Me! Oh, who am I kidding — I aspire to inconsistency! But hey, I’m here this early, right?
10K? Oh, EACH DAY, right. And in total?
Well, it’s not like you’ll NEED to work…
Having said that, I do now find myself with some actual dust — a few hundred sats in Badbank. Can’t mix it with anything else to move it, and not likely enough to cover the fees on its own. On day it’ll be a few hundred dollars-worth, though.
Now’s as good a time as any for any UTXO management you might want to do. However, I don’t buy into the line of thinking that says that in the future any UTXO < 1M sats will be dust — that seems patently ridiculous to me because when 1 BTC = $10M, then 1M sats will be $100K. Fees might rise, but in dollars, not sats. No, I’m driven by the thought that if transacting at today’s value scares the bejeezus out of me, then wondering if my change is going to the right address will damn near kill me in 10 years. I’d rather, in future, have to send several UTXOs to, say, buy a house than have enough change to buy a house when buying a coffee.
Think of it like going to the bank and taking out $1K — you might want 8 Benjamins, 2 Grants, 4 Jacksons and a couple of Hamiltons — you don’t want to break $100 to buy a coffee, but it’s fine to throw down a few $100s for a TV.
Binance accepts AED but doesn’t have a BTC/AED trading pair! Typical.
And the chart looks weird, which I guess might mean that liquidity is an issue. OK, so maybe it’s not a get Bitcoin-rich quick scheme. Shame. Could have sold X Bitcoin, bought back 1.35X, sold it, bought back 1.8225X, sold it, bought back 2.46X etc.
Ah, I’ve found the catch — Kraken won’t let me deposit AED!! 🤷🏼♂️
I suppose it’s possible I could incur tax. Any UK accounts out there? I believe that to sell something and by it back within 30 days or so is fine, but what if I go through an intermediate step?
Downloaded the app. Signing up. May try a small amount as a proof of concept.
According to a currency converter, the ratio of AED to USD, and the ratio of BTC to USD, the price of Bitcoin in AED should be 97632, but on Kraken, it’s 72227. That means I could sell all of my Bitcoin for GBP, convert to AED for near zero loss with my bank, then buy back 35% more Bitcoin with AED. Seems too good to be true. Why isn’t everyone doing that? What are the gotchas?
Doh! Receive -> Customize 🤦♂️
If that should happen to mean that I now qualify, where should I see the option?
Glad to hear it, but it seems that you working there is like Messi in a pub team.
Britain’s second largest city — Birmingham — has gone bankrupt. #BrokenMoney nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a
OK, I’m on page 64 now (I’ve been busy) and, well, you might mention this later, but the Hawala network seems a lot like the Bitcoin Lightning network.
It would presumably be pretty hard to do without the help of an exchange, unless when you say “money” you’re including stablecoins. Even then, you’d have to make sure they can only be purchased centrally from you or the exchange. Also, you’re not going to get someone who’s made a ton to give back their profits.
Honestly, I get the motivation, but I don’t think it’s workable.
100 years ago. Few learned. https://nostr.build/av/c35546f3bc53a7df03c39a4227c3038f05dc21c1a71115dbdd079967e1a8ce39.mov