Minexcoin Info:
Hashrate: 95.92 MSol/s MSol/s Difficulty: 4.3116959883424
MinexBank Rates:
Daily: 0.34% Weekly: 2.3% Monthly: 13.1% Yearly: 70%
Price of MNX: $24,28
Topic: Minexcoin - A new era of payments - page 379. (Read 646965 times)
Some statistics.
Old Stats
minexbank.com was on the top 92.745 place in the world.
the first place among users was China - 39.9%
in second place the US --- 18.2%
On the third place Great Britain - 6.9%
Today's statistics
minexbank.com at the moment is on the top 89,166 place in the world.
in the first place among users at the moment China - 54.2%
in second place the US --- 9.2%
On the third place Great Britain - 9.0%
Data are taken from the site https://www.alexa.com/siteinfo/minexbank.com
can this guy show statistic about miners (hashpower) per countries or regions
I think that 50+% of global hash power comes from Serbia in this moment
in last 3 months only my hashpower was 1-3% of global network ....Im just a litle ant in crypto world
one of the strongest mining community and mining farms in EU are from Serbia
one request for minex team... about minex debit cards .... dont overdo and forget Serbia in the list of supported countries
I dont talk about minexpool I do not know any of my people on that pool we are all attached to suprnova ...that's a very large percentage on
minexpool
The reasons? why so many people in Serbia are miners ?
The state was destroyed by domestic traitors something like that situation in Ukraine.
People are barely surviving
Guys who were always concerned about hardware and software they entered the story at the very beginning
and then helped their fellows, and so it spread...like a epidemic...
Monthly earnings are desperate here about 250-300eur max for a hard work....
And those who in the political party are the only ones who can get a more normal job that is paid no more than 350-400eur
For a couple of years, mining has become a full-time job for a large number of people here and my opinion is that this is the only normal way here
to earn money for a normal life without being a member of any political party and to be involved in any dirty actions of bribery and corruption
I like Minex ...The idea is very good. The project itself is unique in its own way
there are some things I do not like, but okay...
I am trying to explain to the people the system how it works
for each one I have described the project in detail, he decided to invest money in it
I sincerely hope the team will do the job they set for 2018
If most things make a successful I think there is no doubt that this will be next big thing in a crypto world
the trading activity in the market is very quiet, whether all traders prefer to parking their coin in minexbank
minex prices are very stable maybe this is what makes investors interested because it has a low level of liquidity
minex prices are very stable maybe this is what makes investors interested because it has a low level of liquidity
The taxes come into play in America in a couple of the circumstances from my understanding:
1: when you sell coins at a dollar profit either for fiat or another crypto
2: when you receive coins as interest/dividends/airdrops
3: when you spend coins that you did profit on(similar to selling them)
So as far as minexcoin goes for Americans, from a tax standpoint, it already kind of sucks in that regard
The debit cards would be a nice touch guys, don't get me wrong, but after tenx and monaco got the boot after trying for a long time, it is harder to imagine the task being that simple for Minexcoin was my point. So I just hear everyone talk about the debit cards, and I just think if they didn't happen, it should be considered a minor setback for Minexcoin. But as far as I know, they are coming out with a mobile wallet, and if that has bar code scan ability, then that should ultimately replace Credit and Debit cards in the future, and might as well jump on that bandwagon ASAP as it will become more and more applicable as time goes on, and if making and receiving payments is simple as downloading mobile wallet, it helps create adoption over time anyway., I would be happy to accept Minexcoins as payment at my business!
Lastly, I don't know how easy it is to get fiat currency at a decentralized exchange, it is almost ironic to think that could happen I suppose. But what would not be as ironic, is a second coin on the Minexcoin platform that does coincide with fiat currency, that could be available at a different online location for fiat and also on the decentralized exchange. Similar to AEUR(supposedly holds value with 1:1 with the Euro) for the Ardor platform, although I don't believe they have any Fiat exchange system in place. Nor do I understand how to keep a crypto currency stable with a fiat currency in any truly legitimate way, but Nubits and Tether seem to do a pretty decent job so far, with minor instability here and there.
Either way, Fuck it Minexcoin to the Moon!!!
What kind of business do you have? You can accept MNX there even now if it is travel or food business for example. And you will have first shop shop witch accepts MNX like a payment currency.1: when you sell coins at a dollar profit either for fiat or another crypto
2: when you receive coins as interest/dividends/airdrops
3: when you spend coins that you did profit on(similar to selling them)
So as far as minexcoin goes for Americans, from a tax standpoint, it already kind of sucks in that regard
The debit cards would be a nice touch guys, don't get me wrong, but after tenx and monaco got the boot after trying for a long time, it is harder to imagine the task being that simple for Minexcoin was my point. So I just hear everyone talk about the debit cards, and I just think if they didn't happen, it should be considered a minor setback for Minexcoin. But as far as I know, they are coming out with a mobile wallet, and if that has bar code scan ability, then that should ultimately replace Credit and Debit cards in the future, and might as well jump on that bandwagon ASAP as it will become more and more applicable as time goes on, and if making and receiving payments is simple as downloading mobile wallet, it helps create adoption over time anyway., I would be happy to accept Minexcoins as payment at my business!
Lastly, I don't know how easy it is to get fiat currency at a decentralized exchange, it is almost ironic to think that could happen I suppose. But what would not be as ironic, is a second coin on the Minexcoin platform that does coincide with fiat currency, that could be available at a different online location for fiat and also on the decentralized exchange. Similar to AEUR(supposedly holds value with 1:1 with the Euro) for the Ardor platform, although I don't believe they have any Fiat exchange system in place. Nor do I understand how to keep a crypto currency stable with a fiat currency in any truly legitimate way, but Nubits and Tether seem to do a pretty decent job so far, with minor instability here and there.
Either way, Fuck it Minexcoin to the Moon!!!
boat rentals
We accept crypto currency payments, never had anyone try to pay in MNX unfortunately, but would certainly accept it!
You can accept payments in MNX now or you can wait till relise of MinexMerchant. I think it will be like Ebay but much bigger, because you can't buy for example airplane ticket or rent a boat in Ebay.
We added MinexCoin to the Cheddur app (https://www.cheddur.com)! This will allow new users to learn about MinexCoin and join the community. Cheddur allows you to link wallets, exchanges, and other services that support MNX so that new users can easily get started. You can also review the project and post your MNX addresses on your profile to receive tips/payments/donations in MNX from other users
Can others from the community please review the profile for quality and help add supported services? The more active the MinexCoin profile is (via user reviews and addresses), the higher it ranks in search results and the more likely newcomers are to discover the MinexCoin project!
Google Play Store: https://play.google.com/store/apps/details?id=com.cheddur
iTunes: https://itunes.apple.com/us/app/cheddur/id1269377156?mt=8
Screenshots:
https://i.imgur.com/NQxnE6o.png
https://i.imgur.com/FNOWbZI.png
https://i.imgur.com/4nPZmL2.png
Good news.Can others from the community please review the profile for quality and help add supported services? The more active the MinexCoin profile is (via user reviews and addresses), the higher it ranks in search results and the more likely newcomers are to discover the MinexCoin project!
Google Play Store: https://play.google.com/store/apps/details?id=com.cheddur
iTunes: https://itunes.apple.com/us/app/cheddur/id1269377156?mt=8
Screenshots:
https://i.imgur.com/NQxnE6o.png
https://i.imgur.com/FNOWbZI.png
https://i.imgur.com/4nPZmL2.png
I did not know this application, but it looks like a useful tool for investors.
I will install it immediately.
Minexcoin Info:
Hashrate: 92.71 MSol/s Difficulty: 4.3116959883424
MinexBank Rates:
Daily: 0.34% Weekly: 2.3% Monthly: 13.1% Yearly: 70%
Price of MNX: $23.56
Hashrate: 92.71 MSol/s Difficulty: 4.3116959883424
MinexBank Rates:
Daily: 0.34% Weekly: 2.3% Monthly: 13.1% Yearly: 70%
Price of MNX: $23.56
i don't agree with you. If you convert crypto to fiat, you'll get taxed. If you spend MNX with debit card, you might not be taxed https://goo.gl/XfM2ad
Payment cards will exist many many years and will continue to be wide accepted payment method in real world.
Payment cards will exist many many years and will continue to be wide accepted payment method in real world.
the general rules is pay the tax in both the way you mentioned
We added MinexCoin to the Cheddur app (https://www.cheddur.com)! This will allow new users to learn about MinexCoin and join the community. Cheddur allows you to link wallets, exchanges, and other services that support MNX so that new users can easily get started. You can also review the project and post your MNX addresses on your profile to receive tips/payments/donations in MNX from other users
Can others from the community please review the profile for quality and help add supported services? The more active the MinexCoin profile is (via user reviews and addresses), the higher it ranks in search results and the more likely newcomers are to discover the MinexCoin project!
Google Play Store: https://play.google.com/store/apps/details?id=com.cheddur
iTunes: https://itunes.apple.com/us/app/cheddur/id1269377156?mt=8
Screenshots:
https://i.imgur.com/NQxnE6o.png
https://i.imgur.com/FNOWbZI.png
https://i.imgur.com/4nPZmL2.png
Good news.Can others from the community please review the profile for quality and help add supported services? The more active the MinexCoin profile is (via user reviews and addresses), the higher it ranks in search results and the more likely newcomers are to discover the MinexCoin project!
Google Play Store: https://play.google.com/store/apps/details?id=com.cheddur
iTunes: https://itunes.apple.com/us/app/cheddur/id1269377156?mt=8
Screenshots:
https://i.imgur.com/NQxnE6o.png
https://i.imgur.com/FNOWbZI.png
https://i.imgur.com/4nPZmL2.png
I did not know this application, but it looks like a useful tool for investors.
I will install it immediately.
We added MinexCoin to the Cheddur app (https://www.cheddur.com)! This will allow new users to learn about MinexCoin and join the community. Cheddur allows you to link wallets, exchanges, and other services that support MNX so that new users can easily get started. You can also review the project and post your MNX addresses on your profile to receive tips/payments/donations in MNX from other users
Can others from the community please review the profile for quality and help add supported services? The more active the MinexCoin profile is (via user reviews and addresses), the higher it ranks in search results and the more likely newcomers are to discover the MinexCoin project!
Google Play Store: https://play.google.com/store/apps/details?id=com.cheddur
iTunes: https://itunes.apple.com/us/app/cheddur/id1269377156?mt=8
Can others from the community please review the profile for quality and help add supported services? The more active the MinexCoin profile is (via user reviews and addresses), the higher it ranks in search results and the more likely newcomers are to discover the MinexCoin project!
Google Play Store: https://play.google.com/store/apps/details?id=com.cheddur
iTunes: https://itunes.apple.com/us/app/cheddur/id1269377156?mt=8
Great app! Haven't heard about this before. Maybe this can help my friends new in cryptocurrency world specially with Minexcoin.
Apple debut, Atomic announce, Algo upgrade, upgraded Roadmap
and other great stuff Minexcoin team completed in February.
Check this out in our February Monthly MNX Report:
https://medium.com/minecoin-blog/mnx-february-report-promising-start-ce952674354e
Thanks for the great update this end of february. Waiting for your Atomic Swap announcement. and other great stuff Minexcoin team completed in February.
Check this out in our February Monthly MNX Report:
https://medium.com/minecoin-blog/mnx-february-report-promising-start-ce952674354e
We added MinexCoin to the Cheddur app (https://www.cheddur.com)! This will allow new users to learn about MinexCoin and join the community. Cheddur allows you to link wallets, exchanges, and other services that support MNX so that new users can easily get started. You can also review the project and post your MNX addresses on your profile to receive tips/payments/donations in MNX from other users
Can others from the community please review the profile for quality and help add supported services? The more active the MinexCoin profile is (via user reviews and addresses), the higher it ranks in search results and the more likely newcomers are to discover the MinexCoin project!
Google Play Store: https://play.google.com/store/apps/details?id=com.cheddur
iTunes: https://itunes.apple.com/us/app/cheddur/id1269377156?mt=8
Can others from the community please review the profile for quality and help add supported services? The more active the MinexCoin profile is (via user reviews and addresses), the higher it ranks in search results and the more likely newcomers are to discover the MinexCoin project!
Google Play Store: https://play.google.com/store/apps/details?id=com.cheddur
iTunes: https://itunes.apple.com/us/app/cheddur/id1269377156?mt=8
Thank you
That's great news!Could you please change screenshots for smaller ones though?
Apple debut, Atomic announce, Algo upgrade, upgraded Roadmap
and other great stuff Minexcoin team completed in February.
Check this out in our February Monthly MNX Report:
https://medium.com/minecoin-blog/mnx-february-report-promising-start-ce952674354e
and other great stuff Minexcoin team completed in February.
Check this out in our February Monthly MNX Report:
https://medium.com/minecoin-blog/mnx-february-report-promising-start-ce952674354e
What is the confirmation length of minexcoin?
Hello toyo87!
If you mean within the network, it is 6 confirmations. Exchanges require more: Livecoin 30 confirmations and Coinexchange - 20.
What is the confirmation length of minexcoin?
Not FUD, but I would be hesitant to trust that the debit cards on the horizon. Nothing against Minexcoin or the team of devs and their motivation, more to do with Visa, Mastercard and other processing companies. I know everyone seems to think that other companies can circumvent using visa or mastercard, but I am not so optimistic as it would be a liability of a company associated with Visa or Mastercard to allow business to be done with a crypto which would go against the wishes/policies of Visa and Mastercard, who any way you slice it will be needed to have a card that is accepted at most points of sale around the world.
Truth of the matter is debit cards and credit cards are a technology on the way out anyway. Minexcoin team would be better spending their time on the mobile wallet and creating a simple means of payment from the phones themselves such as they do in China(barcode scan), as this is the future of payments IMO. The debit card would work great right now(if it was allowed by the providers), but 5 years down the road, I have a feeling we will be paying for more things with our phones in more and more countries. Not too mention who wants to pay Visa and Mastercard their percentage to spend our Minexcoins? Better off adopting the new technology(and the debit cards if possible, I just wouldn't get my hopes up) as soon as possible, more use cases for Minexcoin would only further adoption.
Truth of the matter is debit cards and credit cards are a technology on the way out anyway. Minexcoin team would be better spending their time on the mobile wallet and creating a simple means of payment from the phones themselves such as they do in China(barcode scan), as this is the future of payments IMO. The debit card would work great right now(if it was allowed by the providers), but 5 years down the road, I have a feeling we will be paying for more things with our phones in more and more countries. Not too mention who wants to pay Visa and Mastercard their percentage to spend our Minexcoins? Better off adopting the new technology(and the debit cards if possible, I just wouldn't get my hopes up) as soon as possible, more use cases for Minexcoin would only further adoption.
yes correct, credit and debit card are the past, but i think they'll survive for some years yet, so for someone could be useful have them
if Paypass were put in the place the lifetime of card may be prolonged. I continue to believe that debit card is a good start for MNX. We must have the option to use ATM to cash out.
Minexcoin Info:
Hashrate: 102.93 MSol/s Difficulty: 4.3116959883424
MinexBank Rates:
Daily: 0.34% Weekly: 2.3% Monthly: 13.1% Yearly: 70%
Price of MNX: $23.84
Hashrate: 102.93 MSol/s Difficulty: 4.3116959883424
MinexBank Rates:
Daily: 0.34% Weekly: 2.3% Monthly: 13.1% Yearly: 70%
Price of MNX: $23.84
The taxes come into play in America in a couple of the circumstances from my understanding:
1: when you sell coins at a dollar profit either for fiat or another crypto
2: when you receive coins as interest/dividends/airdrops
3: when you spend coins that you did profit on(similar to selling them)
So as far as minexcoin goes for Americans, from a tax standpoint, it already kind of sucks in that regard
The debit cards would be a nice touch guys, don't get me wrong, but after tenx and monaco got the boot after trying for a long time, it is harder to imagine the task being that simple for Minexcoin was my point. So I just hear everyone talk about the debit cards, and I just think if they didn't happen, it should be considered a minor setback for Minexcoin. But as far as I know, they are coming out with a mobile wallet, and if that has bar code scan ability, then that should ultimately replace Credit and Debit cards in the future, and might as well jump on that bandwagon ASAP as it will become more and more applicable as time goes on, and if making and receiving payments is simple as downloading mobile wallet, it helps create adoption over time anyway., I would be happy to accept Minexcoins as payment at my business!
Lastly, I don't know how easy it is to get fiat currency at a decentralized exchange, it is almost ironic to think that could happen I suppose. But what would not be as ironic, is a second coin on the Minexcoin platform that does coincide with fiat currency, that could be available at a different online location for fiat and also on the decentralized exchange. Similar to AEUR(supposedly holds value with 1:1 with the Euro) for the Ardor platform, although I don't believe they have any Fiat exchange system in place. Nor do I understand how to keep a crypto currency stable with a fiat currency in any truly legitimate way, but Nubits and Tether seem to do a pretty decent job so far, with minor instability here and there.
Either way, Fuck it Minexcoin to the Moon!!!
What kind of business do you have? You can accept MNX there even now if it is travel or food business for example. And you will have first shop shop witch accepts MNX like a payment currency.1: when you sell coins at a dollar profit either for fiat or another crypto
2: when you receive coins as interest/dividends/airdrops
3: when you spend coins that you did profit on(similar to selling them)
So as far as minexcoin goes for Americans, from a tax standpoint, it already kind of sucks in that regard
The debit cards would be a nice touch guys, don't get me wrong, but after tenx and monaco got the boot after trying for a long time, it is harder to imagine the task being that simple for Minexcoin was my point. So I just hear everyone talk about the debit cards, and I just think if they didn't happen, it should be considered a minor setback for Minexcoin. But as far as I know, they are coming out with a mobile wallet, and if that has bar code scan ability, then that should ultimately replace Credit and Debit cards in the future, and might as well jump on that bandwagon ASAP as it will become more and more applicable as time goes on, and if making and receiving payments is simple as downloading mobile wallet, it helps create adoption over time anyway., I would be happy to accept Minexcoins as payment at my business!
Lastly, I don't know how easy it is to get fiat currency at a decentralized exchange, it is almost ironic to think that could happen I suppose. But what would not be as ironic, is a second coin on the Minexcoin platform that does coincide with fiat currency, that could be available at a different online location for fiat and also on the decentralized exchange. Similar to AEUR(supposedly holds value with 1:1 with the Euro) for the Ardor platform, although I don't believe they have any Fiat exchange system in place. Nor do I understand how to keep a crypto currency stable with a fiat currency in any truly legitimate way, but Nubits and Tether seem to do a pretty decent job so far, with minor instability here and there.
Either way, Fuck it Minexcoin to the Moon!!!
boat rentals
We accept crypto currency payments, never had anyone try to pay in MNX unfortunately, but would certainly accept it!
You can accept payments in MNX now or you can wait till relise of MinexMerchant. I think it will be like Ebay but much bigger, because you can't buy for example airplane ticket or rent a boat in Ebay. The taxes come into play in America in a couple of the circumstances from my understanding:
1: when you sell coins at a dollar profit either for fiat or another crypto
2: when you receive coins as interest/dividends/airdrops
3: when you spend coins that you did profit on(similar to selling them)
So as far as minexcoin goes for Americans, from a tax standpoint, it already kind of sucks in that regard
The debit cards would be a nice touch guys, don't get me wrong, but after tenx and monaco got the boot after trying for a long time, it is harder to imagine the task being that simple for Minexcoin was my point. So I just hear everyone talk about the debit cards, and I just think if they didn't happen, it should be considered a minor setback for Minexcoin. But as far as I know, they are coming out with a mobile wallet, and if that has bar code scan ability, then that should ultimately replace Credit and Debit cards in the future, and might as well jump on that bandwagon ASAP as it will become more and more applicable as time goes on, and if making and receiving payments is simple as downloading mobile wallet, it helps create adoption over time anyway., I would be happy to accept Minexcoins as payment at my business!
Lastly, I don't know how easy it is to get fiat currency at a decentralized exchange, it is almost ironic to think that could happen I suppose. But what would not be as ironic, is a second coin on the Minexcoin platform that does coincide with fiat currency, that could be available at a different online location for fiat and also on the decentralized exchange. Similar to AEUR(supposedly holds value with 1:1 with the Euro) for the Ardor platform, although I don't believe they have any Fiat exchange system in place. Nor do I understand how to keep a crypto currency stable with a fiat currency in any truly legitimate way, but Nubits and Tether seem to do a pretty decent job so far, with minor instability here and there.
Either way, Fuck it Minexcoin to the Moon!!!
What kind of business do you have? You can accept MNX there even now if it is travel or food business for example. And you will have first shop shop witch accepts MNX like a payment currency.1: when you sell coins at a dollar profit either for fiat or another crypto
2: when you receive coins as interest/dividends/airdrops
3: when you spend coins that you did profit on(similar to selling them)
So as far as minexcoin goes for Americans, from a tax standpoint, it already kind of sucks in that regard
The debit cards would be a nice touch guys, don't get me wrong, but after tenx and monaco got the boot after trying for a long time, it is harder to imagine the task being that simple for Minexcoin was my point. So I just hear everyone talk about the debit cards, and I just think if they didn't happen, it should be considered a minor setback for Minexcoin. But as far as I know, they are coming out with a mobile wallet, and if that has bar code scan ability, then that should ultimately replace Credit and Debit cards in the future, and might as well jump on that bandwagon ASAP as it will become more and more applicable as time goes on, and if making and receiving payments is simple as downloading mobile wallet, it helps create adoption over time anyway., I would be happy to accept Minexcoins as payment at my business!
Lastly, I don't know how easy it is to get fiat currency at a decentralized exchange, it is almost ironic to think that could happen I suppose. But what would not be as ironic, is a second coin on the Minexcoin platform that does coincide with fiat currency, that could be available at a different online location for fiat and also on the decentralized exchange. Similar to AEUR(supposedly holds value with 1:1 with the Euro) for the Ardor platform, although I don't believe they have any Fiat exchange system in place. Nor do I understand how to keep a crypto currency stable with a fiat currency in any truly legitimate way, but Nubits and Tether seem to do a pretty decent job so far, with minor instability here and there.
Either way, Fuck it Minexcoin to the Moon!!!
boat rentals
We accept crypto currency payments, never had anyone try to pay in MNX unfortunately, but would certainly accept it!
The taxes come into play in America in a couple of the circumstances from my understanding:
1: when you sell coins at a dollar profit either for fiat or another crypto
2: when you receive coins as interest/dividends/airdrops
3: when you spend coins that you did profit on(similar to selling them)
So as far as minexcoin goes for Americans, from a tax standpoint, it already kind of sucks in that regard
The debit cards would be a nice touch guys, don't get me wrong, but after tenx and monaco got the boot after trying for a long time, it is harder to imagine the task being that simple for Minexcoin was my point. So I just hear everyone talk about the debit cards, and I just think if they didn't happen, it should be considered a minor setback for Minexcoin. But as far as I know, they are coming out with a mobile wallet, and if that has bar code scan ability, then that should ultimately replace Credit and Debit cards in the future, and might as well jump on that bandwagon ASAP as it will become more and more applicable as time goes on, and if making and receiving payments is simple as downloading mobile wallet, it helps create adoption over time anyway., I would be happy to accept Minexcoins as payment at my business!
Lastly, I don't know how easy it is to get fiat currency at a decentralized exchange, it is almost ironic to think that could happen I suppose. But what would not be as ironic, is a second coin on the Minexcoin platform that does coincide with fiat currency, that could be available at a different online location for fiat and also on the decentralized exchange. Similar to AEUR(supposedly holds value with 1:1 with the Euro) for the Ardor platform, although I don't believe they have any Fiat exchange system in place. Nor do I understand how to keep a crypto currency stable with a fiat currency in any truly legitimate way, but Nubits and Tether seem to do a pretty decent job so far, with minor instability here and there.
Either way, Fuck it Minexcoin to the Moon!!!
What kind of business do you have? You can accept MNX there even now if it is travel or food business for example. And you will have first shop shop witch accepts MNX like a payment currency. 1: when you sell coins at a dollar profit either for fiat or another crypto
2: when you receive coins as interest/dividends/airdrops
3: when you spend coins that you did profit on(similar to selling them)
So as far as minexcoin goes for Americans, from a tax standpoint, it already kind of sucks in that regard
The debit cards would be a nice touch guys, don't get me wrong, but after tenx and monaco got the boot after trying for a long time, it is harder to imagine the task being that simple for Minexcoin was my point. So I just hear everyone talk about the debit cards, and I just think if they didn't happen, it should be considered a minor setback for Minexcoin. But as far as I know, they are coming out with a mobile wallet, and if that has bar code scan ability, then that should ultimately replace Credit and Debit cards in the future, and might as well jump on that bandwagon ASAP as it will become more and more applicable as time goes on, and if making and receiving payments is simple as downloading mobile wallet, it helps create adoption over time anyway., I would be happy to accept Minexcoins as payment at my business!
Lastly, I don't know how easy it is to get fiat currency at a decentralized exchange, it is almost ironic to think that could happen I suppose. But what would not be as ironic, is a second coin on the Minexcoin platform that does coincide with fiat currency, that could be available at a different online location for fiat and also on the decentralized exchange. Similar to AEUR(supposedly holds value with 1:1 with the Euro) for the Ardor platform, although I don't believe they have any Fiat exchange system in place. Nor do I understand how to keep a crypto currency stable with a fiat currency in any truly legitimate way, but Nubits and Tether seem to do a pretty decent job so far, with minor instability here and there.
Either way, Fuck it Minexcoin to the Moon!!!
The taxes come into play in America in a couple of the circumstances from my understanding:
1: when you sell coins at a dollar profit either for fiat or another crypto
2: when you receive coins as interest/dividends/airdrops
3: when you spend coins that you did profit on(similar to selling them)
So as far as minexcoin goes for Americans, from a tax standpoint, it already kind of sucks in that regard
The debit cards would be a nice touch guys, don't get me wrong, but after tenx and monaco got the boot after trying for a long time, it is harder to imagine the task being that simple for Minexcoin was my point. So I just hear everyone talk about the debit cards, and I just think if they didn't happen, it should be considered a minor setback for Minexcoin. But as far as I know, they are coming out with a mobile wallet, and if that has bar code scan ability, then that should ultimately replace Credit and Debit cards in the future, and might as well jump on that bandwagon ASAP as it will become more and more applicable as time goes on, and if making and receiving payments is simple as downloading mobile wallet, it helps create adoption over time anyway., I would be happy to accept Minexcoins as payment at my business!
Lastly, I don't know how easy it is to get fiat currency at a decentralized exchange, it is almost ironic to think that could happen I suppose. But what would not be as ironic, is a second coin on the Minexcoin platform that does coincide with fiat currency, that could be available at a different online location for fiat and also on the decentralized exchange. Similar to AEUR(supposedly holds value with 1:1 with the Euro) for the Ardor platform, although I don't believe they have any Fiat exchange system in place. Nor do I understand how to keep a crypto currency stable with a fiat currency in any truly legitimate way, but Nubits and Tether seem to do a pretty decent job so far, with minor instability here and there.
Either way, Fuck it Minexcoin to the Moon!!!
1: when you sell coins at a dollar profit either for fiat or another crypto
2: when you receive coins as interest/dividends/airdrops
3: when you spend coins that you did profit on(similar to selling them)
So as far as minexcoin goes for Americans, from a tax standpoint, it already kind of sucks in that regard
The debit cards would be a nice touch guys, don't get me wrong, but after tenx and monaco got the boot after trying for a long time, it is harder to imagine the task being that simple for Minexcoin was my point. So I just hear everyone talk about the debit cards, and I just think if they didn't happen, it should be considered a minor setback for Minexcoin. But as far as I know, they are coming out with a mobile wallet, and if that has bar code scan ability, then that should ultimately replace Credit and Debit cards in the future, and might as well jump on that bandwagon ASAP as it will become more and more applicable as time goes on, and if making and receiving payments is simple as downloading mobile wallet, it helps create adoption over time anyway., I would be happy to accept Minexcoins as payment at my business!
Lastly, I don't know how easy it is to get fiat currency at a decentralized exchange, it is almost ironic to think that could happen I suppose. But what would not be as ironic, is a second coin on the Minexcoin platform that does coincide with fiat currency, that could be available at a different online location for fiat and also on the decentralized exchange. Similar to AEUR(supposedly holds value with 1:1 with the Euro) for the Ardor platform, although I don't believe they have any Fiat exchange system in place. Nor do I understand how to keep a crypto currency stable with a fiat currency in any truly legitimate way, but Nubits and Tether seem to do a pretty decent job so far, with minor instability here and there.
Either way, Fuck it Minexcoin to the Moon!!!
I guess that depends on where you live. I pay taxes on my crypto assets whatever their value is on January 1st. So cashing into fiat does not make me pay more taxes than I already do.
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