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508
DOGEWontAmountToShit
2024 Jun 13, 5:19pm
DOGEWontAmountToShit
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
Maga_Chaos_Monkey
2024 Jun 14, 8:42am
Maga_Chaos_Monkey
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
DOGEWontAmountToShit
2024 Jun 14, 9:13am
DOGEWontAmountToShit
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.
511
Misc
2024 Nov 10, 9:54am
... about that Bitcoin...over $80K a token now.
Crypto is looking at less regulation w/ Trump in office.
Wha ????- The current scams just ain't enough ????
Crypto is looking at less regulation w/ Trump in office.
Wha ????
512
Maga_Chaos_Monkey
2024 Nov 10, 9:59am
Maga_Chaos_Monkey
2024 Nov 10, 9:59am
Misc says
Yeah, I just paid for a brand new Ford F150 Platinum since the election. I haven't ordered it yet though because the max recline seats are late availability.
... about that Bitcoin...over $80K a token now.
Yeah, I just paid for a brand new Ford F150 Platinum since the election. I haven't ordered it yet though because the max recline seats are late availability.
514
DOGEWontAmountToShit
2024 Dec 2, 7:34pm
DOGEWontAmountToShit
2024 Dec 2, 7:34pm
Bitcoin is a unproductive asset that consumes energy and financial resources that could be used elsewhere more productively.
That's why this tax is wonderful economic policy!
That's why this tax is wonderful economic policy!
515
ElYorsh
2024 Dec 2, 9:15pm
ALL Governments will tax Bitcoin at some point. Some will even tax it's conversion into their currency. There's NO WAY that Governments will let people get away with independent currencies.
516
Ceffer
2024 Dec 2, 10:11pm
Ceffer
2024 Dec 2, 10:11pm
Bitcoin is DARPA, and they didn't invent it without a back door. They will at some point just steal tranches and the holders of the wallets will not know what hit them. They'll think it's hackers and not the Guv. It'll be tulip bulb crypto crash Armageddon when the word gets out that it was never 'secure'.
Other cryptos may or may not be more secure. However, given the histories of banksters and account holders, I wouldn't count on any of them actually being secure in the long run. Look how much rampant, Intel sponsored fraud (FTX) has already occurred around crypto. It is even more fiat and speculative than a Federal Reserve Note.
Other cryptos may or may not be more secure. However, given the histories of banksters and account holders, I wouldn't count on any of them actually being secure in the long run. Look how much rampant, Intel sponsored fraud (FTX) has already occurred around crypto. It is even more fiat and speculative than a Federal Reserve Note.
517
DOGEWontAmountToShit
2024 Dec 2, 11:12pm
DOGEWontAmountToShit
2024 Dec 2, 11:12pm
ElYorsh says
This too. ^^^
ALL Governments will tax Bitcoin at some point. Some will even tax it's conversion into their currency. There's NO WAY that Governments will let people get away with independent currencies.
This too. ^^^
518
Misc
2024 Dec 2, 11:23pm
"Western Democracies" squealed like stuck pigs when Zuckerberg was gonna create a crypto currency that could be used on FaceBook.
The threats the man faced ..... just yeah...
The threats the man faced ..... just yeah...
520
Misc
2024 Dec 4, 8:19pm
Markets ??? Manipulated ?????
Cannot be ! ! ! ! ! !
Bitcoin trading at over $103k per token.
Has to be because of its fundamentals.
What could possibly go wrong ?????
Cannot be ! ! ! ! ! !
Bitcoin trading at over $103k per token.
Has to be because of its fundamentals.
What could possibly go wrong ?????
« First « Previous Comments 508 - 521 of 521 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!