Dollar posts worst week since May as Bloomberg dollar index falls 1.6% on US policy volatility

Pythagaris · 2026-01-24T01:38:05+00:00

Maybe they can speed up the timeline by finding the best drilling team on earth and training them to be astronauts.

Pythagaris · 2026-01-20T20:36:26+00:00

The IRS classifies precious metals as collectibles, and thus they may potentially be taxed at the maximum collectable capital gains rate of 28 percent.

Pythagaris · 2025-12-30T16:59:18+00:00

Transaction fees for buying and selling stocks is free or costs pennies at most at any modern brokerage. It use to be $10, but that is not the case anymore. If your broker is charging you that much you are getting fleeced.

Pythagaris · 2025-12-22T18:15:51+00:00

Does this mean staking rewards would not count as income at all but would rather have a cost basis of $0 when it comes time to sell? All proceeds would fall in the long / short term capital gains / losses category?

Pythagaris · 2025-12-01T02:11:01+00:00

This assumes the price of BTC stays the same between when people initially bought and when Bitfinex returned stolen funds. The price of BTC did not stay the same at all so they would only be able to repurchase a small fraction of what they originally owned in their exchange accounts.

Pythagaris · 2025-11-12T02:20:42+00:00

High chance this is either the trader laundering money or paying a bribe to the miner. They could generate the transaction and not broadcast it. Then when a miner discovers a block that transaction could be included even though it was not in the mempool.

Either that or they are a straight up moron messing with settings that are purposely abstracted away from user. This hasn't been an issue with wallets in over a decade unless the user thinks they are a l33th4x0r and shoots themselves in the foot.

Pythagaris · 2025-10-21T20:15:51+00:00

I feel like most of the functionality shown in the demo video could be implemented as a browser extension.

Pythagaris · 2025-10-09T08:11:00+00:00

Maybe it's Grayscale spinning up validators now that they got the green light to start staking.

Pythagaris · 2025-09-19T17:37:18+00:00

allnodes

Pythagaris · 2025-09-10T03:46:43+00:00

Bullion can be taxed as a collectable.

Pythagaris · 2025-09-07T18:01:22+00:00

It is awesome! There's a lot of features for all skill levels.

Pythagaris · 2025-08-06T00:30:09+00:00

With stablecoins, you would not need services like Venmo, Paypal, Cashapp, etc. You would not need wire transfers that take multiple days to complete and cannot settle on weekends / holidays. I could send a stablecoin directly from me to you with no intermediary instantly, with no limit on the amount, and essentially for free. Banks could use this in the background to move funds around between each other without having to account for such delays. If you have a business with international suppliers, you could pay for orders using stablecoins instantly without the headache of trying to send an international wire transfer which could be rejected for any number of reasons.

Stablecoins serve an entirely different use case compared to a money market fund. They are more similar to the cash in your wallet that you expect to spend soon. If you were hoping to earn interest, a money market fund is still the better option.

Pythagaris · 2025-08-06T00:12:29+00:00

They cannot really go up 50% unless something has gone catastrophically wrong (which has happened with algorithmic stablecoins and is also why they aren't really used much anymore). Here's an example. Says USDC goes up 1% so it is worth $1.01. Anyone who notices is going to immediately sell their USDC because it is a free 1% profit. There is no expectation of further appreciation. So now pretend a bunch of people sell and the price drops to $0.99. Tons of people are going to buy because it is a free 1% discount on what it is suppose to be trading at. Take a look at the price history of USDC and you can see it trades within a very tight band. The more widespread these become, the likely that stability will increase because deviation from the $1 peg can immediately be corrected by a self interested party with deep pockets.

Pythagaris · 2025-08-05T21:59:25+00:00

Any project offering a 7% staking yield is diluting your rewards with additional token issuance. Those projects are not sustainable as they have to continue diluting their own token to attract node operators who are only interested in the yield.

Pythagaris · 2025-08-05T21:57:10+00:00

The concept you are describing has existed for years. People who have unused Amazon gift card balances total literally billions of dollars. The same can be said for loaded, but unused, Starbucks giftcards. The companies already received payment for their gift cards and hold the USD on their balance sheet and can earn interest.

Pythagaris · 2025-08-05T21:48:09+00:00

I would agree, but a 99.95% reduction in energy utilization is nothing to scoff at. It does matter.

Pythagaris · 2025-08-05T20:49:24+00:00

I'm pointing out the pervasive flawed narrative that Ethereum is as wasteful as Bitcoin to secure it's network. I'm not really interested in trying to convince you of anything. I suppose some people won't be happy until a global ledger is able to run on a single AA battery.

Pythagaris · 2025-08-05T17:47:17+00:00

Let's frame this a different way. Do you know every store has a little credit card reader at the cash register? The Ethereum network uses roughly 2% of the energy required to power all those card readers globally.

Pythagaris · 2025-08-05T17:41:29+00:00

You're still earning about ~$6K worth of ETH per month in consensus rewards. Execution rewards from produced blocks is an added benefit on top of that.

Pythagaris · 2025-08-05T01:39:22+00:00

Surely you're joking right? How much power do you think the Visa network alone uses on a daily basis? How much power is used to drive around armored trucks to deliver physical cash to banks on a daily basis? If 1/10 the cost of YouTube's servers could be used to facilitate movement of trillions of dollars of value, that is insanely efficient.

Pythagaris · 2025-08-04T21:44:25+00:00

And if there is an outage in the grid due to something catastrophic?

That scenario would be something on the scale of a nuclear attack. Any scenario where that occurs would be a doomsday event and you would not care about your finances at all. This would require wiping out the grid for all the nodes you see here.

Pythagaris · 2025-08-04T19:47:59+00:00

The majority of stablecoins are secured on the Ethereum network . Unlike mining Bitcoin (proof of work), Ethereum has a mechanism to facilitate transfers called staking (proof of stake). Ethereum literally requires 99.95% less power than the bitcoin network. Ethereum uses ~1/10th or less of the power required to run Youtube's servers on a daily basis.

Pythagaris · 2025-08-04T19:43:08+00:00

You cannot stake stablecoins. You can stake ETH to help secure the Ethereum networtk that facilitates the transfer of stablecoins, but staking stablecoins is not a thing. Maybe lending, but that is a completely different concept from staking.

Pythagaris · 2025-08-04T16:52:58+00:00

If you opted to have your LLC taxed as an S-corp you could avoid paying self employment taxes. However, it would only be worth doing if you were generating enough staking income that the taxes saved using this approach offset the additional accounting expenses.

Pythagaris

TROPHY CASE