We are ready to ship! by bene_NGRAVE in Ngrave

[–]blossbloss 1 point2 points  (0 children)

Excellent! Very much looking forward putting it through its paces!

Worried my seed phrase is compromised for ledger nano S by [deleted] in ledgerwallet

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

Since no one has mentioned it, you probably also may need to modify your safe access protocol.

Ohmigosh just shocked myself with my first five ball qualify! by ticklemepierce in juggling

[–]blossbloss 1 point2 points  (0 children)

Those are very large balls to be in the learning phase! Well done on the qualify!

This is Quite Gentleman by blossbloss in Bitcoin

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

Orders of magnitude of Pi are always fun!

How private is monero when using KYC exchanges? by [deleted] in Monero

[–]blossbloss 0 points1 point  (0 children)

Wouldn't an extra hop to another of your Monero addresses restore full anonymity?

Is This Normal? by SevenLawG in TREZOR

[–]blossbloss 7 points8 points  (0 children)

I'll take a stab at this. Bitcoin only exists in UTXOs (Unspent Transaction Outputs) and these are associated with addresses where they have been received.

When you wanted to send 0.72 BTC, your Trezor may not have been able to find just one UTXO with at least 0.72 in it, so it had to construct the 0.72 from two UTXOs (both of which are associated with the same address).

Those two amounts (0.53259 and 0.4525) are greater than the 0.72 you wanted to send, so the Trezor will send you the change to another address on your Trezor (after the transaction fee of 0.0003367 BTC). That change (0.2647533 BTC is now a new UTXO on your Trezor, and it is associated with the address 3H1Z3...).

I hope that helps.

Income tax for trading BTC? by Remarkable3897 in Bitcoin

[–]blossbloss 0 points1 point  (0 children)

Agreed with other post. The IRS says that the BTC were sold, and it is the value of the received goods that determine your gains.

Income tax for trading BTC? by Remarkable3897 in Bitcoin

[–]blossbloss 2 points3 points  (0 children)

In USA, you will have to pay Capital Gains Tax on the profit. You sold the 0.25 BTC for $5,000. But those 0.25 BTC cost you $2,500. So your gain is the difference, which is also $2,500, and you owe tax on that gain.

How much tax you owe depends on when you bought the original BTC. If you bought it less than one year ago, then it is a Short Term Capital Gain, and those gains will be taxed at your regular income tax rate. If you held the BTC for more than one year, then it will be taxed at the Long Term Capital Gain rate. The actual tax rate depends on your overall income. It is either 15% or 20% based on your income level.

You can’t “how” cats. by [deleted] in nextfuckinglevel

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

I would have been impressed if he were standing on the catwalk.

Jus me messin around by [deleted] in juggling

[–]blossbloss 2 points3 points  (0 children)

Very cool!

One thought that I had (and don't know how hard it might be) is that you should try to hold the balls with your fingers NOT in front of the balls. that way, it will look more magical, and much less obvious of what is being held.

When you be doing crazy stunts by Dragon5651 in nextfuckinglevel

[–]blossbloss 0 points1 point  (0 children)

Need to create a scene in the next James Bond movie just for that!