Lol, nobody is buying Roger Ver's bullshit anymore:

https://twitter.com/rogerkver/status/903780652369289216

Just look at all the commenters... #REKT

Interesting article about Alexandria, apologise me if the article was already mention, but I read all the thread 2 ago and didn't find here.
https://steemit.com/cryptocurrency/@m3ta/introducing-alexandria-and-the-open-index-protocol

As I know Alexandria just from 1 week ago I would like to ask if the new publisher and new backend were released or are expect to realease by the end of Q3, so this month.

"The idea is to get the new publisher and new backend done and ready to be released by the end of Q3. By then Alexandria should be in open beta mode ready for anyone to test and try out. It's been a long three years that we've managed to keep cool and not get pwned by the market. It is time to show the world what Alexandria is all about."


Thanks everyone who help this amazing project. Love it and bright future

Tax authorities?

When the time comes to sell, capital gains are easy to determine from the price at time of acquisition as recorded on the blockchain.
 

An early but splendid good morning Bitcoinland.

Another day another ATH... currently $4740USD/$5955CAD (Bitcoinaverage).

The surprising thing is that AltcoinCash is also up... $595USD/$752CAD (Coinmarketcap).

A great day for those of us who hold both.

Go Bitcoin go.

I have jumped on board as well. Lets see this baby hit 20K sat!

You seem to not be helping yourself with your arguments against your own financial situation.

I think that if you are nervous about taxes, then you are likely leaving value on the table because of your nervousness, and the best is to take most of the BCH profits by selling most of the BCH and fold that value into your BTC holdings. 

I don't give a ratt's ass whether the IRS might possibly believe such BCH windfall to be a taxable event, there is no guidance on that point, so accordingly, unless you are actually cashing out, I would not claim folding in of extra BTC (gotten from BCH) as a taxable event. 

When you cash out later, that is another story, and at that point you can figure out and account for your BTC cost basis for whatever BTC you are cashing out, blah blah blah, which then would be the taxable event. 

If your accountant is telling you otherwise or does not have any reasonable plan in which you could fold those BCH into BTC, then maybe it is better to find a more "creative" accountant?

Introducing the GarzapaloozaCoin Festival, hosted by none other than Josh Garza known for his lyrics ...

Real talk: you may need to hold this coin for months before you see the x10-x20.



Yes, FLO has been a live blockchain since mid 2013. Yes, Alexandria has been in public development since at least mid 2014. Man that sounds ancient in crypto land, doesn't it? They must've been blown past by now by other competitors, right? Turns out nope. I've followed Alexandria and the FLO token very closely since late 2014, here's why I'm still bullish and holding for years:


1) Development has been consistent. There has never been a single period in the past 3 years that I've wondered, "where did ___ go?", "is this thing dead?" If you ask for updates, if you look for the devs - you will find them. They will talk to you. You can see their work.

2) They do not pump or try to be opportunistic with the market with their insider power. Ever. This project has been active through multiple altcoin bubbles, the dev team has never done anything to purposefully take advantage of the market to turn profit, their demeanor has always been the same. They've never lied, nor given unrealistic expectations, nor spent time on fancy infographics instead of code, etc. Arguably this is a bad thing, and they will need to improve a bit on the marketing side of things once they do go fully live, but I'm listing it here because it's a huge reason I have so much confidence that they're in this for the product, and the product comes before profit with these people.

3) Blocktech (the people building Alexandria) started out just using FLO for its features (tx messages) - they had no connection to the FLO team afaik. Over time, the FLO dev team and the Alexandria team have steadily grown closer together and are basically one big happy family these days, collaborating and working together on the whole ecosystem. Watching this evolution over the years has contributed to my confidence that this team is full of workers focused on producing a real product.

4) The product is real. It is tangible. You can use it right now in a sort of alpha/beta state. You can go talk to the devs and easily get invited to help them test new features or even contribute to the project directly. Vaporware is a huge problem in crypto projects - Alexandria is not vapor, and incremental development has been obvious every step of the way.

5) Lack of serious competition. LBRY is the only project that I've seen that has a tangible, usable product which is doing something similar to Alexandria. Every other project claiming to do the same things as Alexandria or LBRY is so far nothing but words and claims. So there are only two real ponies in this race, and this is a discussion for another time but the economics of LBRY's LBC token are not nearly as attractive of an investment as FLO. I do not have nearly the same familiarity/access to the LBRY dev team as I do Alexandria/FLO, so I cannot comment on the development side of things for LBRY. Obviously I do hold some LBC as well.

6) Last I heard, they're going to migrate away from IPFS eventually and use an incentivized storage solution, ie something like FileCoin or Sia. No idea on timeline, but incentivizing the storage part of their back-end will take this to another level.

7) Imogen Heap has published content on it. Ok this is rather minor and old news, but it's pretty neat that major artists are experimenting with it! She published stuff in 2015 and had considered releasing an album on it. She published again a few months ago so she's still using it.



... wrap this all up for consideration and then notice that...

8 ) The marketcap is insanely low. Vaporware projects dwarf this thing. No place to go but up, considering everything above. Easiest fucking hold ever.





Yes I am a FLO whale. Duh. Shit was 200-400 satoshi for months at one point. It was solo mineable for years and I had an A1 ASIC. Yes I will get rich(er) if you guys all agree with my points and buy in. Doesn't make any of it less true, this is already in profit for me and I'm already financially independent - which was achieved by altcoin investments over the past 4 years, by the way. My FLO makes up ~3% of my total crypto worth. Make up your own mind if this is just shilling. Keep in mind I said you will need to wait probably months for huge gains, and cheers to those that also see the potential.

Good morning Bitcoinland.

Basically sideways, down ever so slightly... currently $4570USD/$5765CAD (BitcoinAverage).

Meanwhile, AltcoinCash is still slowly creeping down... to $565USD/$708CAD (Coinmarketcap).

Just a boring day of consolidation after yesterday's rise. I think I need extra rich coffee. Yawn.


I prefer to take my profits in Bitcoin. 

Any old timers remaining in here?

That would be amazing! Don't worry I'm in this ride for the long haul!!!

There is resistance at $7000 due to a long term Fibonacci extension. Also reinforced from point and figure charts.

Hey just wondering if you have any other more sleepers other then the ones you have mentioned? You give good advice!

Traders never cease to amaze me! When it was clear that BCH will appear, BTC will continue to exist as 'bitcoin' and everybody will get free money, the faint hearted shaky hands sold their bitcoins below 2500 just before the fork losing big time. Now, the conflict between 2x and core is endangering the existence of bitcoin, these same traders buy above 4K!!! Little they know that if S2X forks without replay protection, the fork will be a giant mess, both chains will be unusable for days, possibly weeks and the price will crash (maybe even below 1000$). a lot of people will hedge into LTC, ETH and BCH! It will look like bitcoin is dying while BCH is going up like crazy. Of course everyone who supports BCH wants exactly that! (At least the ones who can think that far and are interested in a high BCH price). The recent rise of the BTC price is just a bubble, created by chinese mining whales who want to sell high all and then dump BTC for good. They are free now from the limitation of the core team and can adjust the difficulty to make much bigger profits. Reading between the lines in Roger Ver's and Jihan Wu's tweets, they will trade most of their BTC for BCH and will continue to drive up BCH's price.