I must say I don’t like the idea of a social-credit-score bot.
Regarding your implementation, I saw the summary of your own comments elsewhere in this post and I noticed all the annotations were on upvoted/blue segments. Other summaries you posted focused more on negative/red segments. Would it be possible to enforce a minimum of 1 or 2 from both categories?
Also, would you be kind enough to read my tea leaves? Am I an acceptable citizen of the Lemmy community?
No single wallet has even close to 1 million Bitcoins. It’s a public block chain and you can find a list of the largest wallets in a website like this: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
Also, regarding the unfair advantage of the genesis block, Bitcoin’s code was actually written in a way that prevents this balance from being transfered. It’s forever locked in the wallet at this address: 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa.
No funny allowed.
Dude, it was a joke.
Exactly, some people would complain about bringing back zombie threads, while others whine that people didn’t use the search feature to find existing threads on the topic. You can’t win either way with forum gatekeepers.
For what it’s worth, I’m not the one downvoting you. I appreciate your perspective. However, if nobody can retire without the ability to pay $200k/year, very few people will ever be retiring. I believe working with patients in these terrible situations, has created a form of selection bias were you don’t see the successful retirements. Not everyone needs a Fat FIRE, and I would prefer to live frugally and retire early vs working away my life until a regular retirement age.
To add to this, you are also expected to withdraw more year after year along with inflation. If your safe withdrawal rate allows you to withdraw $40,000 on year one, you can withdraw $40,800 the second year (assuming 2% inflation). Dispite this increase, your portfolio should still grow. If you are withdrawing all of your gains, you are setting yourself up for failure.
No, you always take less than the increase. This is why most FIRE plans revolve around living on 3-4%. The gain percentage minus withdrawal percentage should ideally leave you with a number greater than the losses due to inflation.
That’s a long way of saying your “best-case scenario” is actually a worst-case scenario.
You’re ignoring that your balance will increase over time through interest and stock gains. I believe this is historically around 8%, exceeding inflation.
I also have the TimeStack and it’s great. However, my one complaint is that there’s no external power switch, and therefore, seems to use up batteries quicker than it should.