Daily Crypto Markets Live Blog: IRS Won't Go After Miner Regardless Of What Bill Says (08/14/21)

in LeoFinance3 years ago

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Here is the post for the Daily Leo Talk. In preparation for the upcoming Microblogging features, this is a good place to start conversations, posts charts, memes, trades, or anything else that comes to mind.

Let us boost our overall numbers by posting lots of comments throughout the day. Spread the word to get others involved.

It is a great way to stimulate engagement.

We can think of this as a Reddit type engagement thread. We are not dealing with long form content so topics of discussion can start off with a top line comment. We can fill in from there.

We are open 24/7/365.

Stay Informed About LEO!

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REMINDER!!!

Collect them #CANDIES before they run out. There is only a limited supply today. Grab them quickly.

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We all need some candies in our lives to go happy. 😂

DONE!

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I grabbed 40.

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Same to Same Task.

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We are on the same daily pace.

See who forgets first. LOL

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I am sure I will be the one. Whenever I miss a day on LMT, I miss my candies :(

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Nope, it was me who forgot yesterday! lol Back to 10. :)

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Done ! Try to never miss it now ! !PIZZA

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Connect

Trade


@taskmaster4450le! I sent you a slice of $PIZZA on behalf of @ykretz.

Learn more about $PIZZA Token at hive.pizza (1/10)

Thanks. I just collected 100 today and I have over 4,000 candies now

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Awesome! Welcome to the club!

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Congrats! Welcome to the 4000 Club.

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Collected 100 - time to start over - again (sigh)

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Candies grabbed!

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A very interesting article on Crypto regulation in South Korea:

Watchdogs: Dog's Life Of South Korean Crypto

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Yea it looks like the heavy regulation is definitely impacting the exchanges.

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I think Leofinance.io should have its own mobile app for blogging, is there is any plan to develop an app by leofinance.io, if yes when it will be released?

Yes was discussed in the AMA. The goal is next 30-45 days.

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Let's hope it will be released soon, really excited to use @Leofinance app on my Android phone

@taskmaster4450le I just checked the post of weekly updates by @leofinance I think it's LeoFi App mentioned there which is under development its a leasing or defi related app i think, but I am talking about leofinance.io I mean an app for blogging and posting content as we are doing on Leofinance.io front end

Checkout under "LeoFinance.io Performance Update". It is mentioned that the mobile app for viewing and publishing content will come out in 30-45 days.

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They mentioned a leofinance app for blogging as well. I can't quite remember where it is, but it should be coming shortly

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It is already under development. Should come in 30-45 days as per the latest update.

https://leofinance.io/@leofinance/leofinance-weekly-dev-update-2

Would be a really cool addition to the Leo Finance App Suite.

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ah there it is heheh
should have checked first

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When it comes out, that will really spark an increase in content creation as you will now have the ability to easily blog on the go!

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Cool stuff, great way to increase exposure and ask the existing community to download and rate it!

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Let's hope it will available as soon as possible to download from Google play store


The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.

The latest Cryptomaniac's Podcast is out.

Even if you delegate out your SPT tokens, it will still count towards your SPS airdrop points. I see it as an easy way to have your SPT working for you if you aren't actively using up your SPT voting power.

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What is the account that you delegate it to?

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You can delegate it to monster-curator. Here is a recent post about more information.

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Thanks my friend.

I did it. Great lead you provided there.

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This Bitcoin rally seems to be fueled by real money at this point. The FOMO leverage positions haven't even begun. If and when that happens, it could be a helluva ride....

https://www.bloomberg.com/news/articles/2021-08-13/bitcoin-s-surge-comes-without-extreme-leverage-of-past-rallies

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Yea it looks like there are a lot of people who are on the sidelines right now due to the FUD from before. Assuming we add in leverage, its very well possible for crypto to moon.

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There are many positing that we will see 6 figured by year end in Bitcoin and some have $200K or $300K on the board.

Leveraged positions would get things flying.

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Exode update. It looks like the alpha might be ending soon.

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Never played Exode. Is it something like Splinterlands?

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No it is a space colonization game.

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Thanks for the info T.

I weigh out all of my options before getting into gaming. I have heard good things about Rabona too.

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I think EXODE is going to be huge; a few year development process but it will get there.

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*error

I briefly skimmed it. Havent had time to read it in detail. That could be another game on Hive that really takes off.

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I hope so as I invested a bit!
It's a cool game too

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Thinking about getting into it as I missed the early Splinterlands. Looks like I was a couple months late in getting my own planet.

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Crypto doomsday? New quantum computer poses 'existential threat' to Ethereum and Bitcoin

Will the research on unbreakable keys protect your investments from Crypto Doomsday?

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Play 2 Earn Blockchain-based games are taking over the crypto industry. Look at the top 4 coins!

E8qSjefVEAA1La.jpg
Source:

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Ah its too bad SPS wasn't even on the top 30 list.

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With the growing attention Splinterlands is getting from outside, I will be not surprised to see it becoming one of the top blockchain games.

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Been trying to find a new other games to join in on I'll need to check this out for some new ones. So far a majority of them I just can't get into.

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What's the reason? I see many games that are still in the development phases and the ones which are already famous, they are too costly to get into.

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Gaming is somthing that will really help to drive crypto adoption in the next few years. Huge market

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Real good article on the Polynetwork hack.

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I honestly preferred the video I saw earlier today.

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That is a really interesting situation. The hacker is a character to say the least.

The proverbial hero or villain.

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No doubt that he's trying to play the 'good guy' role. But I smell something fishy, there's just something about his whole presentation that red flags it for me.

I think he was in fact one smart nefarious character. And the only reason the funds got returned was because he couldn't do shit with them - the accounts were blacklisted.

Not a dumb person by any stretch, but in my opinion his talents are used in a misplaced fashion.

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@forexbrokr

Dane:

Even before noontime....

I just published and linked "Solana (SOL) Pros and Cons". Done mostly in bullet form.

I'm going to go back and find the post of the template to see if I can figure out what is left on this one. 'Maybe' I'll take on one more subsection unless you already have takers.

I'll let you know.

Have a good day!

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(@forexbrokr)

Dane:

Ok, between later today and tomorrow I will cover "How does Solana (SOL) work?". It is presently impossible to tell what has been covered or not (and the lack of comments with people NOT stepping up to claim one [or two] is disheartening).

We really need to get a couple more contributors. Maybe after you (kindly) update the template, @esemeesmith might cover another subsection? Never hurts to ask, right???

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As we use different posts each day, it's hard for me to keep up and update as well.

I've view only shared this page in my Dynalist notes platform that you should just add to your favourites - https://dynalist.io/d/rfCKFVmf00vUVcbss2LLV0cp

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I hear you, there just has to be a better way for all of us working on this to keep up to date what's been covered and what still needs to be done.

I have your list saved so I'm good for now. Yes, I will still cover 'how solana works' tomorrow - its already started and should be finished by mid afternoon (unless the 'Sunday Demotivation Syndrome' hits me).

Let's see if maybe @esmeesmith wants to cover 'what it's used for' - if not and you get no other takers, I guess I'll cover that one too so we can finish this up (Monday!).

Enjoy your Sunday Dane!

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Various cryptos are advertized on every page of LeoFinance. The ads are low-key, which is good. If you've been to faucet sites, you understand why I say that.

I was wondering if it makes sense to write posts about those cryptos? It wouldn't be as long as what's used for @crypto-guides, but it could be enough to let people know to give it a try or to pass on it.

There could be some sort of conflict-of-interest reasoning to not writing about the cryptos advertised, and I can appreciate that.

I was just wondering if it made sense for us to write about them.

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It doesnt hurt in my opinion. I am not sure how much traffic some of those cryptos will generate but, at this point, we are low on the totem pole anyway. We need more keywords ranking.

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A couple of good weekend reads on the way NFTs have turned into memberships to elite digital social clubs, lol.

Do you have FOMO?

;)

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Club memberships-- that's actually a good use for NFTs. That will catch on if it hasn't already.

Before I get FOMO, I need to understand why I should have FOMO; what will I miss out on that I should fear missing out on it? Within the context of NFTs, my technical understanding is still at pebbles and seashells.

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Right now you're missing out on what they're talking about inside this exclusive Discord chat.

Don't you want to know what it is?!

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No I don't. Why would I care about being part of the elite digital social club?

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FB’s supply is capped at 190,700,000, a reference to the sport club’s founding year of 1907. 61% of the total supply is reserved for the treasury, 14% for marketing the token, and 10% for tech development. The final 15% will be sold to fans.

Can someone explain to me what is the point of a 'fan token' with a distribution like that?

(I get from the club's perspective, they get to raise a shitload of money ripping off their sucker customers, but what's in it for the so called 'fans'?)

Isn't this literally just an inefficient version of a membership database?

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15% of 190,700,000 "fan" tokens leaves 28,605,000 tokens for the fans. There is no way they will be worth 1 unit of local currency. Sports fans are notorious for being penny-wise yet pound-foolish, and they will gladly give up their money to "support the team/club."

Or maybe they want the fans to think they own a piece of the team?

For the Green Bay Packers of the National Football League, that's exactly what happened: the team is owned by the community through a stock company. (For a number of reasons which escape me, the NFL instituted rules which make it virtually impossible for the situation to repeat itself.)

The more likely reason is as you said, the club just want to make a ton of money off its fan base. It's almost like the 21st Century replacement for the season ticket (which itself is obscene).

Sports fans as a whole tend to be suckers for sports merchandise or memorabilia.Wait until the NFTs are released.

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With just 15% of the supply put aside for fans, owning these tokens literally means nothing...

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This is just another example of the early entrants using it as a money grab. "Influencers", whether it is teams or individuals, need to think of how to keep enhancing value to their fans/followers/users.

Here we see another system of extraction.

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How will Cub holders be able to participate in IDO?

https://leofinance.io/@khaleelkazi/whqsbfax

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What's the potential for tokenized property? A new report from Moore Global suggests that even if it's slow to catch on, as little as 0.5% of the real estate market converted into digital tokens could be worth as much as $1.4 trillion.

That's huge!

Moore is a global accounting, audit and advisory network of 30000 people across more than 260 independent firms and 110 countries.

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If you want to see what tokenization of real estate can do, all you have to do is look at the Splinterland land plots that have now 30x'd in the last 2 months....and I have a feeling those are just getting started. It would not shock me in the least to see plots going for over $10,000 once they are implemented in the game and people are able to start developing them. You have to remember that a lot of people in crypto have no concept of the value of a dollar. If we're in the midst of another giant bull run, $10k will be pennies to some people. It's going to get crazy...

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I was thinking about picking a plot up, but thought it wouldn't be enough with some people owning dpzens or more.

The one thing this has taught me is GET IN EARLY!

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That is the reality of cryptocurrency.

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The idea of limitation is going to be a thing of the past.

When people understand the ability to push towards the infinite, that will mean we see a radical shift.

There is an infinite amount of money that can be created in cryptocurrency. That means we can boost productivity to an unprecedented level.

Value will follow according to where people go. It is going to be amazing.

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I REIT in crypto from would be AWESOME the not so awesome thing the current way it's trying to be taxed which is total lunacy

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Might have different tax implications since tokens are treated differently by the IRS.

It could be a REIT without using that structure. Perhaps a DAO?

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That is a big step forward. It is a market worth a couple hundred trillion dollars globally. This means there is a lot of tokenization to be done.

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That's true. So much is to be done. Looking forward to see some new players taking on this opportunity.

Tokenization can revolutionize the real estate industry.

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Does this mean that I can own a piece of a penthouse apartment or a modest condominium along with 38,475 other people? How does this work?

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It's more like security tokens used to pay in crypto and sign an agreement through smart contracts for selling and buying for real estate.

And no you cannot own a piece of the property unless it's virtually divided into several NFTs. 😜

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I understand the part about security tokens.

To own a piece of a propetry I would need to buy an NFT. How small is that NFT? Is the NFT defined for one "home," one room, one square foot or square meter, one building?

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Depends upon how it is structured but in theory yes.

Think of an office building in a downtown market. You and the other 38,475 could own a piece of that through your tokens and get paid quarterly based upon the rental income.

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I'm OK sharing a building with 38,475 other people; I was more concerned with the smallest unit I could own as a whole piece (1 bathroom, 1 bedroom, 1 closet, 1 apartment, etc.)

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It will allow the rest of us to get involved in it.

Who wouldnt want a couple tokens in an office building in a downtown market. Even as a flyer of a few dollars, do that a few hundred times across the world.

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That's huge! That's why I'm more and more convinced that tokenization is the future of our socity

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Same here. Tokenize everything. I touch something and it gives me tokens. 👻

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Now that's what I'm talking about!!

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Here is another daily @leomarkettalk.

We are having some good conversations, lets keep it up. A lot of good stuff happening with @leofinance.

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Hello Guys, I hope everyone is having a great day.

Who's excited about the IDO launch?

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I just hope I'll be able to participate this time ! I was 6 days late for CUB's launch, don't want to miss it again ! !PIZZA

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With the token burn you will be able to participate regardless of whether you get in. All of us holding CUB are going to make out very well.

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Better late than never sir. :))

Keep your funds ready. But personally, this time I will be not in a rush. First I will have to check and judge if the first IDO is worth investing in or not. CUBs are too precious to spend on a new token so I will in fact take a few days to see how it performs and what it does.

Thanks for the !PIZZA 🍕

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Well said Fing. We still have no idea what the subject project of the first IDO is! How can anyone make a reasonable investment decision in the absence of even basic information?

Sure as hell I'm not going to piss away my valuable Cubbies on some PooCoin podunk crap.

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Lol, absolutely! Cubbies worth millions of dollars are going to get burned through IDO sales so there's is a decent chance they might go up.

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I personally will probably don't buy anything. If I participate that would only be by installing few of my CUBs in kingdom. Maximum 10% of them !

That's a cool strategy to reduce your risk. All the best buddy!

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Thank you ! Hope you'll earn too ! !PIZZA

@finguru, sorry! You need more $PIZZA to use this command.

The minimum requirement is 20.0 PIZZA liquid, and 0.0 PIZZA staked.

More $PIZZA is available from Hive-Engine or Tribaldex

Connect

Trade


@finguru! I sent you a slice of $PIZZA on behalf of @ykretz.

Learn more about $PIZZA Token at hive.pizza (2/10)

It is very exciting. Even if it is a smaller number, it will be good to get one under the belt as they say.

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That's true. With CUB IDOs, our ecosystem will expand even further. Great to see other projects onboarding Cub Finance.

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A lot of development taking place according to the AMA that was on today.

We will see how long it takes to roll a lot of this stuff out.

It seems the next 2 months will have a lot of changes.

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That's true. It's getting hard to keep up with everything that's happening. Khal and team are on a roll.

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Yea, this 2nd semester is looking very promising!

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I am! Setting some funds aside to jump in it when its out

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I'm thinking I'm gonna sit the first IDO out (or if I get in it it will be with minimal funds). Personally, I'm more interested in getting my hands on Cub Polygon (pLEo???).

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Is it a law if there is no enforcement?

Seems like the government is at odds with itself. The politicians versus the bureaucrats.

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Let them fight each other while we build our own infrastructure

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That is my view on it. We just keep developing while they fight back and forth.

Use the inefficiencies of government to our advantage.

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Lol, IRS and the government are not on the same page. I am sure this law will be abused if some bureaucrat decides to go after the miners.

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We the IRS is the government just different from Congress.

Perhaps they know it is not an enforceable rule.

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Alright! After several days of back and forth, they have realized this. Maybe that's why Bitcoin is rising. ✌

I hope they come up with a workaround to soothe the crypto industry's fears due to this bill.

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I think the industry shrugged it off to be honest with you.

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Well I don't know if they won't go after them or not. It will probably depend on how much money is on the line.

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They won't go after them because they'll lose in court and face setting a precedent that will preclude them from ever doing it again. The only way they use this law in my opinion is if they can add it to other things they're going after someone for. Kind of how the DA's charge people with 10 different crimes and then whittle them all down to the one or two they actually want to prosecute.

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--Or it's used like the seat belt law they use for traffic violations when they can't get someone any other way.

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I have a feeling it will be challenged the second it is signed into law.

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Haha. That's a valid point. They might choose to go after someone citing the law and nab them.

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It's only a law if you get caught!

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As long as they leave us the hell alone, I'm good with it. The crypto-verse will do just fine if they keep their grubby little hands out of it.

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The problem is to leave along means they can unleave it at some point, ie go after people.

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Polygon acquires Hermez Network, a decentralised zk-rollup focused on scaling payments and token transfers on top of #Ethereum. Do you hold MATIC? cuz it's going to go up ✌

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Source:

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MATIC is still vulnerable to rug pulls, as they've shown. I won't be touching that one. I'll stick with CUB and probably look into the new Pulsechain when that comes out. Not your keys, not your crypto and MATIC still holds admin keys on their products. I'm not saying anything bad will happen, but it's definitely still a very real risk. There are better ways to earn yield, many of which are right here in Hive. The best investors in the world don't get too spread out. They learn everything they can about a few things and then go heavy in the ones they believe in.

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Not your keys, not your crypto
That's true. It's a risky game out there and Polygon seems more vulnerable lately. Hacks are imminent and I hope they learn and make the system more immune.

Speaking from the development perspective it's a great news for the development of ZK technology. Everyone wants to lead this game, even Vitalik. It could solve Ethereum's scaling issues in the long term.

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No I really didn't buy any MATIC. I was kind of waiting for that IDO but I didn't feel like jumping into those platforms.

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I was waiting for Polygon CUB IDO but looks like it will be launched after another token.

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I never really got into MATIC... I guess Im missing out on that one but there is so much stuff out there that I'm okay with that

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Do you know there are ways to mine Bitcoin without owning the expensive gear?

Here are the three ways to do it and make some profit:

  • Cloud Mining Services
  • Crypto Lending Services
  • Earn BTC from Centralized Exchanges for Holding it in their wallets

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Each have their advantages and disadvantages. Obviously your depending on someone else to give you your share.

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That's true J. The only advantage is that you don't have to worry about owning and maintaining the setup. Especially when you are no technical. Although the money is not huge but it's something if you keep stacking for a long time.

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I never tried cloud mining myself... have you?

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LOCGame powered by its native token $LOCG partners with NBA star Michael Carter Williams and onboarded him into the metaverse of collectible NFTs.

Every day I keep reading about such news coming out from the sports industry. It is doing a far better job when it comes to adoption.

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Yea, I guess they are banking on the fact that sports fans are prone to collect sports related stuff

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Cublife weekly report is out. We got 55% APR this week.

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Another cool week for Cublife holders. ✌️✌️

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It is becoming a trend.

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I am loving the weekly dividends. Truly one of the best investments I have ever made on hive.

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There are a number of projects like that on **Hive.

Anyone who got involved in SEED sees another project geared towards potential return.

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It is providing a fantastic return. We have to love what that project is doing. Consistent flow of tokens without fail. Also, nothing to do, all passive.

Did you get into SEED too?

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Yea I have 25 SEED tokens right now.

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You are already in the green on them and will be more this week when the price goes up.

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I love passive income and I try to create as many streams as possible

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It is a great way to build wealth. As long as the projects are there, the money will keep rolling in.

Might not be a lot but it is steady.

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An interesting 30 Day content challenge by CTP Community. Best way for anyone to gain momentum on Hive. Personally I find it a little tough to keep posting everyday but I try my best. If you can continue doing it, it's a sure shot way to success.

https://leofinance.io/@clicktrackprofit/the-30-day-content-challenge

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The CTP Community is very active. It is good to see them pushing things forward.

Always fun to see other projects trying to excite their users. It all helps Hive.

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Question.
Apart from tipu, who else gives the delegation rewards to the people who delegate HP?

This is something that most are probably wondering.

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It's interesting to see how much its most likely developer or coding mistakes makes up most of the mistakes.

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Very interesting new project forming. Now sure if it is exactly a game, a community, or a grand plan to take over the world.

Check it out and give your thoughts.

https://leofinance.io/@sinistry/world-domination-a-fun-exercise-in-personal-growth

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This article does a good job explaining some of what it is about and where we stand.

Informative read for all those who are interested in where this is all going.

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