jcpham2

I have dogecoin wallets worth thousands from 2014 and such when we were joke mining before it had value - it isn’t that hard to fathom if you’ve operated in this space for a decade.

Keep it coming. If the entity is solvent this isn’t a problem.

Nothing like a good ‘ol stress test

I was trying to explain to my son the other day when he was complaining about the Xbox without the drive slot. I asked him how big of a download Fortnite or call of duty were - I think he said 60 gigs and then I told him blu ray tops out at 50gb.

He understands why the Xbox doesn’t have the cd slot anymore.

Bought one for my kid LAST CHRISTMAS only to be delayed until this year but I'm finally giving it to him for Christmas this year. I've ben sitting on it for months and it is killing me.

Really nice unit.

I still haven’t used Twitter, I fear the platform will be gone by the time I’ve decided to give it a go

Haha I love that’s great, I might borrow that explanation

Let’s talk about the control these big tech companies have over our lives, because last week I was locked out of Amazon and closed my account with them.

I understand my issue is entirely different from Op’s from the wealth perspective but the fact remains a third party holds all the keys to the kingdom.

I woke up last week to a flurry of Amazon chargeback alerts. Somehow, Amazon (Chase Bank) issued me a new credit card because my old card was expiring and they continued to allow me to buy my entire family’s Christmas on an expired credit card - or this is what appears to have happened.

Instead of contacting me or charging the new, correct card Amazon decided to lock my account. That makes ever Amazon device stop working. You can’t access AWS, you can’t login to update your credit card.

We have a home full of Amazon bricks suddenly, the kids alarms clocks no longer even function as clocks.

The customer service was so poor I am no longer a customer of Amazon. I held firm and let them know if they didn’t unlock my account they could sort it out themselves with the credit card company.

Make no mistake these companies are holding us hostage the more we depend on them.

What if I can’t decide which is better so I further diversify into both?

I’ve been burned by every free remote access software ever released lol

Free today, pay tomorrow

FTX advertised direct to consumers through Fortune cookies via openfortune.

I know because I saved one on my desk and I'm looking at it.

The crypto fortune cookies were the biggest red flag I've ever seen in my life.

Prior to that I rolled my own unlimited data AT&T 4G LTE router while I tried to keep getting my local cable ISP to come to my house or simply acknowledge that they provided service to my address, according to the FCC.

I did the pre-paid centurylink deal for one month, paid all fees up front, and returned everything to them on day 29. Centurylink .5 mbit DSL is absolutely useless.

The AT&T 4G LTE I averaged 30mbit symetrical, maybe a 3/4 of one United States imperial mile to my nearest tower.

After filing the complaint, I had them trenching my back yard in two weeks running 360 feet (sorry I can't metric) of coax.

I successfully used this map to report my local ISP informally to the FCC to have them run service to my home - which they said they could not locate on this map.

Let that sink in.

I don’t understand if I should click or press [-] What does it do?

For whatever it's worth I think you've done a great job answering the question in it's entirety. The moment lending/repayment and interest rates enter the equation with crypto currencies (whose value _completely_ floats) and deflates its issuance in a lot of scenarios - all bets are off as far as repayment goes.

Their is no business plan to account for such swings. The thing we've been saying for ten years on IRC is Bitcoin loans are gifts, because that's what they are. I've had enough loans defaulted on to definitely tell you and agree with this premise: once lending enters the picture, your money is just another row in a database.

Thanks for sharing this. I remember back on IRC when folks were buying and selling mtgox debt accounts.

I never even logged in or filed a claim or took a screenshot or anything- just wrote it off

I don’t (consider) Bitcoin as a high risk investment at all at this point because of the 4 year halving super cycle, until 2030 ish

Hash rate is still climbing, the price will follow.

Everything else is noise.

FWIW I have difficulty distinguishing the difference between a Ponzi scheme and "The Time Value of Money" concept itself. Every place I see that offers interest on crypto deposits, I fear they have no business plan to generate the profits to pay the interest on a deflationary fake internet money in the first place.

My fear is they are just Ponzi-ing on Wayne! seeking the next highest interest rate holding the biggest bag, hoping the 'ol Time Value of Money will save their ass.

The whole house of cards has a lot to do with the _velocity_ at which the money moves and whether it's stagnating or generating interest somewhere else.

My rant is over. None of this stuff has affected me.

Kraken I trust but I've never used. For perspective, I've traded roughly a million dollars worth of BTC specifically. Most of that was as the knife was falling after the 2017/2018 ATH.

DCA-ing since then, selloff at the top in 2021, pull my limit sell orders, let it crash.

Doing it again now, kinda hard not to take advantage of deflationary 4-year super cycles

^ This I had sparse information for the first OG BTC lending website and that information would’ve been super useful to all sorts of three letter authorities in retrospect. It was only $7500 at the time but that has slightly ballooned over the years

Unfortunately I can echo the crypto space sentiment for as long as such an expression can exist

I’ve never touched Bitfinex/FTX/Binance or any exchange that allows options or leverage. I am a US citizen. Bitstamp Gemini or Coinbase are the only ones I’ll touch

And I’m pissed off that coinbase removed the BTC/USDC trading pair because it had low volume

Why will I not touch them? That’s a long story but I see history repeating itself - fractional reserve Bitcoin banks paying ponzi interest

Yeah good ‘ol Finex

You are correct, my bad

Pretty sure Binance was the first exchange to socialize the losses of a hack into an aidropped token to all users - which then allowed users of the exchange to gamble on the future on whether or not they’d be made whole.

Feels like the origin story of BNB chain to me

Same here until I realized the tax disadvantages of no mortgage. As soon as rates bottomed woohoo let’s get another mortgage, I’ll keep my cash this time.

Depends on how many GPUs are in the PC. Circa 2011 I had quad-Radeon 6970 machines pulling ~1000w each from 1200 watt power supplies, measured with a kill-a-watt.

Those machines ran 24/7 for at least 36 months before I had to start servicing stuff like GPU fans and heat sinks.

This stuff can be designed NOT to melt the dang 12v rail

Depends on how many GPUs are in the PC. Circa 2011 I had quad-Radeon 6970 machines pulling ~1000w each from 1200 watt power supplies, measured with a kill-a-watt.

Those machines ran 24/7 for at least 36 months before I had to start servicing stuff like GPU fans and heat sinks.

This stuff can be designed NOT to melt the dang 6 pin 12v rail

Now image having these same discussions circa 2000 ish on IRC channels devoted to re encoding pirated VCD/SVCD to Microsoft’s accidentally released DiVX 3.11 alpha codec on multi pass encodings to hit 700mb exact

The strangeness of PAL vs. NTSC lives on

Is this stealing or double spending? The original concept was that double-spends were impossibru because proof of work.

Then someone pointed out hilariously the origins of BNB "token" in the first place - because ETH 2.0 PoW edition (not Ethereum Classic (ETC) that's a whole different boondoggle) recently migrated to PoS...

Nevermind this is dumb

ding ding ding