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[jacoavlu]

i thought you were asking about the NY lawsuit

but anyway regarding the report youre talking about there's not a lot of incentive for tether...

[jacoavlu]

why dont u want to use Apple Watch. Like it seems to be exactly what would work for you.

i dont use an Apple Watch. But I also don’t...

[jacoavlu]

sounds like a deal. Breakers came back on its ok I’m still alive...

[jacoavlu]

lol of course your right about the number that’s what I get while trying to do maths while drinking bud light and doing electric work on a Sunday ...

[jacoavlu]

I would happily do this deal. But we should make the deal in btc after all this is the btc thread. So the deal should be 33,300 satoshis.
...

[jacoavlu]

would you like to make a wager on tether unraveling?...

[jacoavlu]

I did. Did you?...

[jacoavlu]

put what exactly to rest?

and why would you say well know in a year or two?...

[jacoavlu]

well you asked the question, and you’re just as good at googling as I am . It’s very easy to find people coming to whatever conclusion that you’re...

[jacoavlu]

I think?

https://tether.to/en/transparency/#reports

I don’t follow it closely. The NY state suit was closed with basically...

[jacoavlu]

Yellen is either stupid or liar when they trot out UST / Luna as an example of stablecoin issues. Like it was known to be basically a ponzi. Not at...

[jacoavlu]

I would contend the cost is shared eventually, at least sometimes. Investors are gonna get there’s. If they have to fund a bailout they’re probably...

[jacoavlu]

there are bailouts that happen in “crypto” - like when some “defi” project is hacked bc of some vulnerability and a bunch of tokens are stolen,...

[jacoavlu]

well for sure no there will be no bailout lol

by systemic issues not sure what you mean. At least for bitcoin, the supply limit will continue...

[jacoavlu]

correct if plan assets less than limit no 5500 is required

a change of custodian is not a termination. You might be amending the plan but...

[jacoavlu]

i bought a single B share years ago to get the hard copy annual report every year and be able to go to the annual meeting if i wanted....

[jacoavlu]

dry content pool I guess

https://web.archive.org/web/20180109...fire.com/brkb/

[jacoavlu]

yeah I don’t know

is the recording stored on a secured device? Is the recording app approved? Is there a BAA in place? Is it a personal...

[jacoavlu]

I sure don’t know the details but I’d say the you go to jail rules are different than the you violated hipaa and pay money rules and are different...

[jacoavlu]

yep. there is more than one set of rules that applies to the situation...

[jacoavlu]

makes me wonder about the other direction. provider recording the encounter. that'd prolly make headlines

[jacoavlu]

cmon Tim, now you're just parroting narratives you don't understand like everyone else.

UST / Luna has been basically known to be a Ponzi...

[jacoavlu]

the dollar is not a Ponzi scheme. we may have opinions about problems with the dollar system, but you can't just use the term Ponzi for everything, that's...

[jacoavlu]

this true within a private business and not a public space?

have a policy. Post it where visible....

[jacoavlu]

100%...

[jacoavlu]

i can mine bitcoin I don’t have to buy it from anyone if I don’t want

and if current holders sell their coins they’re out. Their only...

[jacoavlu]

been saying over and over it’s bitcoin, not crypto. The remainder range from tech securities-as-tokens to straight up ponzis and scams...

[jacoavlu]

the regulations already exist, called securities exchange laws, because basically everything besides btc is just a security in an alternative form namely...

[jacoavlu]

nobody know nothing. people on both sides like to parrot narratives but they’re meaningless. Nothing can escape macro. So unless you gonna predict...

[jacoavlu]

hint, people really into bitcoin don’t talk about the price much. bc nobody knows nothing about the price tomorrow or next month or next year. what...

[jacoavlu]

no gold hypers lol. watch Fox News tomorrow around noon let me know if you don’t see any gold ads. And have you heard of Peter Schiff?...

[jacoavlu]

yeah it’s a little weird to be in here trying to dunk on people when you been bearish since 30x ago...

[jacoavlu]

what about all the people you talked out of investing in bitcoin?

https://www.whitecoatinvestor.com/5-...t-in-bitcoins/...

[jacoavlu]

the "cost to mine" narrative is tricky, the only numbers you'll find are from publicly traded miners and there is not any standard accounting...

[jacoavlu]

again, nobody knows nothing

[jacoavlu]

you're arguing against a take I didn't even make, but ok...

[jacoavlu]

this sounds more like a pro bitcoin argument. select few people control the dollar, so all those other countries are already outsiders in the dollar...

[jacoavlu]

the assumption is someone is changing their plan or didn't have a plan in the first place. if they already had a plan they wouldn't be sitting around...

[jacoavlu]

some, not all.

simplest is basically a two step transaction where you buy the bitcoin and simultaneously send it, there is no taxable gain...

[jacoavlu]

yep. never make short term bets, long term only (those of course can go bad too)...

[jacoavlu]

more inflation numbers out, and of course more changes to the methodology for calculating the number

https://www.bls.gov/cpi/notices/201...

[jacoavlu]

lol nothing illegal. Small and large purchases ranging 2-5 figures

the last one was a $500 canadian freight shipment invoice paid by bitcoin...

[jacoavlu]

money having non monetary utility is a bug not a feature...

[jacoavlu]

I’ve actually used bitcoin to pay for stuff.

Anyone ever used gold?

[jacoavlu]

so what’s your timeframe they all die?...

[jacoavlu]

he/she lol...

[jacoavlu]

it was $8750 two years ago

you’ve got a pretty broad range of outcomes there especially considering timeframe is X years...

[jacoavlu]

this is the way...

[jacoavlu]

still buying bitcoin on robinhood?...

[jacoavlu]

tether! it’s scary! i’ve read bad things about it!

[jacoavlu]

uh lemme see give up liquidity 2 years for like minus 10% real return no thank you

[jacoavlu]

not following this story closely but to be clear the UST ponzi is a different thing than what this thread was started about...

[jacoavlu]

There will be plenty survive. They’re basically securities. So all the VC bros and Goldman Sachs legacy money behind a lot of the stuff will prop...

[jacoavlu]

you still holding a majority cardano position? I can’t recall but weren’t you like 80/20 ada/btc?...

[jacoavlu]

are you buying more cardano?...

[jacoavlu]

selling assets for cash then?...

[jacoavlu]

hoarding cash, do you have a plan?...

[jacoavlu]

always buying. Same as stocks. Boglehead approach. Only buy what you’re willing to hold long long term like decade+...

[jacoavlu]

i don’t think you should need w2 salary of 290k get to max profit sharing ($40,500). Max is 25% of Comp. Talk to your TPA and make sure plan design...

[jacoavlu]

nobody knows nothing. when markets crash correlation of everything goes to 1

long term investors who are accumulating should care little,...

[jacoavlu]

....

[jacoavlu]

to clarify, and I realize my reply could be misinterpreted, the fixed rate of ibonds already issued never changes. but the fixed rate for new issued...

[jacoavlu]

yes short term losses are better than long term losses. and long term gains are better than short term gains

bc first, like offsets like...

[jacoavlu]

bc I think that's a fair number of what inflation really is...

[jacoavlu]

inflation...

[jacoavlu]

Perhaps. Perhaps not. Im not changing the paradigm. Risk is not defined. That’s the point....

[jacoavlu]

It’s not “I suppose”. It’s real. Again that’s the point. 3% nominal is not low risk except in bizarro world where people choose to ignore...

[jacoavlu]

how has the inflation protected investment done in real terms past 1 yr?...

[jacoavlu]

“safest”

that’s kinda the point. Some people think a guarantee getting their dollars back at a future date plus some guaranteed fraction...

[jacoavlu]

it comes down to an understanding of “risk”.

Many only think of one side of the risk coin. As in a loss of account balance dollars...

[jacoavlu]

all lose to high inflation...

[jacoavlu]

20k in stablecoins at blockfi and 80k in cash under your mattress yields more interest than 100k in HYSA...

[jacoavlu]

I have no issue w people tinkering with the cash/fixed side of portfolio like buying treasuries etc bc it is something to pass the time and of little...

[jacoavlu]

David Enna at tipswatch.com is all you need

the fixed rate changes 5/1 and 11/1. Most of us bought our limit last month or earlier in the...

[jacoavlu]

at auction is straight from the tap. Buying from the gov. There are active bidders. You are committing to buy at the high rate

At brokerage...

[jacoavlu]

If you have ibonds you have treasury direct and buying T bills at auction is simple there....

[jacoavlu]

1.25% too good to be true lol that’s what 0.75% after tax?...

[jacoavlu]

gee I have no idea...

[jacoavlu]

there is basically nothing that is low risk when inflation is 15% plus and the nominal “risk free” rate of 10 yr treasuries is 3%...

[jacoavlu]

yesterday

[jacoavlu]

this argument only makes sense if you don't think that gov money printing - bc of course gov spending isn't covered by taxes - doesn't contribute to inflation,...

[jacoavlu]

Employee Fiduciary - TPA

[jacoavlu]

curious what do you mean “it helps” ?

is there particular language in rules and regs that you think such actions would help with the...

[jacoavlu]

my answer isn’t very meaningful bc everyone situation is unique and I value short term liquidity. But to give you an honest answer if there was a one...

[jacoavlu]

i have been on an island telling people here to brainlessly buy their ibonds right along with doing their backdoor Roth every year. But people wanna...

[jacoavlu]

Harry Sit i would be interested in comment around this concept of people buying more than 20k ibonds/yr by using LLCs related to sole prop income. Definitely...

[jacoavlu]

there is of course trade off if considering treasuries vs CDs. CD presumed to have risk of loss essentially zero. Treasuries will fluctuate in value...

[jacoavlu]

no, individual treasuries. You can buy Treasuries directly at all the major brokerages, and also on Treasury Direct. On brokerage you can buy directly...

[jacoavlu]

could put a small portion in stablecoin interest account

[jacoavlu]

"the" hospital

single hospital? small group?...

[jacoavlu]

you could mine altcoins on all the office computers during off hours...

[jacoavlu]

not sure why you're worrying about these other details, when I think its 99.9% likely that you can't do MBDR with this etrade plan after all (which is...

[jacoavlu]

I never said “need”

but as to why, have you been paying attention lately?

my cash works just fine...

[jacoavlu]

the challenge may be getting E*Trade to do their part correct. It sounds like they don’t have this clean yet. If you go forward in trying this, report...

[jacoavlu]

one disadvantage to using any sort of card is the privacy compromise. It’s not practical to use cash for everything. But I certainly try to use cash...

[jacoavlu]

mysolo401k basically sells you a compliant plan document and helps you get setup. And they’ll provide you with forms and do your 1099 but you have...

[jacoavlu]

productive discussion? we’re guessing about student loan forgiveness lol. it’s nothing if not a political topic

[jacoavlu]

as far as trolls go this is only mediocre...

[jacoavlu]

forks (altering the code in way which is incompatible with the existing rules) create something other than bitcoin. bcash, bsv, etc. doesn't change...

[jacoavlu]

both. at this point former fits better than latter. not subject to the problem of printing and dilution which is why fiats all die...