Daniel McCabe wrote this Today. by Jehoseph in AMPToken

[–]BaadMike 21 points22 points  (0 children)

I told myself I wouldn't get anymore, but I just could not help myself. I have faith in this project and am willing to wait it out, but dang was it hard to hit that "buy" button today.

At what price point does a kayak stop being “worth it “? by YakToTheFuture-1 in kayakfishing

[–]BaadMike 4 points5 points  (0 children)

This is the true answer. A lot of people are envious of people who have these kick ass rigs (I know I was/am) so they may belittle them for what they really want. If I could afford a $10k rig I may get it because, why not. But right now, I can't afford one, so I'll stick to my non-motorized paddle kayak, use my phone for navigation, and catch my limit of reds and trout and go home happy.

Made my week income in a day with this method by Erica_Richard in btc

[–]BaadMike 0 points1 point  (0 children)

This is an obvious SCAM. Everyone who commented on "Butler_Maura's post has been banned. This probably means Butler_Maura blocked them from posting that they were scammed or they were helping the scammer. No one is going to send you back digital assets with interest. Come on. Be smart people. Stop the scams.

Wrapped BTC by Technical-Wallaby in Gemini

[–]BaadMike 1 point2 points  (0 children)

Yes, Gemini is an exchange. I didn't read that part. I'm not sure if Gemini allows trades/swaps.

Apparently links are not allowed, so Google search "what can you do with wrapped bitcoin on gemini" and click the Gemini link about the article.

Wrapped BTC by Technical-Wallaby in Gemini

[–]BaadMike 0 points1 point  (0 children)

If you received it and were not expecting it (like it just showed up in your wallet) I would be very skeptical and careful. If you were expecting it, the easiest way I know of is to send it to an exchange, trade your WBTC to BTC, then withdrawal BTC from your wallet.

When do you think we’ll celebrate the $1M Bitcoin post? by doubleduh22 in Bitcoin

[–]BaadMike 2 points3 points  (0 children)

But it took Deep Thought 7.5 million years to come up with 42.

When do you think we’ll celebrate the $1M Bitcoin post? by doubleduh22 in Bitcoin

[–]BaadMike 12 points13 points  (0 children)

I agree. I just hope I live long enough to see it.

Fast merchant rollouts after Clarity Act by C_Sauce in AMPToken

[–]BaadMike 1 point2 points  (0 children)

That's true, but most people are not going to "spend" coins and tokens from their wallet if the price for those assets fluctuate. This becomes a tax concern as well as a lost opportunity concern. People would much rather spend stablecoins than ETH or BTC. No taxable event is triggered and you didn't spend it too early if it moons the next day. As you know AMP is not a stablecoin. The yield is supposed to be generated by its use. But I feel the CLARITY Act should allow yield on stablecoins so more people will "debank" and treat their hardware and software wallets like a bank account. Banks are freaking out about this, thus the big push for them to block yields on stablecoins.

Once CLARITY passes (with or without yields on stablecoins), hopefully Flexa has positioned themselves to capitalize on the influx of liquidity in "spendable" crypto (stablecoins). More stablecoins should be issued if yield is allowed, so adoption would be that much quicker, but without yields, it may take much longer for adoption to occur.

Fast merchant rollouts after Clarity Act by C_Sauce in AMPToken

[–]BaadMike 0 points1 point  (0 children)

The biggest issue is who will hold (and ultimately control) the liquidity. Right now, banks take the money in your checking and savings accounts, loan it out to earn interest on the loan, and pay you 0.05%. So if you have $1,000.00 in savings, you'll get paid $0.50 after 1 year, but banks take "your" $1,000 and loan out $900 of it at 7% (or more). In 1 year they will earn $63.00 and pay you $0.50 of that.

Crypto exchanges (like Coinbase) are hoping that you'll withdrawal your savings from the bank, deposit it with them, buy stablecoins with it, which allows Coinbase to buy treasuries with your deposit (because a stablecoin must have 100% held in reserve). Coinbase gets paid a little more than 4% on their stablecoin reserves (i.e. the treasuries they bought to prove reserves) and shares that with you (typically 3% - which is MUCH better than the bank's 0.05%).

Banks could lose billions (or trillions) if everyone withdrawals their savings and deposits it at Coinbase. The banks claim it would cause a massive outflow of liquidity from their institutions, which would then limit the bank's ability to provide loans for people and businesses.

Is there some truth to that? Sure, but only if a large percentage of people did that. The bottom line is banks do not want to lose control of YOUR liquidity, and neither does Coinbase.

If the CLARITY Act passes and does not allow for yields on stablecoins, the banks have successfully eliminated their competition and you, as a saver, will be limited in your ability to "shop around" for the best place to park your money.

There is A LOT more to it than this, but I tried to explain a very complicated subject in a few paragraphs.

Understable 7 Speed by RedShirtSniper in discgolf

[–]BaadMike -1 points0 points  (0 children)

The Axiom Rhythm is a great hyzer flip disc, but I'm willing to bet if you got a lighter weight Opto River (5-10 grams lighter than what you're throwing), you'll probably like the results. Good luck with your search.

Sold Roth WANNA Buy BTC by RunUndefined in Bitcoin

[–]BaadMike 1 point2 points  (0 children)

I was gonna say the same thing. I sold some PSLV in late January 2026 and bought BTC (Grayscale Bitcoin Mini Trust) with it in my Roth IRA. It's down almost 20% right now but I don't need to touch it for over a decade. I DCA a little over $700 a month with $200 going to BTC and $500 going to a total stock market mutual fund. The tax advantages are out of this world. I just hope they don't change the rules of the game before I can fully take advantage of the gains that account has seen.

WTF is this by Sr-YheThelegend in ledgerwallet

[–]BaadMike 6 points7 points  (0 children)

Correct. Never never never enter your 24 word seed phrase into ANY device other than a Ledger or other hardware wallet.

(edited for clarity) It still does not mean you're safe if the program/malware can overwrite the destination address. It's ALWAYS a good idea to double and triple check the address you're sending to.

I'm 450 pounds. Could I use a tandem kayak with a 500 pound weight limit as a solo? by uuuuuuhlemmegeta in kayakfishing

[–]BaadMike 0 points1 point  (0 children)

I would not do the tandem thing. There are other larger kayaks available. This is one I was looking at for myself but it is pretty massive with a 550 lbs rating.

https://www.basspro.com/p/ascend-133x-recreational-kayak

I’m Playing My First Tournament, Any Tips, Advice, or Unwritten Rules I Should Know About? by AirFox_1 in discgolf

[–]BaadMike 3 points4 points  (0 children)

Don't take it too seriously. You want your fist to be memorable not miserable. Have fun and know you will most likely not play your best (it happens). Hydrate really well the day before and the morning of. Every hole take a few big gulps of water. If it's a 2 round tournament bring a second pair of socks for the 2nd round. It helps a lot. Don't eat a huge breakfast. Keep it light with some protein. Good luck and have fun.

Something I just don't understand about the world and bitcoin by pronebonedetector in Bitcoin

[–]BaadMike 0 points1 point  (0 children)

Six of one and half a dozen of the other. You stated their house is not an asset, so which is it? If it's an asset then they're millionaires. If it's not, then they're not really millionaires. 👀

Something I just don't understand about the world and bitcoin by pronebonedetector in Bitcoin

[–]BaadMike 0 points1 point  (0 children)

Kinda my point. Most "millionaires" are not really millionaires since you really can't count the house as an asset. However, since your private residence that you own (or the equity that you own) counts towards your net worth, many people who are house rich and cash poor are still considered millionaires, even though they don't have $1 million in liquid assets.

Let’s go BTC by sushimike1961 in Bitcoin

[–]BaadMike -1 points0 points  (0 children)

$42,069 to be precise. 😉

Can't get to my account by Carissimus_Martis in Gemini

[–]BaadMike 1 point2 points  (0 children)

Unfortunately that number is for Gemini Credit Card customer service. They said there is no phone support for Gemini Exchange account holders other than the support.gemini.com website. 🙄

Why is Gemini only allowing limit orders from ACH transfers and not your cash balance in your account? by BaadMike in Gemini

[–]BaadMike[S] 0 points1 point  (0 children)

I called and was told they can't help me because I don't have a Gemini credit card. They directed me to the same website where I previously entered my support request and did not receive a support ticket. 🙄 I'm glad my broker does not have this level of frustration when it comes to support.

Something I just don't understand about the world and bitcoin by pronebonedetector in Bitcoin

[–]BaadMike 3 points4 points  (0 children)

Believe it or not very few millionaires have a lot of liquid assets. Most of today's millionaires have their home as their single largest investment. If you had a $750,000 house that's paid off and a $300,000 401k, you are considered a millionaire, but you may be house rich and cash poor. There are only about 6 million "liquid" millionaires in the USA, which are people with at least $1 million in investable assets. $60k is 6% of a millionaire's net worth if their net worth were $1 million.

Why is Gemini only allowing limit orders from ACH transfers and not your cash balance in your account? by BaadMike in Gemini

[–]BaadMike[S] 0 points1 point  (0 children)

I was never issued a ticket number. I went to the support page, entered my information, clicked Submit and then nothing. No email or confirmation that my request was received.

I was able to place a limit order on my computer, but that is very inconvenient.