NameSilo

Will you accept Central Bank Digital Currency? (CBDC)

Labeled as discuss in Domain Buying and Domain Purchases, started by DanSanchez, Jul 11, 2021

Replies:
87
Views:
5,114

?

Will you accept CBDCs for your domains?

  1. Yes!

    31.0%
  2. Maybe

    23.8%
  3. No!

    45.2%
Total: 42 vote(s)
  1. jhm

    jhm Glazed

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    The purpose of cryptocurrency is supposed to be decentralised. Otherwise, stay with fiat. The idea that the government are doing a "central bank digital currency", essentially ...they want to draw you back in. In crypto, you are supposed to "own your private key", without the trust of an oracle / 3rd party
     
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  2. alcy

    alcy Top Contributor VIP

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    first..I wanna thank all registrars that take or pay in btc..but this now belongs to museum next to the dino

    plz I appeal to all registrars to pick one solid stable coin and use it instead of btc.

    stablecoins are the evolution of crypto..the next step.. plz friends.. do keep up

    ty.
     
  3. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    deleted
     
    Last edited: Aug 6, 2021
  4. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    I see no reason not to accept any kind of payment



    as far as I know in Germany Cryptos are treated as currencies when it comes to taxes
    means after a holding period of 1 year they are income tax free
    - as far as I know


    there exist ATM s for BTC

    so I guess you are mistaken in a lot of hinsight


    they are printing dollars and euro and add no value other than paper

    there will be never more than 21.000.000 BTC

    if that doesn't convince you
    a 5 year old will get it





    BTC is very liquid - you sell it any time - every second

    oh yeah
     
    Last edited: Aug 6, 2021
  5. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

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    Everything I stated was correct. In the US, where I reside, crypto is treated as property not a currency.

    Any use where a gain (or loss) is made is a taxable event and must be reported (if over a certain threshold).

    The reason you see some ATM, even in the US, is that exchanging fiat for crypto is not a taxable event, but any gain via sale or usage is.

    https://www.irs.gov/individuals/int...ed-questions-on-virtual-currency-transactions

    Q2. How is virtual currency treated for Federal income tax purposes?

    A2. Virtual currency is treated as property and general tax principles applicable to property transactions apply to transactions using virtual currency. For more information on the tax treatment of virtual currency, see Notice 2014-21. For more information on the tax treatment of property transactions, see Publication 544, Sales and Other Dispositions of Assets.


    Rarity does not automatically translate to value, especially when that 21 million can be split up into essentially unlimited pieces.

    I could take a shit in a box then take a picture of it and sell it as a 1/1 NFT....Hey, it is rare.

    Brad
     
    Last edited: Aug 6, 2021
  6. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    true

    but in the case of BTC it does

    and I really hate to tell you
    but BTC acts worldwide

    the US laws
    won't effect BTC much
     
    Last edited: Aug 6, 2021
  7. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

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    Yeah, for now. Who knows what the future brings.

    There are still risks. Countries could basically regulate it out of existence if they wanted to.
    Right now the entire crypto market is less than the market cap of major companies like Apple.

    If it ever does get to a point where it starts to hurt the governments fiat dominance, I think you will likely see them take drastic actions.

    I do have some holdings, just as a hedge, but I don't think crypto is going to take over the world.

    Brad
     
    Last edited: Aug 6, 2021
  8. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

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    What the US does has a lot more relevance around the world that what Germany does. :)

    Brad
     
    Last edited: Aug 6, 2021
  9. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    yes we can only guess
    at the time being

    but I see this:
    companies adding millions even billions of BTC to their balance sheet
    tesla , square and many others

    Ecuador is accepting BTC for governmental payments

    Countries try to emulate BTC s success


    21.000.000 BTC never ever more ..
    you -well not you- but me - bet it will go to the moon
     
    Last edited: Aug 6, 2021
  10. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    yes for now

    but not to china aka asia
     
  11. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

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    Yeah, yeah...everything is going to the moon.
    (Diamond)(Hands)(Rocket)(Moon)

    Shitcoins, meme stocks, NFT, etc... That is the type of nonsense you get from pumpers.

    Could it go up? Sure. To act like any of this stuff is a guarantee is ridiculous.

    Brad
     
    Last edited: Aug 6, 2021
  12. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    I'm not talking about warranties
    I'm talking about likelyhood

    I'm sure you can grasp the concept

    all the best to you Brad

    PS my name is frank not rob
     
    Last edited: Aug 6, 2021
  13. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

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    No offense, but any time anyone uses terms like "to the moon" in a non-ironic way when it comes to investments it makes me think of an unsophisticated investor... the type of person that would yell "YOLO" in a non-ironic way before they do something stupid.

    I mean people can fall ass backwards into money even while making poorly reasoned decisions, but most of the people saying things like "to the moon" don't know anything about finance in general. They just get their cues by following whatever the crowd is doing on Wall Street Bets and similar pumping sites.

    I have seen discussions where people think GameStop stock is going to hit a million a share, or that Apple stock is underpriced because it is trading at $125 a share and Amazon is trading at $3000, completely unaware of things like market cap which factors in outstanding number of shares.

    Brad
     
    Last edited: Aug 6, 2021

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