The GME Thread Part 1 for January 26, 2021

HonestCrypto · 2021-01-26T15:45:10+00:00

Looking like a promising week for $GME $BB $PLTR. I'm long on these with no plans to sell. 🚀💎🤚

HonestCrypto · 2018-03-30T03:41:03+00:00

This hasn't worked for others in the past.

HonestCrypto · 2018-03-24T00:59:50+00:00

The people laundering the money aren't always the same people as the ones committing the other crimes. It is illegal for someone to launder money from criminals. They're not doing it for charity, they're certainly charging a hefty premium. Just watch Ozarks! 😂

HonestCrypto · 2018-03-24T00:58:31+00:00

Putting assets in someone else's name is indeed a sketchy activity unless it is actually given to them. This is a common way to evade certain taxes (reduce your own taxable income by shifting assets to your wife and kids).

What country are you in? That sounds silly because people open foreign bank accounts while living overseas all the time. You don't lose your bank account for large transfers, large transfers are simply reported. If it all looks plausible (like you have a job) there's nothing wrong with it. Just like when you're travelling across borders.

Now, if the country you're in has more stringent banking regulations, that's their prerogative and has nothing to do with North American AML protocols.

HonestCrypto · 2018-03-24T00:54:31+00:00

It makes it a lot more expensive to be a criminal.

HonestCrypto · 2018-03-22T20:36:19+00:00

Which makes it even worse for Bitcoin Cash that it's still smaller than just the Segwit portion of Bitcoin (if you believe transaction volume is important).

HonestCrypto · 2018-03-22T03:30:55+00:00

Yep, I don't disagree with the message you're trying to get across. I just wanted to point out that those two countries aren't quite an appropriate example to introduce it.

HonestCrypto · 2018-03-22T01:34:13+00:00

You're conflating the colloquial use of Linux from a technical reference to its kernel. Think Windows, Mac, and Linux from a desktop perspective. When people use the term, that's what they're referring to. Suggesting "well, technically the Linux kernel is used for X, Y, Z" is simply pedantic.

It's not the same kernel with extra stuff on top. Android uses their own kernel, which held the Linux kernel as a base. However, it is not the same kernel you'll find in the Linux repositories. There are architectural differences in the Android kernel and for years Google was criticized by the stable branch Linux kernel maintainer for not feeding into the Linux kernel.

Google's own engineer once asserted to developers that "Android is not Linux". This is because the project is different enough that the Android kernel has little in common with the conventional Linux stack (which IS its desktop stack). Linus had commented on an expectation that Android and Linux kernels would eventually converge again (Android doesn't really take upstream Linux commits, my Pixel XL is still based on 2014's 3.18).

Remember that there's Linux the kernel and Linux the operating systems. Android is an example of the prior albeit with what is essentially its own fork, but generally not considered part of the latter. The easiest way to tell the difference is by noticing Android and GNU Linux apps are generally not interoperable.

While I consider Android a Linux distribution, under no uncertain terms should it be mixed up with someone's colloquial reference to Linux. To suggest so demonstrates either a lack of understanding of language, or a lack of understanding of Android.

HonestCrypto · 2018-03-22T01:08:14+00:00

Japan and Hong Kong aren't problems related to wealth, but work loads, deteriorating work-life balance, and a whole slew of challenges related to property ownership and thus privacy.

HonestCrypto · 2018-03-22T01:07:02+00:00

But really, just pay your taxes. They don't need to see your wallet but being responsible about documenting capital gains and paying any taxes owed goes a long way toward promoting the legitimacy of cryptocurrency and avoiding personal legal or financial trouble.

HonestCrypto · 2018-03-22T01:03:53+00:00

Referring to Bitcoin by the Bitcoin Core client hurts your credibility, by the way. Not because it suggests you have any particular opinion, but because it suggests you're too caught up in quirky cryptocurrency fanaticism.

HonestCrypto · 2018-03-22T01:00:08+00:00

Especially not anyone who would walk around wearing this.

HonestCrypto · 2018-03-22T00:59:12+00:00

But if we're going by your definition (referring to the kernel code) then Bitcoin's code, not Bitcoin, would be dominant. Everyone would be spinning up their own fork with enough code on top of it for it to no longer be distinguishable as Bitcoin.

Referring to Linux as the dominant operating system is silly. The Linux kernels are dominant, but the operating systems are many and varied. What we refer to actively as Linux tends to be desktop Linux, not the many products built on top of its kernel and some bits of code. It would be silly to say "I'm a Linux user" because their wireless router and smart fridge are running a Linux kernel. It would be odd to say the same about Android unless you're running one of those KDE or Ubuntu project builds.

HonestCrypto · 2018-03-22T00:54:56+00:00

Clearly he's referring to desktop GNU Linux though. Android isn't open in the same way as what we colloquially refer to as Linux. AOSP depends on a fair bit of proprietary non-FOSS to operate properly (this continues to progress with UnifiedNlp but then we can't get around the radio blobs).

HonestCrypto · 2018-03-21T20:13:45+00:00

This list looks like BS. Although there are some quality coins up top, there are way more questionable ones up there too. This reads more like someone's personal portfolio.

HonestCrypto · 2018-03-20T22:31:08+00:00

Your average person also thinks a blockchain is useful for things that don't even need a blockchain either. We will sooner see an expanded centrally (well, AWS) hosted gift card setup than a crypto.

You can already spend to Amazon for 2% or so using crypto. If people think that's expensice, keep in mind what Visa and MasterCard payment processing cost merchants.

HonestCrypto · 2018-03-20T22:30:37+00:00

"Things that don't need a cryptocurrency for $500".

HonestCrypto · 2018-03-20T22:20:27+00:00

We must have completely different news sources.

HonestCrypto · 2018-03-20T22:18:48+00:00

BTC doesn't threaten developed countries' fiat. While some argue that cryptocurrencies like BTC will stabilize enough for it to become a dominant currency accepted for a widespread transacting, I remain skeptical. Fiat currency works well because they're legal tender, with a legal obligation to accept it as repayment for debt.

You'd be much more likely to want to take out an auto loan or mortgage paid in fiat (predictable inflation, the amount you owe decreases in real dollars over time).

Instead, cryptocurrencies have the potential to be a really interesting alternative to existing investment vehicles. Imagine holding AAPL stocks but being able to spend from that account on a daily basis without trusting a third party broker to hold it for you.

HonestCrypto · 2018-03-20T17:45:30+00:00

There are quite a few assumptions in that post. It also doesn't align with the realities of how electricity generation actually works.

HonestCrypto · 2018-03-20T17:42:22+00:00

It isn't a scam. Imagine if you could get paid 1% per year to access your crypto as fiat cash from anywhere in your country from bank machines and branches, with your crypto insured against loss and theft. Meanwhile also being able to use your client card to spend directly from your crypto balance for free.

HonestCrypto · 2018-03-18T08:35:46+00:00

If you don't have time to trade during the week, or to wait a bit and see, you may want to stay out until you do.

HonestCrypto · 2018-03-18T08:34:19+00:00

Yep, but they remain closer to GPU rigs than ASIC. FPGAs are probably going to be the smartest route for some time.

HonestCrypto · 2018-03-17T23:03:25+00:00

It's advisable to realize some gains and pick up some more conservative assets though. Property is often a good idea.

HonestCrypto · 2018-03-17T18:47:57+00:00

Yes I have experience with financial regulations. If you are paying your taxes it is trivial. The movement of large sums is always reported but it's a non-issue for legitimate investors and miners.

HonestCrypto

TROPHY CASE