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Showing 16 of 16 results by derekok
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Board Announcements (Altcoins)
Re: [ANN] WaltonChain WTC
by
derekok
on 06/06/2018, 01:04:16 UTC
Major news is inbound on the 8th. You have less than 2 days to get a position in WTC before big money starts taking the price towards $100. China and S Korea on a national level (uniquely in crypto) now openly back and support Waltonchain.

https://www.youtube.com/watch?v=rXRpAsVMKuI
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Topic
Board Announcements (Altcoins)
Re: [ANN] WaltonChain WTC
by
derekok
on 05/06/2018, 01:39:49 UTC

If you dont know how big of a deal this is, consider this:



Indeed, The Great Hall is not only the Legislative House which holds China's national Parliament it is also a very important place for the whole Nation. For a business to be invited here is very special. This shows not only that China has embraced blockchain technology and openness, but also that is trusts and supports Waltonchain. You can't over-state how monumental this is.
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Board Altcoin Discussion
Re: [WARNING] Walton Chain (WTC) is a SCAM
by
derekok
on 13/01/2018, 23:22:51 UTC
from 1 minute spent scanning their website

Your research amounts to a minute scanning a website?? How do you expect to understand a project without reading the whitepaper?

Waltonchain is as legit as Samsung - their latest signing is a deep partnership deal with the State mobile network 'China Mobile' which has 800,000,000 (800M) users.
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Topic
Board Altcoin Discussion
Re: [WARNING] Walton Chain (WTC) is a SCAM
by
derekok
on 08/01/2018, 23:25:21 UTC
Who got a masternode and is running it?
What are the revenue's per day/month/year?

Can I still get a masternode now if I buy 5000 wtc?



Hi, hope this isn't too late for you, price is moving.

YES, 5k will always qualify for a masternode and you can buy anytime into the future.

The main-net has not yet been released - not due till Q1. Only test coins are being mined right now in a superb fully-functioning 1-click miner with regular updates. Check git-hub

In the mean time Waltonchain have decided to do an air-drop for all node holders. Expected to be around 80+wtc

The first mining will be CPU-based. This is because THREE significant contracts have been established to implement WC child-chains for major customers. So these have been prioritized and GPU mining put back by a month or 2 while work on the child-chains is turbo-charged. They are employing 2 new programmers per week.

So 1st mining on mainnet within next 2 months or so - CPU
A few months later - GPU
Ultimately ASIC mining.

If you want a node, now is the time, once the Koreans get their deposits back on their exchanges this part-Korean project will continue it's strong upwards momentum. Revenues will be huge this coin is going way over 10x from here.
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Board Altcoin Discussion
Re: [WARNING] Walton Chain (WTC) is a SCAM
by
derekok
on 03/01/2018, 17:32:24 UTC
Peakfast, oh deary me, very, very dodgy. I see where you get it from. Andy seems a very nice chap.
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Topic
Board Altcoin Discussion
Re: [WARNING] Walton Chain (WTC) is a SCAM
by
derekok
on 03/01/2018, 17:17:11 UTC
I'm not sure if you see a future for yourself in the Party James but this stock-manipulation episode could prove very embarrassing for you should you find yourself in that line of work again. What are your plans for 2022?
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Board Altcoin Discussion
Re: [WARNING] Walton Chain (WTC) is a SCAM
by
derekok
on 03/01/2018, 17:08:29 UTC
wow is WTC really a scam? I'll just buy VEN instead. Damn I liked WTC also.

No it isn't a scam, can't you read?!?

We are just exposing the OP as a serial liar, coin shill and manipulator of coin price. Please keep up. He was banned from their forum and became a stalker.


Waltonchain is as legit as your grandmother.
(and will out-perform VEN in 2018 by a long long margin)
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Board Altcoin Discussion
Re: [WARNING] Walton Chain (WTC) is a SCAM
by
derekok
on 03/01/2018, 16:55:01 UTC
Post
Topic
Board Altcoin Discussion
Re: [WARNING] Walton Chain (WTC) is a SCAM
by
derekok
on 02/01/2018, 15:51:30 UTC
OKaaay.....so that message you see is a standard BCT warning that everyone gets applied to them so don't try to make that legitimise your untruths. Utterly ludicrous! Is that the best you have on Waltoncoin?!! Wow.

Now yes, let's talk about behaving shall we. How about the pm you sent to a WTC investor where you said 'I'm enjoying watching your market cap nose-dive'. I'm mean WTF does that tell us except you are a manipulative liar carrying out a vendetta. And you call on freedom of speech rights to justify that! You are seriously warped.

So 'freedom of speech' allows you to post any made up shit, damage a business, and manipulate the market cap of a coin by spreading outright lies? Is that what civil liberties were fought for? No, and that behaviour is actually illegal, defamation is not a freedom. 

Nobody who has pm'ed you speaks for Waltonchain (another lie): you actually admit yourself they have nobody on BCT in an official capacity!! Contradict yourself much?!? The pm's are from investors who don't like seeing lies spread about a legitimate business. Is that so unbelievable to you? Are you dim?! No, you are just manipulating the situation to meet your own ends of badmouthing a community who saw you for what you are and banned your ass. lol

Walton have no official reps on here because the place is a crypto-joke and full of people like you spreading lies and hype. You think an official account on here adds credibility to a business startup? Jesus.

You are a sham and this thread is a preposterous lie.
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Board Altcoin Discussion
Re: [WARNING] Walton Chain (WTC) is a SCAM
by
derekok
on 01/01/2018, 23:03:30 UTC
You make me laugh. I thought you were informed and above all emotionally detached from the coins but it seems you are just a butt-hurt little child.

So some months ago you got banned from the WTC Slack for acting like a dick and have been running this sad little vendetta ever since. What happened to following your own advice James? 'Don't get emotionally attached to a coin' LOL Your little ego took a knock and it's turned you into a stalker! Do you get out much?!

I can tell from your reply you were butt-hurt again from me exposing you as a BAD caller. Actually not just a bad caller, more a completely hopeless analyser of a white paper and whole swathes of other evidence showing Waltonchain was legit months and months ago.

So you didn't answer the question did you Jamie boy? Do you have any EVIDENCE?
I'll answer that for you - no, you didn't 3 months ago and you don't now.

Now the LATEST UPDATE is you're not even sure it's a scam anymore!! You now say (due to overwhelming evidence) they ARE legit but think it's a 'bad idea'.

LOOOOL

'Bad idea'. I mean, what an analysis, what an incredibly perspicacious breakdown - such logic!

I'll keep this simple as it's evidently what you'll understand: the Chinese Government don't think this is a bad idea.

 Cheesy







Post
Topic
Board Altcoin Discussion
Re: [WARNING] Walton Chain (WTC) is a SCAM
by
derekok
on 29/12/2017, 20:25:28 UTC
I doubt these cowboys will be able to keep the pretence up for much longer.

LOL

Soooooo,

3 months, yes 3 MONTHS down the line and here we are.

Last time I checked they had Official Government partnerships in China, github wallet, confirmed patents, expert senior professor designing chip, boxmining on-site visit.

But you still cry 'Ohhhh what a scam! What a SCAM! Run ladies for your lives!'

Any evidence James?

Any.....evidence?

btw I'm not invested is WTC just interested to know why you continue to lie about them. Something smells very fishy about you now.

Smiley
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Topic
Board Trading Discussion
Re: I dont like daytrading
by
derekok
on 26/12/2017, 12:45:48 UTC
I think you mean you don't like speculating on coins full stop. It's not just day trading but trading which makes you feel strange? Not a problem,  you associate work with profit not sitting at a computer pressing buttons. But that is the modern world, if you see research and trading as work you should come round.  Risk is also a part of it and you can be rewarded for taking that risk which is legitimate.
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Topic
Board Bitcoin Discussion
Re: Is Bitcoin Sound Money?
by
derekok
on 26/12/2017, 12:00:52 UTC
Define 'sound'. I would say no it is not sound because of extreme volatility. That is a game changer, it makes btc investment highly speculative. It is more like gambling with your money at the moment than an investment. Until volatility is tackled it can not be described as sound.
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Board Bitcoin Discussion
Re: Is Bitcoins goal to end governments?
by
derekok
on 26/12/2017, 11:51:58 UTC
The best comparison right now is gold which is an asset. However because bitcoin is essentially un traceable it can be used to avoid tax which could impact a government's fiscal policy.
Post
Topic
Board Economics
Re: tax on bitcoin profits in United Kingdom? [Solved]
by
derekok
on 18/10/2017, 17:39:25 UTC
if anyone KNOWS the answers to what constitutes a trader liable for income tax (CGT is pretty simple) I'd be forever grateful for some input.

Thanks in advance :-)

There is no concrete answer given by HMRC, they simply say each individuals circumstances is examined on a case by case basis.

The list of questions from your accountant reflects this situation. HMRC use 'common sense' (!) to designate trader from speculator.


As I understand it:

For the everyday working person if speculating (ie gambling) on asset/stock moves in your part time you pay no income tax OR CGT on any profits. This would likely be the case so long as you make more money from your working than trading. However if speculating actually is your sole income they will likely decide you are a day-trader and so liable to IT on your trade profits.

Here are some more scenarios: so if you work and speculate twice a week and hold your positions for a few hours at a time they may say you pay no IT on that speculation nor CGT. But if you DON'T work but speculate twice a week holding positions for only a few hours they may decide you are a day-trader liable for IT. Similarly if you work and speculate twice a week but hold positions for weeks at a time they may decide you are investing and need to pay CGT on profits. If you work and trade 20 times per week holding positions for a few hours and make 50% of what you take home from work they may say you pay no IT or CGT on that profit. But if you make 200% of your job income you may be asked to pay IT as they would see you more as a day trader (based on your sucess rate).

Only HMRC can give you your particular answer once you have outlined your position to them and they have looked at the situation based around these general rules.


NB - I am not a tax advisor and have deduced this from HMRC website and may be wrong so seek professional advice for further clarification.
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Topic
Board Trading Discussion
Re: Best EU country to tax profit on crypto currency trading
by
derekok
on 18/10/2017, 17:02:09 UTC
You simply can't do this.

As soon as you buy the property in UK or move back or show any business or personal connection to the country the tax office will deem your move to Germany as tax evasion and will tax your capital gains. If you don't declare your gains (which you are saying you won't) you would likely end up in court charged with tax evasion which is a criminal offence.

You need to clearly understand that you can't evade UK CGT by simply moving out of the country for 6months or even a year then moving back. Any move abroad must be seen to be a complete and permanent severance with you home country. A bank account, property, even a club membership or phone contract still remaining in the UK in your name can mean you are not classed as living abroad by the tax office. If you return to stay or have any business involvement with the UK within say 10 years (there are no hard and fast rules each case is examined individually and even after 20 years you could be considered to be a tax evader) you will become liable for CGT on your gains made abroad.

So you either pay CGT in the UK or you leave for good. There is no option to return. If you have benefited from the UK then maybe you should simply pay your CGT? In the year you need to hold your BTC in Germany before you can sell to be locally CGT-free BTC could de-value by 20% making the whole exercise pointless. In fact you may then decide to move back to the UK and end up paying CGT on the lesser gain so effectively having paid CGT twice!!

Read this to see how seriously HMRC/CPS take this issue and the resources directed to wards uncovering tax evasion.
http://www.cps.gov.uk/news/articles/prosecuting_tax_evasion/




Thank you for this very comprehensive reply. Best info I have found so far on the web. I am planning to take a similar move, but it is very hard to find reliable info.

I am a UK resident *but Italian citizen. I am planning to move to a country with 0% tax on capital gains to withdraw profits made with cryptos and then purchase real estate in the UK with those earnings.

I wonder:

- whether this is possible or any restrictions would apply from the UK govt side
- what countries (in EU or outside) offer 0% taxation on crypto earnings. I hear Malta and Slovenia but can't find any confirmations. Costa Rica and Malaysia look more likely but probably harder to become tax resident of (just speculating).

Any insight would be hugely appreciated!