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4681  Other / Meta / Re: [TELEGRAM] Yet Another BitcoinTalk Notification BOT (merits, mentions, topics,+) on: December 23, 2020, 04:34:37 AM
~
The feature only notifies you when topics (you posted on) get nuked, not when your posts get specifically deleted by mods (you already get a PM for those, as you already know).
Ohh, am sorry for misinterpreting the context. Well, wouldn't it be better if we got notifications for posts getting deleted too ?
Though we get a PM, we could easily access the notification when we are not on the forum  Smiley

I think this notifier was meant to make up for forum's missing functionality regarding mentions/quotes.

Regarding your suggestion, we already receive pm (and email when you receive pm), so I personally don't see any need for it and if done it would be wasteful work.
4682  Other / Meta / Re: Isn't that plagiarism anymore? on: December 23, 2020, 04:26:12 AM
I despise who copy paste every single line then put the source at the end of it to rub their hands off, I don't understand how forum let go of such posts either. 
4683  Other / Beginners & Help / Re: CONFUSED NEWBIE on: December 22, 2020, 04:32:47 AM
Why not just search on Google or some other search engine, like fr these can easily be found on your own :/
4684  Local / India / Re: Do you have a KYC verified account on Indian exchanges - read this! on: December 19, 2020, 10:42:50 AM
Now with BTC reaching 20K+ this is sort of expected but the greater challenge in front of the tax authorities themselves would be lack of laws. From my personal experience and the types of conditions that are going on in the country currently, there is no chance that a crypto law would come into reality for at least a year or two (unless obviously govt. decides to create Anarchy in another sector). Now without laws tax authorities would be more or less bewildered while making assessments. There are no precedents or judgments so there is going to be complete harassment of assessees.

Every one of us knows that taxes are inevitable and obviously we are paying it but the problem of taxation without law is that it's not necessary you get a notice only if you withdraw money. I mean one may even get a notice if he has sold his bitcoin but the BTC is in the wallet/exchange itself. Moreover, the KYC that the exchanges have to do is also not formalized anywhere in any law. It's just a general practice which they do. So the major question is up to what extent the information is being shared with the authorities. There are many questions that are pretty much unanswered.

I'm ok with paying tax, hoping they would make calculating crypto tax bit easier though.
For Crypto Tax to be easy the crypto market should have a formalized and easy structure. Imagine the difficulty the government would face when someone has his BTC in private key wallets where no one can know about it while other person has it on his exchange.

Moreover, Imagine a situation there are 2 person. Both deposited Rs. 100,000
 on WazirX let's say in which you have to do KYC. Now person "A" decides to take the money to BITMEX which does not has KYC in India. Now he can buy sell unlimited quantities on Bitmex and Indian authorities would never know how much he gained. While person "B" trades on WazirX and even a single sell transaction made by him would be subject to Capital gains. Moreover the bigger problem is sending money abroad. There would be a big evasion of tax this way as Income which has to be taxed in India will go outside without levy of Tax.
 

Is Bitmex legitimate exchange? Is it Indian exchange? Can we withdraw funds to bank from Bitmex

Yes. No. No.
Okay so if we can't withdraw to out bank account then how can we convert out crypto to fiat on Bitmex?
If we have to do crypto to crypto then their are numerous exchanges.

I think he just gave example of bitmex.
4685  Local / India / Re: Do you have a KYC verified account on Indian exchanges - read this! on: December 19, 2020, 05:19:08 AM
Now with BTC reaching 20K+ this is sort of expected but the greater challenge in front of the tax authorities themselves would be lack of laws. From my personal experience and the types of conditions that are going on in the country currently, there is no chance that a crypto law would come into reality for at least a year or two (unless obviously govt. decides to create Anarchy in another sector). Now without laws tax authorities would be more or less bewildered while making assessments. There are no precedents or judgments so there is going to be complete harassment of assessees.

Every one of us knows that taxes are inevitable and obviously we are paying it but the problem of taxation without law is that it's not necessary you get a notice only if you withdraw money. I mean one may even get a notice if he has sold his bitcoin but the BTC is in the wallet/exchange itself. Moreover, the KYC that the exchanges have to do is also not formalized anywhere in any law. It's just a general practice which they do. So the major question is up to what extent the information is being shared with the authorities. There are many questions that are pretty much unanswered.

I'm ok with paying tax, hoping they would make calculating crypto tax bit easier though.
For Crypto Tax to be easy the crypto market should have a formalized and easy structure. Imagine the difficulty the government would face when someone has his BTC in private key wallets where no one can know about it while other person has it on his exchange.

Moreover, Imagine a situation there are 2 person. Both deposited Rs. 100,000
 on WazirX let's say in which you have to do KYC. Now person "A" decides to take the money to BITMEX which does not has KYC in India. Now he can buy sell unlimited quantities on Bitmex and Indian authorities would never know how much he gained. While person "B" trades on WazirX and even a single sell transaction made by him would be subject to Capital gains. Moreover the bigger problem is sending money abroad. There would be a big evasion of tax this way as Income which has to be taxed in India will go outside without levy of Tax.
 

Is Bitmex legitimate exchange? Is it Indian exchange? Can we withdraw funds to bank from Bitmex

Yes. No. No.
4686  Other / Meta / Re: Bitcointalk Memes! on: December 14, 2020, 04:15:07 AM
Code:
[img]https://i.ibb.co/qnrDZwM/4n3hgs.jpg[/img]

You posted that here already  Tongue

https://bitcointalk.org/index.php?topic=5232907.msg55651711#msg55651711
4687  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [BOUNTY] GOLD Stablecoin – $200,000 - payouts in BTC, ETH, GOLD on: December 14, 2020, 04:13:01 AM
Is this bounty still running?

Yes



@GOLD_official I sent you a pm regarding my rank up, please check.
4688  Other / Beginners & Help / Re: Need help to restore wallet on: December 13, 2020, 04:09:36 AM
Do update us on balance Tongue
4689  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] $YLD - YIELD.app | DeFi Banking in Your Pocket on: December 11, 2020, 11:56:24 AM
Hello,
I have a question about the sale, is this one only available on Trustswap? Early Monday morning?
Thank u,

RD

Yes, Monday on TrustSwap. Smiley

Hi, are you part of team?
4690  Other / Beginners & Help / Re: [question] Password protected qr codes with sensitive info on: December 11, 2020, 11:25:04 AM
Yes but it's more about security, mobiles phones with camera are not that hard to find/buy lol

This doesn't invalidate his statement: Qr codes are just a form of encoding.

It doesn't matter whether you have something encrypted and then encoded into hex or encrypted and encoded into a QR.
The information stays the same, the data (which represents the information) changes.

Security-wise there is no advantage or disadvantage. It is just a different representation of the information (the secret, e.g. a private key).

I never invalidated his statement either, I quoted specific part I was replying too.

The idea behind encrypted qr codes is to remove that risk of anyone can scan it and access the info.
4691  Other / Beginners & Help / Re: [question] Password protected qr codes with sensitive info on: December 11, 2020, 10:20:08 AM
..It also adds a challenge since you have to now be able to read the QR code with another device with camera whereas reading plain text or raw data is so much simpler.

Yes but it's more about security, mobiles phones with camera are not that hard to find/buy lol
4692  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: DeFi - Flash Loan - simple explanation with bZx example on: December 11, 2020, 10:10:24 AM
~snip

You have to pay by time block ends right? So how much time is it? And if you don't pay on time, transaction reverts itself, so does it require eth to pay for gas?

maybe I misunderstood your question, but here are the answers that I could provide

- yeah, you have to pay back until the transaction block ends - all transactions have to be included in the same transaction block

- regarding duration, for Ethereum, typical transaction block duration is 15 seconds

- yeah, each and every computation/writing on the Ethereum network, that is done on behalf of any address, requires a gas paid by that address, so you have to pay the gas, independently from that fact that transaction is done or not, so it will be paid even if the transaction is reverted

Sorry, I have still a lot of questions.

If one transaction block duration is 15 seconds, then it's kinda impossible to take flash loan and pay back in such short time frame, isn't it?

Regarding gas thing, you could take a flash loan, empty your wallet by transferring funds to your another address, then there is no funds in your account to fullfil the loan amount and neither the gas fees to make transaction. How does that work?
4693  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: DeFi - Flash Loan - simple explanation with bZx example on: December 11, 2020, 09:58:19 AM
I don't understand, what you mean by one transaction block? And if it reverses transaction by itself, you still need eth to pay gas right?

Ethereum, or most blockchains for the matter, is organized by transaction blocks, one after another, and all these blocks are consisted from several transactions that are stored in that particular block, while all these block consist an epoch, that is above block in blockchain organization

by transaction block, I mean that all transactions that are indicated for bZx, or associated with any flash loan, are executed within the same transaction block (so that all these activities of borrowing and pay backs are concluded in one block, and the situation on the beginning of following block is the same as on the beginning on this block)

on etherscan.io you can find transaction blocks, and all of these are consisted from several transactions, here is the link for one block example with 73 transactions
https://etherscan.io/txs?block=9484688&p=2

You have to pay by time block ends right? So how much time is it? And if you don't pay on time, transaction reverts itself, so does it require eth to pay for gas?
4694  Other / Beginners & Help / [question] Password protected qr codes with sensitive info on: December 11, 2020, 04:33:42 AM
You could create password protected qr code with sensitive info, print, laminate and keep it wherever you like, you could even keep it in open since no one would be able to access it without password known to you.

What's your opinion on this?
4695  Bitcoin / Wallet software / Re: FOR NEWBIES, wallets to choose from and analysis by Veriphi on: December 11, 2020, 04:30:34 AM
Was hoping Coinomi in there.

Edit: stupid me, again
4696  Bitcoin / Wallet software / Re: Why some 3rd party wallet providers should be avoided.. on: December 11, 2020, 04:22:21 AM
May be next time a better way would be to purchase coupon code directly from sites like bitrefil, they support LN so you would be paying much lesser fees.
4697  Local / India / Re: [GUY FAWKES DAY RAFFLE] #8 - Pick a lucky number and win 0.001 bitcoin on: December 11, 2020, 04:08:32 AM
d

3GvFtiVxqE3YphjBQRKP1H7FnUa52GUEnG

Edit because I didn't grasp the rules

L
..
Quote

L? Pick something from 0-9 or a-f.

Right, thanks. Stupid me   Tongue
4698  Other / Meta / Re: Bitcointalk Memes! on: December 11, 2020, 04:01:09 AM
Don't worry, I'm just offending myself.



Sad
4699  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: DeFi - Flash Loan - simple explanation with bZx example on: December 11, 2020, 03:57:57 AM
I don't understand, what you mean by one transaction block? And if it reverses transaction by itself, you still need eth to pay gas right?
4700  Other / Beginners & Help / Re: Few questions about the bitcoin. on: December 11, 2020, 03:46:52 AM
You can try platforms like hive/steem/cent and convert earnings to btc, do some gigs and get paid in BTC, it just works like real money really
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