Quote from: mikeywith on Today at 10:46:16 PM

Quote from: philipma1957 on July 26, 2024, 03:52:13 PM

and we are 138 blocks ahead almost a full day . or in 8 days we are 9 days ahead.

new high looks likely

Yup, the pace is surprisingly holding strong if we assume the 5% drop was caused by underclock, and now we getting a 10-11%, to assume it's indeed a 5-6% increase is just astonishing, with the current numbers and even worse with the coming numbers, I have no freaking clue how do those large miners with a ton of expenses manage to stay in operation, again, American money is just crazy.

Quote from: BitcoinSoloMiner on Today at 07:43:51 AM

the reporting of bitcoin for tax also had alot to do with anti-money laundering and criminal investigations into ransomware. easier to catch the criminals if more of the on-ramp/off-ramp is reported and tracked to individuals

Care to explain in detail how tax and mining difficulty correlate?

He is trying to defend the Dec 31 2017 bill that Trump signed into law in the USA.

He is partially correct as in terms of stopping laundering of money reporting every trade of BTC or any coin on a kyc exchange will hinder sneaking around with crypto coins and making unreported trades. I get that reasoning but it hurt crypto which in turn hurt the market in 2018 which made the difficulty go into a long retreat over 6 months. in late 2018 to mid 2019.

I do not have a problem with the bill except the bill exempted real estate trades which is tRumps primary business. So he sure legit stock people and legit crypto people and helped himself.

BTW If he now has a lot of crypto and stands to make bank on BTC he will pass a bill to help BTC but he does not show his tax returns like presidents and president candidates do. So I have no idea if he is invested in BTC or crypto.

If I knew he had 1 billion in crypto coins I would be inclined to favor him over Harris. as it is now I know zip nada nothing except for the bill he passed in late 2017 which hurt crypto and helped real estate.