Cryptocurrency Daily Discussion - February 11, 2020 (GMT+0) |
- Daily Discussion - February 11, 2020 (GMT+0)
- Besides transferring funds across borders without middle-mans, being open to using cryptocurrencies open business to an entirely new customer base around the world. There are many reasons why companies should adopt cryptocurrencies, however many just do not know how to do so.
- 3 Months Away From the Bitcoin Halving! Here's why this is important.
- What are your favorite cryptocurrencies / Which do you recommend investing in and why?
- Please help us stop people from being scammed by Kicktoken/KuCoin
- Man sentenced to prison for $200,000 interstate Bitcoin scam
- Chainlink's Explosive 2019
- The First 10,000 zkDai
- Truly Private transactions for Ethereum are here
- Podcast interview with Mike Alfred, CEO of Digital Assets Data: How Crypto Investors Think
- IRS Crypto tax AUDIT notice probes deep – Key Takeaways & next steps
- Why diversify when most of the market seems to follow bitcoin?
- You can now trade crypto’s in an IRA
- Four firms to control nearly the entire Bitcoin mining industry
- How Ethereum devs work behind China’s Great Firewall - Decrypt
- How to play poker using trx
- Eth2 Misconceptions: Top 5
- Is LTO a scamcoin?
- Has anyone reported bitcoin cash in their US tax return?
- Temporal + ENS: Launch a Decentralized Website in 3 Clicks from the ENS Manager
- Voting and taxing with coins
- Some very cool talks at Monero Talk about privacy, open-source software and decentralizing google
- Anytime you spend crypto in the US, the govt takes 30-50% and you’re a felon if you don’t report it? Did I get that right?
- Bank Of England Gold Store Of Value Vault - sneak peek
| Daily Discussion - February 11, 2020 (GMT+0) Posted: 10 Feb 2020 04:08 PM PST Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating. Disclaimer: Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here. Rules:
To see prior Skeptics Discussions, click here. [link] [comments]  | ||
| Posted: 10 Feb 2020 11:53 PM PST
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| 3 Months Away From the Bitcoin Halving! Here's why this is important. Posted: 10 Feb 2020 09:14 AM PST Since we're 3 months away from the halving, I wrote this article to help people better understand what the Bitcoin halving is. I go over the basics, why it's important, and what's happened with the 2 previous halvings. I hope this is helpful for anyone looking to learn more about the Halving. [link] [comments]  | ||
| What are your favorite cryptocurrencies / Which do you recommend investing in and why? Posted: 10 Feb 2020 06:26 PM PST I've been interested in cryptocurrencies for a little while now and I have just recently started investing in ETH & BCH. But out of curiosity, I would like to know what other cryptocurrencies people are investing in, and why they chose that crypto. I am making this post to expand I guess you could say my knowledge of all the different cryptocurrencies, and which cryptos people think are going to be very successful in the next few months coming. Sorry if this post is a bit nooby, just trying to learn about all the cryptos ^ ^ [link] [comments]  | ||
| Please help us stop people from being scammed by Kicktoken/KuCoin Posted: 10 Feb 2020 11:05 AM PST | ||
| Man sentenced to prison for $200,000 interstate Bitcoin scam Posted: 10 Feb 2020 01:38 PM PST
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| Posted: 11 Feb 2020 04:37 AM PST
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| Posted: 10 Feb 2020 11:07 PM PST
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| Truly Private transactions for Ethereum are here Posted: 10 Feb 2020 03:06 PM PST Read the article from buildblockchain for more information. Aztec protocol allows users to convert Dai,ETH and BTC into ZK versions of themselves which can be transferred privately throughout the Ethereum network, third parties aren't able to see how much has been sent. In future updates, details of the sender and receiver will also be private. Probably the most exciting innovation here is having a private and decentralised stable coin (ZKdai) because it is a first for the cryptocurrency ecosystem and could have a massive affect on adoption, now crypto can truly replace cash without the need to worry about volitility. Personally I would love to see this added to the argent smart wallet which already makes it super easy for normal people to use crypto. If you haven't seen or used argent, I highly recommend it. It allows feeless transactions on ethereum and seemless access to the dai savings account. You can also swap tokens inside the wallet instantly. [link] [comments]  | ||
| Podcast interview with Mike Alfred, CEO of Digital Assets Data: How Crypto Investors Think Posted: 11 Feb 2020 04:50 AM PST
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| IRS Crypto tax AUDIT notice probes deep – Key Takeaways & next steps Posted: 11 Feb 2020 02:26 AM PST | ||
| Why diversify when most of the market seems to follow bitcoin? Posted: 10 Feb 2020 07:34 AM PST So I'm relatively new to crypto. I bought some bitcoin and messed around with trading a really small sum to see if I could pick up day trading techniques (so far i've broken even) and feel like it's not really worth it without a lot of experience and or luck. In response to this I followed the advice I read from multiple sources which is to diversify my portfolio. It's relatively conservative with about 40 percent BTC, 35 percent ETH, and the rest broken up into alts that I researched and believe have some kind of value or potential utility like BAT, BNB, Tezos, ADA, and EOS. Having watched my portfolio for a bit I noticed everything seems to pretty much follow bitcoin right down to the chart shape. If this is the case, why put money into alts when Bitcoin is seemingly primed to be the most stable or profitable with the current environment of it gaining more popularity and nearing its halving? TLDR, is diversifying in crypto not equal to diversifying in stocks because of a too strong correlation between BTC and alts? [link] [comments]  | ||
| You can now trade crypto’s in an IRA Posted: 10 Feb 2020 09:55 AM PST
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| Four firms to control nearly the entire Bitcoin mining industry Posted: 10 Feb 2020 06:41 AM PST
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| How Ethereum devs work behind China’s Great Firewall - Decrypt Posted: 10 Feb 2020 09:32 AM PST
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| Posted: 11 Feb 2020 05:16 AM PST
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| Posted: 10 Feb 2020 10:30 AM PST Just published this article on Eth2 misconceptions: https://medium.com/@trenton.v/eth2-misconceptions-top-5-6edafaeccac1
Any others that I missed? [link] [comments]  | ||
| Posted: 11 Feb 2020 04:42 AM PST Ever since it came along all it did was dump. Unlike other coins like WRX Are the people in this coin just dumping it for good because they see something that we don't or could the founders just be exit scamming [link] [comments]  | ||
| Has anyone reported bitcoin cash in their US tax return? Posted: 11 Feb 2020 04:29 AM PST The new rule says you report bitcoin cash as income when you can separate it out and capital gain when you sell. However, the fork happened in 2017 and the rule only came out in 2019. Do I have to file tax amendments all the way back to 2017? Can I simply say the cost is zero and report all proceed in capital gain? [link] [comments]  | ||
| Temporal + ENS: Launch a Decentralized Website in 3 Clicks from the ENS Manager Posted: 11 Feb 2020 02:30 AM PST
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| Posted: 11 Feb 2020 02:23 AM PST So here's an idea that I'd like other people's take on. tl;dr in the bottom. In order for cryptos to acquire a firm place in our societies, it needs to be compatible with law enforcement, voting and taxes. I suspect too many problems will develop over time if a crypto is not directly or indirectly compatible with these divisions of governance. And rightfully so, in my opinion. So the question that follows up this assumption is: how will each of the governmental divisions become compatible with cryptos? Taxes: I'm currently playing with the idea that tax offices would pose as the representatives of their own tokens. As if every nation's respective tax office has its own cross-platform blockchain with their own tax token and that at the end of the year, people would have to upload their crypto record and have to ensure that a certain amount of tax tokens end up on one of the the wallets of the tax office. Law enforcement: In order to enforce financial regulations, you need to monitor transactions and in order to monitor you need an analytical tool that can analyze the crypto records. Blockchains already create records and I predict that a software will be developed in future to read these records in a human-friendly fashion. Quick coin-specific sidenote: I love the concept and agree with the philosophy behind XMR, but I am afraid that in the long run, it will acquire a controversial reputation for financial transactions due to the incompatibility with monitoring and, thus, law enforcement. And then last but not least: voting. Its election time and every citizen gets the right to a single vote. I feel like privacy during voting is an absolute requirement to combat corruption. It must be impossible to track who voted what while, at the same time, guaranteeing that each individual receives one and only one vote. So what if voting occurs by the means of tokens? Everybody receives a "vote token" and can send this token to the wallet that represents their favorite candidate. History has already demonstrated how easy it can be to establish a token and at some point we need a collection of high-integrity tokens on which people can rely. I feel like stablecoins already pose such a concept because people can start relying on the consistent 1:1 conversion ratio between fiat and crypto and I am very curious to explore ideas and dream a bit about highly reliable cryptos in other fields. So how do you guys picture a tangible future with cryptos? tl;dr: Crypto mass adoption requires governance compatibility: How do you taxes, law enforcement and voting with cryptos? I imagine tax tokens, monitoring transactions as part of law enforcement and private "vote tokens" to vote honestly. [link] [comments]  | ||
| Some very cool talks at Monero Talk about privacy, open-source software and decentralizing google Posted: 10 Feb 2020 08:38 AM PST
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| Posted: 11 Feb 2020 02:32 AM PST
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| Bank Of England Gold Store Of Value Vault - sneak peek Posted: 10 Feb 2020 07:50 AM PST
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