rocket2020
- Bitcoin Donations and IRS Form 8283 QuestionsJan 30, 2026
The basis for my suggestion is as follows: As mentioned previously, I would suggest contacting a tax professional with knowledge of your specific tax situation who can give you individualized tax advice. It may come…
- Bitcoin Donations and IRS Form 8283 QuestionsJan 29, 2026
*not tax advice* I understand that the appraised fair market value would be the price of bitcoin times the number of bitcoin you are donating. My advice would be to contract with a tax professional who is familiar with…
As discussed above, if using the script in the OP, you are most likely searching for thousands (or more likely millions/billions) of addresses, and a public block explorer is going to rate limit your searches.
I think he answered that question:
You are assuming the business doesnt ever experience downtime. You are also assuming there are not any edge cases in which the business might not detect the transaction. The OPs script would also help a business audit…
Someone checking "many" addresses would likely be checking mostly "empty" addresses, that is addresses that have no transactions, or that have no unspent inputs. if you have a .csv file with 10,000 addresses it might…
- Understanding death taxes on btcMay 6, 2025
You are discussing how the government might not know about the transfer of coin to a person's heirs, but that does not change the tax liability. I understand what odolvlobo is generally correct. The original cost basis…
My guess is the NFL wants to make it easier for them to sell NFTs, probably so they can either sell tickets this way or sell them as an "upgrade" to tickets as an additional revenue stream. I can't really think of any…
- Understanding UTXO FunctionalityJun 15, 2024
That is not how pruned nodes work. A pruned node will validate the entire blockchain, and derive the UTXO set from the validated blockchain. The difference is that a pruned node will not keep the blockchain data locally.
- Understanding UTXO FunctionalityJun 11, 2024
There will always be edge cases for all engineering problems. Your question is also somewhat ambiguous. If you want to add an address to your wallet after your node has synced, it will be difficult for you to know the…
- Understanding UTXO FunctionalityJun 8, 2024
Most miners have very well-connected nodes that are geographically diverse. The reason for this is that they want to get started on a new block ASAP after a previous block has been found. Similarly, many merchants have…
- Has Dandelion been put into practice?Apr 10, 2023
This sounds like a trade-off of sacrificing security in favor of getting marginal levels of privacy. I am not sure if this has been implemented, but I don't think it is a good idea. There are already plenty of ways to…
- Simultaneous transactions: Can it be done?Nov 24, 2022
Transactions are included in the blockchain in sets. Each block will confirm a set of transactions, and the block will include transactions in the order they choose. It is also not guaranteed that a transaction you…
- Making Money with Solar PowerJul 24, 2022
You can google "mining calculator" to get an estimate as to mining revenue that a miner with a particular amount of hashrate has. There are several calculators out there. If you are mining on an S9, and have free…
So, Nancy Guthrie was recently kidnapped from her home in Arizona, and things got pretty serious when ransom notes popped up, asking for millions in Bitcoin. The FBI is still checking if these notes are legit, but the…
- Donations to OpenSats are now tax-deductibleMay 25, 2020
Charities are not in the business of accumulating money. Their business is to distribute their donations in such a way that furthers their cause. So any donation they receive is going to get spent on either expenses…
- Donations to OpenSats are now tax-deductibleMay 25, 2020
The entity you are donating to will likely convert any coin you give them into USD. They will need to pay their bills and further their cause, which will ultimately be denominated in USD.
- How do court orders handle timed transactions?Dec 23, 2018
If you need to access coin before a nTimeLock has expired, you will be unable to access said coin without the corporation of the other party (specifically regarding a closing LN transaction). If a court has jurisdiction…
- Crypto taxesDec 18, 2018
This depends entirely on the country you are in. In the US, I pay taxes on any income I earn, including when I earn a salary/income and am paid in bitcoin. When I spend my bitcoin, I pay capital gains taxes on the…
With USDT, if tether were to decide to not honor 100 USDT that can be linked to a specific output, it would be best for the entire ecosystem if tether had the ability to prevent those specific outputs from being spent…