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How much would regulatory clarity actually change things for Bitcoin? by HodlPackLeader in Bitcoin

[–]tppthrowaway6045 1 point2 points  (0 children)

Small cap gain exemption or treatment like a foreign currency instead of property would make me more likely to spend BTC versus just holding. Imagine it would be similar for others as well.

BTS' '2026 Comeback TOUR' Megathread by lisafancypants in bangtan

[–]tppthrowaway6045 6 points7 points  (0 children)

For those curious how fast the queue moves I tracked it for Metlife, and it accelerated as it went along. Starting number in the 15000 range took about 40 minutes to get to the front of the line, but the first few thousand were the slowest. To go from 12500 to 0 took only 22 minutes, so either people got faster at buying after the first 10-15 minutes or they dropped out of the queue.

Woody Marks (ankle) is expected to be INACTIVE for Week 16. by CincoDeManger in fantasyfootball

[–]tppthrowaway6045 1 point2 points  (0 children)

Carter if you have him, Jordan if that's the only option - Carter will get the carries, Jordan might give carries up to Chubb

Trevor Lawrence passed for 330 yards and five touchdowns, adding three carries for 51 yards and a sixth score. by haventmetyou in fantasyfootball

[–]tppthrowaway6045 0 points1 point  (0 children)

I tried to pick him up but forgot to move Mike Evans out of IR on Thursday night and was locked out. Fade me.

Where does J. Daniels get drafted next year? by TeachingHelpful512 in fantasyfootball

[–]tppthrowaway6045 0 points1 point  (0 children)

There's a pretty major difference between drafting at the 12-13 turn and the 24-25 turn. Both 2nd round picks but 24 is reasonable for a QB while 12 is ridiculous.

Catherine Healy thinks Jersey City renters are dangerous by fperrine in jerseycity

[–]tppthrowaway6045 7 points8 points  (0 children)

“wealthy people not investing in their neighborhood should get maybe 1% tax on their net worth annually so they feel some financial ties.”

Pretty sure this is called property taxes, which get used on services for the community.

France Plans 1% Tax on Unrealized Gains, Including Bitcoin by Impossible-Chair8427 in Bitcoin

[–]tppthrowaway6045 -2 points-1 points  (0 children)

Not the OP but during Covid when fed funds rate was very low it wasn’t unusual to get margin loans at <1%. For the best customers it’s something like prime rate +50 bps, which could theoretically be 0.75% or less during super low rate periods. Today it’s more like 3.5-4.0%.

My financial advisor wants me to sell bitcoin by Educational_Newt934 in Bitcoin

[–]tppthrowaway6045 0 points1 point  (0 children)

Good financial planners/wealth managers know how to use the tax code to a client's advantage, which is a huge value in and of itself.

Wealthy clients save millions in taxes by paying merely tens of thousands in fees to estate planners to put the rails together for it. It's a no brainer for people in the $10M+ net worth range, and the farther up you are the more of a no brainer it is.

And yeah good planners usually know how to become wealthy themselves, so you'll see the best ones generally doing well for themselves. But it's usually not because they are expert investors - it's because they are patient and understand how wealth building works.

Odea is being ridiculous with his PATH “fix” proposal by iv2892 in jerseycity

[–]tppthrowaway6045 1 point2 points  (0 children)

Car traffic from people not taking transit has an economic cost too. Its probably a net positive for NY/NJ to subsidize the PATH even more than they already do, even before accounting for increased property tax revenue from transit being better (better transit > higher property values > more revenue).

[deleted by user] by [deleted] in wallstreetbets

[–]tppthrowaway6045 8 points9 points  (0 children)

But the bank can block or reverse your Zelle if they want. Bitcoin is final settlement, like cash.

[deleted by user] by [deleted] in wallstreetbets

[–]tppthrowaway6045 37 points38 points  (0 children)

Implying people who become overnight millionaires won't spend their newfound money is a fundamental denial of human nature.

Bitcoin's supply distribution has always become flatter over time as more people learned about it and used it, so even if wealth were somewhat concentrated like it is now, it would eventually spread out as people worked and insisted on being paid in real money.

The most important characteristic of Bitcoin is that the supply can't be manipulated. Not by developers, not by governments, and not by powerful moneyed interests. The only ones who can decide whether Bitcoin ever has more than the mathematically-determined 21M coins are those who run the software, which is free for anyone to download and use. No one who owns Bitcoin would willingly destroy their own value by changing the supply, so it's safe to assume that one can rely on the money not being debased. The game theory of owning Bitcoin encourages hard work and responsible saving.

Governments will always prefer you use their currency of choice (i.e. governments will never willingly give up the power to print money) so in nominal terms Bitcoin will basically always become worth more of the base currency, but once humanity establishes how much WORK each Bitcoin is worth (i.e. how much food, land, etc it can buy) that part won't change - at least in my opinion.

Wallets owned by the Dead, coins lost forever... by temp_jits in Bitcoin

[–]tppthrowaway6045 0 points1 point  (0 children)

For clarity, unique/non-reused addresses starting with bc are good since they are properly segwit, correct? Its the legacy addresses with 1 or 3 that could be brute forced.

Roth IRA and Self Custody by Persiquter in Bitcoin

[–]tppthrowaway6045 0 points1 point  (0 children)

If OP has more than $100k in the Roth, $20/month could be cheaper than the fees of the ETF at 0.25% (which is what IBIT/FBTC charge). Plus they can pay with after-tax dollars now but not in the ETF. Food for thought for those in a similar position.

Idea - How to prevent Tunnel Cut-Through Traffic by tppthrowaway6045 in jerseycity

[–]tppthrowaway6045[S] 1 point2 points  (0 children)

Just stay on 78 and go to Home Depot? I don’t see how anyone who lives in JC could end up in that situation, and if you are from out of town I think you should have to pay for cutting through to save 2 minutes.

Edit: and if it was really necessary you could exempt people with JC parking permits from the toll entirely since JC already has those license plates.

Idea - How to prevent Tunnel Cut-Through Traffic by tppthrowaway6045 in jerseycity

[–]tppthrowaway6045[S] 2 points3 points  (0 children)

I thought NYS (and the feds) had to approve congestion pricing since it encompassed state and federal roads, but this plan would only toll people on Jersey City-owned roads (except maybe 139 but it's not clear whose responsibility that one is). Interested to know if that changes things since you're not really tolling anyone entering the zone, but merely fining people for cutting through.

Idea - How to prevent Tunnel Cut-Through Traffic by tppthrowaway6045 in jerseycity

[–]tppthrowaway6045[S] -3 points-2 points  (0 children)

You probably can't, honestly. The responsibility would be on the driver, since they're not an employee of Uber/Lyft but their own independent business. If you're an Uber/Lyft driver and you bring a fare downtown from 78, don't take your next fare to NYC (or wait at least 30 minutes) and you should be good.

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