We need to stop talking about price and start talking about adoption.

This community really needs to get its stuff together. Every day I see people losing it over the price of bitcoin going down. The price of bitcoin is tied to how many people are using it and how useful it is. The fact of the matter is that if adoption is not going up price will not either

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

One year ago my manager said “No way in hell this investment firm will trade bitcoin”. Today my manager said that we will start soon!

I don't want to disclose any names, but I am really happy! I can finally understand something at work! A company came in to educate directors and management about digital asset trading and they agree'd to start by testing the waters on bitcoin. I know its not a big deal because there are bigger players in the game but the more the better! Its a small-mid investment firm with $ 1 billion capital. I loved how it took one year for my manager to change his mind.

submitted by /u/invisible-money
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Bitcoin – The Currency of the Internet

Lightning nodes are getting DDOS’ed, rumor is that someone from the 2x effort known as “BitPico” has taken credit for this. The Lightning services I’ve deployed have been attacked from the start, with botnets, etc. Deploying in adversarial conditions, decentralization is hard.

Lightning nodes are getting DDOS'ed, rumor is that someone from the 2x effort known as "BitPico" has taken credit for this. The Lightning services I've deployed have been attacked from the start, with botnets, etc. Deploying in adversarial conditions, decentralization is hard. submitted by /u/GalacticCannibalism
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Bitcoin – The Currency of the Internet

“The barriers to entry for tech are very low compared to any other professional field. Male or female, you can make it without a CS degree, with no initial capital costs other than a computer, and all the material you need to learn and start practicing is freely available online.”

"The barriers to entry for tech are very low compared to any other professional field. Male or female, you can make it without a CS degree, with no initial capital costs other than a computer, and all the material you need to learn and start practicing is freely available online." submitted by /u/KevinKelbie
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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.

  • Please consider following us on Twitter and liking our Facebook page!

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