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1361  Alternate cryptocurrencies / Altcoin Discussion / Re: How do I know if an altcoin is a scam? on: June 09, 2021, 08:50:30 AM
~ if its a real 100x token?
Did the team tell you that the token will give you 100x return? If so, that is already a red flag on its own. I would completely avoid it or just spend 1% of my portfolio if I feel like gambling on new or micro cap projects.

They didn't say 100x but the dev did say 1b in 6 months was the plan. Is that considered high?
What's this $1 Billion? The token market cap? If so, that's not really different from saying 50X or 100X. Remember that to increase crypto market cap per CMC, it would involve the circulating supply and the price. I doubt they would increase supply which suggests that the plan was pumping the price. Again, that's a red flag. I would avoid a team that discusses price or market cap.
1362  Bitcoin / Legal / Re: Crypto, taxes and regulations? on: June 09, 2021, 08:41:34 AM
If businesses start to accept it as a form of payment, and people start getting paid with crypto, how are they going to tax it or regulate it?
Before the Government allows businesses to legally accept crypto as payments, a law must have been passed recognizing BTC and other crypto as legal tender. I'm pretty sure part of that law is an attached policy on taxing crypto gains/losses.

If you are planning to accept BTC as payment when no tax policy has been approved yet, follow what @mindrust said just to be safe. You don't want to be subject to investigation and accused of illicit activities like money laundering.
1363  Alternate cryptocurrencies / Altcoin Discussion / Re: How do I know if an altcoin is a scam? on: June 09, 2021, 08:23:32 AM
~ if its a real 100x token?
Did the team tell you that the token will give you 100x return? If so, that is already a red flag on its own. I would completely avoid it or just spend 1% of my portfolio if I feel like gambling on new or micro cap projects.
1364  Economy / Gambling / Re: 🎲BetFury.io|⚡️Free BTC+BNB|⚡️$3.5mln Staking pool|⚡️BFG listing party on: June 09, 2021, 07:02:51 AM
^ The mined BFG tokens are not just complimentary. It's one of the main feature and selling point of Betfury. I don't think they'll have as many players as they have now if not for that.

If you read some of the past messages on this thread, you'll see some comments of gamblers unhappy with not being able to change client seed. They prefer to play on other platforms because of that reason. I'm guessing they're huge gamblers as well.
1365  Local / Pamilihan / Re: NBA discussion, betting and etc. on: June 09, 2021, 06:41:15 AM
Oh well, olats ulit sa game 1 ng LAC-JAZZ Grin

Ang ganda na sana ng first half eh. Lintek na Mitchell yan, parang Doncic nanaman nakatapat ng Clippers pero mas marami supporting cast and Jazz kaya mas delikado.
1366  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: June 09, 2021, 06:30:54 AM
Deposit Bonus Is LIVE - Earn Free Spins on Every Deposit!

The Bitcoin Deposit Bonus has been activated.

^ It's the perfect time to join this promo and send those BTC with transaction fees as cheap as this (taken from mempool.space).

I sent another $1 at 3 sats/byte and just waiting for it to be credited by FB. How many confirmations again before I get those 10 free spins on WOF?
1367  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Tax on: June 08, 2021, 07:31:45 AM
I think it is difficult to calculate crypto taxes, one thing that is impossible if there is a crypto tax,
It's not impossible or difficult if there is already a law in place.

and basically crypto is anonymous,
It's not anonymous (read the first 3 comments).

how does the state know who will or who owns bitcoin / crypto
They can extract information from the centralized exchanges/services you used and submitted personal information. Never underestimate the capacity of the state. They can go further/deeper than what I already said.

the government will also cheat in this case the common people will be asked for crypto taxes while , they will pay crypto taxes or not  / if they have crypto assets
What the government does with our taxes isn't an excuse for evading payment. If that looks unfair to you, blame the legislators who craft these laws. Anyway, that's beside the point. Let's stick to the main topic.
1368  Local / Pamilihan / Re: BPI hindi na mag allow crypto transactions on: June 08, 2021, 07:17:41 AM
~
Anu masasabi nyu dito sa latest about BPI mga kabayan?
Ayos lang as long as BSP grants Virtual Asset Service Providers (VASP) to operate in the country. Isa pa, hindi ko din naman ginagamit BPI. It's their loss for not having a system that's capable of handling crypto-related transactions. Yung ginawa nila will only add more customers to a rival bank na crypto friendly mula pa noon.
1369  Economy / Gambling / Re: 🔥Sportbook and Casino: BITSLER > $10,000 DAILY Wagering contest < on: June 08, 2021, 07:07:06 AM
^ So that's what they meant with their slogan almost impossible to lose that I often see on their twitter page. I guess there are only a few of us here who would take that offer not because we don't like but because of that fully verified account thing. It would have been nice if there's another alternative like minimum rank.
1370  Alternate cryptocurrencies / Altcoin Discussion / Re: Which BSC project is best for 2021? on: June 08, 2021, 06:57:07 AM
Take into consideration the history of each platform before buying their token. There were a lot of flash loan attacks recently and rug pulls prior to that. My personal favorite for farming/staking BSC tokens is ApeSwap. You should probably avoid BurgerSwap after repeated exploitation within days after the first flash loan.
1371  Alternate cryptocurrencies / Altcoin Discussion / Re: Is DASH too Centralized? on: June 08, 2021, 06:50:28 AM
~ If developers wanted to make DASH more decentralized, they've would've changed the collateral in DASH from being a "fixed one" to a "dynamic one" according to the coin's market price in terms of Fiat.
Is it up to the developers to make the network more decentralized as you describe? Or that's up for voting? If it's the former, wouldn't you call that more centralized because there are lesser people who would decide?

About the price, It's 1 DASH = 1 DASH I guess? They do not based it on the fiat value of the coin. It's the same with people saying 1 BTC = 1 BTC.


When you look at the Dash ANN when price was over $1400 in 2017, I'm pretty sure these questions have been raised and answered already. It doesn't look like they are in a hurry add more with over 4000 active Dash MN.
1372  Local / Pamilihan / Re: NBA discussion, betting and etc. on: June 08, 2021, 05:42:02 AM
LAC-JAZZ, Clippers pa din ako dahil sa tingin ko maganda yung naidulot ng 7-game series nila laban sa Mavs. Talent wise per team, andun naman sa dalawang koponan pero sa tingin ko mas mentally prepared ang Clippers.  Kumbaga nasubukan agad mental toughness nila maaga pa lang.

My nag-Suns ba sa inyo dito? Rooting for Nuggets pero wala eh, olats Grin Ganda ng team effort ng Suns tapos 4 players naka-20+ points.
1373  Economy / Gambling / Re: 🎲BetFury.io|⚡️Free BTC+BNB|⚡️$3.5mln Staking pool|⚡️BFG listing party on: June 08, 2021, 05:06:37 AM
About time the media team finally came out with that banner to clear the air
Yeah it took them a while after I posted it days ago. The statement about the information about the fake tokens appeared in various sources makes me think that those handling the token side of Betfury are still new to the space. It only needs one source and all they have to do is verify it.

~

Or we have other options, for example staking BFG at betfury and getting BSW as a reward, this looks more interesting right?

Not sure what would make the most sense or would be most interesting, but they can do a few different things here:
- Stake BFG in launch pool and get BSW
would be interesting as it would take away staked BFG from Betfury, thus increasing div payments to BFG staked there.

- have a BFG-BSW pool
Earn BSW for LP providing. Same as before, could be interesting as it will take away from Staked BFG in the platform.

- Stake BFG in a Pool on BSW and share in div payments?
Wouldn't make much sense to me, but I guess this would be possible.

I don't see them offering BFG as a reward for staking in any way. This would take away the need to play to mine at the platform.
@BitcoinHunt3r The most likely scenarios is that BSW will be added to the BNB liquidity pool and not as a separate token.

@CryptoNika interesting points. BFG holders will have to choose between earning 6 cryptos with lower rate and 1 (or 2) with thousands of APR.

We'll have to see what the team does next. So far, there's no sign of staking BFG outside of Betfury (only listings).
1374  Economy / Gambling / Re: 🎲BetFury.io|⚡️Free BTC+BNB|⚡️$3.5mln Staking pool|⚡️BFG listing party on: June 07, 2021, 11:21:34 AM
I just noticed the hide zero balance feature on Betfury. It's a small change but it's quite handy/convenient.

Also withdrew airdropped BSW to stake at BiSwap pool + some bought tokens. Wondering if there will be a BFG-BSW or BFG-BNB liquidity pools to open up soon with BSW as rewards. I cannot imagine them giving BFG rewards as that would compete with Betfury's dividends.
1375  Alternate cryptocurrencies / Altcoin Discussion / Re: Lost Dogecoin on: June 07, 2021, 09:39:30 AM
about 2 weeks ago ~
Transaction ID: fd632d229794ee1b88a7a75cd04b40c9b8c2add9cafaa0e74a85d15785c53a63
Your transaction should have been dropped and the amount returned to your wallet after two weeks. Try to wait a few more days if it hasn't been 2 weeks yet since you sent.

DCijHNjYEiNDZ7ZhFSvA6Yo7LyFT7WYxVd    shows two transactions of small amount sent after the lost  transaction which does not show up on blockchain
You mean to say you sent these two transactions using the same wallet? Or was it a different address?
1376  Bitcoin / Bitcoin Discussion / Re: Apple announcing crypto emojis would move the price more than El Salvador did on: June 07, 2021, 09:17:59 AM
Emojis? Really? It doesn't make sense but the market moves in ways most of us do not understand anymore like you said. Whatever the case may be, I guess it would be alright if non-coiner Apple users can get used to seeing crypto through emojis. Them buying because of that is another matter though.
1377  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Tax on: June 07, 2021, 09:11:37 AM
I would like to ask how other countries currently tax Bitcoin.
The rates differ per country but it's usually treated as part of Capital Gains. For some countries who don't have a specific law, I would assume that they would consider income derived from trading/investing/mining BTC as part of ordinary income subject to regular income tax.

In my understanding, it is difficult to find if Bitcoin is converted into legal currency.
This was kinda true when KYC on exchanges and custodial services wasn't a thing. Today, almost every centralized platforms that you deal with would ask for your information. That means it became easier to identify people who converts their BTC for fiat. Another thing is that almost everyone uses these exchanges. There are only a few people who trades in real P2P and DEX.


In China, we transfer cryptocurrency to others through Binance, and at the same time receive transfers from other people's bank cards. In the view of Bank of China, it is just a simple transfer transaction. If Bitcoin's hash address is one-to-one correspondence with the person, then Bitcoin loses its anonymity. This puzzles me.
I'm not sure how this puzzles you. You decide to trade on an exchange that collects your email address and identification and you still expect to be anonymous?

By the way, BTC isn't an anonymous coin to begin with. It's pseudonymous. You can try to hide your identity as the owner of an address but you cannot hide your transactions unless you use mixers/coinjoin and avoid centralized exchanges/services.

Taxation and anonymity seem to be opposed.
It looks that way because you have to declare the sources if you want to declare all your income (including crypto).
1378  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Are Airdrops and Bounties worth the work? on: June 06, 2021, 05:23:51 PM
~
also some of projects are worth to be hold long and just wait for the pump happens. If its not worth now, it may in the future, right?
What's your timeframe for long? Months which is within a bullrun or is it in a year or more? I've been there and done that and I can tell you now that the bear market is brutal. There are about 1 out of 100 new projects that survives past a bullrun. They either die from depleted funds or just completely abandoned months after launch.
1379  Alternate cryptocurrencies / Altcoin Discussion / Re: Next ETH on: June 06, 2021, 04:56:43 PM
Other projects like Polkadot, Cardano, Solana, and many others might have been inspired by smart contracts popularized by Vitalik and his team but there will be no other Ethereum.

This next ETH thing is only used by newbies and new projects (and their shill army) trying to make a name for themselves. Some of them also use ETH killer.
1380  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Are Airdrops and Bounties worth the work? on: June 06, 2021, 04:46:32 PM
~
I'm not sure if Airdrops and Bounties are worth the work.
It depends on the market condition. There are more hunters that gets lucky during a bullrun than during a bear market. Bounty/Airdrop tokens tends to pump early giving hunters the opportunity to sell them for ETH, BNB, TRX, or whatever blockchain the project was launched.
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