Capital gains clarification please
Content: So I understand the basics on capital gains except for how the one year investment time works. Is it for each taxable year or is it from the time of each investment?
So for example I've invested 5k starting in Aug. of a calendar year. I've made of total of 10k by next Jan. Let's say I DCAd, making monthly installments. Is the capital gains date calculated per year as a lump sum? So even though I started in Aug. it still counts for the whole year of 2021. OR is it per DCA investment? Hopefully I'm making the question clear, thanks for any help.
submitted by /u/Totally_lost80 to r/BitcoinBeginners
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Content: So I understand the basics on capital gains except for how the one year investment time works. Is it for each taxable year or is it from the time of each investment?
So for example I've invested 5k starting in Aug. of a calendar year. I've made of total of 10k by next Jan. Let's say I DCAd, making monthly installments. Is the capital gains date calculated per year as a lump sum? So even though I started in Aug. it still counts for the whole year of 2021. OR is it per DCA investment? Hopefully I'm making the question clear, thanks for any help.
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Hacked and locked out!
Content: I am locked out of my account and support is not very helpful. I received a text yesterday that my password had been changed. I then started receiving verification texts with codes and at least 20 phone calls with an automated response requesting the codes. I have screenshots of the calls, texts, and transcribed voicemails. I locked the account bc it was clearly fraudulent activity. Support gave me case number and sent me a message today telling me to log in and follow prompts. I CANT LOG IN! I am locked out of my account and my credentials have been changed.
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Content: I am locked out of my account and support is not very helpful. I received a text yesterday that my password had been changed. I then started receiving verification texts with codes and at least 20 phone calls with an automated response requesting the codes. I have screenshots of the calls, texts, and transcribed voicemails. I locked the account bc it was clearly fraudulent activity. Support gave me case number and sent me a message today telling me to log in and follow prompts. I CANT LOG IN! I am locked out of my account and my credentials have been changed.
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Bitcoin Cash Has Been Climbing Toward Resistance And Looks Ready To Breakout | Benzinga
Content: submitted by /u/georgengelmann to r/Bitcoincash
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6 reasons this Bitcoin bull run is going to be way bigger than anybody expects
Content: 1) Risk averse investors like Ray Dalio, Paul Tudor Jones, big commercial banks like JPMorgan and Wells Fargo are getting into Bitcoin and starting to see it as one of the best SoV asset.
2) Lightning Network is growing and getting adopted rapidly. It's the main reason for El Salvador legal tender adoption which is coming in the first week of September. Twitter will have Lightning integration soon. Square is building DeFi on Bitcoin. JP Sears launched a social network on Lightning. African startup Bitnob started using Lightning to provide cheap remittance services.
3) Countries like India and many other Asian countries are getting into Bitcoin in a major way. India is the second most populous country in the world and the second biggest market for gold. But the younger generation in India is turning to Bitcoin instead of gold. Crypto investments in India have gone up 700% in the last year.
4) Taproot upgrade is an important evolution for Bitcoin to improve privacy and scalability. It's coming in November. This upgrade will let Bitcoin have scriptless smart contract integrations via layer 2 protocols.
5) Infrastructure bill controversy had a Streisand effect for Bitcoin. Many politicians are publicly showing support for cryptocurrency and it has caused a spike in interest overall both in the US and abroad.
6) Last but not least, trust in fiat currency is at an all time low. 10% annual inflation is considered to be hyperinflation. The largest economy in the world USA is currently at 6% annual inflation. Other countries holding dollar reserves will be affected even worse.
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Content: 1) Risk averse investors like Ray Dalio, Paul Tudor Jones, big commercial banks like JPMorgan and Wells Fargo are getting into Bitcoin and starting to see it as one of the best SoV asset.
2) Lightning Network is growing and getting adopted rapidly. It's the main reason for El Salvador legal tender adoption which is coming in the first week of September. Twitter will have Lightning integration soon. Square is building DeFi on Bitcoin. JP Sears launched a social network on Lightning. African startup Bitnob started using Lightning to provide cheap remittance services.
3) Countries like India and many other Asian countries are getting into Bitcoin in a major way. India is the second most populous country in the world and the second biggest market for gold. But the younger generation in India is turning to Bitcoin instead of gold. Crypto investments in India have gone up 700% in the last year.
4) Taproot upgrade is an important evolution for Bitcoin to improve privacy and scalability. It's coming in November. This upgrade will let Bitcoin have scriptless smart contract integrations via layer 2 protocols.
5) Infrastructure bill controversy had a Streisand effect for Bitcoin. Many politicians are publicly showing support for cryptocurrency and it has caused a spike in interest overall both in the US and abroad.
6) Last but not least, trust in fiat currency is at an all time low. 10% annual inflation is considered to be hyperinflation. The largest economy in the world USA is currently at 6% annual inflation. Other countries holding dollar reserves will be affected even worse.
submitted by /u/BtcAnonymouse to r/CryptoCurrency
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We are looking for volunteers willing to spend 5-10 minutes to fill in a survey about Haveno's design
Content: Hi everyone,
This week we'll be sketching out solutions for the Haveno UI. To ensure we're building an intuitive product with a pleasant user experience, we're gathering some input from the community. If you have 5-10 minutes to spare to fill in this survey, you'd be of great help to us!
Find the survey here -> https://shrl.ink/NYKN
Thanks a lot!
submitted by /u/HavenoDEX to r/Monero
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Url: https://www.reddit.com/r/Monero/comments/p9yy83/we_are_looking_for_volunteers_willing_to_spend/
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Content: Hi everyone,
This week we'll be sketching out solutions for the Haveno UI. To ensure we're building an intuitive product with a pleasant user experience, we're gathering some input from the community. If you have 5-10 minutes to spare to fill in this survey, you'd be of great help to us!
Find the survey here -> https://shrl.ink/NYKN
Thanks a lot!
submitted by /u/HavenoDEX to r/Monero
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Url: https://www.reddit.com/r/Monero/comments/p9yy83/we_are_looking_for_volunteers_willing_to_spend/
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We are looking for volunteers willing to spend 5-10 minutes to fill in a survey about Haveno's design Content: Hi everyone, This week we'll be sketching out solutions for the Haveno UI. To ensure we're building an intuitive product with a pleasant user experience…
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What percentage of your retirement accounts is allocated for Bitcoin?
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Algorand - a deep dive
Content: I'll preface this by saying ALGO, like all blockchain projects, is not perfect (e.g. it has less-than-optimal tokenomics) but that I'm going to focus on its merits.
Solving the Blockchain Trilemma
Algorand is a blockchain network (i.e. like ETH, ADA, SOL) and a solution to the "blockchain trilemma" - the ability of a network to be simultaneously scalable, secure and decentralised. ALGO's transactions per second (TPS) is 1k, with a 4s finality. Transactions cost 0.001 ALGO and the network already offers L1 smart contracts. However, the network will be upgraded in Q3-Q4 2021 to 45k/s TPS and 2.5s finality, ranking it toward the top for speed and scalability (Source). ALGO is currently experiencing ~1m transactions per day, placing it close to ETH in usage.
Main Conclusion: ALGO is, along with other projects, building and pioneering 'Blockchain 3.0'.
Academic Rigor
Algorand was founded by the Turing-award-winning, MIT professor Silvio Micali - and is backed by an excellent team with solid peer-reviewed academic prowess and publication record (Source 1) (Source 2). Silvio Micali conceived of and pioneered zero-knowledge proofs (among many other concepts) - a key and integral part of many cryptocurrencies. ALGO's respectable and trustworthy team boosts ALGO's chances of mass adoption, especially in the financial/institutional sectors - which appears to be ALGO's key target demographic.
Main Conclusion: ALGO's reliability, technology and ability to form partnerships is bolstered by the prestige and talent of its team.
Pure Proof-of-Stake
Algorand uses pure proof-of-stake (PPoS) as a consensus mechanism, which employs algorithmic randomness to achieve decentralisation + security. PPoS differs from regular, delegated PoS (dPoS) in a number of ways, including:
* No pooled validators (i.e. holders do not pledge their coins to a minority of super-validators). Theoretically, this minimises the drive toward centralisation that dPoS suffers from.
* ALGO node running is permissionless (i.e. anybody with >1 ALGO can run a node, be a validator and participate in consensus).
* PPoS is extremely lightweight (an ALGO node can be run on a low energy, $50 Raspberry Pi 4 - no expensive hardware or upfront cost is required).
A key feature of PPoS is the use of a randomised, weighted lottery that selects validators - known as VRF. This prevents any malicious actor(s) from attacking the network since the identities of the currently selected validators (who must be corrupted in order to carry out an attack) are not known until the block is already finalised. At 1-4k validators, PPoS is paradoxically superior to dPoS in terms of decentralisation - even if the latter had 50,000+ nodes. This is because validators under the dPoS system are long-lived and known. By contrast, ALGO's random selections vary on both a round and subround basis - that is, block proposers, voters, vote certifiers all vary, across all steps of creating a block - making it incredibly secure and decentralised.
Main Conclusion: ALGO is fast, scalable, secure while remaining decentralised.
Staking Rewards & Governance
ALGO currently offers liquid and seamless staking with an APY of ~5.75% - you simply hold ALGO in a non-custodial wallet and there is no lock-up period. On Oct 1st 2021, governance is launching and this will gradually replace staking. In exchange for voting on proposals, you will be rewarded with 7.5-33% APY (depending on the number of participants). For the initial 3 months, this APY will be in addition to the passive 5.75%, meaning you could theoretically earn up to ~38.75% APY. Governance will not only [...]
Content: I'll preface this by saying ALGO, like all blockchain projects, is not perfect (e.g. it has less-than-optimal tokenomics) but that I'm going to focus on its merits.
Solving the Blockchain Trilemma
Algorand is a blockchain network (i.e. like ETH, ADA, SOL) and a solution to the "blockchain trilemma" - the ability of a network to be simultaneously scalable, secure and decentralised. ALGO's transactions per second (TPS) is 1k, with a 4s finality. Transactions cost 0.001 ALGO and the network already offers L1 smart contracts. However, the network will be upgraded in Q3-Q4 2021 to 45k/s TPS and 2.5s finality, ranking it toward the top for speed and scalability (Source). ALGO is currently experiencing ~1m transactions per day, placing it close to ETH in usage.
Main Conclusion: ALGO is, along with other projects, building and pioneering 'Blockchain 3.0'.
Academic Rigor
Algorand was founded by the Turing-award-winning, MIT professor Silvio Micali - and is backed by an excellent team with solid peer-reviewed academic prowess and publication record (Source 1) (Source 2). Silvio Micali conceived of and pioneered zero-knowledge proofs (among many other concepts) - a key and integral part of many cryptocurrencies. ALGO's respectable and trustworthy team boosts ALGO's chances of mass adoption, especially in the financial/institutional sectors - which appears to be ALGO's key target demographic.
Main Conclusion: ALGO's reliability, technology and ability to form partnerships is bolstered by the prestige and talent of its team.
Pure Proof-of-Stake
Algorand uses pure proof-of-stake (PPoS) as a consensus mechanism, which employs algorithmic randomness to achieve decentralisation + security. PPoS differs from regular, delegated PoS (dPoS) in a number of ways, including:
* No pooled validators (i.e. holders do not pledge their coins to a minority of super-validators). Theoretically, this minimises the drive toward centralisation that dPoS suffers from.
* ALGO node running is permissionless (i.e. anybody with >1 ALGO can run a node, be a validator and participate in consensus).
* PPoS is extremely lightweight (an ALGO node can be run on a low energy, $50 Raspberry Pi 4 - no expensive hardware or upfront cost is required).
A key feature of PPoS is the use of a randomised, weighted lottery that selects validators - known as VRF. This prevents any malicious actor(s) from attacking the network since the identities of the currently selected validators (who must be corrupted in order to carry out an attack) are not known until the block is already finalised. At 1-4k validators, PPoS is paradoxically superior to dPoS in terms of decentralisation - even if the latter had 50,000+ nodes. This is because validators under the dPoS system are long-lived and known. By contrast, ALGO's random selections vary on both a round and subround basis - that is, block proposers, voters, vote certifiers all vary, across all steps of creating a block - making it incredibly secure and decentralised.
Main Conclusion: ALGO is fast, scalable, secure while remaining decentralised.
Staking Rewards & Governance
ALGO currently offers liquid and seamless staking with an APY of ~5.75% - you simply hold ALGO in a non-custodial wallet and there is no lock-up period. On Oct 1st 2021, governance is launching and this will gradually replace staking. In exchange for voting on proposals, you will be rewarded with 7.5-33% APY (depending on the number of participants). For the initial 3 months, this APY will be in addition to the passive 5.75%, meaning you could theoretically earn up to ~38.75% APY. Governance will not only [...]
What percentage of your retirement accounts is allocated for Bitcoin?
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Atomic Swaps Between BTC And Monero Now Live On Mainnet - Cryptocurrency News
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Smart contracts explained
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