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Airbnb would be one of the genuinely useful merchant use cases considering how abroady it is. Unlike Steam the cross currency thing can add up. However Expedia didn't exactly set the world alight with their experiment but they didn't seem too enthusiastic anyway.
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Pointless cos there's no way to know what's lost and what isn't.
We'd likely be shocked at how many old coins are still accessible and similarly shocked at how many recent ones have been thrown away.
Quantum computing may possibly release all those lost coins which would make for a fruity moment or two.
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I doubt having multiple deposit addresses will make any difference when it comes to privacy as the addresses will be tracked against your account anyway.
It's just as much about others tracking you as the exchange. And on top of that sometimes you just don't want to bloody know how much you yourself have put through an address. Wirex only give you one address so the amount I've spunked on utter tat over the years stares me in the face every time I look at it. |
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You have control of how much you're willing to let slip. If you're committed you could in theory never link a real world ID to a transaction. In reality all it takes is one balls up and it's all blown to smithereens. No way could I be arsed to check myself every step of the way but if you're willing to stay alert it's conceivable.
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It is not a failure of centralization, but rather a failure of central planning. At such times, higher transactions are expected than normal. Therefore, it is better to allocate more resources to address them, which is something that occurs slowly in central solutions and can be rapid in well-designed central networks.
Bitcoin can act bad when congestion occurs and needs some time to fix.
Ultimately though that entire system routes through a pretty modest number of pathways. There have been national outages and there will be again. That's not possible with Bitcoin no matter what happens beyond a global shutdown or solar flare or something. In that scenario there are more important things to fret about than money. |
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People are waaay too comfortable with those nice shiny and friendly interfaces that appear like magic. They hardly ever stop to think that someone else created it, controls it and might be an absolute asshole.
The way the world has turned has created a pretty dangerous disconnect between your interface and whatever's going on at the other end.
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The only problem is how they plan to implement it, taxes will only work if they ask it in exchange which is local countries supported.
And how much they plan to ask for taxes as crypto investors 10% or more ? It will not be profitable anymore for short traders if they will ask something that people will need to earn first . Ask only a taxes came from the money widraw to Fiat from crypto currency using exchange but not the crypto it self it will hard for them to ask it.
You might well be fully taxable right now and many people are being taxed on their crypto right now. It all depends on the country you live in. If you're an active trader or have cashed out a ton of profit you'd be wise to check the policies of where you live. You might be pleasantly or unpleasantly surprised. |
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Ah. Most of the threads about it were pretty old so I thought that might have changed. N26 should work[1]. Not sure about TransferWise though (see this topic[2]). I also suggest you check Kraken's support page[3].
Transferwise has been a no go since crypto awareness first emerged from the primordial swamp. They say it's down to the banks they work with, not them. |
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What country are in you in?
People send from Kraken to Fire but I've no idea who that's available to. They're based in Ireland I think. Quite often the route is Kraken - Fire - Revolut. Maybe that info's out of date now but worth a look.
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area of questioning though would be the cryptocurrencies’ fate on the hands of the Chinese government. That’s a lot of money, and could be used for virtually anything that they can think of.
There's no reason for them to do anything other than every other authority - sell it to the highest bidder. I certainly hope the victims of the scheme get the proceeds. Schemes like this will always happen. Untold numbers of people are stupid and desperate and will be as long as there are still people. They can talk themselves into believing anything if they have a hope of solving problems or making a gain. |
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Tax is inevitable! However, if a government wants to impose tax on crypto, they they will have to create a legal definition for bitcoin. Which is good because it will give legal support to bitcoin holders within that country.
Not really. They can simply bung a label on it. In the UK they classed it as a foreign currency for tax purposes initially I think. That doesn't give it magic legitimacy and no legislation was passed. They created a box and stuck it in there. There are loads of things that are taxable that don't have much legal status. I doubt horse manure has ever been put through legal analysis but if your living is selling it then the bill is on its way. |
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Last I pulled cash out from atm I used a bank card.
I was forced to prove a lot of kyc to get the bank card.
Yup. But it's just the same for an exchange. You're already KYC'd when you withdraw from it. An extra step like this adds a needless dollop of onerousness. They like those. |
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https://twitter.com/CoinCornerDanny/status/1332307237608501249Here's an interesting thread about someone who had a similar possibility from the Isle of Man's regulator. He makes the point that when you withdraw cash from an ATM you're not forced to prove anything. Obviously the US government is a mindless monolith that doesn't give a shit about anything so it may well happen anyway. This guy picked it apart successfully for his jurisdiction but it's a teensy and agile one.
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leaches and parasites are evolving. To debug you need crypto DDT which are madeup of mixed formulae with decentralized exchanges 30% and direct between physical goods and services (70%) to BTC.
Got an explanation of that? It all sounds rather clever. Ultimately it doesn't matter how obscure or clever your wrapper is, it's still taxable if you live in a place with such rules. I can well imagine all this defi stuff is going to become ever more convoluted. The tax man will do his best to keep up. It also depends on how committed your tax man is. In the UK they regularly forensically pick apart schemes designed to get around them and hammer everyone involved. Other countries may not care all that much. |
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I thought the understanding was that this kind of news would lead to an increase in the price of Bitcoin?
It usually induces short term panic from certain nincompoops who believe the Chinese government will create an account on Yobit and spend 8 months tapping the dump key. Then the coins find some buyers off market and we never hear about it ever again. |
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Craigy doesn't even warrant discussing. An amoeba would start laughing at his claims within a second of it being laid out, if it had a gob.
Bitcoin is what the majority decides it should be. That's how it was designed. Who knows where it'll end up but it's fuck all to do with the actual Satoshi now.
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You're not trading bitcoin? You're just sending funds to an exchange that trades bitcoin. On your end, you're sending money to any other bank out as you normally would. I'm surprised how they found out you're sending money to a crypto trading exchange. I mean you could transfer money from your real bank account and I think they wouldn't bother checking.
Transferwise are the client of other banks. There are plenty of banks still that don't want anything to do with crypto. Keeping relationships with them is vastly more important than the odd customer. If I remember rightly Transferwise's CEO said it was the future but it's not something they can get involved in because of that. Not sure why OP was using it. These days there are very good banking options with many exchanges. Maybe they have an obscure native currency. |
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How on earth it can be a good news?? Having 4 billion USD worth of crypto assets in the hand of an authoritarian government!! It's good that a ponzi scheme is busted but Chinese government is not at all favorable to cryptocurrencies.
I don't know what Chinese law says, but in general for any such kind of financial frauds, the government liquidate the seized assets and return the money to its investors. That liquidation happens in fiat currency so I assume Chinese government will sell off the seized crypto assets. That's not a good news in this bleeding market!
There's no way in hell this coinage will ever reach an open market. Just like every other seizure in every other country they'll be auctioned or a private sale arranged. It's a more positive outcome for everyone than its previous state of affairs. It's better than it remaining in the hands of the people who stole it. They were dumping constantly, and they deserved nailing to the wall. |
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I don't really get the article. Tax is already in place for crypto just like anything else and its status has been clarified by a few tax agencies. Maybe this is some way of forcing exchanges to share info with foreign agencies.
I'd love to know the proportion of users who still think it's magically tax exempt 'because it's on the internet'. It's probably disturbingly high. Hopefully they figure out it may not be depending on where they are before it bites them.
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Yeah I just learnt off the community and wiki when I got here. Some courses might have been helpful but I think courses are a bit hit and miss where you could instead find a faucet that pays without you needing to deposit anything and use that money to fiddle with to understand crypto.
The problem with following one course is that it might have cheesy or outdated information. My dear old ma is awful for stuff like this. She gets fed one half arsed factoid and treats it as gospel for the rest of her life despite the evidence otherwise shouting in her face. When I've casually perused similar things there was always a howler or two. However I have zero idea what starting from scratch would feel like now. |
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