What: Cryptocurrency Traders Year-end Party + Live Trading Competition (FREE)
When: December 7, 2019 (Time: 3:30 PM – 9:00 PM)
Where: Launchgarage Innovation Hub (Quezon City, NCR, Philippines)
SOURCE

What: CRYPTO TRADING FOR NEWBIE ( INTRODUCTION TO CRYPTO (FREE)
When: December 9-23, 2019 (Monday to Saturday) (Time: 7:00 PM – 9:00 PM)
Where: 5th Floor Accelerate Office Phinma Plaza (39 Plaza Drive, Makati, NCR, Philippines)
SOURCE

What: IT Park Blockchain monthly meetup - Cebu (FREE)
When: December 19, 2019 (Time: 7:00 PM – 9:00 PM)
Where: The Civet Coffee (Skyrise 4 Cebu IT Park, Cebu)
SOURCE

You got some international group of lawyers or something?


I would be interested to see how this develops but the OP mentioned a minimum of $10K already.

I always try to keep at least 5 smerits in reserve and the most number I've held was 20+ if I'm not mistaken. I don't see anything wrong with hodling them for more than 24 hours or more than a week because I always have the intention of distributing them. It's just a matter of finding that special, helpful or interesting post/comment. I believe that's also the same case with some non-merit source here.

In the OP


Again, in the OP

Move this on beginners & help or trading discussion boards. See option to move topic below (left side).


What do you know so far? Have you read any trading books? You can find a lot of them online and some of them are even free. Type "crypto trading strategies" and you'll get plenty of links to read on.

Of course you can read many trading books or watch many trading videos but implementing those strategies is harder than you would think. Your best teacher really is experience.

Mangyayari talaga ito. School teachers, students, reviewers, and even accounting book authors will have to learn the basics of cryptocurrency. I would not be surprised kung magkaroon din ng specialized field para sa crypto ang mga accountants.

Day 27

1. Philadelphia 76ers
2. New York Knicks +7
3. Toronto Raptors
4. New Orleans Pelicans

You will surely get your 1000 merits before you can reach the minimum activity for a legendary rank. Congratulations in advance!

Ibig mo bang sabihin sa self-employed ay yung sole proprietorship? Kung yun nga, hindi naman na saklaw ng SEC yun. Pagdating naman sa accounting, ewan ko lang. Yung nilabas ng PIC ay specific para sa business entities.

Wala yata ako sa posisyon para magbigay ng tax implications nito. Mas maganda kung sa BIR manggaling 


Yes, this is the direction that the SEC is going right now. Madalas sinasabi na isa sa key para sa mass adoption ay yung more involvement ng mga local businesses sa crypto. Tingin ko papunta na din tayo dun dahil na din may mga set of guidelines na kung paano ang recording.

It's usually informative and helpful.

There is no specific style of presentation or length. For content, other than what I already said above, it helps if the post or comment is not repetitive (it hasn't been said/discussed already). For presentation, at least have a good format (spacing, bullets, tables, etc.).


"Quality" is subjective. Sometimes, quality posts are not seen because they are posted on spam boards like Altcoin discussion. Many senior members here rarely reads topics on that section.

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Congrats on your new rank!
It's also refreshing to see forum members from Nigeria who aren't using the racism card. Keep contributing.

Anyone who would buy your services is lazy enough to think or create their own post. I doubt they will still find time to check if it's plagiarised or not.

With online text spinners also, it becomes harder to detect plagiarised content/s.

Those who are planning to get this peron's service should be very careful. A hero account was already banned for having someone post in his/her behalf. Bought or hacked accounts will most likely grab this offer.

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I don't see it as against the forum rules but DT members might have a different take on this and tag anyone caught buying such service.

Keeping it short and simple is actually pretty challenging. It's quite difficult to simplify technical information so that readers could easily digest. The key there is to know who will read your piece. I just posted one and to be honest, I'm still not sure if I will be able to achieve what I intended to do.

These Art Badges could be beneficial to those who are selling crypto-related art stuffs in the forum like Yatsan. It could add more value to his paintings. Future collectors might also want to have their piece created by someone with an art badge.

Day 26

5. Miami Heat +5.5
7. Oklahoma City Thunder
8. Dallas Mavericks
9. Los Angeles Lakers +2.5
10. Portland Trail Blazers

Last November 2019, nag-issue ang Philippine SEC ng Memorandum Circular No. 22. Nakasaad dito na gagamitin nila ang Accounting for Cryptographic Assets na inilabas ng Philippine Interpretations Committee (PIC) sa Financial reporting rules andregulation.

Medyo technical ang topic na ito pero susubukan kong simplehan lang para sa mga wala masyadong background sa Accounting. Hindi din masyado specific kung ano ba talaga ang recording pero atleast may mga guidelines na depende kung ano ang nature or main purpose ng cryptographic assets at kung paano ang magiging valuation nito.

Unahin muna natin ang definitions at inherent value na nakasaad sa PIC:



As you can see from the above image, may apat na classification para sa mga cryptographic assets.

• Cryptocurrency - more like mga Coins para sa atin (may sariling blockchain)
• Asset-backed token - ito yung mga backed by fiats, gold or other minerals, physical assets, at iba pa.
• Utility token - pamilyar naman siguro tayo dito (mga walang sariling blockchain)
• Security token - parang company shares din ito kung ikukumpara sa isang traditional business.

Recording or Reporting by Companies Engaged In Cryptographic Assets

This is Philippines creating our own reporting standards kasi wala pa talagang International Accounting Standards pagdating sa crypto.
Kung tayo meron tayong "Bitcoin" at "Altcoins", meron namang "Cryptocurrency" at "Cryptographic assets other than cryptocurrency" (Asset-backed/Utility/Security) sa accounting.

Gaya ng sabi ko nung una, walang specific standard, local man o international, sa pag-record ng crypto assets kaya maraming pwede paraan ng pag-classify nito:

I. Cryptocurrencies held by an entity can be treated as either Inventories or Intangible Assets

• Inventories - kumbaga buy and sell ng crypto lang ang ginagawa ng kumpanya dito (kung long-term hodling naman, hindi pa clear kung paano)
• Intangible Assets - walang physical form pero pwede ibenta sa iba at makapagbigay ng economic benefits sa isang kumpanya

II. Cryptographic assets other than cryptocurrencies held by an entity (Asset-backed/Utility/Security ~ "Crypto Tokens")

• Asset-backed - accounting will depend sa kung anong asset ang back up ng token. Kung fiat, treated as cash. Kung physical asset naman, treated as real property/equipment/machinery
• Utility token - pwedeng mag-fall under Intangible asset or under Prepaid assets (parang prepaid load, bumili ka para magamit yung network services gaya ng sending messages at making calls)
• Security token - treated as a financial assets similar to shares of stocks

Meron din yung tinatawag na Hybrid tokens. Yung pwedeng pasok sa asset-backed at utility, utility at security, o asset-backed at security. Kailangan pa daw ng dagdag pagaaral sa ganung klaseng token bago magkaroon ng accounting treatment.

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Meron pang topics about companies issuing tokens thru an ICO pero hindi ko na muna tatalakayin dito yun. Isasabay ko na lang siguro kung meron ng final rules and regulation ang SEC pagdating sa mga ICOs.

Please note also na hindi ko na sinama kung paano ang valuation ng Coins at Tokens dahil hindi din fix yan. I am only trying to give you a basic idea kung paano siya i-classify and I hope na ma-achieve ko yun.

For those who want to read further, click lang sa hyperlinks sa itaas.

Sa gawang Recto, ewan ko lang. Kailangan nila gumawa muna ng sarili nilang blockchain bago sila makapanloko 
Tungkol sa CTC, na-miss mo yung point ko. Using a digital certificate using blockchain, hindi na kailangan pa mag-request pa ng mga CTC.

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Wala ako problema sa opinyon mo pero mas maganda siguro kung balikan mo muna yung OP o kaya yung source. Yung binanggit mong mas madali dayain is one of the main reason kung kaya naisipan na gumawa ng digital certificate gamit ang blockchain.
- Mas madali dayain ang mga de papel
- Mas madali at mas mabilis mag verify kung ay certificate ay nasa blockchain

Hey, welcome to our local board. Some of the Tagalog words (Filipino language) by the online translator you used are quite deep  
Thanks for the added info on Kalemder.

Anyway, congrats on being voted at no. 1 and winning that Art badge! Well deserved.

I like the idea but it's not that easy to implement. Malamang dadaan pa yan sa mga mambabatas natin. Some camps opposed the passage of national ID law before and they claim na invasion of privacy daw at kung ano pang mga dahilan nila. I bet mababaliw na sila kung maisasama pa yang mungkahi mo na ikabit yung ibang personal information, like digital certificates, sa ID.

Sure na meron yan. Ang diperensya nga lang ngayon ay mas madali at mas mabilis ng ma-verify kung legit o fake ang certificate. Isa pa, dumarami na din ang mga natututong mga estudyante (na future employees/employers) sa blockchain tech kaya malamang na hindi sila madaling maloloko.

Wala pa akong makitang info dito pero most likely sarili nilang blockchain.

edit: They will use BCB Blockchain