Private Money!

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Mo
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Re: Private Money!

Post by Mo »

Hey, Dirty! Baby I got your money (on an anonymous distributed ledger).
his voice is so soothing, but why do conspiracy nuts always sound like Batman and Robin solving one of Riddler's puzzles out loud? - fod

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JasonL
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Re: Private Money!

Post by JasonL »

Either here or I don't Wanna See That:

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D.A. Ridgely
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Re: Private Money!

Post by D.A. Ridgely »

I'm going long on tulip bulbs.
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Warren
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Re: Private Money!

Post by Warren »

well would you look at that
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Dangerman
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Re: Private Money!

Post by Dangerman »

Don't be like that.
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Warren
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Re: Private Money!

Post by Warren »

Aw, and here I thought I was being restrained. My bad.
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Dangerman
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Re: Private Money!

Post by Dangerman »

I meant the vagueposting. Nobody has time to decipher your musings.
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Warren
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Re: Private Money!

Post by Warren »

Ah. Yeah that irritates me too. In this case I figured either you already knew BtC was back above $10k or you didn't care. But yes, vagueposting bad. My apologies.
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Aresen
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Re: Private Money!

Post by Aresen »

D.A. Ridgely wrote: 13 Mar 2019, 17:55 I'm going long on tulip bulbs.
+1 Mackay
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Dangerman
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Re: Private Money!

Post by Dangerman »

That's good news. I guess? I still can't use BtC to buy or sell anything in my daily life so I'm glad some other people are enjoying it.
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Warren
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Re: Private Money!

Post by Warren »

Dangerman wrote: 24 Jun 2019, 08:56 That's good news. I guess? I still can't use BtC to buy or sell anything in my daily life so I'm glad some other people are enjoying it.
Well you certainly don't have a compelling reason to use BtC in your daily life, but you could.
Microsoft
Newegg
Dish Network
And others accept BtC
https://www.lifewire.com/big-sites-that ... ts-3485965
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Dangerman
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Re: Private Money!

Post by Dangerman »

But why would you when it's so volatile? Why spend any BTC when someone could buy it from me at +10% next week?
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Warren
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Re: Private Money!

Post by Warren »

Well that's up to you.
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Warren
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Re: Private Money!

Post by Warren »

I haven't watched the BitCoin debate on Reason's YouTube yet.
But I have listened to Nick's interview with Alex Gladstein of the Human Rights Foundation on the Reason Podcast.
If you don't want to listen to that, you should at least read Alex's article The Moral Case for Lightning: A Global Private Payment Network
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Tuco
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Re: Private Money!

Post by Tuco »

Warren wrote: 22 Aug 2019, 20:52 Nick's interview with Alex Gladstein of the Human Rights Foundation on the Reason Podcast.
That was really good.
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Mo
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Re: Private Money!

Post by Mo »

The UN expert on blockchain and cryptocurrency tried to friend me on FB. Should I refer him to you, Warren?
his voice is so soothing, but why do conspiracy nuts always sound like Batman and Robin solving one of Riddler's puzzles out loud? - fod

no one ever yells worldstar when a pet gets fucked up - dhex
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Warren
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Re: Private Money!

Post by Warren »

Mo wrote: 29 Jan 2020, 17:45 The UN expert on blockchain and cryptocurrency tried to friend me on FB. Should I refer him to you, Warren?
I'm sure there's nothing I could tell him that he doesn't already know.
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Re: Private Money!

Post by Warren »

I'm getting 12% fixed on Tether.
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Warren
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Re: Private Money!

Post by Warren »

So about a month ago I started having problems with moving my crypto around. Lots of emails to customer support. Part of it was exchanges demanding Know Your Customer info, which requires sending copies of your bank statement and ID and answering questions like What Is the Source of Your Funding and if it's your job they want Pay Stubs. Part of it was not having latest software installed. But the experience as a whole made me wary. About the time I got everything sorted on all my accounts BtC was hitting it's all time high.

So I began converting everything to BTC and ETH and then selling off almost half my holdings.
Then I put everything I had left on hardware (very secure).

I'm going to get ass raped with a thorny cock and no lube on the Capital Gains. But for now I'm sitting on a small pile of USD and a handful of BtC.
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JD
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Re: Private Money!

Post by JD »

Warren, did any of the difficulties look particularly suspicious? Like, did it feel like things were being made unwarrantedly difficult, or like there was an objective of making things difficult? Or was it just a matter of things coming together with bad timing?
I sort of feel like a sucker about aspiring to be intellectually rigorous when I could just go on twitter and say capitalism causes space herpes and no one will challenge me on it. - Hugh Akston
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Warren
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Re: Private Money!

Post by Warren »

JD wrote: 11 Dec 2020, 17:03 Warren, did any of the difficulties look particularly suspicious? Like, did it feel like things were being made unwarrantedly difficult, or like there was an objective of making things difficult? Or was it just a matter of things coming together with bad timing?
There were things where web sights didn't act the way they were supposed to. Not in any suspicious manner, just like the people building and maintaining the sites weren't doing their jobs. For example: on Blockchain.com (one of the oldest crypto sites) you can have coins in your wallet, coins on the exchange, or coins in an interest account. When you look at the dashboard page you should be able to tell how much you had in each. But totals from two different places would be lumped together and then when you tried to move it, it would say you didn't have any in your wallet (because it was all in your interest account).

And then there was more suspicious stuff, like when you moved it from your interest account to your wallet, it disappeared from your interest account but didn't show up in your wallet and would disappear from your portfolio total.

And other stuff across other exchanges. It all added up and I just decided to move it all off line, and since I was also selling, it all worked out. I'll just sit on what I got left and see what happens. If the price collapses again, I'll buy back in, but I'm not even dipping a toe in until it falls by half.
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Hugh Akston
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Re: Private Money!

Post by Hugh Akston »

Sequoia Holdings says employees can draw part of salary in cryptocurrencies
Software development services provider Sequoia Holdings LLC said on Thursday its employees can now receive a part of their salary in cryptocurrencies, should they choose to.

Under the new program, employees can elect to defer a portion of their salary into bitcoin, bitcoin cash, or the Ethereum platform’s ether, Sequoia Holdings said.
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Kolohe
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Re: Private Money!

Post by Kolohe »

There’s a lot that can go wrong being an employee of a company of fewer than 100 employees, a company whose primary customer the United States Government (& perhaps a good portion of that the secret squirrel world), and a company that’s paying its employees in Bitcoin & equivalents
when you wake up as the queen of the n=1 kingdom and mount your steed non sequiturius, do you look out upon all you survey and think “damn, it feels good to be a green idea sleeping furiously?" - dhex
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JasonL
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Re: Private Money!

Post by JasonL »

Hugh Akston wrote: 21 Jan 2021, 13:02 Sequoia Holdings says employees can draw part of salary in cryptocurrencies
Software development services provider Sequoia Holdings LLC said on Thursday its employees can now receive a part of their salary in cryptocurrencies, should they choose to.

Under the new program, employees can elect to defer a portion of their salary into bitcoin, bitcoin cash, or the Ethereum platform’s ether, Sequoia Holdings said.
I'm professionally curious about the fiduciary standing of an employer who does this if someone's crypto of choice crashes. Rule of thumb - if everyone wants to be able to do it because there's a run up in the asset, it's going to be indefensible as sound fiduciary policy when it goes down and the lawyers show up. Corollary - it is very hard to make "the employee knew the risks" stick in pay and benefits law. Areas where this is permissible have specific sections of ERISA or whatever that say literally if you do this, this and this, the employee can eat investment risk, otherwise you are on the hook as an employer.
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thoreau
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Re: Private Money!

Post by thoreau »

If I had to keep arguing "The employee was an idiot" I might try revising my hiring policies, not just my compensation policies.
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