Let's Not Destroy Bitcoin: What's Wrong With MIT Technology Review's Article

On April 24, the MIT Technology Review published an article with a catchy headline, titled “Let's Destroy Bitcoin”. The Internet was quick to react: media and bloggers started to spawn news, features and videos, reacting to “MIT professors” who supposedly called upon action against the world's biggest …
Google Alert – bitcoin

Report the bitcoin.com iOS wallet to Apple for potential violation of article 3.1.5 (b) Cryptocurrencies (Bcash may not be an approved cryptocurrency), misrepresentation, intent to mislead users and other acts of fraud: https://reportaproblem.apple.com/ (

Bitcoin

Ridiculous The Atlantic article asks if It’s unjust that most of Bitcoin’s investors are men (reddit.com)

https://www.theatlantic.com/amp/article/556190/ From the article: “Will it be unjust if there is a significant gender imbalance in investor losses or gains?” Why is the article even asking this question? The answer is NO. Whomever takes the risk should take the gain or loss. So what if men take more risks than women? That is their CHOICE. Why do gender politics need to be injected into everything? If women want to invest they have…

Bitcoin

Forbes article: “We Need To Shut Bitcoin And All Other Cryptocurrencies Down. Here’s Why.” & My Response

We Need To Shut Bitcoin And All Other Cryptocurrencies Down. Here's Why.

You've got to be kidding me with this absolute garbage. Read it for yourself, but the guy is wrong about almost everything he says. It looks like clickbait, but it's in Forbes and I thought Forbes was a respectable publication. When are journalists going to start taking their publications seriously when it comes to cryptocurrency? Why is this Jason Bloomberg dope the "president" of a tech company?

I got so incensed about it that I pushed out a response article of my own. Read it and give me some feedback, or don't — either way, understand that this is the kind of ignorance we're up against in the crypto world. Dinosaurs who think that the whole idea of a decentralized system is so dangerous that it should just be made illegal.

"First they ignore you, then they laugh at you, then they fight you, then you win." It looks like we're getting to the "fight you" stage.

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Bitcoin – The Currency of the Internet

Hi /r/Bitcoin! I quit my job to start Cointaxes to answer questions about taxes and digital currencies so you can have confidence even if you’re not a HODLer! Sharing our first comprehensive article on the Coinbase & Gemini 1099-K. Would love your input on ANY other topics or questions! :)

Hi /r/Bitcoin! Thank you for reading this.

I felt the world of digital currencies is a bit too uncertain, so I want to do what I can to create more confidence and certainty! Please let me know if you have any questions or comments (I'll probably respond to every comment here!)

Check out our first comprehensive article on the Coinbase / Gemini 1099-K

Some "fun" facts you may not know about digital currency taxes

Here's two quick "fun" facts you may not know. We will be posting in-depth articles on these, too. Consider subscribing to our newsletter to hear first when they've been published!

  • Non-deductible personal loss: You should never exchange your digital currency directly for ANY goods or services. If you happen to have a loss on that trade, it will be non-deductable as capital gains losses ONLY apply to "investment" not "personal use" activity. You can read more about this on Forbes, Time and the IRS website.

  • FBAR requirements: This isn't explicitly tax related, actually, but a LOT of my US friends do not know about this important filing. If you ever on a single day, even, held $ 10,000 USD worth of value overseas (Binance, for example), you must meet your FBAR online filing requirements. The penalties can be severe for failure to disclose. The deadline is April 15, but it will be extended to October 15 if you fail to file on time. You can read more about this on official government sites General FBAR information, FBAR FAQS (not super helpful IMO) and the online form itself.

About Cointaxes

Cointaxes was formed and funded with the mission to establish confidence and certainty around cryptocurrency.

We see global adoption of digital currencies as an inevitability. The uncertainty lies in how effectively and smoothly this once-in-a-lifetime shift occurs. As a tax preparation service, we have a special seat in the cryptocurrency ecosystem directly related to this uncertainty: it is our job to help both citizens and governments around the world understand how to use and treat digital currencies.

  • We will regularly invite regulators, lawyers and tax experts to private discussions and public webinars to ensure you will have a firm understanding with each regulatory shift as the world adopts cryptocurrencies.

  • We will conduct proprietary research and publish Cointaxes Guides to answer questions you may have about using your digital currency.

  • We will provide high quality cryptocurrency tax preparation software for individuals and tax professionals.

If our mission excites you

  • Please know that we are hiring. Contact jobs@cointaxes.com with a resume and cover letter.

  • If you're are regulator or a crypto-experienced legal or tax professional, please contact experts@cointaxes.com with some background information and reason for connecting.

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Disclaimers

Important Disclaimers: This is NOT tax advice and should NOT be relied upon for making any tax decisions. We always recommend speaking to a tax professional before making decisions related to your taxes and our guides are not a substitute for tax advice. While I have assembled and provided this information to the best of its knowledge, I make no representations or warranties as to the accuracy or timeliness of the information contained herein. You can read the full disclaimers here.

submitted by /u/StopTheVok
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Bitcoin – The Currency of the Internet