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PhazonLink posted:this would be a great honeypot to reveal all the dumb succlibs that fair weather environmentalists that care more about bank account numbers than climate temp numbers. Seriously asking. With Americans dropping their hashrates wouldn't this just encourage all the power usage to go to a less regulated country, probably with less renewable energy opportunities in the immediate future? 
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Apr 23, 2021 16:03
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Matryoshka SexDoll posted:Seriously asking. With Americans dropping their hashrates wouldn't this just encourage all the power usage to go to a less regulated country, probably with less renewable energy opportunities in the immediate future? That pressure already exists, people will always mine where it is cheapest. But higher prices enable additional hashing in places where energy is more expensive (like mining with your gaming PC in the US). It's not like people aren't mining in countries where energy is cheaper already. Less demand for Bitcoin globally means less money flowing in that pays for current hash rates. Personally, I think trading cryptocurrencies should be banned, but really high tax rates are a good step towards eliminating the idle speculation and huge energy waste that is happening.
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Apr 23, 2021 16:10
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Matryoshka SexDoll posted:Seriously asking. With Americans dropping their hashrates wouldn't this just encourage all the power usage to go to a less regulated country, probably with less renewable energy opportunities in the immediate future? The most important contribution from the USA to the bitcoin ecosystem (and to crypto in general) is the USD. Reduce the amount of USD going towards crypto, and the bubble pops. Hashpower is completely irrelevant in comparison.
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Apr 23, 2021 16:13
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LanceHunter posted:Also, it's great to see Dogecoin really just pull back the curtain on how absurd all crypto is, and causing the true believers to freak out. One of them recently shared this tweet... quote:“It should not be compared to Bitcoin, which is a store of value. Dogecoin lacks many fundamental attributes of a serious cryptocurrency,” said Boring. lmao
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Apr 23, 2021 16:36
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hello friends, I love vaginas
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Apr 23, 2021 16:38
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FUNDAMENTAL SERIOUS BITCOIN VALUES: - seriousness - number go up to at least 50 - thousands of lunatics online who claim it is a bit like gold, but on your computer machine - funny nickname that no one has said yet - no dogs allowed signed, BORING
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Apr 23, 2021 16:40
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Hammerite posted:FUNDAMENTAL SERIOUS BITCOIN VALUES: why ae you gay signed - uganda (USER WAS PUT ON PROBATION FOR THIS POST)
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Apr 23, 2021 16:43
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things that make money but don't make sense will have sense provided later
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Apr 23, 2021 16:54
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SunChips posted:why ae you gay why do I need a reason to be gay
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Apr 23, 2021 16:58
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Hammerite posted:FUNDAMENTAL SERIOUS BITCOIN VALUES: Friday is a paycheck day for many, and bitcoin still isn't able to hit $50k despite a lot of suckers "buying the dip". It'll be interesting to see what happens come the first of the month, a much bigger paycheck day. If that doesn't lead to a recovery, we might in for a real ride. SunChips posted:why ae you gay Hacked account posting? Things are getting retro around here.
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Apr 23, 2021 17:01
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SunChips posted:why ae you gay Don't sign your posts.
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Apr 23, 2021 17:06
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I just cash out my bitcoin in drugs like a reasonable person. No capital gains on that
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Apr 23, 2021 17:20
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Fried Watermelon posted:I just cash out my bitcoin in drugs like a reasonable person. No capital gains on that You're supposed to pay capital gains even if you use bitcoin to buy something, you'll probably get a stricter sentence for the tax evasion than the possession
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Apr 23, 2021 17:36
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I don't know enough about capital gains stuff to know if you're taking the piss. Do you really need to pay capital gains tax if you use bitcoin to buy stuff directly?
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Apr 23, 2021 19:18
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MechaCrash posted:I don't know enough about capital gains stuff to know if you're taking the piss. Yes https://www.entrepreneur.com/article/367764 quote:Using crypto for goods or services
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Apr 23, 2021 19:29
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LanceHunter posted:Also, it's great to see Dogecoin really just pull back the curtain on how absurd all crypto is, and causing the true believers to freak out. One of them recently shared this tweet... They almost understand. They just need to take one more step.
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Apr 23, 2021 19:40
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LanceHunter posted:Friday is a paycheck day for many, and bitcoin still isn't able to hit $50k despite a lot of suckers "buying the dip". It'll be interesting to see what happens come the first of the month, a much bigger paycheck day. If that doesn't lead to a recovery, we might in for a real ride. If I am understanding you correctly, Biden needs to send out another stimulus check to fix things?
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Apr 23, 2021 22:45
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Looks like I sold a few coins at the right price. Paying off my mortgage Monday  
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Apr 24, 2021 02:46
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blakangel posted:Looks like I sold a few coins at the right price. Paying off my mortgage Monday Don't forget to keep 80% for your capital gains tax.
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Apr 24, 2021 03:48
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That is really awesome. Also smart move taking a profit and doing something that is life changing.
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Apr 24, 2021 04:20
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I am genuinely happy for you mate, keep a good percentage of that squared away for taxes and you're set to do whatever with the rest. You're smarter than literally all the crypto idiots I sometimes see on the Internet, because you actually got out.
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Apr 24, 2021 04:47
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Stealthgerbil posted:That is really awesome. Also smart move taking a profit and doing something that is life changing. A friend was in a similar position recently, debating selling the last few coins he had CPU-mined a decade ago. I told him: "Look at it this way, there's no way of knowing what the coins will be worth in the future. But if you sell the coins and pay off your house, you'll not only have the house; you'll have the story of having paid off your mortgage with bitcoin."
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Apr 24, 2021 05:02
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Or he could have waited more years and paid off many mortgages
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Apr 24, 2021 05:27
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Or they could crash and he could bitterly regret it into his next six lives. I do not endorse butts, and would not have blamed this CPU-miner friend if he kept one just in case, but paying off your house seems like a pretty good use
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Apr 24, 2021 05:51
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blakangel posted:Looks like I sold a few coins at the right price. Paying off my mortgage Monday be aware that the bank also charges a penalty for an early mortgage payoff. other than that, congratulations, well done!
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Apr 24, 2021 06:40
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tango alpha delta posted:be aware that the bank also charges a penalty for an early mortgage payoff. That depends a whole lot on the terms of your mortgage and your local laws. I know in Texas it is illegal to charge any form of early-payment penalty for a loan or mortgage.
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Apr 24, 2021 06:56
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tango alpha delta posted:be aware that the bank also charges a penalty for an early mortgage payoff. If you’ve gotten a mortgage in the past e: seven or so years, you probably don’t have a prepayment penalty thanks to Dodd-Frank. corgski fucked around with this message at 07:51 on Apr 24, 2021 |
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Apr 24, 2021 07:47
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blakangel posted:Looks like I sold a few coins at the right price. Paying off my mortgage Monday Crypto still dumb, but congrats on being smart enough to take your win.
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Apr 24, 2021 08:00
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blakangel posted:Looks like I sold a few coins at the right price. Paying off my mortgage Monday but it's impossible to cash out! there's no real money in the system!! etc etc Congrats brother 
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Apr 24, 2021 08:55
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tango alpha delta posted:be aware that the bank also charges a penalty for an early mortgage payoff. Pre-payment penalties are illegal federally, with a few small exceptions. Even if he qualifies for one, the penalty is capped at 2% of the loan value, which is still cheaper than a year of interest payments. E: Unless it's a pre Frank-Dodd loan, but even then, a lot of states had them abolished as userous/predatory lending before then. Double edit: Convince me not to touch the poop by setting up a Chia farm using my spare hobo-SAN storage space. Methylethylaldehyde fucked around with this message at 09:42 on Apr 24, 2021 |
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Apr 24, 2021 09:40
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LanceHunter posted:A friend was in a similar position recently, debating selling the last few coins he had CPU-mined a decade ago. I told him: "Look at it this way, there's no way of knowing what the coins will be worth in the future. But if you sell the coins and pay off your house, you'll not only have the house; you'll have the story of having paid off your mortgage with bitcoin." The technical term for this is "paper-handed"
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Apr 24, 2021 09:49
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corgski posted:If you’ve gotten a mortgage in the past e: seven or so years, you probably don’t have a prepayment penalty thanks to Dodd-Frank. Methylethylaldehyde posted:Pre-payment penalties are illegal federally, with a few small exceptions. Even if he qualifies for one, the penalty is capped at 2% of the loan value, which is still cheaper than a year of interest payments. "everyone using the forums lives in the United States of America" - American forums users my mortgage currently does not have an early repayment fee, and I'm taking advantage of that. but for the first 5 years of the mortgage (which ended earlier this year) I was on a fixed-rate deal which allowed overpayments, but specified that the maximum total overpayment in any 1-year period (sliding window) was a certain percentage of the original principal - any overpayments exceeding that limit would have resulted in an early repayment fee being payable.
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Apr 24, 2021 11:56
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Fame Douglas posted:The technical term for this is "paper-handed" Yes, for the stacks of paper he’s got now that he has no more mortgage payment.
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Apr 24, 2021 12:00
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Hammerite posted:“It should not be compared to Bitcoin, which is a store of value. Dogecoin lacks many fundamental attributes of a serious cryptocurrency,” said Boring. One such attribute is that I do not have much of it, therefore it is not useful.
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Apr 24, 2021 12:02
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Hammerite posted:"everyone using the internet lives in the United States of America" - American internet users Fixed. See also "reposting for the night crew", otherwise known as "people that live in other parts of the world for whom it is actually daytime right now".
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Apr 24, 2021 12:04
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salt shakeup posted:but it's impossible to cash out! there's no real money in the system!! etc etc
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Apr 24, 2021 13:43
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salt shakeup posted:but it's impossible to cash out! there's no real money in the system!! etc etc they sold in the middle of a buying frenzy, idiot e: and a second exchange in Turkey has collapsed. The authorities caught them before they fled the country this time Hello Sailor fucked around with this message at 14:17 on Apr 24, 2021 |
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Apr 24, 2021 14:09
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In a parallel world on a parallel forum, the person who bought those coins at 63k is complaining about the subsequent crash and falling behind on their mortgage. Makes you think
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Apr 24, 2021 14:11
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Hello Sailor posted:they sold in the middle of a buying frenzy, idiot LOL - 24hr BTC volume is in the mid $10's of billions, "buying frenzy" or not, get a clue.
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Apr 24, 2021 14:26
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Methylethylaldehyde posted:Double edit: Convince me not to touch the poop by setting up a Chia farm using my spare hobo-SAN storage space. https://chiacalculator.com/ How much space does your hobo-SAN have? 1Tb of storage today is a win every 5 months at the moment and that's getting slower quickly. blunt fucked around with this message at 14:35 on Apr 24, 2021 |
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Apr 24, 2021 14:27
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