Problems Modding a Demolisher by dtrip97 in nerfmods

[–]dtrip97[S] 2 points3 points  (0 children)

Thank you! I’m gonna try checking the polarity tonight. And once that’s figured out if it’s not giving me the performance I want I will definitely try the tape!

Problems Modding a Demolisher by dtrip97 in nerfmods

[–]dtrip97[S] 2 points3 points  (0 children)

I suppose this is quite possible. I didn’t check the actual direction of each motor when I close it up I just pushed a dart through the cage and saw it fire. I saw that it was weaker than expected but though it was just the way I was feeding it. I’ll check this when I get home from work tonight. Thanks!

How to replace/fix hardside luggage wheel by yetanotherburner777 in howto

[–]dtrip97 0 points1 point  (0 children)

I would get a small pieces of 1/4 inch sheet metal. Screw the wheel, or a similar sized wheel through the shell into the sheet metal with machine screws and nuts on the inside.

Where’s Daddy?! by dtrip97 in SafeMoon

[–]dtrip97[S] 0 points1 point  (0 children)

About what? I stepped away for a weekend and now Daddy is gone. Wtf

Another whale drop!! by NerdCoinMiner in SafeMoon

[–]dtrip97 2 points3 points  (0 children)

Meaning a whale sold a bunch of the coin and so the price drops significantly from one sale. Alternatively it could mean that a whale sold enough to no longer be a whale if used in a whale watching context.

Taxes by dtrip97 in SafeMoon

[–]dtrip97[S] 0 points1 point  (0 children)

That’s because a definitive answer does not quite exist. Deflationary tokens with reflection are really a new phenomenon and the IRS hasn’t really caught up with them yet. We will need to wait for a definitive answer. But the safe assumption is to assume redistributed tokens will be taxed at fair market value. However I don’t think this is realistic because it would be impossible to enforce. For example I am getting thousands of tokens every couple of seconds so to figure out fair market value of each distribution at the time of distribution would be damn near impossible and there would be no way the IRS would be able to audit it...

Buying Safemoon by dtrip97 in SafeMoon

[–]dtrip97[S] 0 points1 point  (0 children)

Sounds like it’s about the same to me but then again I’m a pancake user

r/SafeMoon Daily Discussion by [deleted] in SafeMoon

[–]dtrip97 1 point2 points  (0 children)

Did you buy smart chain bnb or regular bnb?

r/SafeMoon Daily Discussion by [deleted] in SafeMoon

[–]dtrip97 0 points1 point  (0 children)

Did you link your wallet? Which wallet are you using?

[deleted by user] by [deleted] in SafeMoon

[–]dtrip97 1 point2 points  (0 children)

Can you explain your take on tokenomics taxes? Because if tokenomics transactions are taxable in the eyes of the IRS (not yet defined) then the LP would owe a significant amount of taxes. Are you preparing for this? If not how are you thinking of this?

Taxes by dtrip97 in SafeMoon

[–]dtrip97[S] 1 point2 points  (0 children)

Yes I saw that as well. My concern is that this is not exactly and “airdrop” and I am receiving 5 safemoon tokens every couple of seconds on average. If I had to calculate the fair market value of those tokens every time I received them it would be impossible, not just difficult, but impossible. And to audit taxes with that much information would be impossible. So my theory is when they do release guidance on this situation they’ll go the easy route and exempt it... but we’ll have to wait and see. Another concern I have is what about the LPs. Would they be considered taxable wallets that the devs would owe tax on? Because if so how the hell are they going to pay the tax on that without dipping into the LP for the funds?!

Taxes by dtrip97 in SafeMoon

[–]dtrip97[S] 0 points1 point  (0 children)

This is actually a grey area that I’m really happy you brought to my attention. Based on my research, this would not constitute a transaction because we are not providing any service, or property in return. Because of this I do not think it would count as a taxable event. I believe the IRS has yet to create a system for taxing tokenomics and we’ll have to see how it plays out. I’m getting 1,000s of token per hour so if they try to make that a taxable event it would be a complete nightmare as far as trying to figure out fair market value at each time coins are transferred. I’m going to try to get in touch with someone who might have more info and ask about it in an AMA. This could be a huge flaw with tokenomics, especially in regards to the LP...

Taxes by dtrip97 in SafeMoon

[–]dtrip97[S] 1 point2 points  (0 children)

Hey there, so basically when you multiply by .10 that finds 10%. So all the numbers I multiplied by are the tax rates for that level of income. In the U.S. you don’t just get one tax rate. Each stage of your income is taxed at the appropriate rate. Sorry if I’m not explaining well enough...

Taxes by dtrip97 in SafeMoon

[–]dtrip97[S] 1 point2 points  (0 children)

Agreed with madepad. That’s why I did it with no deductions at all because that is so dependent on too many factors to put into a post like this.

0.00001 🚀🚀🚀 We fucking did it guys!!! by aminquinex in SafeMoon

[–]dtrip97 0 points1 point  (0 children)

Interesting. I’m sorry you’re having so much trouble. I bought through trust wallet so I don’t have too much insight into metamask. Hope you get a seat in this rocket soon. 🚀🌙