mindcandy

18 ms·

1. 181.▲
   by mindcandy 8y ago

   dislaimer: I'm not a tax lawyer. This is not advice. etc... In general, trading crypto is taxed like trading stocks or any other commodity. So, when you trade some coins for something else, at that moment you owe tax on the differenc
2. 182.▲
   by mindcandy 8y ago

   Try to think outside of the US/Eurozone. At least a billion unbanked individuals still have cellphones. Meanwhile in SF, the homeless all have cell phones. They are also frequent customers of Bitcoin ATMs according to an convenience s
3. 183.▲
   by mindcandy 8y ago

   You’re still thinking like a mainframe salesman scoffing at PC’s ;) Crypto doesn’t require a bank account, passport, etc... The establishment requires that. A hope is that like the third world skipped telephone lines straight to cellphon
4. 184.▲
   by mindcandy 8y ago

   Cryptocurrencies are definitely an “Innovator’s Dilema” situation when it comes to general use. It’s much worse than the established solutions. It’s confusing, error-prone, unreliable, cheap and janky. It’s also not a great business case f
5. 185.▲
   by mindcandy 8y ago

   The connectivity requirements are like checking your email once a day or so. It’s not like you lose money if your phone goes through a tunnel. In practice, your money should end up feeling more locked up if it is not on LN. LN becomes the