🔵 DeFi Exploding, Tax Issues on Staking Rewards, Bitcoin Cash DAA & 8% IFP? EOS Bullish News, LBRY

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Written by

ColinTalksCrypto

Cryptocurrency Blogger - https://ColinTalksCrypto.com

4 years ago

00:00 Intro

00:38 LBRY, Decentralized Blockchain-based Video Site

03:15 DEFI (Decentralize Finance) 05:00 Taxes on Staking Rewards

12:11 Bitcoin Cash ABC forced 8% IFP and developer issues regarding DAA

21:33 Bullish on EOS -- 5 Reason I Am Super Bullish on EOS Right Now.

32:48 Final Thoughts

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RESOURCES REGARDING: Tax on Staking Rewards

● https://medium.com/proof-of-stake-alliance-posa/proof-of-stake-alliance-posa-supports-call-for-irs-guidance-on-staking-bb8102246d9b

● https://schweikert.house.gov/sites/schweikert.house.gov/files/Final%20Proof%20of%20Stake%20IRS%20Letter%207.29.20.pdf

● What if the value of an airdropped token has value at time of receipt but eventually goes to zero, before you sell it. You still owe taxes on all the moments where you received it when it did have value. This could be frequently, like every single day triggering a tax event. This increases my risk. This also negates my 0% capital gains in Puerto Rico because it’s no longer a capital gain— it’s a “dividend” and taxed at time of receipt instead of taxed at the time of sale. This is more of an issue in a PoS system, because all participants of the system may need to stake in order to keep up with the inflation. Bitcoin miners still have this issue.

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RESOURCES REGARDING: Bitcoin Cash ABC forced IFP and developer issues:

● https://twitter.com/Bitcoin_ABC/status/1291333898761273345

● https://medium.com/bitcoin-abc/bitcoin-abcs-plan-for-the-november-2020-upgrade-65fb84c4348f

● https://read.cash/@ralak/rip-abc-we-thank-you-for-your-contribution-in-past-for-bch-dc4f975c

● https://read.cash/@ColinTalksCrypto/bye-abc-845c2c85
● https://read.cash/@jtoomim/dark-secrets-of-the-grasberg-daa-a9239fb6
● https://read.cash/@sha256_88ebd526/bitcoin-cash-bch-november-2020-upgrade-statement-f7c03159

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RESOURCES REGARDING: Bullish on EOS -- 5 Reason I Am Super Bullish on EOS Right Now.

● Block.one EOS proxy:

● https://twitter.com/ColinTCrypto/status/1288832757037137923?s=20

● https://news.marketcap.one/breaking-block-one-creates-voting-proxy-on-eos-sub2-b1-and-proxies-85-million-eos/

● https://twitter.com/ColinTCrypto/status/1291163643321749506

● https://youtu.be/GKo2Cj129jg

● After Voice social network, block.one's next major product is a FINANCIAL SERVICES PRODUCT that "BENEFITS THE UNDERLYING USERS THEMSELVES".

● Heavy advertising over next 24 months.

● I believe this news further connects the dots between B1's newly discovered Bitcoin mining farm, making BTC transmissible over EOSIO (And hopefully EOS) framework, and that it will give back to token holders.

https://twitter.com/ColinTCrypto/status/1281238996362776576

● “Everything EOS” YouTube channel:
https://www.youtube.com/channel/UCJGfaRx0EzL0u_Wj_nz_CiQ

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Disclaimer: This video is not financial or investment advice. Do not buy, sell or trade cryptocurrency, or make any financial decisions based on the content of this video. I am merely sharing what I have done and what I would do in various situations as an educational tool only.

#bitcoin #btc #eos #ethereum #blockone #lbry #staking #defi #crypto #cryptocurrency #news #blockchain #tokens #coins #price

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