Tuesday, May 7, 2024

"Living off alimony, meme stocks and crypto": A mother's plea for gender reveal jet show recommendations goes unheard in r/longisland

A mother of five posts asking for gender reveal party recommendations:

I can finally afford a decent gender reveal and I am so excited. I watched several TikTok’s and really like this one.

Any recommendations for a gender reveal planner?

The event is being held at a beach club.

https://www.tiktok.com/t/ZTLXXX1bk/

The linked TikTok depicts several jets flying over a gigantic balloon display, revealing the baby's gender with colored exhaust.

Comments against OP:

"Trash"

"delete this post already.. no one needs another gender reveal or snarky responses from you"

"This is dumb as hell."

"Yeah-don’t have one."

"How about you reveal yourself to have more taste than to gather all your family and friends to celebrate your child's genitals"

Comments defending OP:

"I had a gender reveal party and the neighbors all called the cops on us. I didn’t think they could see. Well, gender reveal wasn’t for them anyways!"

"Don't worry guy you aren't invited."

But OP has so far only responded to two commenters: a plausibly-deniable passive aggressive response to someone suggesting cupcakes instead, and one to this comment:

Aren’t you supposed to let the kid decide their gender nowadays? Also wtf do you mean by finally afford- you’ve been saving up to piss your money away on renting out the blue angels??

OP's response:

Me and my ex invested a lot into crypto and stocks. We did very well when Bitcoin reach 60k the first time. Sold bought cheap and sold again when it hit 60k the second time. Did well with Doge, GME, AMC and others. My ex is also a engineer and owns many patients so my alimony increased a lot .

Thanks for you financial advice with knowing 0 about my situation.

The original commenter fired back with:

So you’re going to waste your gains on a gender reveal so you can post it on social media. Nice

But far more stellar response to OP is:

Living off alimony, meme stocks and crypto.

So smart but posted about the plastic bag inside a turkey, to the subreddit about the country turkey.

Too much cringe for me.

The turkey post in question received not even so much as a single comment.


Join Us this Saturday for Hoppy Hour at the Toad Tavern! 1 Hour of intense Pepecoin tipping!

The Toad Tavern

Join us in Discord this Saturday for Hoppy Hour at the Toad Tavern! Starting at 8pm Eastern Time, we'll be having an intense tipping session in the official r/Pepecoin Discord. The event will last for 1 hour in the Toad Tavern chat channel until 9pm Eastern! Just a reminder that Pepecoin is different than PepeEth! Pepecoin is layer 1 blockchain just like Bitcoin and Dogecoin. So if you don't have any Pepecoin yet, this is the perfect chance to invite your friends, kickstart your first bag, and hang out with the Pepecoin Community! Hope to see you there!

Link to the official r/Pepecoin Discord

Link to the Discord event https://discord.gg/pM8bNRD8?event=1237508584179241090


Australian Tax treatment

How do Aussies. I met with my accountant the other day to get some taxation clarity pre-payment. Of course the millions I've inevitably lost through theft are not a capital loss, and let's face it... the capital input deductions on BTCs that have been locked up since 2014 are practically insignificant. Therefore the blunt assessment is something like this: The ATO will treat bitcoins returned under the civil rehabilitation as my own bitcoins. Therefore getting some this year will not count as a CG event until they are cashed out. Apps like cryptotaxcalculator etc might need a bit of convincing of this, but your accountant should be able to force this assessment. If you chose cash only then I suspect you will have to treat the return to you as the point at which you have a CG. In that case (or when you sell) there will be the 50% CG deduction for having held the asset for more than 12 months, and then the balance will be treated as income in the year you cashed it and taxed according to current tax brackets. Therefore (especially with the current brackets - worth looking very closely at) it's worth spreading out the liquidation of BTC. Also, don't forget that you might be able to shift a good deal of it into your Super using your Unused Concessional Superannuation Contributions. If you're anywhere near fifty then it's not long until you get it back... just a bit more than you've waited so far and the tax treatment on the Super contributions will be very impressive compared to straight CG. Get your own tax advice, of course, but speaking for myself this whole adventure has been a one off, never to be repeated boon. No point blowing it once it arrives. Get yourself something nice... sure... but pretend you've always been rich and do what rich people do - invest prudently in tax advantaged ways. PS if anyone in Australia has contrary tax advice, I'd be most grateful to hear it. Hoo Roo.


Lightning: Open Channel, Sign, Broadcast, Remove. What is all of this?

I'm used to normal BTC, but I just wanted to make a donation, and found out they only supported Lightning, so I decided to convert some with my Electrum wallet. I had very little knowledge before, but over some events, things got confusing, so I ask for a more complete answer to try to understand better what is happening.

I had opened a new channel, and it selected "Electrum trampoline" as default, so I kept it as is, I selected the amount of BTC _(I read that there is a minimum value? But it was a bit over 0.003BTC, so I think it should be fine)_

I thought that was it, and nothing changed, I assumed maybe the fees weren't high enough, but I saw the button to `Sign`, and thought it could be required, so I did it, and things changed, but then it asked to broadcast.

One thing I had read was that for lightning to work, you need both sides always online, and I left my phone there, but forgot about it, and when I saw it again, I noticed that it was talking about broadcasting it again, or to delete the request.

I then remembered of the always on rule, and guessed it didn't go ahead after all, so I considered just removing the transaction and trying again with a higher fee to get things faster (I usually have no haste in my transactions).

And after removing, the transaction doesn't appear anymore in my list, however, there is a "Lightning balance" there. At first I panicked as I thought that my main balance had its funds removed, but after manually summing all values, it seems that wasn't the case, so my "Total Balance" is now the sum of my proper "On-chain" balance and a value in Lightning that supposedly doesn't exist.

So before trying again, now I want to ensure proper understanding of the limitations if someone could kindly explain it.

Edit:

I found a bit more of information through the option "Channels" in the left menu, then I found out the channel I had created even though I closed the request, and there I could properly shut it down and so on.

Also found out a bunch of rules, such as that you can't receive Lightning in your open channel (that acts like a wallet) until you spend some of it.

From what I read, you need to spend to be able to receive ,although just as much as what you spent, so without having used it yet, I'm guessing the channel you open is basically the largest amount of BTC you can get in the Lightning network, although I'm likely wrong, as if that were the case, it would have been impossible to make a first transaction.

Anyway, At least I found that I had indeed spent some bitcoins on that failed try, and that I could get them back.