The Bucket's Den

Edward Cullen energy

what does that mean?

*guys selling and trading NFTs* what the fuck, the IRS is making me report my digital assets as assets! that's insane! since when are there regulations on sales of securities!

i feel this is kinda nerd shit so i should briefly (over)explain (mostly because it's a very big L for crypto losers). so essentially, before now, anyone making money off crypto trading (or just NFTs specifically) was in this kinda...grey area in terms of regulation and taxation, and the anonymized nature of cryptocurrency means that most people were straight up not reporting that money as earnings (or NFTs as assets), especially not if it was never converted back into non-cryptocurrency. this meant that, if you were dealing in crypto, you could (and i'm HUGELY over-simplifying) dodge the vast majority of regulations and requirements (and taxes) that someone making a similar amount of money in USD would deal with. after this new regulation, if you receive US $10,000 or more in cryptocurrency, you must now report it to the IRS as a cash asset, and if you don't, that is a felony.

So this is very funny, to me, for two reasons. One is that now, if a crypto-bro wants to not commit a felony, they have to un-anonymize their wallet, so they can no longer trade as an anon. They would be trading under their name (assuming they're trading $10,000 or more, per year i believe if i read right). This defeats some of the major uses of cryptocurrency, especially as it was being used to launder money, and it means your identity on the blockchain would now become knowledge people would have access to, and track all future and past trades you have made on the blockchain.

the second and funnier thing is what this does to NFTs. a cash asset is any asset which can be easily converted into cash within three months. according to this new regulation, you available cash assets would now include your NFTs (assuming they're valuable enough etc. etc.), and you would be expected to borrow and pay obligations based off of that information. so if a collector came to make good on their loan to you, they would be considering your NFT as a cash asset that can be used to pay them, but of course *selling NFTs is a fucking scam*. They're *not* cash assets, because outside of very specific circumstances, those $50,000 NFTs are not bought up again for the same or higher value.

many (it's hard to know exactly how many, but this exact thing i'm about to describe has been documented a bunch of times in this space) NFTs have their values inflated purely through insider trading, in a scam that goes (in its simplest form) something like: person 1 makes an NFT, and person 1 sells the NFT to person 2 for a very high amount of crypto, some amount of which is given back to person 2 in another, altered form so as to not be traceable as just trading money back and forth. this causes the NFT to become "worth" that amount of money that was paid for it (this is also how most of the real world art market works too!). Do this to like 5 of an artist's NFTs, and suddenly it looks like that artist's work is worth X amount of money, despite no one having actually *paid* that much for it really, but now that the value of their work appears to be high, it can be sold to rubes for that high amount for real now.

which is all a way to say that, if you are said rube, and you just bought a shitty picture of a monkey smoking a joint for $75,000, that is now considered cash you can access within three months when it comes to paying debtors (or anything else that involves how much cash and assets you have on hand, including how much you pay in taxes), even though, if you tried to sell it, no one would buy it for that much. so people will be expecting you to have money you do not actually have the ability to access. Not only that, but you would have had to un-anonymize you wallet's identity on the blockchain to buy the monkey, so everyone knows who the rube is.

it owns ok? it owns. fuck this is a terrible explanation. i'm bad at explaining econ shit and probably got 50 things wrong go away

As someone that knows tax law, this sounds pretty accurate

i wish all NFTbros a very merry Pay Your Taxes Lol

he was in the fridge!!!

ovbiously this person has done so much research and cares about their tortoise so much but…. the mf idea of having a live tortoise in a TUPPERWARE?! IN MY FRIDGE?? WITH ME FOOD? ahahahaha

the concept of opening someone else’s fridge only to find a WHOLE ASS TORTOISE in there… idk if I’d ever recover

@esperantoauthor when the food doesn’t come to Tesla, Tesla comes to the food

Reminds me of when I accidentally stumbled across this photo for the first time…

mutuals put me in your fridge

Back in 2015, I went over to a classmate’s house for group project work late in the fall, and in the middle of working on the presentation, offered to grab sodas for people but they were out of pepsi and Andrew whose house we were at said “Oh, there’s more in the basement fridge.”

So I go down to the basement, which is well-lit and finished and indeed there are more pepsi but also in the fridge is a massive tortise. This animal was the dimensions of a desktop computer and probably outweighed a labrador. It’s not moving, and is set in the middle of a plastic tray so it’s apparently supposed to be there. I go back upstairs.

“Hey Andrew.” I say, nonchalantly. “So is the tortise in the fridge down there for soup or what?”

“The what?” says the other member of the group project. I don’t remember her name, just that she always wore her hair in pigtails with butterfly clips that were based on real butterflies and she had at least a dozen species.

“Oh! No, that’s Andrew Too.” he says. “His species hibernates so he stays in the fridge for the holidays.”

“You named your tortise after you?” I ask.

“No, uh- Well, my grandfather got him in Egypt or somewhere while he was on leave during the war and He was named Andrew, so he thought it would be funny to name him ‘Andrew Too’. …Then Mom named me after him so Gandpa left me Andrew Too in his will. He’s pretty cool when he’s awake. Lets us dress him up for summer holidays, doesn’t bark.”

“Oh!” Said Butterflies. “My dad served in the Gulf War too! What unit was he in?”

“Oh no, Grandpa was with the Royal Air Force in World War Two. Andrew Too is going to be 70 this year! We’re going to make him a carrot cake!”

“is that for soup?”

“No, that’s my uncle”

The kestrel shuffle! Gotta keep them eggs warm!

Source: Nest Box Live

(My experience with broody birds is chickens) Why does she do that? Is she having trouble keeping all the eggs under her? Or does she not pluck her breast to expose her skin to the eggs for more warmth?

Yep, birds of prey usually also pluck a brood patch! Shes doing it to rotate and reposition the eggs under her to keep them all warm.

Best quality: her mama wiggles

I am no kind of bird expert, but I think it’s mama AND papa wiggles? At 0:06 and 0:41 that is definitely a different bird.

Yes, the gray headed bird is the male!

True himbo representation

i need to make it clear in case people don’t know this - this man is a straight up actual practicing Doctor

He what?

DR HIMBO???

although they have a reputation as scavengers, hyenas are known to take down prey many times bigger than they are

love the way we finish each others' sentences. it's like we're soulmates or the beastie boys

Best couple ever

What to do if approached by a highly venomous sea snake | source                          

‘Fuck outta here bitch’

Shanks and Buggy for an AT with my sister, haha! Because Buggy is, of course, the very best. commissions/store/ko-fi/instagram

context: this pic

At Mount fuji

Forget the rest of the fireworks around the world, these are the best. HNY.

The finale HOLY SHIT!!!

This is actually the first time I was impressed by a firework

For anyone interested, the music is by a composer named Thomas Bergersen, and the piece playing is called Homecoming from his Illusions album.  I listen to his music whenever I need to be inspired to write.

The uninhibited dopamine of it all

Visions of comfort…

People who can do this amaze me.

for the first 10 seconds i was absolutely certain it was gonna be this cat

Please dont hesitate to ask for anything🙏🏼 i will draw almost everything exept the onvious stuff🥰 hmu here or on twitter @ teiknu :)