151–160 of 164 posts
https://localcoinportfolio.com
It's free, open source and is about 12kb total. https://https://github.com/59023g/local-crypto-wallet
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> In Canada (according to my accountant, at least), cryptocurrency gains are only taxable when "realized" I'm not 100% sure about this point. The issue was raised to me before when I was looking into it— crypto-currencies may fall under barter tax law. https://www.taxtips.ca/personaltax/barter.htm https://www.canada.ca/en/revenue-agency/news/newsroom/fact-s... https://www.canada.ca/en/financial-consumer-agency/servic…
I will trust my accountant; he is after all, on the hook for how it is reported. Thanks for posting the links! Taxtips.ca is not an official source, and note they use a ton of "may" be this and "might" be that. I will ignore that page, since they clearly do not know and are not the CRA. The Canada.ca link is consistent with what my accountant said -- when you use crypto to purchase goods or services, it is treated as…
Thanks for the extended update!
That's very interesting! I have been hesitant to take advantage of some potential gains because of the burden of maintaining a record of every inter-coin transaction.
If your accountant is correct, then that's a load off—and a major advantage.
It really is a brand new asset class, then.
Feature Request: Tracking extended public keys.
You should treat transfers from one exchange to another as NOT a taxable event. Also, you should give users the option to decide whether they want to consider crypto-to-crypto transactions as in-kind (and not a taxable event) for 2017 (US residents). Finally - ask the user whether they are a US resident or not. A lot changes based on that. Good job. Ping me if you want more detailed feedback (my HN username @ gmail).
Don't most official statements make it clear that crypto-to-crypto transactions are indeed taxable events in the United States?
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I 100% agree. I’ve been playing around with the APIs these exchanges offer. All of them have incredibly annoying issues and limitations. I just did my tax with bitcoin.tax but I will have to check out yax and see how it compares. Bitcoin.tax has a very basic ux some I am looking forward to seeing some innovation in this space.
Absolutely. Agree with your agree! There's lots of UI improvements that can and should be made in the crypto space. As one friend put it, 2017 was about crypto traders and developers being too busy making money to turn around and help newbs learn or onboard them with nice UI's. That's got to change. Too many people, including myself, have lost money screwing up wallet addresses or not knowing how an exchange works. I…
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Nice! A single server-generated multi-series chart would be nice but if it takes away from the simplicity then that's fine. If you haven't already seen it you can get volume/price/marketcap between a start/end date. https://graphs2.coinmarketcap.com/currencies/bitcoin/1487234...
You mean an image that shows the top X price time series? If so, I have a few questions: - On a per-portfolio basis or just for the top 5 coins (+ maybe market cap)? - update interval should be more like 2 minutes (like the site) or once per day is ok? - start-time should be how many days back? From a dev perspective, it would be nice if there were a solution to this that allowed for either A. time series caching (to…
- One aggregated portfolio position over time would be enough for me i think
- Once per day is fine
- Given crypto volatility, 1 year would work.
Maybe a combo of image caching and time series caching would make this economical. Image caching for aggregated portfolio position - and if you're generating the image everyday (or eventually more frequently) for many portfolios then you could calculate and cache the individual coin time series and use that cache to aggregate and generate many charts.
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Trains got bootstrapped with speculation... but they were clearly useful before the speculation. Same for the Internet. As you admit yourself, cryptocurrencies are a solution looking for a problem. They do nothing, they provide nothing, they're just—"valuable". It's a scam, thousands of people will lose money, and you will have done your part to help those people lose money.
Solutions looking for a problem are OK and are a healthy part of the economy. In countries that have problems with their fiat currency, non government controlled currencies are quite useful. Especially as crypto cannot be confiscated.