Re:Attacking the DeFi ecosystem with flash loans for fun and...
by imtringued on Sunday January 17, 2021 @03:46AM
(#25809221)
Big question. Why would I want to pay capital gains taxes on my coffee?
Re:Attacking the DeFi ecosystem with flash loans for fun and...
by fidelramos on Sunday January 17, 2021 @05:19AM
(#25809601)
I don't think anybody wants to pay capital gains taxes when purchasing things with cryptocurrencies. Fortunately there are countries with a sane tax policy regarding cryptocurrencies where you don't pay taxes on cryptocurrencies, such as Portugal [0]. Maybe Americans should be pressuring their government for changes to the laws so cryptocurrencies can be useful for payments like they were originally intended?
[0] https://www.forbes.com/sites/kellyphillipserb/2019/09/19/por...
http://maidsafe.net/
https://solana.com/
If you don’t like ME saying it — here is VITALIK HIMSELF saying it, the guy is quite honest and straightforward about its limitations: https://thenextweb.com/hardfork/2019/08/19/vitalik-buterin-e...
Vitalik Buterin: Using Ethereum is expensive, and its blockchain is ‘almost full’
He also said blockchain's 'problem' is that every computer verifies every transaction
Actually Ethereum 2.0 should be “fast enough” for many applications. It’s still going to be doing a global consensus, but at least it will be able to handle actual real world usage - people paying for coffee, let’s say, or voting in elections.
In fact, a major reason that so many ICOs from 2017 were considered scams is that the tokens could not actually be used for their intended purpose. Teams like Kik Messenger discovered this early on and moved away:
https://medium.com/kinblog/kin-pushing-ahead-next-steps-on-t...