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Hi, I am a recent member of the forum so donīt expect very intelligent questions. I just read about the merit system but, as I understand it, if I make a question in the forum and someone gives a good answer I canīt do anything to reward him or her. I would have to wait for another member that has merit to give away and notice that I have been helped.
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There are always forks here and there, but they are rarely justified and they are rarely followed. Making a fork of ethereum makes no sense, as it is going to have many relevant updates next year and there is nothing particularly wrong with it. |
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Excuse me, I took a look at your white paper.
Reading page 27 of your WP it looks like you are launching a project selling 1 million tokens for a minimum of 1 dollar each. However, the total number of tokens issued is 7.5 BILLION!!!
Basically, you pretend that your project is worth 7.5 Billion (minimun) and you are telling us to avoid get rich quick schemes. You REALLY HAVE BALLS MY FRIEND!!
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As I have been reading, Ethereums success and expansion is leading to new challenges: growing need for storage space, thus growing costs and at the same time issues like fewer who want to run full nodes and risk that the network could be run by few (and more centralised?). https://www.coindesk.com/blockchain-bloat-ethereum-clients-tackling-storage-issues/Developments are ongoing (protocol changes towards sharding), but not quickly enough to deal with all these challenges. https://www.coindesk.com/modest-proposal-vitalik-unveils-multi-year-vision-ethereum/But besides technical developments, since energy is a significant cost, what about countries where energy costs are pretty low and not growing sharply (okay, at the same time you need to have a stable and permanent connexion, both for electricity and internet) as well as safe/secure? Anyway, as often in our society, energy is the key...:-) Your statement of changes not being quick enough is very subjective. The transition to PoS and Casper are planned, but there is already a solution called Raiden Network. You may want to take a look, as it is fully operational and allows micropayments. |
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I guess that the question should be what is a cryptocurrency, so here we go, what makes something a crypto or not a crypto?
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I do not agree with the main conclusion nor consider the evidence provided particularly good. Basically you have taken the graphs of the companies that did well. To be accurate, we should have other that went bankrupt. Yes, we are in a bubble, but we are in a bubble also every other week, so ...
However, I like this analysis because it shows that some of the stuff out there will eventually proof that is valuable and those who saw it early will be rewarded.
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Among the variety of coins, I would make at least these groups:
- One is sh*tcoins (no innovation, should not even be there)
- Privacy aimed coins - Monero, ZCash, Electroneum, Onion, Verge,...
- Non really anonymous - Bitcoin,...
- Non-anonymous token and code coins - Ethereum, Neo, Xem, ...
- Not really cryptos - Ripple
What do you think will do the governments as far as regulations or even bans with each of the groups? How may the value be affected?
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My questions is not on the technical side, since obviously you can create an address in a very much anonymous way. However, when it comes to spending it or convert it into fiat or even when spending it on a legit shop online you have to leave an identity trace. I know that with small transactions is fine, under the radar basically, but what happens with significant ammounts?I am asking this because I intend to become rich in 4 or 5 weeks  Well it depends entirely on how you intend to handle said amounts. If you decide to deposit it to your bank account in one go, you're likely going to sound alarm bells. It depends on your jurisdiction, but in the US, any transaction amounting to $10,000 or above would cause your bank to file a currency transaction report -- that doesn't mean anything by itself, but you may find yourself being questioned. Breaking it into small amounts won't do either, because it's called structuring, and it's a crime. You can probably get away with transferring a few hundred dollars a month without raising suspicion, but depending on how much you're planning to cash out, it might take ages. The most 'anonymous' way would probably to find a third party buyer, but that could also prove challenging because he would need enough cash (if he wires you the money then you basically have the same problem lol), and he would know your identity anyway. All things considered, if you plan on getting rich in a few days, the most convenient way would probably be to declare it and pay the proper taxes. Oh, I was just trying to be funny, I donīt know any legal way of getting rich in a few weeks. But I am interested in anonymity still, because I donīt think anyone has to know what I do with my stuff. |
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What should I do to become a better translator and be accepted in bounties?Right now my portfolio only has 2 project.By the way, if somebody need a translation English > Romanian please pm me.Thank you very much !
Don't take any offence, but I don't think many ICOs are going to need a Romanian thread. Are people in your country particularly heavy investors? |
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Which wallet is good to store ERC 20 tokens for long time?
Desktop or Android based?
I would go for etherwallet. It lets you print a paper wallet that is ideal for long time storage. Unfortunately is also ideal to loose it or get it destroyed by water, so... backup. |
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Ok next question I would like to ask that you are looking how to tax your amount or how to evade tax?
Regarding taxation, if you can't verify input amount with adequate proofs, whole final amount will be consider as your income. So you have to pay income tax on whole amount according to US tax slabs of 10%, 15%, 25%, 28%, 33%, 35%, or 39.6%.
Regarding evasion, I can't suggest you any viable mean. You have to co-meet local accountant and blockchain advisor to reach adequate measure.
Oh wow, that is a very good reason to keep all your receipts and accounts in order. Frankly, I don't have huge investments but I would not like to pay tax on something I have not earned. I am not and US resident, and I am happy bout that when it cames to taxes. |
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I am a newbie and I would like to ask for some share on how to earn free altcoin. Help me
In any case, it does not take that long to become a Jr Member, and in the way of doing so I am learning from the members that have been around for a longer time. So, in a way, I am on my way to ear altcoins with bounties and such. |
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I am a newbie and I would like to ask for some share on how to earn free altcoin. Help me
There are many ways to get free alt, that is, free because you don't pay with money. For example, join a bounty campaign and use telegram, twitter and write blogs to get bounty. It takes time, but you will get something. |
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Any good mixing services out there? Also, I have read bout some transaction acceleration services... are they technically possible and effective?
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Apparently yes, but you need to act very carefully, because anything you do online is traceable, and you can bet that government agents are monitoring the blockchain just to see if something interesting happens... Be careful!
It is not anonymous. You can't hide you transaction. I believed that every node you used can store your IP Address. That's why others are using a mixing services to hide all their footsteps. And then there's the issue of cashing it out to a exchange platform. They will require you to submit documentations, revealing yourself. And then there's blockchain analysis as well. If we really want total anonymous, look for a privacy coins like Monero and Zcash. Do you know any legit mixing service that I could use? Is it expensive? |
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I am going to open an account on Livecoin, but I have no references so I would like someone telling me about it.
You need references to make an account on livecoin? Yep, I just wanted to have a few comments and about its reputation. Also, I don't see any KYC or identity check. Is it not necessary for withdrawals? |
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Ethereum is quite different from bitcoin in the sense that the value of the coin is linked to the thousands of tokens that are being built on top of the smart contracts and the ERC-20 compliance. Not even ETC is able to reach the value of ethereum for that reason. That is why I think eth is vastly superior to bitcoin. |
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My questions is not on the technical side, since obviously you can create an address in a very much anonymous way. However, when it comes to spending it or convert it into fiat or even when spending it on a legit shop online you have to leave an identity trace. I know that with small transactions is fine, under the radar basically, but what happens with significant ammounts? I am asking this because I intend to become rich in 4 or 5 weeks |
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Garbage coin - helping to clean the world! Who wants to start coding? We could ride the wave and get some free advertising by calling it garbage bitcoin! Nowadays so many new garbage coins are being called bitcoin this or bitcoin that, I'm sure it would be a success!
There was some scam company that offered a stake in recycling for Bitcoin so you wouldn't be the first.
To make the garbage coin fully successful you would need two extra ingredients. Firstly, add a color, so you have ethereum blue, bitcoin red, bitcoin gold, etc... so it would be Garbage Bitcoin Brown. Secondly, you will need a recommendation of John McAfee |
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What degree of detail do I have to keep in order to properly declare my taxes regarding cryptocurrencies? Every operation, investment or ICO has to be recorded? I also have done a bit of mining and I have no idea on taxes regarding that.
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