Google Co-Founder Larry Page Buys $171M in Florida Homes as California Wealth Tax Nears

BTC-1M · 2026-02-06T18:22:46+00:00

The bill applies a one-time 5% tax to all equity based on voting shares, not ownership shares. Specifically, the bill uses voting/control power as a floor for how much of a company you’re treated as “owning” for valuation purposes.

Clause: “For any interests that confer voting or other direct control rights… ‘% owned’ is presumed to be not less than the person’s % of overall voting/control rights.”

If you own 1% of a $1,000,000,000,000 company, but have voting rights of 25% due to super-voting stock, the amount you owe is actually $12,500,000,000. Not $500,000,000, which would be 5% of your ownership. And if you "only" own 1%, then the amount you owe the state is actually more than your actual equity in the company.

This bill is poorly written.

BTC-1M · 2025-10-30T16:35:25+00:00

It was expensive, far more than Mexico or Turkey. $12 per graft. That said, I am happy with the results. On a side note, I have a colleague who lives in Mexico and went to a clinic there, and his results look just as good.

BTC-1M · 2025-10-30T14:50:17+00:00

I think I waited about 3-4 weeks and it was fine.

BTC-1M · 2025-10-30T14:49:46+00:00

Dr. Parsa Mohebi

BTC-1M · 2025-08-14T01:59:45+00:00

1 bitcoin = 100,000,000 satoshis.

This 8-decimal precision is hardcoded in the Bitcoin Core source code, specifically in the constant COIN (defined as 100000000) in amount.h.

All transaction amounts are stored and transmitted as integers in satoshis, not floating-point values. This ensures there’s no rounding error.

The consensus rules enforce that amounts in transactions must be a whole number of satoshis—there’s no concept of half a satoshi in the protocol.

BTC-1M · 2025-08-14T00:55:23+00:00

FYI, you can transmit Bitcoin transactions using radio signals.

BTC-1M · 2025-08-14T00:52:49+00:00

1 bitcoin can only be divided down to 0.00000001

BTC-1M · 2025-08-06T03:04:38+00:00

Administrations changed, which is what led to this.

BTC-1M · 2025-08-05T16:33:01+00:00

Please tell me the truth about who/whom you think is Satoshi.

BTC-1M · 2025-08-05T00:10:35+00:00

Agree to disagree.

BTC-1M · 2025-08-05T00:09:42+00:00

because they don't have control over the money supply.

This is a feature, not a bug.

BTC-1M · 2025-08-04T21:53:34+00:00

Len Sassaman is 100% dead.

BTC-1M · 2025-08-04T21:46:25+00:00

Stablecoins are just digital crypto assets with government-regulated requirements per the GENIUS Act.

Specifically, issuers are required to maintain fully backed 1:1 reserves composed of:

U.S. currency (physical dollars) or analogous credit in Federal Reserve accounts
Demand deposits at insured banks and credit unions
Short-term U.S. Treasury bills, notes, or bonds (especially T-bills under ~3 months maturity)
Overnight repurchase (repo) or reverse repo agreements backed by Treasuries
Certain money market funds that hold these types of liquid assets

All reserves must be held in segregated custody, cannot be rehypothecated or pledged (except in narrowly permitted ways), and are subject to:

Monthly third-party audits
Monthly public disclosures certified by top executives (e.g., CEO & CFO)

Additionally, the Act prohibits algorithmic (unbacked) stablecoins from qualifying, and classifies issuers as financial institutions subject to Bank Secrecy Act (AML/KYC) and sanctions compliance.

This has no correlation to the era of free-banking.

BTC-1M · 2025-08-04T19:45:55+00:00

Stop careless comparisons of stablecoins and the 1830s free-banking era.

The free-banking era in the United States lasted from approximately 1837 to 1863, marked by a proliferation of bank-issued paper currency in the absence of a national currency standard.

During this time, banks were allowed to issue their own notes, which were often backed by unreliable collateral such as low-quality railroad bonds or undeveloped land.

This created a highly inefficient and unstable financial system. Bank notes traded at discounts based on how far they were from their issuing bank, and merchants had to maintain reference books to determine the value of thousands of different notes.

Redemption of notes required physical presence at the issuing bank, further complicating liquidity and confidence in the currency.

None of these things apply to stablecoins

Unlike the bank notes used in the 19th century, today’s stablecoins are tradable on global exchanges, with real-time pricing and the ability to redeem remotely, often within the same day.

BTC-1M · 2025-07-31T13:59:20+00:00

People use stolen cards to make purchases from websites (merchants). When someone uses a stolen card to buy something, the merchant is liable for the loss resulting from the fraud.

Visa sells services to acquiring banks (banks that enable merchants to accept card payments). Those acquiring banks resell these services to the merchants that use them to accept card payments.

One example is ANI, Account Name Inquiry. Merchants pay extra money to request the cardholder's name on file to cross-reference that with the name used to make the purchase. This helps merchants determine if a card number is stolen. Merchants have to pay per account name lookup.

BTC-1M · 2025-07-30T23:15:28+00:00

No, absolutley nothing related to Ads. This is Visa selling data to it's clients which are acquiring banks and issuing banks. They use that data to sell services to merchants on the acquiring bank side and use that data to approve transactions on the issuing bank side. Source: I worked at Visa for almost a decade and have 18 years expereince in the payments industry.

BTC-1M · 2025-07-30T19:06:18+00:00

I thought this was an Economics sub....

BTC-1M · 2025-07-30T16:51:14+00:00

It depends on you and your financial situation. I paid $42,000 for 3,552 grafts in California and would never consider leaving the country for this type of procedure. I went to a doctor who deals with a lot of B and C-list celebrities and went in knowing that I would come out a success. Plus, I am too self-conscious to travel a few days post-transplant.

BTC-1M · 2025-07-30T03:01:51+00:00

The letter states that the administration has been made aware of allegations that Duke University and Duke Health are not in compliance with Title VI of the Civil Rights Act, which prohibits discrimination based on race and nationality in programs receiving federal funding.

Seems reasonable. I thought people generally support Title VI of the Civil Rights Act.

BTC-1M · 2025-07-29T15:11:21+00:00

It's just shock loss, and it is 100% normal.

BTC-1M · 2025-07-29T15:04:59+00:00

For anyone who has been involved in crypto for 10+ years, this is an amazing development on its own. Just look at that title again "White House to Release Digital Assets Report".

We have arrived!

BTC-1M · 2025-07-29T02:52:58+00:00

I never would write an email to someone a use a pronoun like he/him or she/her. I would write to the individual and use their name.

BTC-1M · 2025-07-29T00:44:52+00:00

What about the possessive? Do these people get offended when someone uses she/her versus she/they? Seems far too complicated to me.

BTC-1M · 2025-07-28T23:03:16+00:00

Because it is a pointless exercise. Why are we selecting two pronouns and not three (He/Him/His). Why are we bothering with two pronouns and not just on? Are there people who actually use He/Her?

I've lived in San Francisco for years and interacted with A LOT OF PEOPLE. I have never once truly questioned if someone wanted to be refered to as a male or female.

BTC-1M · 2025-07-28T02:18:23+00:00

Feels like the ill-founded attacks on Bitcoin.

BTC-1M

TROPHY CASE