My question is this is there ways government can attack cold wallets? Can they regulated them , how we use them? Or can they prevent exchanging with them? Can they make them useless through law and regulation?Do they have any tools to do this or plans to do this wat are some of your guy’s thoughts?
Look at this unironic and shocking proposal from SBF to censor crypto transactions: https://www.ftxpolicy.com/posts/possible-digital-asset-industry-standards
Rumors on Twitter confirm that SBF is doing anything he can to kill defi and now this. When news of this gets out, I will not be surprised if Sam has signed FTX's death warrant. Look for a "Cancel FTX" campaign, which is justified IMHO.
https://stacker.news/items/84108
Technically he may be right that BTC needs a tail emission since the blocks are so small, but this could unleash holy hell on BTC price. Also the Maxies will lose their minds, because, well, that's what Maxies always do.
I wanted to make members of the Bitcoin Cash community aware of a Flipstarter campaign that I've just launched:
This Flipstarter campaign is looking for $12,000 USD (113 BCH) to fund the development of a desktop app that functions similar to CashFusion. As the campaign lays out, users have been experiencing issues with trying to use CashFusion for several months. This recent post discusses it too.
The goal of the campaign is to create a second, parallel CoinJoin wallet, in order to give BCH users a second choice when needing to protect their financial privacy.
I'll be attending the BCH22 conference in St. Kits. I look forward to talking with members of the BCH community there about this project.
If this project does not get funded, I'm totally fine with that. From watching this Reddit sub and the Telegram channels, it seems to me that many users are frustrated, and desire an alternative CoinJoin tool. If that desire can be expressed as funding for this project, then I'm happy to build the tool they need.
This campaign also seeks to build the CoinJoin protocol using a modular architecture. The modular architecture would make it easy to implement the protocol into mobile apps, web apps, and all kinds of BCH apps.
I own a retail gun store and I recently started accepting BTC both on our website and in store. We processed a return transaction the other day and I assumed if I returned the exact amount of BTC as was paid originally (minus network fees) I would not need to worry about tax implications of this.
Of course my plan is to just HODL the BTC and only worry about taxes if I need to liquidate for cash.
My accountant says that because I sent out BTC there was a taxable event and I will need to track these transactions. She also suggested I only return the fiat USD equivalent at the point of return as opposed to the amount of BTC that was originally paid.
What are the best practices for processing these types of returns? Where can I find official accounting / taxation information to send my accountant?
What would customers expect to receive for a return? The BTC paid? Or the USD equivalent at current conversion rates?
So after I opened an account and I provided both my cellphone number, my ID front+back and of course every other information that was asked so kindly from me, it was time for me to also send a selfie which should be taken by their built-in microservice that asked me to take one with my smartphone's camera.
I am not exaggerating when I am saying that I took maybe 100 selfies and the service simply wouldn't accept the shape of my face for whatever reason, perhaps according to binance's ai system I am an alien.
Long story short I never managed to verify my account, and their terms of services say that they have every right to keep my information for as long as they want.
I never used any CEXEs before I always got my crypto from services like paxful/merchants or ATM's, this experience convinced me fully to never even try to use one of their services again.
What's ironic is how we are supposedly using crypto to escape the tiresome ordeals and protocols of the banks and the governments, yet when I tried to make a simple binance account, I faced the same tiresome-protocols I face with every other bank.
It's really starting to look to me like CEXEs are no different to banks at all, and I am wondering why anyone would entrust them with their wealth.
Nic Carter is a founding partner of Castle Island Ventures, and a prominent voice in the crypto community.
In this episode of The Scoop, host Frank Chaparro welcomes Nic on to discuss his thoughts on BTC maximalism, crypto regulation, stablecoins, and the best opportunities in crypto right now.
Read our notes below to learn more.
Frank
This summary was originally posted on The Daily Bolt, which is a 100% free no-nonsense daily crypto newsletter by Revelo Intel.
Is it a good idea to buy like 2 bitcoins or something like that instead of just keeping it in the bank ?
We have all heard of silk road and I'm sure this topic has been discussed in the past, but I'm looking for updated information.
Does anyone know of an online marketplace where goods/services can be listed for sale and traded peer-to-peer for bitcoin legally? Ideally, buyers and sellers could/should remain anonymous, with ratings/reviews serving as the basis of merchant trust (customer trust being unnecessary as we're talking about bitcoin payments only). The service that matches buyer and seller receives a (very) small fee, sort of like Amazon, Craigslist, etc (other than the taking a very small cut part). Private parties would be responsible for paying applicable taxes on any profits made just like a flea market, etc.
I find it weird that I don't know of such a website/service yet and the whole concept seems like a major gap that needs to be filled. Are there legal ramifications I'm not considering that are preventing such a thing? I ask, because this would be the only way I would ever be willing to part with my bitcoin (and even then, I'd just buy more with fiat to replace it) and something that I would really like to see happen someday to cut out all the greedy middle men polluting the current system.
Thanks in advance for your collective insights.
At first, I thought in order to understand bitcoin, I needed to understand blockchain, hash rate, complicated mathematical problems.
Turned out, the thing that taught me the most about Bitcoin is my further understanding of the phrase “My money in the bank”* - Digging a little deeper I realised it’s not in the bank - Then I realised it’s not my money - Then I realised it’s not even money
*I got this analogy from a twitter post, I couldn’t find the post again to give the original author credit but this journey really was what opened my eyes to Bitcoin
Hey r/Bitcoin
My name's Julian, and I'm the cofounder & ceo of Apollo. We're a startup focused on helping bitcoin adoption. Specifically, we want to make it easier for people to research and compare bitcoin products.
We just launched the first version of our website (www.heyapollo.com), where you can review products across a handful of categories (including exchanges, mobile wallets, & hardware wallets).
You can earn sats by writing reviews, and also when your reviews get upvoted.
We believe a sats-based payment system will lead to high quality, trusted product reviews - whereas other review sites are often plagued by spam and poorly incentivized reviewers. Bitcoin fixes this!
Would love your feedback, and happy to answer any questions!
Would I be able to read it after obtaining a degree in Data Science?
BTC.b is a recently added BTC token native to the Avalanche network.
In episode 23 of the DeFi podcast, hosts JF Saine and Jared M welcome Michelle Tian, a product manager at Ava Labs, who has a background in strategy, credit, and structured products. In this podcast, she explains what having native BTC can enable on the AVAX network.
Read our notes below to learn more.
JF
Jared
Jared
This summary was originally posted on The Daily Bolt, which is a 100% free no-nonsense daily crypto newsletter by Revelo Intel.
Looking for a site where I can buy and use my £20 Flexepin voucher - having issues as based in Canada and hitting a few road blocks
Can anyone suggest a simple pref no KYC site ?
Like title, it was about how someone invented that they could use an item to split it and 'sell' it to people.
Question - What mobile app can I use to trigger alarms when Bitcoins falls to certain rates.
Id like to not keep cash or BTC in exchanges so What is a good mobile app that I can set alarms to certain rates.
I noticed when using "sendmany" rpc command to send bitcoin to legacy address with one output, the change address also will be a legacy address. Can I force Bitcoin Core to always use bech32 type of address when using change address?
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