I should add: don't limit yourself to just Bitcoin. There are some pretty decent proof of stake coins out there, so when you buy some, then your wallet will "mint" more. Then it's not just a matter of buying low and selling high, but you're actually earning a bit of an income. A really great proof of stake coin to check out is DMD Diamond. |
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I don't know why people say bitcoin is gambling. Its not gambling. You are investing your money and time. You use your internet. So its not gambling dealing with it.
I never gamble on purpose, but there have been some crypto ventures that turned out to be more like gambling than investing. It's the nature of the beast right now. You try to do your due diligence and so forth, but there are an awful lot of scams out there. That's why you only invest what you can afford to lose. Same principle applies when gambling at a casino. Only take with you what you care to spend. Have a good time but leave the credit cards at home. Bitcoin generally has better odds, but still, invest your extra money, not your retirement or savings money. |
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I doubt too many people see it that way. Although chains are used on prisoners at times, for most of us, chains are viewed as useful things you can do stuff with, not instruments of bondage. To me, block chain simply is a phrase implying a number of blocks connected linearly, hence a block chain.
But there may come a point where we outgrow chains and move on to fabrics or webs. The hyperledger protocol, for example, is supposed to function more like a web so blocks could be connected in various ways, not just linearly. There's also IOTA, which has been described as a "tangle." So... if you really don't like block chains, maybe wait five years or so?
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Bitcoin is already regulated in the sense that 3rd party financial institutions that transact in Bitcoin such as exchanges are subject to extensive KYC-AML regulation.
There are also tax laws about how to properly report and pay taxes on your Bitcoin gains.
So already there is no lack of regulation around Bitcoin.
With that said, there doesn't seem to be much in the way of direct regulation of Bitcoin, as in any laws pertaining to who may or may not own wallets, how much BTC can one hold in a wallet, how much can be sent, etc. I think trying to regulate direct BTC transactions or holdings would be impossible.
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I once read an article that says bitcoin is used as a payment transaction for terrorists and hackers. And maybe you guys in this forum also already know it. But here i want to convey my personal opinion in that matter. I think that internet and bitcoin interrelated. Many terrorists and criminals use internet .so also with bitcoin which used perpetrator However, despite all these issues, do people make concrete efforts to ban the internet? No. Not because removing and banning Bitcoin is difficult, but because the internet offers more positive than negative. For the same reason, we have to be more careful about our mindset for Bitcoin, because much evidence has shown that Bitcoin brings many positive, if not more, effects than the internet. Internet and Bitcoin are just devices that 'bad guys' and 'good people'. Fortunately, the world is filled with more people in the 'good people' category.
I haven't researched this recently but my current understanding is that for the most part bad guys stick with cold hard cash because it's far less traceable. Bitcoin, because of its block chain, actually leaves quite an extensive trail wherever it goes unless efforts are taken to "mix" or otherwise disguise it. Maybe it's cash that ought to be banned?  |
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I was really excited to see this article. Finally someone is telling it like it is as far as why NEM is preferable to Ethereum for tokens and probably everything else! |
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Yes, the whitepaper needs a few modification made, particularly with the announcement of our IPO changing a few things. I'm going to try and organise re-recording the audio for the next DNotes video this week (so hopefully finished next week), and we are preparing a litany of information sources for our investors to view with the upcoming IPO. Together, we will put together a compelling package that is backed by a wealth of experience in bringing businesses to the forefront in industries of new technologies. I for one will be eager to look through the litany you mention. It will be great to have all the info in one place. Thanks for all your hard work! |
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Hi, when bitcoin are realized from buying other altcoins. do i have to pay tax? for instance, I use one bitcoin on altcoins. i have the pay the "x"percentage for the flat value of one bitcoin?
also, by paying for the profits you made from bitcoins.. does it mean....if i spend 100usd on bitcoin...the value raised to 150USD. do i have to pay the tax for the 50usd profit. or is it including the capital 100usd? in total "x" percentage of the 150usd? sorry for my English. hope you are keen on helping me
I'm not an accountant so can't give tax advice. But yes, you do need to pay taxes on profits you make on cryptocurrencies as well as report any income you receive in cryptocurrencies. For example, if you get paid a cryptocurrency for a service rendered, that is reportable income. You can also write off any losses which can offset gains for tax purposes. That's the main gist of it. A really great program that can help with both the record keeping and tax reporting is CoinTracking. |
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What would you guys advise someone who is retired, living off pension and savings? Is it too late/risky to invest at that kind of age?
Do you guys think the elderly have a chance of jumping on the crypto train, or do you guys think it's too late for them to invest?
It's never too late to invest in cryptocurrencies, but the standard advice definitely applies in your situation: Only invest what you can afford to lose. You don't want to put funds that you are living on into this. However, if there is some kind of luxury good that you spend money one--things like eating out, going to movies, buying coffee at Starbucks--you could give up the luxury good and invest the money you would have spent instead. Also, you definitely will want to look beyond Bitcoin. There is a coin called DMD Diamond which is meant to be a store of wealth. If you have 200 of them (ideally, but works with less as well) and you keep your wallet unlocked for staking, those 200 DMD will "mint" more about once a week on average. DMD would be a good coin for you to pick up on a weekly basis (with money you would have otherwise spent on something you can give up) and just hold onto. |
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It looks like NEM is slowly heading back up after the recent correction, so sure, good investment opportunity. Buy on the dip, etc. The "dip" just happens to be $1.64 at the moment  |
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When I met Alan for the first time, way back in 2001, he was using this funny little “computer” (the DTR). It was like nothing I had ever seen before. I had hired a consulting company, way back in 2001, and Alan was the consultant they had sent out from Chicago. I hired him again, twice, once in 2002, and once in 2004. He was still using that funny little PC, hooked to a Cannon portable printer. I don’t know how many hundreds of thousands of copies he printed on that thing, but I know he printed thousands of copies off of it just for me. I will never forget the day I met Alan. I knew, before those three days he spent with me were up, that I HAD to get to know this man better. I could see the genuis in this man. I knew that together, we could, and would, change the world. That was the beginning of a beautiful relationship. Now, Alan is one of my dearest friends, my closest advisor, and mentor. We met Joe a few years later, and the rest is history, the greatest part of which has still not been written...........(in other words, the best is yet to come!!)
What a great memory. It's so valuable in this industry to have long term relationships. That's as much part of the solidity of this project as the great concept and even the new partnership with Geneca. No matter how "trustless" we can make the technology, ultimately you can't completely remove the trust factor, and honestly I wouldn't want to |
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I was thinking the price would drop back down as quickly as it went up, but it seems to be holding its own for now. It looks like we got a few new masternodes running too. $100 DMD in 2018?
It's not dropping back down. Well, might do briefly, but if we maintain the marketing, which the devs should (they're holding half the coins if I'm correct), we'll see $100 within Jan/Feb. This can go up to $300 easily - only 2m supply and good roadmap - I believe. Those who got in early, many congrats. I'd not gain much as i have been doubling my money in the s**tcoins and just unsure whether to stay with this or go back out there and play my money several times around a day. Not sure if the earning here can match the daytrade if we cannot get into a decent masternode. But the price will surely go up and that'll be sooner than some might think. If you're truly good at day trading it might be tough to beat the earnings even with a very good coin. However, for a passive income the pooled masternode that was recommended above is a very good one. I've been involved for several weeks and payouts have happened once a week very consistently, though on different days of the week due to holidays. Luis, who manages them has a good reputation in this community and is very easy to contact through his own telegram channel as well as the DMD community slack channel. There are currently 7 shares available which can be purchased here: https://dmdmn.miningfield.com/bshare.php Each share is 100 DMD and payout is about a half DMD a week. If you don't have 100 DMD, there is a mini share option which is for 20 DMD but I don't have the direct link. Edit: I should add that if you ever want your money back, that doesn't seem to be an issue, though I have no experience with that. The reason there even are shares available right now is because one or two users wanted out. |
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who is the devcoin developer? if he just fills in form they will add. or better still email them, they got back right away to me when i discussed another coin but I don't know all the specs. so if dev can identify himself and fill form or email them we can finally have an exchange cheers I believe it's Unthinkingbit. You can DM him. It would sure be awesome to get listed on an exchange again |
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I was thinking the price would drop back down as quickly as it went up, but it seems to be holding its own for now. It looks like we got a few new masternodes running too. $100 DMD in 2018?
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It looks like NEM finally broke through the one dollar barrier. It's now at $1.11 on CMC. Congratulations to all the NEM holders!
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It was $90 when I first looked into it. Mt. Gox was still a thing then too.
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Wiser, thank you for helping us to think through this. The Mini-IPO will only be selling up to 10,000,000 DNotes Global, Inc’s. shares at a fixed price of $5 per share, allowing us to raise up to $50 million using Reg. A+ Mini-IPO Title IV Tier 2. No money can be accepted until our registration filing is “qualified” by the SEC. It is a long and expensive process but far less costly and burdensome than the traditional IPO. We expect it to take six months at a cost of $500,000.
We have no intension of selling the DNotes any time soon. There are many reasons for the ownership. Strategically, it gives DNotes Global strong self-interest to make DNotes an immense success. Because of that it creates shareholder value for DNotes Global and stakeholder value for DNotes. And since DNotes own 25% of DNotes Global (subject to dilution) a more valuable DNotes Global also makes DNotes the digital currency more valuable with more intrinsic value in support of it.
The business models that we have been building are simply amazing. They are viable for our industry to follow one day, though not easy to replicate.
The whole DNotes model is extremely complex in many respects. As we attempt to merge the old world of centralized control with the leaderless decentralized new world there are many challenges we seek to overcome. We intent to be as transparent as possible and trust that we all can learn together.
Its going to be a very busy day for me. I will check in when I have a chance. Have a wonderful day.
I'm assuming here that there is a difference between 10,000,000 DNotes Global shares and 10,000,000 DNotes (the coin). The shares would essentially be created similarly to any other company stock once your registration filing is qualified by SEC, or are they also on a block chain? The 10,000,000 DNotes Coins you plan to keep indefinitely. If DNotes, the coin, owns 25% of DNotes Global how will that ownership be demonstrated? Are there shares that will automatically show up in your wallet based on how many DNotes you have, or do the coins themselves represent a type of share as well? I think I'm mentally falling over the logistics... |
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That is a valid question. If we use the 10,000,000 DNotes as a token sale to raise money for DNotes Global before being qualified by the SEC as registered or exempted that would be illegal under U.S. security laws. I would not be surprised that we need to file a disclosure statement with the SEC in the future if we intent to sell any of the DNotes.
Would it make any difference how you were to sell those DNotes? For example, would dumping them on an exchange at market price be any different legally than putting them up for sale directly to investors, most likely for fiat money? I'm thinking that putting them up on an exchange would be legal, though not recommended at this time. You own the coins. You have the right to sell them. But promoting the coin directly to investors as something that could be profitable would then qualify the coin as a security which means you'd better be properly registered and vetted first. What if you put the coins up on an exchange *and* also promote it? |
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