Not another ERC20, It will be a stand alone coin which will be a fork of Digibyte with some key variations.
Not a bitcoin fork. Just another shitcoin ICO. Please return to your regularly scheduled programming. |
|
|
|
Sure. The US has a problem in that it’s citizens still have to pay tax on their global income even if they are not US tax residents. This is a uniquely US problem afaik. Giving up US citizenship for something like NZ citizenship is one obvious route. You can buy NZ citizenship through an investment scheme. https://www.newzealandnow.govt.nz/investing-in-nz/visas/investor-visa |
|
|
|
|
I am pretty sure you can game the tax systems by “earning” all your income while offshore or in a tax free jurisdiction and not staying in any particular Western country for more than 179 days [does not work for US citizens]
So fly to Dubai to cash out your BTC and then go skiing for a couple of months, rinse repeat.
|
|
|
|
The answer is to skill up in skills needed by the automation software industry. If you cant beat them, join them.
But what happens when AI starts writing the software on their own, and better than a human could? I’m not really talking about coding. Coding is only 5% of the available work. You need people to find use cases and deploy the software (which takes a long time). You need sales. You need support. You need people who can navigate the SEC rules on ICOs. You need Infosec. You need all the infrastructure that goes around an ordinary company whether it is making widgets or building AI. Devs are only one small piece (important for sure but a great business can survive with shitty tech but a shitty business with great tech won’t). Software is eating the world but only one bite at a time and it takes awhile to digest. You know what else you need? You need real world problems to solve, real world use cases, and real ROI on those use cases to make all of it worthwhile. Notice how the Blockchain industry has already conveniently skipped over that ROI part and gone straight forward with the hype and marketing bullshit? Seen any real believable ROI analysis on that yet? Of course you haven't. I haven't either. That's all by design. There's money to be made marketing futuristic hype solutions looking for a problem that doesn't really exist. They did the same thing with "Business Analytics". Every company has pretty much lost money on BA pilots and implementations. Same with AI deployments. IBM Watson has been the biggest money loser for corporations that have drunk the IBM koolaid and spent millions on their software and their 'consultancy' experts. The only winners are the consultancy bodies like IBM that market and sell the snake oil dream to ill-informed and unsuspecting corporations with deep pockets. I largely agree. IBM Watson is a bad joke. Most AI isn’t useable or is shit. The use cases we have solved so far are extremely narrow. But the irony is that people are getting laid off even the software that is supposed to replace them doesn’t yet work. The CFOs can’t ignore the pump to the bottom line. So there is a real jobs impact even if the automation software isn’t as good as the people it is replacing. And eventually if you throw enough resources at it, the software becomes good enough to get by. A good rule of thumb is if someone calls their software “AI” or a “bot”, it’s almost certainly crap. |
|
|
|
The answer is to skill up in skills needed by the automation software industry. If you cant beat them, join them.
But what happens when AI starts writing the software on their own, and better than a human could? I’m not really talking about coding. Coding is only 5% of the available work. You need people to find use cases and deploy the software (which takes a long time). You need sales. You need support. You need people who can navigate the SEC rules on ICOs. You need Infosec. You need all the infrastructure that goes around an ordinary company whether it is making widgets or building AI. Devs are only one small piece (important for sure but a great business can survive with shitty tech but a shitty business with great tech won’t). Software is eating the world but only one bite at a time and it takes awhile to digest. |
|
|
|
Thus I predict that you will be the one looking back to this day, years from now, no longer recognizing the world that you live in.
You're right I won't. Because if the Tech industry has its way, all human workers will be replaced by AI and androids. And we'll all be broke and homeless, can't afford healthcare, and trying to work the measly 'gig economy' jobs that are left. Do I sound pessimistic?  Warren Buffet (I think) said that robots, should be taxed at a level of the replacement of human workers..otherwise people will be paying services and any productive gains to society (taxes/etc) will not keep up.....something like that....may have a point...I can't see a lot of 25 to 65 blue collar workers ALL sitting around 'passively' as their 'legitimate' high paying skilled jobs get outsourced to 'robots'....there will be 'social consequences' big time...if it is not addressed correctly (what correctly is, I've no clue) You can’t tax robots because the jobs aren’t going to “robots”, the jobs are going to software. The answer is to skill up in skills needed by the automation software industry. If you cant beat them, join them. |
|
|
|
Nice to see bcash lol supporters taking advantage of terabyte sized blocks   |
|
|
|
We havent broken the overall logarithmic downtrend yet. Quiet today.
Could you please post those magic words tomorrow also? Sure. If its quiet. |
|
|
|
|
Wow I didn’t know you were a police officer !
|
|
|
|
|
Quiet today.
Downtrend line from peak is somewhere around $8800 on BFX.
We should break that in the next week with tax season behind us.
|
|
|
|
I would like a place with nice weather  where I may eventually retire. The whole ERTH thing started to get on my nerves. Too much crap all over. I would like to have an ability to be left pretty much alone with my immediate family, yet maintain some western style comforts. Too much to ask? There are plenty of places in this world with a very low population that are quite nice. How much “alone” are you loooking for? This looks fairly decent for the price of a high end house in a major US city. Vanuatu is one of the nicer places in the South Pacific. https://www.privateislandsonline.com/south-pacific/vanuatu/lenur-islandIf you don’t want to spend that sort of money, a sailboat will get you a long way from anywhere. |
|
|
|
|
Except we haven’t broken the log downtrend yet
|
|
|
|
Can’t surf them. Definitely not tubular. |
|
|
|
|
TIL Donald Trump is a false flag operation.
|
|
|
|
Everyone get in to crypto ASAP, BUY BUY BUY https://www.nytimes.com/2018/04/13/world/middleeast/trump-strikes-syria-attack.html The US, Britain and France on Friday night launched missile strikes on Syrian targets aimed at degrading the Assad regime’s chemical weapons capabilities, but stopped short of attacking Russian or Iranian targets in order to avoid escalating hostilities. The three western allies had “marshalled their righteous power against barbarism and brutality”, US president Donald Trump said in a national television address. The move follows the poison gas attack in Syria that killed at least 60 civilians on April 7. Trump should not have done this. please watch and share. https://www.youtube.com/watch?v=HvveAGviJqoSo does this make Trump a bleeding heart leftie or a right wing hawk? |
|
|
|
|
I don’t accept that hard forks are income. Not until you sell them.
A code split is not a dividend.
A harder question is whether Neo gas counts as income. On balance I think the answer is still no as gas is not money.
|
|
|
|
The sender has to pay if the transfer value exceeds 14000 per year to an individual. However, if in the event, the sender doesn't pay, then the IRS looks to the recipient to pay.
Can you explain this ? Taxes for property are payable on a taxable event. Normally receipt of property is not a taxable event. The person disposing of the property has a taxable event for fair market value of the property at the time of disposal. But that has nothing to do with the recipient. Edit: Did some digging and I see you have gift tax in the US. It seems to be tied up with your communist inheritance taxes. |
|
|
|
I guess it's not possible to just simply return the transaction if it would indeed cause any unwanted trouble. At least if someone knows my public key with BTC, people can only send me coins. I will happily keep them.  However, if I gave someone my bank account number and routing number, they can move funds in and out of my bank account.(Saving grace is that the transaction would be reversible. But what a nightmare if I didn't catch it in time and some of my legit transactions bounce.) Who would be liable for tax payments on such a transaction (given that it was above the "gifting" limits)? And who would be required to report it? The recipient or the sender? Unless there is some funky US tax law I am not aware of, the recipient pays nothing because receipt of property is not income (bitcoin is property not money). I’m not so sure about the sender. |
|
|
|
|
Show Posts
