Reddit Posts
The Coldcard Hack: What Happened, What Actions to Take as a Coldcard Holder, and How U.S. Taxpayers May Claim Their Losses
PSA: the Coldcard exploit is likely tax deductible
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I had heard about it in some chats in some distributed computing groups on IRC/BBS's, [distributed.net](http://distributed.net) to be exact.
I hold doge because I got lots of it free from doge IRC channel since 2014. Still hanging there daily and made lots of friends during those years. Absolutely nothing to do with any centralized ghouls. There are lots of people there who have been interested in crypto and doge since it's conception, so please stop projecting your delusions.
Yep, I was thinking more about the simple reusable types of ICs like logic gates, regulators, timers/oscillators etc... Not ASICs as such because they're hardly application specific. In the context of my original comment, I was referring specifically to FPGA and ASIC driven mining hardware. Lots of effort went into trying to get the whole double SHA256 hashing thing onto dedicated hardware at a density and stability that would obsolete FPGA and GPU driven mining and it didn't all scale as well as many had hoped. I've still got my old BFL gear hiding away in a cupboard somewhere... Then there was all the chatter on IRC, the scams, the arguing between who was making better mining gear, the hodlers vs those who panic sold, mtgox falling apart... I even remember one of the old shock site operators showing up offering to sell one of the bigger domains for bitcoin back in the day (I don't remember if it was goatse, a party involving a certain citrus fruit, rapidly rotating structured protein, or maybe something involving a drinking vessel and two individuals, but whichever one it was they verified with a post to their rather well known site). It was a pretty wild time...
Let me make it a little more clear for you: 1. He kept his private keys on an insecure server connected to the internet and got all his Bitcoin that he mined in the early days stolen from him. This prompted him to baselessly accuse other devs and give their names to the FBI. 2. He attempted a hostile takeover of the Bitcoin Core transifex website. Luckily this was unsuccessful and is documented through IRC chat logs. 3. He made an unnecessarily big fuss over the taproot activation method, accused developers of enabling another segwit debacle, and was being a general pain in the ass until Greg told him very publicly on Github to sit down and shut up. Taproot activated just fine despite Luke's concerns that it wouldn't. 4. Luke is a conspiracy theorist, statist, and Christian all at the same time somehow. He doesnt work well with over devs and argues about the weirdest things constantly. The fact no one has tried to ban him over the years is a testament to the inclusive nature of Bitcoin's open source development model. I know for a fact a lot of devs wish he would disappear, not because "core is compromised" but because he truly sucks.
Theft losses that qualify under IRC165(c)(2) are itemized deductions, not capital losses. Meaning the full amount can be deducted against income
It was harder to buy bitcoin back in 2009 than you think. No one wanted to sell it, and if you wanted to buy it, you’d probably have to pay a crazy amount, like $400 for 1500 BTC on eBay. I tried to buy 2500 BTC for $25 in the IRC channel back in 2009 and they kicked me out. Ever since then, I guess I’ve had a grudge against Bitcoin and have only spent it on drugs so far. I’m gonna finally start regularly buying it. But the days of a Lambo and mansion are pretty much over