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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: maceng2 who wrote (175515)7/29/2021 9:11:04 AM
From: TobagoJack  Respond to of 217769
 
Progress …

bloomberg.com

Internet Computer Token Still Gains Developers, Users After Market Cap Tumble

Olga Kharif
July 29, 2021, 3:48 AM GMT+8
Internet Computer, known for the dizzying rise and fall of its cryptocurrency’s market value, is seeing traction with users and developers.

Internet Computer has attracted 500 developers and nearly 250,000 users of its applications in just 10 weeks after launch, according to the Dfinity Foundation, which runs the project. Apps that are already up and running on the network include ones similar to Reddit, WhatsApp, LinkedIn and Medium, as well as various finance-related projects, the foundation said.

“Our estimate is that the Internet Computer will have significantly greater DAU than the rest of blockchain by the end of year,” Dominic Williams, founder of Zurich, Switzerland-based Dfinity said, referring to daily active users.

Following the debut of Internet Computer Price, or ICP, in May, the token’s market cap surged past $45 billion, but dropped more than 80% by the end of that month, according to CoinMarketCap. It’s now worth $5.7 billion.

Market Cap PlungeValue of ICP token

Source: CoinMarketCap.com

The token and related digital ledger were designed to help anyone -- software developers or content creators -- publish anything they want on the internet without having to go through digital giants like Facebook Inc. or use servers or commercial cloud services like that from Amazon.com Inc. The idea is to avoid corporate gatekeepers, reduce costs, and build services that can compete with tech titans.

Internet Computer is just one of many new networks trying to compete with bigger rival Ethereum, which is widely used for apps like so-called decentralized-finance projects that let users lend, trade and borrow without intermediaries like banks. While its cryptocurrency was just launched in May, the project has been in development for several years.

“Not only do I think it has excellent prospects for success and a top team with plenty of resources, I think it could be a transformative endeavor to take the Internet back from big IT companies like Google, Facebook and Amazon,” said Aaron Brown, who is an investor in the project and also writes for Bloomberg Opinion. “On the other hand, those are formidable competitors with their own top teams and far more resources.

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To: maceng2 who wrote (175515)7/29/2021 9:14:40 AM
From: TobagoJack  Respond to of 217769
 
‘They’ seem scrounging and desperate, and / or greedy and needy

bloomberg.com

Senators Eye Cryptocurrency Taxes to Fund Infrastructure Plan

Laura Davison
July 29, 2021, 8:16 AM GMT+8
Follow @crypto Twitter for the latest news.

The Senate’s bipartisan infrastructure deal envisions imposing stricter rules on cryptocurrency investors to collect more taxes to fund a portion of the $550 billion investment into transportation and power systems.

The provisions would raise an additional $28 billion from cryptocurrency transactions, according to a summary of the plan. The proposal would impose more rules on crypto brokers to report transactions of digital assets, including virtual currencies, to the Internal Revenue Service. It would also require businesses to report crypto transactions of more than $10,000.

The cryptocurrency measures were last-minute additions to the infrastructure deal announced Wednesday after weeks of haggling between Republicans and Democrats over what spending to include in the deal and how to pay for it. Imposing more scrutiny on cryptocurrency trades has been a priority for members of both parties, including President Joe Biden’s Treasury Department, and Senator Rob Portman of Ohio, the lead Republican in the infrastructure talks.

The Treasury, in a May report on tax-enforcement proposals, said that additional measures on crypto assets are necessary “to minimize the incentives and opportunity to shift income out of the new information reporting regime.” Cash transactions in excess of $10,000 are already subject to IRS reporting requirements.

Portman said concerns about the transparency of cryptocurrency have been building in Congress for some time and that is why the measure was added to the deal. “Everybody’s been talking about the appropriate way to provide more reporting in particular and that leads to better compliance,” he told reporters on Wednesday night.

Read More: Senators Eye Cryptocurrency Taxes to Fund Infrastructure Plan

The proposal comes as IRS enforcement officials say that cyptocurrency is increasingly becoming an area for tax cheats to hide income from the federal government. The IRS in 2020 added a line about cryptocurrency on Form 1040, the individual tax return, in an effort to gain more visibility into virtual currency transactions.

Some executives in the cryptocurrency industry reacted negatively to the proposal and said certain companies that would seem to fall under the provision don’t have the ability to collect the information that it calls for.

“It’s hugely problematic,” said Kristin Smith, executive director of the Blockchain Association, a Washington-based trade group, arguing that the provision could push some companies overseas. “We’re pushing every lever right now to change it.”

— With assistance by Colin Wilhelm, Allyson Versprille, Kaustuv Basu, Joe Light, and Erik Wasson

(Updates with Portman comment, Blockchain Association reaction, from fifth paragraph.)

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To: maceng2 who wrote (175515)7/29/2021 3:08:40 PM
From: sense  Respond to of 217769
 
...censure to any normal human activity is worth noting.

Agree. And, not only in a generic sense of considering that... it being both narrowly and broadly true.

There's always a reason that "they" have.... for trying to control your behaviors and your choices...

And, figuring that out really isn't rocket science ? Bureaucracies tend to be not all that subtle ? By their nature... they are more or less incapable of subtlety ? Of course, a lot of people are incapable of subtlety, and incapable of recognizing it, or the lack of it... and any of what that likely means ?

What is the point of their attempted imposition of censorship...today... violating First Amendment rights ?

They don't randomly choose "what you are not allowed to talk about" ?

What you are not allowed to talk about... is truths... the awareness of which does not benefit them...

Truths that don't benefit them... become "lies" and "conspiracy theories"... ?

Everything they are doing... is based on "the big lie"... and their expectation that they will be able to sustain the lie... no matter what...

Global warming... provides a perfect case in point... that exposes every element in how (and why) they lie... and persist in lying... even when the facts prove they are lying... They lie to win power. Redirecting flows of money is a part of that... as exploiting those who are easily corrupted by money is no great challenge...

But, to persist... they also have to destroy integrity... generally... ? And, success in that effort, obviously, tends to becomes self defeating... as it must... when policy is based in lies... and everyone believes the lies... the lies told corrupt choices and behavior... but they don't change reality ? Disconnects result.

America is evil... and racist ? LOL!!!

Police are the problem... not a surplus of criminals... or a corrupt culture that fosters them ?

What controls outcomes... is found in the boundary issues between truth and lies...

Those who found positions based in truth.... have intrinsic advantages... as "the tilt of the playing field" on which a competition occurs... is not a malleable function of choice... but of alignment of ones choices with truth...

That competition, currently, will play out in context of the control of the media... who believe truth is what they say it to be... independent of what is really true...

"Normal human activity"... seems a simple enough container ? But, of course, that is fertile breeding ground for the divisions imposed between "choice" and "what nature requires is true"... ?

Most of our modern conflicts have origins that can be resolved around that argument.

Slavery, of course, intrinsically being one "normal human activity" ? That's just a truth... historically... only, it is not a truth that finds any limits in history ? But, if you win the power to control "the truth" by simply lying about it... you can re-impose slavery by lying about the fact that's what you are doing ?

That slavery... only in considering it as a western economic institution... has been eliminated in the last century and a half... does not mean that all the possible parallels in the evils of slavery are defeated... and not simply adopting new forms... and other means... of imposing ownership and control over others ?

Marijuana was outlawed, in the U.S., as a means of lawfare suppressing the black population ?

Abortion was legalized, in the U.S., as a means of healthcare exterminating the black population ?

The "end" of slavery... did not end racism... but, neither did it end "normal human activity" in some posturing as having every right, as well as the power, to act as the owners of others...



To: maceng2 who wrote (175515)7/29/2021 6:32:10 PM
From: sense1 Recommendation

Recommended By
Maurice Winn

  Read Replies (1) | Respond to of 217769
 
something is in the air. Not sure what's is going to be yet...

The world is divided into two camps...

Those that support freedom and free markets as the economic expression of freedom enabled by a free people... and those that support various "alternatives" to free markets, as fascism, socialism, communism and capitalism... and their shared expressions in monopoly, mercantilism, corruption, and fraud.

A free market means: no fraud, no monopoly, and no obstructions to participation... each of which are goals and primary purposes of capitalism as means and ends... but, with variation in means and ends, not just capitalism. A state monopoly not better than a private monopoly in fostering advantage... or curtailing it ?
No difference between communists and kings... is true both ideologically and historically. Either you believe that people are legitimately made the property of others, or are the property of the state... or you believe that people are the property of themselves, only, and no one else. Private owners who are slave holders [and those do exist again, today, as the "imperialism" of western values fails]... are not the only ones who want to own you... or the only ones who think they have a right to own you...

Years and years ago... people with health issues would be told to move to Arizona. Because, in Arizona, there was nothing but desert. The need for those with health problems to escape being constantly assaulted by unknown allergens created in the modern landscape... in places where you can plant things and have them just grow... left the best options being to live in the desert, where stuff doesn't "just grow"... or else live at sea, on a ship... for the same reason.

Today, Arizona isn't a good option anymore, for those with health issues. Dams were built, and water made available... and those people who moved to Arizona to escape the pollen... began bringing the landscape they'd left behind in their escape to Arizona... along to Arizona, with them... where, in the heat with adequate water... the vegetation is only more prolific in its production of pollen.

A similar issue is occurring in America, today, where America's Founders, having once deliberately left the failed legacy of European ideas of "ownership of others" behind, when moving to America... declared that separation quite clearly... But, today, those failed ideas are making a attempted comeback... by means of monopoly, mercantilism, corruption, and fraud... as you might expect they would ?

The pollen has long since made it to Arizona. The rest of it... not so much... ?