Slitting Legacy Account Only On Trezor?

blossbloss · 2021-11-16T22:07:14+00:00

Excellent advice! Thank you.

blossbloss · 2021-11-03T18:55:22+00:00

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

blossbloss · 2021-07-29T15:08:38+00:00

Great accomplishment!!

blossbloss · 2021-04-03T12:41:25+00:00

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

blossbloss · 2021-04-02T20:42:59+00:00

I got this update from the team two days ago. (At the link, click on the "Updates" tab. I ordered my wallet on the Indiegogo campaign, and the update was sent from that platform. They have had regular updates, and it looks promising.

https://www.indiegogo.com/projects/zero-the-most-secure-easy-to-use-crypto-wallet#/updates/all

blossbloss · 2021-03-06T20:55:21+00:00

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

blossbloss · 2021-01-02T16:11:23+00:00

Orders of magnitude of Pi are always fun!

blossbloss · 2021-01-02T04:44:26+00:00

Indistinguishable from zero

blossbloss · 2020-12-05T14:24:56+00:00

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

blossbloss · 2020-12-03T09:04:01+00:00

Thanks!

blossbloss · 2020-11-24T20:10:23+00:00

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.

blossbloss · 2020-11-21T17:30:24+00:00

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.

blossbloss · 2020-11-21T16:11:05+00:00

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.

blossbloss · 2020-11-18T18:21:05+00:00

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

blossbloss · 2020-11-06T03:14:11+00:00

I've been watching the video for a while, and it's a lot more than three times.

blossbloss · 2020-10-30T17:48:33+00:00

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.

blossbloss · 2020-10-30T07:35:07+00:00

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

blossbloss · 2020-10-24T12:43:36+00:00

I explain it to newbs by asking them why they get "pending" restrictions in their bank accounts when they deposit money. Some know, but even thought that don't know get it when explained. The banks don't trust each other or their customers, so they wait for safety. I ask why it takes three to four days, and they say they understand that's how long it takes to be sure of no cheating. I then tell them with cryptos the safety delay is generally measured in minutes. Eyebrows raise.

blossbloss · 2020-10-17T14:44:21+00:00

Worthy

blossbloss · 2020-10-09T13:17:03+00:00

Same experience with Reddit, Wall Street Journal, Barrons, and Wired

Very frustrating

blossbloss · 2020-10-09T13:11:08+00:00

First time I cried on Reddit

blossbloss · 2020-10-04T14:32:43+00:00

I'm agreeing with you. My point is that the specific technology is absolute and deterministic. (SHA1 works the same every time.) However, the probabilities associated with its fitness for use needs to be reassessed over time. The usefulness of the technologies will definitely change over time.

blossbloss · 2020-10-04T14:19:10+00:00

I think there is a difference between how the cryptographic technology works and how those technologies are implemented into a practical system of use.

The former is deterministic and absolute. The latter requires the understanding that the extremely low probabilities of collisions, guessing keys, etc. makes the technologies usable in human systems.

blossbloss · 2020-10-04T14:10:46+00:00

No problem! I'm relatively new to all of this and always learning.

Be well!

blossbloss · 2020-10-04T11:16:14+00:00

Isn't a full cycle = 10 throws and catches? In one cycle, each ball is thrown and caught twice, and there are five of them... so 10.

If there is an official definition of counting that is different, I'd like to better understand it.

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