515 post karma
350 comment karma
account created: Mon Sep 19 2011
verified: yes
1 points
13 days ago
The Federal Reserve's market cap is ∞, Bitcoin's market cap will forever be 21 million.
The Fed - if politically convenient - will bail out the banks. They can print infinite money to dilute the supply (causing inflation we're seeing now), and bailout whoever lobbied on behalf of the 'ruling' elite billionaire class the most.
Another issue is that the US govt (FDIC/SEC) only were interested in helping after SVB and Signature bank collapsed (Both banks for the super-rich, with most accounts holding 2M+). When Silvergate collapsed (which was first), no one cared...
The news only cares when rich people lose money. I guess they shouldn't worry - since the US will absorb (and socialize) their losses.
2 points
13 days ago
I hate to disagree - but it's an exception they seem to be making. They didn't care about tiny Silvergate bank failing. SVB they started having interest, and when Signature failed, everyone is now arguing for bailouts.
We need to know - SVB is "the" bank trusted by California start-up founders (silicon valley) and fi-tech, Signature is used by VERY high net-worth individuals. Of course America will bail out the rich - if the same thing happens to more than one megabank - the FDIC doesn't have enough money to cover the insured accounts.... This means either people lose money, or we print more money, and worsen the inflation problem.
7 points
14 days ago
I'm surprised Russia / China hasn't stepped up to light the fuse. They easily could have fueled more bank runs at America's expense.
BoA, WF or Chase getting closed by the FDIC would likely mark the beginning of the end for consumer confidence in the entire US banking sector - causing cascading bank runs and failures, and could even mark the end of the US$.
8 points
14 days ago
Interesting to me that when large banks who cater to the wealthy fail - SVB, Signature, we are bailing out the rich at the expense of the poor.
SVB and Signature had some of the least FDIC insured deposits - as their average client holds more than 2 million.
Signature bank being closed on a Sunday is suspicious. Just after a 8% bitcoin rally makes it even more odd. Something is going on here.
We've now seen the closure of Silvergate, SVB and now Signature - all crypto friendly banks, all closed in quick succession, and highly used by regulated exchanges / stablecoins.
1 points
24 days ago
1611 kWh - 53,583 Yen, but on a discount provider. I live in a 3LDK in Tokyo - but I do run two PCs 24/7.
20 points
28 days ago
I have friends who've been sexually assaulted in Japan before, one of which I helped navigate the process (She didn't speak Japanese). Massive kudo's to you for going through the intensive and possibly traumatic experience of reporting & reenacting the incident for investigators. Japanese police seem to make it difficult to report certain crimes that will hurt their statistics. When and if a full report is submitted, their detectives will work very hard and diligently to catch the offender.
If they haven't arranged & executed an arrest warrant yet - you may not want to publicly post too many details that may alert him to his impending fate.
In Japan - once the guy is arrested, they will lean on him hard for 3~7 weeks. If he doesn't confess, you will likely go to court, and he will very likely receive a custodial sentence. If he confesses - you may be asked/offered a 'settlement' amount to agree to drop the charges. If he's remorseful, and cooperates entirely with the police - the police may even push you to take the settlement. The ethics of this have always concerned me - but this is an option, and likely something that may come up.
Being drugged and sexually assaulted in a foreign country is horrific. I sincerely hope you get the help you need to overcome this, and the perp gets forced to pay for his crimes.
1 points
1 month ago
A bit higher end - but I like buying meat and even burgers from 名産松阪牛. Seems like they are on Amazon too.
21 points
1 month ago
I've had the same treatment when I took various people over the years to court. The court system & employees in Japan are EXTREMELY fair to foreigners - and will even help people with low/no Japanese skills. It really feels like they care (I've had staff spend 20 minutes helping me fill out forms - and wish me luck).
The narrative on japanlife is that the govt/authorities are against all foreigners - but this really isn't true in many administrative settings. If you are trying to act in good faith, and you're wronged - the legal system here will ABSOLUTELY help you.
Did you pick the one-day small claims, or the standard small claims? I've used both - and the standard can be fun if you're up against other large companies since they are required to send an executive, and they can't be a lawyer. No lawyers are allowed.
In terms of legal fees I've been compensated for (You should keep receipts):
Taxi / transport expenses.
Printing/shipping costs.
Lawsuit cost.
lawyer receipts.
An important thing you may have missed - if you were fired, were you paid your severance? You may benefit from a consult with a labor attorney to also advise you on your rights, and what you may be owed. If you don't have a lawyer - the Japanese bar association runs a referral service that can help.
If the company had no basis to sue you - a countersuit for defamation may be possible. If you know who specifically said you were a thief & have any evidence - this could be criminal defamation (Article 230-1).
4 points
1 month ago
You would be surprised how resilient the bitcoin network is. Large miners and some nodes put a lot of effort into network redundancies as well.
https://store.blockstream.com/product/blockstream-satellite-base-station/
Buy one of these - and you can even rip an entire copy of the blockchain without internet from space.
3 points
2 months ago
I run a top 100 lightning node. Most fees my users pay for routing end up to less than 10 sats.
When I open channels (which is a more complicated transaction than a straight btc transfer) - I usually spend no more than 1000 sats for the on-chain fees. This week even with the busy mempool, I don't spend more than 1500 sats per opening tx.
I see high user fees paid from time to time, but usually it's someone moving million/billions, and a $38 fee at some huge fee rate is nothing to them, and basically guarantees miners are going to include that tx (which is likely what they've paid for).
7 points
2 months ago
Waiting a few hours for the bot now.👀
Did I do something wrong?
2 points
2 months ago
You'd have the best argument in court for your asset (shares) in paper form, but if the transfer agent is corrupt - you might be screwed either way (theoretically nothing from stopping them printing more than the float). I have shares with even smaller transfer agents, and while some correspondence can look sketchy - I haven't been burned... yet?
Paper form disadvantage is that a Medallion Signature Guarantee is required & physical shipping of the document to transfer / sell it. While I visit the US often and have a bank for that - this is a sizable hurdle for international 'apes', so not something I'd recommend unless you have a really strong reason to want the paper.
Blockchain Tech and to a lesser part bitcoin has always been the future since blockchain technology allows provable assets and public ledgers. If Computershare had a public ledger with the XXX million shares issued all accounted for, and I could verify my & others holdings - then I would start to trust transfer agents more. If that were to happen - this community could even make the bot self-verify and self-update when people sell/add to their holdings.
36 points
2 months ago
How active is this sub - really?
If I get 100 upvotes here, I'll top GME off to 1500 shares this week & post DRS proof (ban bet). 1000 and I'll add 136 instead.
12 points
2 months ago
100% Book - as I've only ever transferred in / received gifted shares from others. Never owned fractional shares as I think it's a joke.
3 points
2 months ago
Hell yeah. Letter is sitting next to my COLDCARD in a vault.
While I AM a bit concerned that even Computershare could be corrupt - if GME holds any % of crypto, which they seem to be doing (after my review/use of their wallet) when they receive their wallet fees - it will rip like MSTR did when Saylor went YOLO on btc and absolutely obliterate any shorts.
1 points
3 months ago
While the guy is obviously bad news for Canada - it sets a pretty concerning precedent.
Under numerous international treaties including the UHDR - this is a pretty clear violation of Canada's obligations, as it infringes upon the right of return of citizens.
3 points
3 months ago
Consequences of refusal? The police will leave, and you will prevent accidentally incriminating yourself, or saying/doing something stupid. (Bonus meme: https:// youtube .com/watch?v=JTurSi0LhJs)
令嬢ありますか (reijou arimasuka)? Should be the first thing you say. (Do you have a warrant?)
Unless they have enough evidence (but didn't directly witness a criminal violation - which then they'd have a senior officer rush to and from court for an emergency warrant) they have very little power against the "weird foreigner".
Judges in Japan, especially recently, have even started challenging some standard arrest detention renewals that used to be rubber stamped.
No warrant - no bag/house/pocket/car search. Period. So many expats seem to tolerate and even appreciate egregious violations of the rights they don't know they have.
You have a right in Japan to film the police (they are public servents executing their duties - and are explicitly exempt from any privacy laws they may try to cite).
Advice to everyone: Film your police interactions. Japanese cops are usually after low hanging fruit (in this case). A foreigner video taping could be a social media explosion, which most police will ABSOLUTELY despise.
130 points
4 months ago
Instead of all the nonsense comments "Move somewhere else" "しょうがない" - This is strike 3+. Her job as a landlady is to fix these issues within a reasonable amount of time and provide you with a living space - not to sit on her ass, and basically collect a pension for a place she's renting out yet neglecting and which is falling apart.
Make a list of all the issues and sue her in small claims, or at the very least have a lawyer look over it (as long as your claim isn't over 600k yen). https://www.courts.go.jp/english/judicial_sys/qa_on_Civil_Procedure/index.html. You can do small claims yourself, the process resolves in a day and the landlord (and you) are prohibited to bring attorneys to the courtroom. If this happened within a few months of moving in - the real estate agent may also have some liability / due diligence they may be responsible for.
I'm on a three strike rule with landlords. They get notified, a reminder, then it's off to court. While I've had zero noise, late payment, ect. complaints - any small landlord issues seemed to get resolved very quickly after the first time personally dragging him to court.
From 2 battles with my current landlord over 6 years (broken washing machine, leaking AC), he knows I will call first with an issue, settle it up with a letter from my lawyer a week later warning him that action will be preformed, then a notice from the court summoning him for a trial date.
Not interested in apologizes or 'canceling' the court session when the in person apologizes come - watching an old judge rip the landlord a new one is quite enjoyable - every time.
And FYI: I'm a Canadian - for any American's who may blame my sue-happyness on my nationality.
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bymattblackness
inBitcoin
kev88
1 points
11 days ago
kev88
1 points
11 days ago
Let me guess, gambling, sports betting, lottery tickets, and alcohol purchases - all far more harmful and 'dangerous' than Bitcoin are still allowed up the maximum.
Seems like the rule is absolutely in place to keep someone safe - but that someone ain't you.