5 March 2023, Sunday.

Bitcoin saw a modest increase of 1.8% in the past 24 hours as of Dec. 9, 2023. Meanwhile, more than 17 crypto assets experienced much larger gains, ranging from 7% to over 35% in the same timeframe. Despite this rise in various altcoins against the

#Blockchain #Crypto

What’s an NFT?

Lately, you may be thinking, what exactly is an NFT?

I think I’ve figured it out after literally hours of reading. So let me share that knowledge with you. You might end up being a crypto millionaire after all.

Let’s start with the fundamentals:

NFT stands for Non- Fungible -Token. Still nothing? Well, I can’t blame you for that! “Non-fungible” signifies that it is one-of-a-kind and cannot be substituted with anything else. A bitcoin, for example, is fungible — swap one for another and you’ll get precisely an identical item, if Bitcoin confused you just think of dollar, basically, it’s a fungible item, you can trade it, swap it but you’ll still get the same item after all. On the other hand, a one-of-a-kind trade card is non-fungible. You’d get something altogether different if you swapped it for a different card.

Most NFTs are, part of the blockchain, especially the Ethereum blockchain, as most of them are minted there. Ethereum, like Bitcoin or Solana, is a cryptocurrency, but its blockchain also enables these NFTs, which hold additional information that allows them to function differently from, say, an ETH coin. It should be noted that other blockchains can implement their own forms of NFTs. Like Solana, which at the moment is number 2 in most minted NFT’s.

But what exactly is an NFT? An NFT can be literally anything, such as a collage of small photographs, a space kitten with a rainbow trail, a JPEG of various variations of apes, a music song, or even a virtual place in the metaverse. The possibilities for what an NFT can be are nearly limitless.

Now that you know more about NFTs, you must be wondering where you can buy those fancy items of digital art. In a marketplace, not the one on Facebook, you won’t find anything there. Just like there is a marketplace where physical art is traded, like paintings or jewelry, in the same way, there is a marketplace where you can buy an NFT. Opensea is the world’s first and largest NFT marketplace at the moment.

Why is the value of NFTs so high? Art can have countless copies, but only one original work. That is what makes the original painting valuable and irreplaceable. Let me give you another analogy. If you come into possession of the “Mona Lisa” but want to ensure that it is the original and not a copy, you will hire an expert to do his work and verify that the painting is, in fact, the original.If you want to make sure that the painting is the original and not a copy, you will hire an expert to do the work and verify that the painting is indeed the original. Well, with NFTs, that is not necessary because from the moment an NFT gets minted on the blockchain, the NFT will have a unique cryptographic id that will make it unique, and since the blockchain is a “shared ledger,” let’s say that everyone can have a look, that means that anyone and from anywhere can instantly verify the validity and uniqueness of the digital art.

How do you sell NFTs? Essentially, you’ll post your work to a marketplace and then follow the procedures to convert it into an NFT. You will be able to offer specifications such as a task description and a proposed cost. The majority of NFTs are acquired using Ethereum. However, they may also be purchased with other ERC-20 tokens, but that is something that we will discuss in another article.

How do you make an NFT? An NFT can be created by anyone, literally anyone. All you need is a digital wallet like Metamask or Trust wallet, a small amount of Ethereum, and access to an NFT marketplace where you can upload and convert your work into an NFT or crypto art. Isn’t it simple?

Disclaimer: All information in this blog post is provided only for informational reasons. My views are entirely my own. I make no guarantees about the information’s correctness, completeness, applicability, or validity. I shall not be held accountable for any mistakes, omissions, losses, or damages resulting from its presentation or usage. All information is supplied “as is,” with no guarantees and no rights conferred. I am not a financial advisor, and this is not financial advice.

USE my referral link: https://accounts.binance.com/en/register?ref=65793626&utm_campaign=web_share_copy

USE my referral link https://crypto.com/app/3yzhhwsejv to sign up for Crypto.com and we both get $25 USD :)

Play this game of thrones mobile game using womplay app and earn EOS cryptocurrency plus win free nfts.

Build an empire and control the seven kingdoms, the game is fun to play and will keep you entertained for many hours.

Download - https://moneylinks.me/womplay

El Salvador’s Bitcoin Adoption Starts To Pay Off, Profits Exceed $3.6 Million

Share this article El Salvador, the first country to adopt Bitcoin as legal tender, reports profits from its investment in the cryptocurrency. El Salvador president, Nayib Bukele, announced on Monday that his country had profited more than $3.6 million from its bitcoin investment, the cryptocurrency it adopted as legal tender last September. Bukele said that his government had bought 550…

View On WordPress

You know, the entire US economic system is so messed up and so is a lot of your views of it (and I mean on both sides, I also include myself in this since I often don't realize until I *really* think about it) but like. Let's start by talking about taxes. There was a post going around lately that was like

Anyways this is not true. You can deduct INTEREST on mortgage from your taxes. Not mortgage itself. And for renters, in 23 states you can do the same. It's meant to be an offset for property taxes, which, in case you didn't know, are INSANE. Like my family pays more taxes on our house and property then on THE ENTIRE REST OF OUT TAXES, and we're in the top tax bracket. They don't tax you nearly enough on your ACTUAL INCOME but tax you way to much on your property and stock. It's basically based on, if you sold everything right now, what would we then be able to tax you. It's not measuring how much you make on a year to year basis, it's measuring how much you managed to save up over a long period in order to buy your big household a home that has enough space for everyone. It's definitely possible with housing/property taxes for them to cost so much that you can no longer afford your house and land, that you reasonably worked and saved up for. That's kind of unfair. Especially if you bought it when housing was cheap, and since the value on such things has gone up, so have your taxes. You weren't spending an insane amount of money on it. But now it's worth about 1.1 million and you've gotta move out or pay taxes on that. That's a thing that happens.

And meanwhile, a mega rich person who loves the city and therefore doesn't bother with a lot of land is taxed less than the moderately well off person in the previous example.

So the tax system is messed up, people need to pay more based on their actual income and less based on their homes.

Oh another thing with taxes is you know how charitable donations are tax deductible? Yeah only to a certain amount, meaning that there is no incentive for rich people to donate the proper amount given their income. Yes, I think they should give regardless of whether they're going to be rewarded for it, but people who hoard THAT MUCH money are selfish, and they're not going to. My family is not even that rich (dad worth something in the 10s of millions) but the amount we give (no big deal for us) is ALREADY well above the amount you can deduct from taxes. And we don't mind, but the super rich? Do you think they're going to go out of their way to support causes with anything more than petty cash and not be rewarded for it? They're not.

Ultimately, they shouldn't have such extravagant amounts of money in the first place, since they didn't work for it. My dad, which I mentioned previously, works 10+ hours a day, often including weekends. That's real work. His field is high paid and he in particular is high paid since he's the only one who can do what he does, and he gets extra for INVENTING most of the things his companies are based on, which he, you know SPENDS TIME STUDYING AND WORKING ON AND CREATING. He's not making tons of money just by owning something. That's wrong. All that excess cash should be going to the people who actually do the work.

And I think for the most part everyone acknowledges this, but y'all talking about killing the 1% doesn't realize how broad the 1% is. That includes doctors, lawyers, high level computer scientists, that WORK for their living, and are not exploiting you. Who you're looking to target is the owners, the people who hoard billions or trillions of dollars in wealth. Do you even know how much a trillion is? Let's say you take a rich person worth about 10 million. Ok how much more does someone worth a trillion make? They make 100,000 times more. What can you afford these days with 10 million? A nice house, decent cars for the household members that drive, some land, the ability to not worry about medical bills and to pay for college, plus a bit extra to save or give to charity. How nice. A lot of people don't have that privilege. What about 1 trillion? There is not a house in existence that will make a dent in your finances. You could send your children to any college they want for their whole lives and not make a dent in your finances. You could buy companies on a whim with almost no consequence. It's not right. It's especially not right when other people have trouble paying for both rent and groceries.

If we redistributed the 8 richest people's wealth (the 8 of them have more money than the poorest HALF of the planet combined), you all could afford a home, food, a good education, and have a reasonable amount left over.

And this is why, even growing up rich, I'm such a communist. It is not a fever dream for us ALL to be able to live, comfortable, reasonable lives. The current wealth in the world redistributed, and suddenly everyone could live like I do. It isn't lessening the average person's quality of living. For the vast majority of us, communism done right is nothing but an upgrade. Yeah so a fistful of billionaires and trillionaires will be really upset. They'd still have enough to live comfortably and yet they're the ones who own so much they can effectively block any progress in this direction. It's pure selfishness.

Fire faucet is one of the best automatic faucet systems, claim many different free coins, do simple tasks and play games or take surveys to earn big amounts of crypto.

One of the best faucet systems, visit daily to get bonus coins.

Join - https://moneylinks.me/firefaucet

https://coinmystique.com/secs-xrp-and-grayscale-bitcoin-etf-circumstances-challenged-by-us-home-majority-whip-tom-emme/?feed_id=9249&_unique_id=652780aecc31d

Home Majority Whip Tom Emmer has as soon as once more taken to Twitter to problem the U.S. Securities and Alternate Fee’s (SEC) method to cryptocurrency regulation. Citing the SEC’s current authorized losses in opposition to Ripple and Grayscale, Emmer means that the regulatory physique’s stance on crypto is misguided. His newest feedback, dated September 3, 2023, have garnered vital consideration, amplifying the continued debate on the suitable degree of crypto regulation.Emmer’s Newest RemarksIn a tweet on September 3, 2023, Tom Emmer acknowledged, SEC loses on Ripple… SEC loses on Grayscale… We are going to see how pending litigation performs out, but it surely must be more and more apparent to policymakers that, regardless of @GaryGensler’s mass advertising marketing campaign, crypto shouldn’t be an trade ‘rife with noncompliance.’Checks and Balances in FocusEmmer’s critique resonate with earlier tweet, emphasizing the position of checks and balances in holding the federal government accountable.Our system of checks and balances holding the abusive Administrative State accountable,he wrote, quoting a earlier tweet that introduced a DC Courtroom of Appeals determination in favor of Grayscale on August 29, 2023.A Constant CriticEmmer has been a constant critic of the SEC’s regulatory method to cryptocurrencies. As early as November 4, 2021, he despatched a letter to SEC Chairman Gary Gensler, questioning the inconsistency within the company’s remedy of Bitcoin futures ETFs and Bitcoin spot ETFs. “I’ve called out @GaryGensler’s regulatory hypocrisy for years,” Emmer famous in a tweet on August 30, 2023.Implications for PolicymakersEmmer’s current feedback add one other layer to the continued debate amongst U.S. policymakers about the way forward for cryptocurrency regulation. With the SEC going through authorized setbacks, the query arises whether or not its present method is efficient and even acceptable, a degree that Emmer’s newest tweet underscores.ConclusionBecause the SEC grapples with authorized challenges and elevated scrutiny, Tom Emmer’s tweets function a well timed critique from a high-ranking authorities official. His feedback recommend that the controversy over the regulatory panorama for cryptocurrencies is way from over, and so they name into query the SEC’s present technique.Picture supply: ShutterstockSupply: https://blockchain.information/information/us-house-majority-whip-tom-emmer-challenges-secs-stance-regard-xrp-and-bitcoin-etf-following-legal-setbacks

Twitter84

I usually make art many months ahead of time, this one I made late in 2022. This is why I avoid art that comments on recent events since it ages it too fast. I almost just didn't post this one at all but instead I'm posting it since it feels absurd how at this point I'd probably prefer Twitter84 to the real one.

So "charitable" donations from billionaires were BS all along? Economics rant incoming.

I've been looking up how to set up a charity trust, like the kind hella rich people use, because I've got this dream of buying land someday and turning it into a public park / food forest that stays public and has maintenance and taxes covered?

But hoooooly shit, just reading up on the kinda of charitable trusts you can set up??? Insane. The #1 person benefitting from that "charity" is the person who donated. It's legal tax evasion, a way to hold investments without paying taxes on them, and get payouts for yourself for a long ass time before a charity ever sees a dime.

Like literally I think I figured out how someone could take a million bucks, put it in one of these tax sheltered trusts, invest and pay themselves 3 million bucks over 40 years, and only leave 200k of it to charity? While still following the letter of the law. No, even better, donating twice as much money to charity as the law requires, far sooner than it actually requires. I'm never again reading an article like "billionaire donates millions to charity" the same way again. ("Billionaire legally turns millions into more millions for himself and his family, who will have to give a few hundred thousand dollars to charity after he and his kids die?")

Like giving money to "charity" through these trusts? Well, that means a way of investing some of your money while avoiding paying income or capitol gains taxes, and every year getting a payout (like up to 50% of the assets in the trust, re-assessed annually as they grow - and 50% is more than most investors would choose to withdraw annually anyway? So it's really just a tax sheltered investment.) (Not even getting into the fact that art is one of the investments you can have, and art valuation is verrry subjective? So you get an art assessor saying the art you bought at 1million is now worth 5million? Okayyy)

So.... If you put money in, and invest it in stocks? Or more cynically, apartment buildings? You can have tax-free paychecks TO YOURSELF, as your investment grows and you can take money out of that investment till you die. Then, if the date you chose to give the leftover money to charity hasn't happened yet? Your kids (or other beneficiaries) get that paycheck.

Like holy shit. When you see billionaires donating lots of money to charity? They could (and probably are) donating it to their damn selves, and kids, while legally evading taxes. It ain't selfless, it's a fuckin moneymaker for THEM.

Now I really get this saying i heard from a corporate accountant I went out with - "a good tax lawyer will ask you how much you want to pay in taxes" ... And what the fuck. Didn't realize how goddamn literal that was.

(Also fun fact I learned from her - most tax laws on the books were lobbied for by a single corporation to give themselves a tax loophole above other companies, and after it becomes law, it has the strange effect of other companies mimicking the financial model of the first, once they catch on, to exploit the same loophole. So there's a huge incentive to make tax laws as confusing as possible - so the competitor businesses don't catch on to the lobbyist businesses secret loophole. And taxes won't get easier or fairer without legislation against corporate political lobbying)

Like even the kinds of tax-sheltered investments that "normal people" know about like IRAs and 401ks are just the tip of the iceberg when you think about how, the more money you have, the less taxes apply to you. Not to mention the whole way the idea of "investment" is really just another word for skimming the profits off another person's labor.

I'd always heard people cynically say that billionaires only donate for the tax deduction, but I thought it meant "don't pay taxes, and give the money to charity" not "don't pay taxes, and invest the money, and make money for yourself and your children tax free"

anyway I don't think I'm gonna make a trust, gonna just keep on giving the food not bombs crew cash because they actually do something with it?

(also if any of y'all nerds think I'm misunderstanding shit, I might be? I'm very much not an economics nerd, just trying to learn and getting p cynical about what I find)

Barcelona. Catalunya. 11/09/2023. Foto de Pepín.