txtravwill
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December 28, 2017, 02:29:41 PM |
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I'm not messing with my seed... If TREZOR or Ledger decide to provide a coin splitting tool for this or any future forks (like they did with Bcash and Bgold), I'll claim. If not, my BTC stay put. Not worth the risk.
Agreed, HW wallets probably won't bother if its 1% or less of BTC value. If its 2% or more and they don't make a tool, I might be tempted to re-seed my wallet, move coins and do the split myself. I honestly wish I could understand the incentive behind the forks. Seems like so much $$$ just being given away and most of the recipients surely will dump. Who knows, maybe it's Bitcoin Pizza that will take the crown! Hahaha, not, my money is on Fedcoin. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) If you are not paying for the product, you are the product? Go ahead, move your coins (this goes for your clones as well) We won't track you, or target you in any way. There is nothing to be learned from this, don't mind the man behind the curtain. If you move your coins in USA it is probably a taxable event (income at the $280 that BCH hit the world, I think it was) ...spend it also (of course) I'm going by below IRS guideline and hope they just treat it like stock going up..you don't touch it ...this does not matter ....we probably can prove from the below that it is a hassle to get this stuff and came out of nowhere ....or at least this IRS plug leads me to believe (on the other hand the IRS released the 2013 guidelines 10 days before the filing deadline stating capital gains wanted on all BTC spent since 2009 (heh) also the coinbase where they wanted all 15 million account info INCLUDING passwords....because they caught THREE GUYS using coinbase to hide taxes...so wtf they literally could call all the forks like BCH income and expect us to pay..doubtful though) anyway, this gives me a little pause that they are not gonna go after the BCH and other forks as long as you don't mess with them or move them or sell them (ie to IRS...what? I have $$$ from the forked coin? really?) IRS guidelines that if you have not sold or moved any BCH you MIGHT be off the hook (remember the source here ...me...duh....I drank the BFL kool-aid..I know zip this is an example of what I'm doing and why I'm not even looking in the general direction of any forked coins...they can live or die on the vine...I ain't doing zip.) https://www.law.cornell.edu/cfr/text/26/1.451-2anyway, some modest hope I won't get screwed over...but how I am approaching this...no looky..no touchy...any forked coin... brad Movement of coins is not taxable, just when you realize the gains, thus conversion to $USD. Coinbase just has moves translated to $ amounts in their reports since they can't track outside their platform. The reporting is totally on you to actually report when you do have the gains.
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d_eddie
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December 28, 2017, 02:35:07 PM |
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Hey there,
I know that bitcoin is the most secure thing ever created and that duo to his low speed verification/transaction. If bitcoin turns to be very quick, hes going to lose from his security and then the possibility to be hacked.
But i have a question for bitcoin old big holders: When the bitcoin lightning fork gonna happend: are you going to hold the same amount of bitcoin and bitcoin lightning or more bitcoin lithting or sell all and buy more bitcoin?
The fact is: you can make transaction for less than 1 cent in 1 to 3 seconds max.
For me: i gonna use bitcoin for most of my money saving as it is the most secure thing on planet for now, and hold some bitcoin lightning for small transactions. Also can use it for big transaction if i need the transaction to happend in a second.
So, what is your view/Strategy on it?
There's no such thing as bitcoin lightning. It's just plain old (true) Bitcoin. You can choose to lock some of it in one or more lightning channels until they are closed, that's all.
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Enjel
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December 28, 2017, 02:35:24 PM |
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In the USA, starting 1/1/2018, movement of coins will be a taxable event under the Tax Cuts & Jobs Act signed by President Trump. Just thought I would put that out.
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d_eddie
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December 28, 2017, 02:36:10 PM |
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Buying and selling dash is not a taxable event for you? How is that?
Maybe because it's paid with/sold for BTC and not fiat?
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txtravwill
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December 28, 2017, 02:37:23 PM |
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In the USA, starting 1/1/2018, movement of coins will be a taxable event under the Tax Cuts & Jobs Act signed by President Trump. Just thought I would put that out.
Movement of a coin isn't, but exchange of a coin yes. The like type clause was eliminated, thus BCH to BTC and trading Altcoins would be taxable (for any gains only again).
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d_eddie
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December 28, 2017, 02:42:22 PM |
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I'm going to get a lot of flak for this, but Windows 10 isn't so bad.
Granted, I "modified" my OS so it doesn't auto update, and turned off all the suspect "malware / spyware". I confirmed it with network tools and wireshark and ethernet sniffers. Nothing in or out (not even encrypted unless I was using tor or a VPN).
Of course, I don't use IE. I just use Windows as the OS, everything else is an app ... firefox, bitcorns, gpg ... all free too. Got the license from school.
I'm still steering clear of Win 10 too, but finding good Win7 laptops (or desktop hardware with compatible drivers) is getting harder and harder. Do you have any pointers to good cleanup/securing routines? Thanks for the help! Edit: maybe the xvitaly thingy posted by NiceSoft12?
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Searing
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December 28, 2017, 02:46:47 PM |
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I'm going to get a lot of flak for this, but Windows 10 isn't so bad.
Granted, I "modified" my OS so it doesn't auto update, and turned off all the suspect "malware / spyware". I confirmed it with network tools and wireshark and ethernet sniffers. Nothing in or out (not even encrypted unless I was using tor or a VPN).
Of course, I don't use IE. I just use Windows as the OS, everything else is an app ... firefox, bitcorns, gpg ... all free too. Got the license from school.
I'm still steering clear of Win 10 too, but finding good Win7 laptops (or desktop hardware with compatible drivers) is getting harder and harder. Do you have any pointers to good cleanup/securing routines? Thanks for the help! Edit: maybe the xvitaly thingy posted by NiceSoft12? Windows 10 1709 major update...auto downloaded and wiped my windows machine back to default (new computer id mode) and all apps came up as saying it was a NEW windows OS . also wiped out all my folder arrangments on main screen to default was a real pain.....so I do an update before moving ANY crypto on a wallet...could you imagine sending coin and then have your computer reset at that point on an auto update be cautious with this windows and your wallets boys and girls
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d_eddie
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December 28, 2017, 02:51:24 PM |
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I'm going to get a lot of flak for this, but Windows 10 isn't so bad.
Granted, I "modified" my OS so it doesn't auto update, and turned off all the suspect "malware / spyware". I confirmed it with network tools and wireshark and ethernet sniffers. Nothing in or out (not even encrypted unless I was using tor or a VPN).
Of course, I don't use IE. I just use Windows as the OS, everything else is an app ... firefox, bitcorns, gpg ... all free too. Got the license from school.
I'm still steering clear of Win 10 too, but finding good Win7 laptops (or desktop hardware with compatible drivers) is getting harder and harder. Do you have any pointers to good cleanup/securing routines? Thanks for the help! Edit: maybe the xvitaly thingy posted by NiceSoft12? Windows 10 1709 major update...auto downloaded and wiped my windows machine back to default (new computer id mode) and all apps came up as saying it was a NEW windows OS . also wiped out all my folder arrangments on main screen to default was a real pain.....so I do an update before moving ANY crypto on a wallet...could you imagine sending coin and then have your computer reset at that point on an auto update be cautious with this windows and your wallets boys and girls I know setting your main net connection to "metered" can stop the automatic loading and applying of updates if you set that option ("Don't update over metered connections", or something like that). I think there is some fairly established procedure to sanitize Windows 10 into something resembling a loyal OS, but the sources are many and the devil is in the details. That's why I asked Dabs, who seems to know quite a bit about this, to give us some pointers before we switch to the Dark Side (all Windoze users will have to, one gloomy day. Myself included, sigh sigh.)
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Paashaas
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December 28, 2017, 02:57:07 PM |
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Poor Americans paying so much money to Uncle Sam ![Cry](https://bitcointalk.org/Smileys/default/cry.gif)
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bitserve
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December 28, 2017, 02:58:40 PM |
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Buying and selling dash is not a taxable event for you? How is that?
Maybe because it's paid with/sold for BTC and not fiat? Maybe that's his point. Still look as a taxable event to me. Fiat has nothing to do with it. You can just exchange a car with someone for another car and it will be a taxable event for the "equivalent fiat market value". That applies even to smallish things like i.e. bikes, books, vinyl records, etc... except noone cares about reporting those.
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d_eddie
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December 28, 2017, 03:00:52 PM |
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Buying and selling dash is not a taxable event for you? How is that?
Maybe because it's paid with/sold for BTC and not fiat? Maybe that's his point. Still look as a taxable event to me. Fiat has nothing to do with it. Yes, it is by the new rules ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif)
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Meuh6879
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December 28, 2017, 03:05:51 PM |
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I think there is some fairly established procedure to sanitize Windows 10 into something resembling a loyal OS, but the sources are many and the devil is in the details.
1) stop windows update service (only reactivate when you install devices ... and desactivate after a reboot). 2) stop windows malware search. 3) done. point 1 is the same for Win8 actually ... when an update can WIPE OUT the PC at factory reset (many problems like this and Win10 follow the same route because of massive update for drivers ... incompatibles drivers from Windows Update !!!).
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txtravwill
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December 28, 2017, 03:06:42 PM |
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Buying and selling dash is not a taxable event for you? How is that?
Maybe because it's paid with/sold for BTC and not fiat? Maybe that's his point. Still look as a taxable event to me. Fiat has nothing to do with it. Yes, it is by the new rules ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif) Yeah, if your a "coin trader" then will be a big deterrent now, could still manage and make money though off altcoin/BTC trading, etc. Do you think it will have more of reduction in altcoin trading and investment? Seems like people may want to get into something larger more stable and sit versus potentially trade in something even more volatile than Bitcoin. Thinking perhaps in early 2018 or here at very end of 2017 there may be some rush of funds back into BTC.
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Meuh6879
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December 28, 2017, 03:09:45 PM |
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Maybe that's his point. Still look as a taxable event to me. Fiat has nothing to do with it. You can just exchange a car with someone for another car and it will be a taxable event for the "equivalent fiat market value". That applies even to smallish things like i.e. bikes, books, vinyl records, etc... except noone cares about reporting those.
that's why i'm not agree about that : State have VAT (20% in my country). I don't agree to be tax target for exchange flux. and by the way, the State use 20% of the economy to finance ? No ! They use debt !!! that's it : State can not be represent more than 20% of the economy.
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MelMan2002
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December 28, 2017, 03:23:57 PM |
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Buying and selling dash is not a taxable event for you? How is that?
Maybe because it's paid with/sold for BTC and not fiat? Maybe that's his point. Still look as a taxable event to me. Fiat has nothing to do with it. Yes, it is by the new rules ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif) Yeah, if your a "coin trader" then will be a big deterrent now, could still manage and make money though off altcoin/BTC trading, etc. Do you think it will have more of reduction in altcoin trading and investment? Seems like people may want to get into something larger more stable and sit versus potentially trade in something even more volatile than Bitcoin. Thinking perhaps in early 2018 or here at very end of 2017 there may be some rush of funds back into BTC. This is why all American "coin traders" should move to Puerto Rico ASAP - can't beat 0% taxes http://www.portocapital.com/puerto-rico-act-22-tax-incentives-legislations-individual-investors-act/
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d_eddie
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December 28, 2017, 03:32:41 PM |
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I think there is some fairly established procedure to sanitize Windows 10 into something resembling a loyal OS, but the sources are many and the devil is in the details.
1) stop windows update service (only reactivate when you install devices ... and desactivate after a reboot). 2) stop windows malware search. 3) done. point 1 is the same for Win8 actually ... when an update can WIPE OUT the PC at factory reset (many problems like this and Win10 follow the same route because of massive update for drivers ... incompatibles drivers from Windows Update !!!). Thanks, Meuh6879! So with a startup script to stop the update and malware search services we should be good. I think there was more to it though. The sites I visited (just for my own preventive information) after Win10 came out usually listed a dozen points. Maybe it had to do with Cortana and other data-hungry little daemons?
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flynn
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December 28, 2017, 03:36:02 PM |
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Regarding these forks, am I wrong or you can't get access to any of these new chains ? No working wallets are available (except the old ones, BCH, BTG, ...)
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Enjel
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December 28, 2017, 03:39:11 PM |
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Buying and selling dash is not a taxable event for you? How is that?
Maybe because it's paid with/sold for BTC and not fiat? Maybe that's his point. Still look as a taxable event to me. Fiat has nothing to do with it. Yes, it is by the new rules ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif) Yeah, if your a "coin trader" then will be a big deterrent now, could still manage and make money though off altcoin/BTC trading, etc. Do you think it will have more of reduction in altcoin trading and investment? Seems like people may want to get into something larger more stable and sit versus potentially trade in something even more volatile than Bitcoin. Thinking perhaps in early 2018 or here at very end of 2017 there may be some rush of funds back into BTC. This is why all American "coin traders" should move to Puerto Rico ASAP - can't beat 0% taxes http://www.portocapital.com/puerto-rico-act-22-tax-incentives-legislations-individual-investors-act/Pretty sure PR doesn't have internet in most areas after this hurricane.
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d_eddie
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December 28, 2017, 03:44:48 PM |
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Pretty sure PR doesn't have internet in most areas after this hurricane. I think you can have PR residency and operate remotely from another location.
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arklan
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December 28, 2017, 03:53:33 PM |
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Ok, ok. I'm awake... And... Wrong about the price recovering by now. Good call torque.
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