🔵 DeFi Exploding, Tax Issues with Staking Rewards, Bitcoin Cash DAA & 8% IFP? EOS Bullish News, LBRY

YouTube link:

00:00 Intro
00:38 LBRY, Decentralized Blockchain-based Video Site
03:15 DEFI (Decentralize Finance)
05:00 Taxes on Staking Rewards
12:11 Bitcoin Cash ABC forced 8% IFP and developer issues regarding DAA
21:33 Bullish on EOS -- 5 Reason I Am Super Bullish on EOS Right Now.
32:48 Final Thoughts

RESOURCES REGARDING: Tax on Staking Rewards
● https://medium.com/proof-of-stake-alliance-posa/proof-of-stake-alliance-posa-supports-call-for-irs-guidance-on-staking-bb8102246d9b

● https://schweikert.house.gov/sites/schweikert.house.gov/files/Final%20Proof%20of%20Stake%20IRS%20Letter%207.29.20.pdf

● What if the value of an airdropped token has value at time of receipt but eventually goes to zero, before you sell it. You still owe taxes on all the moments where you received it when it did have value. This could be frequently, like every single day triggering a tax event. This increases my risk. This also negates my 0% capital gains in Puerto Rico because it’s no longer a capital gain— it’s a “dividend” and taxed at time of receipt instead of taxed at the time of sale. This is more of an issue in a PoS system, because all participants of the system may need to stake in order to keep up with the inflation. Bitcoin miners still have this issue.

RESOURCES REGARDING: Bitcoin Cash ABC forced IFP and developer issues:

● https://twitter.com/Bitcoin_ABC/status/1291333898761273345
● https://medium.com/bitcoin-abc/bitcoin-abcs-plan-for-the-november-2020-upgrade-65fb84c4348f
● https://read.cash/@ralak/rip-abc-we-thank-you-for-your-contribution-in-past-for-bch-dc4f975c
● https://read.cash/@ColinTalksCrypto/bye-abc-845c2c85
● https://read.cash/@jtoomim/dark-secrets-of-the-grasberg-daa-a9239fb6
● https://read.cash/@sha256_88ebd526/bitcoin-cash-bch-november-2020-upgrade-statement-f7c03159

RESOURCES REGARDING: Bullish on EOS -- 5 Reason I Am Super Bullish on EOS Right Now.

● Block.one EOS proxy:
● https://twitter.com/ColinTCrypto/status/1288832757037137923?s=20
● https://news.marketcap.one/breaking-block-one-creates-voting-proxy-on-eos-sub2-b1-and-proxies-85-million-eos/
● https://twitter.com/ColinTCrypto/status/1291163643321749506
●

● “Everything EOS” YouTube channel:
https://www.youtube.com/channel/UCJGfaRx0EzL0u_Wj_nz_CiQ

Disclaimer: This video is not financial or investment advice. Do not buy, sell or trade cryptocurrency, or make any financial decisions based on the content of this video. I am merely sharing what I have done and what I would do in various situations as an educational tool only.

#bitcoin #btc #eos #ethereum #blockone #lbry #staking #defi #crypto #cryptocurrency #news #blockchain #tokens #coins #price

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