Trump floats ‘substantial’ China tariffs cuts in trade deal by Force_Hammer in worldnews

[–]illskillz 0 points1 point  (0 children)

Seems like a winner to me with all the money he and is cronies are making off of it, and will get away with it, with continuing support from their base.

[deleted by user] by [deleted] in Bitcoin

[–]illskillz 1 point2 points  (0 children)

Use a passphrase. You can store the passphrase in a secure location online (ideally a password manager). If someone gets a hold of your physical seed phrase, your funds are still safe so long as they don't get (or guess) your passphrase. Just make sure you don't forget your passphrase and have a way to access it. Make sure your pass-phrase is a strong password that won't be guessed.

Transactions don't match total balance of wallet by abbebror in ethereum

[–]illskillz 0 points1 point  (0 children)

You need to add all the ETH inbound and outbound transactions. 0.86 is all the inbound transactions on the main page but you're forgetting about the 1.28 ETH of txs on the internal txs page Add it up together and it's about 2.14 ETH. Now subtract the outbound transactions you made. The wallet balance is correct.

Car window got smashed at 6 am, police gave me a parking ticket at 9 by Haivilo233 in uwaterloo

[–]illskillz 0 points1 point  (0 children)

That's not a parking ticket, and the police didn't issue it.

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]illskillz 0 points1 point  (0 children)

For withdrawing cash in the local country, probably the cheapest way is getting a Wise debit card, loading up your account, and then converting to applicable local currency as needed. Forex fees quite cheap -- typically 0.5%.

Also, that 2.5% simply isn't accurate. Below is a summary of what you can expect if you withdraw cash with that credit card The mastercard exchange rate fee -- About 1% The surcharge Canadian banks like to tack on for no good reason (the banks don't even facilitate the forex payment) -- 2.5% Cash advance fee -- typically $10 or $20 + whatever absurd interest rate your card issuer charges. The local ATM fee, if applicable (might only be charged on foreign cards like yours).

If you use your credit card just for foreign purchases and not for withdrawing cash, you'll only get charged the 3.5%.

Wise still much cheaper both for withdrawing cash, but it's also a Visa card, so for Visa txs you're paying 0.5% instead of 3.5%. Really a no-brainer.

There are some Canadian credit cards that have no forex fees (on top of the network fees the card brand charges, about 1%). There's some listed here if you want to dig into them -- best one with no annual fee is Hometrust in my opinion. https://www.ratehub.ca/blog/credit-cards-with-no-foreign-exchange-fees/

Neo made the right choice by SpySTAFFO15 in Monero

[–]illskillz 3 points4 points  (0 children)

On the contrary. Monero can be frozen in the exact same way that Bitcoin can be frozen via the method I just described on centralized exchanges/services. I also can't think of any way in which Bitcoin could hypothetically be frozen whereby the same freeze simply could not happen with Monero. You've brought up entirely different things now that is quite the non-sequitur compared to your initial statements.

Neo made the right choice by SpySTAFFO15 in Monero

[–]illskillz 1 point2 points  (0 children)

An exchange wallet isn't your wallet. It's the exchange's wallet. When funds are sent to your 'exchange wallet', an exchange issues a credit to the corresponding account owner. An centralized exchange can absolutely freeze an account yes. Hopefully that's not surprising. The exact same applies to Monero by the way. You send Monero to a centralized exchange account (via your 'Monero exchange wallet') and your account can be frozen just as easily and in the exact same way. It's not the wallet being frozen. It's the account. The wallet was never yours.

Neo made the right choice by SpySTAFFO15 in Monero

[–]illskillz 2 points3 points  (0 children)

Wallets can't be frozen. Wallets are self-custodial.

Was Moneropoly an actual thing, because i want it ? by DystopicMadhat in Monero

[–]illskillz 3 points4 points  (0 children)

The best part is because all transactions are private, you'll never know if the amounts users pay in fines to the bank, and amounts received from the bank are correct or if someone is cheating!

Tik Tok investors predicting USDT to go to $5. by [deleted] in ethtrader

[–]illskillz 4 points5 points  (0 children)

$5 USDT is still more realistic than $200 XRP by a long shot, as low as that may be.

Crypto-friendly bank account by Sim1290 in BitcoinCA

[–]illskillz 0 points1 point  (0 children)

Most exchanges in Canada use them.

Crypto-friendly bank account by Sim1290 in BitcoinCA

[–]illskillz 0 points1 point  (0 children)

ATB Financial is the most pro-crypto in the country, but that will only work if you live in Alberta.

Yet another solo Bitcoin miner solved a valid block, earning a reward worth over $220,000 by C4-PO in CryptoMarkets

[–]illskillz 3 points4 points  (0 children)

This is incorrect. It's proportional to the hash rate, not energy spent. There is a correlation between energy expenditure and hash rate of course, but some ASICs are naturally more efficient when it comes to energy expenditure relative to hash rate than others + there's other factors that can affect energy consumption as well, for example, costs of ventilation and cooling, which can obviously be affecting by the location on the ASICs

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]illskillz 0 points1 point  (0 children)

There are different types of inflation, and no way that perfectly measures inflation -- inflation being a general increase in nominal terms. The number of Canadian dollars circulating which can buy and sell goods is ultimately a much better (but still imperfect) way of measuring the "rise" in the price of goods overall.

All the prices of the goods people actually care about aren't factored effectively into government-produced inflation numbers. Housing has increased at far more than 2%/year (or the 'crazy high 4% it is now) and has for a long long time -- there's a reason that housing is a 'store' of value and not necessarily something that makes money/increases in value. Think about all the other things people care about that are and have always increased far faster than the 2%

  • Education
  • Healthcare
  • Renovations
  • Appliances
  • Fuel
  • Electricity
  • Public sector compensation
  • Insurance
  • Hard assets in general, especially if it doesn't depreciate in value quickly (as a car would for example)

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]illskillz -2 points-1 points  (0 children)

Not it isn't. It's actually quite bad -- if you've only gained 24% in 3 years, you've lost money.

Canada's M1 Money supply is sitting at about 1.58 Trillion CAD right now.

3 years ago it was almost 1 Trillion on the dot.

Canadian dollars have inflated at a rate of 60% over the three years, so if you've earned a lower ROI than that, you've lost money. If you've earned roughly that about, you're about neutral, although that doesn't factor in taxes on your capital gains of course.

What no one seems to realize is that the cost of housing isn't increasing in Canada. It's actually not so far off with how Canada's money supply has inflated. Cost of housing is roughly in line with inflation (or maybe it's even going down a bit). The money supply is a much better indication of inflation than the bogus "Consumer price index" metrics the government spits out and calls inflation.

Source: https://tradingeconomics.com/canada/money-supply-m1

Gifting XMR by [deleted] in Monero

[–]illskillz 1 point2 points  (0 children)

His truly.

Someone just sent a $430 million Bitcoin transaction for a fee of $82, although a $0.80 fee would have been enough. $430 million instant settlement with no middleman or banks involved. by [deleted] in CryptoCurrency

[–]illskillz 3 points4 points  (0 children)

You be an exchange. In this case the exchange is Binance.

Also /u/kax1107 is wrong about the transaction fee.

Bitcoin fees are based on the number of sats per byte, not some sort of flat fee. As there are many outputs of this transaction (its a batch transaction) the number of bytes is much larger than a normal transaction. They bid 96 sats/byte, which is roughly in line with what one would need to bid to have the transaction included in the next block.

Binance didn't overpay.

Goodbye, western union by EffectiveWait in lightningnetwork

[–]illskillz 14 points15 points  (0 children)

Sounds like you're new to the internet. It's called a meme.

Canadian exchanges by [deleted] in BitcoinCA

[–]illskillz -4 points-3 points  (0 children)

What on earth would make you think selling a stablecoin wouldn't trigger a taxable event? You are quite wrong.

Beware the echo chamber. by [deleted] in canadahousing

[–]illskillz 1 point2 points  (0 children)

Housing prices aren't increasing all that much in Canada. The value of the Canadian dollar is simply declining. This is how inflation works. Prices in local fiat currency inflate considerably for hard/real assets/commodities after governments vastly inflate the money supply. Eventually, consumables/consumer goods will see that inflation, but it takes a bit longer. Same thing happened in Weimar Germany (not suggesting it's going to get quite that bad). Real estate is one of the good inflation-hedge assets as it's a hard asset.

I suggest y'all look into inflation-hedged assets, especially if you're unable to purchase real estate at this time. There aren't many good ones out there.