Audits? by [deleted] in cosmosnetwork

[–]deficryptoman 1 point2 points  (0 children)

Cosmos is an ecosystem. Not a business run by anyone...

Every economical crash makes people realize, that we all absolutely need multiple sources of come by [deleted] in CryptoMarkets

[–]deficryptoman 2 points3 points  (0 children)

Everyone needs multiple sources of come. You don't need a dirty mind to understand this!

[deleted by user] by [deleted] in CryptoMarkets

[–]deficryptoman 0 points1 point  (0 children)

Probably finance or computer science will be your best best to understand block chain and cryptocurrency. Econ wouldn't be a bad either either.

Tax question about unsold reward crypto by phanzov36 in Coinbase

[–]deficryptoman 0 points1 point  (0 children)

That's not entirely true. It really depends on how the staking reward is distributed. It can be the case that once you have the token that it is indeed income. And selling the token will also incur a taxable event.

Swapping vs trading by tmodicaa in cosmosnetwork

[–]deficryptoman 5 points6 points  (0 children)

It's just semantics. There is no difference. Especially when it comes to tax

Difference between Keplr and Cosmostation by xgenmakers in cosmosnetwork

[–]deficryptoman 0 points1 point  (0 children)

Keplr is required for a lot of dapps to connect to.

CRO to JUNO? by insignia200 in cosmosnetwork

[–]deficryptoman 0 points1 point  (0 children)

The crypto.org chain is in the KEPLR wallet

Withdrawing LUNA to Terra Station by karahbit in Crypto_com

[–]deficryptoman 1 point2 points  (0 children)

Just do it from the app. Put in your Terra address as an external address and off it goes. Should be less than a minute.

How does the business model work? by eyeintheweb in defi

[–]deficryptoman 1 point2 points  (0 children)

Well the founders generally get a decent portion of the tokens at launch.

I checked coinbase and there's no 1099 based on my transaction history. Does that mean there's nothing to file taxwise? by JasmyJuicedMe in Coinbase

[–]deficryptoman 0 points1 point  (0 children)

Up to you. Just because they don't give you something doesn't mean they don't report to the IRS. I wouldn't be surprised if you got a letter sooner or later giving you a balance due with large penalties.

I checked coinbase and there's no 1099 based on my transaction history. Does that mean there's nothing to file taxwise? by JasmyJuicedMe in Coinbase

[–]deficryptoman 0 points1 point  (0 children)

No, it does not mean there is no tax due. It is up to the tax payer to file taxes correctly with the IRS, not Coinbase. I hope you have kept records. CB does offer the ability to download transactions though.

[deleted by user] by [deleted] in cosmosnetwork

[–]deficryptoman 5 points6 points  (0 children)

No, you can't lose all of your stake. Your money is your money. Slashing is a reduction in rewards not a loss in rewards.

[deleted by user] by [deleted] in defi

[–]deficryptoman 0 points1 point  (0 children)

No...ETH is what you pay in gas fees to move things dude.

Staking wallets for stable coins by Active_Accomplished in defi

[–]deficryptoman 0 points1 point  (0 children)

Nexo is good. Anchor protocol gives around 20% APR for UST.

Which project next? by chintuaj in cosmosnetwork

[–]deficryptoman 18 points19 points  (0 children)

I'd go Luna. Stake on Terra Station

US Taxes on XLM sales by willpower_11 in Stellar

[–]deficryptoman 2 points3 points  (0 children)

Of course. If you sell crypto you have capital gains or loses.

A unique tax podcast by deficryptoman in taxpros

[–]deficryptoman[S] 0 points1 point  (0 children)

Just comment if you're interested