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    Tuesday, August 10, 2021

    Home Unlabelled Ethereum I know some of use might be down in the dumps with regulators, but hey I finished this today.

    Ethereum I know some of use might be down in the dumps with regulators, but hey I finished this today.

    August 10, 2021

    Ethereum I know some of use might be down in the dumps with regulators, but hey I finished this today.

    I know some of use might be down in the dumps with regulators, but hey I finished this today.

    Posted: 10 Aug 2021 06:11 PM PDT

    Gas fees just went parabolic

    Posted: 10 Aug 2021 03:08 PM PDT

    Binance Smart-Chain Tops Ethereum Blockchain's Daily Transactions To GameFi | BEP20 vs ERC20 | ETH Need More Focus on Gaming to Build Token Culture?

    Posted: 10 Aug 2021 02:43 PM PDT

    I think this is very important. I’ve never agreed with Ted Cruz until tonight. But he is right. Validators are NOT BROKERS. We aren’t financial institutions. ����

    Posted: 09 Aug 2021 11:21 PM PDT

    Illinois Senator response to my Crypto/infrastructure bill email received today. This highlights the ignorance of our leaders in the US.

    Posted: 10 Aug 2021 09:28 AM PDT

    US citizens are already overtaxed on crypto and this new bill will make it worse

    Posted: 10 Aug 2021 03:56 PM PDT

    Don't ever let anyone tell you crypto isn't taxed. it's tax requirements are more severe and much more burdensome than any other asset class.

    1st- all crypto is purchased with already taxed dollars. When users use coinbase, they are using already taxed dollars to do so. Coinbase users are not using an IRA to make a purchase.

    2nd- once you enter the system, and you swap say ETH for Uniswap or sushi or any other asset for that matter it is a taxable event. Let me repeat each and every single time you swap one crypto for another it is a taxable event. users can be taxed dozens of times on crypto to crypto trades, and as we all know crypto is incredibly volatile.

    So you may have had a gain on a swap from eth to sushi, but when you swap from sushi back to eth it may be at a loss. All trades must be reported and tax paid if eth rose in value while you swapped or if sushi rose in price higher than you paid for it. same goes for any other another token swap.

    3rd- if eth rises in value when you make a trade to another crypto, you owe tax. but you don't have any extra fiat, you only own crypto- it doesn't matter if the price you paid for eth goes up and you swap for sushi you owe the same tax as if you sold for fiat.

    4th- airdrops are already taxed.

    5th- once you finally sell your crypto for fiat you are taxed once more when you exit the system.

    if you owned stock, you would only pay tax once you sold, and only if the stock rose in value. but with crypto you will have to pay tax multiple times on crypto to crypto trades, and then again when you finally convert crypto to fiat.

    lets look at an example:

    you buy eth for 1k- you sell 1100 of eth for sushi- you need to report and pay tax on that gain.

    then sushi goes up and you swap 1200 of sushi for eth- again you pay tax. then you take that 1200 of eth and you buy uni - another taxable event- then you swap uni for eth, taxed again and finally you go back to coinbase and swap eth for fiat, taxed once more

    ​

    this is insanity, but never let anyone say we don't pay taxes. we pay more than our fair share, and the reporting requirement is absolutely insane.

    submitted by /u/Low-Onion7924
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    I'm Todd Brady and I want to make Iowa a Crypto Friendly State

    Posted: 10 Aug 2021 01:18 PM PDT

    If there is one thing this infrastructure bill has shown us, it's that we need more states that are crypto friendly. I have been in crypto since 2017, and feel there is a big opportunity for jobs, and income sources for states that adopt cryptocurrencies. I recently announced my run for the District 19 Iowa State senate seat, and hope to push Iowa to be a more friendly state for cryptocurrencies if I'm elected.

    A few things that need to be looked at are the capital gains tax laws around how digital currency is classified in Iowa, and the need for laws to make it easier for companies to buy and hold. We also need to look at how income is classified with proof of stake coins, as those become more popular.

    My campaign just started and I don't have a big following yet, here is a tweet I sent out this morning in the hopes to push the conversation around crypto: https://twitter.com/toddforiowa/status/1425113059077545984

    If you live in Iowa, that's awesome, tell your friends about me! Here is my website: www.ToddForIowa.com

    If you don't live in Iowa, but want to support my campaign, this is going to take a big effort! My contribution page is here: Contribute to Todd Brady for Iowa

    Please don't hesitate to send me ideas you think states need to adopt to be more crypto friendly. If we can push this at the state level, it will help our cause federally too.

    submitted by /u/todd123
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    SpaceX embarks on space advertising, only accepts Ethereum payments

    Posted: 10 Aug 2021 07:16 AM PDT

    The API3 Alliance: 125+ API Providers on Web3 via Airnode

    Posted: 10 Aug 2021 12:24 PM PDT

    Sen. Cruz Leads Fight to Remove Harmful Regulations on Cryptocurrency From Wasteful Infrastructure Bill

    Posted: 10 Aug 2021 04:58 AM PDT

    Ethereum Layer 2 Ecosystem.

    Posted: 10 Aug 2021 04:35 PM PDT

    EIP-1559 Limits the % change in base gas fee. So how come the base fee is can go from 40gwi to 1544 gwei in just a a few blocks?

    Posted: 10 Aug 2021 03:10 PM PDT

    Pretty rad to see the largest bug bounty in history coming from the Ethereum ecosystem. It honestly says a lot about The Graph—hopefully more protocols will follow.

    Posted: 10 Aug 2021 02:20 PM PDT

    More Than $600 Million Stolen In Ethereum And Other Cryptocurrencies—Marking One Of Crypto’s Biggest Hacks Ever

    Posted: 10 Aug 2021 07:44 PM PDT

    Kevin O’ Leary: Ether On Track to Become Ultrasound Money

    Posted: 10 Aug 2021 06:09 PM PDT

    We Have to Fight Differently in the House Than We Did in the Senate

    Posted: 10 Aug 2021 10:22 AM PDT

    In the Senate, bad crypto language for the infrastructure bill was pushed by the US Treasury Department behind closed doors. Our community reacted and some senators introduced an amendment that improved (but did not entirely fix) the wording. Then some other senators introduced a competing, watered-down amendment, probably as a tactic to confuse. Negotiation ensued. This postponed voting, ultimately until senate rules dictated that one senator could block the amendment. And one senator did, a senator who is not running for re-election.

    To be clear, the Senate managed to get Treasury's wording into the bill and block amendment without any senator who is up for re-election being on record against it. We—our community, organizations, companies, and lobbyists—acted honorably and were taken advantage of by dishonest maneuvering. We need to do things differently with the battle in the House of Representatives.

    With the House, they have to remove the crypto language completely. No amendments with endless wording tweaks—it all just has to go. With this, we have something to fight for, and fight we will. Not just calling and e-mailing—we will go and talk to our representatives. We will carry signs in front of their offices. We won't let up. We have the will, and we have the motivation.

    Our demands are clear: Take out the bad crypto language or vote against the bill. That's it. Everyone can understand this demand, and every representative has to vote on it. Nobody gets to hide.

    We can do this. Right is on our side. The new infrastructure spending in this 2700-page bill is around $550B. Cryptocurrency's market cap is almost $2T and growing. The cryptocurrency part of the bill is more important than everything else in it. And we have the power. A large minority of Congress already wants to vote against the bill, so all we need to do is bring, say, 10% to our side. Let's call it 50 representatives, one per state. We can get 50 wavering representatives behind our clear and right demands.

    submitted by /u/yenachar
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    This is our new crypto atm in Cartagena Colombia.

    Posted: 10 Aug 2021 04:47 AM PDT

    Cryptocurrency machine in Durban South Africa

    Posted: 10 Aug 2021 04:33 AM PDT

    Eth2 staking on coinbase

    Posted: 10 Aug 2021 10:50 AM PDT

    Anyone staking their ETH2 on coinbase?

    submitted by /u/TookAnArrow2thaknee
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    Venmo Adds Bitcoin and Ethereum Credit Card Rewards

    Posted: 10 Aug 2021 07:10 AM PDT

    YOUTUBE LIVE SCAM

    Posted: 10 Aug 2021 02:26 PM PDT

    YOUTUBE LIVE SCAM

    I noticed this scam through out the last couple weeks. I wanted to notify fellow Reddit users.

    Live videos are popping up on YouTube that are not made by Vitalik. The videos promote an event that is certainly a Scam. Send 1 Eth and receive 2 ETH.

    https://preview.redd.it/9smxlfe5llg71.png?width=1052&format=png&auto=webp&s=c968e6dbeca32d679d591ac035a75cdfd1b9ecef

    They notify you that you can double your ETH part of the London Fork event.

    https://londonfork.net/eth/andhttps://ethevent21.com/eth/

    Are the two biggest I have noticed. Phishing style setup to gain excitement.

    Here is the Etherscan on https://londonfork.net/eth/, notice ETH comes in but nothing comes outhttps://etherscan.io/address/0x35E5A8D4ef473446C1d58099693c38B0141607Ff

    RIP Address:0xBc677003637ceA051b99C162697b441401E47ba2My thoughts and prays are with you..

    submitted by /u/Azzonglia7667
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    At least $611 million stolen in massive cross-chain hack

    Posted: 10 Aug 2021 06:41 AM PDT

    Please dont roast me guyz

    Posted: 10 Aug 2021 07:29 PM PDT

    Hello there, Im ooooother guy asking for the best advices to stake my ETH. I was a little related to Rocketpool but if Im not wrong isnt available yet. I know this kind of question is very repetitive but someone could help me with a guide or the best places to stake? (Coinbase, Kraken) thank you all!

    submitted by /u/Cfgp13
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    What if a bridge gets hacked?

    Posted: 10 Aug 2021 02:48 PM PDT

    First I'll admit to being no expert, so please correct me if any assumptions are wrong.

    Say I have real ETH and I bridge it to e.g. Secret Network. I'm not sure if there are multiple types of bridges, but my feeling was that you essentially deposit into the bridge contract and then some "pretend ETH" on e.g. Secret Network is minted. Due to it being 1:1 the price is the same.

    Now say the contract on the Ethereum side is hacked and the ETH is no longer there... now what? There may be millions of "pretend ETH" now with no real counterpart.

    Is it safe to assume that the "pretend ETH" would now quickly move towards zero value?

    Are there other better ways to do bridges where you don't have this real/pretend scenario?

    Thanks for any insight!

    submitted by /u/TragedyStruck
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