4 results for tag: Ethereum


The IRS Wants to Know about Your Crypto

The IRS really wants to know about your Bitcoins and other Cryptos. It starts at the top of the first page of your Form 1040, where you find the following question right after the spaces for your name and address: At any time during 2021, did you receive, sell, exchange, or otherwise dispose of any financial interest in any virtual currency? At any time during 2021, did you receive, sell, exchange, or otherwise dispose of any financial interest in any virtual currency? All taxpayers must answer this question under penalty of perjury, even those who have never heard of Bitcoin and don’t know what cryptocurrency is. You can’t ...

Another Cryptocurrency Primer of Our Cyber Universe: Who, What, and Why They Differ

Who are the major players I think you should be aware of What’s a DAO (Decentralized Autonomous Organization)? If Cyber Currency is so Great, Why are there so many challenges in the Community? My Crystal Ball The crypto exchange, or digital currently world is complex with a few core leaders and hundreds, if not thousands, of related active alternatives. All are predicated on the concept of the Blockchain or often referred to as the Distributed Ledger Technology (DLT). While the core history of Bitcoin and its related alternatives is fairly accessible via a simplified web search, popular media, and even “analog” books, I have ...

I Am Crypto

I am Crypto and Need to be Free Please, allow me to introduce myself, I am Crypto. I have many names: Bitcoin, Ethereum, Dash, and many others. I am a currency and so much more yet the IRS wants to call me Property. I am fluid and mobile; volunteers freely created me, and I am free to use. I cross borders at the speed of light. I make so many happy yet there are a powerful few who want me caged (forced into a box). I am nimble and evolving. My fans love and embrace me. My detractors want to enslave me with their “Traditional” ways (old fashion). I need to be free. Free to grow, mature, expand, and change as my friends and ...

Cryptocurrency: New Business Model Implementations, Not for Amateurs

The modern world of economics now includes cryptocurrencies where there are lagging, coincident and leading indicators. In the arena of new business model implementations, there are innovators, early adopters, the late majority and the laggards. In the stampede to understand (and hopefully take advantage) cryptocurrencies for financial gain (e.g. Bitcoin, LiteCoin, Ethereum, etc.), I’d suggest the leading indicator for you to be aware of might be that the innovators are cashing out at the expense of the early adopters. This past week when I was in New York City, I overheard a group of doormen and associated service providers discussing “buy...