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Matthew P. Schmidt
@smithgift
57
Papist/Writer/Blockchain Dev
Followers
216
Following
22
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Location
Martins Ferry, Ohio
Website
https://www.oandhbooks.com
Created
2016-12-07 16:34
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Wallet
smithgift
steem
6y
RE: The Value Is Always with the Community
I'm not any kind of anarchist or voluntarist, so I have a different perspective. It seems to me that "private property" is an inaccurate description of whatever crypto-assets are supposed to
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smithgift
cryptocurrency
6y
RE: DeFi Tax Series #1 - U.S. Tax Implications of DAI
Apologies for what is a really late reply (I was off steem for a while) but I have one giant tax question. Namely, how are DAOs themselves (including MakerDAO) taxed? Let's take MakerDAO for an example.
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smithgift
dlike
7y
RE: Who is Satoshi Nakamoto
Note that Nash died in 2015, so if he was Satoshi, Satoshi is dead.
smithgift
bitcoin
7y
RE: Get 32 ETH ASAP
That's the exact deposit necessary. No more, no less.
smithgift
crypto
7y
RE: Big News: Kik creates "Defense Fund" to get SEC to change stance on crypto!
FOREX trading does involve capital gains taxes--multiple forms, in fact, depending under what section you elect to treat them under, or the exact nature of the transaction. There are, I believe, exceptions
smithgift
writing
7y
RE: Isekai is not Japanese Europe in a Video Game
In, re: four crop rotation, I'm assuming you've read/are talking about Master of Ragnarok? I've read few isekai, but that one seemed overall tolerable. The world is not given to the protagonist on a silver
smithgift
writing
7y
RE: Mechanical Versus Mythical Magic
It's possible to do both, if that's your goal. Not to toot my own horn, but my The City and the Dungeon has mechanical magic from the perspective of humanity. Just wave your hands in the right way and
smithgift
bitcoin
7y
RE: Tax AMA - 2018 Tax Season - Ask Me Anything
Thanks for the in-depth answer. ETH-WETH is definitely traded in/out 1 for 1. Interesting about PETH. Considering that some people are facing potentially massive capital gains by opening a CDP with
smithgift
bitcoin
7y
RE: Tax AMA - 2018 Tax Season - Ask Me Anything
There are tons of people who are curious about the tax consequences of opening/using a Maker CDP. It's one of the most common questions asked on /r/makerdao and the Maker Rocket Chat. Although I don't
smithgift
writing
8y
RE: Dungeon Samurai Kickstarter is Live!
I was priveledged to be a beta reader on this story and cannot recommend it highly enough. It's got dungeons and samurai, as well as demons, mushroom mages, molemen, faith, and DOKI DOKI. Go back it!
smithgift
bitcoin
8y
RE: Question: What might it mean for tax purposes if Bitcoin is labeled a commodity by the IRS?
I'm not a tax professional, although I do study the stuff. (Paging @cryptotax) My layman's impression is that there's not necessarily a category of "commodity" in the tax code--there's just property,
smithgift
christian-trail
8y
RE: To Comment...or not: An observation.
I have been reading and appreciating^1 your posts, I just think that my small upvote is more helpful than some random comment. But perhaps this will get me posting comments more often. 1: I'd be lying
smithgift
cryptokitties
9y
RE: CryptoKitties are Collectible, Breedable, Adorable and ... TAXABLE!
I kinda thought this, but didn't want to be Gloomy Gus, publican edition. Plus it would only be speculation on my part. The issue is sort of like MTG cards (or any other kind of trading card, really).
smithgift
ico
9y
RE: Chapter Three: The Investors, or who doesn't need protection.
To be a bit of a devil's advocate for the current system, it's objectively measurable whether or not you are as rich as Midas, but not if you have the wisdom not to hug your daughter with your
smithgift
money
9y
RE: **Bitcoin Earned from Mining is Taxable Income - How to Calculate**
All is not lost if you end up paying the Social Security/Medicaid taxes from self-employment (due to making a profit of $400 or more). Half of it can be deducted from your income for income taxes. (The
smithgift
money
9y
RE: Is Bitcoin Gold Taxable in the U.S.?
Could not one argue that, regardless of the value (or lack thereof) of a fork, it's not constructively received yet if Coinbase/Trezor/etc won't support it? Which leads to an interesting conundrum: if
smithgift
money
9y
RE: Is Bitcoin Gold Taxable in the U.S.?
Could not one argue that, regardless of the value (or lack thereof) of a fork, it's not constructively received yet if Coinbase/Trezor/etc won't support it? Which leads to an interesting conundrum: if
smithgift
cryptocurrency
9y
RE: The Quantum FUD of BITCOIN is now written on the wall - While IOTA sits pretty with no concerns at all
Ethereum is potentially quantum-resistant, as is any Turing-Complete cryptocurrency platform/network/whatever-you-call-it. Since you can implement your own cryptography, you can use use quantum-resistant
smithgift
writing
9y
RE: Nominate my book, The City and the Dungeon, on Kindle Scout!
Thanks! Every vote counts.
smithgift
money
9y
RE: The Crypto Tax Series (“E-Book”) October Update
This would be less of a crypto tax post and more of a general tax post, but I'd be interested in reading an article on estimated taxes. Since that's not exactly something that's immediately evident you
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