Crypto Megathread V16 - Only The Strong Survive

[SSgt Dickweed]

Can't stand Dorsey but he's pretty spot on here.

I actually think since the amendment prevented (?) POW and POS miners from being taxed, it might be beneficial for BTC, ETH and any of their forks because these tokens will get the investments/buys. It's the other tokens running on models like Pure Proof of Stake that would suffer. Maybe this regulation might be good for the time being since there are thousands of crypto's anyway. And when time comes, amendments should allow other methods like PPoS to exist freely.

 

[Rob Battisti]

I actually think since the amendment prevented (?) POW and POS miners from being taxed, it might be beneficial for BTC, ETH and any of their forks because these tokens will get the investments/buys. It's the other tokens running on models like Pure Proof of Stake that would suffer. Maybe this regulation might be good for the time being since there are thousands of crypto's anyway. And when time comes, amendments should allow other methods like PPoS to exist freely.

It’s way too early to implement broad strokes from such an uninformed ignorant body

 

[TeTe]

Hyperbole... So much hyperbole.

Dead cats and such

 

[meauneau]

 

[meauneau]

 

[Rob Battisti]

leave it to shit people to ignorantly try and crush something they don’t understand

 

[TeTe]

 

[SSgt Dickweed]

Crypto exchange Coinbase announced on Thursday that users can now use Apple Pay to purchase crypto assets on its platform, with Google Pay integration to follow.

“Today, we’re introducing new and seamless ways to enable crypto buys with linked debit cards to Apple Pay and Google Pay, and instant cashouts up to $100,000 per transaction available 24/7,” said a Coinbase blog post on Thursday.

“If you already have a Visa or Mastercard debit card linked in your Apple Wallet, Apple Pay will automatically appear as a payment method when you’re buying crypto with Coinbase on an Apple Pay-supported iOS device or Safari web browser,” the Coinbase blog post mentioned.

Coinbase expects to enable Google Pay functionality “later this fall.”

https://cointelegraph.com/news/coinbase-users-can-now-buy-crypto-with-apple-pay

 

[meauneau]

Crypto exchange Coinbase announced on Thursday that users can now use Apple Pay to purchase crypto assets on its platform, with Google Pay integration to follow.

“Today, we’re introducing new and seamless ways to enable crypto buys with linked debit cards to Apple Pay and Google Pay, and instant cashouts up to $100,000 per transaction available 24/7,” said a Coinbase blog post on Thursday.

“If you already have a Visa or Mastercard debit card linked in your Apple Wallet, Apple Pay will automatically appear as a payment method when you’re buying crypto with Coinbase on an Apple Pay-supported iOS device or Safari web browser,” the Coinbase blog post mentioned.

Coinbase expects to enable Google Pay functionality “later this fall.”

https://cointelegraph.com/news/coinbase-users-can-now-buy-crypto-with-apple-pay

Wales preparing to exit

 

[SSgt Dickweed]

Wales preparing to exit

How can you read an article like that and reply with what you typed?

 

[TheNinja]

Wales preparing to exit

If that's true I'm very surprised there isn't more media coverage on this. It seems like a pretty big deal!

 

[meauneau]

If that's true I'm very surprised there isn't more media coverage on this. It seems like a pretty big deal!

Insider info

 

[TeTe]

https://finance.yahoo.com/news/senators-reach-compromise-crypto-tax-155301120.html

The full text of the compromise was not immediately available, but Toomey said it would specify who has tax reporting obligations within the digital asset sector. Software developers, node operators and validators would not be required to carry or report transaction information, but brokers would be.

The text itself would define a broker as “any person who (for consideration) regularly effectuates transfers of digital assets on behalf of another person,” and would exclude entities that validate transactions (meaning miners or stakers) without providing other services, or entities that sell hardware or software that allow customers to control private keys, according to screenshots shared by Coin Center’s Jerry Brito.

 

[Strychnine]

https://finance.yahoo.com/news/senators-reach-compromise-crypto-tax-155301120.html

The full text of the compromise was not immediately available, but Toomey said it would specify who has tax reporting obligations within the digital asset sector. Software developers, node operators and validators would not be required to carry or report transaction information, but brokers would be.

The text itself would define a broker as “any person who (for consideration) regularly effectuates transfers of digital assets on behalf of another person,” and would exclude entities that validate transactions (meaning miners or stakers) without providing other services, or entities that sell hardware or software that allow customers to control private keys, according to screenshots shared by Coin Center’s Jerry Brito.

 

[HeLLMuTT]

If that's true I'm very surprised there isn't more media coverage on this. It seems like a pretty big deal!

We need to ask Darren Till what he thinks of all this...

 

[Rob Battisti]

I wonder what that would mean for a platform like KuCoin. They are trading, but I never sent them fiat and they aren’t KYC

 

[Rygu]

This shit is going up too fast, the blow off top could be rather terrible.

 

[Rob Battisti]

This shit is going up too fast, the blow off top could be rather terrible.

you going to cash out??

 

[Strychnine]

I wonder what that would mean for a platform like KuCoin. They are trading, but I never sent them fiat and they aren’t KYC

Same here.

 

[Rygu]

you going to cash out??

If we hit 50k tomorrow, I'd cash out the rest of my BTC probably. There's no way this is organic or sustainable especially if we hit 50k within the next few days it almost feels like an exit pump.