Gold collapsing. Bitcoin UP.

[cypherdoc]

why are BCH supporters so ignorant? not to mention hypocritical? all you've ever done is bad mouth CSW in an overly obsessed way and now you can't even detect sarcasm when you see it?
[doublepost=1571666513][/doublepost]here, obsess over this, Saboteur:

 

[cypherdoc]

ok, definitely turning the corner on the weekly back UP on hi volume:


[doublepost=1571670422][/doublepost]BSV/BTC turning up as well on hi volume.

otoh, BCH/BTC dead flat:

 

[cypherdoc]

given that the yield curve has inverted, the stock mkt is likely near a top, gold and gold miners are weakening, BTC & BCH both weakening, and BitCoin (BSV) is imo bottoming out (while not getting attacked despite 2G limit) after almost a year of existence, i think BSV is poised to go UP in the face of a downturn in those other markets:

 

[AdrianX]

Why are BSV people so obsessed with Craig Wright?

So @freetrader, are you in or out?

 

[cypherblock]

If you are a U.S. citizen or resident alien, the rules for filing income, estate, and gift tax returns and paying estimated tax are generally the same whether you are...

What did you think about the IRS recent ruling/guidelines regarding forks/airdrops?

I read it as a positive, indicating that regular hardforks like we had with BTC/BCH are not taxable events if you own you own keys. While "airdrops" are taxable as income but require someone actually creating transactions and sending them to your address.

 

[cypherdoc]

>While "airdrops" are taxable as income but require someone actually creating transactions and sending them to your address.

that's an interesting interpretation. can you explain why you think this?

 

[cypherdoc]

for instance, BSV is the biggest mover today of the high volume coins on HitBTC. it's the same on Cryptocurrency Markets:

 

[trinoxol]

I don't know what Roger is talking about with this "BSV does the opposite of what they are saying" narrative that he is espousing since the split. I guess he has to find some reason to not support BSV.

I am happy to see that he is still completely open to jump ship. He just wants something that works. I'm pretty sure that eventually we will join forces again. Hopefully, the demise of all other relevant chains is not too far off. Enough of this waste of time.

 

[cypherblock]

that's an interesting interpretation. can you explain why you think this?

From: https://www.irs.gov/pub/irs-drop/rr-19-24.pdf

"An airdrop is a means of distributing units of a cryptocurrency to the distributed ledger addresses of multiple taxpayers. A hard fork followed by an airdrop results in the distribution of units of the new cryptocurrency to addresses containing the legacy cryptocurrency. However, a hard fork is not always followed by an airdrop.
"
...

Then they clarify via this situation:
"
Situation 1: A holds 50 units of Crypto M, a cryptocurrency. On Date 1, the distributed ledger for Crypto M experiences a hard fork, resulting in the creation of Crypto N. Crypto N is not airdropped or otherwise transferred to an account owned or controlled by A.
...
LAW AND ANALYSIS
...
Situation 1: A did not receive units of the new cryptocurrency, Crypto N, from the hard fork; therefore, A does not have an accession to wealth and does not have gross income under § 61 as a result of the hard fork
"

 

[Zarathustra]

Yep. The US is one of only two countries in the world that do this. The other is Eritrea. The US's messed up tax laws are the primary reason I am still not a citizen. As a permanent resident, I'm still subject to and comply with the relevant ones but I'm not ready to bind myself for life.

It should be noted that 4) above has ever increasing fees and restrictions placed on it. and given current sentiment, I am expecting to see it continue to do so or possibly even be made irrelevant (the US already steps outside its jurisdiction on banking matters so it would not be unprecedented).

'Cause when love is gone, there's always justice.
And when justice is gone, there's always force.
And when force is gone, there's always Mom. Hi Mom!
So hold me, Mom, in your long arms. So hold me,
Mom, in your long arms.
In your automatic arms. Your electronic arms.
In your arms.
So hold me, Mom, in your long arms.
Your petrochemical arms. Your military arms.
In your electronic arms.

 

[bitsko]

https://www.coindesk.com/trump-administration-popped-2017-bitcoin-bubble-ex-cftc-chair-says

 

[cbeast]

I don't know what Roger is talking about with this "BSV does the opposite of what they are saying" narrative that he is espousing since the split. I guess he has to find some reason to not support BSV.

I am happy to see that he is still completely open to jump ship. He just wants something that works. I'm pretty sure that eventually we will join forces again. Hopefully, the demise of all other relevant chains is not too far off. Enough of this waste of time.

I am still unclear what "locking down the protocol means." It was supposedly locked down the first time, yet it was still forked. Miners can always fork if they have Nakamoto consensus. It seems to be just a marketing pitch.

 

[trinoxol]

@cbeast "locking down" means that in practical terms the protocol will no longer experience significant changes. I see no reason to doubt that this will happen with BSV.

BCH clearly does not lock down as a matter of strategy.

 

[cypherblock]

>I see no reason to doubt that this will happen with BSV.

Their current roadmap only goes to Q2 2019, in other words it is already past. Aren't they still making changes? Please share link to new roadmap.

 

[lunar]

@cypherblock looks like that table hasn't been updated in a while.

@shadders wrote several blog posts. Some posted in this thread, here before.

https://bitcoinsv.io/2019/04/17/the-roadmap-to-genesis-part-1/
https://bitcoinsv.io/2019/07/13/quasar-upgrade-24th-july-recommendations-roadmap-to-genesis-part-2/
https://bitcoinsv.io/2019/07/26/utxo-height-based-activation-roadmap-to-genesis-part-3/
https://bitcoinsv.io/2019/07/27/the-return-of-op_return-roadmap-to-genesis-part-4/

Probably easiest is just to watch his latest presentation.


afaiu: Genesis (feb 2020) will be 'almost' set in stone. The dumb difficulty adjustment being tough to remove, until BSV has majority hash.

 

[cypherdoc]

yeah, he said one to two more hard forks needed after February to fix remaining issues. it's a process; the most important thing removing the limit altogether.

 

[cypherdoc]

this is about to widen massively:

https://gasstation-nearme.com/

https://bitcoinblocks.live/

 

[trinoxol]

To me, this "locking down" is about credibility. It is credible that this is what they intend to do. All their words and actions have consistently driven towards that goal.

I don't really care about the concrete time table. They have to do what they have to do.

 

[cypherdoc]

yes, everything they've said and done has indeed driven towards this goal. even the public promises about what happens after February have been explicit, such as the ability for a competitor to hard fork BSV as long as it has the original BCH /BSV split block. actually, the timetable IS important to me; that being the February promised removal of the blocksize limit.

 

[cypherdoc]

the other thing CSW has continued to drive towards is that he IS Satoshi. it's been years now. he's also most likely invested $hundredsofmillions, including that of others, based on this claim:


you'd think the real Satoshi wouldn't stand for this and simply release a signed message with the Genesis block key along the lines of: "CSW is a fraud". that would instantly vaporize most, if not all, the value wrapped around BSV according to the non BSV mouth breathers. that'd teach him and all BSV'ers a lesson. why hasn't he done this? he's dead, did i hear you say? ok, if he's dead, how does CSW uniquely know the dead Satoshi to the point of risking all his money? Satoshi was Dave, did i hear you say? ok, then why was Dave so deferential to CSW in all their communications and why was he in such a poor financial state? at the very least they were co-inventors of BitCoin.