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801  Alternate cryptocurrencies / Altcoin Discussion / Re: Best privacy currency on: April 11, 2018, 10:55:14 PM
I don't know which one is the best, but If I were to choose a coin, it would have to be based upon the size of, and commitment of its community, then just it's innovation alone. The coin can include all the features in the world,  but if isn't tested tried and true by an active group of participants, providing continuous support and feedback for the development of the project, it will lose the trust of the people.
  A big community isn't always necessarily a good thing, but in the case of crypto, a grass rooms community gives a coin it's foundation and infrastructure.
Just my two cents!
802  Economy / Economics / Re: What will happen to the banks if people uses cryptocurrencies more than fiat? on: April 11, 2018, 10:41:57 PM
If cryptocurrencies will be the basic mode of exchange in the future, what will happen to the banks then?
Just a thought, but I think the banks would start to adopt the technology, in order to keep up with the innovation of the day. As technology becomes ever more efficient by the the day, the regualtors must either utilize existing regulations in place, or change, adapt and adjust regulations to keep up to with the times.
803  Economy / Economics / Re: Government Furious on: April 11, 2018, 10:37:15 PM
The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?
I think many smaller countries may wait for the U.S to issue guidance first, then they will adopt similar policies, or build their policies around the guidance. Bigger countries will make their own mandates.
Bitcoin and blockchain interrupt alot of sectors within the financial industry. The technolgy has literally taken the world by storm.
804  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: April 11, 2018, 10:02:52 PM
Wow this thread is a living and breathing example of how a good investment choice can pay off, especially when investing upon projects focused on innovation. The first post was made years ago, but you can see that back then investors who saw potential within the Bitcoin project almost knew it would yeild a return, due to the fields it was bound to interrupt with it's technological innovation.
805  Economy / Services / Re: [OPEN] IOS - Signature & Avatar Campaign | Up to $150/week in BTC & Tokens! on: April 06, 2018, 11:31:07 AM

The campaign hasn't started yet brother, these are just the preliminaries. Just stay tuned, the campaign manager hasn't made his decision yet on who goes and who stays.
806  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [OPEN] [BOUNTY] IOS - Internet of Services | Earn up to $150 weekly! (ESCROWED) on: April 06, 2018, 03:19:01 AM
Bitcointalk Username: chaoscoinz
Rank: senior
Current Post Count: 357
BTC Address: 1H8N3dT49Vr68facpnXmzdBGp2rZ7CRQF3
ETH address:  0x18dAA640548395730fE521e0bfbBbCbb133CD181
Wearing Avatar and Personal Message: yes
807  Economy / Services / Re: [OPEN] IOS - Signature & Avatar Campaign | Up to $150/week in BTC & Tokens! on: April 06, 2018, 02:25:06 AM
Bitcointalk Username: chaoscoinz
Rank: senior
Current Post Count: 357
BTC Address: 1H8N3dT49Vr68facpnXmzdBGp2rZ7CRQF3
ETH address:  0x18dAA640548395730fE521e0bfbBbCbb133CD181
Wearing Avatar and Personal Message: yes
808  Other / Off-topic / Re: The Cheapest Price For Food, Which You Can Remember on: March 15, 2018, 11:48:34 AM
There was a pizzeria I frequented as a youth, wheras the slices of pizza pie were around $0.50 a slice.
You could grab 2 slices and a glass bottle coke, for around $1.50.
809  Other / Off-topic / Re: education and morality on: March 08, 2018, 10:30:33 AM
education without morality is very dangerous for the society. Educated people are more corrupted than illiterate in all over the world. so. this system of education has to be changed now. But there is a question , how it can be possible and which methods should be followed? Rule of law has an important influence on this but in some places this is not available. So in those countries morality can be the major influential power.   
Id rather have an uneducated society of troglodytes that relishes morals and ethics as basic tenets to everyday living, then a educated and over privileged civilization of immoral, yet sophisticated douche bags. Without morals and ethics, society aways becomes overbearing and barbaric.
810  Other / Off-topic / Re: Infidelity may be forgiven or not? on: March 08, 2018, 10:21:33 AM
Infidelity is unforgivable especially if you are married and have vowed in the eyes of the law to be with someone. It is also destroy a marriage or relationship.
Can you forgive them and give them another chance . Because of the welfare of your children if you already have and you do not want to destroy your family. Or you want to separate because you're hurt..
If your significant other is unfaithful, then one should consider the reason for the infidelity in the first place. There's always a chance to mend broken wounds of the heart, if your willing to work together. Humans are creatures of habbit, and no relationship is without its difficulties.  There is a saying, "fool me once, shame on you, fool me twice, shame on me!".
  Men cheat because they burn themselves out sexually,  and the the spark that keeps the passion burning is dying out. So men seek thrills elsewhere, all the while trying to keep up with the day to day appearances.
 Women cheat simply because of emotional detachment. If you don't butter a woman up every once in a while, she'll start fantasizing about rendezvous with another lucky chap. The goal is to make a compromise somewhere in between,  that both parties within the relationship can agree to.
   Alot of the time, infidelity is caused by sexual frustration. Variety is the spice of life, so naturally if a desire goes unfulfilled,  people will naturally gravitate towards whatever satisfies their desire, leaving morals and ethics In the back seat during the drive which the passions steer us towards.
 Never lose hope and call it quits unless it's a hopeless case to revitalizing the relationship.
Good luck chuck!
811  Alternate cryptocurrencies / Altcoin Discussion / Re: If all ICOs and BTC vanished what would be next preference for people to earn on: March 01, 2018, 01:25:46 AM
The answer is not a simple one. You must follow the cryptographic scene in order to determine which innovation has a lucrative potential. If your tech savvy, and have a decent understanding of the financial sciences,  then you can make some pretty accurate predictions.
  The early Bitcoin pioneers and adopters saw the science behind the blockchain and understood what something like Bitcoin meant, knowing it would be a huge disruptor in the the financial tech field. A platform that focused on transfering liberty back into the hands of the common folk, decentralizing a means of payment through a peer to peer network.
  If your wise In either of the cryptographic, financial, and or the political sciences, you will already begin to see which projects are geared to shake up fields in those industries, as there are many promising projects out there being overlooked due to low profile, and little to no promotion. The best thing to do is to study coinmarketcap for trends between the price of the most innovative coins, and find a nich area. Then when something similar comes along, you'll know whether or not the project has a chance to succeed,  based upon a similar projects success. It's best to study, study, study, and do the research.
Study reddit's futurology forum for a list of potential future innovations, already, lights should start signaling in your head, giving you ideas of what to research for, as far as potential investments go.
  Don't take my word for it, get out there and handle your due diligence! Nothing will be handing out to you on a silver platter, as the most successful individuals almost never kiss and tell their trade secrets to success.
  
812  Alternate cryptocurrencies / Altcoin Discussion / Re: I Received An Email From MyEtherWallet on: February 26, 2018, 03:03:31 PM
Never use a hyperlink to login to a website, or to enter any of your personal credentials. These phishing attempts are in abundance in the crypto community. The scam relies on social engineering and basic human psychology to outwit a person by finessing them into forking over their own information.

Stay safe brothers and sisters!
813  Alternate cryptocurrencies / Altcoin Discussion / Re: How do I know a scam ICO? on: February 21, 2018, 10:52:53 PM
The best thing that one could do is to thoroughly research the company behind the ICO.
Study the white paper, check out the information that is readily available. Find out any legality issues within your country that may or may not permit you from participating.
  As an investor, you should only invest what you can afford to lose. ICO's are a big gamble. Compare other projects with similar goals, and cross reference between them, comparing and contrasting.
Consider the long term benefits of the project. Are the members of said project's team transparent and open,  or are they hiding something? If it seems too good to be true, you should probably consider it as such.
    Check the market for similar tokens, review their trade history of rises and falls. I know many people are just looking to throw their money at the screen in hopes of become. Lambo owner. Don't be desperate, or naive and make the newbie mistake of buying into anything hoping to get rich quick.
These are just a few common sense approaches to consider before investing. With that said, happy trails, and may the force be with you!
814  Bitcoin / Legal / Re: US tax implications for immediate altcoin buys? on: February 18, 2018, 04:22:41 PM
"Disclaimer" I am not an attorney,  nor do I represent one. All advice given is only opinion based.

In the U.S, any time you buy, sell or trade crypto coins, you incur/trigger a taxable event. Moving coins from wallet to wallet doesn't necessarily constitute a taxable event.
  If you moved your crypto assets to another exchange wheras it is on foreign land, and your account balance exceeds $10,000 at any given time durring the calendar tax year, even if you have multiple foreign accounts with balances under $10,000, if those accounts together exceed a balance of $10,000, you might have to file an FBAR for income exceeding $10,000  held in foreign countries.
  If your balance exceeds $200,000 and you live abroad, or if it exceeds $50,000 while you live in the U.S,  you might have to file FATCA report.

Be sure to check your countries laws and regulations, also seek help from a local professional!

P.S

However tedious it may be, remeber to keep detailed logs of every single transaction made regarding crypto assets. It will save you a headache in the long run, especially if by chance you're audited!
815  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [Airdrop] Nevra (XEV) - Equality, Freedom, Trust on: February 13, 2018, 03:40:25 AM
It seems to me that a lot of thought and emphasis has been put into this projects airdrop distribution.
My main concern however is the actual purpose of this coin. What is Nevra's utility, and what seperates it from the numerous other airdropped coins that have been cropping up lately?
   What are this projects long term goals? Is there a roadmap available? What benefits, or innovation does this coin offer? While I'm all for an evenly distribute coin for the community, I just want to know what purpose does it serve for the community, and what makes Nevra different?
    Though I'm not too sure what this coin will bring to the table, I must say that the distribution process seeem quite thorough on paper! Fairness is one of the most important tenets an airdrop should operate by.
    I'll be watching this thread to see where this thing is headed.  Tongue Only time will tell!
816  Bitcoin / Legal / Re: 7 People arrested for Bitcoin Trading on: February 08, 2018, 04:50:53 PM
It's the latest in development from the country of Nepal which started nabbing bitcoin traders for fraud. Can be sentenced to upto 3 years in prison.

http://kathmandupost.ekantipur.com/news/2017-10-06/7-nabbed-for-running-bitcoin-exchange-business.html

First case of bitcoin related arrest in the country.
You may need a money transmitter license in Nepal, I'm not too sure of that countries laws and regulations regarding financial transactions.
If you use local Bitcoin here within the U.S, you risk being caught by law enforcement because in order to act as a converter of fiat you need a money transmission license, not only in the state where you transmit your transactions but a license in the other states you might trade with if I'm not mistaken.
817  Bitcoin / Legal / Re: IRS Notice 2014-21 vs. Code Section 1031 "Like-Kind" on: February 02, 2018, 01:29:08 PM
Disclaimer
"This is my personal opinion, my two cents on the matter.  I am not an attorney,  or financial advisor. Please consult your local proffessional for any legal, financial or tax advice."

Im afraid you're not the only one on the boat in the this case, as you see, all of us are in similar predicaments.  The best thing to do is consult a professional, and go over all of your logs of transaction history.
 
   Like kind exchanges can only be with real estate, they fixed the legal loophole last year, so it's best to take the safe route and pay the capital gains according to your transaction history, for each and every time you triggered a tax liability last year reguarding crypto coins.
  
     If you have had any amount of $10,000 or more at any time last year within a foreign crypto exchange, you may, or may not have to file an FBAR, and FATCA report on your foreign holdings.
It doesn't matter if it's crypto or not, if the value of your holdings exceeded $10,000 or more, you might want to play it safe and file. It's a fuzzy grey area and theres not too much guidance on this subject yet.

Here is an article highlighting some information reguarding the matter.
https://cointelegraph.com/news/virtual-currency-exchanges-and-us-customers-beware-irs-is-coming-expert-blog

I get all that.
The point is... there is no expert.
It's not a CPA issue but a tax lawyer issue here. Safe route can trigger x10 more tax liability than just "respecting the law" as blurry as the law is...

Agreed, there isn't much regulation today, but it's coming in slowly, on February the 6th I believe, the SEC and CFTC will hold an important meeting reguarding all of these matters.
https://cointelegraph.com/news/us-sec-cftc-to-focus-100-on-crypto-in-dedicated-hearing-next-week
 What else can we do as investors and speculators but wait and see? It's best to be thankful they give guidance at all. They could just drop the ball and start swinging the ban hammer around.
818  Bitcoin / Legal / Re: Dedicated hearing from SEC on February 6, 2018 on: February 02, 2018, 01:20:45 PM
On my personal opinion, the more regulatory guidance we receive,  the better it will be for legitimate investors and speculators. The reason behind the crash that is happening is due to lack of regulatory action, which has been as of late, at a minimal.
   When the regulation begins to become clearer and more concise, the price of bitcoin will begin to become ever stable. The hike Bitcoin took up to $20,000 was an inflated bubble. Everyone wanted to catch that rocket to the moon, but when it approached the limit of the atmosphere, it crashed back down to earth.
   The people who bought in durring the frenzy took a huge loss these past couple of weeks. The loyal supporters will continue to hold onto their coins. The hipsters will pull out their stake and then scrutinize the system. The market is in a state of shell shock from the governmental crackdowns across the planet.
  The best thing to do is just wait for the government to pass it's judgement and set forth the law, in that way, we can have a yellow brick road traverse. As of right now, theres no map, so we are lost at sea. But don't fret, the regulators will put up a lighthouse to guide us to shore.
   Hate it or love it, without proper regulation, the market was doomed to crash.

Just my two cents!
819  Bitcoin / Legal / Re: How to declare a donation of tokens ? on: February 01, 2018, 09:10:18 PM
Rather than follow the laws governing the jurisdiction, is it not better one cashes
out in smaller amounts allowed by the country without any tax burden?If I made $10,000
and my country allows me to cash out  $1000 per time without any burden on it, then I cash out ten
times at different times.
In the united states, this is called structuring and could really bring heavy penalties upon yourself.
It's best not to play chicken with the federal government. You should consult a financial advisor in your local jurisdiction and also an attorney, just to be sure of your countries laws (if your not in the U.S).
   In most cases it is better to just give to Caesar what belongs to Caesar. Crypto coins have no set parameters that are set in stone when it comes to legality,  and it's best to follow coindesk and other crypto coin news outlets for up to date regulation guidance.  Most countries wait for the U.S to make a heavy decision first, then they make adjustments and follow suit.
820  Bitcoin / Legal / Re: IRS Notice 2014-21 vs. Code Section 1031 "Like-Kind" on: January 30, 2018, 05:31:47 PM
Disclaimer
"This is my personal opinion, my two cents on the matter.  I am not an attorney,  or financial advisor. Please consult your local proffessional for any legal, financial or tax advice."

Im afraid you're not the only one on the boat in the this case, as you see, all of us are in similar predicaments.  The best thing to do is consult a professional, and go over all of your logs of transaction history.
 
   Like kind exchanges can only be with real estate, they fixed the legal loophole last year, so it's best to take the safe route and pay the capital gains according to your transaction history, for each and every time you triggered a tax liability last year reguarding crypto coins.
  
     If you have had any amount of $10,000 or more at any time last year within a foreign crypto exchange, you may, or may not have to file an FBAR, and FATCA report on your foreign holdings.
It doesn't matter if it's crypto or not, if the value of your holdings exceeded $10,000 or more, you might want to play it safe and file. It's a fuzzy grey area and theres not too much guidance on this subject yet.

Here is an article highlighting some information reguarding the matter.
https://cointelegraph.com/news/virtual-currency-exchanges-and-us-customers-beware-irs-is-coming-expert-blog
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