Cryptocurrencies

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  • Gern Blansten
    Gern Blansten Mar-A-Lago Posts: 22,189
    buck502000 said:
    Gern Blansten said:
    benjs said:
    rgambs said:
    unsung said:
    Halifax2TheMax said:buck502000 said:
    I read about a poor guy who had his assets froze when he tried to take 100K of BTC to buy a house.  

    Interesting regarding filing taxes.

    https://www.washingtonpost.com/news/the-switch/wp/2018/01/11/its-going-to-be-a-nightmare-some-bitcoin-investors-are-in-for-a-rocky-tax-season/
    There are ways to hide your gains.  For the record I support this 100%.  The government took no risk when people invested, it shouldn't reap any reward.

    I will pay my 15% extortion fee though since I just withdrew some to buy a house.  I have to have it documented in this current rigged system.

     And this is why it will crash and burn.
    Even it's biggest proponents think of it as a stock market investment.
    "Withdrew" "take out", the language is telling.  
    Nobody's buying a house with bitcoins, they are cashing out on their bitcoins.  It's an investment built on nothing, and it will collapse.

    Kudos to those who got in at the right time and, more importantly, get out at the right time.  It isn't real money until you can spend it.
    Block chain powered crypto currencies have far from matured at this point, and I think it’s preemptive to say whether it has legs or not. I don’t think anyone has found the “special sauce” that makes a person think of a crypto currency equivalently to a physical currency, but that doesn’t mean it’s impossible.

    In addition, people are testing the technology in other ways, such as secure asset trading for non-currencies. Kodak just launched an image rights management platform powered by block chains to counter rampant usage of copyrighted images by photographers without consent. I’ve read articles about a company working with Ticketmaster so that when tickets are resold, cuts would get pro-rated back to the original stakeholders (venues, promoters, etc), and the legal world where contract management is everything will likely be massively impacted by this.

    Back to the currency side, I don’t know whether Bitcoin itself will win the war (over the past year they dropped from the 80% range market share to 30% range on crypto transactions supposedly), but the providers of the technology are well aware of the hurdles you mention (accessibility, transferability, mainstream understanding and buy-in), and would be foolish if they weren’t already trying to overcome them.
    Reminds me of Amway....or a ponzi scheme....can't figure out which yet.

    Also reminds me of the guy who made millions selling pet rocks.
    Don’t be a sad no coiner.  Electricity, travel by plane, the internet, all of these things seemed like voodoo at first. But now, they are a part of everyday life.  Cryptocurrency will be used behind the scenes by the people who run the world. Either get on the rocket or don’t.  Cheer up.
    yeah...
    Remember the Thomas Nine !! (10/02/2018)
    The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)

    1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
    2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
    2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
    2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
    2020: Oakland, Oakland:  2021: EV Ohana, Ohana, Ohana, Ohana
    2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
    2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana; 2025: Pitt1, Pitt2
  • Bentleyspop
    Bentleyspop Craft Beer Brewery, Colorado Posts: 11,420
    Bitcoin  now below  6K
  • Gern Blansten
    Gern Blansten Mar-A-Lago Posts: 22,189
    Lots of people making money on the backs of the middle class.  People were buying this shit on credit cards.
    Remember the Thomas Nine !! (10/02/2018)
    The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)

    1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
    2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
    2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
    2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
    2020: Oakland, Oakland:  2021: EV Ohana, Ohana, Ohana, Ohana
    2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
    2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana; 2025: Pitt1, Pitt2
  • Halifax2TheMax
    Halifax2TheMax Posts: 42,229
    Is Bitcoin insured? Like FDIC type insured? Or is it like a stock, buyer beware?
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

    Libtardaplorable©. And proud of it.

    Brilliantati©
  • Gern Blansten
    Gern Blansten Mar-A-Lago Posts: 22,189
    Halifax2TheMax said:
    Is Bitcoin insured? Like FDIC type insured? Or is it like a stock, buyer beware?
    buyer beware
    Remember the Thomas Nine !! (10/02/2018)
    The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)

    1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
    2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
    2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
    2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
    2020: Oakland, Oakland:  2021: EV Ohana, Ohana, Ohana, Ohana
    2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
    2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana; 2025: Pitt1, Pitt2
  • my2hands
    my2hands Posts: 17,117
    Crypto is manipulated  junk and will lead to a financial crisis. 


  • mickeyrat
    mickeyrat Posts: 44,428
    uh huh....

    https://www.reuters.com/article/us-bitcoin-cyber/u-s-uk-government-websites-infected-with-crypto-mining-malware-report-idUSKBN1FV0VO?utm_campaign=trueAnthem:+Trending+Content&utm_content=5a8093e004d3011550034859&utm_medium=trueAnthem&utm_source=facebook

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    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
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    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • tempo_n_groove
    tempo_n_groove Posts: 41,385
    https://www.wsj.com/articles/rural-washington-is-a-hot-spot-for-bitcoin-miners-1518354001
    They are coming stateside!
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    Crypto has allowed me to sign a contract on a new house.
  • mickeyrat
    mickeyrat Posts: 44,428
    unsung said:
    Crypto has allowed me to sign a contract on a new house.
    thats good. awesome in fact.
     I am guessing, that you didn't highjack other peoples shit to mine for coin.
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    Not really following you, I have never mined though, it really never interested me.
  • mickeyrat
    mickeyrat Posts: 44,428
    unsung said:
    Not really following you, I have never mined though, it really never interested me.
    hacking systems to run background mining ops. increasing power consumption, which is paid for by others


    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    Far beyond my skillset.
  • mickeyrat
    mickeyrat Posts: 44,428
    edited February 2018
    unsung said:
    Far beyond my skillset.
    fwiw I dont believe you'd engage in criminal activity to begin with despite how you feel about some laws on the books.
    Post edited by mickeyrat on
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • Halifax2TheMax
    Halifax2TheMax Posts: 42,229
    mickeyrat said:
    unsung said:
    Far beyond my skillset.
    fwiw I dont believe you'd engage in criminal activity to begin with despite how you feel about some laws on the books.
    C’mon, everyone cheats on their taxes, some more than others.
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

    Libtardaplorable©. And proud of it.

    Brilliantati©
  • mickeyrat
    mickeyrat Posts: 44,428
    Halifax2TheMax said:
    mickeyrat said:
    unsung said:
    Far beyond my skillset.
    fwiw I dont believe you'd engage in criminal activity to begin with despite how you feel about some laws on the books.
    C’mon, everyone cheats on their taxes, some more than others.
    you do enough that it rises to criminal prosecution or just civil fines and penalties?
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    Halifax2TheMax said:
    mickeyrat said:
    unsung said:
    Far beyond my skillset.
    fwiw I dont believe you'd engage in criminal activity to begin with despite how you feel about some laws on the books.
    C’mon, everyone cheats on their taxes, some more than others.
    I prefer to retain as much as hard earned money as possible and will use every rule that I can to my favor in order to do so.  It is my money, not the government’s.
  • CM189191
    CM189191 Posts: 6,927
    unsung said:
    Halifax2TheMax said:
    mickeyrat said:
    unsung said:
    Far beyond my skillset.
    fwiw I dont believe you'd engage in criminal activity to begin with despite how you feel about some laws on the books.
    C’mon, everyone cheats on their taxes, some more than others.
    I prefer to retain as much as hard earned money as possible and will use every rule that I can to my favor in order to do so.  It is my money, not the government’s.
    If you’ve been successful, you didn’t get there on your own. You didn’t get there on your own. I’m always struck by people who think, well, it must be because I was just so smart. There are a lot of smart people out there. It must be because I worked harder than everybody else. Let me tell you something — there are a whole bunch of hardworking people out there. 

    If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you’ve got a business — you didn’t build that. Somebody else made that happen. The Internet didn’t get invented on its own. Government research created the Internet so that all the companies could make money off the Internet.

    The point is, is that when we succeed, we succeed because of our individual initiative, but also because we do things together. There are some things, just like fighting fires, we don’t do on our own. I mean, imagine if everybody had their own fire service. That would be a hard way to organize fighting fires.

    So we say to ourselves, ever since the founding of this country, you know what, there are some things we do better together. That’s how we funded the GI Bill. That’s how we created the middle class. That’s how we built the Golden Gate Bridge or the Hoover Dam. That’s how we invented the Internet. That’s how we sent a man to the moon. We rise or fall together as one nation and as one people...You’re not on your own, we’re in this together.
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    Yeah, everyone took the risk, sure.  
  • PJ_Soul
    PJ_Soul Vancouver, BC Posts: 50,674
    Halifax2TheMax said:
    mickeyrat said:
    unsung said:
    Far beyond my skillset.
    fwiw I dont believe you'd engage in criminal activity to begin with despite how you feel about some laws on the books.
    C’mon, everyone cheats on their taxes, some more than others.
    Are you being serious?
    With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata

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