Clain - Miners: No Effect On Bitcoin Price Action

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are cryptocurrency gains taxable - https://Coin.Wblog.io. Dorsey’s African tour comes as social tech giants continue to face criticism over the spread of hate speech and misinformation online. Dorsey announced in October that Twitter would ban political advertising, putting pressure on Facebook to enact a similar policy.

Dash, currently the 13th largest cryptocurrency, has a novel system that allows significant coin holders to run "Masternodes" and vote on governance and budget proposals. Other attempts at distributed democracy have encountered similar problems. But while there are approximately 4,800 Masternodes, each entitled to vote, most proposals toil with less than 1,000 votes for or against.

IMF experience shows that there is a tipping point beyond which coordination around a new currency is exponential. In the Seychelles, for example, dollarization jumped from 20 percent in 2006 to 60 percent in 2008.

Likewise, to maximize returns, a fund holding Dash should operate a Masternode, thereby earning a return on their holdings of about 7.1%. This creates another paradox for large investors. Fund managers are often required to evaluate and participate in shareholder votes. But this runs counter to best-practices for simpler blockchains like Bitcoin, where large and long-term holders generally keep access to their crypto-assets offline in "cold storage," through physically printed printed private keys. For blockchain, that means staking coins. This problem will only grow for investors, as Ethereum also works to develop its "proof-of-stake" network. Such increased levels of participation and profit may also attract the interest of the SEC and FinCEN.

This could restrict their ability to provide credit, or in the extreme case pose a threat to financial stability. In particular, the possibility of large moves from bank deposits to CBDC could reduce the funding and liquidity of commercial banks. This could have wide-ranging implications for monetary policy and financial stability. Some research has suggested that the existence of a CBDC might make the pass-through of monetary policy changes more immediate. But it could also introduce new risks.

Grateful I was able to experience a small part." "Not sure where yet, but I’ll be living here for 3-6 months mid 2020. "Sad to be leaving the continent … for now. Africa will define the future (especially the bitcoin one!)," Dorsey tweeted from Addis Ababa on Wednesday.



Twitter chief Jack Dorsey said this week that he plans to move to Africa for up to six months next year. The tech executive announced the planned move following a month-long trip visiting entrepreneurs on the continent.

For example, there is not (and indeed, in a truly distributed system, cannot be) an official user interface for staking and voting with Dash or EOS coins and tokens; that means end users either need to be comfortable with command-line level network interactions, or have to bootstrap their education through YouTube videos and trust second-hand software, often developed by pseudonymous third-parties. But even if they can get users to care, are cryptocurrency gains taxable blockchain based voting systems face new technical problems.

Virtually all publicly traded companies struggle to get small investors to vote their proxies; while institutions vote their shares, retail investors vote their feet, selling shares of companies they perceive to be poorly governed, rather than fighting to change the system. Users that voted overwhelmingly opposed the change, but only .2% of users voted, so the change went through anyways. Remember when Facebook allowed users to vote on any changes to its privacy policy? Nor is this problem unique to tech companies. To be fair, this isn't really a new problem. And governments have the same problem. For bitcoin definition example, only 27.8% of voters turned out for this June's California primary, despite billions in appropriations through Propositions being on the ballot, and despite a "jungle primary" system that will determine who appears on the ballot in November.

Miners
The definition of miners requires no introduction. Every crypto enthusiast knows that miners compete to produce new bitcoins by solving complex mathematical problems and, are cryptocurrency gains taxable by verifying transactions, make blockchain network secure and trustworthy.

According to GSMA, Nigeria and South Africa have the most, with 85 and 80, respectively. Africa’s tech industry is presently experiencing rapid growth. GSMA, a mobile services industry group, said there were 618 "active tech hubs" on the continent this year, up 40% from 2018.

We have also estimated the mining pools’ aggregate balance - the difference between bitcoin production and transfers to exchanges. The chart indicates a strong growth in mining pools reserves despite dramatic price movements in bitcoin.

Apparently, distributed voting systems on a blockchain are struggling with a problem that governments and corporations already know well--getting out the vote is hard. So far, cryptographic security hasn't made it any easier.