S

coinfeeds-bot

tldr; US bank regulator Jelena McWilliams, who chairs the Federal Deposit Insurance Corporation (FDIC), said that a team of U.S. bank regulators is trying to provide a roadmap for banks to engage with crypto assets. This could include clearer rules over holding cryptocurrency in custody to facilitate client trading, using them as collateral for loans, or even holding them on their balance sheets like more traditional assets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

yeetboi_dangerous

Literally the DOW and S&P 500 confirmed its not a pump and dump. And even some small stores and businesses are starting to accept it

tenuousemphasis

Since it's so easy to look up, you'll surely tell us where you got that statistic from. The U.S. military is the largest consumer of fossil fuels in the world.

MagnumDPP

I earn interest on Blockfi. I added the coins that I would be willing to lose, not your keys not your coins. I created a bitcoin interest calculator to forecast a 4% interest with Bitcoin's price following a blend of S2F and fading 10-year annualized returns. I wanted to know what that would look like by 2050. Trust me, if 10-20 years is your target, you will be doing amazing with just a modest 0.3 BTC in Blockfi or any other major exchange that pays you interest in BTC. Get paid in BTC, not USD. Here are some EOY points from my bitcoin interest calculator with 0.3 starting out in November of 2021, and dollar-cost averaging $300 a month. End of year 2025: You should be making \~$2,000 a month interest with bitcoin at \~$600k. End of year 2030: You should be making \~$45,000 a month in interest with bitcoin at \~$10M. End of year 2035: You should be making \~$1M a month interest with bitcoin at \~$160M. End of year 2040: You should be making \~$25M a month in interest with Bitcoin at \~$2.7T. End of year 2050: You should be making \~13T a month in interest with Bitcoin at \~$717T. If you let all of the BTC snowball over time, your 0.3 BTC would turn into.... 2030: 0.7 BTC. 2040: 1.5 BTC 2050: 3.1 BTC Enjoy. <3 <--- Sr. Financial & Business Intelligence Analyst for a living.

WellThatIsNew

Because HOGE has already taken all of the steps needed, legal DAO in the U.S and EU, full certik audit and they are raising the funds, any token that takes the right steps AND raises the funds can get on an exchange. Plus there are small tokens on major exchanges already.

LegitimateChance1075

Sounds like the U.S. and the entire banking system🤭

skoolbees

My 73 yo dad downloaded Reddit recently. He’s in 4 subreddits, this is one. 👋 Hi Dad! Thank you for making buy my first S coin.

tchildthemajestic

So if BTC goes up to $63k by EOM are we going to assume that S2F will be right for the rest of the year?

vvb777

GAMBLER'S FALLACY sounds like investing into meme coins until you finally hit the jackpot with one..

J-E-S-S-E-

Why in the total F do we have illegitimate projects pumping in this industry? Man 

Odysseus_Lannister

Jokes on you, Jake Paul and Floyd Mayweather totally have my best crypto interests in mind. /S

coinfeeds-bot

tldr; More than a third of the global computing power dedicated to mining bitcoin is now drawn from machines in the U.S., up from less than a fifth last spring. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Routine_Obligation_7

Cryptocurrency is destined to become a product of an era, and may be able to replace the U.S. dollar

angoisses

1. Buying anywhere Stellar (XLM) 2. Go to SwapSwop.io and create exchange XLM to ONE 3. Send XLM to the exchange address. Do not forget about Memo P.S. Exchange takes 5-10 minutes.

donjoe0

Notice I said A implies B, not B implies A, where A = little guy got protected, B = regulation did the protecting. Your claim that my argument is invalidated by A being false commits the logical error known as "denying the antecedent". ;) The correct deduction is: the U.S. is not much of a democracy, especially when it comes to financial matters, so it's no surprise they didn't improve regulations in favor of the little guy after the GME scandal - that's what happens when regulation is disconnected from the decisions of the people.

emelbard

Rough math based on what one of my S19s is producing vs what it's drawing in electricity and projecting that out to 1MW worth of S19s

mrginopalacca

Bitcoin S-H-A-R-E-S??? LMFAO... Dude, you should go and play the casino...

UnsignedRealityCheck

Well I live in the EU (Finland) and at least in here I've never ever heard of negative interest. You'd be laughed all the way to the border if you'd even suggest anything like that. Even the shittiest savings account give you 2% interest to begin with. If you have hundreds thousands then it goes down to 0.x% The only annual thing I know of that's not compounding interest is the "service fee" which is like 10 euros a year for your mastercard and that's being covered by bonus points when you buy stuff. Even our local convenience store chain (S-Pankki) offers you a free credit/debit card with absolutely zero fees and +interest% for whatever you deposit to them.

cmalnack

I recently got a Ledger Nana X and have been loving it so far. The Nano S is cheaper but can only store 2 or 3 apps. You can hold more coins and tokens than that at a time but anytime you want to move something the specific app needs to be installed so it's a lot of uninstalling and reinstalling. This is why I think the Nano X is worth it. So far I'd highly recommend it. But make sure whatever one you buy do it directly from the site.

phaisto

I can not believe you beat me to posting your image! Probably took me too long to fire up paint to erase your username... Shame... Maybe next year! /S

phaisto

On this episode of Blockworks’ podcast “On the Margin,” Michael Ippolito, co-founder, is joined by Mike Green of Simplify Asset Management & Alex Gladstein of the Human Rights Foundation. Mike & Alex sit down to debate the role of Bitcoin from opposing angles, discussing whether a Bitcoin standard would benefit the U.S, what is the role of Bitcoin for those living under authoritarian regimes, government response to Bitcoin, the war on cash, & the role of sound money in society. They also covered: CBDCs Stablecoins If Bitcoin should be taxed

tsumy

S2Flow model is from plan B.

Oulad_lhram

Brazil is definitely bad ass. One of the most beautiful countries in the world. People are great, food is awesome, nature is out of this world, so much culture, a must visit place 100% >The violence thing exists in all cities in the world and is relative to the place you’re at. New York or London are no different than São Paulo to that matter. Broooooo. A few cities in Brazil rank as some of the most violent cities in the world. I have a few Brazilian friends from BJJ and they all tell me that violence is a major problem in Brazil. One of them got kidnapped last time they where in Rio and she is Brazilian too. They all tell me watch out if you go etc...

reddito321

Yes, Brazil is badass. Health is also public and free, from AIDS to cancer treatments to vaccines to surgeries due to accidents. For lesser things you might wait on the line for quite some time, but if its a life-threatening emergency you’re assisted on the spot. Brazil has many problems, but having lived in Europe and USA for quite sometime, I’d not trade it for neither. The violence thing exists in all cities in the world and is relative to the place you’re at. New York or London are no different than São Paulo to that matter.

Spardasa


thirtydelta

> Imagine if Interactive Brokers just went out during a major selloff. People would sue the living hell out of them. No they wouldn’t. Outages occur. Are you unfamiliar with how brokerages operate? Have you read the terms from IB, or any other broker? > LIMITATION OF LIABILITY AND LIQUIDATED DAMAGES PROVISION: CUSTOMER ACCEPTS THE IB SYSTEM "AS IS", AND WITHOUT WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR USE, PURPOSE OR APPLICATION; TIMELINESS; FREEDOM FROM INTERRUPTION; OR ANY IMPLIED WARRANTIES ARISING FROM TRADE USAGE, COURSE OF DEALING OR COURSE OF PERFORMANCE. UNDER NO CIRCUMSTANCES SHALL IB BE LIABLE FOR ANY PUNITIVE, INDIRECT, INCIDENTAL, SPECIAL OR CONSEQUENTIAL LOSS OR DAMAGES, INCLUDING LOSS OF BUSINESS, PROFITS OR GOODWILL. IB SHALL NOT BE LIABLE TO CUSTOMER BY REASON OF DELAYS OR INTERRUPTIONS OF SERVICE OR TRANSMISSIONS, OR FAILURES OF PERFORMANCE OF THE IB > SYSTEM, REGARDLESS OF CAUSE, INCLUDING, BUT NOT LIMITED TO, THOSE CAUSED BY HARDWARE OR SOFTWARE MALFUNCTION; GOVERNMENTAL, EXCHANGE OR OTHER REGULATORY ACTION; ACTS OF GOD; WAR, TERRORISM, OR IB'S INTENTIONAL ACTS. CUSTOMER RECOGNIZES THAT THERE MAY BE DELAYS OR INTERRUPTIONS IN THE USE OF THE IB SYSTEM, INCLUDING, FOR EXAMPLE, THOSE CAUSED INTENTIONALLY BY IB FOR PURPOSES OF SERVICING THE IB SYSTEM. IN NO EVENT SHALL IB'S LIABILITY, REGARDLESS OF THE FORM OF ACTION AND DAMAGES SUFFERED BY CUSTOMER, EXCEED THE HIGHEST TOTAL MONTHLY COMMISSIONS PAID BY CUSTOMER TO IB OVER THE 6 MONTHS PRIOR TO ANY INCIDENT.

Thewhiterabbit7

I do see my local taxes at work through the fire department, policing, roads, schools etc but the taxes I am mainly referring to are our federal taxes not our local taxes. I think you are blind to the amount of bloat that is in our government. The amount of taxes that are given to special interests, unelected beuracrats/beauracracy, pointless subsidies given to larger corporations or policies that hurt our environment, unnecessary and inflated government contracts. The amount of taxes given to the alphabet agencies to spy on it's people and incite endless wars. I dont know where you live or what your politicians are like but I can tell you that either party in the U.S only cares about one thing and that's power. It is not self centered to say I want my tax dollars to better benefit my people especially if that means the only way that money can truly help them is if more of it stays in their pockets.

Melodic_Chance_779

It could be StoryToken.app you're looking for, Story is the first ever crypto social network for charity and NFT'S check it now! you can also download its APP!! see you there!💎 ✅#PANCAKESWAP ✅#LATOKEN ✅#COINSUPER ✅#COINGECKO ✅ #WHITEBIT ✅#CMC

AdEx_team

Hello, Georgi from Ambire team here. I have an opposite way of thinking than yours in this case. If the surrounding colleges and/or universities require higher fees, but give you better credit for finding a well paid job after that and are better for your resume, why not take a student loan, graduate, get quality education and start paying it off once you have found a job with all the privileges that come along with it? (in this case higher sallary to compensate for the student loan). What you will have in the end is slightly better education at the same price. P.S. Most of the student loans start being paid after you get a job P.S.2: Crypto rules in this case!

Stellarspace1234

Congressional Democrats can’t even pass a $3.5 trillion spending bill, which would only have been about 16% of the U.S. GDP.

Fluid_Department_120

Bitcoin suddenly fell by 4.5%, falling below 59,000, Ethereum fell below 4,000, and the amount of liquidation in one hour has exceeded 500 million U.S. dollars.

marcusassus

I guess we shall see. S2f has been pretty good thus far

SnooMachines7409

You can only learn about bitcoin when you personally put the effort to understand it. Any forceful explaining from an outside source can make Bitcoin look like a ponzi. Let nature take its course. People will learn when they will be ready. P.S. This account is from 2044 and Bitcoin is used by 70% populace. Millions died when the governments robbed them of their wealth by printing money and the world shifted to a Bitcoin standard. Russia is a super rich country now. Just wait!

marcusassus

No I’m not “new”. Don’t be condescending. S2f has us closing oct at 63k so I don’t expect another 10% pullback

Chicaca10

Man, people forget that U.S. territories are tax havens: https://www.eisneramper.com/puerto-rico-tax-0321/

nombresinhombre

S thanks for the upvotes

phaisto

Awesome! Can i post it as my work if i cut out your username? /S

goldenkatt

Current network hashrate is 150m TH/s Antminer S9 does 13 TH/s while consuming 1300 watts. So current network power consumption is 150m / 13 \* 1300 = 15,000,000 kW In Oct 21 roughly 11300 transactions were added to the block chain per hour. This means for one on-chain transaction 1327 KWh are consumed Assuming a price of $0.12 per KWH, it would cost $160. I know, there are more efficient miners and costs for electricity differ. In some cases, otherwise wasted energy is used. But this view on $/tx is imho absolute FUD when we are talking about a PoW system that basically converts energy to value. Also, this calculation neglects 2nd and 3rd layer solutions. No one would buy a latte with an on-chain transaction.

veryeducatedinvestor


flexing-around

My 90$ is now 630$, WHAT'S UP

Holiemolie93

Uhm boys.... WHAT'S HAPPENING!?

These_Remote_7524

Can't wait for "HERE'S WHAT I LEARNED" posts after shiba rug pull 🤡🤡🤡

Rattlessnakes

Hey just wanted to say I hope your situation turns around and that you’re able to find some success with what’s available to you. Just be careful with all of the crypto exchanges and try to avoid anything that doesn’t seem legit…. Best wishes from the U.S.

grouch0glasses

GROUCHO is sitting comfortably in his armchair smoking a pipe and reading Walden. Bocherrini's String Quintet in E, Op. 11 No. 5 is playing softly in the background. A decanter filled with fine Scotch sits on a small table next to him. At his feet, a Tibetan Mastiff is sleeping, peacefully. GROUCHO'S GRANDCHILD enters the room and approaches the peaceful GROUCHO. GROUCHO'S GRANDCHILD Grandpa, how come we have such a nice life? GROUCHO Dog money.

grouch0glasses

INT. MANSION - 2061 GROUCHO is sitting comfortably in his armchair smoking a pipe and reading Walden. Bocherrini's String Quintet in E, Op. 11 No. 5 is playing softly in the background. A decanter filled with fine Scotch sits on a small table next to him. At his feet, a Tibetan Mastiff is sleeping, peacefully. GROUCHO'S GRANDCHILD enters the room and approaches the peaceful GROUCHO GROUCHO'S GRANDCHILD Grandpa, how come we have such a nice life? GROUCHO Dog money.

grouch0glasses

INT. MANSION - 2061 GROUCHO is sitting comfortably in his armchair smoking a pipe and reading Walden. Bocherrini's String Quintet in E, Op. 11 No. 5 is playing softly in the background. GROUCHO'S GRANDCHILD enters the room and approaches the peaceful GROUCHO GROUCHO'S GRANDCHILD Grandpa, how come we have such a nice life? GROUCHO Dog money.

angoisses

Or buy XLM and swap them to anything! How it works? 1. Buy Stellar (XLM) on Kraken or Crypto.com or CB or somewhere else 2. Create an exchange on SwapSwop.io XLM for ONE 3. Send XLM to the exchange address. Don't forget to specify Memo In 10-15 minutes, ONE is in your wallet P.S. The instructions also work for VET

Ramanticasf

Wtf SHIB surpassed DOGE'S market cap. Wtf is going on I'm going nuts

VapingLawrence

Unfortunately that's not how economics work, especially debt-based economics. Let's dumb it down a little. Let's say you own a construction company. You cannot grow it infinitely. At one point you just run out of workforce and/or the old houses start to crumble and you'll have to start over - therefore you have some limits how far and how fast you can grow. You can look at S&P500 and think that it will grow indefinitely. It will not. The whole thing is rigged at the highest level and at one point it will reach its limits - there is no such thing as infinite debt. Eventually it will crash and crash hard, since it hasn't had any real bear-markets. It was in the channel between '00 - '13 and had almost a 20 year triangle pattern from 1930-1949. Other then that it has painted a very scary hockey-stick pattern. Same thing with crypto, it just can't grow indefinitely. It has to come down at some point to redistribute, take a breather and that would be a good thing. There is a strong possibility that the current bull-market can extend for quite a while, perhaps even years due to current economic situation, but it has to come down at some point. Personally i would prefer to have a bear-market sooner than harder crash later on. Cheers!

HiCarumba

Whats H&S? Hold and Stop?

sgtslaughterTV

We had a rule that only two posts about any one coin in the top 50 by marketcap can be on the front page with the exceptions of (IIRC) bitcoin and ethereum. We are correcting your viewer experience. P.S. I let threads fly about coins that I don't like all the time.

Anna8600

Realistic cat and mouse game Tesla = "cat" U.S. Securities Commission = "rat" Like it if you understand

intotheEnd

Jesus christ... "Elon Musk’s electrical automobile corporate, Tesla, has knowledgeable the U.S. Securities and Change Fee (SEC) in a quarterly submitting that it’ll restart the apply of transacting in cryptocurrencies for its services and products. Tesla suspended accepting bitcoin in Might, mentioning environmental issues." Is this even English?

tombombadil3x

Probably should have seen this coming. I didn’t throw a lot of money into it, but the chart has seen a 300% growth day and I’d like to sell. However, pancakeswap keeps giving gas errors no matter how high I set the slippage to. Any insight would be great on how to get any of my money back. The coin is at https://coinmarketcap.com/currencies/squid-game/ P.S. I know these are scams, and I’m new to the game, but I figured I’d make a quick buck on the quick push before it crashed.

HighTurning

But crypto will make poor people go rich /S

electricmaster23

Yeah. My trading account actually bans trading crypto on leverage altogether, which probably isn't the worst idea in the world. Put leverage on the S&P 500, not crypto!

auniqueusername2567

I know there are probably some great crypto examples too, but the one that always comes to mind for me is TSLA. I invested back when all they had was the model S and their production numbers were nothing. For a long time I remember hearing about how it was one of the most shorted stocks in the market but I believed in them. I am currently up over 3000%.

ComeBackTimee

F yeah! ONE'S future looking bright! Wish my bags were bigger!

Shiftlock0

You missed the part where he moved to Puerto Rico. Under Section 936 of the tax code, Puerto Rico residents aren't subject to U.S. taxation on income that is generated in Puerto Rico. That includes capital gains, which are 0% as per Puerto Rico Tax Acts 20 and 22. I know this because I've been considering moving there for this very reason.

coinfeeds-bot

tldr; Cryptocurrency exchange FTX has secured an advertisement spot in the National Football League's Super Bowl LVI, to be held in 2022. The Super Bowl is invariably the top rating TV program of the year, and accounts for 28 of the 30 highest rating broadcasts in U.S. TV history. The previous event engaged an average television audience of about 92 million viewers. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

MostlyPseudonymous

And THAT'S why.... you always leave a note.

NoDollarDamus

Hell, I appreciate the subtle "fuck you" from Elon to the S^(uck) E^(lon's) C^(ock)

ok46reddit

The U.S. tax law is typically written by think tanks funded by billionaires and then passed on to cooperative legislators. Don't you think it is about time someone pushed back?

AkimboBears

No, U.S. Won't Tax YOUR Income. This guy circa 1913.

ieatmoondust

I love all of this for South America, and I also love thinking about how when this starts to really accelerate, how its gonna put pressure on the U.S. to get with the program.

ShibeTheCosmonaut

S2F predicts an average price of $100k for 2020-2024 timeframe.

esc85

You need to look into the history of the U.S. Gov’t. Income tax didn’t always exist and was supposed to be temporary, gold was deemed illegal then we later left the gold standard, etc. Billionaires will always have loopholes to avoid taxation, and eventually they’ll lower the threshold and tax you. Those of you with Bitcoin will eventually be millionaires, keep that in mind.

esc85

You need to look into the history of the U.S. Gov’t. Income tax didn’t always exist and was supposed to be temporary, gold was deemed illegal then we later left the gold standard, etc. Billionaires will always have loopholes to avoid taxation, and eventually they’ll lower the threshold and tax you. Those of you with Bitcoin will eventually be millionaires, keep that in mind.

MindSecurity

What does the S2F model predict then? Because I keep seeing these numbers attributed to the S2F model. When I look at the S2F model, if I'm looking at the [right thing](https://stats.buybitcoinworldwide.com/stock-to-flow/), then it kind of looks like it can chill at around this price for the next year or so?

-Resident-One-

S America officially the most bullish continent

ok46reddit

The unrealized capital gains tax in the U.S. would apply to only about 700 people, Billionaires. In other words, it doesn't apply to you. It will not consume any of your unrealized gains.

malnz

So after a fair bit of research, I'm staking to get some Pulsepad tokens on the 8th of November, doing it through BSCpad (other options are TRONpad, ADApad, KCCpad, VelasPad and ETHpad) - I'm going to keep a track on my experience and let interested people know how it goes. I must admit Bluezilla have a super smooth staking set-up, which most people should be able to navigate (I know U.S residents can't join....). So who else is joining this IDO? Why or why not? We often see speculation on tokens which have far less of a track record - and while Bluezilla are definitely good at the marketing side of things through Youtubers like Suppoman, they are also doing some good 'real' platform launches like Cryptopolis. Having seen how some pre-sale launches work (like Antex), where the tokens were gone in 30 seconds (if they were actually there), this seems to be far more robust and clear rules of engagement.... Thoughts?

UnseenUFO

Anyone ever was intrested in Helium mining but didn't want to wait months for one so they turned away from it? I have 1 coming tomorrow and was looking for 1 person to host it for me. We would split 60% me 40% you. Lately the Helium network has been shitty and there has been a lot of hiccups, which means the miner could be down for a couple of days or hours randomly. I would want someone who wouldn't give up in a month or less after all the difficulties. The miner i have coming is a Bobcat miner 300. It uses wifi/ethernet and electricity. It's not an expensive miner to run. They say it uses $5-10 of electricity a month DM me for more info. This miner is for the U.S frequency not EU.

Xenu4u

>The auction will be carried out online and will see the bitcoins auctioned off in batches by the U.S. government. GSA Auctions carry out auctions on behalf of the U.S. government to clear surplus assets and equipment that are owned by the federal government. Wait... The US Government owns Bitcoin? How have I not heard this before?

austynross

Sí

Money_Walks

Don't worry about dollar cost averaging with $200, you should just use it all to buy bitcoin then keep buying more every couple weeks after that. If you don't already have one you should keep an emergency fund before putting a substantial amount in crypto, something liquid but less volatile like cash or some S&P 500 ETF. You won't get crazy returns but you'll have some cash for food/rent if you get in a pinch.

One_Mulberry_2252

The first investment with Mrs sonia gave me profit of over $9,458 U.S dollars and ever since then she has never failed to deliver.

TheGreatCryptopo

He's got August, Sept spot on, and doubt he'll be wrong with October. The S2F model is why I'm saying it too. November is a brash statement, he says 98K!

FeedUsFetusFeetPus

Portugal doesn't work for US citizens. You would have to renounce your U.S. citizenship and pay an exit tax which is the same if not more than your capital gains tax would be. I'd you just move from the U.S. to Portugal and become a citizen there you still owe the U.S. taxes.

UnseenUFO

Anyone ever was intrested in Helium mining but didn't want to wait months for one so they turned away from it? I have 1 coming tomorrow and was looking for 1 person to host it for me. We would split 60% me 40% you. Lately the Helium network has been shitty and there has been a lot of hiccups, which means the miner could be done for a couple of days or hours randomly. I would want someone who wouldn't give up in a month or less after all the difficulties. The miner i have coming is a Bobcat miner 300. It uses wifi/ethernet and electricity. It's not an expensive miner to run. They say it uses $5-10 of electricity a month DM me for more info. This miner is for the U.S frequency not EU.

DJCityQuamstyle


Blazzah

Plant some hardwood trees! In about 30 years they will be worth a lot and could help you out and/or be used to fund the forest project's future. Here in the U.S. a mature black walnut and the like can sell for $25-50k USD depending on size, quality, and buyer. Saving odd chunks leftover and milling them yourself, you can sell those directly to woodworkers for quite a lot. Hope that helps. I will be doing something similar in the future as well, glad to see your post :) Best of luck!

Ima_Wreckyou

This is a good strategy and I use it until now, just because it felt reasonable given the halving cycles, I did not run the numbers. However, what makes me consider abandoning it is that I become more and more convinced that the halving cycles may come to an end and we might start to see an adoption S-curve instead as Bitcoin actually starts to get used as payment network with Lightning (El Salvador, Twitter, Strike). But it actually doesn't matter when that will happen. I'm pretty convinced it will at some point but it hasn't yet, and that means we are still at the bottom of the S-curve. So I'm probably just back to DCA wherever the price is at :-)

ell_be

So how come the guy who worked at G4S stole the van load of money (900k), hid it, did 1 year of jail and then went and got it, he didn’t tell them shit and he didn’t have to. Was this a new thing introduced recently?

Charming-Dance-1839

> The U.S. government acquires its crypto from seizures and forfeitures. Mostly, these crypto are taken from individuals involved in crime, and the assets are seized when the perpetrators are apprehended. Seizures can also occur in instances of tax evasion. The house always wins.

TheLionSin_

Most promising crypto to get into right now at current prices? (Using Binance U.S.)

ahmong

> Soo, I do a little mining with my RTX 2080 S. Since I pay next to nothing for electricity it adds up to some hundred dollars per year You're doing something wrong. If you're paying next zero in Electricity, you should be netting roughly $1000~ a year and roughly just over $100 a month.

edmanet

U.S. regulators exploring how banks can make money off of bitcoin. FTFY

coinfeeds-bot

tldr; FDIC Chair Jelena McWilliams has said that banks should be allowed to hold cryptocurrency for themselves and their clients. "I think that we need to allow banks in this space, while appropriately managing and mitigating risk," she said. McWilliams' comments come as an interagency team is working on coordinating cryptocurrency policies for U.S. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

todaywasawesome

They're being downvoted for presenting factually incorrect information. >| the $600 yearly limit to trigger what amounts to an automatic audit was only targeted at billionaires too. It is, though... The previous limit was 10k, which already applies to like 99% of adults. Even very poor people on SSDI disability or whatever with no job still get more than 10k moving around in their accounts in a year. This is incorrect. From [Bloomberg law](https://news.bloomberglaw.com/tax-insights-and-commentary/breaking-down-the-plan-to-report-your-bank-account-to-the-irs) >**Don’t those bank reporting requirements already exist?** There are some reporting requirements in place. For example, banks and other financial institutions must report interest income above $10 on Form 1099-INT. That form is filed with the IRS and is used to match the income reported on your tax return. Also, under federal law, banks are required to report any transactions of cash which **total more than $10,000 in any single day**: This information is included on a currency transaction report (CTR) and is used to help the government track large transactions and prevent money laundering. Making cash deposits of less than $10,000 is not illegal, but it is not lawful under 31 U.S. Code §5324 to structure transactions “for the purpose of evading” those reporting requirements. Emphasis added.

KusanagiZerg

That's exactly what we were saying? The other person said that the S2FX model doesn't predict a 288k price which it does. I am not sure how your comment is relevant unless it's in agreement?

Mustnt-Grumble

Now THAT’S the life! Hope you get there soon! :)

suninabox

>The current regime campaigned on going after billionaires. Once in office they’re talking about tracking every single $600 transaction which has morphed into anyone with $10k worth of transactions in a year. So your problems isn't that they're introducing a piece of legislation that would tax billionaires more, your problem is them doing other stuff that is targeting non billionaires? Great, we're in agreement. Contact your representative today and let them know you won't be voting for them next election if they oppose the billionaire tax or support more intrusive checks on poor people. >The problem is always spending. The government would take advantage of the rules they set up as in my original example. The U.S. collected almost $3 1/2 trillion dollars last year in tax revenues. The U.S. maintains hundreds of military bases outside of the U.S. If the problem is too much spending, how come nations like Norway and Finland which spend far more per capita than the US don't have all these military bases around the world and have affordable healthcare and colleges that don't cost $100,000 in student debt? >Billionaires aren’t the problem necessarily anyone advocating for regressive taxation is the problem, and that includes billionaires or wannabe billionaires. Regardless of what the government is spending money on its wrong for them to take a greater % of poor peoples income than rich peoples. There is no argument for poor people paying higher taxes than rich people. There's a (flawed) argument that everyone should pay the same tax rate, and there's a good argument that rich people should pay more since they can more easily afford it

TheGreatMuffin

> Am in U.S. so I'm assuming this is possible because they are based in Switzerland? Why wouldn't it be possible if they sat in the US?

coinfeeds-bot

tldr; A team of U.S. bank regulators is looking at how to clear the path for banks and their clients that want to hold crypto. The fear articulated by Jelena McWilliams, head of the Federal Deposit Insurance Corporation, is that, should they not engage in regulation efforts, regulation will develop outside the bank. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

seekret

I don't know, I'm not confident enough to make any bold proclamations like I did with the bear market ending haha. But, I bought some BTC today for the purpose of day trading and set a sell order at $129,250 and again at $162k. I based these estimates off a previous conversation where I averaged the predictions we've seen today and came up with a low-bound and high-bound. Anything can happen and if Bitcoin hits 200k I won't be surprised. I'm just saying don't FOMO into something because of the S2F model presented by PlanB. Use it as a reference for what could happen, history often rhymes in Bitcoin after all. I just wanted to make sure it was clear that the predictions are not necessarily as accurate as they seem. Aside from updating the model to reflect past performance it also offers a large range of "possible targets". Even the author states that at some point (I think in 2024 or at a certain price point) the model will fall apart completely.

brilliantblues

Bullish on LINK(S)

coinfeeds-bot

tldr; The Federal Deposit Insurance Corporation (FDIC) Chair Jelena McWilliams has said that regulators in the US are exploring a "clear path" to allow banks and clients to hold Bitcoin and other cryptocurrencies. The decision is being considered by a team of U.S. bank regulators to provide a roadmap for banks to jump into the Bitcoin and crypto market. If approved, the roadmap could usher a new wave of Bitcoin adoption. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; A recent survey found that 70% of U.S. consumers are paying fees to send remittances internationally, with 41% paying a percentage fee averaging 6.2% and 28% paying fixed fees averaging $14.80. A quarter of those surveyed (roughly 8 million individuals) who sent payments internationally used at least one form of cryptocurrency to do so, and a full 13% preferred to use cryptocurrency. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Federal Deposit Insurance Corporation Chair Jelena McWilliams said a team of U.S. bank regulators is trying to provide a roadmap for banks to engage with crypto assets. This could include clearer rules over holding cryptocurrency in custody to facilitate client trading, using them as collateral for loans, or even holding them on their balance sheets like more traditional assets, she added. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*