes down in value then the ASIC guys unplug and the GPU or CPU guys can maintain the ledger. I’ll say it again. Lower coin price means more miners not less becaise the Ferrari computers leave and the Toyota computers can mantain the system.). I can keep my mouth shut about valuations (still in the green since my OP across Ether and Litecoin) But i just can’t be silent and let you guys spout nonsense about how the network works. Ya know when gold was first discovered a lot of the environment was torn up looking for it. Why did they do it? Because it was profitable to the first guys to exploit it. The ASIC miners are throwing big bucks at it because it’s early and they will say “because we can, come and stop us”. But at some point they will pack up and the regular “pan handlers” will mine (maintain the ledger) for gold (bitcoin). i just want you guys to know the truth about how things work. If you don’t think $50k because a non fiat currency won’t get popular that I can respect. But at least really learn how the distributed ledger system operationally works before you talk about mining costs as an excuse. the entire point of a decentralized monetary system based on peer to peer census is that freedom means if guys want to have an edge and use ASIC maintain the lesger then good for them. Have at it. It doesn’t mean it lasts that way forever just like the guys who used water cannons to flush out the gold eventually move on. Again I respect if you feel that all currency needs a government backing for “trust” in that currency but i gotta set the record straught about the role of what the miners are doing. They don’t just dig for coins. They are the referees of the ledger. They don’t do it for free. The referees get paid. That payment is the coin. And they race to be the best referee. When the all star team decides they aren’t getting paid enough the JV team can move in. And the JV team can mainitian the ledger from their house, not from a hydro electric plant. Peace Out.

Whatever you do do NOT buy that car. You’re totally not even considering the tax you will pay. Plus you will be paying the cost of car that was based on 36k miles when maybe it has 45 or 50 on it. Shit happens. You’re stuck. 3 months before lease is over they will beg you to turn it in early. If you like the manufacturer and want another one you say “well I was thinking about keeping this one. You want me to come early you take my car back AS IS right now then we will talk.” If you dont want same manufacturer you shop around and then say “I need a new car I need you to take back this one no cost to me”

Just strap a rifle on...

How on earth is commute time from from North Branch to NYC the same as Yardley? Is it because your current train or bus is a local and makes a lot of stops? definitly experiment with that ride at least 30 times before you come to a decision. That NE corridor is awful. Standing room only trains often and many delays. If that variabiity doesn’t bother you then fine. I was a door to door guy 1.3 to 1.5 hours one way daily via bus or train for 20 years. Just in the last year I started driving either all the way into city or to North Bergen park ride. At first I hated it. My thinking was if I was gonna be in traffic why not just nap instead of drive car. But after 6 months I acclimated to driving. I stayed calm shunned road rage and now the times I am on the bus I’m disgusted by the people and port authority lines and being in the car is freedom from schedule. Anyway I’m just saying don’t just pick your new town based on mass transit.

I like it. If he was working as hard for you as he was on himself you’ve saved a lot of dough.

I meant strobes to give anxiety to the thief. Not to get neighbors involved. We all know Neigbor’s ignore.

And the claim from the PD was “we had not gotten forms from the state back”. Or something like that. And I think it’s total BS I recalled at the time whatever he claimed was some of the things that’s supposed to be instant. So he was pushing the blame elsewhere from probably being a typical local PD dragging their feet on the issue.

Strobes is a great idea. I think people are a little desensitized to audible alarms now. Almost to the pint of ignoring them. Flashing lights may up the stress level a bit. Very smart

Just to stay on topic. If the OP was looking for the easiest fastest plug and play system SS is fine. Regarding thief’s being in and out before the call I never had that issue. The call was very very fast. And if anybody thinks the worth of a system is how fast the PD gets called then I guess you should have a system that has no audible alarm so they theif stays in the house long enough for the PD to get there. Me, I care more about thie audible alarm as the deterrent not the phone call.

Used Simolisafe for two years. It’s easiest plug and play system around. Only issue I ever had was the OCCASIONAL “base station out of range” thing. It would fix itself after a little while. I moved. But would buy again if I needed a new system

USD volume transacted on the #bitcoin network: 2016: $58 billion 2017: $357 billion Avg. Fee 0,14% Western Union USD volume: 2016: $80 billion Avg. Fee 4,74% In dec. alone > $97 billion transacted on BTC network ”it’s all drug dealers and guns” hiw has the Western Union bubble lasted so long?

Read my lips. IRS just put out official statement. You can prepay property taxes if they’ve already been assessed. Please people don’t overthink this. “Well what does assessed mean?” “Welll my town is always adjusting theirs”. Dude just take the latest bill you have from them that shows any of 2018 taxes on them and write the check for that amount. Drop it off and you’re done.

I’m too afraid to chime in how much BTC and LTC are up since my last post. I’m afraid it will taint all the good tax advice I give. cheers. Remember. BTC was not made for the people of the USA. It was made for the people who live in places like Turkey and Zimbabwe. It’s global people. Wake up. (oh and drug dealers too. I Guess those are the wallets doing $14b a day in peer to peer transactions. EVERY DAY. That’s a lot of drugs and ammo i guess). 50 million wallets open today. What happens when it goes to 2 billion? Still drugs and guns?

You guys made me smile repeating the asshole line. ;-). I know i come across harsh sometimes. I just get angry trying to do the right thing for every one. So interesting snafu to most people is ESCROWS. Look I have escrows too. I wouldn’t even wait for my mortgage company to respond. Prepay 2 quarters now. Get a receipt. Claim it on 2017. Odds are your mortsge company will NOT reduce your scheduled payment. Fine. Just let them figure it out later. Remember: Only prepay taxes if you know for sure you are NOT amt

Yes and yes to the above. I just wanted to keep it simple so people stayed interested. If people truly understand my part it will really get them aware. I feel it’s important to really know. It all adds up to THIUSANDS of dollars a year. “I give $500 to goodwill and $500 to Red Cross but I get like 30% back in tax deduction”. Oh no you won’t if you standard deduction. “I moved to a new house. My taxes are like $4k higher, but it’s not really $4k more because of the deduction”. Probably not true anymore!

You have “earned income”. Most people get a paycheck. We call those people “W2 earners”. You get a gross wages number at end of the year. That gross wage starts being applied to a thing called marginal tax brackets. You owe zero taxes on the first part of gross wages call it 0 to 19k. Then from like 20k to 40k it’s like 10%. Then from 40 to 60k it’s like 22% and 5 more buckets all the way up to 39%. You add up all those increments and that is how much officially the Fed wants from your gross wages. That all in combo is your effective tax bracket. Just for this primer lets say you have 100k in gross wages and your effective bracket worked out to 29%. You earned 100 but only kept $71. $29 goes to Uncle Sam but wait, there are things you pay for in life that that you can apply to REDUCE your gross wages. Call that “adjusting” your gross wages. Have kids? Reduce a couple of grand, have a mortgage? Reduce your gross wages by the amount of mortgage interest you pay. Pay property taxes? Reduce by that. Pay state INCOME taxes? Get more reduction for that from the Fed the line is called “taxes paid to other jurisdictions”. Give to charity? Reduce by that too. So a lot of money laid out can “adjust” your income. Let’s say the sum of the kids, mortgage; prop taxes, state taxes and charity is. $11k. So your wages are not $100k they are $89k. Let’s assume same brackets as above 29% effective. You owe $11k x 29% LESS in taxes owed becsuse of deductions. $3 grand! next, you look at that $11k adjustment and you say man life is good with these deductions, but actually the Fed gives you an automatic minimum deduction if you choose. It’s currently $12k. So all those items you worked so hard tallying up to get to $11k is still not as beneficial as taking the STANDARD $12k now, if the sum of your kids mortgage property local income and charity is say $25k then you pass on the standard and you submit an ITEMIZED deduction list that brings your $100k down to $75k. Now let’s say that new smaller amount makes your effective bracket be 25%. You earned $100k and keep $75k of it. What if you had 7 kids and your property taxes were $20k and your mortgage interest was $20k and you made $10k in charity payments. Your adjusted wages is now $50k. $50k in wages is only like the 22% effective rate. So your gross wages is $100k your adjusted is 50k you only owe 22% on $50. You earned $100 you keep Ike $88 of it. So massive property taxes and state income taxes and 7 kids is great right? Pay less taxes! Not so fast. The Fed does not let someone have massive deductions relative to their gross wages. They ballpark by putting in a floor effective rate. It’s about 26% effective rate. So you THOUGHT you were gonna ow just 22% on 50k but the floor was 26% on the $100k. They are making you calculate your taxes owed an ALTERNATIVE way. You now owe $26k in taxes on your $100 not $12. anytime that alternative is triggered it doesn’t matter a single solitary cent how many kids you have, what your property taxes are etc. it doesn’t change your 26% floor whatsoever. If you were AMT only two things adjusted your wages your mortgage interest and your charity. Every other thing you listed is wasted ink. I will repeat that: you were not getting credit for your property taxes whether they were $5k or $50k a year. What will change in 2018? The standard deduction will rise to $24k from $12k. If you choose to take standard deduction your credit for kids, mortgage, property and charity go invisible. You don’t deduct anything bexise you are CHOOSING to take the $24k. Let thst sink in. Everything you thought “well at least i get a deduction” you will not. Including charity. THERE ARE NO DEDUCTIONS IF YOU CHOOSE STANDARD DEDUCTION. It is estimated that if the 30% of filers who choose to itemize in 2017; 2/3 of them will now choose the $24k standard. This is ground swelling change in taxes and entirely different outlook on tax deductions. If yiu still want to itemize in 2018 the bad news is they are capping the sum of property taxes and state taxes at $10k. This has high tax states up in arms. But remember if you were AMT you weren’t getting deduction for it anyway. 2018 they are abolishing the AMT (theoretically). So although my propety and income taxes is capped I’m doing better by the removal of that “implied” 26% amt bracket. The new brackets for 2018 are wider and the nominal rates are lower. Most come out ahead