Go Back   OC3D Forums > [OC3D] General Forums > OC3D News
Reply
 
Thread Tools Display Modes
 
  #11  
Old 04-12-17, 10:30 PM
SPS SPS is offline
Moderator
 
Join Date: May 2011
Location: UK
Posts: 6,277
Quote:
Originally Posted by NeverBackDown View Post
https://www.investopedia.com/article...t-purposes.asp

Doesn't answer your question but it talks about what I said earlier.

The main difference is that Bitcoin is ASIC run and Ether is algorithm run.
ASIC can be infiltrated more easily and is less secure as a blockchain technology vs Ether. In Ether the algotithm is much more robust and advanced.So Bitcoin is predictable whereas Ether's algorithm is not for each block. A while back there were many reports about Bitcoin being hacked and tokens were stolen and was a massive amount of money. Ether doesn't have that problem. Or at least not yet since it's much harder to crack.
Think you're misinformed. Bitcoin could just change the algo and render ASIC cards useless. They can't be predicted, they have to recreate the blockchain history before a transaction is included in the next block in order to spoof it.

Reply With Quote
  #12  
Old 05-12-17, 03:09 PM
GrahamC GrahamC is offline
Newbie
 
Join Date: Jul 2010
Posts: 94
Governments WILL control ALL fiscal transaction or make then illegal just a soon as they become big enough to become a revenue drain to tax raising. Doesn't matter how they operate or by what name they are called.
Reply With Quote
  #13  
Old 07-12-17, 07:09 AM
demonking's Avatar
demonking demonking is offline
OC3D Crew
 
Join Date: Sep 2011
Location: UK
Posts: 957
Governments will eventually illegalise all de-centralised currencies. Their mates in banking get jealous when money is moving around and they don't make anything on it.......
Reply With Quote
  #14  
Old 07-12-17, 07:13 AM
looz's Avatar
looz looz is offline
OC3D Elite
 
Join Date: Feb 2013
Location: Finland
Posts: 1,557
So tax evasion should just be legalised?
__________________
i7 8700k - 16GB - 2060 FE - 660p 1TB + MX500 2TB - HE-4XX w/ Topping D30+A30
Reply With Quote
  #15  
Old 07-12-17, 08:57 AM
SPS SPS is offline
Moderator
 
Join Date: May 2011
Location: UK
Posts: 6,277
Quote:
Originally Posted by looz View Post
So tax evasion should just be legalised?
You have to pay capital gains tax on all profit from Bitcoin now, so I'm not sure what you mean.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump










All times are GMT. The time now is 10:01 AM.
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2020, vBulletin Solutions, Inc.