No actually btc is not money in the eyes of the US government.. They specifically state that its considered a property and taxed as such.
There is no such thing as US government definition of Bitcoin. The IRS treats it as property FOR TAX PURPOSES. The SEC has already stated that ICOs (regardless if funded with BTC, ETH, or other methods) need to comply with SECURITIES regulations. Both can be true at the same time. Plus there are money laundering regulations, state laws, etc, that may treat Bitcoin and other crypto currencies as a payment methods and/or money in certain contexts. ALL of the above can be true at the same time.
BTW securities laws apply to crowdfunding as well with some exceptions allowing simplified funding process, and no, calling it "crowdfunding" is not enough to be exempt. Among other things, the crowdfunding platform needs to be registered with the SEC, non-US companies can't solicit crowdfunding in the US, and so on.
My thoughts are you don't have a clue about what your talking about and are just trolling.
The fact that you don't know how the US government class BTC speaks volumes so stop trolling and file a tax return you naughty boy
The fact that you don't know how the US government works speaks volumes but please continue trolling, it's immensely entertaining.
Never positioned myself as an expert in US tax law
Gotta say I do like your style. A cross between Cersei Lannister and Arya Stark with her many faces
In the real world your not by chance a management consultant on all things BlockChain
You do realize that you are quoted above attacking another poster for allegedly not knowing something or other about the US government? Fuck all to do with "tax law", just another display of your utter ignorance.
"Management consultant" LOL... wasn't I supposed to be a dentist or something. But I guess you'll claim again that you never "positioned yourself as an expert", just talking out of your ass as usual
Why don't you stick to shilling ION. You have already memorized your lines and you don't need need any facts or logic to do it. When you stray off message you get all flustered.
i caught onto that one too suchmoon. korvas just basically defends against anything said. we can never be partially right or sometimes right only never right. because if we are it breaks the ionomy faith model.
rick james chimes in on it like an authority. truth is ion team is winging things like changing ico to crowdfund after googling law info themselves.
the big picture here is this whole business costs money crap by korvas. the truth is ion core group have paid themselves all the btc money delivered bugger all and now need their next 2 years paycheck so are going again. will they accept ion for dark matter? bet its ether or btc. will they give themselves a dark matter premine? most likely.
honestly they hoped after gravity devs would be lining up so they'd get a constant pay stream. it failed. korvas wont just attempt to even question if they have spent the money smartly or on things other than themselves.
wildshark? he's just an incoherent fool that doesnt even do responses to asked questions that make sense. huey laughs at him behind his back but tolerates him due to his foolish money spends for whale status
Well done only taken you 17 mths to figure out.
Yin & Yang someone needs to counter the rubbish posted here, as I've said countless times this is why I post.
You were both wrong about ION when it was $.20 and your still wrong today at $1.65
Let me tell you about the big Picture
Roadmap is published
The first elements as per roadmap are deployed
The value of ION moves to the next level
if bitcoin never raised you'd be quoting satoshis. if ion never moved sat wise a usd increase isnt ion improving as an investment. holding that satoshi orbtc value as btc is the same. you still fail to grasp this simple fact. bitcoin is improving not ion inthat usd reflection you give. you just try to pass off ion as being the growth factor. your yin and yang bs doesnt float. you could of and probably applied it to paycoin the day i guess yang was tight then hey?
your problemis your failure to refute with anything info wise. your last post still goes on about roadmaps etc. but wait you're acting like you know the visionagain but posts before said you like others inslack dont know it all which is it? you are 100% unable to acknowledge and consider the other side facts.
lets test that theory shall we korvas? we say ionomy isnt transparent. validate it is with how.
And what you fail to grasp is the implications of POS. Imagine in May 2016 you bought 20K ION and hosted a masternode so you spent $5,000. Today if you sold that node it would sell for around $35k.
NOW
Lets assume your argument is correct about the ION rise being all down to the BTC increase....... What about the fact that every day that node has been paying 25 ION a day. In a year that's 9,125 ion at $1.75 which is approx $15k or 4 BTC on top of the 20K which you still own and can sell at anytime. But it's not a year though is it...... it's 17 months so that's even more ION
to busy to look at your other points but if you want I'll answer later Smiley
you werent too busy you just dont want to address that transparency part i asked. yes i would like you to answer that point and because you said you'll do it later ill hold you to it.
please state how ion team is transparent like they say they are.
I was but I'm back now..... I trying to be polite but it's difficult
hence why I'm slow to post
Your lack of a response about the profitability of ION confirms you were trolling when you made comments about profitability. You know what POS is, you know the difference between POW & POS coins/tokens. But as it doesn't fit your agenda you choose to ignore. You then pull paycoin in as a comparison again a total load of shit. As you know a better comparison would be DASH but as DASH is currently $313 as opposed to $.01 XPY is better.
Following up from PWR-GRD announcements last week I know a new road map is currently in development soon to be published. I'm pretty sure no one else on slack is aware of it's content and I'm not privy to any extra info. All I'm doing is expressing an opinion on how this is gonna play out
About transparency this is the bit in the discussion I ask you for a company in crypto that offers a level of transparency your happy with. You can't name one and then accuse Ionomy of hiding something telling everyone not to trust them.
. It's coming up to 3 years now since I stumbled onto the team, in this time they've done nothing for me to doubt their integrity. This don't mean shit to you but to me when pretty much everything can be fabricated it means a lot.
i dont have to name a crypto team im happy with transparency wise because its not something i ever stated. ion team however stated they have high transparency. this is clearly a lie unless it can be backed up. your backup of it is just i know the team. this isnt good enough and doesnt validate transparency claim. can you provide facts how they are transparent.
as per profitability. market depth needs to be taken into consideration, you refuse to do this. i can dump my btc tomorrow and get the price. ion people cant. the depth of the market isnt high so you wont get the value you say. start using satoshi comparison. dash doesnt increase in value unless its sat price goes up! if only btc rises dash isnt getting more valuable its staying constant. you just pick a value you like.
i understand how pos works. do you? you do know inflation requires more people to maintain value right? check the 2 only transparent facts validated bounty addresses see how they've almost doubled in holdings in the millions? now what happens if the market depth stays the same and 1 dumps... overnight your usd figure turns to shit.
now i responded to yours state the transparency of ion team in fact not you know them. ill help you 2 bounty addresses published. thats all so far. maybe you can link something that validates their spending of the btc?
Suchmoon's Book of ION DarkMatter
