I believe this is price manipulation. There was a buy wall at 4pm UTC.
I can set up a community forum when I get back. A week or so. Some of the folks here could get admin to manage it. I am not the most knowledgeable with crypto however I know lots of infrastructure.
woot \o/ 20 characte
Look, the government wouldn’t have any more privileged access to your zcash account then they would to your normal bank account, they have the benefit with normal money because your bank account is pretty much always somebody else, and the only reason they would subpoena for it is if you didn’t submit your income information yourself or were suspected of criminal activity, you naughty boy. In which case your bank would comply or if you held the money yourself would be first requested and eventually subpoenaed for the proof of income. The same thing applies to zcash with an online wallet equivalent to a bank and your own wallet (private keys) that you hold. With Bitcoin they don’t even need your consent because it’s all public anyway. Zcash conforms to the same facets required of normal legal tender whilst providing safety from the public eye. Theres no conspiracy here. Anything it puts more of the responsibility of abiding by the laws you’re supposed to abide by anyway in your own hands.
and thats what i dont want, therefor i dont invest in bank products only the necessary minimum also have a offline wallet never trusted online wallet systems because as you mentioned it is the same as the banks also when considered where to dump money bitcoin has been one of the coins i avoided right away u named the reason thats all because our government is scum we pay 55% of our payments to them and you wont get nothing in return health system is before claps education system ruining in “efficient” mode
forecast for pension system predicts it will start to collapse within 20-25 years if nothing happens it is question if my generation will get any of it + every year there are infos like they fraud millions of euros from the treasury if they will have the option to tax crypto in any way they will do it and beliewe me i dont want to pay them a single cent from it
New miner/ZCash Investor, here. I’m super stoked to take part! I wanna thank you guys, because I’ve learned a lot from reading all your comments. I’m excited to be a part of the community. I’ve also read a lot on ZCash and it’s tech and I’ve become a bit of a believer. I’m in it for the long haul, so if there is anything I can do to help this community grow, I’m down! You best believe I’ll upvote or share any good news we receive at the very least!
Up 7.53% today and 10% for the week! Look alive!
I’m with you, Koso. Cryptocurrencies are just that for me: an island on which I can’t be molested by an oppressive state.
Yeah you are on the right pace also with the cold air and geothermal electricity ideal place for a mining farm
but you know what finial they got the first big case closed after almost 23 years 2 people go to jail but the money is gone forever of course bright future ahead (sarcasm)
btw welcome to Zcash i thing everyone will be happy with your contribution here
Now if ZEC can hold this 250ish level for a day or two. That will be our first table.
Will need another table probably around 280ish (maybe 300ish) before it will see a rocket spike. The prior major spikes followed this same pattern (240, 270, then 450). Basically ZEC needs to show some resistance to downward movement after making some gains to make the whales more comfortable buying in again.
I would really like to see it in November but I have a suspicion it might not be until mid December (just before Christmas).
Maybe a year or two ago cryptocurrency was that island but not anymore and you can solely thank btcs tremendous growth for that. Out of reach of the irs? Dont delude yourself because unless your money all travels by carrier pigeon, they can reach you. Y’all go on like crypto is anarchist money which is counter intuitive because the fiber optic tubes and cell towers and communication satellites, the very things cryptocurrency travels on, are Federal property. (More likely you will be trading shiny rocks and pieces of copper pipe for arrows and wild strawberries) I didn’t say i like it or that there arent problems inherent (god knows i don’t agree with income taxes) but the current state of cryptocurrency is just that. The US hasn’t enforced serious regulations yet and I think most of the world is waiting to see what that will be and follow suit in order to remain in good business standing. That means the free for all is about over guys, btc at 7k got it huge amounts of attention and as such, new rules across the board, no longer just this little computer nerd game no one cared about, it is now a big boy game with big boy rules and big boy consequences. Zcash was created to function it that very situation, because any cryptocurrency that cannot function according to these new regulations (which don’t even exist YET) will survive. Things are gonna change guys and Zcash was created to be prepared. (BTW if you havent exceeded 20k in untaxed earnings, you dont have to claim as income, thats the law and if you want to circumvent big brother, read 1984)
Edit- I do agree with heavy income taxes (90%) for large corporations, the way it used to be
He was talking about an island not Iceland.
thx for explanation get confused in my language it is the same
Having that info will be nice when the IRS forces Coinbase to give up all it’s account info.
Don’t misunderstand, I find this all very intellectually stimulating and I’m not trying to offend or belittle anybody, we’re all very intelligent and the only freedom any of us actually has is the ability to form our own conclusion or make our own decisions (most logically based on the evidence we gather from around us).
That happened a month or so ago, but only a handful of people have anything to really worry about i.e. paying taxes. It sucks but like i said, 20k (twenty thousand dollars) in untaxed income is the threshold, alot of casinos on indian reservations have max winnings the 19ks so as to circumvent income taxation for the winner
Edit-
By handful, about 14 000 users out of 12 400 000, the richest 1 in every 885 persons has to pay taxes, its like the spanish inquisition
I was actually thinking of forming a business around mining so I could use the tax laws to my advantage. Being able to show the IRS that I am taking a loss would be very beneficial.
BTCG at 405 and BCH at 1535…ZEC still hanging around 250. Methinks it’s obscure and getting lost in the hype of everything else.
Hahahaha…LMAO!!!
Sorry if my price speculations are a little oblique, more pertaining to futures I suppose
Edit- Making fun of how someone spells something in a different language on a forum that supports international communications just doesnt look very good my friends, dont besmirtch your own name
Do you think that it would be worth being taxed on your cryptocurrency income? Or are we talking building an ice cream shop with supercomputers in the back?