Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7496. (Read 26724301 times)

You know what that means? Means your credit score is higher than their scale goes.

Thinking about changing to linux soon. -ish. Before the next windows version, at the latest. Long time e-friend nerd recommended linux mint. Looks user friendly. Anyone using it? Can recommend/not recommend?

a while back at a bank they wanted to do a "financial wellness score." whatev. so one question was "what do you think your credit score is?" my answer: i dont care. they were kinda put off.. like what if you need a loan. i told them i will pay cash for whatever i need a loan for. as i DONT do debt.

they were not really impressed. kept telling me i may need it. i just told them i dont play that game any more. i live within my means and plan accordingly.

Apart from CNC G code,
writing those batch file thingies that fire up one's shitcoin miner are about the extent of my brilliant coding career.
You can laugh at me though.
I wont get indignant....

Thats what the smart gambler does.

Yeah. That's why you bet an amount you can afford to lose, wait for it to double, withdraw the initial... and then just let it ride.

Not your keys, we've had this conversation. don't come crying here when...

Its an entire generation of script kiddies that are called programmers. Pretty disgusting actually. I have a nephew who does "penetration testing" and thought writing a batch file was machine coding. He was telling me how the guy who is his direct supervisor codes in machine language which I of course laughed at him and he got all indignant and it turns out the guy writes batch files. Lol

How sad.

I would have even given him a pass if it was assembler.

Good discussion...
When you feel burned out, it most definitely means that something has to change.
I am only 9 years into my second career cycle. So far so good, but who knows how long that feeling would last.
Having bitcoin as a 'hobby' certainly helped as it makes things interesting, especially when I had to learn a thing or two about it.

One point regarding drawn-downs: I cannot imagine myself stopping accumulation and starting a strict draw-down. I think this would make me feeling empty and/or exposed.
Spending from IRA just does not feel right and I am not even talking about selling btc for spending. It would be difficult to overcome the hodling philosophy.

@jbreher and @JJG were [having a] discussion spending $92K from a $2.3mil account as an exercise, 4% yearly and all...
That's all peachy, unless either $ value significantly declines or, alternatively, market would not appreciate for, say, 20-30 years.
Then, all money is gone in 25 years, someone is a 90 year old man (if you start at 65) in relative poverty (if social programs collapse or become highly insufficient).
I tend to believe that 4% is hogwash and recent events show that we don't know what to expect down the pike.
It is probably wise to have some residence paid out by 65; at least take this part of the equation out.

Regarding yearly withdraws: 3% sounds much more realistic, at least I use this number for calculations.


Interestingly, blockchain.com (the one that used to be blockchain.info) says that it would pay YOU 4.5% on btc in their custody account.
Not sure whether it is in btc or in fiat. Seems to be a better deal, not sure what conditions are, though.

You can use your BTC stash as collateral for a 5% interest rate personal loan - borrow $10,000 with $40,000 of BTC
Celsius.network

I've earned interest with them for a year now, a good business.

This is why I never got into the field. It was obvious what it had become and what kind of people I would have to be dealing with. Even had a teacher say that people like me were born 20 years too late.

Used to be you knew the people in your bank and they knew you. No need for arcane scoring systems.

"geranium, citrusy bergamot, and cedar absolutes juxtaposed with Damask rose and ambrette seed"

jeezus christ! wtf is that crazy gooper lady shoving up her stinky pink anyway?

 I wonder... or is it perhaps because they said "No" to the mirror too many days in a row and failed to do something about it?  I'm pretty certain that the world didn't need a twat scented candle.
Also, I wonder if old Steve had asked himself, 'If today were the last day of my life, would I want to do what I am about to do today?' before walking to the mirror if he could have achieved so much more with all that extra time?

 edit: added a link in case the world really does need that twat scented candle.

https://medium.com/swlh/the-greatest-capitalist-scam-of-the-century-why-credit-scores-are-screwing-us-all-over-7f6b607e745d


That's the gist of it.
I learned many years ago after going bankrupt (entirely my fault, young and stupid) you have to play the credit game
correctly and follow the mostly unwritten rules he spells out.
I did that and over the years since my bankruptcy my credit score is virtually perfect now... 830 or something. I don't really care tbh.
I only know that, not because I check it (I don't, that's bad for credit score) but when re-upping my last car lease,
the salesperson mentioned he never sees folks come in with perfect credit scores.

True. But the actual work of one's career can also change drastically over time, to become much less meaningful.

For example, when I first got into IT programming in the mid 90's, the work was actually very meaningful and fun. We were building business software applications from complete scratch, and there was a sense of passion, creativity and analysis in what I was doing day to day. Programmers could use their brains to bang out code to build custom use cases and custom UIs, were respected and revered, and got paid accordingly for their creative analysis and technical knowledge.

By the time I got out of that career in the 2010's, IT programmers were reduced to simply integrating off-the-shelf, expensive closed-source software into existing business environments. They essentially became glorified software "babysitters", having to spend their days trying to integrate and debug software that was poorly-written by someone else, often with poor performance, poor configuration, archaic APIs, missing or incomplete documentation, lack of expertise, etc. And these software integrations were often initiated under ridiculous time schedules and low/inadequate budgets, with use-case and performance expectations that could not be met in the time allotted. Or ever. It became soul-crushing work, and I started having bouts of anxiety and depression that I never had in the beginning of my IT career.

What the IT career became in the end, was not something I had signed up for in the beginning. So I got out.

https://libertystreeteconomics.newyorkfed.org/2020/06/bitcoin-is-not-a-new-type-of-money.html

Good afternoon WO!
Observing @ $9,246
Two weeks break was worth it. Now back to home.

How are we all? Nothing changed for Bitcoin as I see.

I need a summary @JSRAW 🤪

Someone please inform the IRS

Complete bullshit. If they classified it as fiat money, then the IRS wouldn't need to tax it.