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2141  Economy / Economics / Re: Bitcoin Births Another Set Of Millionaires As BTC Nears $24,000 on: March 02, 2023, 09:45:39 AM
Quote
It’s no news Bitcoin has since been a millionaire-maker ever since its massive surge from its all-time low of trading below a dollar back in the day. And now, once again, data from on-chain analytics firm Glassnode shows the largest cryptocurrency by market cap has made a new set of millionaires.

This comes after BTC dipped below $20,000 last year creating a chance for smaller investors to be able to afford the accumulation of the asset, therefore, making them millionaires following its price spike above $20,000 earlier this year.

How they want to make something special out of some no news.
The thing is that the spike from 19999 to 20001 created more millionaires than the spike from there to 39999.
Why the 999 numbers?
Easily, all those new millionaires are because of the no less than 36,767 addresses with a balance of 50BTC and a few satoshis most of them with the untouched reward from the early days of mining.

They claim that the BTC uptick in early 2023 also created newly minted crypto millionaires.

It's not new millionaires, those were millionaires even in 2017 and in 2020, and a few thousands of those addresses actually belong to Satoshi and other early miners, so you could cut that spike of 30k easily by a factor of 10 to get a number closer to reality.

2142  Economy / Economics / Re: Iceland is ‘Europe’s last Bitcoin mining refuge,’ but concerns emerge on: March 01, 2023, 11:27:46 PM
It is believed that the northern European countries are the most progressive countries.  In these countries, the polar winter lasts for many months. 

During the winter months, people are at home near the hot hearth.  They read books, work on the Internet, think, communicate with each other.  The harsh climate forces them to introduce the latest achievements of scientific and technological progress into their lives.

You have a completely wrong image of the climate in Europe, probably watched too many Christmas cartoons or listen to some crazy propaganda about us freezing to death in our igloos or something. Europe is not that cold frosted place in which you stay in the dark and cold under 10 meters of snow for months, not even the northern countries are like that.
Seriously, this shit needs to end:



Iceland is considered a relatively isolated country so that its policies do not arouse all that interest.

Iceland is part of the EEA, EFTA, and Schengen, it's not isolated at all, more like almost fully integrated and it would be a member of the EU if it weren't for those fishery disagreements, the only real reason it's not willing to join the EU, and that might change since now the UK is out of it, the main reason for the disagreements. 


2143  Bitcoin / Mining speculation / Re: 2023 Diff thread now opened. on: March 01, 2023, 10:54:37 PM
Still tho, long way for confirmation, I will be happy if it turns out that i was wrong about a positive adjustment.

You and your fudge!  Grin

Quote
Latest Block:   778883  (3 minutes ago)
Current Pace:   100.6615%  (708 / 703.35 expected, 4.65 ahead)

So it recovered 30 blocks in 600, that's a 5% pace if we exclude the first day.
If we go with the next value, it's 18 blocks in 200, that's way worse, nearly double.
Current 24-hour pace is 169 blocks according to blockchair, making it again worse than the previous.

So, I think I really need to shut up babbling about limited hashrate growth, the madness doesn't really look to be out of steam.
This is from Bitfarms:
Quote
In addition, with $22.4 million in credits for the purchase of miners and 40 MW of built capacity at our Argentina farm, as soon as miners can be imported there, we will require minimal capital outlays to bring on substantial additional production.

Best case is the Ukraine firebombed a huge Russian mining farm or Russia firebombed a huge Ukraine mining farm.

I doubt there is any Ukrainian mining farm online, they are rationing electricity as much as they can, and no way with main cities in blackouts would they allow a farm to keep running. Besides, the drop actually happened at a moment of relative silence around there with no raids or explosions happening, it got worse today, but this would coincide with a spike, not a drop.
2144  Bitcoin / Project Development / Re: Outsmart Bitcoin Mining: heliosfund.io - We're LIVE on: March 01, 2023, 10:38:33 PM
Oh, look who's back, the 2.5% daily then 300% returns in a year scammer.

It is easy to see the way people would misunderstand you as a shady mining company

Please do tell me what I might have misunderstood in this
https://bitcointalk.org/index.php?topic=5402841.msg60373968#msg60373968

Let me give you an example:

we are starting a fintech based on mining, fully regulated with a EU license:
it's in the cards to obtain an EU license as a crypto fund in Estonia. We're going to apply very soon.

Our resellers are also one of the biggest in the US: https://wattummanagement.com/ , with whom we agree special prices as well.

WATTUM "Largest cloud mining company on the market" OH REALLY?
How nice of you, bringing another company with a scammy past into your business conglomerate.
Oh, and yeah, I'm one of the guys that reported your spam that ended up in the trash, thank me later for that!
2145  Bitcoin / Bitcoin Discussion / Re: Invest in Bitcoin by selling wife's jewelry on: March 01, 2023, 10:20:49 PM
At present I am forced to sell my wife's jewelery as I have no fiat money
And who exactly is forcing you?

Since he already said he lost money, it's obvious the culprit here is the same as in gambling, it's called Chasing losses.
He wants to desperately recoup those losses and he thinks he can make it big, (lol at the x10 in a year), same as gamblers, raising the stake with the hope this time will definitely work. Of course, it's less risky than a bet but at the same time, it might now produce the results he hopes for. Not even mention that from the start he will get less money for that gold and he will have to pay a lot more to get it back, and...the family issues. I personally wouldn't want to run into my mother-in-law for a while after this.

Also, from another topic:
I want to know a deep thing from you, I live in a joint family with multiple members including my parents, brothers and sisters, sons and daughters, nephews and nieces. Several people in our family work in cryptocurrency. We always work on Bitcoins and cryptocurrencies with computers and mobile phones. This made my family's young children interested in our work and wanting to know about Bitcoin.
~

This is going to end badly, that is, if it's real!!

You can always buy jewelry but the opportunity to buy Bitcoin at a lower price is not always available.  Looking back at the year 2014 when I was just a newcomer to the industry if I bought $1000  worth of BTC that time, I would be sitting in comfort today because that $1000  would have grown 160x+.

And if he had bought at the end of 2017 waiting for a x10 he would be single by now!  Wink
Oh, and furthermore, why don't you sell all your jewelry and your wife's jewelry like the OP now?


 
2146  Bitcoin / Bitcoin Discussion / Re: Bitcoin and its power of freedom on: March 01, 2023, 10:01:49 PM
BTC brings that power of freedom and no totalitarian state is going to take that away! That's my thought today about btc.

Nice, now take a flight to Pyongyang and explain to the people there how a totalitarian regime has no power over bitcoin.
Do share with us the experience when you return, that is, if you ever do!

A lot don't understand that Bitcoin brings you the freedom of not having to rely on an untrusted 3rd party, it's not an unbreakable shield by a totalitarian regime that is ready to throw you in prison and kill its own people, the freedom of using Bitcoin is because you are allowed to have that option in a free country in the first place, once that ain't a guarantee anymore any kind of freedom goes away.
There are a lot who don't understand the abuse of power a dictatorship is capable of, it's easy to say that while you're talking on a forum from the safety of your house in a democratic country, do this thing out in the open in another and see how it goes!

Your statement is only true if you store your bitcoin in a non-custodial (aka self-custodial) wallet and own its key.

There are tools for voluntary disclosure and donation of assets, Jack Ma is the prime example among thousands of how those things happen. As the OP you start with the premise that the secret police in such a country will somehow respect your privacy and rights and not pull a gun to your child's head and tell you that you have 10 seconds to remember what your cat eat exactly 147 days ago!  Wink
2147  Economy / Economics / Re: Iceland is ‘Europe’s last Bitcoin mining refuge,’ but concerns emerge on: March 01, 2023, 02:17:06 PM
Increasing the capacity of the geothermal industry would require massive investments. I don't know how "crypto friendly" Iceland currently is and will this "crypto friendly status quo" remain in the future.  Perhaps the crypto haters and FUDsters in the country would try to stop any investments that are related to the crypto mining industry because "Bitcoin/crypto is wasting energy." or some random BS explanation.

Massive investment coming out of... government money who would profit how from this?
Yeah, I know, taxes and profits from mining but at current prices and assuming full profit, not deduction not anything else Iceland will gain 2 cents per 5 cents spent per kwh, this if they would sell the electricity at production costs, thus they could simply sell it at 6 standard rate as usual for business and munch on those taxes the aluminum industry and the billions they are making. Besides, who would invest in billions in energy capacity for something that might be totally unprofitable even with current prices in one year, thus the government wouldn't gain a penny and it would be left with extra capacity nobody needs.

The clear indicator of why this won't work is there for everyone to see!
Remember Bukele's geothermal volcano mining? Wink
2148  Economy / Economics / Re: Iceland is ‘Europe’s last Bitcoin mining refuge,’ but concerns emerge on: March 01, 2023, 01:33:10 AM
The researcher estimated that the country’s BTC mining industry consumes around 120 megawatts of electricity. This equates to a global hash rate of 1.3%, which isn’t much.

Iceldn has produced around 18Twh of electricity, taking the standard model available now (not preorder), it can power up around 600k miners, which would make between 15-20% of the total hashrate. That is using all the energy for mining (no cooling or anything else), and shutting down every other industry, hospital, school, and nightlamp in the country. So the fact that they still produce 1.3% is a feat of its own since that requires close to 8% of all the electricity produced in the country, again, assuming only relatively new gear, with half of the electricity going to the industry.
Now, that 8% is giving ~$100 million in bitcoin revenue a year, Iceland exports 2.3 billion! in aluminum and that created 4000 permanent jobs.

You do the thinking on what they will choose to supply with electricity.  Wink

2149  Economy / Exchanges / Re: Binance - where is it located? on: March 01, 2023, 01:01:08 AM
Quote
Well, I think what this is is the beauty of the blockchain, right, so you don’t have to … like where’s the Bitcoin office, because Bitcoin doesn’t have an office. -CZ

So there you have it.

There are some addresses pointing towards Malta or Cayman Islands, however no clear public info about their official headquaters to be found.

Binance Holdings Limited is registered in the Cayman Islands, but they are not licensed by the CIMA to operate a cryptocurrency exchange there, so they use that Cayman-based shell company to run other Ltds in different countries. There is no office and no license in Malta either.

Checking wikipedia, some pages say they are not registered/unknow, some say "Society of Delaware".  Huh

That's Binance.us, incorporated in Delaware, again a virtual office.

How does a company like Binance pay taxes (if at all?) and under which law are they to respond to any disbutes?

They don't and they don't again! Don't worry, funds are #SAFU, /s!
2150  Other / Beginners & Help / Re: Bitcoin Mining difficulty VS price on: February 28, 2023, 10:12:54 PM
Bitcoin mining difficulty level always impacts the price of the Bitcoin market

In reality, it never happened and it would be stupid to do so!
This is not oil or coal or copper we're talking which has a global consumption that is heavily influenced by the price, here no matter what the price is the amount of daily produced coins will adjust to being the same every two weeks after each fluctuation.

On top of that, everyone seems to ignore the fact that difficulty can't increase overnight if profitability goes to the moon, we had record profitability per each TH/s two years ago simply because there weren't enough gears to be turned on and mine, they had to be produced, shipped installed, which took time to do so. Thus, even if the price was sliding and profitability was going down that gear was already ordered and in transit and got installed at lower levels, that's the reason you see it growing although the price is going down.

Second thing, the difficulty will still be able to grow even with flat prices, that is because of improvement in efficiency for newer gear, so you're going to have the same consumption, in the end, game same profits margins for miners, but overall the difficulty and hashrate of the network will be higher.

This is a nice graph:
https://bitinfocharts.com/comparison/mining_profitability-hashrate-btc-sma30.html#3y

It shows how 3 years ago prolonged levels of low profitability were keeping the hashrate growth moderate, then fast forward while despite price going down high levels of profitability were keeping the hashrate going up until again the equilibrium will be reached and the graph repeats itself.




2151  Economy / Economics / Re: The Return of the Barter Trade at Rural Communities in Nigeria on: February 28, 2023, 09:50:01 PM
Nigeria is in a very difficult state, the banks in my region are no longer operating. I went to the market today to get buy foodstuff, the whole place was unusually scanty with just a few customers. Interestingly, many of the traders have adopted POS machines as payment gateway, it seems to be the only viable choice since cash is so scarce.



Showed this yesterday to my father, had a good laugh at it, so:
-use of porous material, not clean material in contact with food
-no fridge to keep the mandatory contact surface under 5C  temperature
-no clean utensils used for intermediary meat processing, no designed space for depositing them between usage
-no mandatory gloves used while serving customers
-no sign of running water, scraps directly in plain view, meat of different kinds in the same space
-no label, no packaging, no readable label on the date and provenance of the meat, no sign of the last inspection
-let's not even talk about pest control
-probably mentioning something as mesophilic risks would be futile
-if it's not the cameraman's shadow then obviously traces of metmyoglobin which means already a lot of time since butchering

As a seller, I would love to do business there, as a client I would go vegan.

Nigerians have always shown a very high rate of irresponsibility especially from the leadership angle and that has been one of the major challenges we have.

Well, that's the bulletproof way of turning a country into one big ****.
The moment the population doesn't care at all who you put in power, the moment there is no such thing as consequences for imbecile or crooked leaders the country enters a death spiral of agony til it finally pushes the rest button, which although it will lead to possible better times with will come also with a lot of pain, and in some cases, the population will rebel against reforms and it will revert back to the spiral, a never-ending nightmare and it's better to act now if you still have the chance until there nothign to rescue left. Otherwise...there are plenty of examples where this leads to!




2152  Economy / Economics / Re: The current situation in the country Nigeria. on: February 28, 2023, 09:11:31 PM
That doesn't have access to bank are suffering. Just imagine a pregnant woman died in a hospital just because there was no cash the network was bad for transfer.

This is just bullshit!
You can say anything about how crappy the banking services, are and how bad the timing is but to pin the death of a pregnant woman in a hospital on the banks is just stupid. Imagine you would be in a car accident and before rescuing you the ambulance would check if you're insured or demand you to transfer money before they take you to the hospital, at least 20% of the daily care fee, book your hospital on bookingdotcom, I can already see the advert.

This is all the blame on the doctors and here they would be immediately fired and never allowed to practice again, plus slapped with so much damages to pay to the family that they will end up on the streets. I don't know if this really happens it's an exaggeration, it has a bit of truth but the rest is false, but in case it did really happen like this then that country has much bigger problems than a cash shortage.

2153  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: February 28, 2023, 08:54:08 PM
And despite all these, the gas prices (as per latest data from Dutch TTF, the price stands at $584 per 1,000 cubic meter), which is almost 4 times the price they had in 2020.

Love the moving goalposts, like a shitcoin developer clings to different dates depending on how he wishes to weasel his way out of this.
Remember this garbage you posted just a few months ago?

The last time I checked, Dutch TTF gas prices were at $1,288 per thousand cubic meters. This is almost 10 times the 2020 price. And the joke is that winter hasn't started yet. How confident are the EU nations, that the prices will remain in the $1,000-$1,500 range during the winter season?

When you keep posting shit like this when you keep being called on the stupid things you say, when it's obvious you have no clue what you're talking about when you've become the laughing stock with that stupid claim of Russia occupying half of Ukraine by May, don't you think it's time to move your quota shitposting somewhere else? Seriously, you have no clue about the countries at war, you have no clue about economics, you have no clue about anything, so stop using server space with your daily garbage 4 liners!
When you have 30 posts in this topic just quoting the TTF price, maybe you need to find a different playground, somewhere where you don't stand out like the scarecrow in The Wizard of Oz story for the same reason, of just straws and no functioning connecting synapses.

Well-known economist Andrei Movchan believes that the militarization of the economy is a very effective way of redistributing national wealth from richer people to less poor people.  
For example, there is a resident of a small village in the center of Russia.  His salary is 20,000 - 30,000 rubles.  He has no chance to increase his income.  
However, as a result of these events, he is mobilized and receives a salary of 200,000 rubles (that is, his salary has increased 10 times).  Yes, he may die in the war, but in any case, the income of residents of large Russian cities (Moscow, St. Petersburg, Yekaterinburg, etc.) will be redistributed in favor of residents of small towns and villages.

You assume:
- "volunteers" get paid differently than normal army pay (which is not 200k rubles)
-  they will get back alive
-  they will really get paid that much
-  they will get paid at all
Then you go ignoring the effect of the 300k able men who were the single providers for most families in the poorest regions, 300k dead and mauled men whose families won't get any help, just like the crew of Moskva, because, well it was an accident and they didn't die on combat duty. Oh wait, it's not even a war, it's a special operation so after it ends they won't be receiving any payment like veterans.
2154  Economy / Exchanges / Re: Wirex- Bitcoin Debit Card | Buy Bitcoin | Mobile Banking | Send Money on: February 28, 2023, 06:40:02 PM
So its not a safe platform to invest at wirex??
I didn't listen anything negative about wirex until now

Safe as not pulling an exit scam? Probably, since they make a shitload of$ on their fees and others' fees and extra hidden fees.
Safe as in not ever getting hacked or getting in trouble with their investment strategies the way ftx went? That's questionable.
Overall, investing in ridiculous APY on their website in some unknown shitcoins? Not safe at all!

I've been a wirex customer enough to be really cautious about them, one thing you should know from the start, it's almost impossible to contact someone and have a live chat with them, you will end up shutting down your laptop and going to sleep rather than trying to get ahold of a real customer support person. Second, all those advertisements on returns are really dangerous, not even mentioning they offer 50x leverage for their trading, an easy way to simply lose a ton in a glitch, and glitches do happen on their platform, I've been stuck with forever loading screens before even while just viewing my balance and not just once.

I'm not a fan of the biggest CEXs around but they are a better option than wirex.
Wirex is doing a good job at having a card and an easy way to top it up and spend, that works 99% great, the rest not really a thing.

Really only use wirex when I have no other option anymore not to mention I earned 5000 WXT tokens using the card which I can do NOTHING with.  can't sell em can't send em out. nothing so your earning WXT tokens that can't be swapped unless I have 80,000 of them minimum and they won't let me send them out to another exchange.

Just go earn the other 75k   Roll Eyes, I only need 65k with 4500 in the bank , so to earn 60000, which is around 250 euros, and at a 0.5% crypto back it means I need to spend around 50k euros with their card to be able to cash in my rewards, and not die and wirex not to go bankrupt by that time.


2155  Other / Meta / Re: Sleazy sex link sent to my pm on: February 28, 2023, 06:09:59 PM
Out of curiosity, I visited the "dating" site, and they ask for some info about you (Social engineering) and then probably link you to a profile of someone as a "beautiful woman" who will try to scam you afterward.

It's not even that complicated it's just a spam ad with a Whitelabel page with different intros and clips, the so-called inquiries are just to make it look like they really care about who you are and they have an actual female on that entire website, I've seen those ads before and a few years ago I even helped one friend to install their flash popups on his blogs.
The main company behind this is flirt(dot)com and the guy spamming is just earning from refferal through his affiliate program, the giveaway is in the blocked page ublock showed,

Quote
*tds/ae?tds_campaign=s3770yal&tdsId=s3770yal_r&s1=int&utm_source=int

So he probably thought the could spam the entire forum with his links and maybe earn $30-50 from a paying customer.

If he wanted to do a social engineering attack and especially target Philip he would have said he is selling mining gear or has a deal in solar panels, far better chances to catch him with that  Grin Grin
2156  Economy / Economics / Re: G20 Meet ups, Global Crypto Rules based on IMF & FSB Synthesis Paper... on: February 28, 2023, 05:48:53 PM
The G20 is a forum, it's not an organization, it has no way of enforcing anything between participants, it's just an informal forum where everyone bitches about their problems, the rest agree and disagree, and when they return home every single country is doing things as before.

To expect something crypto-related that will end in a unanimously agreed regulation of some kind is a fantasy, not while China which has already banned almost everything crypto-related is a member, how do you think that will sound? To make things worse there is Japan and SK with tighter regulation already in place and some that don't really give a damn like Brazil and Mexico.

So, nothing to see here, they will have far bigger issues to discuss than focus on crypto.
2157  Economy / Economics / Re: Nigerian Central Bank seeks new CBDC partner on: February 28, 2023, 05:37:34 PM
Surprisingly, even with the cash crunch that seem to be holding Nigerians ransom, they still prefer to use BTC for transactions more than the E-naira even after it promised to improve retail payment.

Do you have some numbers to compare usage on it?
Because with 200 million in Nigeria even a fraction of it, like 0.1% doing one transaction a day would mean 200k extra transactions, which, obviously are not there in the blockchain at all! Besides a comparison would mean having access to government data, and those have not also been revealed, not even mentioning the last week when the ordinal hype raised the transaction fee to at least 10sat/b, close to half a dollar for a simple tx, not something really appealing for a country with a minimum wage around ~$100.

Plus, if you are unable to use a debit card hard chance you are knowledgeable enough to use a Bitcoin wallet.

They should just focus on BTC instead and do what El Salvador did.

Nigeria doesn't have the $ as a currency to not care that much about the exchange rate or conversions or capital outflow, for Salvador it was simple, the central bank was not involved in money printing, money security, or anything else.




2158  Economy / Economics / Re: Did the Bitcoin Maimi conference 2022 contribute to Bitcoin price. on: February 28, 2023, 04:08:57 PM
Bitcoin's role as edge over inflation was one of the numerous things discussed and and according to
Quote
Morgan Creek Capital founder Mark Yusko, the problem isn’t inflation per se — it’s currency devaluation.
Pointing out it is scenerio of currency devaluation as 1BTC will always equal 1BTC using the policy of the federal reserve as reference. Stating the value of Bitcoin in dollar might become relevant over time as monetary policy continues to erode consumers’ and investors’ purchasing power.

1$=1$ and 1Luna=1Luna as long as you don't sell or try to buy BTC with it 10 years later.
I find it amusing how while we're going down 1BTC=1BTC but when we're in a bull market everyone forgets about that and starts with 1BTC =x $.

As for the conference itself, it's no longer 2015-2017 when every major event was something new, never seen before, when you had literally millions who've never heard of it before and so, just to point out a thing, since we're talking about Miami, the Miami-Dade Arena was called FTX Arena from 2012, one year prior to the conference, this was just an event wth no authority that can take legal decisions presently.

The conference was more like an auto show, where everyone goes to see what's new and companies invest for publicity, no car maker decides the prices for the cars or the wages for their workers based on that.


Oh...btw

Quote
The topics of many panels related to sustainability and environmental, social and governance (ESG) standards when it came to Bitcoin mining. Cointelegraph spoke to Greg Beard, chief executive officer of Stronghold Digital Mining

one year later, Stronghold is returning placed orders to avoid bankruptcy.  Grin
Not really the guy you want to take advice from, right?


2159  Bitcoin / Hardware wallets / Re: Is Metal Seed Storage Safe in an Earthquake? on: February 26, 2023, 05:31:41 PM
From Amazon I can find water and fireproof safe box starting from $35+ (https://www.amazon.com/s?k=water+and+fireproof+safe+box+for+home&crid=2OYU5UWUVG3FJ&sprefix=water+and+fireproof+%2Caps%2C485&ref=nb_sb_ss_ts-doa-p_1_20) so its worth buying and can be more cheaper with some deals and coupons or nearby shops, but more compact the safe then it will be easier to keep it secured and hidden since we are only going to keep piece of paper(s).
Honestly, I wouldn't cheap out on a good safety deposit box if you really want it to be water and fireproof. I am sure it would be a horrible feeling getting one that turns out to be semi-water/fire proof. $30 for a good product seems like a toy for children. I am thinking more like $100 if you want something worth the trouble. And I would also Google any safe I intend to buy and look for professional reviews where they show if the product really protects the contents against water and fire.  
I said we can get from 30 so for someone who just looking for basic boxes can consider these inexpensive which also got have 4+ ratings the actual sturdy one which I noticed is 299 if I am not wrong and it looks good.

I checked a few of those and there are 5 ratings from people that do mention they haven't been through the fire with it, so, are those ratings completely true if the box wasn't actually put to the test?

From my army training and the years I spent with inspections on the farm's buildings, there are a few things you need to look at in those so-called safe boxes, the temperature they are rated and the amount of time they are rated for at that temperature.
So if it's safe for 2000C without the time then it means it's garbage.
No safe box should ever have under an hour of constant +1000C, the average house fire goes to 800 and it can keep those for more than half an hour without intervention, so most of those "silicone fiber glass " and other stuff is useless, they throw at you a certification that really means nothing, like the 30$ box that shows a UL94 classification which is for the material itself, not for the protection of the content.
Two guys are asking for the fire rating and the shop owner just avoids the question going bla bla bla.

I don;'t know maybe it's just me but storing more than 1 BTC in a cheap $20 alibaba safe (yeah I know it's amazon but I've seen enough resellers to not care anymore about the brand)  seems like a really not so good idea!



2160  Economy / Economics / Re: Rules of Taxes on: February 25, 2023, 05:17:06 AM
Agrar fruit and crypto is not the same tax asset. Most of the cryptos are categorized in the same tax asset class as precious metals. The difference is, that you consume food fast, but precious metals is a long term trading value.

Nobody here is talking about crypto or crypto taxation, OP wanted a simple answer on taxation on agricultural products.
Do read the message to which I replied!

So you first point from the quote is right. Under a certain amount of selling profit you does not have to pay taxes. Above you have to pay taxes - But: If you hold that kind of assets 1 year, you also have not to pay taxes for the profits. / Except stable coins and staking (other tax classes).

Of course it's right because that's what we're talking about, taxation for a yearly activity with a determined revenue that comes falls into different categories, non-taxable, taxable under 10% here as additional revenue but still beyond a certain amount, or taxable at 25%.

I don't understand why you felt the need to bring crypto into this, might as well talk about tourism taxation or revenues from copyright as they have just as little in common with agricultural stuff as crypto.
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