[VAL] Validity - Decentralized Identities, Custom Assets, Elections, and More!

[Co1n]

Update from devs for week of 3/4/18:

With the implementation of the developer’s fund temporarily delayed due to ambiguity in the US tax law, we’re working on a few projects aimed at improving the accessibility of Radium’s functionality, including a cross-platform, web-based user portal for the SmartChain.

https://twitter.com/RadiumCore/status/971106801059028992

[honghaisea]

maybe i should start a bag of RADS now, 57000 sat is not very high in the past , one question , what about tradebytrade  exchange ? i have never use that exchange , even do not know when it appeared , is it safe for us to trade on it ?

[skidog]

Timeframe on the fork? Is it going back to .5 pos or are we staying on .25 ?

[Co1n]

Radium Update #43 — Project Status Report

We wanted to take a moment to give a “state of the project” update. We will try to address each ongoing aspect of Radium individually and list a few more that we are currently working on.

Project Status

Radium Hard Fork: ON HOLD while investigating TAX LAW

    The goal of this fork was to introduce a development subsidy so the developers would have funds to use for development and marketing. Due to the new regulatory environment, we have put the fork ON HOLD until we can determine how to correctly receive the funds. Our concern is that the development funds will be viewed by the authorities as “income” and be subject to income tax. The funds would also be subject to capital gains tax, after the income tax is paid. We have reached out to tax and accounting professionals regarding this matter, however as this is an entirely new regulatory environment, it is taking some time to develop an appropriate strategy. This fork does NOT create new coins, and is NOT the upgrade to the stratis code base.

CodeBase upgrade to Stratis: ON HOLD

    The stratis codebase is not ready for release yet. We are continuing to monitor the progress and development of Stratis, however, we will continue to hold indefinitely until the code is stable and ready for use.

Radium Cross Platform GUI: NEW!

    As the work on the fork is on hold pending resolution of the tax issue, Justin has been devoting most of his attention to building the cross platform, integrated wallet + SmartChain application. This will be an entirely NEW GUI, written in .net core + React, and will be available for all platforms. It will be a single application that contains both the wallet and the SmartChain.

Radium Website: IN PROGRESS

    Shane is interviewing developers for the new website. Our goal is a website that is clean, and easy to edit by non-developers so that additional contributors can assist in keeping the content updated.

Planned Future SmartChain Features

•    Transferable custom assets. Requires NEW GUI to the SmartChain. SmartChain users can issue an asset or assets using the scheme “username.assetname” with various properties that can be set at time of creation. Assets can be a single asset, or multiple, divisible assets. They can be created with options to be transferable or non-transferable, as well as permanent or destructible. This project requires completion of the CROSS PLATFORM GUI before work can begin.
  

•    Revamped Verification system. Requires CUSTOM ASSETS. The current dev controlled verification system will be scrapped, and replaced with a system based on username.verified assets. A trusted actor, such as an identity verification firm, can issue a verified asset to identities which they wish to verify. Users can chose which trusted actors they wish to trust, or ignore, allowing more control over who you choose to trust.
  

•    Voting groups. Requires CUSTOM ASSETS. A new option will be added to elections, allowing participants to be limited to specific groups, to be defined by ownership of an asset or set of assets. For example, voting can be limited to identities owning the asset “abcCompany.BoardMembers”, allowing only that company’s board members to participate.
  

To be clear, we are actively seeking an answer to the legal question regarding developer subsidies, but as many of you are probably aware, it’s currently difficult to find definite answers to many crypto legal questions. If anyone in our community has helpful legal input or resources in regards to the legal question, please feel free to share. As always, we’ll keep you updated as things progress.

— The Radium Team

https://blog.radiumcore.org/radium-update-43-project-status-report-d587396414d9

[SatyrA]

Tax law concerns? It is funny. RADS is not a money. They are tradeable token and nothing guaranties they preserve market value. It may even dropped to zero. Just pay tax from conversion to fiat on common basement.

[MrSunshine]

Tax law concerns? It is funny. RADS is not a money. They are tradeable token and nothing guaranties they preserve market value. It may even dropped to zero. Just pay tax from conversion to fiat on common basement.

In the US all RADS rewards are considered income (for the typical holder anyway), and any sales capital gains/losses. This is the way I reported it on my tax returns.

[JJ12880]

Tax law concerns? It is funny. RADS is not a money. They are tradeable token and nothing guaranties they preserve market value. It may even dropped to zero. Just pay tax from conversion to fiat on common basement.

In the US all RADS rewards are considered income (for the typical holder anyway), and any sales capital gains/losses. This is the way I reported it on my tax returns.

yes, that is the correct way to do it, from what I understand for US tax laws. The current tax situation is terrible, and needs to be clarified fast.

[MrSunshine]

Tax law concerns? It is funny. RADS is not a money. They are tradeable token and nothing guaranties they preserve market value. It may even dropped to zero. Just pay tax from conversion to fiat on common basement.

In the US all RADS rewards are considered income (for the typical holder anyway), and any sales capital gains/losses. This is the way I reported it on my tax returns.

yes, that is the correct way to do it, from what I understand for US tax laws. The current tax situation is terrible, and needs to be clarified fast.

Actually it is treated similar to stock paying dividends. I seriously doubt the laws will change anytime soon unless we start electing crypto friendly people to government.

[dextou]

Hello everyone

I do not know if the subject has already been treated so I explain.

Staking is largely slowed down on my RadiumCore and yet nothing has changed

I had a thousand pieces of radium and I had a normal staking, then I increased the amount "widely" and yet I only have 0.25 RADS at 1 RADS a day and no more ... and even days without no RADS.

My wallet is unlocked for staking and I have between 16 and 30 connections.

How is it possible ? I made the update (v1.4.7.1) a few days ago but this problem was already present well before that.

I hope you can help me !

Thanks for your help

[Nikolaiy]

I see a lot of topics and everywhere the same negative talk. It is not right. soon everything will go to the moon!

[Carina.P]

I see a lot of topics and everywhere the same negative talk. It is not right. soon everything will go to the moon!

The coin is always like this, gradually maturing in the discussion, and then prices are rising, and RADS is no exception.

[d3nz]

I see a lot of topics and everywhere the same negative talk. It is not right. soon everything will go to the moon!

The coin is always like this, gradually maturing in the discussion, and then prices are rising, and RADS is no exception.

BTW. why is the value of Radium is decreasing? Actually, it is the good time to buy more RADS.

I've been staking Radium for so long now, and i would say that ROI that i am getting is impressive.

[skidog]

I think we need an update on the tax situation. It would help... Having an idea of the future would give a clearer picture. Maybe we can work on more exchanges too. Decentralized...

[honghaisea]

I think we need an update on the tax situation. It would help... Having an idea of the future would give a clearer picture. Maybe we can work on more exchanges too. Decentralized...

When does a bonus campaign to promote RADS, although the community is now big, but we need more new investors

[JJ12880]

I think we need an update on the tax situation. It would help... Having an idea of the future would give a clearer picture. Maybe we can work on more exchanges too. Decentralized...

I think decentralized exchanges are an excellent idea. I would like to see rads on one if not more.

As far as the tax issue goes, it seems nobody really knows the correct way to do this, as nobody knows how the tax laws are going to be applied.  It is causing quite the challenge.

[skidog]

I think we need an update on the tax situation. It would help... Having an idea of the future would give a clearer picture. Maybe we can work on more exchanges too. Decentralized...

I think decentralized exchanges are an excellent idea. I would like to see rads on one if not more.

As far as the tax issue goes, it seems nobody really knows the correct way to do this, as nobody knows how the tax laws are going to be applied.  It is causing quite the challenge.

I would think/guess the best way would be to have it paid to someone/corporation/entity with a tax-friendly situation and then pay developers with that fund.

[onur1980]

hi, i sent xxx rads to my desktop wallet on macbook air. but i didn't receive yet? could anyone help me? i don't know how to refresh ?

same issue on vrc wallet.

thanks.

[chenjl84]

I really like the concept of the coin, this project is very honest, just looking at it to calm my mind and hope for the smooth.

[Co1n]

hi, i sent xxx rads to my desktop wallet on macbook air. but i didn't receive yet? could anyone help me? i don't know how to refresh ?

same issue on vrc wallet.

thanks.

It seems your wallet is not synchronized, check the latest block in the wallet and on the https://chainz.cryptoid.info/rads/

[skidog]

Is Radium an ICO?