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onebigindian

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onebigindian last won the day on January 30

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  1. So you're saying, simply, that I CANNOT be forced to pay tax? Well, this, unfortunately is the news in India: https://timesofindia.indiatimes.com/business/india-business/bill-to-ban-private-cryptocurrency-likely-in-budget-session-of-parliament/articleshow/80607008.cms
  2. .....since there is no BANK, to speak of, to store your crypto once you've mined it, and since it's not tied to your ID in any way - ie. if you have some Bitcoin on USB drive 1 and some more on USB drive 2, there's no way to tell that it's the same GUY that has them; then I fail to see how you can be Forced to pay taxes, should you choose to avoid them...? ....the government simply doesn't KNOW who has what, right...?
  3. OK, so assume I have to pay somewhere, at a POS terminal, which accepts Bitcoin, and I possess only Ethereum - is it possible that I press my phone against the terminal, it goes "beep", and money auto-gets converted from my Eth to the other guy's Bitcoin, and my wallet gets deducted?? Is such a thing a reality?? I'm talking about all the cryptocurrencies there are, of course.....
  4. What are the Blockchain VIDEO platforms, like lbry.tv ? How do they work? How are they "blockchain" exactly? Does that mean they pay the video CREATORS in cryptocurrency, or does it mean something else??
  5. ie. what you MAKE, fiat-wise, will be MORE than your electricity cost, and hopefully the real estate (rackspace) cost and internet cost? Surely SOMEBODY has done these calculations here?? Will a Nvidia 3090 do it? 80? 70?
  6. 'kay, so does this mean our Taxes our now calculated *auto*, then? Like, every time money comes into our account, it calculates 20% of that or whatever, and zaps it over to our government?? AUTO??
  7. The only people behind my Ice Cream is one little ol' ice cream man, tiny little ME, and one coder HE has hired, who could basically be ANYONE - if HE, OTOH, is Baskin Robbins (ie. a giant corporation), and the coder has been paid 100000000000 Rupees to write the smart contract NOT TO GIVE ME A REFUND COME WHAT MAY, then what happens??
  8. No hang on, there is no way for a guy who doesn't know coding what the smart contract is doing??? ie. there's no .NFO or readme.txt file or something like that - for which we'd have to take the programmer's own word for it ANYWAY, what the thing was DOING, but - no whatthiscontractdoes.txt generated BY the code auto, in some way? (yeah, I know, real Sophisticated Shit!). Sorry, what's "DYOR"?
  9. ...function *I* had called from it? Surely you mean whatever function the guy who CODED it programmed it to do....??? ....and basically any moron can write these "contracts", and activate them? Is there any way to know what one of them is programmed to do BEFORE you interact with it in any way? In a VERIFIABLE way? ...cause anything else is just a RECIPE for trouble...!
  10. OK, so - in the case of smart contracts, ie. where one is involved, I send the money to the smart contract, which then runs software which does whatever, and then maybe decides to send it BACK to me, as in my (dratted! :) ) ice-cream example above? I don't send it to a guy?
  11. When will they add the Bitcoin symbol to the keyboard? ...What about Ethereum and all the other cryptocurrencies?
  12. So how does it come BACK to me, then? Could you elaborate on this?? I'm not really GETTING the whole thing in my head......
  13. When making a payment with Bitcoin etc, is there a concept of an OTP? ie. a random number that comes to your phone, that you have to key in, for Protection??
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