Crypto 360°

Wednesday, 20 January 2021

Brutal: Ethereum flipped BTC coin in terms of trading volume 🤯

submitted by /u/Egon_1
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source https://www.reddit.com/r/btc/comments/l0vrxk/brutal_ethereum_flipped_btc_coin_in_terms_of/

Using Bitcoin Cash to Solve More Problems: an interview with G. Andrew Stone of Bitcoin Unlimited

submitted by /u/georgedonnelly
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source https://www.reddit.com/r/btc/comments/l0y6kb/using_bitcoin_cash_to_solve_more_problems_an/

The age of cryptodildonics is upon us: Introducing CoinToys.fun and FreeVibe, a BCH powered vibrator!

Hey everyone. I’m Nick! I’m a long time Bitcoin Casher and a first time poster. I’m also one of three members of the CoinToys.fun team participating in the Coinparty Bitcoin Cash hackathon.

We had infrastructure problems on Heroku all day yesterday so we didn’t have enough time to properly cut our project submission video and demonstrate everything we accomplished over the week.

So here is a video that demonstrates our flagship product in action. It’s called FreeVibe! From what we can tell, it is the worlds very first cryptocurrency powered sex toy. We built it with cammers and online sex workers in mind. It gives them the means to do what they do without having to use payment intermediaries who commonly take up to half of the money they earn. Give the video a watch and tell us what you think!

https://www.youtube.com/watch?v=SnYIbwCj5AE

If you want to know more about how it works, check out our project submission video at the link below. Among other things, it gives a walkthrough of how to set a new device, and showcases the companion website, https://cointoys.fun.

https://www.youtube.com/watch?v=v17SblzXHQI

Big shoutout to my team members, Ashley and JetScythe . I asked too much of them and they delivered it anyway. I couldn’t have asked for a better team.

If you like our project and want to vote for us, here's a QR you can scan to send your SLP vote tokens to: https://cointoys.fun/images/slp-address-qr.png

I don’t expect we’ll win the hackathon given the trouble we had with our submission but we want to bring this project to life and get it in people’s hands. If you want to help us do that, send me an email at nick at 2fat dot co .

submitted by /u/2fatdotco
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source https://www.reddit.com/r/btc/comments/l0wlpo/the_age_of_cryptodildonics_is_upon_us_introducing/

I want to clear up one of the largest misconceptions about GBTC. 80% of their newly issued shares are through BTC purchases NOT USD purchases

I see this common misconception a ton and Grayscale doesn't seem to want to clear it up, imo this is intentional. GBTC allows what is called an in kind purchase, where you send them BTC and they issue you the amount of shares at the end of the day.

This is not a taxable event and you can sell it on the market (for a premium in the past) after a 6 month period, you have to be an accredited investor though. In the past when the premium was higher than the taxes the seller would incur, they could hypothetically sell the coins and make money or pay less taxes. This arbitrage is what many people are doing to raise their cost averages.

They don't release the numbers of in kind purchases versus USD purchases, but from the last time they did at the end of 2019 it was 80% in kind versus 20% USD. I believe this ratio is more or less the same or only slightly higher as I have asked them multiple times to release the numbers, but they wont.

So when you see headlines like "GBTC buys 700M worth of bitcoin!", realize only 20% of that is probably USD purchased.

submitted by /u/calaber24p
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