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Posts by FateAmenableToChange

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  • Militant vegan Joey Carbstrong confronts farming couple who received death threats

    02/06/2018 11:57:42 AM PST · 29 of 60
    FateAmenableToChange to simpson96

    This video speaks to me on Joey’s issues:

  • Worries Grow That the Price of Bitcoin Is Being Propped Up

    02/01/2018 10:39:28 AM PST · 68 of 69
    FateAmenableToChange to Vermont Lt
    Don’t think the IRS is stupid.

    Really good point. IRS agents are not stupid, they are intelligent and sophisticated in tax matters. At the federal level, at least.

  • Worries Grow That the Price of Bitcoin Is Being Propped Up

    02/01/2018 9:16:00 AM PST · 62 of 69
    FateAmenableToChange to rarestia

    Many of the blockchain based currencies are actually “tokens” used to raise funds for businesses outside of the normal securities regulation requirements. So they’re pretty specialized and only used by the investors. OTOH, there are a couple dozen actual cryptocurrencies that are actually intended to be used as currencies. Realistically, bitcoin is the only one (along with a related cryptocurrency) is the only one that has enough market share and name recognition to even potentially qualify as a currency.

  • Worries Grow That the Price of Bitcoin Is Being Propped Up

    02/01/2018 7:18:39 AM PST · 39 of 69
    FateAmenableToChange to rarestia

    Unfortunately, I thought it was done a few years ago. I figured the smart money was in Ethereum which was providing an actual useful product rather than computer code.

  • Worries Grow That the Price of Bitcoin Is Being Propped Up

    02/01/2018 6:58:33 AM PST · 32 of 69
    FateAmenableToChange to rarestia
    Now that I’m being taxed on the withdrawals, I’ve just left what I have out there in my wallet. I can use BTC to pay for goods and services in some places locally.

    This isn't tax free. The IRS recognizes in kind transactions as realization events. Are they going to come after you for a newspaper & cup of coffee? probably not. But they probably will be cracking down on in kind exchanges a few years from now and can go back 7 years for unreported income.

  • Worries Grow That the Price of Bitcoin Is Being Propped Up

    02/01/2018 6:56:12 AM PST · 30 of 69
    FateAmenableToChange to Vermont Lt
    Its funny, the IRS does not want to declare that bitcoin is a currency. Yet they want to tax it that way.

    They are criminals.

    Actually, they tax it at preferential rates for capital gains (max 20%). If they treated it as a currency, then arguably gains could be treated like ordinary income (max 39.5% under the old code). And realistically, no matter what fans claim, it is more like a commodity than it is like currency at this point.

  • Worries Grow That the Price of Bitcoin Is Being Propped Up

    02/01/2018 6:51:35 AM PST · 28 of 69
    FateAmenableToChange to bagster
    What the HELL is bitcoin.

    Short answer: bitcoin is theoretically similar to gold. Each bitcoin is a piece of cryptographic code that can be owned and transferred by an individual. It has value because like gold it cannot be counterfeited and because users are willing to accept it both as a store of value and as a medium of exchange. Governments cannot manipulate it directly (e.g. to cause inflation). It is partially anonymous so users can exchange it and create a record of the exchange, but they do not need to have their identities associated with that record.

    Long answer: Bitcoin is supposed to be a kind of currency. Basically, it is a cryptographic code that cannot be counterfeited, can be easily transferred, and theoretically can be a store of value in the same way that fiat currencies are a store of value.

    Think about $100 bills. They have no value in themselves. They are valuable only because the US government declares them to be lawful currency. People accept that because they believe the US economy will continue to treat them as a store of value. They are difficult (but definitely not impossible) to counterfeit, so we can treat each bill as unique and be relatively confident that it is valid money. Others will accept the fiat $100 in exchange for goods, services, and other assets because we've commonly agreed that $100 bills have value. Bitcoin is similar. The technology is really about what's called a "distributed ledger". The distributed ledger is a permanent record of all bitcoins ever created ("mined") as well as all bitcoins ever transferred. When two people exchange a bitcoin, they create an electronic record of that transaction. Every ten minutes, every computer that is involved with bitcoins takes every record of every transaction that occurred in the last ten minutes and votes whether to recognize that transaction. As a result of that vote, a new record (called a "block") is created that records the transfers. This block is then added to the end of a series of all previous blocks (this forms what's called the "blockchain"). The updated blockchain is then sent to all computers within the bitcoin network, and each computer can be certain that it has a true and correct copy of the updated blockchain. It is possible to look at the blockchain and see all transactions of every bitcoin going back to the creation of bitcoins.

    As a result of all this, bitcoin fans say that the bitcoin is superior to fiat currencies. Bitcoins cannot be counterfeited. There is an upper limit of 21 million bitcoins that can ever be mined, making bitcoin similar to gold-based currencies since there is a theoretical upper limit to the amount of gold that will ever exist. We can know at any time how many bitcoins are in existence, and the rate of mining new bitcoins is controlled by an algorithm with known code. All transactions in bitcoins can be viewed by anyone with access to the blockchain. It is impossible for a government to control the trade in bitcoins, to inflate bitcoins, to know who owns any particular bitcoin at a given moment. All of these things, according to fans, make it superior to other fiat currencies because while bitcoin depends on faith in the bitcoin system, it is immune to government control and manipulation.

    The fans are only partly right. Bitcoin itself is likely not susceptible to manipulation. But bitcoin has to interface with the real world, usually through bitcoin exchanges that provide "wallets" for bitcoin users to hold their bitcoins. That's where law enforcement / governments watch for criminal activity now (search for "Silk Road 2.0" to see how easy they can find criminal activity using bitcoin through this method). The exchanges can be hacked (search for "the DAO hack") and they can manipulate transactions in bitcoins (which we're seeing in this article). Additionally, a lot of people are discovering that it's super hard to get large amounts of money out of the bitcoin exchanges.

    The last major issue is scalability. Because of the way that bitcoins are created - through mining - bitcoin miners spend huge amounts of money on computer server farms and electricity to compete over who gets to mine the next batch of bitcoins (because the winning miners get to keep the bitcoins mined). This process requires huge computing power and is also necessary to maintain the bitcoin network -- the ten minute comparison mentioned above happens on the bitcoin miner's computers. The downside is that the electricity involved means that each bitcoin transaction now actually costs almost $1000 per transaction when broken down to the overhead, the electricity, and other costs. These costs will only grow as competition for more bitcoins increases. The system can't work without that competition but it may also be unsustainable.

    Long explanation, but that's the best I can do.

  • Jerusalem: Why Trump Succeeded Where Others Failed

    12/09/2017 5:27:17 AM PST · 17 of 28
    FateAmenableToChange to dr_lew

    Probably from this satirical nature documentary on the honey badger that went viral about 5-6 years ago (language warning):

  • North Korea ready to negotiate on nukes with Russia's help

    12/01/2017 4:12:04 PM PST · 27 of 27
    FateAmenableToChange to outofsalt

    Only after the Carolinas are able to resolve their differences, which in turn can only even begin to be discussed once West Virginia agrees to demilitarize its border with Virginia. Never going to happen.

  • Noveske Ghetto Blaster in 5.56 & .300 Blk

    11/30/2017 7:34:25 AM PST · 13 of 15
    FateAmenableToChange to real saxophonist

    I have two. The quality, as well as the crusader shield and the selector options of “pax pacis, bellum, and deus vult” made it a must purchase.

  • Gun Theatricals that aren't True

    11/22/2017 7:40:41 AM PST · 39 of 68
    FateAmenableToChange to DugwayDuke
    One of my favorite scenes was in one of the Tremor movies. The super survivalist “Burt” announces that he is out of ammunition. Another cast member says: “You’re Burt. Burt is never out of ammunition.”

    "I am...completely...out of ammo. [pause] That has never happened to me before." -- Tremors 2

  • Gun Theatricals that aren't True

    11/22/2017 7:39:08 AM PST · 36 of 68
    FateAmenableToChange to T-Bone Texan
    Beverly Hills Cop taught me that all you gotta do to hide cocaine from drug sniffing dogs is to pack it in coffee beans.

    Wait...what? That doesn't really work? Umm...excuse me for a minute, I gotta make a quick phone call....

  • EVERY SINGLE DETAIL of Gloria Allred's Attack on Roy Moore Has Been Debunked -- ARREST HER NOW!

    11/22/2017 7:33:14 AM PST · 31 of 36
    FateAmenableToChange to PBRCat

    You can represent clients in other jurisdictions by associating yourself with local counsel in that jurisdiction. This practice is almost as common as breathing in the legal profession and there’s nothing unethical about it.

  • Jeff Bezos and Bill Gates both do this mundane chore that may have significant mental benefits

    11/17/2017 8:15:52 AM PST · 42 of 56
    FateAmenableToChange to antidisestablishment

    Bob Evans restaurants during the breakfast shift are the worst. The tubs of baked on sausage gravy would take us 15-20 minutes to clean and would dull out any nylon scraper. Needed to soak them in 140 degree water first, pressure blast them, run them through the washer, scrape, repeat at least 2x, and the customers kept ordering more biscuits & gravy. On top of the rest of the breakfast rush, it was insane.

    OTOH, I like washing dishes at home. It’s relaxing and cool to see the sink grow empty and reach the end of the job.

  • Hatch Blows Up On Dem Sen. Brown: Tired Of "That Crap" That Republicans Only Help The Rich (WOW)

    11/17/2017 8:09:30 AM PST · 18 of 102
    FateAmenableToChange to Spruce

    And elect Jerry Miculek the next senator from Louisiana. Time to bring in a ringer if duels are legalized.

  • Bergoglio Vatican celebrates Protestant Revolt with a stamp

    10/31/2017 10:24:08 AM PDT · 4 of 91
    FateAmenableToChange to Kriggerel

    And it is poisonous screeds like the above elevation of human dogma over divine will that remind me why I can’t belong to the RCC.

  • Hannah Arendt’s Prediction on Violence in Modern Society

    10/03/2017 3:11:12 PM PDT · 24 of 27
    FateAmenableToChange to Aevery_Freeman

    That’s a better analogy than you know - Check out the story of Henrietta Lacks, the unwitting donor of one of the most famous immortalized cell lines used in cancer research. Bureaucracies live forever under the right conditions, continuing to feed off their hosts until the hosts die but still being able to be removed and kept alive in new environments. But unlike the HeLa culture of cancer, you can’t study bureaucracy or bureaucrats to find cures and treatments for illnesses.

  • Utah officer told not to worry about blood sample, chief says

    09/07/2017 10:26:22 AM PDT · 13 of 71
    FateAmenableToChange to NEMDF

    The law is sufficiently clear on the need for a warrant or consent — and was explained to the cop during the encounter at least twice — that he’ll probably lose qualified immunity. At the very least she has a great claim against the department, but with this new statement by the supervisor, the cop is possibly personally liable on this one as well.

  • Glock $5 Plastic Sights

    08/30/2017 2:17:20 PM PDT · 4 of 4
    FateAmenableToChange to w1n1

    The plastic sights are a problem doing one-handed reloads. If you only have one hand to change a mag and need to rack the slide, the only way to do this is run the slide along a holster, belt, boot sole, or similar. The plastic sights will rip off if you use them to cycle the slide.

    It’s entirely possible to rack the slide by catching the breach or getting the front of the slide pressed against whatever object you’re using to cycle it, but this takes time and attention and is slower than using the sights.

    Admittedly, this is a rare situation and there are work arounds, but it is a situation in which I’d prefer steel sights. I can’t really see any other reason to change the sights if they work for the shooter.


    08/29/2017 2:54:01 PM PDT · 35 of 68
    FateAmenableToChange to wildbill
    The weather bureaus are calling this a 500 year rain/flood combination.

    I'm actually betting that it's more on the order of a 1000 or 2500 year flood. The 1900 Galveston hurricane was not as bad, and that is considered a benchmark for flooding in the area.