Michael Saylor says "Bitcoin is Canada's hope"

Quebec, Canada alone has enough 𝘂𝗻𝘂𝘀𝗲𝗱 hydroelectric power to operate the entire Bitcoin Network. Yeah, the entire thing.

Canada as a whole has 400 TWh of hydroelectric capacity.

https://twitter.com/michael_saylor/status/1426805190296997894?s=20

Will Quebec become the most advanced province/region in the world?

Due to political reasons in the United States. Canada allows Bitcoin to be used as a reserve currency for mining. Canada has faintly surpassed the trend of the United States to become a superpower. (However, the Canadian government is very strict, and the government may also take other actions.)

edit：Sorry, I saw a similar topic. I didn't pay attention.https://bitcointalk.org/index.php?topic=5354689.0

Recently, there as been a lot of discussion about using Bitcoin to pay or employers to pay salaries using Bitcoin.

https://bitcointalk.org/index.php?topic=5350730.0
https://bitcointalk.org/index.php?topic=5351333.0
https://bitcointalk.org/index.php?topic=5351973.0
https://bitcointalk.org/index.php?topic=5352233.new#new

(All forum threads, there will be many similar views)


There is a lot of hype among Amazon, Apple, and Tesla about accepting Bitcoin as a payment method. Many of them say that the adoption is better, but if the company converts a large amount of Bitcoin paid by customers into legal tender, it will give Bitcoin. The currency brings a lot of selling pressure.
Bitcoin is limited. Everyone uses Bitcoin for payment and daily transactions. Bitcoin is becoming more and more popular. Many people know that Bitcoin also has countries that set Bitcoin as legal tender. If Bitcoin is used to pay salaries, is it necessary to collect taxes?
Bitcoin is becoming more and more common for daily payments. If it is more convenient for everyone to buy bitcoins and use bitcoins for daily payments, will the price of bitcoins get lower and lower?
But now the legal currency has depreciated. For example, if you are rich, then you will not let your money just be stored in the bank, and will invest it in cryptocurrencies, houses, stocks, and others.
If conditions permit, I would be happy to use Bitcoin for daily payments, but some people have said that they will not sell their own Bitcoins and have been waiting for the price of Bitcoin to rise.
Do you think Bitcoin will be devalued in the future?

Bitcoin is now rising, and it has jumped by 3k in less than 10 minutes. Although everyone is happy but also worried, is it going to fall again?
My friend asked if I can continue to buy it? But I see a lot of people commenting that giant whales are now controlling the market. I told my friends not to enter the market for now, but my friends seem to have misunderstood me.
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。

Any investment is risky, so how should we distinguish between empty coin and MLM coin?
Aircoin is a white paper written casually by the project team, and the official website packs and collects money.
MLM tokens are mainly used to obtain reward tokens through pulling heads and offline multi-level development, or to obtain tokens by recharging members of different levels and purchasing virtual mining rights of different levels.
How do we know?
1. The attributes of the project itself: public chain currency, Token token
2. Token issuance method: does not rely on the issuance of a specific currency institution, and is generated through a large number of calculations based on a specific algorithm, which is a decentralized issuance method
3. Trading method: Digital currencies can be freely traded on exchanges. There will be multiple exchanges supporting transactions for the same currency, and coins can be deposited and withdrawn freely. At the same time, different people can conduct peer-to-peer transfers and transactions.
4. Implementation method: The token itself is an open source program and is maintained in the Github community. The open source code shows the parameters and methods of its total limit
5. Whether to provide a link to the source code: Generally, decentralized digital currencies will give a link to the source code in a prominent position on the official website. This is to show the operating mechanism of the currency system openly and transparently
6. Does the official website start with https: Generally, the official website and transaction URL of decentralized digital currencies start with https. The purpose of such websites is to protect users' data from being stolen illegally.
Do you have anything to add?

Because a major feature of Bitcoin is: anonymity.

If I use BTC to make a purchase, do I need to pay taxes to the IRS? If BTC is anonymous, how does the IRS know?

Similarly, if I buy cryptocurrency on the cash app and transfer it to my personal wallet, will this be considered a sale of my coins? How will the tax bureau track all this?

Provided that tax is required in the trade of cryptocurrency, do I still need to pay the tax when I'm losing money in the market?

I want to know why the blockchain technology countries will recognize learning, but everyone is not very optimistic about Bitcoin, or it is forbidden to use mining, but the blockchain is the underlying technology of Bitcoin, and Bitcoin is equivalent to the first of the blockchain Application, why is everyone still slandering Bitcoin? When learning the blockchain, they are attacking Bitcoin? There are some people who don’t know Bitcoin and slander Bitcoin. Why?

Bitcoin will be halved immediately. Should I deposit bitcoin or use it every day? Can I still buy it now? My personal idea is to deposit Bitcoin. I am still more optimistic about the long-term value of Bitcoin.

Excuse me I usually want to use Bitcoin to buy things, but using Bitcoin for small transactions will incur a handling fee. Is it not cost-effective to make a small payment? Transaction costs are relatively high. If I use the Lightning Network, will I double spend?What do you recommend? Thanks！

A few days ago, it was learned that El Salvador has set Bitcoin as legal tender, China has banned mining, and India has also stated that it has banned cryptocurrency by legislation. Recently, the German Fund Positioning Act allows investment in cryptocurrency, but in the past few days, I have seen a lot of discussions about whether Bitcoin is legal. What should I do if Bitcoin is prohibited in my country/region? If mining is prohibited, do I need to switch to a place that recognizes Bitcoin to continue mining?

I have a question might be stupid.

If Bitcoin is at 35,000 and I am investing 1,000 -5,000 and it goes up to 40,000

What is the best way to calculate ROI