BitClout Reviews

Koinly Reviews

BitClout mentions (42)

• Building a BitClout Social Network Visualization App With Memgraph and D3.js

  BitClout is a new decentralized social network that lets you speculate on (the worth of) people and posts with real money. It's built from the ground up as its own custom blockchain. Its architecture is similar to Bitcoin's, except that it supports complex social network models like posts, profiles, follows, speculation features, and much more at a significantly higher throughput and scale. Like Bitcoin, BitClout... - Source: dev.to / about 1 year ago

• Elon Musk’s texts reveal what led to Twitter bid, before deal fell apart

  This is already a thing, it's an interesting niche concept, but the biggest downfall IMO is you can never delete anything since the blockchain is public and tracks all changes. https://bitclout.com/. Source: almost 2 years ago

• I'm building a platform that allows people to invest in upcoming entrepreneurs

  Is this different than BitClout? https://bitclout.com/. Source: over 2 years ago

• Why do they hide the price of deso?

  You can't sell on the bitclout.com node. Also, there is no "official" site. To the network, all nodes are equal, whether they are old or new: the DeSo foundation also doesn't call any node "official"- though the node they personally maintain is node.deso.org. You can set up your own node and sell for 10$ for one $DeSo (formerly called 1 $Clout) if you wanted or at 10000$ for a Deso if you wanted. You can see a... Source: over 2 years ago

• Why do they hide the price of deso?

  A lot of nodes do show the price below that as well- for instance diamondapp, which more people actually use than bitclout.com: https://imgur.com/a/iDhOOKS. Source: over 2 years ago

Koinly mentions (306)

• Tax Question. If i buy $1000 worth of crypto and sell 50% on a double and then let the balance ride. Am i exempt from paying tax on that transaction?

  Every transaction you make with crypto is a taxable event. Even buying something with your bitcoin is a taxable event. So instead of looking at your balance, you have to look at each and every transaction and see how much you paid for the asset, how much you sold it for, and how long you held it. The ATO will also want a report on your crypto transactions, which you can get from koinly.io. That will also... Source: 7 months ago

• 48-nation bloc to crack down on using crypto assets to avoid tax

  Https://koinly.io/ is a popular recommendation here in Denmark. Denmark may have the worst possible taxation for crypto: every time you sell, use or convert your crypto, that's an event where you have to calculate your gains or losses. Gains are taxed like personal income (so up to 53% tax), but losses can only be deducted at 26% they do not offset the gains directly. A school teacher speculating in crypto ended... - Source: Hacker News / 8 months ago

• Questions about defi

  -is it possible to track swaps and trades I'm making in defi via koinly.io or another tax tracking provider? I want to take advantage of long term capital gains vs short term whenever possible. Source: 12 months ago

• I made around 90K profit from a meme coin (crypto)recently and I’m 18 years old and have no idea how to go about taxes. Please help me . Also what could I do with my profits ?

  Every trade where you go from 1 coin to another is a capital gains event. Take a look into https://koinly.io/ to calculate it for you. Source: about 1 year ago

• Staked ETH Rewards on Coinbase

  I just bit the bullet and pay koinly.io to do it for me. The one thing I like about it is you can tag staked transaction (eth to eth2) as swaps so they don't show up on your taxes. It's actually free until you want them to generate a tax form for you. Source: about 1 year ago