LachiusTZ
Rogue Deathwalker Box
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Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
- Start date
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Tmac
Adventurer
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Mist
REEEEeyore
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The profits will be. Fidelity will send me a 1099 or whatever, and I'll pay my taxes.
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James
Ahn'Qiraj Raider
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You're an idiot who can't admit when they don't understand something, in case it wasn't blatantly obvious by now.
LachiusTZ
Rogue Deathwalker Box
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James
Ahn'Qiraj Raider
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First NFT project that's 100% on chain, I picked up a handful a couple of nights ago and interest has remained pretty strong since it seems like. Garyvee bought some gold furs on like day one for a few thousand dollars, some other NFT bigwigs are buying too. Could be big, there's some historical value there.
LachiusTZ
Rogue Deathwalker Box
- 14,472
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I was thinking too myself, I'm going to buy some acreage to leave my son.
Plant some trees, even some black walnut (take like 60 years to produce harvestable lumber)...
Plant some crops, trap and relocate some wildlife that had been depleted in years prior.
But then I saw this:
And my first thought? It's the same thing!
My son might not have intergenerational wealth, but he will have a shitty 2d monkey ON THE BLOCKCHAIN BABY
Plant some trees, even some black walnut (take like 60 years to produce harvestable lumber)...
Plant some crops, trap and relocate some wildlife that had been depleted in years prior.
But then I saw this:
And my first thought? It's the same thing!
My son might not have intergenerational wealth, but he will have a shitty 2d monkey ON THE BLOCKCHAIN BABY
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Mist
REEEEeyore
- 31,202
- 23,388
You've given zero indication you even know how taxes work.
Spoiler: You only pay taxes on your profits. If you take losses, you can use those to offset other income.
Mist
REEEEeyore
- 31,202
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I actually just held it overnight the second time. I had sold all my ETHE shares on the 3rd because I didn't want to hold it going into the holiday weekend. My account was just sitting in cash for the next 10 days, and then yesterday when everything tanked, I noticed the afternoon price for Greyscale ETHE shares was hit harder from the volatility than the actual exchange price of ETH, creating a pretty large relative gap between the prices of ETH and ETHE, and assumed that the price of ETH would rise overnight and the market open price for ETHE would rise even faster to catch up as both prices regressed towards the mean after a bad day. It paid off.
I think there's a lot of money to be made looking at when the price of ETHE shares diverge too far from the underlying price of ETH during down days and playing arbitrage, basically.
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James
Ahn'Qiraj Raider
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Where did I claim that I understood how taxes work? See, that's the difference. Also, I buy things in Eth that I mined in 2016, so I'm pretty sure I get taxed on both ends.
James
Ahn'Qiraj Raider
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Good writeup on Loot: Loot Project: the first community owned NFT gaming platform
I'm currently in both of the Discords watching things play out, there still isn't anything to do with it really (incorporating mLoot is hard) but the development community is fascinating. Some of the things they're working on are: gas-free expansions, open map standard, and migrating to layer 2.
Also, FUCKING DOPE WARS, who here played that shit back in the day?
I'm currently in both of the Discords watching things play out, there still isn't anything to do with it really (incorporating mLoot is hard) but the development community is fascinating. Some of the things they're working on are: gas-free expansions, open map standard, and migrating to layer 2.
Also, FUCKING DOPE WARS, who here played that shit back in the day?
James
Ahn'Qiraj Raider
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The other thread is for you to figure out how NFTs are a non-fungible store of value like land, so that we don't have to constantly deal with your ignorant comments about what you think has value or doesn't when the latest in blockchain development is centering almost entirely around NFTs. Why don't you shut the fuck up until you can figure out how a fucking paperclip is fungible?
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