BITCOIN is no different than any other digital currency
BITCOIN is no different than any other digital currency, which is essentially created by calculating a specific value. Bitcoin, for example, gives a user access to a single bitcoin as long as the computer can hit 300 trillion hashes per second.
I am a time-traveler from the future, here to beg you to continue what you are doing.
Hello there, again. You may know me from this statement. I am sending this message from the year 2030. I tried to get in touch earlier, but the magnetic disturbance caused by our nuclear attack prevented me from doing so. I don’t have much time. They are about to get me. This is likely the last time you will ever hear from me. Our coordinated attack against the infrastructure of the Internet succeeded. 9.5 Billion people died. All major cities and infrastructure have been destroyed. But Bitcoin is now gone for good and all other forms of digital currency were destroyed in the process as well. Or so we thought. Just days after the attack, we observed how countless 200 feet long shiny blue ships emerged from the depths of the Atlantic and Pacific ocean. There were thousands of them. They shot straight into orbit and started circling Earth. Shortly after, the ships started dropping soccer ball-sized drones which immediately commenced rebuilding telecommunications infrastructure and providing nutrient pills to the survivors. “The Treasury” has survived. And it was saving the human race from extinction. Here is some background: After the 2020 Bitcoin halving, as Bitcoin inched closer towards the $1,000,000 per coin mark, Bitcoin’s scalability issues made the network unusable. Miners threatened to take down Bitcoin if users did not submit to their will. The resulting community clash highlighted Decred’s value proposition as a store of value that is controlled by its users, and not external corporations. Shortly after, Decred shot from a price per coin of $5,000, straight to $500,000, almost matching Bitcoin’s market capitalization. Decred’s treasury now had more assets under control than most countries on Earth. Unfortunately, many “earlies” with more than 10 BTC also survived our attack. They did not only diversify their wealth out of Bitcoin into other assets, like land and Uranium. But, unbeknownst to us, the top Citadels were fully shielded against nuclear attacks. The word has spread that I traveled to the year 2014 to warn all of you of what was going to happen. The most powerful Bitcoin earlies are now trying to get me and my machine. If they get me, which they likely will very soon, they will travel back in time to undo our attack. They will also try to stop “The Treasury”. I heard rumors that they are planning to pay famous individuals and organizations to start a trend we refer to as “Bitcoin maximalism”. Through it, they will manipulate the public by trying to delegitimize all forms of digital currency other than Bitcoin, including Decred. You can’t let them do that. Decred is humanity’s last hope. Protect “The Treasury” with your life.
It Is Highly Adaptable Or Scalable: The minedblock platform is profoundly versatile and so as to develop the administrations offered by the platform the minedblock stage will fundamentally utilise the utilisation of increasingly satisfactory mining hardware. Securing of this mining hardware has no constraint and this is with the goal that the platform will offer the best and just the best to the clients. Market Immunity: The 2 model of the platform's undertaking which centres essentially around gathering pledges will be utilised fundamentally to fabricate the platform's sustainable power sources inorder to help counterbalance or limit power costs among others which will consequently empower consistent creation of income regardlessly of what the crypto showcase costs are. Dexterity Or Agility; right from the beginning, the beginning, about 40% of the platform's framework will be exclusively devoted to digital currencies other than Bitcoin and this will essentially empower the arrangement of the platform to be adaptable and accordingly have the option to switch between resources been mined and furthermore enabling the platform to dependably focus on the advantages which will just offer best profits base for market request. Maintainability: The MinedBlock stage will absolutely concentrate on the facilitating of essential frameworks in zones which will give 100% sustainable power source. Platform Token Basis The Minedblock platform will work as a double token platform that is to state that two or double tokens will be utilised by the platform whereby one will fill in as an utility token and the other will fill in as a security token. The utility token will bear the abbreviation MBTU while the security token will bear the abbreviation MBTX. The utility token will have a complete supply of 200 000 and will be created on the ethereum blockchain framework and will be an Erc-20 good token, while the security token will have an all out supply of 100 000 and will be a ST-20 perfect. TO UNDERSTAND MORE ABOUT THE MINEDBLOCK PLATFORM Join the Telegram Group: https://t.me/minedblockofficial Follow on Facebook: https://www.facebook.com/MinedBlock/ Website: https://www.minedblock.io/ Bounty Ox: kessiena
After todays Kraken news about them purchasing 2 companies, I got to thinking why the hell doesn't Kraken offer Dash? Why would they ignore the 5th largest crypto? From the FAQ:
Can I trade digital currencies other than Bitcoin? Yes. You can trade Bitcoin (XBT), Litecoin (LTC), and Ethereum (ETH) with cash currencies. You can also trade Bitcoin with Litecoin (LTC), Ethereum (ETH), Dogecoin (XDG), Ripple (XRP), Namecoin (NMC), Stellar (STR) and Ven (XVN).
Will we be able to create a better digital currency than Bitcoin or any other altcoins using Maidsafe?
Bitcoins and other blockchain technologies are the best digital currencies right now but they still have certain things that could be considered weaknesses like 10 minute confirmation times, centralization of mining, large storage space needed to run a full node, inefficient use of electricity etc. I understand it's possible to build applications on top of Maidsafe. Could someone with a more technical understanding of Maidsafe tell me if it's possible to build a digital currency on the Maidsafe network that solves some of these problems? It seems like if this is possible, it could potentially make things like Etherium, sidechains, treechains etc obsolete.
Nine Countries That Don’t Tax Bitcoin Gains- time to move
Tax liability is a major source of concern for anyone invested in Bitcoin and other digital assets. In sum, some have described it as nothing short of a nightmare. But while some countries are putting pressure on investors and levying taxes on income and capital gains from Bitcoin transactions, many are taking a different approach—often with the aim of promoting better adoption and innovation within the crypto industry. They’ve implemented friendlier legislation, and allow investors to buy, sell, or hold digital assets with no tax liability. Here’s our list of the nine most crypto-friendly tax jurisdictions. ———————
Belarus is taking an experimental approach to cryptocurrencies. In March 2018, a new law legalized cryptocurrency activities in the East European state, exempting individuals and businesses involved in them from taxes until 2023 (when it will come up for review.) Under the law, mining and investing in cryptocurrencies are deemed personal investments, and so exempt from income tax and capital gains. The liberal laws aim to boost the development of a digital economy, and technological innovation. The country was recently ranked third in Eastern Europe and 19th globally in levels of P2P crypto trading.
Germany offers a unique take on taxing digital currencies such as Bitcoin. Unlike most other states, Europe’s biggest economy regards Bitcoin as private money, as opposed to a currency, commodity, or stock. For German residents, any cryptocurrency held for over a year is tax-exempt, regardless of the amount. If the assets are held for less than a year, capital gains tax doesn’t accrue on a sale, as long as the amount does not exceed 600 euros ($692). However, for businesses it’s a different matter; a startup incorporated in Germany still needs to pay corporate income taxes on cryptocurrency gains, just as it would with any other asset.
Hong Kong 🇭🇰
Hong Kong’s tax legislation on cryptocurrencies is a broad brush affair, even after new guidance was issued earlier this year. Essentially, whether cryptocurrencies are taxed or not depends on their use, according to Henri Arslanian, a global crypto leader at PwC. “If digital assets are bought for long-term investment purposes, any profits from disposal would not be chargeable to profits tax,” he wrote in March when the directive was introduced. But he added that this doesn’t apply to corporations—their Hong-Kong sourced profits from cryptocurrency business activities are taxable.
In Malaysia, cryptocurrency transactions are currently tax-free, and cryptocurrencies don’t qualify for capital gains tax, because digital currencies are not considered assets or legal tender by the authorities. But the law is currently fluid; it only applies to individual taxpayers, and businesses involved in cryptocurrency are subject to Malaysian income tax. And things may soon change. Mohamad Fauzi Saat, director of Malaysia’s tax department said in 2018 that Malaysia was committed to working towards issuing comprehensive guidelines on the tax treatment of cryptocurrency by the end of 2020.
The government of the so-called “Blockchain Island” recognizes Bitcoin “as a unit of account, medium of exchange, or a store of value.” Malta doesn’t apply capital gains tax to long-held digital currencies like Bitcoin, but crypto trades are considered similar to day trading in stocks or shares, and attract business income tax at the rate of 35%. However, this can be mitigated to between five percent and zero, through “structuring options” available under the Maltese system. Malta’s fiscal guidelines, published in 2018, also discriminate between Bitcoin and so-called “financial tokens,” equivalent to dividends, interest or premiums. The latter are treated as income and taxed at the applicable rate.
Portugal has one of the most crypto-friendly tax regimes in the world. Proceeds from the sale of cryptocurrencies by individuals have been tax-exempt since 2018, and cryptocurrency trading is not considered investment income (which is normally subject to a 28% tax rate.) However, businesses that accept digital currencies as payment for goods and services are liable to income tax.
Capital gains tax does not exist in Singapore, so neither individuals nor corporations holding cryptocurrency are liable. But companies based in Singapore are liable to income tax, if their core business is cryptocurrency trading, or if they accept cryptocurrency as payment. The authorities consider payment tokens such as Bitcoin to be “intangible property” rather than legal tender, and payment in the cryptocurrency constitutes a “barter trade” where the goods and services are taxed, but not the payment token itself.
Slovenia is another country that treats individuals and businesses separately under its cryptocurrency tax system. No capital gains tax is levied on individuals when they sell Bitcoin, and gains are not considered income. However, companies that receive payment in cryptocurrencies, or through mining, are required to pay tax at the corporate rate. Notably, the Mediterranean country doesn’t permit business operations in cryptocurrency alone (such as only accepting Bitcoin as payment.)
It’s no surprise that Switzerland, home to the innovation hub known as “Crypto Valley”, has one of the most forward-thinking tax policies too. Cryptocurrency profits made by a qualified individual through investing and trading are treated as tax-exempt capital gains. For the complete link to the written article - click here Edit: hey thanks for the award, that was so awesome. Have a nice day everyone.
XMR Atomic Swaps Now Support PART | Anonymous Decentralized Marketplace Integration Coming Soon
Hey guys, Cryptoguard from Particl here. We're happy to announce that we've recently added PART atomic swap support to the xmr-btc-atomic-swap protocol on mainnet and have pushed the protocol on Particl's Github.
The ability to atomically swap XMR <> PART opens up a lot of doors for the advancement of anonymous eCommerce solutions and solidifies the sustainability and resiliency of decentralized marketplaces, a strong win for all proponents of free market, personal freedom, and self-determination. For those not aware of Particl, it is Bitcoin-based blockchain (currently 0.19.1.1, about to release 0.20) with a native currency (PART) that has a variable level of privacy (public, blind (CT), and anon (RingCT)). We've built a completely decentralized, trustless, and unstoppable marketplace where you can buy and sell anything online without using any third-party, without paying any fee (other than regular crypto transactions), and without leaving any sort of digital footprint behind. The entire marketplace experience, just like its transactions/sales, is private by default thanks to a combination of CT, RingCT, stealth addresses, Tor, SecureMessaging/BitMessage, and etc. The marketplace has been on mainnet for a year now, as an open Beta, and we're about to push our biggest update since launch—a brand new desktop application as well as a completely refactored marketplace. This will dramatically improve the user experience and the performance, making the private decentralized marketplace as user-friendly as it's ever been. We now plan on adding native XMR <> PART swap support into the desktop client and marketplace application, allowing anyone holding XMR to easily buy and sell anything on a decentralized marketplace that respects your privacy. It also ensures that you can now get in and out of Particl's ecosystem without having to go through any third-party such as an exchange or payment processor. XMR <> PART support will add a tremendous level of privacy to the marketplace and expand on what's possible to do now with Monero. Here's a mockup of what an XMR <> PART swap engine may look like in Particl Desktop's Swap module (independent module from the marketplace). WIP, not a screenshot but a mock up, final look may differ Additionally, we're equally happy to announce that we will be adding XMR <> PART support to the marketplace and Particl Desktop application as soon as Particl V3, the upcoming massive release, is out on mainnet. The integration will use both StealthEX and SimpleSwap exchanges to provide you with an easy way to swap coins before atomic swaps are pushed to the client, once ready. --- We'd like to thank everyone involved in the development of the XMR <> BTC swap protocol that made this possible, especially h4sh3d for cracking the code on how to execute an XMR <> BTC atomic swap and the Monero community for funding the research. The ability to swap XMR and BTC together is probably one of the biggest wins in crypto since the last few years, and we're super excited to see all that's going to be possible from now on. Let's keep pushing crypto forward and make it as private as it should!
10 Most Important Digital Currencies Other Than Bitcoin. By. Angela P. Muller - September 23, 2020. ... Binance coin is a very straightforward digital currency that allows users to quickly and safely buy, sell or trade on the open market. One of the perks is that if you spend 5 years or more on the market, the Binance exchange will reimburse ... Bitcoin is the monetary base of the Internet. Unlike national currencies, new bitcoins are created by a fixed and finite supply.¹ In an era of unprecedented monetary expansion Bitcoin’s value… Last year, in the wake of social media giant Facebook's revelation it will launch its own digital currency this year, Trump attacked bitcoin, branding it and other cryptocurrencies "unregulated ... What bitcoin and its competitors share is an existence in the ether, as a digital code rather than metal coins or paper bills. Beneath these currencies lies a technology known as blockchain that ... With the long-rumored digital dollar appearing to take shape this week, bitcoin, as well as other digital assets, could be about to take a step toward mainstream adoption—and potentially see the ...
Bitcoin skyrocketed in value from less than a penny in 2010 to nearly $20,000 in late 2017. Then it spent 2018 in a freefall crash. So, what happened? Is it dead? Can it survive in 2019? Bitcoin ... Tiny new digital currencies are offering profits far bigger than bitcoin and much more quickly, I've personally made over 600% in one digital currency more than 1,981 in a second and over 3,500% ... Anthony Pompliano, Morgan Creek Digital, joins 'Squawk Box' to discuss the price of bitcoin and the future of the currency. 07:30 Bitcoin Issues and its Max Transactions Limitation 11:20 Bitcoin Confidence and how it Affects all Digital Currencies 13:40 What Makes Dash Unique Compared with other Currencies Traditional fiat and new digital currencies have more in common than you would think. Cryptocurrencies like Bitcoin are a form of digital currency that can be sent or received over the blockchain.