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506
just_passing_through
2024 Apr 25, 8:48am
just_passing_through
2024 Apr 25, 8:48am
UkraineIsTotallyFucked says
I agree with that - I only support bitcorn as it's the only trustless, truly decentralized and secured with a monster wall of energy. The majority of the rest are scams (where people get rug pulled) or at best wild ass gambling.
I do own some in the wild ass gambling sector though just for fun. I suspect one or a few of those will make it over the long run because they are directly programmable. Bitcorn isn't programmable so if you want to do smart contracts etc., you need to do that on another layer.
Oh looky! Seems that crypto doesn't live up to its jive after all;
I agree with that - I only support bitcorn as it's the only trustless, truly decentralized and secured with a monster wall of energy. The majority of the rest are scams (where people get rug pulled) or at best wild ass gambling.
I do own some in the wild ass gambling sector though just for fun. I suspect one or a few of those will make it over the long run because they are directly programmable. Bitcorn isn't programmable so if you want to do smart contracts etc., you need to do that on another layer.
508
UkraineIsTotallyFucked
2024 Jun 13, 5:19pm
UkraineIsTotallyFucked
2024 Jun 13, 5:19pm
Patrick says
They tax it just like anything else: there is no 'crypto' in a digital currency that uses a publicly accessable and trackable transaction ledger.
So if you don't report it and pay taxes on it, they can nail you just like any other non-reported income.
They tax it just like anything else: there is no 'crypto' in a digital currency that uses a publicly accessable and trackable transaction ledger.
So if you don't report it and pay taxes on it, they can nail you just like any other non-reported income.
509
just_passing_through
2024 Jun 14, 8:42am
just_passing_through
2024 Jun 14, 8:42am
True story. No anonymity.
Except there are services where people send in their bitcorn which gets shuffled with other peoples bitcorn and then returned to them which does obfuscate ownership.
The government is in the process of shutting that down though.
Except there are services where people send in their bitcorn which gets shuffled with other peoples bitcorn and then returned to them which does obfuscate ownership.
The government is in the process of shutting that down though.
510
UkraineIsTotallyFucked
2024 Jun 14, 9:13am
UkraineIsTotallyFucked
2024 Jun 14, 9:13am
just_passing_through says
Yeah, but they a) take their cut and b) that activity contributes to the unsustainable mining problem.
So kiddies! Here is the new word of the day: Steganography
https://en.m.wikipedia.org/wiki/Steganography
https://cryptokait.com/2020/03/02/hiding-in-plain-sight-steganography-tricks-and-tips/
https://www.freecodecamp.org/news/what-is-steganography-hide-data-inside-data/
This or something like it is needed for true crypto currencies to work.
Except there are services where people send in their bitcorn which gets shuffled with other peoples bitcorn and then returned to them which does obfuscate ownership.
Yeah, but they a) take their cut and b) that activity contributes to the unsustainable mining problem.
So kiddies! Here is the new word of the day: Steganography
https://en.m.wikipedia.org/wiki/Steganography
https://cryptokait.com/2020/03/02/hiding-in-plain-sight-steganography-tricks-and-tips/
https://www.freecodecamp.org/news/what-is-steganography-hide-data-inside-data/
This or something like it is needed for true crypto currencies to work.
« First « Previous Comments 506 - 510 of 510 Search these comments
Hi guys,
I'd like to start a conversation on crypto-currency, particularly Bitcoin.
What do you all think about it from an investment point of view today? I have some buddies in the finance world who are quite bullish on it and claim we are just scratching the surface. Judging by the recent performance, they may be right.
For people who are investing in Bitcoin, what are you using to invest and what recommendations do you have for a new investor?
Also, how are gains taxed compared to typical stock market gains?
I read this week that over 100,000 merchants in the USA are accepting Bitcoin today.
At the same time, digital currency does scare me a bit as it seems so abstract. Curious what PatNet thinks.
Thanks guys!