Cryptocurrency (21 Viewers)

Strickland

Senior Member
May 17, 2019
5,859
I didn't hear about this at all. Not that he's going to win anyway, but it's just interesting.

https://sliwaforny.com/issues/cryptocurrency/

  1. Allowing City employees to receive salaries (either in full or partially) in cryptocurrency,
  2. Creating and expanding the use of cryptocurrency ATMs throughout NYC,
  3. Incentivizing small businesses and corporations to begin using and accepting cryptocurrencies,
  4. Allowing City residents to pay taxes, fines, and fees in cryptocurrency,
  5. Issuing tax credits and government benefits in cryptocurrency, and
  6. Incentivizing cryptocurrency operations and start-ups to come to New York City.
Getting paid in doge, what could go wrong :lol:
1, 3, 4, 5 doesn't make a lot of sense given the volatility and the high transaction cost, you don't want to pay 5 USD in commission every time you purchase coffee with BTC. is there a currency that's well suited for small transactions and doesn't jump up and down every day? cryptocurrency ATMs are for drug dealers.

6 is the only one that makes sense.
 

lgorTudor

Senior Member
Jan 15, 2015
32,951
1, 3, 4, 5 doesn't make a lot of sense given the volatility and the high transaction cost, you don't want to pay 5 USD in commission every time you purchase coffee with BTC. is there a currency that's well suited for small transactions and doesn't jump up and down every day? cryptocurrency ATMs are for drug dealers.

6 is the only one that makes sense.
Even the crypto-friendly politicians are lagging behind the curve in their assumption that the payment usecase was still the focal point of the space. The market has long ago understood to use commercial fintech solutions like VISA to connect vendors and buyers who want to pay in crypto. Everybody who wants to pay with crypto, does it already, the vendors don't even know. If politicians want the target audience they should push for crypto 401k with the tax reliefs or that the SEC stop hounding...I mean 'protecting' american cryptosexuals so much. I mean half the exchanges, platforms or otherwise funny games to play are unavailable to US for the sake of 'protection'
 

Fr3sh

Senior Member
Jul 12, 2011
37,254
Even the crypto-friendly politicians are lagging behind the curve in their assumption that the payment usecase was still the focal point of the space. The market has long ago understood to use commercial fintech solutions like VISA to connect vendors and buyers who want to pay in crypto. Everybody who wants to pay with crypto, does it already, the vendors don't even know. If politicians want the target audience they should push for crypto 401k with the tax reliefs or that the SEC stop hounding...I mean 'protecting' american cryptosexuals so much. I mean half the exchanges, platforms or otherwise funny games to play are unavailable to US for the sake of 'protection'
i'm gonna be @swag's new neighbor in portugal, i'm not paying no taxes
 

lgorTudor

Senior Member
Jan 15, 2015
32,951
i'm gonna be @swag's new neighbor in portugal, i'm not paying no taxes
I've been thinking a lot about how much of a gift is wasted on @swag. Millions of cryptosexuals around the world would kill for that perk, and he is being a total brainlet throwing it away. Shameful.

Another Portuguese guy I know is the same. No wonder Portugal is only the ass of Spain
 
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Fr3sh

Senior Member
Jul 12, 2011
37,254
I've been thinking a lot about how much of a gift is wasted on @swag. Millions of cryptosexuals around the world would kill for that perk, and he is being a total brainlet throwing it away. Shameful.

Another Portuguese guy I know is the same. No wonder Portugal is only the ass of Spain
bro just the thought of how much i'll get taxed makes me so mad and it's to unreasonable amounts here in canada

- - - Updated - - -

even with my teaching job, i was making 6 figures by 3rd year, got taxed close to 30%, same thing every during my first 2 years.
first year: 95k taxed about 20k
2nd year: 99k taxed about 20-25k
3rd year: 104k taxed about 20-30k

now when i applied for the EI i was rightfully owed they made me jump thru so many hoops just to get my gibs of 500 weekly, pieces of shites
gonna send my hard earned money to israel and shit

those americans were right taxation is theft
 

campionesidd

Senior Member
Mar 16, 2013
16,820
bro just the thought of how much i'll get taxed makes me so mad and it's to unreasonable amounts here in canada

- - - Updated - - -

even with my teaching job, i was making 6 figures by 3rd year, got taxed close to 30%, same thing every during my first 2 years.
first year: 95k taxed about 20k
2nd year: 99k taxed about 20-25k
3rd year: 104k taxed about 20-30k

now when i applied for the EI i was rightfully owed they made me jump thru so many hoops just to get my gibs of 500 weekly, pieces of shites
gonna send my hard earned money to israel and shit

those americans were right taxation is theft
100k as a teacher? Man, even most school principals don’t get six figure salaries in the US.
It’s glad to hear at least some countries value their teachers.
 

Fr3sh

Senior Member
Jul 12, 2011
37,254
100k as a teacher? Man, even most school principals don’t get six figure salaries in the US.
It’s glad to hear at least some countries value their teachers.
nah bro cause I was teaching in the arctic, no one wants to go there and it's stupid expensive to live there that's why there's a huge spike in salary for all salaries up there , for example in British Columbia and Quebec first year teachers make 35k, Ontario about 45k, Alberta is the highest at 65k first years.

also teachers get shite support up there too, glorified babysitters like @GordoDeCentral puts it :lol: and i agree, shit i've seen grade 8 inuit students that were illiterate, all they knew was to write their name, sad as fuck, wasn't the norm, but that's inexcusable for any school to have kids showing up regularly for years and not know how to read and write at 13.
 

.zero

★ ★ ★
Aug 8, 2006
82,880
100k as a teacher? Man, even most school principals don’t get six figure salaries in the US.
It’s glad to hear at least some countries value their teachers.
I was surprised to learn that teachers at many public districts in the U.S. receive a remarkable pension. But just like anything else, you have to suffer a low salary for 40 years. However, teachers have the best benefits available to them IMO
 

Enron

Tickle Me
Moderator
Oct 11, 2005
75,663
nah bro cause I was teaching in the arctic, no one wants to go there and it's stupid expensive to live there that's why there's a huge spike in salary for all salaries up there , for example in British Columbia and Quebec first year teachers make 35k, Ontario about 45k, Alberta is the highest at 65k first years.

also teachers get shite support up there too, glorified babysitters like @GordoDeCentral puts it :lol: and i agree, shit i've seen grade 8 inuit students that were illiterate, all they knew was to write their name, sad as fuck, wasn't the norm, but that's inexcusable for any school to have kids showing up regularly for years and not know how to read and write at 13.
lol I work with grown men who can barely read or write
 

Dostoevsky

Tzu
Administrator
May 27, 2007
88,998
lol I work with grown men who can barely read or write
True.

However, I think education was a lot better 10, 15, 20 years ago. IMO the quality has gone down to shit. It's becoming common that kids in 8th grade don't know some letters and they are pretty much retarded when it comes to simple basic stuff. Attention span, thanks to phones, has gone to shit too. Gonna be fun to see these generations rule in the future.
 

Allegri_is_God

Senior Member
Jun 8, 2021
564
True.

However, I think education was a lot better 10, 15, 20 years ago. IMO the quality has gone down to shit. It's becoming common that kids in 8th grade don't know some letters and they are pretty much retarded when it comes to simple basic stuff. Attention span, thanks to phones, has gone to shit too. Gonna be fun to see these generations rule in the future.
I don’t believe they will be so very different from Biden
 

Enron

Tickle Me
Moderator
Oct 11, 2005
75,663
True.

However, I think education was a lot better 10, 15, 20 years ago. IMO the quality has gone down to shit. It's becoming common that kids in 8th grade don't know some letters and they are pretty much retarded when it comes to simple basic stuff. Attention span, thanks to phones, has gone to shit too. Gonna be fun to see these generations rule in the future.
in this case, most of them are tradesmen so they can wire up a streetlight real fast or pour concrete perfectly every time. so at least they are skilled in those aspects
 

Strickland

Senior Member
May 17, 2019
5,859
what do you guys think of ekrona? sounds like a state backed, glorified pyramid scheme to me lol. the whole premise as far as I understand is "get involved people, cryptocurrencies are cool and this is almost a cryptocurrency as well"
 

DutchJuventino

Senior Member
Apr 9, 2015
3,936
Elrond Network (EGLD) really nice European coin. Bought for 100 now 300. Massive gains.

I only hodling Ethereum and Egold because I don't know anything about crypto. Still made couple of hunders gains on Cardano and Vechain :lol:
 

swag

L'autista
Administrator
Sep 23, 2003
84,768
I've been thinking a lot about how much of a gift is wasted on @swag. Millions of cryptosexuals around the world would kill for that perk, and he is being a total brainlet throwing it away. Shameful.

Another Portuguese guy I know is the same. No wonder Portugal is only the ass of Spain
Well, being a US citizen in Portugal doesn't really help. The US IRS is one of the few countries that taxes your ass wherever you go. Elon Musk cannot take a dump on Mars without the tax man in the US needing to know about its market value increase.

I don't think Muricans know how much this follows you. Long ago I tried to flip on the investment part of my Portuguese bank account services ... filing the usual paperwork that proves you aren't a complete noob who will lose his family to sexual slavery because of leveraged options trades. The local banks won't touch you. Anything that might even accrue 0.01% annual interest or gain is the third-rail for brokerage apps, banks, etc. here. The Americans send in their goons with sunglasses and guns and will wreck their sh*t up if they catch them handing over any capital or dividend gain that doesn't have Uncle Sam's palms all over it.

It's quite literally like being a financially banned citizen. You become a fintech leper. It's like being the famous ex-girlfriend of a global mobster trying to get a hookup on Tinder.

The alt is to reject your US citizenship, which is getting more expensive to do ... and not to do.

Which isn't to say I haven't had the opportunity to feign my citizenship as something other than Murican here and there where convenient. :shifty:
 
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