Topic: [ANN] | DUSK Network | Privacy-oriented blockchain for Digital Securities! - page 62. (Read 145674 times)
December 01, 2018, 08:04:24 AM
How is the token sale going? Is there any information about how much is raised til now?
December 01, 2018, 07:51:59 AM
[INTERVIEW] Crypto Beadle x Emanuele
Another exciting video and this time its not only technical, but also includes a little bit more background and insight into the life of Emanuele, our Tech Lead. Enjoy!
Another exciting video and this time its not only technical, but also includes a little bit more background and insight into the life of Emanuele, our Tech Lead. Enjoy!
Hey thanks for the video sharing, your team are constantly active on the bitcointalk and feeding the community with the news from the project. The contents are very explanatory also.
December 01, 2018, 05:51:56 AM
The idea with crypto however would be to use it directly to pay without passing to fiat. If you go back in fiat you cannot expect to just fill your account with undeclared cash.
yep, that's the problem crypto was created to solve. the idea that you have to declare your income is anti-freedom.
Unfortunately we're years/decades away from that. Even when people say you can now pay taxes in some states/one state, but that doesn't mean they accept crypto, they accept fiat and offer a payment function in crypto
I didnt know some states are offering payment of tax in crypto. OK, they still collect it in fiat but thats a huge step forward. Which states are we talking about here?
It's been all over the crypto news lately. Ohio will be the first state, that accepts Bitcoin for tax payments. But I think it's only for businesses, not individuals.
December 01, 2018, 05:20:09 AM
Yes, but from utility tokens people mostly dont pay taxes as there is no laws about them. But SEC want to charge taxes from security tokens as I undestand. But if this will be fully legal projects with dividends may be this is not bad
Yes they already specified they are going to compliant with the laws on this matters and they even got somebody helping them doing so. Few pages ago there was a discussion about kyc which is strictly related with it.
There is no doubt profit from tokens, like all the other coins will need to be declared if you make some profit out of them.
December 01, 2018, 04:12:32 AM
The idea with crypto however would be to use it directly to pay without passing to fiat. If you go back in fiat you cannot expect to just fill your account with undeclared cash.
yep, that's the problem crypto was created to solve. the idea that you have to declare your income is anti-freedom.
Unfortunately we're years/decades away from that. Even when people say you can now pay taxes in some states/one state, but that doesn't mean they accept crypto, they accept fiat and offer a payment function in crypto
not sure if it's gonna take decades, but I feel you. the promise of crypto is great, but it will also take time
I guess we will see more adoption in 2019 when a lot of mainnets will have distributed apps on them.
It's all about adoption, no more no less.. just look at the internet.
December 01, 2018, 04:03:19 AM
The idea with crypto however would be to use it directly to pay without passing to fiat. If you go back in fiat you cannot expect to just fill your account with undeclared cash.
yep, that's the problem crypto was created to solve. the idea that you have to declare your income is anti-freedom.
Unfortunately we're years/decades away from that. Even when people say you can now pay taxes in some states/one state, but that doesn't mean they accept crypto, they accept fiat and offer a payment function in crypto
not sure if it's gonna take decades, but I feel you. the promise of crypto is great, but it will also take time
December 01, 2018, 03:54:54 AM
The idea with crypto however would be to use it directly to pay without passing to fiat. If you go back in fiat you cannot expect to just fill your account with undeclared cash.
yep, that's the problem crypto was created to solve. the idea that you have to declare your income is anti-freedom.
Unfortunately we're years/decades away from that. Even when people say you can now pay taxes in some states/one state, but that doesn't mean they accept crypto, they accept fiat and offer a payment function in crypto
I didnt know some states are offering payment of tax in crypto. OK, they still collect it in fiat but thats a huge step forward. Which states are we talking about here?
December 01, 2018, 03:14:18 AM
[INTERVIEW] Crypto Beadle x Emanuele
Another exciting video and this time its not only technical, but also includes a little bit more background and insight into the life of Emanuele, our Tech Lead. Enjoy!
Another exciting video and this time its not only technical, but also includes a little bit more background and insight into the life of Emanuele, our Tech Lead. Enjoy!
For some reason I can't click on the link, can you post the url?
Here, https://www.youtube.com/watch?v=Ngzx5a5dIC8
but surely you could have copied the url yourself with a left mouse button
December 01, 2018, 02:58:36 AM
Naturally in U.S. and most of other Governments, they require their people to declare income and pay taxes accordingly and omitting other facts in those reports could lead to very heavy consequences no one wants to be with such that tax evasion is a very serious offense that most crypto entities chose to comply with Government regulations to avoid penalties.
Yes, but from utility tokens people mostly dont pay taxes as there is no laws about them. But SEC want to charge taxes from security tokens as I undestand. But if this will be fully legal projects with dividends may be this is not bad
I think you misunderstood lots of things. First of all, SEC doesn't have any jurisdiction about tax at all.
Second, they see every crypto token as a security and even they don't pay any dividends they are mostly seeing them selling a security without permission. So most of the projects leave US citizens out just for this reason.
December 01, 2018, 02:09:09 AM
Naturally in U.S. and most of other Governments, they require their people to declare income and pay taxes accordingly and omitting other facts in those reports could lead to very heavy consequences no one wants to be with such that tax evasion is a very serious offense that most crypto entities chose to comply with Government regulations to avoid penalties.
Yes, but from utility tokens people mostly dont pay taxes as there is no laws about them. But SEC want to charge taxes from security tokens as I undestand. But if this will be fully legal projects with dividends may be this is not bad
November 30, 2018, 07:57:31 PM
[INTERVIEW] Crypto Beadle x Emanuele
Another exciting video and this time its not only technical, but also includes a little bit more background and insight into the life of Emanuele, our Tech Lead. Enjoy!
Another exciting video and this time its not only technical, but also includes a little bit more background and insight into the life of Emanuele, our Tech Lead. Enjoy!
For some reason I can't click on the link, can you post the url?
November 30, 2018, 07:53:04 PM
The idea with crypto however would be to use it directly to pay without passing to fiat. If you go back in fiat you cannot expect to just fill your account with undeclared cash.
yep, that's the problem crypto was created to solve. the idea that you have to declare your income is anti-freedom.
Unfortunately we're years/decades away from that. Even when people say you can now pay taxes in some states/one state, but that doesn't mean they accept crypto, they accept fiat and offer a payment function in crypto
November 30, 2018, 06:36:12 PM
Yes, I would also like to know more about the token creation process and the benefits of choosing DUSK over other blockchain networks.
it certainly won't be a good idea to introduce KYC for token creation. why wouldn't anyone just choose ETH then?
In my opinion it could be a good thing also. We don't need tons of shit tokens. By implementing kyc in token creation process the amount of shit tokens could be reduced by a large.
That would be an interesting step, considering that today among hundreds of tokens in our portfolios, only 1% has real value, or does not require a hurry to leave, for fear of loss. There are, yes, their advantages, but I see more disadvantages, since we lose the power of freedom and the soul of decentralization
Very true. Tokens with no real foundation lost its value very fast especially those designed for pump and dump only. With such implementation, I believe potential scammers will be lessened or at least they will think twice of creating a crap one. Or they might find a way to submit fake docs. One way or another, there is a good benefit of having such procedure.
November 30, 2018, 06:28:09 PM
Naturally in U.S. and most of other Governments, they require their people to declare income and pay taxes accordingly and omitting other facts in those reports could lead to very heavy consequences no one wants to be with such that tax evasion is a very serious offense that most crypto entities chose to comply with Government regulations to avoid penalties.
Very serious indeed. After abandoning the gold standard money is backed by military force. To deny a country their rightful share to your gains is to wage war against it.
November 30, 2018, 05:44:44 PM
Yes, I would also like to know more about the token creation process and the benefits of choosing DUSK over other blockchain networks.
it certainly won't be a good idea to introduce KYC for token creation. why wouldn't anyone just choose ETH then?
In my opinion it could be a good thing also. We don't need tons of shit tokens. By implementing kyc in token creation process the amount of shit tokens could be reduced by a large.
That would be an interesting step, considering that today among hundreds of tokens in our portfolios, only 1% has real value, or does not require a hurry to leave, for fear of loss. There are, yes, their advantages, but I see more disadvantages, since we lose the power of freedom and the soul of decentralization
November 30, 2018, 04:56:38 PM
If I don't exchange crypto to fiat but I trade only crypto to crypto how can they tax if I didn't touch fiat currencies at all ? And how can they if I trade with privacy currencies ?
The way they look at it in the US is by replacing the word crypto with anything you would sell at eBay or a yard sale. Technically if you make a gain selling an antique radio, a baseball card, a Picasso or a Bitcoin, you have to report it to the IRS. If you purchased it more than a year ago you have to pay a maximum of 28% tax on the capital you gained. If you sell it within the same year as you purchased it, it is considered the same as income and you pay up to 39.6% tax.
So every trader will must to pay tax % for trading or purchasing security tokens? But in this way DUCk cant be anonymous coin?
Naturally in U.S. and most of other Governments, they require their people to declare income and pay taxes accordingly and omitting other facts in those reports could lead to very heavy consequences no one wants to be with such that tax evasion is a very serious offense that most crypto entities chose to comply with Government regulations to avoid penalties.
November 30, 2018, 04:44:11 PM
[INTERVIEW] Crypto Beadle x Emanuele
Another exciting video and this time its not only technical, but also includes a little bit more background and insight into the life of Emanuele, our Tech Lead. Enjoy!
Another exciting video and this time its not only technical, but also includes a little bit more background and insight into the life of Emanuele, our Tech Lead. Enjoy!
Wow, that was a fun one to watch and where can i find that nerd jazz?
. I have been told that air traffic control employers are often good in trading. Have you tried it Emanuele? November 30, 2018, 04:04:34 PM
If I don't exchange crypto to fiat but I trade only crypto to crypto how can they tax if I didn't touch fiat currencies at all ? And how can they if I trade with privacy currencies ?
The way they look at it in the US is by replacing the word crypto with anything you would sell at eBay or a yard sale. Technically if you make a gain selling an antique radio, a baseball card, a Picasso or a Bitcoin, you have to report it to the IRS. If you purchased it more than a year ago you have to pay a maximum of 28% tax on the capital you gained. If you sell it within the same year as you purchased it, it is considered the same as income and you pay up to 39.6% tax.
So every trader will must to pay tax % for trading or purchasing security tokens? But in this way DUCk cant be anonymous coin?
November 30, 2018, 03:36:52 PM
If I don't exchange crypto to fiat but I trade only crypto to crypto how can they tax if I didn't touch fiat currencies at all ? And how can they if I trade with privacy currencies ?
The way they look at it in the US is by replacing the word crypto with anything you would sell at eBay or a yard sale. Technically if you make a gain selling an antique radio, a baseball card, a Picasso or a Bitcoin, you have to report it to the IRS. If you purchased it more than a year ago you have to pay a maximum of 28% tax on the capital you gained. If you sell it within the same year as you purchased it, it is considered the same as income and you pay up to 39.6% tax.
November 30, 2018, 03:27:56 PM
The idea with crypto however would be to use it directly to pay without passing to fiat. If you go back in fiat you cannot expect to just fill your account with undeclared cash.
yep, that's the problem crypto was created to solve. the idea that you have to declare your income is anti-freedom.
Hehe, I would declare my income, but neither the tax office nor the crypto-tax consultants that I had interviewed had the same opinion.
A huge mess, not to mention the way how to note each trade at different exchanges and wallets, airdrops, minting, losses through scams and so on.
Nobody, really nobody could give me a secure answer how to do all this stuff.
If I don't exchange crypto to fiat but I trade only crypto to crypto how can they tax if I didn't touch fiat currencies at all ? And how can they if I trade with privacy currencies ?
I am not an expert at all and I guess a lot of countries still don't know how exactly they can tax crypto trade. But I guess when you trade crypto for crypto both what you get and what you paying for it have a certain fiat value at the time of the trade. And then you have to pay taxes on the profit.
Jump to: