I don't think you guys understand how capital gains taxes work. This isn't new, and this isn't something which is just present in the crypto world. Every single market where trading occurs - Stocks, Bonds, Real Estate, Commodities, Forex, etc are all subject to capital gains taxes.

If you buy something at 100 and sell it at 1000 within a few weeks, then you're going to be subject to short term capital gains.
If you buy something at 100 and sell it at 1000 after a year of holding it, then you're going to be subject to long term capital gains.

Short term is going to be the most expensive, tax wise, of these two. These capital gains are also reliant on your income bracket.

But to address your question, as it revolves around 'what if I lose money, does the government pay me' Well kinda.

If you buy something and then sell it as a loss, you're able to 'take a loss' on your tax return and use the loss to lower your income for the year (you can only take a loss of 3000 per year on your return, so if need be you'll continue to carry forward your loss until you've exhausted it) So yes, the government does in a way compensate you for your losses.

Don't think that capital gains is just present in crypto. This is present everywhere.

Centralized Exchanges are the banks of the crypto world, if you let them become that. In my mind, if you build a great coin with great features (think of something like XMR), then you're going to get the exchanges to accept you without having to dump tons of money on exchange fees. This is the thought process of 'if you build it, they'll come'

So this means instead of building from the top down (the top being exchanges) you have to built from the bottom up. This is going to take more time, more people, more resources in developing, and so on and so forth but you're going to be rewarded in saving on the exchange fees. A coin like XMR, builds itself in local communites first -- showing that it is a coin that is like cash again, anonymous. That's obviously going to be loved by regular people who value their privacy, people who are protecting their government, people doing shady things (drugs online, etc), online drug marketplaces, etc.

Now that you've built yourself into the community, the exchanges are going to slowly come. From the shitty / scammy ones, to the ones that are legitimate and big and have the volume required. At first you're probably going to have to run your own exchange -- a simple btc to XMR (or whatever your coin is here) conversion that people do manually (requires a good deal of trust)

They are the banks, but you can do a lot to dethrone them.

Honestly I'm not in the mining scene, though I'm going to guess that electric is pretty cheap in the WA/OR area. But from some looking through the internet, heres's what I've found. Can't vouch for any of these services, but this is it.

I found this one - http://bitcoinasichosting.com/ - on reddit, yet again I stress that I cant vouch for them or anything. Seems like they're based in Washington though.
Here's a site for one where you can get quotes from - https://www.quotecolo.com/bitcoin-mining-colocation/portland/ - Seems like they'll get quotes from a couple sites.

Yet again ya know, you're going to have to look into these sites and companies for yourself. But I did abit of the groundwork.

After a bit of research, I've come up with the following.

DG Rollins Mining, LLC is a company that was incorporated in Wyoming. It was incorporated in 2014, so it's been around for sometime at this point. The LLC was incorporated, though that doesn't mean that this is a legitimate company -- they could just be using another companies LLC and saying that it is theirs. It seems as if the company is also using agent, so the owners / Presidents information isn't put online, that's something a lot of companies do though so not surprising for this to happen.

The domain was purchased at NameCheap, and they're using the privacy option so the owner of the websites information isn't put online.

I've found a linkedin for the COO that you referenced (https://www.linkedin.com/in/terrencethurber)

What happens when you call the phone number? Is it disconnected or is no-one answering?


Sources:

https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=070129156218016225137229238125025165171191061045 - Wyoming LLC filing records
https://www.linkedin.com/in/terrencethurber - Terrence Thurber Linkedin info.
https://www.whois.net/ - Can't source this, but just put in the domain to find the info I've found.

I mean at that point, just sell a certain amount of your crypto and put it in a bank account, then use a credit card and pay it off with the balance in the account. The credit card is net 30, meaning that you'd have time to sell your crypto for whatever you bought.

I'll never understand using a crypto card, you get none of the benefits of traditional credit card usage (rewards, cashback, warranty protection, purchase protection,etc) When you use one of these crypto cards you'll kinda fucked, you pay pretty high fees for them to sell your crypto (which you could do yourself) -- Seems like Tap is around .5 - 1.5 percent (much higher then Coinbase Pro, Gemini, etc) and you get no rewards, cashback, warranty protection, etc.

I think these cards are a waste.

Ah, wish EClair was on IOS then.

Wallet of Satoshi is fine in my opinion. Yet again, we're dealing with what I'd called -- negligible amounts of money say something like 5-10 -- at a time. These wallets do make it easier (much much easier) but they are custodial at the end of the day.

Oh yes, without a doubt. The current issue with this is that most people haven't been around in Bitcoin to understand the phrase -- "not your keys, not your coins" -- they continue to think that it won't happen to them (like what most people say about certain things) and they think that the law will help to protect them and to make them whole in the event of an issue of some sort. I think this is a pretty common thought among Western people, who have certain laws in place in traditional banking like the FDIC (In the US), to protect them in the event of a bank run, bank failure, etc. That to them it's seems foreign that you'd be able to lose your coins, forever, if a hack was to occur.

But yes, I do think a good amount of the speculators don't care about this, but the Bitcoin OG's truly do.

Will without a doubt give it time, and try to push this to as many people as possible.

Just for my own info, does EClair charge you any sort of fee to top up in Bitcoin to the wallet? I know that Wallet of Satoshi charges a fee for this feature.

While there's no issue with using a custodial wallet, and it should be fine when you're dealing with such little amounts of money (like a checking account). The real issue in my mind lies in the fact that if the easiest way of using LN is a custodial wallet, that's a problem. It should be just as easy to use a custodial wallet as it is to use your own wallet.

When I think of custodial I don't think of Bitcoin anymore, I think of traditional banking where you're not fully in control anymore and the power of your funds is with someone else now. Yet again, not a real issue when dealing with small amounts of money -- though it still does present the problem of a lack of control -- something that we all love to talk about in the crypto community.

I must stress yet again that I do like it, and have used it before. I just think that telling people that use Bitcoin, to go and use something that is inferior to Bitcoin in most ways (minus fees) isn't going to be easy. Sending Bitcoin to another person is easy -- you get their address and then you send it to them, that's it. No channels, no nodes, no making sure you're connecting with them.

Even in LN sending money is the easiest thing (which in my mind, isn't that easy when comparing it to Bitcoin) receiving money is an entire different issue altogether.

Love the concept, and I do hope that it succeeds. It's just tough to think about right now, when there are still so many issues with the network.

Ouch, the green trust is probably going to make some of the newbies think that this is legitimate. I'm going to send a message over to Cabalism to remove that (if we can confirm that this isn't this account has been compromised) to ensure that people don't jump on using this because of the green trust.

Wish the forum had 2FA or something along those lines to prevent this, but I guess it isn't possible at the moment.

Edit: Cabalism has updated his trust, back to neutral this hacked account goes

Pretty big fan of Lightning Spin - https://lightningspin.com/ - for the few times that I've used it, I've had a blast gambling a few bucks away and not spending anything (relatively) in fees.


I think the problem is that LN isn't easy to use for people. Anytime I've tried to use it I just run into tons of issues that require a good deal of research to figure out -- either my node (I think that's the term) can't find a path to the other person, or I click the send button like six times and then randomly it finds a path. I know it's still being developed, though from someone that goes from Bitcoin (which is SO EASY) going to LN feels like something which (at the moment) is steps backwards.

I love the potential of it, I can't argue with that. But it just leaves a bad taste in my mouth at the moment, I would think that a good deal of the people in crypto feel the same way.

These questions come up all the time, and my answer to them is always going to stay the same. They're going to win until the banks notice that bitcoin can disrupt them and can remove their monetary control. At that point, regulators and banks are going to issue some pretty crazy laws regarding Bitcoin to try to kill it. And honestly, it will probably kill the price of Bitcoin if something like this was to happen -- I don't think it would kill the usage of it in the country, but the price would take a hit as retail investors would be scared.

Think of if the US was to issue a EO or pass a law regarding the banning of Bitcoin. People would freak the fuck out and sell cause a good amount of 'usage' in this space if just speculation by people who want to get rich. Nothing against Bitcoin, but when people see something go from pennies to 20000 in the course of a couple years, the gamblers typically come out to play.

Introduced and ISSUED are two very different things.

Introduced would mean that the bill has just put been put forth by someone in the chamber. That gives it as much of a chance as anything else in passing. Issued would mean that the bill / executive order has been issued as law and it will be enforced. Which is why this is the problem in the verbiage used.

They're also not executive orders, which would've been active upon being issued. They're bills.

This is like my writing a story about how some random state representative in south dakota wants to ban cell phones for people under 21 and then making the headline "SOUTH DAKOTA ISSUES LAW THAT BANS CELLPHONES FOR PEOPLE UNDER 21" This isn't true and it's misleading, it's bullshit all around. Crazy bills are introduced everyday, that doesn't mean there's a chance of them being passed.

If the governor and the majority of the legislature had come out and said they were supporting the bills and wanted to see them passed, that's one thing. But as of right now this is nothing.

Paywall destroyer for anyone wants it. https://github.com/iamadamdev/bypass-paywalls-chrome Works on Chrome,Brave, anything that has chrominium im pretty sure.

But Carlos Ghosen beat the Japanese security with a suitcase, he put himself in an instrument of some sort and got through secrurity. That's some shit STRAIGHT out of a movie. I think he'll be caught at some point, though who knows if he'll just be able to sit on a private island in the middle of nowhere and watch the sunset until the end of his days.

He seems to be active in the media, as he's trying to say that he's innocent and Japan is painting him in a bad light as a double standard. https://www.ft.com/content/20b853d2-3c38-11ea-b84f-a62c46f39bc2

I'll never understand why the EU is going to put/ has put penalities on countries that don't want to accept migrants. Like holy hell -- most countries would be fine with accepting migrants if they were able to do their own proper screening of said migrants. But no the EU doesn't allow that and just wants to dump unvetted people into your country, insane. I'll NEVER UNDERSTAND IT.

I'm pretty sure you understand that none of these executive orders and that all of these are just proposed bills in either the VA Senate or the House. Nothing has been passed, and nothing is going to change in VA. All this blog is is a sensationalist piece of news that is meant to clickbait deceive old people on facebook or people who don't know what facebook is.

https://bongino.com/under-the-radar-va-is-proposing-some-crazy-non-gun-control-laws-too/

Even bongino says that they're PROPOSING some CRAZY non gun control laws. PROPOSING.

Yes, stock prices go up and down. But in the grand scheme of things (since before the Great Depression until now) the stock market has grown at a rate of about 10 percent a year ~ 7 percent after inflation yearly. Our best indicator, at least in something that's been around as long as the stock market, is past performance.

Crypto is volatile, volatile as FUCK.

Just to show that, some of the worst entire YEARS in the stock market have shown 70 percent losses (Great depression)and the most recent losses have been around 50 percent or so (during the great recession of 2008. In crypto we see swings of 90 percent in a day, sometimes every few days (with some coins)

Well there's a much easier way to be (or to become rich)

1. Be born into money. That's without a doubt going to be the simplest way to be rich (I know, I'm messing around but this is the best way).

2. Work a good job (pay wise) and save a large amount of your salary. Take this money and invest it in the stock market, this is the best sure fire way to becoming wealthy.

2b. To further complement 2, have a side hustle of some sort to make money that isn't based on the amount of hours you work but instead is based on scaling your side hustle. This could be something like real estate, consulting, web dev work, etc.

Thanks for compiling the list, I'll try to run through them to find the actual fees present and report back here. Would be nicer for people when deciding to know what exactly 'fixed fee' means for the site, so I'll go grab those and post again with them.

+Merited.

Edit: Ah, I see that fixed fee is more pointing to the FIXED RATE portion of things on these websites. Going to be hard to find the fees, as they're going to be ever changing depending on the spread. Welp.

Big fan of when DS makes the list of people that he's currently looking through, rewards people in knowing that they're good enough for the campaign and maybe the only barrier to entry is the amount of slots present. Praying that at some point CM is more open to writers in the P&S section

Goodluck to all.

Ooh. Crazy, thanks for the info.

I don't know if you're able to pull this sort of info, though I did want to know where I'd be able to see the most merited people in each section -- like just for that section, and nowhere else. I'd assume I'm pretty high up there for P&S.

Thanks again. +Merited.