Recent content by pnosker

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    OT: Bitcoins / Other Crypto Currencies for Dummies

    Yes, but my cost basis was low since I mined early. Generally it's hard to track if someone mined, and profitability is usually just above zero and the real gains are due to price increases/capital gains, which the IRS is now extremely competent at figuring out. They have some very sophisticated...
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    OT: Bitcoins / Other Crypto Currencies for Dummies

    Mining is taxed as usual income (you can write off mining equipment and energy) with profits taxed as the coins are mined. You pay the additional price change difference in taxes if you have gains post-mining income.
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    OT: Bitcoins / Other Crypto Currencies for Dummies

    I think a lot of these questions don't yet have answers. There hasn't been an outright leader (bitcoin has been dominant, though) that's the clear best solution. Ultimately, I see one to a few "reserve" currencies that are tied strongly to some other resource (Bitcoin is tied to energy cost, for...
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    OT: Bitcoins / Other Crypto Currencies for Dummies

    Controlling implies continued control. The code was created in 2009 and is locked. There can be small subtle changes, but they aren't done by the creator, it's done by consensus of the public miners and developers. The main deal is that there is a prespecified inflation and dilution rate and...
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    OT: Bitcoins / Other Crypto Currencies for Dummies

    I can see a valuation near the gold market cap + us and eur m1/m2 blended cap... Somewhere between $300k-1.5m per BTC. That's a few years out at the least. Short term, I can see $30k within a year and $100k within three. People don't seem to realize there's a lot going on in the background...
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    OT: Bitcoins / Other Crypto Currencies for Dummies

    No it wasn't. I don't remember a crypto ad, but that's pretty neat. I plan on running a billboard for VeriCoin sometime this year in Manhattan.
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    OT: Bitcoins / Other Crypto Currencies for Dummies

    I think they all do, but ripple specifically has an enormous supply and is probably quite overvalued in comparison to Bitcoin. As for others, I think Litecoin and Ethereum will always have a spot at the table. The rest are a true gamble. Bitcoin Cash/Bcash will probably always be around, too...
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    OT: Bitcoins / Other Crypto Currencies for Dummies

    I keep the majority of my coins on a Trezor device. I have two with the same seed key just to be extra safe. I think hardware wallets (trezor and ledger at least) are fairly easy to use and are a lot simpler than paper. Government regulation is certainly a major overhang, but as you said, what...
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    OT: Bitcoins / Other Crypto Currencies for Dummies

    Also if anyone is truly interested, I'm happy to chat. I've been around crypto since mining in my Rockoff Hall apartment in 2009 and created two crypto currencies while getting my PhD at Rutgers-- VeriCoin and Verium. Been around the block for a long time and happy to share my experiences...
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    OT: Bitcoins / Other Crypto Currencies for Dummies

    Binance is hot and new but with little reputation. Poloniex and Bittrex are the two big US-based ones, Poloniex was created by a RU Alum.
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    OT: Is anyone else having problems with AIM?

    Not sure if serious, but if so: AIM is shut down for good
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    OT: NAS/personal cloud for a home media server & Plex or Kodi?

    I bought a used HP DL165 G7 server on eBay for $150-- has two 12 core AMD Opteron 6172 processors and 48 gb of ram. I threw 3 8tb drives in and run FreeNAS with Plex on top of it. It's great! Uses ~130 watts idle and ~180 watts when transcoding from 4k to 1080p.
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    OT: RU Dance Marathon

    Kudos to you for raising funds so early. It still seems weird to me, the whole "whole 12 hours" thing-- back in my day it was 32. Lol. I guess I'm old. Send me a message after Jan 1 (next tax year) and I'll donate. I was a former dancer, capt, and AD. Happy to help a DM brother out.
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    Free tickets to RU@MD

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    42 Years Ago Today - The Most Controversial Rutgers Game Ever Played

    Ah yes, Chi Psi has a large chunk. I wonder which other fraternities do too.
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