101–110 of 247 posts
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Because they live and operate in jurisdictions without extradition treaties.
So they might as well just ask for their ransom via a wire transfer or paypal? Since their identity will be known anyway.
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I guess we need a proper CO2 tax to encourage better technology than proof of work
If you use your brain to think through the initial 3-4 domino effects of a carbon tax, you'll quickly realize that the end result is the little guy paying the actual tax via inflation while the big guy actually enjoys larger profit totals (maintaining profit margin % on newly inflated prices = more profit). The tricky part is actually using your brain to think it through.
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It's not a big deal. It isn't that different than finding a significant amount of oil/precious metals on your land. As soon as you try to extract the value of the resource/crypto, the government will know. If you just sell it, the crypto exchange will report it to the IRS. If you try to trade/buy goods with it directly, any assets you get will create a paper trail that the IRS will eventually discover. Consider the f…
> And if you quit your job prior to selling (i.e had ordinary income Not a tax advisor, but I thought capital gains counts as taxable income? So someone who sells $50k worth of BTC will pay 15% on $10k.
It's taxed, but at a different rate compared to ordinary income.
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It's not a big deal. It isn't that different than finding a significant amount of oil/precious metals on your land. As soon as you try to extract the value of the resource/crypto, the government will know. If you just sell it, the crypto exchange will report it to the IRS. If you try to trade/buy goods with it directly, any assets you get will create a paper trail that the IRS will eventually discover. Consider the f…
> Also, if you made a significant amount of money on any crypto, you probably held it for more then a year at which point to capital gains tax is probably at most only 15% ( Ownership of other assets tends to have legal documents of when it was purchased though. How does anyone know how long you've held it? You could prove it if it's been in the same wallet the whole time, with the transaction ID, and proof of owners…
The blockchain?
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ETH PoS mainnet transition is underway and will be completed early 2022. With this holders of ETH will be able to earn fees from transactions, just by running an application on their standard normal computer. The only encouragement you need to move off of POW is profit motive.
Haven't they been saying POS will be "ready soon" for years? Seems like maybe vaporware used for hype? "The Ethereum proof of stake date has been set for December 1, 2020. While the proof of stake Ethereum date was originally set for January 2020, this deadline was missed." https://www.exodus.com/blog/ethereum-proof-of-stake-date/
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ETH PoS mainnet transition is underway and will be completed early 2022. With this holders of ETH will be able to earn fees from transactions, just by running an application on their standard normal computer. The only encouragement you need to move off of POW is profit motive.
Hasn’t PoS been something “in the works” for ETH for something like 6 years now[1]? I don’t think anything guarantees its delivery in early 2022, it all seems like hopeful speculation until they deliver something. [1] This stackexchange question dates back to 2016, the earliest evidence I could find of ETH proposing PoS. https://ethereum.stackexchange.com/questions/9/why-does-ethe...
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The parent is simply pointing out that all consumption taxes are regressive. A CO2 tax by itself is a tax on the poor, especially the rural poor who have longer commutes and are more dependent on automobile travel. A CO2 tax is only fair if it's paired with progressive tax breaks in other areas and/or subsidies for transition to renewable energy. An example would be a progressive subsidy for electric vehicle purchase…
A CO2 tax and rebate is progressive. The poorest people would receive more back in a rebate than they pay. But the biggest CO2 users would pay way more than they receive back.
The statement replied to does not mention "rebate."
> But the biggest CO2 users would pay way more than they receive back.
This statement does not seem believable given the recent stories about tax avoidance strategies of the wealthy.
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> Also, if you made a significant amount of money on any crypto, you probably held it for more then a year at which point to capital gains tax is probably at most only 15% ( Ownership of other assets tends to have legal documents of when it was purchased though. How does anyone know how long you've held it? You could prove it if it's been in the same wallet the whole time, with the transaction ID, and proof of owners…
>How does anyone know how long you've held it? The blockchain?
Obviously HN community is down on crypto. This exemption is a sign that Bitcoin is getting closer to the mainstream of finance. Like most flanker-moves, Governments should be incorporating it in to their tax policies rather than shunning it. Cannabis is a good proxy, states can keep it illegal and not make tax revenue or they can legalize it, control it and tax it. The feds should do the same. Same for crypto, keepin…
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Venmo's core value right now is that it's ubiquitous. Everyone has a Venmo account and everyone trusts it. I paid an electrician through it yesterday -- no new Fed tech is going to replace it overnight, just like Zelle didn't kill it either.
https://www.forbes.com/sites/ronshevlin/2019/02/11/venmo-ver... (According to company reports, Zelle processed $35 billion in P2P (person-to-person) payments in Q4 2018 versus $19 billion for Venmo. For the full year, Zelle's total was $122 billion, almost double Venmo's $62 billion.) (2019) https://www.zellepay.com/press-releases/zeller-closes-2020-r... (Zelle® Closes 2020 with Record $307 Billion Sent on 1.2 Billio…