jaredtn
Joined 7 years ago
Karma
367
Submissions
86
Member since
Jan 24
Recent submissions
Comment · 5 years ago
Today, with our archaic system. That's why we need digital currencies.
Comment · 5 years ago
The parent comment was about enabling micropayments, not the proper price for a song. Forest for the trees...
Comment · 5 years ago
This is how literally every financial asset works.
If you want to make a customer cash-flow argument, Ethereum has $9B of ARR. Same story.
Comment · 5 years ago
That data looks at January 1979 to present. I believe ever includes the rest of the 20th century as well...
There was certainly a negative return over 20-year periods including the Great Depression.
And negative real returns during the 1970s stagflation.
Comment · 5 years ago
Graphics on this need some serious work. Can't tell the difference between a bishop and a pawn. Would love to play it otherwise.
Comment · 5 years ago
Here is a site that makes it easy to download the GIF: https://www.deviantart.com/minecraftrulz2017/art/Nyan-Cat-HD.... Please let me know when the crash is expected, now that your condition has been met :)
Comment · 5 years ago
It's considered the same as an in-kind transfer for stocks from one broker to another.
Again, the understanding of "property" is evolving in this environment, and there are areas of regulatory uncertainty (such as synthetic assets from staking collateral in money markets). However, transferring from one wallet to another is pretty safe territory.
Comment · 5 years ago
For the first question, it depends if you bought the fifty cars for $100 each, or if your basis is less than that. Cost basis is key here. And no to the second question.
The IRS has designed crypto as a property, so you are subject to paying capital gains (or claiming capital losses) whenever you sell, convert, pay or earn. Converting one crypto to another (or to USD) is a taxable event, while transferring BTC in one wallet to another wallet is not (since you keep the same property). Further details at https://www.coinbase.com/bitcoin-taxes#paytaxes.
If you sell a car for more than you bought it for, you do owe taxes on that. https://www.carvana.com/research/2020/03/what-to-know-about-....
Comment · 5 years ago
Not true. Converting from BTC to ETH is a taxable event, for example.
Comment · 5 years ago
Quite excited to read this. Murphy does a great job of explaining concepts from first principles.
Comment · 5 years ago
Agree that today, Ethereum transaction fees are terrible. But I'm quite optimistic for the future. First we have Layer-2 rollups: https://ethereum.org/en/developers/docs/layer-2-scaling/. Even setting sharding and rollups aside, Eth2 and PoS rather than PoW should give a significant boost to transaction throughput. I don't see bitcoin competing in that domain, it's taken on the role of "digital gold" rather than "world computer".
Comment · 5 years ago
Ethereum is a much better place to build apps and tokens. The ERC-20 standard has been game-changing. Currently 19 tokens at $100M+ market caps, with more to come.
Comment · 5 years ago
If your coin can be sued by the SEC, then it's probably not decentralized.
Comment · 5 years ago
Steph Curry is 6'3", in the 98th percentile for height. Wouldn't quite call him short. And there are only ~2,800 7-footers in the world, many of which are in the NBA. So tall players - meaning over 7 feet - are extremely rare.
Comment · 5 years ago
Thanks, fixed!