Search found 204 matches

by mnaspbh
Wed Sep 13, 2017 4:13 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 263
Views: 43528

Re: What is Bitcoin?

No cryptocurrency is required to make use of blockchain technology That's not true of Ethereum (it has a native ether currency) and I don't believe it is true of blockchain in general. I don't believe blockchain divorced from a native currency will ever work. The whole reason Bitcoin works is becau...
by mnaspbh
Tue Sep 12, 2017 7:43 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 263
Views: 43528

Re: What is Bitcoin?

Jamie Dimon doesn't seem to be fond of Bitcoin. JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he would fire any employee trading bitcoin for being “stupid.” The cryptocurrency “won’t end well,” he told an investor conference in New York on Tuesday, predicting it will eventually blow...
by mnaspbh
Tue Sep 12, 2017 4:08 pm
Forum: Personal Consumer Issues
Topic: Experian - credit freeze and credit card hacked
Replies: 11
Views: 2771

Re: Experian - credit freeze and credit card hacked

The "freeze" won't affect any malcontents who somehow got your charge card info and are trying to use it. It keeps people from opening new accounts in your name, etc., or stealing your personal ID info for other nefarious purposes. Freezing your credit does not stop identity thieves from stealing y...
by mnaspbh
Mon Sep 11, 2017 12:57 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard taxable account distributions
Replies: 2
Views: 648

Re: Vanguard taxable account distributions

I opened a taxable account at Vanguard and there's something I don't understand. I don't want distributions reinvested, so I selected this option when I opened the account. I'd rather take the distributions in cash, and maybe once a year I'll make another deposit this account if I have money availa...
by mnaspbh
Sun Sep 10, 2017 3:24 pm
Forum: Investing - Theory, News & General
Topic: Question on bubbles, stocks, etc.
Replies: 21
Views: 2698

Re: Question on bubbles, stocks, etc.

If you could buy pre-IPO shares during the dot-com bubble, 50x+ returns were theoretically possible (though of the several dozen people I know personally who got involved in those, only one sold before the crashes--the rest lost some to all of their investments, and the one who sold missed out on ov...
by mnaspbh
Sun Sep 10, 2017 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Alternatives to money market funds?
Replies: 8
Views: 1417

Re: Alternatives to money market funds?

I currently have savings of about $400,000 taxable in a Vanguard money market fund. It is intended as emergency money and will be tapped in a year or two to help pay for our daughter's college in addition to her 529. What are some other good alternatives to a traditional money market fund? I would ...
by mnaspbh
Sun Sep 10, 2017 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: How to buy a Bitcoin?
Replies: 29
Views: 3052

Re: How to buy a Bitcoin?

To hold bitcoins (or other cryptocurrencies), you need a wallet. You can host a wallet on your own computer, or at a third party. There are serious security risks for either choice; if you're well-versed in computer security, understand how to backup and restore a wallet's files, and fully trust the...
by mnaspbh
Sat Sep 09, 2017 11:55 pm
Forum: Investing - Theory, News & General
Topic: Question on bubbles, stocks, etc.
Replies: 21
Views: 2698

Re: Question on bubbles, stocks, etc.

How do you define "the beginning" of a bubble? Are you allowing for leverage, options trading, or short selling? If not, why not? What about multiple trades? Many bubbles get "frothy" before they burst, where an omniscient trader could make more through selling and buying back than just selling once...
by mnaspbh
Sat Sep 09, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 66178

Re: Equifax customer information leak

Security folks on Twitter are now reporting that the PINS Equifax has generated for its freezes are not random numbers but rather the date and time you requested a freeze. I checked mine from years ago, and it appears to be true. :oops: Wow. It's almost like they read a list of "top 10 boneheaded s...
by mnaspbh
Sat Sep 09, 2017 12:09 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 66178

Re: Equifax customer information leak

How does this affect one's routine purchases and opening new financial accounts? When do you "unfreeze"? You can use existing credit accounts normally. With frozen credit, you should not be able to open new financial accounts. When you need to open a new account, or a business needs to run a hard c...
by mnaspbh
Fri Sep 08, 2017 11:10 pm
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 131
Views: 13641

Re: [Bitcoin] question

So if 51% of the miners (by computer power) decide they'd rather see a different ledger and account balances they are free to create it? Frankly that doesn't sound very secure. At all... So I understnad it better now... it isnt some vote where 51% say this is good then we lack control and jsut have...
by mnaspbh
Fri Sep 08, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 66178

Re: Equifax says info stolen. What's my best course of action?

My worries go beyond credit though. Freezing credit reporting is straightforward. But if they have your name, address, data of birth, SSN, and DL#, I don't see how any of your bank and brokerage accounts are secure. This is exactly the information you have to give on the phone to transact business....
by mnaspbh
Fri Sep 08, 2017 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Instead of a credit freeze, I want to receive a phone call before credit is opened in my name.
Replies: 26
Views: 3326

Re: Instead of a credit freeze, I want to receive a phone call before credit is opened in my name.

FWIW, when you have a credit freeze you will get such calls when you unfreeze since they will call you at the number(s) listed... Not necessarily. I've had my credit reports frozen for several years, and whenever I've thawed them online I've received no phone calls or any other notifications that t...
by mnaspbh
Fri Sep 08, 2017 2:51 pm
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 131
Views: 13641

Re: If Ethereum was hacked then the creators edited the ledger, doesnt that mean...

So if 51% of the miners (by computer power) decide they'd rather see a different ledger and account balances they are free to create it? Frankly that doesn't sound very secure. At all... I don't have the exact numbers at hand, but it is not trivial to consolidate 51% of the bitcoin mining power. As...
by mnaspbh
Thu Sep 07, 2017 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 66178

Re: Equifax customer information leak

You don't need a police report to create a credit freeze. Police report might make it free, but if you are willing to pay, you should be able to get it. Brian Krebs describes it in this article https://krebsonsecurity.com/2015/11/report-everyone-should-get-a-security-freeze/ and in this one https:/...
by mnaspbh
Thu Sep 07, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 66178

Re: Equifax customer information leak

I wonder if those with frozen equifax accounts had their pin number (to unfreeze) compromised as well? They don't think so, but they don't know. I'm not filled with optimism, given that this is at least the third time in the last few years that Equifax has suffered a major data leak. But hey, if yo...
by mnaspbh
Thu Sep 07, 2017 6:16 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 20307

Re: Bitcoin in 3-fund indexed portfolio?

Hi all, Over time I've come to respect and value your collective knowledge and willingness to discuss and help each other understand stuff. Based on my poor (and likely flawed) understanding of the actual reasons behind the 3-fund portfolio or index investing in general, I want to discuss if Bitcoi...
by mnaspbh
Thu Sep 07, 2017 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 66178

Re: Equifax customer information leak

https://www.bloomberg.com/news/articles/2017-09-07/equifax-says-cyber-intrusion-affected-143-million-customers Equifax leaked a lot of personal information (Social Security numbers, birth dates, addresses and driver’s license numbers) between May and July 2017. I am planning on freezing my credit t...
by mnaspbh
Wed Sep 06, 2017 11:36 pm
Forum: Investing - Help with Personal Investments
Topic: Could Coinbase suffer the same fate as BTC-e?
Replies: 10
Views: 1436

Re: Could Coinbase suffer the same fate as BTC-e?

I was wondering if you think Coinbase could ever get ceased by the US government and if you think that's likely? Correct me if I'm wrong, but I think the deal with BTC-e was suspected money laundering. I ask because I'm weighing the potential risk of additional bitcoin investments. Nobody knows how...
by mnaspbh
Wed Sep 06, 2017 8:47 pm
Forum: Forum Issues and Administration
Topic: [Difficult to read replies to questions]
Replies: 11
Views: 2138

Re: [Difficult to read replies to questions]

I think the specific cause of the OP's issue is a font color difference. When you're logged in, the original post in a thread has a black header (#000000) and the font text is true black as well (#000000). The text in all replies is a dark gray instead (#333333). If one is not logged in, the origina...
by mnaspbh
Wed Sep 06, 2017 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Bought crypto currency
Replies: 67
Views: 5760

Re: Bought crypto currency

i share my findings caues im actually trying to CONTRIBUTE intellectually my findings and good information.... i am not doing it to seek validation from anyone . i am invested. Since you've done all of the research now, it would be helpful if you could share your findings instead of just telling ev...
by mnaspbh
Wed Sep 06, 2017 2:16 pm
Forum: Personal Consumer Issues
Topic: Credit card and now gmail hacked - what to do?
Replies: 8
Views: 1669

Re: Credit card and now gmail hacked - what to do?

I woke up this morning to find a large unauthorized purchase on my credit card. Called Fidelity, they said the retailer had already flagged and reversed it but they will be sending new cards. Then I log into my email and have 350 new emails starting at 1150pm last night and going until about 5am th...
by mnaspbh
Tue Sep 05, 2017 5:10 pm
Forum: Personal Consumer Issues
Topic: Perspective - Stretch Budget to Move to Large, Private Lot?
Replies: 13
Views: 1903

Re: Perspective - Stretch Budget to Move to Large, Private Lot?

A few things you didn't call out in your original post but that you may need to consider: Carrying costs. You'll have to live somewhere while your new house is being built. Unless you have hyper-efficient designers, architects, and construction companies in your area, budget at least 12-18 months of...
by mnaspbh
Mon Sep 04, 2017 5:22 pm
Forum: Investing - Theory, News & General
Topic: China drops the Hammer on Cryptocurrencies
Replies: 23
Views: 3868

Re: China drops the Hammer on Cryptocurrencies

China made a big move against cryptocurrencies by making ICOs illegal: China bans companies from raising money through ICOs, asks local regulators to inspect 60 major platforms China didn't "drop the hammer on cryptocurrencies". China just added temporary restrictions on ICOs. The cryptocurrency dr...
by mnaspbh
Fri Sep 01, 2017 11:14 pm
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 131
Views: 13641

Re: Bit Coin question

Anyone ever use localbitcoins.com? If I buy it in Taiwan, do you know if I can sell my bitcoin anywhere later or is limited to Taiwan users? I suggest you do a web search for that site, and read about all the people who got scammed using it. Even if the site is fully legitimate, it may be easy for ...
by mnaspbh
Fri Sep 01, 2017 5:29 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 263
Views: 43528

Re: What is Bitcoin?

If the LN protocol is not completed successfully, the inputs to the funding transaction can be spent more than once. See section 3.1.2 in the whitepaper. Other sources make informal claims that double-spending on LN is harder than double-spending on the main blockchain; I haven't found enough techn...
by mnaspbh
Thu Aug 31, 2017 11:53 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 263
Views: 43528

Re: What is Bitcoin?

The fees are as high as they need to be in order to make enough nodes willing to include the transaction in a block that can be validated in a reasonable amount of time (e.g., 30 minutes). If fees are too low, it's more profitable for miners to include fewer, or zero, transactions in a block, and t...
by mnaspbh
Thu Aug 31, 2017 11:26 pm
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 131
Views: 13641

Re: Bit Coin question

I found great quality posts from past... thanks for that however I would really appreciate my last question answered instead of searching books of past post or youtube links as it helps my understanding of this a lot. There are a lot of resources out there that claim to teach people how to mine bit...
by mnaspbh
Thu Aug 31, 2017 5:32 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 263
Views: 43528

Re: What is Bitcoin?

Here is something interesting called TenX . Not sure what it is, but it sounds like some kind of off-blockchain transaction system. Right now it supports Bitcoin, Etherium and Dash. TenX – Blockchain Payment Platform & Comit Network Token Sale? Is this trying to do the same thing as Lightning Netwo...
by mnaspbh
Thu Aug 31, 2017 4:20 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 263
Views: 43528

Re: What is Bitcoin?

That's all well and good, but it's small consolation for a victim who has to pay for a full blockchain-level transaction ($15+ at present) to get back what was supposed to be a microtransaction. I don't necessarily disagree with you, but there are a couple of things to consider: 1) fees at present ...
by mnaspbh
Thu Aug 31, 2017 2:12 am
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 131
Views: 13641

Re: Bit Coin question

About adding coins for math problems... so Im trying understand how this works. Where does one go attempt to solve that math problem? like say I wanted to try today... how would I start? Is there a site? Am I suppose to download the open source, and Im guessing itll evaluate the last bitcoin added ...
by mnaspbh
Wed Aug 30, 2017 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Tax and Trusts
Replies: 4
Views: 557

Re: Estate Tax and Trusts

My own situation is that I am well under the estate tax exemption today, but am optimistic about my future. I sometimes wonder if I should transfer assets to a trust to let them grow in the trust. The downside is annual tax complexity I would rather avoid. However, I think this is the secret to get...
by mnaspbh
Wed Aug 30, 2017 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: 5yrs until retiring. 30k lump sum to invest
Replies: 25
Views: 3325

Re: 5yrs until retiring. 30k lump sum to invest

Her income yearly is about $58,300 when including income tax and the money from the rental properties. Her expenses are about $68,700. However, at the beginning of next year her expenses will drop to about 55,190 annually. And of course they can go even lower than that, but that is an estimate acco...
by mnaspbh
Wed Aug 30, 2017 3:59 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 263
Views: 43528

Re: What is Bitcoin?

Did everyone watch the Poon & Dryja presentation on Lightning Network? Does anyone understand how it works? I have to say that they lost me when they got to 3-Party Payments, Hash-Locked Contracts, and then Hashed Time-Lock Contract. Apparently a time element is needed for LN to work. Also, if I un...
by mnaspbh
Tue Aug 29, 2017 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: High-Deductible Health Plan vs. Peace of Mind
Replies: 42
Views: 5379

Re: High-Deductible Health Plan vs. Peace of Mind

I would say my medical expenses per year are low. I get a check-up once per year, I go to the eye doctor once per year ($600 per visit), don't have any medications, and don't really make any specialist visits. That being said, I don't like the idea of having to pay $1500+ for a medical procedure to...
by mnaspbh
Tue Aug 29, 2017 2:57 pm
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 131
Views: 13641

Re: Bit Coin question

Would you say investing in bitcoins is about as risky as investing in the dollar? Given the dollar can be faked / replicated as well, it just depends on faith on the world adopting it or not? Investing in bitcoins is incredibly more risky than investing in dollars--unless you mean the Zimbabwe Doll...
by mnaspbh
Mon Aug 28, 2017 10:44 pm
Forum: Investing - Theory, News & General
Topic: Can stocks or Bitcoin drop to about zero?
Replies: 45
Views: 5034

Re: Can stocks or Bitcoin drop to about zero?

It is literally impossible to look at the blockchain and determine who owns what. That assertion is false. There has been a lot of work on de-anonymizing and identifying users of bitcoin through deep analyses of the blockchain. See this paper from 2016 that deanonymized several thousand users and a...
by mnaspbh
Mon Aug 28, 2017 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to doubt my index portfolio, will it at least get me 5% inflation adjusted over next two decades?
Replies: 34
Views: 4478

Re: Starting to doubt my index portfolio, will it at least get me 5% inflation adjusted over next two decades?

The answer to this is a resounding NO. The expected return for the portfolio might be 5% or even higher (even though I don't think so), but that won't get you "at least 5%". Although it may be confusing, you shouldn't expect the expected return. Alright, in that case this portfolio should be scrapp...
by mnaspbh
Mon Aug 28, 2017 6:07 pm
Forum: Investing - Theory, News & General
Topic: Can stocks or Bitcoin drop to about zero?
Replies: 45
Views: 5034

Re: Can stocks or Bitcoin drop to about zero?

I'd like to ask the experienced/knowledgeable members: 1. Is it possible for the following to loose 95-100% of their value in a single day? US stock index fund Stock of one well known company (like Apple, Google). Bitcoin (everything being fine/normal the previous day, i.e. no rumors in news, etc) ...
by mnaspbh
Mon Aug 28, 2017 2:53 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 263
Views: 43528

Re: What is Bitcoin?

I think Jadd806 sums it up quite well - "The people who are losing their shirt in crypto would do the same with stocks or the casino if crypto didn't exist." Looks like penny stocks and pump-and-dump to me. I'm not sure that the people who are piling into crypto would do the same with something els...
by mnaspbh
Mon Aug 28, 2017 2:22 pm
Forum: Personal Consumer Issues
Topic: Comcast got me over a barrel-Help
Replies: 23
Views: 2918

Re: Comcast got me over a barrel-Help

In some areas where there's no competition, Comcast will verify resident information before letting someone sign up as a new customer. If you and your DW's names are still the owners of your house, you won't get to bounce back and forth as "new" customers. I've also heard of them (sometimes) having ...
by mnaspbh
Sat Aug 26, 2017 5:42 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 263
Views: 43528

Re: What is Bitcoin?

Is one of the biggest risks government intervention? Some foreign governments have already outlawed cryptocurrencies. But does this mean that people in those countries can't/won't use it? I wonder if widespread use as an alternative currency in the us or the world will be enough to make it mainstre...
by mnaspbh
Sat Aug 26, 2017 2:57 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 263
Views: 43528

Re: What is Bitcoin?

The crazy thing is that many developers in the Bitcoin Core group believe that high fees are a feature, not a bug. The folks that wanted larger block size and lower fees already split off into Bitcoin Cash. Apparently some of the developers in Bitcoin Core actually want a smaller block size! I get ...
by mnaspbh
Thu Aug 24, 2017 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: "Bargain" house in HCOL area
Replies: 34
Views: 4393

Re: "Bargain" house in HCOL area

I'm betting "previous owners discovered house was built on an ancient Indian [sic] burial ground." Or maybe just a toxic landfill, pervasive radon problems, black mold in the walls, sinkholes/fault lines that render the property uninsurable, property-owner-hostile zoning, etc. In many HCOL areas, a ...
by mnaspbh
Thu Aug 24, 2017 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Obamacare even cheaper for millionaire early retirees
Replies: 22
Views: 8853

Re: Obamacare even cheaper for millionaire early retirees

Interesting article from the Retire Early Homepage. I retired earlier this year. DW and I decided to go on ObamaCare with a silver plan for 2017. This has worked out very well for us so far. After reading this article, maybe we will go with the bronze plan for 2018. According to the article, you ma...
by mnaspbh
Wed Aug 23, 2017 11:37 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 263
Views: 43528

Re: What is Bitcoin?

The Bitcoin Cash fork was done to increase the block size from 1 MB to 8 MB. It had the side effect of creating money from nothing. The more thought experiments I run, the more it seems that bitcoin has an unstable equilibrium that makes it ripe for a major crash. As difficulty increases (by design!...
by mnaspbh
Wed Aug 23, 2017 1:56 pm
Forum: Personal Consumer Issues
Topic: Experience finding gas pump card skimmer?
Replies: 46
Views: 5681

Re: Experience finding gas pump card skimmer?

If the skimming devices are installed "deep inside" that seems to me to indicate an inside job, thru the pump provider or the card reader provider. Who/how/when could an activity take place? Some skimmers can be inserted into the inner workings of the card reader from the outside, but I think it's ...
by mnaspbh
Wed Aug 23, 2017 1:25 pm
Forum: Personal Consumer Issues
Topic: Experience finding gas pump card skimmer?
Replies: 46
Views: 5681

Re: Experience finding gas pump card skimmer?

Skimmers are so sophisticated that it's getting very hard even for savvy users to spot them. Many are getting installed deep inside the card readers so there's little to no external sign--without disassembling the machine, you can't tell they're there. Needless to say, merchants won't appreciate con...
by mnaspbh
Tue Aug 22, 2017 2:02 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 263
Views: 43528

Re: What is Bitcoin?

The first day I am out $1,800 for the hardware plus $6.51 for electricity. I collected 0.00128829 BTC which is $5.20 After a month, spent $195.50 on electricity and collected 0.03864870 BTC, which is $155.97 This is still losing money because the difficulty is so high, and the electricity cost here...
by mnaspbh
Tue Aug 22, 2017 12:07 am
Forum: Personal Consumer Issues
Topic: "Forget Tough Passwords: New Guidelines Make It Simple"
Replies: 43
Views: 6906

Re: "Forget Tough Passwords: New Guidelines Make It Simple"

I've been helping a lot with deploying new smartphones or helping unlock ones staff have locked on accident the last few months. It has confirmed my old concerns about written down passwords. When I've asked staff to login on their Apple account or various other accounts they first look surprised, ...