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Sunday, 17 January 2021
Will new Bitcoiners find their way to Bitcoin Cash or should we proactively grab their attention?
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source https://www.reddit.com/r/btc/comments/kywcbb/will_new_bitcoiners_find_their_way_to_bitcoin/
Coinparty - A Virtual Coin-Slot for Games! Tournament Announcement!!
I built a virtual coin-slot for players to purchase digital goods directly through an in-game vending machine!!! The project will allow server owners to place this virtual merchant and accept BCH as payment for in-game goods. This marks a major milestone in my Coinparty hackathon project, I've fully implemented the tech and it's now LIVE on my servers! Over 1000 people will see this booth each day, I think this is going to really help adoption in this space! To further promote adoption, I've organized a BCH PRIZE TOURNAMENT for my Rust server!! I'm giving away $100 USD in BCH to 24 contestants. Watch the broadcast of the tournament at twitch.tv/mrsquidtwitch when we go LIVE tomorrow, January 17th, 11am West / 2pm East / 7pm BST!! Big thanks to my Flipstarter backers for the tournament funds! If you've received CCK tokens please VOTE FOR ME by sending the tokens to the address below!! https://devpost.com/software/tommygun-s-coin-slot Finally got the coin slot booth in game and fully launched!! Vote for me!! [link] [comments] |
source https://www.reddit.com/r/btc/comments/kywb3e/coinparty_a_virtual_coinslot_for_games_tournament/
Electronics stores that accept BTC?
Looking to get some new stuff for PC with the BTC I have left in my Wallet. Any online stores like Best Buy or Micro Center accept crypto?
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source https://www.reddit.com/r/btc/comments/kyw6w7/electronics_stores_that_accept_btc/
I bought in!
I finally did what I wanted to do today after alot of debating, I know we are at an all time high but could be pittance in years to come. I plan on holding for 5 years. Love to you all
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Saturday, 16 January 2021
How do people use crypto-backed loans to avoid capital gains tax?
I've seen quite a few people recently talking about using something like BlockFi to borrow USD against their BTC, instead of selling and paying CGT. How does this work?
Say I want to buy a new car for $40,000. I have some BTC I bought years ago for cheap, but don't want to pay CGT by selling my BTC to pay for the car.
In theory I could borrow $40,000 from BlockFi and put up 1 BTC as collateral, right? Then I use that $40,000 to buy the car.
But I still have to pay back the loan - won't I have to sell 1 BTC on an exchange in order to pay off the $40,000 (+ interest) loan? Thereby incurring CGT on that exchange transaction?
Is there something I'm missing here? I can't see how crypto-backed loans help avoid tax at all
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Crypto is pretty much the only reason I used Reddit anymore, and I'd like to stop using this website. submitted by /u/TheTruthHas...
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submitted by /u/FearlessEggplant3036 [link] [comments] source https://www.reddit.com/r/btc/comments/12gt49l/supposedly_insiders_in_t...
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submitted by /u/KillerHurdz [link] [comments] source https://www.reddit.com/r/btc/comments/a6bm9y/discussing_bitcoin_power_dyn...