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Author Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit  (Read 3046095 times)
jackbox
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June 16, 2018, 05:26:18 PM
 #35721

Hey Jumbley I have been on holiday for 14 days and left my miners on mining DGB. I usually mine around 800 DGB per day but upon my return home ive checked my wallet and I haven't been paid any since the 1st of June so ive lost out on 14 days of payment. I'm more than happy to pay the 5% fee to help out the digibyte community but I cant afford to not be paid at all. I'm struggling to find any type of contact details apart from the so called AI that replies on facebook messenger. Please could you confirm that ill be paid or give me the contact details so I can speak to somebody about this matter. Ive seen in the post you said everything will be ok and they will send the payment but this happened to me a few months ago for a couple of days and I never received any payments for that. Thanks Terry

What algo are you mining? It seems all the DGB algos have been overtaken by Asics. DGB needs to transition to new Asics if it wants the smaller miners to stay involved in the project.

Buy a Trezor and Protect your BTC, BCH, BTG, DASH, LTC, DGB, ZEC, ETH and ETC from hackers.
If I was helpful please buy me a coffee BTC: 1DWK7vBaxcTC5Wd2nQwLGEoy8xdFVzGKLK  BTG: AWvN1iBqCUqG2tEh3XoVvRbdcGrAzfBBpW
If I was helpful please buy me a burger DGB: DLASV6CUQpGtGSyaVz5FYuu5YxZ17MoGQz
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June 16, 2018, 06:25:04 PM
 #35722

A lot of DGB fans are already connected to telegram which you can sign up to at https://digibyte.io. For those people that aren't here is a good live stream with Digibyte founder Jared Tate and Digibyte Ambassador Joshiah Spackman.
https://twitter.com/DigiByteCoin/status/1007741931479158784
GröBkAz
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June 16, 2018, 07:17:48 PM
 #35723

what i don't get about the taxes thing, is lets say you purchase something with crypto. what tax would be applied to that event?
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June 17, 2018, 12:58:27 AM
 #35724

what i don't get about the taxes thing, is lets say you purchase something with crypto. what tax would be applied to that event?

Well, even the folks here don't understand taxes at all either.

Otherwise, you would not hear folks declaring that the SEC not considering various Crypto Coins as securities as a good thing.

Trades of securities fall under the umbrella of Capital Gains Tax (in the US), and if they are not securities, then they have to be considered income.

Let's see, what would I rather pay:

Capital Gains Tax - 15%
Income Tax - 22% or more. But wait, it doesn't stop there. Add in SS Tax, Medicare, and all those other taxes that are included SEPARATELY on your paycheck. Those incidentals are also part of the 'income tax.' Also called 'Payroll Taxes'. You might very well now be above 30%

Now, which would you rather pay?

jackbox
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June 17, 2018, 06:03:53 AM
 #35725

what i don't get about the taxes thing, is lets say you purchase something with crypto. what tax would be applied to that event?

The value you got for the crypto minus what you paid for it is a capital gain. That is the taxable event. Every trade, every transaction now creates a taxable event. If you took a loss then you can deduct the loss (if you can document it) from your other capital gains.

Buy a Trezor and Protect your BTC, BCH, BTG, DASH, LTC, DGB, ZEC, ETH and ETC from hackers.
If I was helpful please buy me a coffee BTC: 1DWK7vBaxcTC5Wd2nQwLGEoy8xdFVzGKLK  BTG: AWvN1iBqCUqG2tEh3XoVvRbdcGrAzfBBpW
If I was helpful please buy me a burger DGB: DLASV6CUQpGtGSyaVz5FYuu5YxZ17MoGQz
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June 17, 2018, 07:11:09 AM
 #35726

what i don't get about the taxes thing, is lets say you purchase something with crypto. what tax would be applied to that event?

The value you got for the crypto minus what you paid for it is a capital gain. That is the taxable event. Every trade, every transaction now creates a taxable event. If you took a loss then you can deduct the loss (if you can document it) from your other capital gains.

When you buy something it probably also includes VAT. In the Netherlands, they luckily do not have capital gain, they just tax you a yearly 1-2% on your crypto as a tax on your assets. Smiley (as long as they don't see it as a form of income or something that should involve VAT)

Co-Founder and Managing Partner of Block Bastards
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June 17, 2018, 07:13:44 AM
 #35727

what i don't get about the taxes thing, is lets say you purchase something with crypto. what tax would be applied to that event?

The value you got for the crypto minus what you paid for it is a capital gain. That is the taxable event. Every trade, every transaction now creates a taxable event. If you took a loss then you can deduct the loss (if you can document it) from your other capital gains.

You are all running around talking about how great it is that DGB (and others) are not considered a security and then give bogus BS statements like above.

Do you even know the difference between securities, capital gains, income tax, and how they relate?

Quote
Short-term capital gains occur on securities held for one year or less. These gains are taxed as ordinary income based on the individual's tax filing status and adjusted gross income. Long-term capital gains are usually taxed at a lower rate than regular income. The long-term capital gains rate is 20% in the highest tax bracket. Most taxpayers qualify for a 15% long-term capital gains tax rate.

What this means is that for all of you, and we are talking about more than 95% here that claim to be HODL'rs - your coins will be held for longer than a year. If that is the case, then you will reap NO BENEFIT from DGB (or others) not being considered a security, and the lower tax rate that comes from long-term capital gains.

I understand where you got your answer above, from the most recent IRS published position on crypto. But a distinction and better understanding of securities, long and short-term capital gains, as well the difference between capital gains tax rates versus regular income should be the focus. If the SEC adopts a position, the IRS has to adjust their position to meet that set standard. One sets the criteria and the other enforces it (at the barrel of a gun and threat of prison).

I have never seen an IRS agent at the convenience store making sure that I pay the proper tax. I am never going to see one there making sure I have documentation that I paid all taxes required on my crypto prior to exchanging it for real-world goods.

However, I can assure you that if DGB (or any crypto) 'moons' and you have them for more than a year, cashout on an exchange, they will be there and you are going to wish the crypto had been considered a security and taxed at the long-term capital gains rate rather than at the regular income tax rates.

btw; the exact percentages above are older numbers yet the difference between the two (income vs capital gains taxes) remains (and with good reason).

Also - I am only speaking to the U.S.A.

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June 17, 2018, 10:19:20 AM
 #35728

I'll spread DGB how I want, you do it how you want. Asking clueless cashiers if they accept payment in Bitcoin is precisely one of the ways BTC spread.
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June 17, 2018, 05:37:04 PM
 #35729

Just move from the US if that's not very hard to do
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June 17, 2018, 08:25:03 PM
 #35730

Hello
Why is Digibyte not progressing even if its blockchain is considered most secure?
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June 18, 2018, 05:27:10 AM
 #35731

An apology if I'm uneducated. I am a new enthusiast of this cryptocurrency and recently downloaded your wallet on android, my question is as follows. I generate a new clear wallet. However, the first time I clicked the receive button, I found an address that I gave as an immobile, however I realized after about two transactions that this address changed and I was wondering why? Huh If you were supposed to create a wallet and take it for granted, you would have a unique address. Is this a problem or is it normal? if it is affirmative, I ask for your heart, please instruct me. I apologize for the length of the message is that I do not know where to ask for advice. also because of my bad english google helped me. By the way do I have a private key with a few coins where they recommend me talking about security to be able to import it? otherwise I can import my key from the android wallet to the pc only with the phrases? Take me out of this dilemma. Undecided
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June 18, 2018, 09:25:04 AM
 #35732

It's been a while since i followed DGB. What is the progress, anything exciting to hope for?
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June 18, 2018, 10:29:38 AM
 #35733

An apology if I'm uneducated. I am a new enthusiast of this cryptocurrency and recently downloaded your wallet on android, my question is as follows. I generate a new clear wallet. However, the first time I clicked the receive button, I found an address that I gave as an immobile, however I realized after about two transactions that this address changed and I was wondering why? Huh If you were supposed to create a wallet and take it for granted, you would have a unique address. Is this a problem or is it normal? if it is affirmative, I ask for your heart, please instruct me. I apologize for the length of the message is that I do not know where to ask for advice. also because of my bad english google helped me. By the way do I have a private key with a few coins where they recommend me talking about security to be able to import it? otherwise I can import my key from the android wallet to the pc only with the phrases? Take me out of this dilemma. Undecided
I use an old and reliable version of the desktop cryptocurrency wallet Digitbyte, which has only one drawback - it occupies a lot of space, but hard drives are inexpensive. He has no security problems. It is possible to save and import a private key. Enjoy, desktop cryptocurrency wallet Digitbyte it is a pleasure. My opinion is that at the moment I will not put my Digitbyte in iOS and Android mobile wallets!
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June 18, 2018, 03:07:23 PM
 #35734

Good afternoon. Progress is never fast, remember this. The most important thing is that the developers are actively working with the coin and are moving towards their goal. I wish success to all.

Hello
Why is Digibyte not progressing even if its blockchain is considered most secure?

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June 18, 2018, 04:03:15 PM
 #35735

It's been a while since i followed DGB. What is the progress, anything exciting to hope for?

A huge price increase when the market takes off again and people discover what an amazing coin this is.

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June 19, 2018, 04:36:11 PM
 #35736

It's been a while since i followed DGB. What is the progress, anything exciting to hope for?

A huge price increase when the market takes off again and people discover what an amazing coin this is.

Yes, maybe DGB implementation in Fortnite could work some wonders Cheesy

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June 19, 2018, 06:04:29 PM
 #35737

It's been a while since i followed DGB. What is the progress, anything exciting to hope for?

A huge price increase when the market takes off again and people discover what an amazing coin this is.
There are so many exciting things are going on. Go to their website and twitter to get latest development and uncomming details.
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June 20, 2018, 12:47:33 PM
 #35738

Under 300 sat is possible ? I will buy more.. No trade.. Just investment :>
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June 20, 2018, 10:24:22 PM
 #35739

Under 300 sat is possible ? I will buy more.. No trade.. Just investment :>

maybe it s going some down now  but i notice dgb is more stable than before, won't go easily down
in the coins i hold it s the one who get down the less sins last high
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June 21, 2018, 04:04:45 PM
 #35740

Excellent interview with Jared Tate and the Crypto Lark about all things $DGB
https://www.youtube.com/watch?v=9kaLmGSFFqI


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