probablynothing

Is Bitcoin the only way to tackle inflation? I doubt it. Just adopting Bitcoin won’t make inflation disappear. I see it more as a reserve asset than a reserve currency. If it’s a reserve currency, why is the supply…

Money and data can be regained. But time? That’s a one-way street. Companies are after your attention today, but soon it'll be about your health and family time too. Free time breeds creativity, and in a world run by…

If you're selling guns, sure, check licenses. But with Bitcoin, there aren’t those rules. You can trade with anyone. And honestly, you can't even tell who's legal or illegal half the time.

I doubt you'll get any no-action letters for this situation. From what I know, selling Bitcoin to undocumented folks isn’t illegal, but you should definitely follow FinCEN and state rules. Be sure about needing a state…

What are some left-leaning principles in Bitcoin? How would things change for society if these ideas were more prevalent instead of the current system?

Agreed, I find myself splurging on stuff I don’t even need when I use my card. With cash, I hesitate before buying.

It's not just Coinbase, though. They’re just the biggest player. Gemini and Kraken have the same tax reporting issues with the Form 1099-K. I’ve done a ton of tax returns, and handling crypto transactions is such a…

To clarify, when we refer to being a node with incoming traffic on or off, @ACBbits @ranochigo, do I understand correctly that: a. A Full Node remains a Full Node without incoming traffic, b. Even in that case, it still…

There's a bit of debate about whether you're a Full Node without incoming traffic. I think not having any incoming traffic means you're not fully optimized, but how does that impact the consensus mechanism? Anyone?

I wonder if Richard's caught the SEC's eye. I don't see any investment restrictions for US folks. Seems like a common enterprise expecting profits from others’ efforts. Why are people buying HEX if they don’t believe…

Honestly, I always thought Richard was building up to something like this. He comes off as a marketer who's all about cashing in on his Crypto Twitter fame. It feels like an 'honest' Ponzi scheme to me. Huge profits on…

Got a quote from my teacher back in 7th grade saying "Life is like ice cream, enjoy it before it melts". But honestly, how can you enjoy life without cash? The reality is that the good stuff seems to be reserved for the…

Totally messy situation. Missing a lot of details here. If Zhan is the biggest shareholder at 37%, what was Jihan thinking? That Zhan would just roll over?

Kraken is trying to fill the gap left by Bitfinex in the US. Powell’s marketing to the privacy crowd is smart, but they’re still following the same AML rules as Coinbase.

Regulatory pressure is a huge part of this. A few years back, unverified accounts were withdrawing without limits. Then BAM overnight, everything changed with limits. They started targeting certain regions and made KYC…

Totally agree. They used to allow unverified accounts, but since 2017 it’s all changed. I steer clear of Bitstamp and Bittrex now because the customer checks are just too much.

The mark-to-market option? That’s mainly for dealers in securities, not your average crypto trader. If you’re just investing or trading, you need to report your gains as either short-term or long-term, plain and simple.

I’ve heard that if you hold bitcoins on Cash App as of 12/31, you might get a 1099-B too, but their FAQ is kinda vague. If you sold through the app, you’ll definitely get one, that's for sure. Also, if all your buying…

Good question. I mean, they’ve been in this game a while, so they should know better. But who knows if they played nice with Crypto Capital?

joel.from.minnesota is spot on with that recovery tutorial. Just a warning: don’t mess with that hard drive until you’ve imaged it. Any access could ruin your chances of finding those files.