Audio Intro to the blog

November update

I have been working on some other big projects, so I haven’t had much time to give attention to this blog. But there are a few news events I wanted to cover and some announcements to make.

First, I got news recently the 99 bitcoin faucet is shutting down. I haven’t used this faucet personally, but it is always alarming when a major player exits the game. It makes me a little worried the faucets I use may shut down in the future.

Next, it looks like coinbase is growing in users and may even be considering an IPO down the line. This is also exciting news, and definitely something to look ahead to.

Next, I am wrapping up my second book. You may have seen my first book Zero to Moon on payhip. Well I’m now offering two editions of the book, one is just ONE dollar. The other is also really cheap and INCLUDES questions to me, the author. So check it out. But also prepare to look at my next book where I tackle passive income!

Lastly, it's post-election season, so why not look at my politics blog? This is the other project taking up my time. It is libertarian leaning, so it should have some good crossover appeal.

Chatting with an Expert on Bitcoin

I recently started watching Andrew Hales's content, he is a very interesting guy and it interesting to see him talk to someone about Bitcoin. Everyday it seems, crpyto becomes more and more mainstream.

My New Wallet: Bitpay

My go-to wallet, multibit, has not seen an update in quite a while and is really out of date. So I needed a new wallet. Additionally, my go-to site for gift cards, egifter, needed a new method of payment for bitcoin. So I had to get a new wallet that supported invoice payments. This is where Bitpay comes in.

It is a pretty standard wallet with a few cool features. One, you can buy amazon gift cards directly on the wallet. This is a super nice addition. One of my least favorite aspects of spending bitcoin is just double checking you pasted the wallet address correctly. But with the payment system integrated into the wallet, it's not an issue. Additionally, the invoice system that bitpay supports is a big help in this regard as well.

Speaking of new things, I also have a new faucet I really like. You can claim every 30 minutes from a huge list of altcoins, it even sorts them for you by price, so you can claim the most valuable coin!

Even better, coins that have proof of stake are staked for you in your btcpop wallet! Definitely worth looking at. Check it out here!

For a last piece of news, I bought a mining contract on BTCpop.

On 4/28/2018 I paid 0.00032148 btc ( about 3 dollars) for a scrypt mining contract on BTCpop. As of 5/15/2018 I have earned LTC 0.00013965 or about two cents. So at this rate in 6.25 years it will be pure profit!

Actually, the situation is much worse than I originally thought. See the payout of this contract is dependant on the price of LTC. Each payout has a flat fee associated with it. If the value of the the crypto is less than the flat fee, you are paid nothing. So given the decreases in prices of cryptocurrency, my mining contract is now not paying out most of the time, so it looks like my return of capital will be even later than I had originally thought! Oh goodness.

Early September Round Up

As some of you may know, I used to write for Coinbuzz until the site kind of just stopped. Well, for the first time in years there is new content on the site! It looks like two articles were published this summer.

In other news, my bitcoin book is getting a little dated and may need a new edition. So I’m offering it for just 1 dollar! And when I publish a new edition, you get it free! So check it out here on payhip!

Buy Now

Here are some other recent-ish pieces of news:

Robert Kiyosaki Calls US Dollar Fake, Says Bitcoin Will Be Its Replacement

https://www.reddit.com/r/Bitcoin/comments/96phwr/robert_kiyosaki_calls_us_dollar_fake_says_bitcoin/?utm_source=reddit&utm_medium=usertext&utm_name=BitcoinAll&utm_content=t1_e426vvo

Here is a CPA firm that specializes in Cryptocurrency taxation!

https://www.camusocpa.com/the-definitive-guide-for-cryptocurrency-taxation/

Last, as I mentioned this this post….

Many mining websites are a scam, and it is just a matter of time for one of them to shut down. As I prepared this post, I checked on quite a few mining sites, and all of them were offline except this one. So I was a little bit surprised.

https://www.pro-miner.net/ref/r1EA5r

Be sure to check in soon, as I can’t imagine It will stay up too long.

Unsophisticated Investor

I saw this article linked on reddit recently, it looks like it is getting a lot of backlash. Now, I get why, but let me share a little representative of it.

I think this takes the Fed Chairs words slightly out of context. After all, unsophisticated has a technical meaning as well. A sophisticated investor or accredited investor is defined by the SEC as the following:

An accredited investor, in the context of a natural person,
includes anyone who:

earned income that exceeded $200,000 (or $300,000
together with a spouse) in each of the prior two years,
and reasonably expects the same for the
current year, OR
has a net worth over $1 million, either alone or
together with a spouse (excluding the value of the
person’s primary residence).

It isn’t necessarily a term to belittle people, it's just a statement of fact.

Here is some other news I was looking into this past week.

As you probably know, as an accountant and Crypto euthistist I always look for referencing to crypto in accounting publications, well here is the Journal of accountancy on crypto

And lastly, I’m considering a 2018 update to my ebook (which a copy provided FOC if anyone who bought the last edition). Let me know what you think!

Poly Math and Bitcoin Podcast

Here is some more slightly old news! As well as a funny video, enjoy!

https://www.cryptobasicpodcast.com/home/polymath

I ran into this interesting podcast. This is the only episode I have listened to so far. But it talks about a service called polymath, which seeks to solve some of the compliance issues associated with offering public securities.

As you may or may not know, there are a lot of rules. In fact, that is pretty much the purpose of the SEC. Anyways, this podcast explains all that background and is pretty interesting. I would definitely give it a listen.

One other item of news, John Mcafee was hospitalized.

https://www.independent.co.uk/life-style/gadgets-and-tech/news/john-mcafee-poisoned-hospital-bitcoin-twitter-cryptocurrency-north-carolina-a8412341.html

https://www.reddit.com/r/Bitcoin/comments/8xauph/went_cave_exploring_recently_and_i_think_i_found/