janie1984

There should definitely be some concern that Venezuelans are buying so much cryptocurrency, as it might add to the continued downward spiral of the country. It's good that they're looking for stable ways to protect their money (American dollars are considered a stable currency) that are more electronic. Potentially Venezuelans are looking to cryptocurrency as a way to take their money with them when leaving the country, as there is currently a massive exodus of peopel trying to flee from the chaotic nightmare their home country has become.

I don't think it will be taxed like capital or stocks, more likely it will be taxed like currency held for investment purposes. In this style, the currency is taxed based on the realized gains. As an example, if you buy BitCoin at $3,000 USD and then it increased in value to $5,000 USD, you would be taxed on that $2,000 gained. The tax itself is the regular income tax, based on whatever bracket you fall into. Also, of course the government is going to require the value of your cryptocurrency wallet. Based on the current usage of secret banks accounts, however, I think that the amount of people who will disclose their cryptocurrency wallets will be minimal.

Green cryptocurrencies are best just currencies designed to spur growth in solar and wind farms. The point is to create currencies that aren't as power-intensive as BItcoin and are more sustainable. Rather than proof-of-work it relies on proof-of-stake, or basically that rather than fighting each other for the currency everyone must come together. Think of it like a commons almost. In this case we will call the cyrptocurrency a park. Rather than fighting each other for use of a park and using up all the land in the procress, in green cryptocurrency people come together to use the park and in return are rewarded for working together and limiting the amount of resources needed in the park.

I think they're doing the right thing and shame on those investors who aren't reporting their earnings. This is the problem with today's society, rich individuals think it's okay to not fairly report their earnings. It not only hurts ocal citizens who would otherwise benefit from public goods and services, but decreases the trust people have in each other. Isreal is just trying to do right by their citizens.

I think cryptocurrencies work best in a globalized society, which is what the world is becoming. It's easier to spend money around the world when you don't have to worry about being hit with foreign transaction fees and other nonsense. Plus, you don't have to worry about switching between currencies.

This is such a good idea! It brings Bitcoin into the very prestigious and well-appreciated area of charity. Most big businesses and corporations have charitable wings, so by using cryptocurrency for good, it helps to shed a positive light on the currency while benefitting less fortunate people!! As someone who works in the CSR field, I can tell you that doing a good deed like this definitely helps raise awareness. People like to see good being done in the world and will retain those memories of seeing it be done by cryptocurrency.

I think this is an interesting and innovative new idea but I'm not sure about how it will play out over the long-term. BitCoin is still so volitile that it seems a little presumptuous to start issuing loans worth thousands of dollars before the currency has had a chance to cool down and become more stable. It is a good starter method, though, for bringing cryptocurrencies into the real world and become a part of the mainstream financial system.

Whiel it would be nice to start using bitcoin and limit the amount of money being taken from me through bank fees, I dont think it's a ery realitistic option yet. Maybe inmajor metropolitan areas where many people use electronic methods of paying for goods and services aleady, but in developing countries and rural areas of developed countries the idea of using cryptocurrency is laughable. Also, the relaince of electronic methods of payment is very classist and dissaudes people who are less well off from participating in society. If one can't afford a bank account how could they afford to use cryptocurrency when it's so unstable and could put thousands of dollars at risk? The only way to transition to cryptocurrency is for them to become stable first and then offer ways to bring customers who currently don't have bank accounts into the fold.

Based on the latest news developing in the crytpocurrency world, I think South Korea will be the first to create regulation regarding the currency and also be the first ones to use it. They're another country that tends to be ahead of the technological trends and they're very competitive with Japan. Plus they're country has been going through some tumoltuous times so a major change of branding and refocusing people's attention is needed.

Cryptocurrency had a bubble when it really didn't deserve one. Unfortunately, I don't think people have learned anything since 2008 which you can really see in how stock markets and housing markets are trending these days. Bitcoin just happened to be the first of what will be many bubbles popping.

If Bitcoin crashes there won't really be anything to do. Maybe buy some bitcoin just to see if the prices go up again? But in reality if it crashes, it's dead there's no money to be made and anyone who invested in it will be out their investment.

Yes, cryptocurrencies are more of an investment than an actual currency as of right now. When an individual or corporation is making money, they have to pay income or business taxes. Governments also need to tax cryptocurrencies because of the pressure mining operations puts on utilities, people cannot just generate money without having to pay what they owe the government. It's a contribution to society and not something that should be avoided by anyone in the first place.

Honestly, I am not surprised at all that Switzerland has taken a step forward in allowing crypto startups to handle that much in assets. It falls right in line with the Swiss menatlity of protecting rich individual and corporations' interests more than anything else. Look at how much money is being hidden in Swiss bank accounts and it makes so much more sense that Finma would make said decision. These crypto start=ups are just another way for people to hide money from their respective governments and if the Swiss government can make money off of it, of course they'll let it happen.

I think it's very interesting that such a large percentage of freelancers are interested in being paid with crytpocurrencies. It would be very interesting if they had asked some more questions to determine why there's so many people who want to be paid in cryptocurrencies. Is this the beginning of a shift in payments? Do people just view it as a wise investment? Or has crytpocurrencies become such a hot topic that everyone wants to be part of it? There's a lot more to be learned in the freelancers' reponses.

Yes, it reminds me of the global crisis in 2008. That was a major part of my formative years and has made me very skeptical with investing at all to be honest. My family weathered the storm pretty well, but it makes me worry a lot about others and the financial setbacks they face. The volitile nature of BItCoin is making everyone uneasy. I'm a new investor to it and while I think the coin will go up over the long term again, probably settling more around $4500 there's peope who bought it back at like $16,000 and theyre never making that money back.