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HQ UPDATE 1/13/2020
🕑 Added 2020-01-13 21:33:06 +0000 UTCGood afternoon folks! Well the HITS are coming in like crazy now! Not happy about it but it confirms the work the team is doing is target. The volcano in the Philippines, the Iraq missile strike, the team is quite dialed into the coming of future events.
Dick on YouTube
Dick has had some great commentary on our YouTube channel, the IRS is asking this very ambiguous question on this years 1040. "At any time during 2019, did you receive, sell, send, exchange or otherwise acquire any financial interest in any virtual currency?"
Notice the lack of definition of what "virtual currency" means.
And cryptos appear to be headed into asset categories: crypto-currencies, crypto-commodities, and crypto-securities.
A breakdown of how each term is defined in the bill is listed below:
Crypto-Commodity
In the description of a crypto-commodity, the definition is economic goods or services that a) has full or substantial fungibility, b) the markets treat with no regard for who produced the goods or services, and c) rests on a blockchain or decentralized cryptographic ledger.
Crypto-Currency
Crypto-currency is defined as representations of United States currency or synthetic derivatives resting on a blockchain or decentralized cryptographic ledger. The types that are included in this definition are:
(1) such representations or synthetic derivatives that are reserve-backed digital assets that are fully collateralized in a correspondent banking account, such as stablecoins.
(2) synthetic derivatives that are determined by decentralized oracles or smart contracts; and collateralized by crypto-commodities, other crypto-currencies, or crypto-securities.
Crypto-Security
Crypto-security means all debt, equity, and derivative instruments that rest on a blockchain or decentralized cryptographic ledger, with an exception. For a synthetic derivative that is operated and registered with the Department of the Treasury as a money services business and is operated in compliance with all Bank Secrecy Act and all other Federal anti-money laundering, anti-terrorism, and screening requirements of the Office of Foreign Assets Control and the Financial Crimes Enforcement Network.
This is a very great thing for cryptos since it brings legitimacy to the market. As soon as they've figured out how to tax it then they will let it run.
Sunday Special - Reverse Speech
I hope you all enjoyed our Sunday Special, we are putting some new things into the mix including reverse speech analysis from Edward Riordan. Pretty interesting. If you would like something looked at please send the segment of the video which we can download from YouTube or Vimeo, etc... Limited to 15 minutes or less. We plan to do a whole host of videos, with the current cast of characters like Slick Billy, Obama, Jr Bushy, LeGarde, the list goes on and on. Let's see if the revers matches the talk.
This Week's Featured Crypto Target - Ya'll Asked for It!
Since we've been focusing on the DeFi Network, we wanted to know more about some of the existing big players in the market, where do they fit in? Will they compete or compliment the crypto ecosystem. So we are looking at none other than XRP. Everyone has been asking for it so you're going to really be intrigued by this weeks session. To start off the new year we are going to give everyone access to this important target. We found out a whole new set of information on where this crypto is headed and where it already is...
WooWoo Target
The final target was issued for the woo woo target and now let's what cam back from the team. WE should have it ready for beginning of February with a full documentary production just like we did with the Grand Canyon Target.
Please keep in mind folks we really try very hard to respond to EVERYONE but in the event we don't please understand that we are all working full time on this and regular jobs to make this platform a success. We thank you.
Edd@HQ
Comments
I sure hope not. which indications are there to support this?
I'd really like an update on bitcoin black. I think alot of us entered into a scheme, and it took my money and vanished. Elaborate perhaps
Thank you for the great info about Climate change and Black Rock. I will post it tomorrow in the weekly news section. Thank you for all your contributions. Warm greetings, Rose
Hello dear master chief, thank you for sharing this information here. Thank you for all your contribution. Warm greetings,Rose
Hello dear Rebecca, Ed has posted the definitions on this topic in his update. Basically it is all cryptocurrency. Warm greetings, Rose
https://apnews.com/7eb6a90050b6eceed6a4e8c24f36c892 This is EXACTLY what you have been talking about. HODL y'all and have a much better future then the masses. Man, am I glad that I was pushed in this direction some years ago.
Yeah what’s virtual currency? 🤷🏻♀️ I only know about a bitcoin. 😂
https://twitter.com/KomodoPlatform/status/1214910047710523392?s=19 Komodo is working with eca 😋
What to do with this virtual currency tax? What are you thoughts? What to do when taxes comes around?
Debating if I should be purchasing one large purchase of XRP or dollar cost since we know of some temporal markers of when things will start popping off (banks become custodians, laws being passed, etc). My thinking is we may have until August ish. Dollar cost averaging may be the better way to go.
Good catch Deborah
I noticed that yesterday. Ledger is supposed to be coming out with wallet for it. I’m waiting until I know it can safely be stored and is portable before purchasing.
A while ago there was an rv sesson on Hbar, which at the time was not available for purchase. It is now on the coinmarketcap (rank 132) at about $0.01 USD. Any chance of an updated RV on this coin? Thanks!
