That's great, it's always better when you can withdraw your crypto directly from your wallet. OWNR wallet added this feature months ago, I've been always using this wallet.
After using such a service, you will immediately de-anonymize your metamask wallet. Not everything that is convenient is good for you. For example, to exchange, I first exchange one cryptocurrency for USDT, and then exchange USDT for cash in my country. And a similar service is available on all major crypto exchanges. |
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Ever since ETH adopted PoS, things have been going into the wrong direction. The network is as centralized as ever with a few big players controlling a large portion of ETH's supply. On top of that, the vast majority of nodes are running on top of Amazon Web Services (AWS). If developers don't do anything about this, ETH will become as bad as XRP in the future. My biggest concern is not only this, but also Ethereum creator Vitalik Buterin. The project is too tied around him. So if he dies (God forbid) or something bad happens to him, you expect ETH's market prices to go all the way down the drain in an instant. It's likely ETH will become worthless after this. What do you think? Is the endgame for ETH approaching? Will it be possible for ETH to become decentralized again? Or is it already too late? Your input will be greatly appreciated. Thank you.  If Amazon Web Services goes down, other validators will make more money. Vitalik Buterin has already spoken on this topic, and now they are developing a solution so that the node can be run on a smartphone and will improve decentralization. There are many interests of large financial companies in Ethereum, and Vitalik’s departure does not threaten the ecosystem with collapse. |
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Do you disagree with the fact that the SEC does not want capital flowing from the dollar to cryptocurrencies or with the second proposal?
With the second, as you had said this before: I have always had an alternative opinion about the rise of Bitcoin and I believe that this asset was manipulated for a long time by certain people who mined it in the early years and bought it cheap.
I have argued that I don't think it is correct in my previous post. The thing about the SEC not wanting a lot of money to go into cryptocurrencies seems more plausible to me but I don't have enough elements of judgment to pronounce with certainty. The SEC has its own game, but don’t you see that they are drowning some projects and not touching others at all, for example Ethereum? The head of the SEC doesn't even want to talk about it Well, if you don’t believe that the price of Bitcoin is being manipulated, then look at the price charts, when the price per day falls very much or rises for no reason. That is, the main reason is to cut the hamsters who trade with their shoulders. |
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So for now, as I have said, it's free for all, but when crypto regulations are point into place by different countries, this scammers will have no way to steal money from crypto investors again.
Fraudsters will find a way to deceive an illiterate person, so the only way to lose money from the actions of scammers is to constantly improve your literacy and work with proven services. It is better to make a deal and not get extra 2% than to lose the entire deposit.And a fool always loses a coin. |
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There are bitcoin ETFs in Europe and Canada, and they are not very popular. Many experts say that the spot Bitcoin ETF will be accepted in the US, but the prices in the market are recouping these events earlier.
Bitcoin has a chance to cost even $ 100,000, but manipulators will not do it instantly, and on pumps and dumps they will take a lot of money from hamsters.
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~snip~
I think that the exchange should become a tax agent and withhold traders' taxes and send data to the tax office. Then it will save a lot of time.
It would be the simplest for clients because they would not have to do absolutely anything when it comes to paying taxes (of course not in the case that CEX only sends data but automatically charges tax), but again the question arises why CEX would take on that part of the work when there are competent services for that. In addition, how to collect tax from clients from different countries, say within the EU, who use the same CEX, but have different tax rates? And who in your country makes tax returns for employees who receive a salary. In my country there is a concept of "tax agent". My employer performs this function and submits an income tax return for me and withholds tax from the salary, which he then transfers to the tax bank account. If every citizen did this on their own, but it is unprofitable to administer some taxes, because the costs for all actions will be more expensive than the tax itself. But it’s easier to work with a salary, because it is paid several times a month, but how to check traders who have thousands of transactions on crypto exchanges? And if the trader does not agree with the decision of the tax inspector and goes to court? What if a thousand traders go to court? The system collapsed. On the exchange, traders go through the KYC procedure and the exchange can withhold tax depending on the citizenship of the trader. This system is also not perfect, but it saves a lot of time and money for the government. |
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https://twitter.com/paoloardoino/status/1698943028541419795"While @Tether_to reached 72.5B exposure in US t-bills, being top 22 buyer globally, above United Arab Emirates, Mexico, Australia, Spain, ... $USDt is the most used stablecoin in the world, with a huge focus on emerging markets. For many of these communities USDt is a lifeline to protect themselves and their families from the insane inflation of their national currencies." https://twitter.com/WallStreetSilv/status/1698593300410708011"China's ownership of US Treasury debt is down almost $481B from peak levels. The rate of selling is accelerating. For many years the experts always doubted that China would dump our debt because of the impact on their own economy and currency. You can see how the line is steepening. China is getting out of US debt and buying Gold instead." 
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Of course they'd like total surveillance and it was said long time ago that exchanges are the weakest point of bitcoin and that's what these crooks from the government are attacking. They're even going after the ones that were trying to play by their rules (coinbase).
Let's hope Biden administration is not there anymore by the end of next year. This cancer has to be cut out. I don't think we were getting so much negativity towards cryptocurrencies. from any other US government.
If you hope for the improvement of the situation in the centralized exchanges, then your hopes will die. All large and medium exchanges will introduce the KYC procedure and they will work according to the FATF rules, as in this topic https://bitcointalk.org/index.php?topic=5465881.0Each transaction for withdrawal from the exchange will be verified, so you do not need to be 100% sure that you will be able to withdraw your money. Better study decentralized exchange services. They are inconvenient and not suitable for trading, but they allow you to own your coins. |
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If I transfer BTC into my Coinbase account from a personal wallet, and then sell my BTC for Fiat/USD... am I subject to tax obligation?
If yes, how much? In other words, what type of taxation am I subject to?
Intuition says there is no tax, for this is not income, is this true?
Just as Fiatless commented earlier, crypto taxation varies in different countries. Taking my country for example, the crypto tax is newly implemented, it is just few months old actually and it is 10% of capital gains. The procedures and guidelines to enforce the tax is being worked upon by the Federal Inland Revenue (FIR) and Joint Task Board but my guess is, it will be through centralized exchanges that have the jurisdiction to operate in my country. The tax implementation is still not glaring at the moment but I think P2P users will be able to get off the hook. Have you already been required by regulators to file a tax return on the coins that you hold for the initial count of profits? In my country, if you trade on an exchange, the tax is withheld by the broker. I already wrote about the situation in Europe, when every quarter exchanges send dozens of terabytes of trade logs of European citizens to the tax office, and the tax office does not know what to do with it. I think that the exchange should become a tax agent and withhold traders' taxes and send data to the tax office. Then it will save a lot of time. |
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@zasad@. I predict that this will be another case where the SEC will try to stretch the securities laws but when the companies requests for guidance to avoid breaking the law, the SEC refuses to give it to them.
The SEC then will make an indictment, they will face a judge and this judge will do uncle Gary's job again for him and declare that these tokens are not by themselves securities.
Any official response can be used by crypto project lawyers against the SEC, so they don't say anything intelligible. Previously, the SEC was famous for having the best lawyers in the world and all companies were afraid to sue them, but now, if there are no other options, then big business will seek their rights in court, so I fully agree with you. Judicial practice will become law before laws are passed. |
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Наверное что то стоило бы поменять в самой технологии и формах оплаты подписных.
Например делать преимущественно индивидуальные предложения, или как то так более индивидуально. Особенно для технарей которых уже не осталось. Это аналоги рекламы знаменитостми получается. Но и сама знаменитость форума должна доверять конторе, которую рекламируют.
Ну тут, как справедливо заметил Ратимов, кто платит, тот и заказывает музыку. Технологию и форму оплаты подписных, естественно, определяют баунти-менеджеры подписных. Если они придерживаются какого-то правила в течение многих лет, то наверняка в нём есь рациональное зерно. В основном всё направлено так или иначе на выявление качественного и органического постинга. По поводу органичности - я думаю, именно этим обусловлено известное пожелание, чтобы постер позиционировал свою работу как хобби. А касаемо индивидуальной работы - так по факту так и происходит. Могу сказать по Синбаду - Ройс777 достаточно гибкий в этом плане человек. здесь дело по моему не в 10 долларах и 5 лишних постах https://bitcointalk.org/index.php?topic=5446619.msg62803586#msg62803586 |
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Глупый вопрос, но Россия есть  |
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Cryptocurrency:
Cryptocurrency is a digital form of currency that not controlled by any government or any central authority.
In crypto, there is a high rate of return as compared to the real-estate. Cryptocurrency is decentralized (not controlled by any authority or any government). In crypto, u can trade at any time according to the condition of the market you can trade for a long or short period of time. As you wish. But in crypto, the price can swing at any time because any good or bad news is able to change the game.
Real-estate:
Real estate investors are those who purchase property to make profit. They buy residential, commercial or invest through funds. They make money when the value of the money over time increases. Real estate provides us with a physical asset that can provide us security and stability as compared to cryptocurrency. Real estate property has high potential as compared to crypto to increase its value after a period of time.
Which one do you prefer?
I know people who have a lot of cryptocurrency, but they have never declared their cryptocurrency income. Buying real estate in many countries is closed to such people, and buying real estate in the Emirates at inflated prices would be a bad investment. I can even say from my own experience that the payback on real estate takes more than 10 years, and in cryptocurrency trading the income is very high. |
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https://cointelegraph.com/news/uk-crypto-travel-rule-comes-into-effectUK’s Travel Rule comes into effect, could halt certain crypto transfers "The crypto Travel Rule, which came into effect on Sept. 1, aims to stop money laundering and terrorist financing activities carried out on-chain. Crypto asset businesses in the United Kingdom could now begin withholding certain crypto transfers to comply with the new Travel Rule for crypto that came into effect on Sept. 1. The rules targeting virtual asset service providers were first introduced by the Financial Conduct Authority on Aug. 17, requiring that VASPs based in the U.K. “collect, verify and share information” relating to crypto-asset transfers. If an inbound payment is received from a person or entity from an overseas jurisdiction that hasn’t implemented the Travel Rule, the VASP must make a “risk-based assessment” as to “whether to make the cryptoassets available to the beneficiary.”"
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The SEC does not want capital flowing from the dollar to cryptocurrencies. A spot ETF will attract large capital to the market, with which they will buy bitcoins, so the old manipulator will lose its influence in this market. Now, manipulating the price of Bitcoin will require a lot of money.
Interesting theory or stupidity?
Well, I wouldn't call it stupidity out of respect for good debate among forum members, but I don't agree with the theory. Someone who has a lot of bitcoins from the early years, if a lot of money comes in to buy Bitcoin for the ETF, what they are going to be is richer. Besides that in the early years it was much easier to get them, even mining with a laptop and cheaper. If someone had, for example, 200,000 Bitcoins from the early years, Saylor with all the money he has spent, several billions of dollars, would still not have as many Bitcoins as him (Saylor has personally 17,732 and MSTR 152,800). I don't know what the current holders of large amounts of early bitcoins will think, but if I were one, I would want a lot of money coming into the market. Do you disagree with the fact that the SEC does not want capital flowing from the dollar to cryptocurrencies or with the second proposal? You are describing an isolated case where the first users stored bitcoins for a long time. I also had bitcoins, which I bought for 300-400 dollars, but I sold them with a small profit, because then I did not believe that cryptocurrencies would be expensive. |
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https://www.bleepingcomputer.com/news/security/crypto-casino-stakecom-loses-41-million-to-hot-wallet-hackers/Crypto casino Stake.com loses $41 million to hot wallet hackers "Online cryptocurrency casino Stake.com announced that its ETH/BSC hot wallets had been compromised to perform unauthorized transactions, with over $40 million in crypto reportedly stolen. The platform immediately reassured users that their funds were safe, and all other wallets not directly impacted by the attack, including those holding BTC, LTC, XRP, EOS, and TRX, remained fully operational." ___ https://twitter.com/peckshieldalert/status/1698870451815285045"PeckShieldAlert A total of ~$41M worth of cryptos were drained from Stake.com , with ~$15.7M on #Ethereum (9.62K $ETH), ~$7.85M on #Polygon (14.24M $MAITC), and $17.75M on #BNBChain (82.65K $BNB)"
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The government is trying to avoid some things like inconsistencies and at the same time wants to be efficient in the cryptocurrency regulations and taxation. In as much as there is no uniform yardstick to measure these taxes, there will always be a problem.
If for instance the government wants to tax only bitcoin earned from services, and exclude bitcoin that I sent to coinbase for only conversion purpose, how will they be able to manage it. It therefore means that everyone working and being paid will pretend that it is their personal bitcoin they want to convert to fiat. We must continue to manage until there is a better waybof taxation. The system is flawed for now.
Of course, there are many situations when a user can get problems from his own stupidity. P2P exchange. The user uses his own money to buy Bitcoin on the Bisq P2P exchange for $10,000, then sells Bitcoin via bank transfer for $11,000. So, the tax office will most likely consider $11,000 as income, although you earned $1,000. Therefore, in financial transactions you need to study tax and criminal laws first. |
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