New documents filed by SEC in New York with additional details, stating the GRAM is indeed a security token. Even citing Shyam Parekh, a Telegram employee who told an accountant that "that the unnamed investor has the right to 72,835,916.68 Gram tokens". A bit messy to be honest, but let's see how Telegram will respond with all the allegations here.
I am sure that the outcome of this case will have bigger and far-reaching repercussions to the whole cryptocurrency industry as this can be the basis of future judiciary decisions on defining whether a token can be security or not. Telegram has the best opportunity to present all the legal arguments before the court that SEC is wrong on its conclusion that GRAM is a security token and therefore Telegram made legal mistakes in introducing such a digital asset to the public. Honestly, however, I am seeing that eventually the two sides on this legal maneuvering will be settling on a compromise. |
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A bill has been prepared entitled "‘Virtual Currency Tax Fairness Act of 2020"[1] which proposes to exclude cryptocurrency transactions of less than $ 200 from the tax base. It is a change to the prevailing definition of cryptocurrencies as it is a form of private ownership and therefore any transactions must be subject to income tax. The reasons for this, according to the opinion of the legislators, are the changes in the exchange rates in the per capita income. The previous sentence does not apply if the profit exceeds $ 200.
This bill if approved can be a good law that can be a big boost to the whole cryptocurrency industry. Had there been a united voice of the cryptocurrency industry, this is one legislative move that is really worth of our support. Let's hope that this will not be just gathering dust in the archive of Congress so there is a need for support from other legislators. In fact, we need a more comprehensive bill that can cover many aspects of the whole cryptocurrency industry so that vague and undefined aspects can be given more illumination with the end view of spurring more growth as well as proper recognition of the industry, and of course with corresponding responsibilities and accountability. |
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its all been one hell of a big drama of scamming and evading.. by basically layering lie upon lie
beyond trying to evade the ATO. he also used the tulip trust scam to then re-scam independant parties and businesses. so also needs to fool them into thinking he is mr bitcoin richguy.. else they will slam down on him too.
his followers like calvyn are only following because they invested alot into CSW and if CSW loses face, calvyn gets nothing. so calvyn is following CSW trying to hope CSW can scam more people and sell fake patents and other crap to repay calvyn before it all falls flat.
short story is CSW is not rich. he is just a person in debt spending other peoples money faking records of what assets he has of his own(he has none)
The Craig Wright saga is getting to be interested everyday with many twists and turns but the bottom line is that he is a man of many big lies and yes trying to cover up one lie with another lie. He is destined to end up as the most famous liar in the footnote of the history of cryptocurrency. Still, I do admire a little of him because up to now he is still up and running even if his time is getting shorter. What can become of Craig Wright is one exciting thing to watch...so let's just sit back and relax for this grand entertainment as the plot and the grave the man are inventing thicken. And yeah, good luck to his loyal followers and supporters. |
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Just like with anything that is man-made or man-invented, cryptocurrency can never be a perfect thing most especially in the real everyday world. So we can see there are many advantages and disadvantages as well. This can be the reason why I do not think that there can come a time when the global economy will be fully shifting to cryptocurrency. However, this can be a very good alternative and can be there just waiting for all of us to use and experience, side by side with the traditional system of doing things. Right now, the cryptocurrency industry has become like a very sweet paradise to many hackers, scammers and the likes and if we are going to see a global shift to the cryptocurrency economy then the same menace will be magnified many times over as even those who are already learned in this technology can still be subjected to the problem how much more people who are new and who are not so careful...these people will eventually decide that fiat can be better for them as there is no learning curve to go through. Being technologically-dependent can be good but there will always be disadvantages on the other side of the coin and the same thing can be said on cryptocurrency.
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Actually it is a big of a deal if we will look at it. It would affect on how other people look at bitcoin, no banks can move that kind of money in hours not even by one day. Plus the low fee that you will pay comparing on how much you will do in bank transfers as some banks charge transfer fees this will surely convince other people that hey bitcoin is safe and convinient to use compared to banks.
Yes, this is a big deal if we are looking at it in comparison with the traditional banking industry. Even at a relative high fee of $80, that is still cheap if the same amount in fiat is going to be transferred with the bank-to-bank system. And this is telling us that indeed there is now more convenience, more safety and definitely cheaper way of transferring money via the Bitcoin way. The only challenge there is if an individual is doing it (not an exchange) and liquidating it with the market. One thing for sure is that Bitcoin can now easily perform the transfer with big amount of the coin but we have a big concern with the micro-transactions like buying a coffee or just doing the grocery because of the possibly higher (vis-a-vis the transaction amount) and the time it can take for the said transaction to be validated. |
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Simple definition, a unique idea or concept that is made by your mind. It means all of the things you had thought and do are considered as IP. The blockchain and bitcoin are the intellectual property of Satoshi Nakamoto, so if the real Satoshi applied for a patent with great evidence, It will consider him as the owner of BTC, BTC whitepaper, and blockchain concept not only in the digital world but in the whole world.
Maybe this is the reason why Craig Wright felt compelled to file the patent for the WhitePaper of Bitcoin. Since he is convinced with his own lie to be the real Satoshi Nakamoto, not filing the patent can be adding more evidence that he is indeed faketoshi but we know that in the Bitcoin community no matter what is doing he can never be the real guy and we already have many documents proving that fact. Just claiming for something does not make one the real owner of that something. The drama surrounding Craig Wright will continue and the latest is that he does not possess the private keys to the billions of Bitcoin he is claiming to have. Pushed to the corner many times, I am sure he is creative enough to deflect the issues once more. Anyway, I am beginning to love the free entertainment the guy is generously providing to all of us. Thanks, Craig for that! |
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Now considering all of this, how is an economy like Iran going to stand up against the US? And how is the possibility of another World War contribute towards the whole global economy? I am still intrigued on the possible outcomes of how a modern-ized war will affect the overall economy. Also, could it be possible for Trump's attack on Iran be more of an Economic move than just mere politics? Something has to be there, right?
First, there will be no big war between the USA and Iran so we can only be dealing here with skirmishes like what happened recently. Both country can never afford, at least for now, a major showdown plus the international community is quite reluctant to fully support such an effort. It will be safe to say that we are getting wary of any war and even if there will really be a big imminent threat most people will just be burying their heads in the sands (so to speak). With the economic embargo imposed on Iran, there are many ways that it survived in the past and the country can just be using the same effective strategies. Iran has friends on high places, those who are working to undermine the overall interest and leadership of the USA. Iran has been working with countries friendly into it under a subtle environment and it can surely tap the same thing anytime. We have nothing to worry that Iran will collapse because it is very strong at the moment. |
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signing message through the address that contains millions of bitcoin. Logging in using satoshi account in this forum and many more and he can do none of them. He's just faketoshi and people should just ignore him. Although it's true that he's making a noise for bitcoin but rather a negative noise and it won't help the development of bitcoin market at all.
He could not do it because his memory got jagged, and he needs to be hospitalized to retrieve those memories somehow. Craig Wright has been a clown in this industry for a long, long time, and he is not planning to pass on to someone his crown because he is enjoying the limelight he generated and at the same time he is serving as the best marketing strategy for BSV. The truth is that he should just be ignored but because this industry lacks some form of entertainment we love to talk about him and enjoy roasting him to our heart's contentment. Let's hope he will not have the last laugh, all the way to the bank. |
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Do you think celebrities in the mainstream world are still using Bitcoin for their own benefit? If so, which famous people are deeply into Bitcoin right now? I'd love to see someone like Keanu Reeves, Microsoft's Satya Nadella, or even Apple's Tim Cook using (and patronizing) Bitcoin someday. At such degree, I think Bitcoin would've reached massive adoption within the mainstream world. Thoughts?  I am not updates with the latest celebrities who are into Bitcoin either using it as a currency or maybe just like many of us can also be holding the coins like an investment. Celebrities can be influencing many people to do or be a part of something they are also into and if we can have many showbiz personalities really endorsing Bitcoin then there is a big possibility that some of their loyal following can do the same thing. However, I do not think that a celebrity will be actively endorsing Bitcoin because they are really not getting anything out of it as they are used to being paid endorsers...we do not have the budget for that. What some celebrities did is just mentioned Bitcoin in their interviews or maybe on Twitter but nothing really so dramatic other than that. Now, having said this, I do not really believe that the fate of Bitcoin or that chance for more adoption is hinging on any celebrity, but they can be of help though. The fate f Bitcoin is on the hands of the people, you, me, your neighbors, your family and friends and just anybody on the street. |
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Its a good one if I am asked because it shows that when you violate the rule and you are an accomplice for someone to break the rule, then be ready to pay the price. This activity can be looked from several areas. One it shows that regulatory authorities are looking and there are laws that can compel actions even though the laws are not specifically made for crypto. Another angle is that I see crypto related businesses tighten their KYC regulations in other to ensure that to ensure they are not liable should issues like this arise.
I agree. Let's hope that this can be a big lesson to all legitimate cryptocurrency exchanges never to allow illegally-sourced digital assets to be laundered using their platforms. These are considered as financial transactions so existing laws can be applied here, and I think we already got many of them just waiting to be applied. I am not for too much regulation but at the same time I am not for adopting the "laissez faire" approach because the cryptocurrency industry is one of the top when it comes to the presence of scams and frauds. In fact, the whole industry must make a good stand against this menace. As a consequence, we are going to see stricter and more elaborate KYC system to be implemented by exchanges. And that can be both bad and good. We need the law to combat bad or evil people operating here and let's see if 2020 can be that year when these people are purged out of this fledgling industry. |
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Bitcoin can now be considered as one of the known safe havens in the category of gold or maybe other instruments but since it is the most volatile of them all there will always be risks associated with it and new investors should be careful that they don't jump into it with both feet or their eyes close. Nonetheless, if one happen to have started Bitcoin maybe two years ago, the ROI is definitely so good and for many good traders Bitcoin is offering a unique opportunity to cash in on its volatile nature.
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I love this community and what it stands for, so im trying to start a new project to make it like Bitcoin but with small differences. So i need ideas for a new name. As this is a community project, i will pick whatever name you guys want, please let me know.
Okay, I am happy to see you here with the desire to contribute something for the cryptocurrency and Bitcointalk community. Although I have to admit that maybe we don't need a new project for now in this industry because we are already swimming and drowning with so many introductions and many of these new projects will just be big waste of time and resources as they could not find the much-needed traction. So I am wishing you all the luck with your plan. So I am suggesting these names: Bitcoin Big, Bitcoin Star or maybe Bitcoin Love. Admittedly, I am not good at baptizing a project. Anyway, the name does not matter too much what matters most is you can get the support that the project needs and that it can stay afloat for many years, survive and flourish. Good luck, man! |
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There is no mistake about it, there is a big trend that many countries are going to go cashless or less use of the fiat money and more into digital ways of conducting, transacting business everyday. Maybe the biggest reason is that cashless is more convenient as there is no more need to be bringing paper money which can be hazardous at times. On the side of the government, the most important thing is that all transactions can be traced from now on, something which they find some difficulty when people are using the usual cash where paper trail in many cases can be hard to establish. I am not sure if this can mean that we are also drifting into a controlled society in this way.
However, the biggest question for us in the cryptocurrency community is this: Will going cashless means that people will be going to Bitcoin or at least cryptocurrency at the very least. Concluding yes can be hard to establish and maybe we should be waiting for years before we can see the direct correlation between these two big trends: going cashless and going Bitcoin. Let's just hope that somehow this can prod people to adopt cryptocurrency.
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