Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
toknormal
on 02/01/2021, 17:22:56 UTC

How is it you need to turn off your masternode for tax purposes when DASH is roughly $90 but seemingly still ran it when DASH was $40 a year ago?

Because tax authorities don't accept unrealised gains as remittence unfortunately, so hodling is not an option for masternodes. Run by running one you are guaranteed a liability of around $2000 a year whether you cash out or not because the revenue is unearned, so it's 99% taxable. It is not compensation for the costs of supporting the Dash network (whereas mining revenue is and so is not exposed to the same statutory selling pressure). The risk of capital loss comes on TOP of all this.

Every alt, except perhaps ETH, has suffered a huge decrease in value vs BTC.

How long are you going to keep this mantra going ? Till 1 BTC per masternode and beyond ? Dash is in a ranking all of its own with respect to the mined list and is plummeting through those rankings. Your theory is that by reducing mining we're somehow ditching "ballast" because we didn't need it and would be more economically efficient without it.

Well be advised it's working the other way around.