22 Burst results for "Ten Bitcoins"

"ten bitcoins" Discussed on What Bitcoin Did

What Bitcoin Did

04:41 min | Last month

"ten bitcoins" Discussed on What Bitcoin Did

"Say hold on if you will if you're using an exchange and your trader and you're putting money in out constantly 'cause you constantly maybe Funding your accountant and withdrawing so every time we're going to talk about the bank. Secrecy act the institutions. Because this is the kicker but it's the final point this is where it gets complicated but yes so transaction with cash is relatively clear but you can still get tripped up and hey they're not looking too closely but digital assets. It's a lot different. Some people say oh we just won't do transactions over ten thousand dollars. No any transactions within twenty four hours from the same party count related ones over longer periods of time. So if you're if you're thinking about a business dealing with this for restriction what procedures are they going to have to put in place any transaction could end up being a reportable transaction because it could add up over time they could end up being related streaming sets podcasts. How do you know which sat so. Come from which person and when you've triggered that ten thousand what about hold on so it has to be the The bitcoin the value the bitcoin at the time in dollar terms. Yeah yeah but that changes all the time. Let's say i lend you Ten bitcoin and you pay me back. Certain rate it's on me. Look we're reading into the statue. Dispatch doesn't make sense but under the obvious reading of it. It's the valuation at the time received. So yeah you gotta keep track and let's say every ten days it adds up to ten thousand dollars. It depends on the valuation over time. We haven't even talked about weird things. I t's right digital assets anything counts. How do you value something. Sometimes it's easy sometimes. It's not but yes look. Let's say you paid in bitcoin per day when that triggers the ten thousand dollar limit completely depends on this extremely for bitcoin and nfc is subjective. Value okay okay. What other parts of this. 'cause you said there were five okay..

nfc
"ten bitcoins" Discussed on The Breakdown with NLW

The Breakdown with NLW

03:14 min | 2 months ago

"ten bitcoins" Discussed on The Breakdown with NLW

"For day to day transactions and there has been much more of a spotlight on lightning since september seventh when in addition to it being my birthday el salvador put into practice. It's bitcoin law from a couple of years ago when lightning was still just an experimental technology to now when an entire sovereign country is effectively running on the lightning network. It's a pretty remarkable shift and watching. The capacity of the lightning network grow is an extremely important part of how much that's going to be able to scale another. Bitcoin number that i think is notable thirteen point nine percent of supply. That's how much bitcoin minnows. Between minnows being holders who hold less than ten bitcoin hold now bitcoin. Minnows have historically accelerated their holdings accelerated the percentage of the overall bitcoin market. That they hold after corrections. You see this in two thousand thirteen twenty seventeen and it has happened again this year. That thirteen point nine percent of supply represents an increase over the last few months. We talk a lot about whales and we also talk about the smallholders. So it's interesting to see how these sort of medium sized bitcoin holders which represent i gotta imagine a lot of the folks listening to this show actually hold another bitcoin number. That i like is fourteen point. Four three million that's the illiquid supply of bitcoin. That means coins that are not in a liquid state. I cannot be sold with a click. And it's the most illiquid supply of all time because it's more liquid right now than even the december twenty eighteen bottom illiquidity in. Bitcoin is a sign of conviction on the part of hodler's and so to see it now at this incredibly high number even though we're in the midst of what is undeniable. Run is very very encouraging to see one last encouraging one on the bitcoin front sixty eight percent. That's how much hash rate has recovered. Since the bottom. Since the china mining ban when the china mining ban happened i we all kind of brushed it away. We thought that it would be nothing. Just another bluster. From china reinforcing previous positions but then the vice premier of the ccp got involved and it was very clear it sent a very clear signal to the rest of markets. This time it was for real over the next few weeks hash rate crash by about fifty percent half of the bitcoin. Networks hash rate went off line as china-based minors scurried to figure out..

el salvador hodler china ccp
"ten bitcoins" Discussed on Wall Street Breakfast

Wall Street Breakfast

02:52 min | 2 months ago

"ten bitcoins" Discussed on Wall Street Breakfast

"Daily source of market news and analysis subscribed to this podcast on apple. Podcasts google podcasts. Spotify and stitcher good morning. Today is tuesday september fourteenth. I'm pimm fox. Our top stories include democrats released their plan for proposed tax increases an update on inflation and billionaire. Steve cohen gets radical those stories and more. But first let's get you caught up on markets. Us stock futures are higher with snp dow and nasdaq one hundred futures. Up as much as two tenths of a percent the yield on the benchmark ten year. Us treasury note ticked up to one point. Three four percent from one point three two percent on monday overseas the stocks europe six hundred is unchanged while in china. The shanghai composite fell more than one percent. Hong kong's hang seng index also declined more than one percent. Though in south korea and japan shares added roughly one percent brent crude is up seven tenths of a percent to seventy three dollars. Ninety eight cents. A barrel gold is unchanged at seventeen hundred and eighty nine dollars an ounce. The dollar is slightly weaker against the euro at one eighteen and steady against the yen at one ten. Bitcoin is trading at just under forty. Six thousand dollars a gain of one and a half percent now. Our top stories house. Democrats presented a plan that would increase the top corporate tax rate to twenty six and a half percent from twenty one percent would also impose a three percentage points surtax on people making over five million dollars and raise capital gains taxes but without the changes in taxation at death that was sought by the biden administration. Democrats plan a committee. Vote this week on the proposals. Which would generate more than two trillion dollars that would go toward expanding medicare increasing renewable energy tax breaks and creating a national pay leave program among other items but there's opposition from both sides of the aisle. Senator joe mentioned democrat from west. Virginia has called for a smaller tax increase while republicans are expected to present unanimous opposition to the proposal which would reverse many of the gop tax cuts from twenty seventeen at eight thirty am eastern. We'll get consumer price changes for august. Economists estimate of five point four percent increase in august from a year earlier. That's the same annual rate as in june and july. it's the highest since two thousand eight. The so-called core price index which excludes food and energy likely climbed four point two percent from a year earlier details could potentially set the tone for the market before next week's fed meeting billionaire. Steven cohen is set to invest in a new crypto currency trading firm..

pimm fox Us treasury Steve cohen biden administration Bitcoin south korea shanghai
"ten bitcoins" Discussed on Animal Spirits Podcast

Animal Spirits Podcast

05:09 min | 3 months ago

"ten bitcoins" Discussed on Animal Spirits Podcast

"Bitcoin and he see that collateral claps fifty percent think about it like using leverage or securities backed loan in a traditional brokerage account. If the security is at you're holding decline in value at a certain point you're going to get a margin call from your broker. We do the same thing at blocked by the vast majority of our customers. When they get these warnings margin call notifications they deposit more collateral which most of them can do straight from their interest account. Because if you have someone. Let's say with ten bitcoin. The most common behavior we see is not that they use all tin big point as collateral for a loan. Borrow the maximum amount of cash that they can. They'll use five of the bitcoin furlough so then a margin call rolls around and it's like okay. Oh to sweep a little bit of bitcoin out of the interest down and over to being collateral for the loan and in fact our system can do that for them automatically and other folks choose to pay down the loan either using the collateral or cash on our platform for cash from outside our platform and then the smallest subset of folks but this does happen to our liquidated they don't take either one of those actions their loan. Ltv become so healthy that we trip max. Ltv thresholds in our system will automatically sell some not all but some of the bitcoin is being used as collateral. Sell it. turn it into cash. Use that cash to pay down. The loan ballots this one of the coolest things about crypto. I think those triggers that get hit. Do you think it's necessary to shake some leverage out of the system every once in a while just to keep people honest because that's what it seems like happen like you said a lot of these selling that just cascades itself. It just sort of happens quickly because it's the most rules based that a good thing for the long term. I think it's a good thing in terms of proving the integrity in resiliency of the system especially after last march when traditional markets required substantial intervention. We had those days. Last march when america was digesting the covert news where it was like stock market would open three minutes in or shut down to volatility. Turn it off circuit. Breakers crypto market. Doesn't have that. And it's proven now. Multiple times that without these traditional markets safeguards and circuit breakers that it can continue functioning and i think for certain market participants that is a feature not a bug now for other market participants. You could say that the bug side of this is that there are rapid bouts of volatility which trigger liquidations in you have to have maybe a higher level of personal responsibility than what you do in traditional markets because crypto runs twenty four seven and the liquidation engine on block fi on these other platforms is gonna run sunday two. Am and you might be sleeping and so you have to manage your positions on your leverage. Ratios very thoughtfully more so than maybe in the traditional mark in that would potentially be the knock on it. But i see something. That's incredibly battle-tested. At this point so two questions one. How much time do you give your clients respond before things liquidated. And where's the where you go from like cool too dangerous to like your past the how much leverage before you just wipe them out. We're offering dramatically less leverage. And in fact we're not even offering margin trading on our platform. It's really more of a. the analogy. Is like a securities backed loves. The biggest difference is with margin trading. You put fifty bucks in an account. You could trade a hundred or one hundred fifty dollars worth of stocks with that fifty dollars of equity in the crypto context. You put fifty dollars on an account. You potentially trade five thousand dollars with one hundred x leverage on an offshore exchange or a thousand dollars with twenty x leverage now on an offshore exchange on blog. five it operates on a ltv loan value ratio. So let's say you had fifty dollars worth of bickering. The max you could borrow. Initially as a fifty percents. Ltv meaning half of that value. So you could borrow twenty five dollars secured by fifty dollars worth of bitcoin. So that would translate. If you're doing it in leveraged terms it would be like point five x leverage and then as that. Ltv goes up because prices are falling at sixty percents. Ltv you get warning at a seventy percents. Ltv you get a margin call which has a seventy two hour window that it can be cured and at an eighty percents. Ltv locked by has the ability to automatically liquidate a portion of the collateral to pay download. Any other interesting tidbits from flows or new accounting to give specific numbers of. You can't do that. But during this crash were people putting money back instill people still investing people cutting back what happened. In terms of flows into crypto. I think blocked by platform is a little bit biased towards higher net worth americans that are allocating to the asset class and a lot of times thinking long term. And so we've seen net inflows a net buying of crypto on our platform throughout and that's accelerated.

Ltv america ltv
"ten bitcoins" Discussed on The Pomp Podcast

The Pomp Podcast

04:49 min | 4 months ago

"ten bitcoins" Discussed on The Pomp Podcast

"It looks like wales those who own a thousand or more. Bitcoin have dropped off. Dramatically from a percentage standpoint. Maybe around thirty five forty percent. Now they represent about twenty five percent of the supply in the same vein. Publicly-held entities have increased dramatically. And so minnows right. Those who own less than ten. Bitcoin how do you think about supply distribution in general and like its impact on long term price. Yes great question Like when you like you said when you look at this plotted out. What you see is we'll get retail. Compared to overall circulating supply overtime the portion that they hold goes up and then wales overtime distribution so that that's a good thing in terms of like the supply distribution with healthy. Because you don't want obviously a lot of supply held in the hands of the few on you know for private purposes mostly because you know a large buyers can just dump it will and they have you know stronger. Control over over the price at least in the short term Until you like seeing that seeing that distribution overtime in in my opinion is going to kinda coincide with some kind of stability and price. Because you have that more. Even distribution so people don't have as much individual effect on the market. I guess yeah. And i guess so. Part of that is obviously from publicly. Held then these right which we can go back and forth on whether they should be considered whales or not but how do you think about their impact on the supply right. So they could. I guess do similar. That could act in a similar nature as wales. but how do you think that they More of them getting involved long term impacts the price. Yeah i guess it depends on the structure like when you will agree. Scale grace scales use pretty much been a black hole images take coins in. They haven't moved any and they sell them further to percents but in general they're just a black hole coins But then you have the purpose. Etf and you know those coins can move in and out you know because it's acting out. So yeah i guess it just depends on the entity also like you know. We're we're looking at these. these large wail entities. But a lot of times these are representative of a bunch of small buyers. So like you know the entities for exchanges right that that We're looking at these. Are actually holding quincy for tens of millions or in some cases like you combined hundreds of millions of people and so yeah. It's like one entity on the blockchain. But when you actually like break that down you know it's way more Small guys that are making up that that one large entity that's identified unchain. It's like yeah like there's some limitations to like the accuracy of this completely like in terms of you know we obviously don't know how many distance are on exchanges and like the exact so like supply distribution on exchanges. So like i think it should just be taken with a grain of salt. I guess the information and just knowing that like we do have that Helping distribution over time although like the numbers aren't perfectly accurate because of that directionally. I think it's a good sign. Jon we got for us..

wales Bitcoin quincy Jon
"ten bitcoins" Discussed on What Goes Up

What Goes Up

06:01 min | 4 months ago

"ten bitcoins" Discussed on What Goes Up

"Any literally. The regulator says the firm. You're buying we are going to make them into nonprofits. Meaning they're not gonna pay a dividend and they're not allowed to mega-profit but somehow you still want to become a shareholder that's good. That's a good. Oh and that's a crazy one. I'll give you guys mine. Listeners know i like the alternative assets and the alternative the asset class the better. So i bring to an auction. That's going to happen next month. In great britain there are auctioning off one slice of wedding cake from the wedding of prince charles and princess diana forty years ago. Someone that's still available. Yes so one saved one piece of wedding cake. I'll just and i hate to say to you guys. Play prices right with me now here. I'm gonna ask you each what you think the expected bidders for this piece of wedding cake put those quotes skills to work. Jason and it's ice ice came from there. Actually twenty three as far as supply goes there were twenty. Three official wedding cakes for that wedding. Pretty amazing happened almost forty years ago. Exactly july nineteen eighty-one fishers marzipan base and a sugar on lake coat of arms colored in gold red blue and silver on top It was given to of the household servants of the green mother and she kept this thing all these years so it has auction yet. So who knows what the actual price will be. But what do you guys think to two part question again. Start with you yee what you think that the expected bidders for this in british pounds and second part is would you take a taste of this wedding cake. I was trying to say ten bitcoin since we are talking about alternative assets we can't do the conversion to the british pounds. No and no. I won't take a bite on the by the cake. Smart bitcoins that puts it up. Close to forty thousand dollars to thirty thousand british pounds jason. How about you you over under that. Oh i think he said ten bitcoin that three hundred three hundred thousand towns. You know being from boston. Or i tracking tom brady's progressive. He's gone to a different city. Now i know his His rookie his rookie card. The fed something like one point three million class got auction. It's it's not the only league car left in the world. Unlike this piece of wedding cake rise. I gotta i gotta say the wedding cake scott if something that just say one point five million pounds. How's that what is that expensive. I'm not going to take a bite. I i will say it's dominic winter auctioneers. Imagine they would like both of you to to be bidding in this auction because this is the surprising. Low value offer only five hundred pounds. I think to go. We're gonna. We're gonna have to check back on this in august when it actually goes is. I think it's going to go for a lot more than five hundred pounds. I might buy this thing myself. I think they're way off in their expected. Bid on that. Maybe that's a way to drum up interest and get bidding on it but a similar piece of cake sold in nineteen nineteen ninety eight. I think right. After princess. Diana died for one hundred fifty thousand pal so a depreciating asset wedding wedding differentiating. The only question i have is how do they. I'll send take the cake. How do you vary from the wedding. While they have. It's come through some kind of documentation. I'd have to look up the story but there is the servant who collected it was given to her. I think has just leftovers icaria. You want some cake. And she knew that this might be worth a few bucks away. And she wrote on top of it wedding cake from princess diana. So there's some kind of these auction houses are good at authenticating this stuff. I'm not. I'm not sure how it'd be a pretty good scam to have a forty year old piece of wedding cake. Not actually they somehow turned into an nf t it might be worth even more right right and nfc. Is someone actually eating thing and then you saw that for. You might get you for that. But we'll see i'm gonna check back because i think you guys were in the right direction. I think it's going to go a lot more than what they expected. Right because people pay crazy money for crazy things is. that's that's the lesson of this segment. I i really enjoyed this conversation. Jason sue thank you both for your time jason. I know it's early where you are. So thank you for getting up early for us and Absolutely.

princess diana prince charles dominic winter britain Jason tom brady jason fed boston scott Diana nfc Jason sue
"ten bitcoins" Discussed on Technology Untangled

Technology Untangled

02:00 min | 6 months ago

"ten bitcoins" Discussed on Technology Untangled

"Thanks the perfect storm of slain. You saw big marketing budgets and elon musk's tweets blockchain has been hyped beyond belief. And it's also been made more complicated than it leads to be. More i could up angolan go. My name's ingram go. I'm senior vice. President and chief technology officer for a special intelligence at hewlett packard enterprise. So first question. What exactly is a blockchain. Let's start with a public blockchain first. Let's use an example of a analogy of a of a ring binder. You've got this notebook with many blank pages bound by a ring ring binder on page one the record number of transactions. You know. maybe. Jim pays john two bitcoins and sarah pays jim ten bitcoins and so on and so on then on the next page You have the same again. Set of transactions being written down on it and the knicks page and then expansion so on so if if you imagine each page is a block and all the pages of bound by the ring bind up being the chain. You actually have a a blockchain there right. So that's what blockchain is except for the fact that in a public blockchain this ledger or this record. Write this chain of pages. Chain of blocks is digital and is distributed to everyone publicly equally publicly with no central custodian. Why you want to use a blockchain. There are two major reasons. Why you want us a blockchain right first and foremost this when you wanna keep record of an entire sequence of transactions especially if you want to go all the way to genesis the beginning and secondly you won that record to be transparent that is you want the decentralize it by distributing copies of the same sequence records to everyone equally with no central custodian

Jim sixty two thousand each block more than ten years Twelve thirteen each page first question two points jim page one two bitcoins sarah john hewlett packard enterprise Monica two major reasons two thousand nine fifty bitcoins ten bitcoins
Blockchain: What Is It Good For?

Technology Untangled

02:00 min | 6 months ago

Blockchain: What Is It Good For?

"Thanks the perfect storm of slain. You saw big marketing budgets and elon musk's tweets blockchain has been hyped beyond belief. And it's also been made more complicated than it leads to be. More i could up angolan go. My name's ingram go. I'm senior vice. President and chief technology officer for a special intelligence at hewlett packard enterprise. So first question. What exactly is a blockchain. Let's start with a public blockchain first. Let's use an example of a analogy of a of a ring binder. You've got this notebook with many blank pages bound by a ring ring binder on page one the record number of transactions. You know. maybe. Jim pays john two bitcoins and sarah pays jim ten bitcoins and so on and so on then on the next page You have the same again. Set of transactions being written down on it and the knicks page and then expansion so on so if if you imagine each page is a block and all the pages of bound by the ring bind up being the chain. You actually have a a blockchain there right. So that's what blockchain is except for the fact that in a public blockchain this ledger or this record. Write this chain of pages. Chain of blocks is digital and is distributed to everyone publicly equally publicly with no central custodian. Why you want to use a blockchain. There are two major reasons. Why you want us a blockchain right first and foremost this when you wanna keep record of an entire sequence of transactions especially if you want to go all the way to genesis the beginning and secondly you won that record to be transparent that is you want the decentralize it by distributing copies of the same sequence records to everyone equally with no central custodian

Elon Musk Bitcoins Sarah Pays Jim Ingram Hewlett Packard Blockchain Knicks JIM John Genesis
"ten bitcoins" Discussed on THE RAYHART RUNDOWN

THE RAYHART RUNDOWN

01:45 min | 7 months ago

"ten bitcoins" Discussed on THE RAYHART RUNDOWN

"Well right now just you and your hand so exactly that. Or to be a qr linking to the video of his conception. I'm just kidding or joking. That'd be the other thing is you. Don't be good. You'll be good it would be to tattoo Like a hugh our code or like the first everything but the last four digits of a bank account yeah and then when he turns eighteen when he turns eighteen he goes why. What are have this chat. Why don't have this weird tattoo. Why don't have like one of these slyke. Oh look at that. Why would you fuck. Qr code would trust wallet. who slide. You've got ten bitcoin yet. it's like. Oh i got twelve numbers written on my you know underarm wise. It's weird like a bar code and it's like well it is but if you add zero zero zero one hit your bank account and here's the money we put in there and good luck kid get. I'll now get out of my hell. That might be kinda cool and not encouraging anyone to chat to children by any stretch of the imagination to say that. Can you see. I've always wanted to cure tattoo code. Maybe a qr code tattoo. I do a lot about that. Fucking do it. But what if it doesn't work Well hold on first of all you test before you tattoo it like you. Whatever is your tattoo artist. Fox it gave you gather shitty are shitty tattoo artist. What are you doing now. Don't clearly you've seen my tattoos. Allied so like what if your tattoo artists like sneezes halfway through yes exactly the..

I Cant Afford One Bitcoin! What Can I Do?

Speaking of Bitcoin

06:33 min | 9 months ago

I Cant Afford One Bitcoin! What Can I Do?

"Bitcoin is hot. Stop amidst this current bull market. We've seen a rush of new users who like most new users have no what's going on and one question of particular comes up a whole lot that i wanted to talk about today. What do i do if i can't afford one bitcoin. I'm adam levine and this is speaking of bit point. Today's always i'm joined by the other host of the show. Andreas 'em and operas. Hello stephanie murphy. I am jonathan mahan. Hey thanks to all the hosts into you listener for sitting on today's session. So i was talking to some people new to the cryptocurrency space last week and they were talking about what they were looking at making the first coins and they said that bitcoin just cost too much that it was too expensive that even if they agreed with all of the fundamental values the changes that will happen in the world. How bitcoin is a hedge for that and that bitcoin was going to. Let's say three x or five x in the next ten years and they saw that is real that they just didn't feel like transferring their wealth into something that they would never have one that they would never have one bitcoin that even if they spent a decade doing everything they could they would only ever have less than one bitcoin as a failure state as something that like emotionally. They couldn't get past. And i started thinking about myself when i was in college. I learning about bitcoin. And honestly i don't know if bitcoin had hit thirty or forty thousand dollars instead of dollar if i could have seen it as something that i wanted to get into just because of that mountain cliff of believing in something but then feeling like a failure. Because you don't even have quote unquote one of it. What do you guys think about that. What do you think people should be thinking about when it comes to that. I think that's an important psychological marker that people check in with when they're thinking about do i wanna buy this. How much does it cost to buy. One of this thing and i mean the real solution to that is to reframe. You're thinking there's other units to measure bitcoin in lots of wallets denominate their balances in mila. Bits now which is one thousandth of a bitcoin and you can change that in the settings and so you know if you could afford one million. Bitcoin would you by that. What about wants to toshi. The units are actually quite arbitrary. And it doesn't help that. The news and everything reports the price in terms of one bitcoin but that is also kind of helpful for a very long term perspective to see that it went from being worth nothing up to you know nearly fifty thousand dollars. There's other things that exhibit similar behavior for example. Some stocks have extremely high unit prices. And of course you can buy fractions of them berkshire. Hathaway is a famous example of that other things that have this kind of tendency. Are things like precious metals. You know you don't say well. I'm not gonna invest in gold because i can't afford a whole kilogram bar. Well yeah i mean. You can't but that doesn't mean that you can't get an airing. It's still gold is just a different value. And the unifies works both ways so for example instead of saying why can't afford a bitcoin but i can't afford a bit which is millions of a bitcoin. You can't afford a bit and that has a nice name. It's not merely bitcoin. Which kind of makes it sounds like a bitcoin with too many feet. That's a bad greek joke. It's not a unit that has no relationship you could also just measuring soto. She's because we all know of course are the standard as i keep getting reminded and you could choose any arbitrary unit but you can also go the other way right. You could redefined for example. Ten bitcoin as a chad hike. Very few people can really afford to buy a whole chad. But could i buy one tenth of a chat of bitcoin or desi chavez. I prefer to call it it. Oh all of these things are completely arbitrary and you can torment yourself on way or rejoice the out there in a completely arbitrary way and this is the key here arbitrary. It's not rational to focus. On any specific unit and we have a word for things that humans do the deviate from rationality or norm and those are called cognitive by and this particular thing is called unit bias. It's of well known cognitive bias and is studied in psychology from a number of different perspectives. It's not just the. I want to own one bitcoin. It's also the if you give me a twenty four ounce cup of soda. I'm going to drink the whole thing. Just because it comes in that size even though i may be only wanted half of it or if you create a heaping plate of french fries or if you give me a giant bag of doritos i'm gonna finish everything. Unit biases be studied a lot in terms of portions for eating. Because it actually one of the things that drives a number of eating disorders because it's a cognitive bias. It's a bug in your ability to think rationally about certain situations and that bug can lead to behavior that is against your own self interest and so this is a normal thing to have unit bias and sometimes says expresses itself in hilarious ways like for example to jonathan's example of people saying well. I can't buy a whole bitcoin. you get the opposite. Which is people who bought into dosage and are looking at it at six cents going. Yeah we can get it to a dollar dollar while allowing me to answer that watson dollar. What you don't understand dear sir is that there are one hundred twenty nine does and they are produced at a rate of what is it. One point four million a day and so to get does to a dollar. It's total market capitalization would have to reach a hundred and thirty five billion dollars or basically where a theorem walls last week. Now i don't know how you measure the utility of does and even if you think cerium is shit. Coin will not that bad

Bitcoin Stephanie Murphy Jonathan Mahan Adam Levine Andreas Toshi Desi Chavez Hathaway Berkshire Jonathan Watson
How Hackers Hold Schools for Ransom

Slate's If Then

15:24 min | 1 year ago

How Hackers Hold Schools for Ransom

"To try to put the attack on jessica school context. We reached out to dave bertie. He covers cybersecurity for the wall street journal. And he's been writing about this uptick in ransomware attacks across the digital world. There's been an explosion of ransomware this year. It's an increasingly common way. for attackers. to target businesses healthcare organizations nonprofits or as the case may be schools in the reason. Why is just because. It's an effective business tactic if you encrypt in organizations data. That's basically what they need to function particularly in a digital environment. So as you've had a business or school that have moved more remote learning. That sort of expands. The opportunities to take advantage are there demonstrably more attacks on schools this year. Are we just aware of them. Will the first thing that's always important to point out here is that it's hard if not impossible to count the dogs that don't bark there have been probably about three hundred fifty or more. Cyber incidents reported across the united states this year in schools in schools and others probably a few dozen have been ransomware but that said those are only incidents that have been publicly reported so in many cases schools. They don't wanna take the pr hit an embarrassing situation. They don't want people to know. They paid off a criminal group to get their systems up and running. They might just keep that on the dl and not notify anyone. Even though schools aren't the richest targets around one of the reasons that hackers focus on them is that unlike big businesses. They often aren't equipped to defend themselves. We have seen attackers really zero win. On some of these districts may or may not have built out. It departments in many cases in addition to them being sort of under funded over the course of years their it departments. The also had these really really insane strange just put on them so the coronavirus remote learning getting kids up and running with their chromebooks. Or what have you so. There's really a lot of moving parts here. And i think criminals are smart enough to take advantage of them. So yeah is there just sort of like a handful of people who are in charge in your typical school district of distributing the chromebooks and also guarding against malware. I mean i would say the vast majority of school districts they don't have dedicated cybersecurity professionals even in most districts aside from the larger ones. You don't have that much of a built out. it staff. I talked to the chief information. Security officer of seattle public. School district is a very large school district in the grand scheme of things the only have eighteen. It people for that entire district of that team. Only two of them are dedicated on cybersecurity. So when you're in a position where you are suddenly thrust into remote learning environment and you need to get tens of thousands of devices online with seattle. I think it was fifty three thousand devices for students alone. I mean you really spread thin across a very big network of devices and potential threats. The threat of ransomware attacks has extended to fertility clinics and company providing software for one of the covid vaccine. Trials and the human consequences can be harrowing. There was an incident in germany where a hospital was targeted with ransomware. And as a result of that who is actually in an ambulance on her way to the hospital had to be diverted into another facility about thirty minutes farther away and this wounded women ended up dying. She didn't get care especially needed to get so german. Prosecutors basically tried to connect those dots they were asking the question can we show in a legal way. Causation between these attackers can we show causation. That they actually causes woman's death and ended the day they couldn't it was more of a correlation not causation situation. And i think that was the closest that we've come collectively to getting to a point where we're saying. Oh there's actually a cyber attack that has taken someone's life Let's walk through how this happens. Let's say you are a school administrator or hospital. it percent what do you notice. I will typically you know if if you really if something's wrong with your laptop and you really need to get to work you'll call the. It guy you'll always it guy and you'll say hey what's up with my laptop. I can't log into my email. Then typically they'll run through some scans and see that something's wrong with the system. They'll eventually get some sort of communication from one of these ransom. Learn groups saying. Hey we're here we've gotten into your system. We've locked up your data and we want x. Number of bitcoin in response. So that's really when it sort of gets this point where a school or business has to decide okay. Are we going to alert law enforcement. Are we going to call an outside forensics firm to try to understand what happened. Have we backed up all of our data within our system. And how quickly will be able to get that back. Do we want to pay this ransom payment. Like is the tradeoff. Good enough for us to do that. So there's a lot of moving parts that a lot of Businesses or schools or hospitals have to evaluate is all as happens the baltimore schools. Where just by works. They shut everything down. They sort of put everything on pause for a couple of days. Is that standard. Yeah i can typically standard. I talked with a school district in southern california. A administrator notices email was down the. It guys said it's ransomware for sure. So they physically went to every device in their school district. So we're talking about a school district of six thousand kids. Went every room went to all of their offices. Disabled unplugged device in that entire school district. And that's that's one way you know sort of a crude way of trying to limit the spread of of these things and then obviously on the back end when all these problems need to go through each and every one of those devices can them makes your their clean. Get them back online. What how often do victims turn to outside help whether that's law enforcement or whether that is digital forensics company to help them abc's extremely common there is entire ecosystem cybersecurity firms specialized in this sort of work. So you have a forensic firm that might come in to try to understand. Hey this is exactly how they got in to your computer system. This is exactly the type of software that they're using. This is exactly the type of data that they took from your system. In addition to that you have other groups. That are adept at negotiating. They actually talk to these groups. They have long term relationships in some cases with many of these groups and they say we can talk them down from ten bitcoin to five bitcoin. Whatever whatever the the number is the so it is sort of an emerging field just within cybersecurity as this is becoming a bigger and bigger problem. How much money are we generally talking about. Because my husband actually just how to ransomware attack on his nonprofit theater company and the attackers were asking for fifteen hundred dollars in bitcoin and eventually they said you know what we're not gonna pay them. We have the backed up data but they did have this moment of thinking in the scheme of our business. It's not that much money like. Are we talking about people who are shooting for big amounts or you know are they targeting twenty five different places for relatively gettable sums across the security community. It's broadly understood that ransom demands are basically going up. The trend line is pointing upward. But it can vary between in the thousands of dollars like as as a case with with your husband. But if you're getting to a larger corporation you have some people who specialized in this area saying that ransom demands could be ten million twenty million dollars. Well so i mean. Obviously attackers are smart enough to know they're not going to go with to attend with a ten million dollar demand to a school district. That certainly can't pay that in. That would make it an easy decision for them. They're they're trying to find like the right price point as well where they can have some sort of a six rate. Do school districts do hospitals. Do these places tend to pay. It really varies. It depends on what type of data has been encrypted. It depends whether those school districts have backed up their data beforehand which would make sort of rebooting the system much easier but what is almost always true. Is that school very cagey about saying whether they paid. No one wants to say that. They paid off a hacker that they gave someone from a country in the side of the other side of the world. A million bucks get their systems online. It's a very difficult. Pr situation for any organization or school to tiptoe around because it says what your system is rable and that you're willing to pay or that you just were bad cybersecurity. I mean all of the above. And i think one of the sort of broader questions that the entire cyber community is really wrestling with is. Should you pay broadly speaking. Are we incentivizing hackers to keep taking advantage of schools or keep taking advantage of businesses if they keep on paying and i understand that argument completely. It's it's very straightforward point of view on the other hand. If your business is offline for two weeks or a month or if your schools taken off line paying off might be the better option to you if it means basically losing all of your customers or you know having kids go out of school for a month or so. Dave says it's a bit of a vicious cycle vulnerable systems plus a willingness to pay tends to lead to more attacks but the victims are only half of the equation. The other half the perpetrators behind that screen demanding. Bitcoin are part of a criminal industry. That is surprisingly organized. One of the interesting things that cyber security researchers really say is these groups oftentimes act almost as corporate entities. They're very professional. They have partnerships between groups at times they subcontract to specialists within the hacking profession. If they have you know someone who's particularly adept at getting into a system. They'll go to that person to try to launch their attack. So you'd really do have this sort of our in de element almost a within the hacking community when it when it comes to them trying to hone their craft and zero win an exactly the right targets when people are negotiating or even having a conversation with. The attackers are to be trusted. Like you know are. Are you gonna trustees folks if they say like okay. Pay us are fifteen hundred bucks in bitcoin. And actually you're going to get your data back or is that a terrible idea. You would think that criminals are not to be trusted in. Obviously they're they're not But at the end of the day these groups are also playing a long game when it comes to their business and they have as i said a reporter with some of these negotiators that work with businesses and schools. If they don't pay if they don't decryption data after you pay them money. Those negotiators will know for their subsequent clients and they will know to not advise clients in the future to pay. So you had this weird dynamic that develops were. The groups are actually like worried about their sort of like brand in some respects. That's completely fascinating. Yeah it's totally wild thing and one lawyer who works in a lot of these investigations like re recently told me we don't wanna get to the level buber comparing it to customer service. But they're like definitely getting to a point where once you pay up in some cases they're trying to be helpful so that in the future they're known as sort of an honest broker while attacks may be more. Frequent ransomware isn't new like with so many other things cove it just accelerated existing trent so we have just seen a growth in the amount of ransomware with some of these criminal groups that have been long established in countries around the world just gravitating toward an effective tool that they're using so when you talk to cybersecurity researchers who follow this closely attribution is very difficult but they tend to say that the countries in which these types of groups operate our might might be the ones that you tend to think of korea iran china countries in the soviet bloc or central asia countries that may tend to look away when cyber criminal groups within their own borders launch an attack on a us business and do foreign governments step in or they unhelpful. I think it's safe to say that the the reason why a lot of this activity oftentimes stems from those countries is because the government's take a more lax approach some of this hacking particularly if it's sort of geared at the united states the. Us government recently has tried to warn businesses against paying somewhere demands. They basically have looked at those states. In particular places like north korea and iran and they've issued warnings to companies saying. Hey if you're targeted by ransomware think twice about paying anyone who is affiliated with someone who sanctioned from those countries. You could violate sanction rules by actually paying up this ransomware. I was really struck by that. Yeah the treasury department was basically sort of saying. Gee even if you're a victim you might be maybe committing a crime here if you pay up. What was their reasoning. Their i mean. I think goes to that discussion that i was mentioning earlier about how we're creating a market for ransomware essentially and i think it's it makes sense to the. Us government's official policy as we shouldn't pay people on our sanction lists and create this market. That said if a company that employs ten thousand or twenty thousand americans has to choose between paying one of these things or laying people off. I mean that's a much different conversation. Be curious to see whether people in law enforcement federal regulators etcetera might take sort of a case by case approach to actually enforcing that sort of thing. I'm trying to figure out where all of this goes. As we maybe move to a post pandemic world Obviously people are gonna still do lots of stuff online. And that's not something. That's going away. But i wonder if you think we are going to keep seeing this increase in ransomware attacks or if this is maybe a bit of a bubble wrought by the pandemic. I think it's probably safe to assume that it will continue increasing. You will still have these criminal groups that make tens of millions of dollars per year doing this stuff who will continue to innovate continue to look for new ways to go after businesses. Continue to do that. Research and development that we mentioned earlier so. I think it's safe to say that. None of that's going to stop

Dave Bertie Seattle The Wall Street Journal Jessica United States Southern California Germany Baltimore ABC Bitcoin Wrestling Dave Korea Iran Central Asia
"ten bitcoins" Discussed on The Trader Cobb Crypto Podcast

The Trader Cobb Crypto Podcast

04:51 min | 1 year ago

"ten bitcoins" Discussed on The Trader Cobb Crypto Podcast

"Tonight's looking good today is looking good bitcoin play the game yesterday it pushed onto <hes> another daily high pushed higher trendies day we grinding why? ? Grind Grind Grind, , is what we? ? Currently. . Doing and look I tell you what? ? It's <hes>. . It really does look could. . Let me visit numbers? ? We got two, , thousand, , one, , hundred, , seventeen, all , thereabouts <unk> thereabouts that he's effectively a <hes>. . A point of resistance that was a support level that I raised my orders to buy Bitcoin <unk>. . It's come back up towards it tapped on. . Yesterday, , it just tapped a little tap tap tap. . TAP. . Aroo. . And now. . I'd love to say that level guy we get through that level and we stopped to get a lot more going on a lot more interest and bitcoin will the news that's coming at continues to be stronger and stronger and stronger we currently from those lives that we saw. . In the full which happened to be nine eight to one way up twelve point, , two, , five percent from those lows. . So the last three days have been pretty pretty conscious nothing major nothing major but let's get back to <hes> I. . Think it was Monday Monday. . Will we all right now we're up nearly seven percent. . Or thirty seven percent thus far <hes> actually the best way to do that it's just a little weekly six point six percent the guy. . And this off the weekly. . So I just gotTa plant in the minute now, , willy pushed through today will we see bitcoin pulled back a little bit and give us that or low on the high timeframes twelve-hour will the daily before we go through? ? That's the probability that I'm waiting to save plays at a couple of tries came out yesterday that was one on that was one K B while. . X which is perpetual. . Okay. . B. p. e. <hes> <unk>. . By Doing the thing that look right now <hes> you know. . BITCOIN's momentum guards at starting to look a little bit dangerous. . He smashes through that resistance plays going the whole of the top ten is lit up wrought now and looks superb arts bitcoin eleven thousand and thirteen dollars a half percent to die look yesterday. . Let's not forget what Adidas I did go all the way out one point six percent closing at ten, , thousand, , nine, , hundred, , fifty, five, , , loy eleven, , thousand theorems pretty <unk> a pretty good. . Push out of the Guy Fawkes up three point seven six. . Now, , we're only one hour into the trading day and the three seventy nine, , point six, three , yesterday was flat and do anything except pay another one stop it's pushed hard full percent at twenty five point, six , cents we sitting at right now starting to see that momentum increase once again, , mole bullishness coming across these top ten bitcoin cash yesterday was damn point three percent today currently up two percent to thirty fuss what seven zero locking up three percent today. . Yesterday. . It was down one point one percent. . It's at forty nine dollars and twenty three cents vase at one point four, , three percents still one of the most ugly shots in the top ten. . The, , right. . No data bats up one point four percent at one, , sixty, , five, , forty, , four. . Donna closing in at ten sent me was down yesterday was only down one point seven percent today so far up two point, , five percent bonds had bullish cattle in the cradle <unk> dot closing. . It's broken the high of that now that doesn't mean tried to vital to me right now. . <hes>. . It just means it's done something. . It's I didn't get along on that tried to it because it wasn't there. There . was low a high hall I don't play that game. . Ply The guy, , <unk> a tried trend. . The trend wasn't set. We . currently twenty dollars twenty one, , one, , point, nine , percent on the day. . Saifi ails would. . Up One point two percent rejected the lows yesterday at one stage the law two, , dollars fifty, , seven, , a closet toodle seventy one, , point three, , it's up two percent of the minute. . Two hundred seventy six is what you WANNA theory else full length is up three point five, six , percent off the being down one point out yesterday <hes> we are eleven and twelve cents holding again above that ten dollars, , he's a story of the day thus far. . Off Donald, , my scans Adema scans across the markets that I like to try. . On the full list full scan, it's , Now seeing green lit up everywhere at the moment really really is a positive looking <hes> stopped to the dialogue full of so other continues to kick on. . But if you look at the daily shots, , there is a potential for lot of these dialing shots to have a high low in a bitcoins already continued movie it's dominated. . than any of the others as far as moving. Hi, . , this way cerium look give if we can get above three ninety point seven, one, , , the high blood of high lows, , but they'll be. . Then we'll have an uptrend

Bitcoin Donna Guy Fawkes willy
Today Cryptotraders Could Be Busy

The Trader Cobb Crypto Podcast

04:51 min | 1 year ago

Today Cryptotraders Could Be Busy

"Tonight's looking good today is looking good bitcoin play the game yesterday it pushed onto another daily high pushed higher trendies day we grinding why? Grind Grind Grind, is what we? Currently. Doing and look I tell you what? It's It really does look could. Let me visit numbers? We got two, thousand, one, hundred, seventeen, all thereabouts thereabouts that he's effectively a A point of resistance that was a support level that I raised my orders to buy Bitcoin It's come back up towards it tapped on. Yesterday, it just tapped a little tap tap tap. TAP. Aroo. And now. I'd love to say that level guy we get through that level and we stopped to get a lot more going on a lot more interest and bitcoin will the news that's coming at continues to be stronger and stronger and stronger we currently from those lives that we saw. In the full which happened to be nine eight to one way up twelve point, two, five percent from those lows. So the last three days have been pretty pretty conscious nothing major nothing major but let's get back to I. Think it was Monday Monday. Will we all right now we're up nearly seven percent. Or thirty seven percent thus far actually the best way to do that it's just a little weekly six point six percent the guy. And this off the weekly. So I just gotTa plant in the minute now, willy pushed through today will we see bitcoin pulled back a little bit and give us that or low on the high timeframes twelve-hour will the daily before we go through? That's the probability that I'm waiting to save plays at a couple of tries came out yesterday that was one on that was one K B while. X which is perpetual. Okay. B. p. e. By Doing the thing that look right now you know. BITCOIN's momentum guards at starting to look a little bit dangerous. He smashes through that resistance plays going the whole of the top ten is lit up wrought now and looks superb arts bitcoin eleven thousand and thirteen dollars a half percent to die look yesterday. Let's not forget what Adidas I did go all the way out one point six percent closing at ten, thousand, nine, hundred, fifty, five, loy eleven, thousand theorems pretty a pretty good. Push out of the Guy Fawkes up three point seven six. Now, we're only one hour into the trading day and the three seventy nine, point six, three yesterday was flat and do anything except pay another one stop it's pushed hard full percent at twenty five point, six cents we sitting at right now starting to see that momentum increase once again, mole bullishness coming across these top ten bitcoin cash yesterday was damn point three percent today currently up two percent to thirty fuss what seven zero locking up three percent today. Yesterday. It was down one point one percent. It's at forty nine dollars and twenty three cents vase at one point four, three percents still one of the most ugly shots in the top ten. The, right. No data bats up one point four percent at one, sixty, five, forty, four. Donna closing in at ten sent me was down yesterday was only down one point seven percent today so far up two point, five percent bonds had bullish cattle in the cradle dot closing. It's broken the high of that now that doesn't mean tried to vital to me right now. It just means it's done something. It's I didn't get along on that tried to it because it wasn't there. There was low a high hall I don't play that game. Ply The guy, a tried trend. The trend wasn't set. We currently twenty dollars twenty one, one, point, nine percent on the day. Saifi ails would. Up One point two percent rejected the lows yesterday at one stage the law two, dollars fifty, seven, a closet toodle seventy one, point three, it's up two percent of the minute. Two hundred seventy six is what you WANNA theory else full length is up three point five, six percent off the being down one point out yesterday we are eleven and twelve cents holding again above that ten dollars, he's a story of the day thus far. Off Donald, my scans Adema scans across the markets that I like to try. On the full list full scan, it's Now seeing green lit up everywhere at the moment really really is a positive looking stopped to the dialogue full of so other continues to kick on. But if you look at the daily shots, there is a potential for lot of these dialing shots to have a high low in a bitcoins already continued movie it's dominated. than any of the others as far as moving. Hi, this way cerium look give if we can get above three ninety point seven, one, the high blood of high lows, but they'll be. Then we'll have an uptrend

Bitcoin Guy Fawkes Donna Willy Donald Trump
"ten bitcoins" Discussed on Heartland Newsfeed Radio Network

Heartland Newsfeed Radio Network

02:05 min | 1 year ago

"ten bitcoins" Discussed on Heartland Newsfeed Radio Network

"GimMe Gimme Foam, solution I'll have done it for one I know, right? Yeah I might do it for. Her. I said I, said the the stripper thing would probably a better choice than gorging. However, many hotdogs sounds like it'd be a lot less a lot more comfortable. I would agree Jason thanks very much for the interest. That was a good one man. Reward of ten bitcoins, the competition is going to be fierce in yeah so you would have to wait wait, so you would have to win the competition, yes. I mean that was. That was a core part. I mean it's a competition. So how does that affect your decision Coenen? Rather take your chances with the poll or with the hotdog. And how are you graded? Is it on ability and or is it looks and or just they'll probably be a lot of categories, right? Let's ask Jason. Jason Are you still with us. Can You answer that question? I'm still here. How well it's going to be how you know. hotdog eating contest is very clear either winners don't based on the count, but what stripper it would have to be based on the crowd. You know the crowd. Right okay crabs loading so. This is, that works best. Rainy tent with the brass is an pork fast or the porcupine freedom festival. Oh, I imagine that crossover date. Right that you have where most people. Pence. I know, but there's the cross. They're not gonNA have a stripper contest at the PORCUPINE Freedom Festival. That's not gonNA. The schedule on. It's a family friendly event, and so the odds that they're going to be bringing anything like that around. Of friendly event are very very low. It matters because I would get a much better reception at fork. Fast doing a strip tease than I would porcupine freedom festival. You know what I think about it that this July fourth is the traditional date, and isn't that the end the forecast? It would be July fourth hotdog eating contest in the early afternoon followed by the damn forty. Whatever you do strip strip stuff at the end. Jason Thank you so much for the call Conan. Any final thoughts.

PORCUPINE Freedom Festival Jason Conan
Crypto Market Run!

The Trader Cobb Crypto Podcast

05:10 min | 1 year ago

Crypto Market Run!

"Well? Look, let's talk about that. On the daily we sing bitcoin this way. Just the first things first last week we were up one point four five percent the week before we will down ten percents, so we've bounced back a little bit. Bickering is still very much in crab might. There's a potential highlight if we can push if we get the high low sort of eighty-six twenty-five, but only confirmed for can break above nine, nine six nine point five. So a little bit they still do and it's been lagging quite a bit. From the rest of the top ten bitcoin bitcoins whiting bonding, it's a very big pumps going on some very strong moves in Dade that have been moving along actually wrote an article today on Mickey Dot Com dot a U. If you want to go, have read of that as to how I think we may see how bitcoin could potentially bright ten thousand without having new market participation. and. That's the back of the profits of people. Hopefully we'll look to bank in the ultimate. They've had so bitcoin right now. It's up one point. Two seven percent yesterday was down two point, six nine percent, and just sort of waddling along still. A theory of very nice move over the weekend we saw it up on Saturday ten point, five nine percent, and also the yesterday down five point one currently up four percent at two hundred forty dollars and fifty eight cents. Now a theory did give some phenomenal cradled trades back on was that there was on the Friday I. The twenty ninth of May cracking tried their very good run, and some very good profit have been banked. It's a great trend right now. That perk contract is is really really strong. The daily now has a high alone is pushed to a high high, definitely waiting to trade their automatics. I'll tell you what we're about twenty cents. Where at twenty point four? Yesterday would down. It was down two point four five percent today currently at twenty four set up one point two percent. Not really the best daily is really being slow. Old X.. Pay of life late gets moving. On. BITCOIN cash Saturday up six percent Sunday down five and a half currently at one point six percent up. WHO's sitting at two hundred, forty, three, hundred twenty five cents. As fate and daily chat waddling along the way came up seven down five point eight today. At one point, four seven percent of one ninety four dot, it I'd like. Coin is a daily uptrend. Does look quite nice. The problem that I've got is that. Time from our stalking on the. For cradle. It's a bit big for me right now. The weekend, however well, what did it do? It had a cracking day on Saturday seven point three five percent up. Pulled Sunday down four point five. As save up one point seven percent now forty six does that he hadn't. Done too much those how brief run like Donna! And a Theorem of one point six percent, a great for our cradle on the weekend Moi goodness. Bama, but Madura had a great day, so it doesn't matter to me. Okay so set it up six percent Sunday down three point six six today up one point five six two dollars seventy warm bonds. It's a trend now. Because Saturday's move was up four point two nine percent. Then it pushed higher until closing down three point. Six seven percent currently were seventeen doubles thirty seven, that represents of one point, six eight percent, dying on the die, looking nozzle, waiting for. For pullback got it again. The idol Kreider Kennel. It's a little bit big. It's a little bit big potentially. Vefour may on just sort of while I've got three hours ago. A white and see how I go there it's a it's A. It's a maybe from from my point of view the twelve out not so bad sixteen about a little wall to white there and on a car down. This has been my best trade of the profit. Wise even. Excuse me. I didn't risk four percent on this. To, cradle up thirty, two one on that trade Saturday an eighteen percent high up. Until Sunday down three point, seven percent carlisle were up seven point five at seven point nine cents. Great-looking we can chop. Classic pulled back to a level of resistance at six dollars ninety one big spot there settled APPs three point three Sunday down seven point five four today, bouncing off that old level, and we're up seven percent at seven dollars and five cents John Another one that had a good day Saturday up nine nine percent, also all the four talk from a great cradle on that Saturday morning, or that morning was to I am, but you also have another shot at the title at ten. I am the next day of so looking for good big big strong move. Their big profits frame. That took that. Of course now it's still pushing well up three percent. Sitting at one point, six three cents

Stalking Vefour Dade First Things First Bama Kreider Kennel MOI Donna Madura
"ten bitcoins" Discussed on KQED Radio

KQED Radio

01:50 min | 2 years ago

"ten bitcoins" Discussed on KQED Radio

"Think creatively about how technology can make tax payers lives easier. There's a one percent fee in Ohio to pay taxes with bitcoin that's cheaper than paying with a credit card which comes with a two and a half percent fee, though, more expensive than using a regular old check, which is free. Still some businesses jumped right in. We'll be on the theory where an actual practice. Jonathan Johnson is on the board of directors for the home furnishings website, overstock dot com. It's a Utah based company that pays a quarterly commercial activity tax in Ohio. And it was one of the first businesses to take advantage of Ohio crypto paid thirty five thousand dollar tax pelt that was just a tad over ten bitcoin Johnson describes himself as crypto currency believer in twenty fourteen overstock started allowing customers to pay with bitcoin. And it says it's collected more than thirteen million bucks worth of crypto currency since then Johnson says about half. Half of what over stock gets it converts into dollars and the rest is held in a so called digital wallet. So we have bitcoin spent now it's worth noting that the state doesn't have a bitcoin account when business pays bitcoin that payment gets routed through a third party, which converted into US dollars. Which is then sent to the tax collector. Still Toby charting who? Studies business ethics at Rutgers University points out that crypto currency was founded in part as a way to conduct transactions free from government control. But now here's Ohio stepping in and saying, hey, actually, you can pay your taxes in bitcoins. Shorting says this gives crypto currency further nudge into the mainstream there happened a couple of other states where legislators proposed crypto currency tax payments. But they've been pass. Meanwhile, the Ohio treasurer's office says fewer than ten companies have used the option so far, and they're not sure the program will continue long-term in Cleveland. I'm Adrienne Ma for marketplace..

Ohio Jonathan Johnson Rutgers University Adrienne Ma US treasurer Cleveland Toby Utah thirty five thousand dollar one percent
"ten bitcoins" Discussed on KCRW

KCRW

02:14 min | 2 years ago

"ten bitcoins" Discussed on KCRW

"To think creatively about how technology can make tax payers lives easier. There's a one percent pheno higher pay taxes with bitcoin that's cheaper than paying with a credit card which comes with a two and a half percent fee, though, more expensive than using a regular old check, which is free. Still some businesses jumped right in we're beyond the theory where an actual practice. Jonathan Johnson is on the board of directors to the home furnishings website, overstock dot com. It's a Utah based company that pays a quarterly commercial activity tax, Ohio. And it was one of the first businesses to take advantage of Ohio crypto, I think we paid thirty five thousand dollar tax belt that was just a tad over ten bitcoin Johnson describes himself as crypto currency believer in two thousand fourteen overstock started allowing customers to pay with bitcoin. And it says it's collected more than thirteen million bucks worth of crypto currency since then Johnson says about half. Half of what over stock gets it converts into dollars and the rest is held in a so called digital wallet. So we have bitcoin spent now it's worth noting that the state doesn't have a bitcoin account when a business pays bitcoin. That payment gets routed through a third party, which converts it into US dollars. Which is then sent to the tax collector. Still Toby charting who? Studies business except Rutgers University points out that crypto currency was founded in part as a way to conduct transactions free from government control. But now here's Ohio stepping in and saying, hey, actually, you can pay your taxes in bitcoins. Shorting says this gives crypto currency further nudge into the mainstream. There have been a couple of other states where legislators proposed crypto currency tax payments. But they didn't pass. Meanwhile, the Ohio treasurer's office says fewer than ten companies have used the option so far, and they're not sure the program will continue long-term in Cleveland. I'm Adrienne Ma for marketplace. This final note on.

Jonathan Johnson Ohio Rutgers University Adrienne Ma treasurer Cleveland Utah US Toby thirty five thousand dollar one percent
"ten bitcoins" Discussed on KQED Radio

KQED Radio

02:16 min | 2 years ago

"ten bitcoins" Discussed on KQED Radio

"Our small part to think creatively about how technology can make tax payers lives easier. There's a one percent pheno higher pay taxes with bitcoin that's cheaper than paying with a credit card which comes with a two and a half percent fee, though, more expensive than using a regular old check, which is free. Still some businesses jump right in. We're beyond the theory an actual practice. Jonathan Johnson is on the board of directors for the home furnishings website, overstock dot com. It's a Utah based company that pays a quarterly commercial activity tax in Ohio. And it was one of the first businesses to take advantage of Ohio. Crypto we paid thirty five thousand dollar tax belt and was just a tad over ten bitcoin Johnson describes himself as crypto currency believer in two thousand fourteen overstock started allow customers to pay with bitcoin. And it says it's collected more than thirteen million bucks worth of crypto currency since then Johnson says about. Half of what overstock gets it converts into dollars and the rest is held in a so called digital wallet. So we have bitcoin spent now it's worth noting that the state doesn't have a bitcoin account. When a business pays bitcoin that payment gets routed through a third party, which converted into US dollars. Which is then sent to the tax collector still Toby Scharping who studies business ethics at Rutgers University points out that crypto currency was founded in part as a way to conduct transactions free from government control. But now here's Ohio stepping in and saying, hey, actually, you can pay your taxes in bitcoins. Starting says this gives crypto currency further nudge into the mainstream there happened a couple of other states where legislators proposed crypto currency tax payments. But they didn't pass. Meanwhile, the Ohio treasurer's office says fewer than ten companies have used the option so far, and they're not sure the program will continue long-term in Cleveland. I'm Adrienne Ma for marketplace. This final note on.

Ohio Jonathan Johnson Adrienne Ma Rutgers University Toby Scharping US Cleveland treasurer Utah thirty five thousand dollar one percent
"ten bitcoins" Discussed on MacBreak Weekly

MacBreak Weekly

03:35 min | 3 years ago

"ten bitcoins" Discussed on MacBreak Weekly

"Broken iphone crunchers able to download it verified twelve pornography and twelve cash gambling apps of the past week. So this is fairly why spread of you should just hire. John Constantine, doc Whitaker at this point. Is this constant it did it that wrote this or honors add Josh has really done a lot of great enterprise, all those porn sites. They're like they just ruined everything for everyone. I mean, literally. What what down whether nightmare for apple try to police all of this can't imagine developers. Not getting honest helpers not getting caught in the crossfire this. I mean, we've seen we've seen how bad things get when. Knotty. People figure out a way around rules of common behavior, commonly good behavior with what's happening with you too. With with with blackmailers figuring out that Hugh tube doesn't really police strike system. They just believe that if someone says a copyright strike against us. They'll believe him. So we'll put to copyright strikes against this really popular YouTube or and say unless you give us five thousand let's let's give unless you give us ten bitcoin. We will file a third copyright strike. And you'll never get your your channel back. This is the sort of problem that could affect apple developers. If apple decides that this is now become such big problem. We're just going to assume that one out of every three certificate users are actually fraudulent this point because they don't have the resources to police at all. I don't think unfortunately, it looks like a lot of the certificates are actually legitimate companies who are being either their search are forged or stolen. So this list, you know, ticket holder is a freight forwarding company or a US furniture company. Airbnb management company and Romania Moscow motorcycle company IT guys younger brother, what is he doing exactly? And apple even kind of silicates that because they have a DNS look up feature in their application. So you can look up the IMF accompany as difficult. It could be in some of maybe they're being tricked other ones because hey, we just wanna do this. We want to use this this number of dollars thousand dollars a month thirty thousand dollars a week, and they're gonna sure I imagine after Josh's story well-done Josh apple will will. Of take this up. All right. That was patent time. Now rumor time. Oh, yeah. I always say, I take this all with a huge grain of salt. Apple's next ipad, many reportedly won't look much different. But it will be faster. And it will still use lightning and have a headphone Jack. This is from MAC Takura and digitize. So when we would we see MAC mini. I love the MAC mini. Would we see amac? Many like to see a pro MAC mini to be honest with you. But yeah, the keyboard of Bihar me like the little tiny keyboard? That'd be fine. The robin. We'll never see it'll be a pinkie toe. Yeah. I think I believe the idea with this is to take what what's been so attractive about the nine point seven inch pad, which as had pro prices have increased nine point seven inch. Pat prices have gone down. Even though Apple's been adding technology apple pencil to them. So the ipad mini would be a way of making it even slightly cheaper version of the nine point seven and should be seven point nine inch. But would have apple pencil support and be available at -education enterprise discounts, obviously, but also anybody who just wants Andy I have gushed over this previously..

Josh apple apple US MAC Takura YouTube John Constantine doc Whitaker Hugh tube IMF Airbnb Andy Romania Moscow seven inch thirty thousand dollars thousand dollars nine inch
"ten bitcoins" Discussed on The Trader Cobb Crypto Podcast

The Trader Cobb Crypto Podcast

04:11 min | 3 years ago

"ten bitcoins" Discussed on The Trader Cobb Crypto Podcast

"Yes. They can Lee while there's ongoing investigation into price manipulation in the bitcoin markets by I think, the t C the was is you have to see I don't know who's doing it. But until that's resolved. They cannot approve an ETF because comes back in. Oh, the is manipulation. Now, the government's is green light to the. The vehicle invested right? And this and like the government's job is to basically people don't get hurt. That's like a very protectionist mechanism. It is what it is. And you know, the after the money was just lost in Gupta bubble. I think that they are going to be very skeptical to agree not anything else because once approved it's so easy to manipulate in great Ponzi schemes. Well, let the thing that is a framework for a raisin might. I mean, look the very talk of an native that probably will be at some stage. But with some of the volumes say low and manipulation of like they had accountability. So high you vote the high volume low move with inference. Oh. It's easy to manipulate an ETF as well. It really is. Because you can you could basically short the market, you know, and you you basically long and short at the same time each Evan and ETF thing. I mean, I don't know how the balance the books because money coming in. They would force them to go by in the open market. Oh, do OTC trades. I think we'll put mutations of how this can be manipulative. It's not it's not liquid enough in my opinion for good. Liquidities? The issue will start V. Let's be honest issue. It's Larry me obese one is. It's the babboons backsaw convoyed. It's ROY there in your face. We're still pretty new ROY what we're ten bitcoin is ten years old. The whole market is a spice. It's not that old still the inside existed in one nine hundred ninety nine or whatever was didn't stop actually limiting. There's so many this so many unanswered questions right now that the ETF is just like come on really like let's deal with like fundamentals and cautious. Not if it's not. It's not germane right now long. Ten bitcoin is gonna stick around. Or is it gonna phase out? I mean, they'll stick around the real question is like, what's the what's the mock adoption can be like, what's the value proposition to me low? Yeah. Yeah. But Bitcoin's a tough spots. I mean, you know, be careful what you wish for you've got this decentralized, low throughput blockchain that's supposed to have had lightning six months ago. You know, which is now eighteen months away from maybe being production. If it actually works and gets dumped into usage, chopping everywhere. Like biggest mistake. We know the community made was spitting like we should never slept. We should compromise and get everyone together. And so if I go on something, but you know, ideology on bitcoin suggests that, you know, there wasn't an option. And so let's see with the ideologies of Iran around bitcoin. You know, we'll be adopted by society as a whole is kind live in a vacuum ninety context. Like, but quit on the moon is worth nothing needs real people using it. So it will. I know you that you're a busy, man. I know you've got meetings coming up with obviously pleasure having you on this shy. My where can people find out more information about what you're doing and to shoot into what's going on in you'll Brian? Just follow me on Twitter at Felina again. And I was happy to talk to pleasant and well mannered people on Twitter. I kind of look. I blocked the trolls. So if your original question, I'll try it on well from Sydney to where are you right now? I mean, southern California actually San Diego right now. Hi, five in the ad put it up. Let's do that. Great to have you on the show. I appreciate your time. Vigny it's Vinnie. Ling him see all civic and found might it's been a pleasure. Having you on? Thank you so much for your time. Thank you. The trade. Cub crypto podcast is hosted by Craig called ultra-cold courses products and tools can be found at trade ACOG dot com because experience met is..

Bitcoin Twitter Lee Evan California Craig Iran San Diego Brian Sydney eighteen months six months ten years
"ten bitcoins" Discussed on The Trader Cobb Crypto Podcast

The Trader Cobb Crypto Podcast

03:05 min | 3 years ago

"ten bitcoins" Discussed on The Trader Cobb Crypto Podcast

"Everybody. I'm welcome to the try to cope crypto show. Today's guest. I've had the pleasure of actually being on his show once before in the boss where we had an absolutely epic talk. I really enjoyed my time with them mites. And as cryptic blood from his in general, I appreciate having you with us tonight. Thank you. Thank you for having me, Craig. I really enjoyed you on my show and glad to be here. Such a smooth voice that to go. Let's kick these off with a question stride to I want to know what you are doing before crypt. I let's just touch on that for a second year. Okay. Before crypto man, I was web developer still on. I run a web development company here in the states and also before or during that because I it's been about fourteen years now with the web development company, but had a passion with for finance really started with equities share builders as as a young adult and moved from there to kind of I think each rate as a went air from there. But then I found four X men in that bug bit me, and I really dove really deep into the four x world. And of course, like most you lose all of your money. And so I've done I did that a couple of times. But of you know, insanity is is doing the same thing over and over again expecting different results. So I didn't do that. I said. Sit down and said, okay. Let's learn how to actually trade and navigate these ethics markets. So started that had a CPA with a partner mind in two thousand seven and yet managed is has been good so trading and web development before crypto, raw I will pretty pretty similar store to monitor the Assad from the web development saw two thing with the loss of capital education that sort of thing so I think with the cyanide jamais trading, but the science of Tom from memory of the last conversation that we headsets for Cubans near shall we say? So what do you mean encrypted that I'm John from foreign exchange like for main two thousand and thirteen thousand Jews to bitcoin. But just didn't have a wasn't a tech taught person. It'll I'm still thought personnel. I know I know unloading every single day, but I'm gonna and business business entrepreneur in that sense. What got you in? What was prick your Sousa crazy crazy story, man? I was that night and think about one o'clock in the morning. I was just reading through. Zero hatch found came across an article about this issue currency. This was back in two thousand thirteen early two thousand thirteen and literally Craig that night. I went out after reading that article. I went out and bought my first ten bitcoins. Well, wait wasn't. It wasn't that night. The first night. I bought maybe like four or five because I didn't know what the hell I was doing. And I'm like is this a scam or whatever? So I was able to go through the process, and I actually got my bitcoin from doing that. So the second night I went and bought the the remote. And is it's been history from their man..

Craig web developer Sousa Assad partner John Tom fourteen years
"ten bitcoins" Discussed on The Crypto Street Podcast

The Crypto Street Podcast

04:05 min | 3 years ago

"ten bitcoins" Discussed on The Crypto Street Podcast

"I guess the update was being audited by chain security, a blockchain audit of firm or company or whatever, but they audit blocks and check for vulnerability. So they'll thoughts on this. I have my peace to say, but I want to hear what you have to think. I mean, you know, it's hard to really side not side with winner with them for doing something on on cautioned. But you know, I I am a little confused because I saw someone tweeted something earlier today that said they they had talked with one of one of the ethereal Deb's, and they said, you know, were more than ready for this. So so just an oversight with someone along the lines or you know, some sort of play and one quote that suck out with me on this was they here's my quote out of an abundance of caution key stakeholders around the Therion community have determined that. The best course of action will be to delay the plan. Fork that would have occurred at block seven million eight eighty thousand on January twenty six then they went on to say put simple plan reduction network fees for storing theory won't have inadvertedly enabled theft of funds kept in certain small contracts banner acting with a multiple times. So to me that that makes it seem like a bigger issue. Than you know. And I don't I'm not very technical with all this stuff. I'm certainly not a Dev by any means. So I could be speaking out of my ass. But to me that deadly seems like a bigger issue than. Than what they the Dev minutes seem. Yes. So it's I guess the vulnerability was a reentry attack which enables you to put in functions into a blockchain more than once before they've completed so you could say let me withdraw X amounts, and before that that action is even been completed on the chain. You can say I want to withdraw X amount again. And kinda take out like let's have for arguments like ten bitcoin the way I understand this, and I could be wrong. But is you can put in a request to say I want to withdraw bitcoin and then before the team completed another one withdraw Tim bitcoin another one with Dotson bitcoin. And you know, these things clearly take at the minimum like a few minutes to you know, to confirm, so you're answering all these requests. And all of a sudden you end up with forty bitcoin it so again, I could very well be wrong on this. But this is what I understood it's because I'm not a developer either. But and I mean, the thing I really stuck out to me in grand scheme of this is the fork was scheduled. To go through on the seventeenth. And this was just discovered and put to a halt on somewhere between we'll say the fifteenth and sixteenth. So let's say one to two days that seems so crazy to me that this massive change can go can be set to go through on theory in which is you know, the number two or three overall protocol in terms of size, and you don't catch it till a day before. I mean, it seems like so little margin for error. And I get that it was being audited. But you're auditing it two days before it's set to go through. I mean, this just seems so and the thing is to also this is not the first Constantinople delay. This was supposed to go through in two thousand eighteen. So this is now the second delay of this one up grade, at least the second that I know of I imagine there were smaller delays before that. But I I think it speaks to a couple of things age how novel this stuff still is be you know, how tough it is. The code good Blockchain's that are actually versatile. And I mean, bitcoin is fairly simplistic in. What it aims to do? If as to do a hell of a lot more, and that comes with a whole hell of a lot of problems. I think it's it's pretty crazy to think about you know, this got halted so quick to the execution date. Yeah. It's it's definitely wild. And. You know, and I don't understand the depth side either. So maybe maybe this is completely normal on on that side to delay something so close, but I mean, obviously it had to be something big..

Blockchain Therion theft developer Dotson Tim two days