Your definition of 'illegal':

Illegal – Any use of cryptocurrencies, including purchase and trading, is considered illegal and prosecutions may be applied if discovered.

Then you have:


It's a bit weird to say Bitcoin is illegal in China, when majority of hashpower is located in China. They did crack down on exchanges, but, afaik, peer 2 peer and OTC trading is still allowed, just as possession of cryptos is.

How about tweaking the definition of illegality to include "heavy restrictions" on usage of cryptos, rather than suggesting that it's outright banned?

Just a heads up, the bridge was named "Dogethereum" but there already is (or was?) currency by the same name (ticker DOGX): https://bitcointalk.org/index.php?topic=2980293.0

Both have nothing to do with each other. As much as DOGX is pretty much dead (not even listed on Coinmarketcap) their website still pops out high in google search, which already causes confusion (as evidenced in linked thread).

Those are 2 separate projects and have nothing to do with eachother. There's Dogethereum (DOGX) - the currency (which this thread is for) and there's Dogethereum - a bridge between DOGE and ETH chains (the reason behind the recent DOGE price surge).

Easy to get confused.

As far as I know, DOGX is pretty much dead.

That's a good one especially when you realise that 'bitcoin' as a coin, doesn't even exist in a digital form. There's no string of ones and zeroes you could point out and say "there it is! there's my bitcoin". Only entries in a ledger...

Consequently, it's probably more accurate to refer to it as 'imaginary' currency rather than 'digital', although that'd be an awful marketing move...

 

Don't read the entire thread - just go there and ask for a quick run-down on upcoming forks and associated risks. I'm out of the loop on BCH affairs, so won't be much of a help, but, from what I understand nothing is decided yet so no one can clearly define the risks.

mocacinno was referring to a different fork - the fork that created BCH as a separate cryptocurrency.

To discuss upcoming BCH fork(s) (Bitcoin ABC, Craig Wright) - go to the relevant thread: https://bitcointalk.org/index.php?topic=2040221.0

God damn, this thread is useless. Came here to check what's the reason behind today's DOGE surge (~25% up in btc) and... nothing. Had to do my own research.

Apparently it's all due to 'DOGETHEREUM' launch, a bridge between DOGE and ETH:

https://povertay.wordpress.com/2018/08/28/everything-i-could-find-on-the-bridge/
https://cryptoglobalist.com/2018/08/29/why-the-release-of-dogethereum-bridge-is-a-big-deal-for-dogecoin-doge/

---

FTFY

As strange as it is, looking at the all-time USD chart, DOGE turned out to be pretty amazing investment, especially to those who got in pre 2017. Not bad for uncapped, inflationary crypto.

All good here. Haven't made any tx, but it's responsive, all seems smooth and not crashing. Are you running the latest version (2.11.1.17 for android)? Check for update if not.

I see in the spreadsheet you have few hero/legendary spots available, so applying (for the week 4 onwards):

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=183781
Post Count: 4454
Merit Count: 1060
BTC Address: 12cp7Qurdref35gPVmLLSnvsAZxBQwcSUW
Telegram Username: @TheRealCyberFalcon

I wasn't active on the forum in the last few weeks, but expect to have more time and dive back in. Let me know if accepted.

ps. Already joined both telegram channels

Hi. As I'm not very active on btctalk lately and likely to get kicked out due to not making the min. post count for the 2nd week in a row - I thought I'd just leave and make room for someone else.

Thanks for everything, it was fun. I may re-apply later in the future.

Forget about cutting down, nicotine alternatives and other bullshit.

Read "the easy way to stop smoking" by Allen Carr. Worked for me.

If quitting is hard, you're doing it wrong.

Currently there are 5 active topics on the 1st page of 'Scam Accusations' related to yobit (+many more further down).

All you can do is keep spamming their customer service email + social media channels and, most of all, stop sending funds to shady exchanges.

You mean "trained and licensed bounty managers"? Yeah, that'll never work.

All you need is to start banning managers who notoriously ignore spamming among own participants.

Yup it's a poorly designed scam. Their ANN thread is locked now (surprise!). Quick look at it and I see their claiming to already be producing physical locks, which is something rather easy to prove or disprove.

The entire concept would be doomed to fail anyway.

?

Less inteligence --> get scammed --> less wealth

Wealth/IQ correlation is holding pretty strong.

You sir, are an absolute spammer. What was going through your mind necromancing this 1 year old topic and posting completely irrelevant reply? Posting shit in spam mega-treads is not enough these days?

They don't ignore losses. The problem is when you don't make provisions towards tax (you don't put fiat money aside) and you wait till the end of the tax year. You're exposing yourself to crypto/fiat price fluctuation risk. Example (let's assume 20% tax):

Early in the year you made profit on crypto-to-crypto trade of 1 btc, worth $20,000 at the time.
Later in the year you traded with loss of 0.5 btc, but bitcoin price fell down to $6,000, so you lost $3,000.

At the end of the year the rate is 1btc = $8,000.

You would think that since your total profit was 0.5 btc x $8,000 = $4,000 - your total tax would be $4,000 x 20% = $800. But taxman is only looking at fiat value at the time of the trades, so: 1st trade profit $20,000 less 2nd trade loss of $3,000 = $17,000 at 20% = $3,400.

So, in this case, tax is 85% of your actual profit.


In the UK day trading that falls under 'speculative' category is treated at par with gambling. You don't pay tax on gains, but you can't deduct losses. Source: https://www.daytrading.com/taxes/uk

I recall seeing 2-3 threads where few senior members were giving merits away - anyone with decent quality and constructive posting history could apply and get rewarded.

Other than that, don't hope to get merited for 1-sentence posts in spam/mega threads. Hardly anyone reads such posts anyway. Try to do something useful. You claim to speak 4 languages, how about posting some useful translation to local boards (ie. forum rules, or explanation of how forum ranks work etc). There should be at least 1 merit source in every local board, so likely you'll get merited.

You should highlight major downsides of criminalising cryptos:

1 - Most civilised countries would allow cryptos and have them regulated one way or another. That means your country's gov don't have to re-invent the wheel, just copy laws/solutions from other countries, the ones that fit them the most.
2 - Having cryptos criminalised (while vast majority of the world allows them) make the government look tyrannical in the eyes of the tourists and own citizens.
3 - Due to the nature of the cryptocurrencies, people would still use it, whether legal or not. What banning really does, is just pushing people underground, incentivising the growth of the dark economy, contributes to the general distrust of the government and most of all - it means less control, no tax income and possible outflow of money abroad.

If the gov are still hesitant, they could adopt a more cautious approach and allow trial-run for exchanges with some trade/deposit limits per person etc. There are plenty of options, total ban seems the worst (or just the laziest) way to deal with the issue.