So this is just an indication that the upcoming government is really not here to make some changes that would harm the crypto industry. I know new rules might be imposed but this is just something that we need to accept because like I said the crypto industry have turn heads again and with this much attention you would expect that the government will be involve in several kinds of ways. For me I think the biggest concern for crypto-users will be mostly in adjustment just like what they are experiencing everytime they file their income report with the IRS related to cryptocurrencies.


From what I have seen crackdowns that is implemented by the government is either through KYC and AML procedures most of their tracking is with the assistance of chainalysis which have shown that even government agencies like FBI and DEA have been funding them and aside from that they always have the power to trace someone through crypto-related businesses like what they did with Coinbase during the Twitter hacking. We can see a bunch of this if crypto will be used more.

This is pointless to be implemented in the country unang-una sa lahat na-consider na ba nila yung capabilities ng ibang tao para dito? Paano na yung mga jeepney driver, tindera/tindero sa kalye, pedicab driver, o di kaya mga tao na walang ka-alam-alam sa mga ganitong technology? Can you imagine you using your ID just to pay for a jeepney ride? It would be highly inefficient maliban nalang kung modernized na lahat ng jeepney natin na may barker sa loob. Before nila sana i-digitalize ang payment natin dapat ma-improve muna nila yung capabilities ng lahat if kaya ito. I know kung nasa middle-class o above ka makikita mo na win-win para sa lahat ito and everyone is up for modernization pero hindi pa lahat handa sa ganitong pagbabago.

As long as it is all about regulations and not some kind of blanket ban for crypto I can still see the US thriving for cryptocurrencies. Also Hester Pierce the know mother of crypto is still in term until 2025 so I think there will still be some kind of debate and not a one-sided kind of policy making. Changes or upgraded kinds of regulations is something we really need to adjust and I think there will be no surprises in that area because we all know these things have a high chance of happening everytime Bitcoin and other cryptos are pumping in price. Other than that I think the SEC already knows the potential effect the economy of the US will have if they have some kind of ban against crypto so I don't think they will go at that point.

Before you say CoinSwitch is a scam and blame everything on the user about lacking research and everything he posted an update and the exchange from his ETH to BTC has push through,


He posted updates after following the tips of the users and one of that is creating another ticket because the first one he made didn't get any reply. Now for those basing their research on review websites I think they can barely help at all, first of all they are filled with biases and most probably he will be like the same ones as this user thinking that it was a scam just because his switch/exchange got delayed but a delay for me isn't a scam but a bad customer service.

Unfortunately I don't think exchanges with reputable names will allow you to trade with their OTC desk because this is a service for institutional customers only. Like Coinbase they have what they call Coinbase Prime for their OTC desk and the only customers they are willing to take are large volume buyers/sellers aka Institutional investors or traders. Also when it comes to you trading via OTC on a reputable exchange I don't think you have to worry about anything as long as you know the basics about security like you not providing your private key or any other info that will lead you vulnerable to any hacks.

When it comes to privacy here is what Coinbase has to say in their OTC pdf.

If you won't be dealing on large quantities of crypto I don't think OTC trading is suited for you since you are better off trading in a normal trading platform.

If you are open for a foreign/non-resident co-founder in your project just make sure he has visited US or at least have a VISA in the US as you might have problems when it comes to registering your company with a co-founder not being able to visit the country as well. Also with a project this big (potential 800,000$ profit) I'm assuming that you are looking for big investments as well as highly skilled people which from my experience you will barely get anything here from the forum so I think you might have better chances on maybe asking people who you are close with or you have work with before since I think this is a better route to go.

His case is different though as the guy from that thread already has his alias and password on zoltanb's client he has forgotten his password and his only option is to use brute force to know it. Also based on what I have read the support team of blockchain.com can't do anything with your account if you have forgotten your password so I think his best option right now is for him to just brute force it starting from the passwords he remembers using and variations near it.

You might see this as a negative comment but for me this is a fair statement coming from the government warning their citizens that they might lose their money especially right now when the price of cryptocurrencies are high, why? Because this is the time where crypto is hyped up and the newbies enter in the crypto market at not the best time possible where they are buying cryptocurrencies who have already taken off thus them having a portfolio without any kind of margin of safety. That fact combined that most of them don't have any trading experience at all is just a recipe for disaster which already happened during 2017 and it might happen again now where a lot of people think buying crypto and sitting down is the only thing they need to profit from it.

Well you still won't get any kind of exemption even if you sold your cryptocurrencies to a tax exempted country, taxation simply doesn't work like that since the tax that will be applied to you is the one where you are currently residing in regardless whether you have sold your cryptocurrency internationally. The profit/capital gains you will have from that sale of crypto would still be taxed at 20%, actually you might just be risking yourself to a scam looking for a buyer online on a international country with you having little to no experience with dealing it. My advice is for you to just pay your tax as I don't see any way around it but try to look if you have some kind of tax exemption or lower rates for assets held over the year since several countries have lower rates on long-term held assets.

There is a clearer explanation here shown as a tax table (p. 67) created in this pdf coming from the IRS website. Also I don't think they are "promoting" it per se because the short-term and long-term capital gains rate applies to all kinds of assets and it doesn't only apply to cryptocurrencies so taxes in long-term assets might have lower rates since they are expecting more income from this capital gains rather than short-term ones which you will just get from day/swing trading.

Note: Keep in mind that some cryptocurrencies that are labelled/classified as securities might be covered in the marked-to-market rule of the IRS which treats the Capital Gain on a 60-40 basis. Capital gains in this rule is treated as 60% long-term capital gain and 40% short-term capital gain regardless on how long have you held that crypto. Bro the taxing laws in the US are so messed up. 

Yeah my idea is we are all adults (at least me and my friends are) and they know that they need to be independent when it comes to making their own decisions but really I myself personally cannot feel guilty just by thinking a chance that I have made my friends lose money because I somehow influence their decision. When it comes to exchanges or what kind of wallets they would store their Bitcoin in I can answer all of that kind of questions but when you ask for me for an investment advice this is something that I am afraid to answer because I don't want to take any kind of blame. That's why I always say DYOR to them because even my views can somehow be biased or inaccurate that they will also be affected because of it.

On my side of things I want to teach my friends everything that I know in the crypto industry especially on Bitcoin but when it comes to the question with regards to buying or selling I ultimately avoid answering it and explain to them that this kind of decisions are supposed to be made by you. Why do I avoid it? Because I don't want my friend to blame me when it comes to him losing money because he followed what I said even if he/she doesn't blame me I will feel guilty that he/she had suffered a loss because of me. That is what I am trying to avoid I still say Do Your Own Research (DYOR) even on my friends because of it. Also I think this is better because in the long run they can be independent when it comes to buying and selling cryptocurrencies.

Well for sure it is the first time I am seeing an author of a work being ok for people to profit from his work which for me isn't really a good idea. Since you have give the full version of your book they can also edit out your name and replace it with them to make it look like they are the ones who made it, so the appreciation you are hoping for won't really be credited to you but to them.


For a comic artist starting out you have the right way of making your work for free but if you continue this for the next episode/s and or series you will make I don't think you will be increasing your profit in that way. Yeah for sure you will be increasing your audience but when your paying customers see that you are just handing out your book for free I don't think that they'll be buying the physical comicbooks the next time you will release one. The only ones I can think of buying your comic books are the ones who are collectors hoping that your comic books will be valuable which I think won't be a lot especially that your comic book isn't really based on action or super heroes.

Hey bro with what you did giving away a free pdf version of your comic book is really commendable not only is the physical book for me is cheap but making the book available for free is really amazing, it just shows that you aren't here for profit and your contribution is something that people would really like. The bad thing about this is aren't you worried about other people profit from this? Since you have provided a full version of your book free to download I would expect others to take advantage of it and make it look like its their work and sell it on another website.

@OP also to avoid things like this happening since you are a newbie and the crypto industry is a whole new world for guys like you, I think for you not to get lost next time you must read some guides which you can find in the exchange itself on how buying ERC-20 tokens from them. Reading their guide it will clearly show you that you need to have a Ethereum address and not a Bitcoin address as your destination for your purchased cryptocurrency, I think what you did is you just copy and pasted your Electrum address as your receiving address without you knowing first the difference between a Bitcoin wallet address and a Ethereum wallet address.

Just my insight about this one if someone bought the claim and the affected people will be receiving cash for their recovered Bitcoin then it won't be taxable in any circumstance since it is not counted as income. But if you will be receiving Bitcoin directly I think it will still fall under capital gains from which I don't know how it will work since you will only receive the partial amount stolen from you and maybe you forgot what was the market value when you have bought Bitcoin during that time. Maybe just a big maybe they will just set a fixed price during that time before Mt. Gox got hack and your capital gains will be based from there. Again this are just my insights in this scenario and I haven't considered if partial recovered assets are exempted from taxes in the US.

Yeah that is why I have also said in my post that Bitcoin's blockchain is build like a public ledger but if we are talking about anonymity here I think there was a presence of it during its earlier launch when only a few people know it and use and the government never bat an eye for what they are doing during the early days, that is why people have a general belief that Bitcoin is anonymous and is also popular in the dark web as a payment method. It has no affect on Bitcoin there is no arguments with that but what the government is doing is affecting the users of Bitcoin because like I said there general belief is that Bitcoin is private but with what the government is issuing with their laws and regulations it is slowly fading away.

Bitcoin is in fact headed in the opposite direction as it is now being adopted by a lot of people the government is trying to catch up with their rules, regulations, and laws that will most likely remove the anonymity of Bitcoin if they haven't done it now. Before maybe you can send a huge amount of Bitcoin anonymously without using a mixer but now you'll be flag with these kinds of transaction especially if you are using a custodial wallet which these companies are known to help the government. If you are thinking that Monero has some kind of special exemption because of its anonymity in nature then think again since right now the government is even offering a cash reward just to help them figure out a way on tracking transactions happening with Monero. Bitcoin is one of the unlucky few since its Blockchain is built like a digital public ledger and not some kind of secret book where only a few can see.

I don't consider Bloomberg as a MSM since they only particularly focus on financial/business side of the news. MSM for me are companies like CNN, Yahoo, and Fox News which as of right now are also covering the news about Bitcoin's massive price rally. I don't know if I will be happy about this or not since I know now that the mainstream media is covering up good news that can potentially attract new people towards Bitcoin the downside to this is people might catch Bitcoin on the wrong time, in other words newcomers might buy Bitcoin just when it will fall down. This is what happened to Bitcoin last 3 years ago when the mainstream media have covered it and a lot of newcomers bought Bitcoin and after a few days all of them experience losses, now these newcomers shared their negative comments about Bitcoin which from what I have seen filled the forum with these kinds of topics. This is what I hate when the mainstream media catches wind about price rallies with Bitcoin it attracts unprepared people thinking that they can be rich just by buying it.

Sa tingin ko the biggest disadvantage the Philippines had is mas nauna nyang nalaman ang isang custodial wallet, coins.ph, kumpara sa mga non-custodial wallets kaya may tinatangkilik ng mga tao ito meaning what works for them ay ok na ito at hindi na kailangan pang palitan. Which for me is masamang ugali na hanggat wala pang nangyayaring problema ay wag munang ayusin. Dapat sa mga kapwa nating Pinoy palagi dapat nating praktisin ang seguridad dahil once na may nangyaring masama sa isang coins.ph eh baka huli na lahat at mawala lahat ng perang pinag-ipunan mo. Hindi ako narito para manakot pero may chance na ito ang mangyari lalo na mataas ang presyo ng Bitcoin na sadyang may dadami din ang illicit activities na mangyayari.