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Leister

๐Ÿ‘ค Speaker
1620 total appearances

Appearances Over Time

Podcast Appearances

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

Then later, they wanted to do staking.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

At first, they said it couldn't be done.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

They wanted to do it.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

when everything shifted away from the UTXO model.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

And this by the way is under their FAQ.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

They did say we're dropping UTXO.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

They just didn't elaborate to simplify it down for the layman user.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

So you could understand what does that mean?

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

How does it affect you?

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

How does it change?

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

And they never changed the marketing to this day.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

They're still making claims about the speed of the darn thing and the layers and the parallel, their parallel is not there.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

performance isn't really there it gets brought to its knees anybody tries multiple people try to go and do claims so it's clearly not what they claimed it's just a regular layer one chain no different than polygon right polygon with that sunflower game where the game brought it to its knees for a couple hours that's what you have here so their marketing is false now here's why it matters

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

When they moved away from the original model, at that point, mining is not really a thing because if you're not proof of work, there is no mining.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

If you're proof of stake, which if you have a staking app, you're effectively proof of stake.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

It's been quoted multiple times.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

There's going to be pools.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

You stake into the pools and you get rewards.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

That's proof of stake.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

If it's proof of stake, there is no mining.