Wow. The IRS pulled V-bucks, Roblox, and even Ether as examples of virtual currencies from their FAQ page (see Ally’s thread). Even so, definition of virtual currency in IRS guidance would still encompass these. I don’t think they realized the consequences of their 1040 question. https://t.co/IZSThy9oqY
Here's a thing that make me go 🤔. Short thread:
Tens of millions of American taxpayers will have to answer Question 1 on the 2019 1040 form: "At any time during 2019, did you receive, sell, send, exchange or otherwise acquire any financial interest in any virtual currency?"
BREAKING: Fed Chairman Jerome Powell just came out in favor of private transactions for digital currencies.
He specifically said "A ledger where you know everybody's payments is not something that would be particularly attractive in the context of the US."
Game on 🙏🏽
Most people think BTC is going to pump from a Zimbabwe esque hyperinflation.
But the opposite is going to happen
We're on the precipice of a deflationary crisis....and this is why BTC will pump
Defense company BAE Systems is hiring a “Cryptocurrency Exploiter” near DC. 🤔
Looking for Bitcoin, ECDSA, Schnorr experience. Mandatory polygraph, security clearance.
Stay vigilant, Bitcoiners. https://t.co/IyDWzmAEGC
Ep 134 of @TFTC21 is live now! @JackMallers is back in the studio with me and @matt_odell to discuss:
- Lessons learned along the way
- LN tradeoffs
- Exchanged + LN
- much more
Peep it. Live it. Subscribe. Engage.
Read: JP Morgan doesn't want to maintain the Quorum codebase anymore, is debating handing off the branding IP for otherwise valueless GPL3 copyleft code to ConsenSys for a fee, and it "remains unclear" whether any staff will also move.
What's a "virtual currency"? The IRS helpfully defines the term on its website. It also gives some examples: "Bitcoin, Ether, Roblox, and V-bucks are a few examples of a convertible virtual currency."
Venezuela is not the “crypto” use case you have been told:
- Nobody gives a shit about censorship resistant money
- People want to eat, they want dollars
- BTC SoV for a select few
- MoE is a myth pushed with incentives (Dash, BShit)
Ignore shitcoin propaganda in Venezuela
My team asked me to get a picture while writing the first two chapters of "Mastering Lightning", which are now finished drafts.
I forgot to take a picture, so I had to recreate the event from memory and historical archives... https://t.co/KwzNjU7ZHj