madalpha

Full Member
25
Posts
649
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May 22, 2017
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Recent posts
  • Biden’s supposed to be more crypto-friendly, but it looks like he’s doing the exact opposite. So much for freedom.

  • Yeah, they’re claiming there’s some live trademark on that word. But honestly, it sounds a bit sketchy. From what I understand, to actually enforce it, you’d need to be in the US and running a similar biz to theirs. And…

  • Just saw a bunch of posts here, and I think there are a few main reasons why folks invest in Bitcoin. Like, some are all about the profit, others want control over their money, a few are trying to dodge inflation, or…

  • They definitely made someone give them access to the wallet... So yeah, they can't just brute force their way in or anything. If the private keys are encrypted, they’re stuck.

  • I think law enforcement has probably been on this for a while. They might not drop tools in public, but tracking isn’t rocket science for them. It's just a matter of monitoring everyone to figure out who’s transacting…

  • Totally disagree about lawyers, lol. They charge a fortune and it may not even be their field. If you go that route, please fact-check everything they say.

  • Check that factsheet on their site. You can register here: https://www.fincen.gov/314a/Login

  • Are you talking about tax stuff? Not sure what GAAP means. Personally, I use Electrum's fiat rate API to figure out how much I’ve earned. But really, I'm not sure what your level of accounting is. If you can code, it’s…

  • Did you verify your ID? I thought they needed that for all transactions since a few years ago.

  • What wallet are you using? Did you send it to a specific site?

  • I’m from the UK, so things might be different, but you won’t pay more tax than you actually earn. It’s all about your profits. Basically, you should look at your withdrawals minus deposits and what you had at your last…

  • It's a different vibe than China's ban, right? Russia's got solid ties to Europe, so miners could just relocate if things get tough here.

  • Can we use a VPN to get around this for some exchanges? Or is there more strict regulation? Wouldn’t that just push for decentralization? Maybe just convert cash through big companies like Coinbase.

  • I guess they allow VPNs because they have actual legitimate uses beyond just masking locations. They can’t block every VPN user. Services like Netflix can block some VPNs, but not all.

  • I think he probably encrypted those keys before putting them in the bank’s box. Maybe even used some stealth methods to hide them better. Who knows, he could’ve stashed them in another country for extra security. Seems…

  • Totally! But Amex’s fees make it tough to love them. Banks need to partner with places like supermarkets. Think about how convenient that’d be faster payments and better service!

  • Yeah but I’m not sold on CBDCs. I mean, what if countries start restricting foreign currencies? We’ve seen bans before, like back in the day with gold in the US. Sounds sketchy to me.

  • Tax laws differ by country. Some have agreements to avoid double taxation, while others tax you for global income. So, if you move to a country with a deal with the US, you might dodge taxes on worldwide income. But not…

  • Gloria Zhao was key in lifting the 80-byte data limit for OP_RETURN in Bitcoin Core v30. This change could let us store nearly 4MB of data, which is a big deal.

  • Fees might kill your profits. Unless you set up a base in places like North America or Europe, currency conversion could be pricey. Also, if you’re not offering something better than Coinbase, why would anyone come to…