EPISODE · Nov 8, 2021 · 53 MIN
EP357 Infrastructure Bill Passed, New Bitcoin Tax Provision is Tyrannical
from Simply Bitcoin · host Simply Bitcoin
Recap of everything Bitcoin for Nov, 7th 2021 - Weekend Edition ► Despite all efforts, the infrastructure bill has been passed with horrible Bitcoin tax reporting provisions. This provision will not take effect until Jan. 1, 2024. Till then there will be various Bitcoin lobbying efforts. The senate will now work on a second major spending bill to create an amendment. Although the “broker” definition is very broad, it does not automatically cover miners, node operators, developers, etc - treasury will now interpret this - this is the scary part. ► DeFi protocol bZx has been hacked for the FOURTH time… they are investigating an exploit of a private key leaked to Binance Smart Chain and Polygon deployment. ► Raoul Paul says the Bitcoin community made him uncomfortable, leading him to sell all his Bitcoin to join the ETH community where people say “good morning” and “good night.” As long as you pretend you like eachother I guess it doesn't matter if you get scammed! ► Join us today with mining expert, @denverbitcoin, discussing the future of Bitcoin’s hashrate network. After China’s ban, Bitcoin proved itself inevitable and we’re growing everyday back to Bitcoin’s highest hashrate. ✔ Check out our guest, Adam O ► https://twitter.com/denverbitcoin ✔ Get your Bitcoin 2022 Conference Tickets for 10% OFF ► Use Promo Code: SIMPLYBITCOIN ► http://tixr.com/pr/SIMPLYBITCOIN/26217 ✔ nix-bitcoin v0.0.57 Released: ► https://github.com/fort-nix/nix-bitcoin/releases/tag/v0.0.57 ✔ Check out our Sponsors, support Bitcoin ONLY Businesses: ✔ Crypto Cloaks: ►http://www.cryptocloaks.com?afmc=2h&utm_campaign=2h&utm_source=leaddyno&utm_medium=affiliate ✔ Citadel21: ► https://www.citadel21.com ✔ Amber App: ► https://amber.app ✔ CypherSafe: ► https://cyphersafe.io ✔ Join our Telegram, Give us Memes to Review! ► https://t.me/TheSimplyBitcoinChannel ✔ Follow Us! ► https://twitter.com/SimplyBitcoinTV ► https://twitter.com/BITVOLT7 ► https://twitter.com/Coinicarus DISCLAIMER: All views in this episode are our own and DO NOT reflect the views of any of our guests or sponsors. Timecodes: 0:00 - Intro 0:20 - BTC Stats 8:55 - Daily Fail 33:36 - Meme Review 36:04 - BTC News 51:44 - Software Release
What this episode covers
Recap of everything Bitcoin for Nov, 7th 2021 - Weekend Edition ► Despite all efforts, the infrastructure bill has been passed with horrible Bitcoin tax reporting provisions. This provision will not take effect until Jan. 1, 2024. Till then there will be various Bitcoin lobbying efforts. The senate will now work on a second major spending bill to create an amendment. Although the “broker” definition is very broad, it does not automatically cover miners, node operators, developers, etc - treasury will now interpret this - this is the scary part. ► DeFi protocol bZx has been hacked for the FOURTH time… they are investigating an exploit of a private key leaked to Binance Smart Chain and Polygon deployment. ► Raoul Paul says the Bitcoin community made him uncomfortable, leading him to sell all his Bitcoin to join the ETH community where people say “good morning” and “good night.” As long as you pretend you like eachother I guess it doesn't matter if you get scammed! ► Join us today with mining expert, @denverbitcoin, discussing the future of Bitcoin’s hashrate network. After China’s ban, Bitcoin proved itself inevitable and we’re growing everyday back to Bitcoin’s highest hashrate. ✔ Check out our guest, Adam O ► https://twitter.com/denverbitcoin ✔ Get your Bitcoin 2022 Conference Tickets for 10% OFF ► Use Promo Code: SIMPLYBITCOIN ► http://tixr.com/pr/SIMPLYBITCOIN/26217 ✔ nix-bitcoin v0.0.57 Released: ► https://github.com/fort-nix/nix-bitcoin/releases/tag/v0.0.57 ✔ Check out our Sponsors, support Bitcoin ONLY Businesses: ✔ Crypto Cloaks: ►http://www.cryptocloaks.com?afmc=2h&utm_campaign=2h&utm_source=leaddyno&utm_medium=affiliate ✔ Citadel21: ► https://www.citadel21.com ✔ Amber App: ► https://amber.app ✔ CypherSafe: ► https://cyphersafe.io ✔ Join our Telegram, Give us Memes to Review! ► https://t.me/TheSimplyBitcoinChannel ✔ Follow Us! ► https://twitter.com/SimplyBitcoinTV ► https://twitter.com/BITVOLT7 ► https://twitter.com/Coinicarus DISCLAIMER: All views in this episode are our own and DO NOT reflect the views of any of our guests or sponsors. Timecodes: 0:00 - Intro 0:20 - BTC Stats 8:55 - Daily Fail 33:36 - Meme Review 36:04 - BTC News 51:44 - Software Release
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EP357 Infrastructure Bill Passed, New Bitcoin Tax Provision is Tyrannical
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