Quote:
Originally Posted by Wayne 962
That's a relatively straightforward question. Like any other business:
- The % annual depreciation of the equipment used to create it.
- The electricity used to create it.
- A portion of the Internet access services.
- A portion of the "home office" real estate allocated exclusively to the creation of the asset.
Etc.
Think of it like a farm in your backyard, and you sell the produce at a local farmer's market. Really no different.
Actually, the only difference would probably be if you never convert the digital coins into USD. In that case, they would be similar to inventory, like if you were producing wine and letting it sit in your cellar for 5-10 years. But with the crypto, I would imagine that it would be difficult to justify "losses" from the creation of the stuff if it's never quite converted into currency. I don't know how a startup wine manufacturer would allocate their startup losses for several years before they sell - might be a specialized area of farming accounting?
-Wayne
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U mean like a Marijuana plot out beyond the Black Stump..
LV casinos are now thinking about adding Bitcoin as an acceptable currency. This shows you exactly how far the USD has fallen into disrepute. Several years back the casino operators would have laughed at you if you suggested Bitcoin.
Bitcoin is just another worthless FIAT CURRENCY...the flavor of the day...Why would anyone take a Bitcoin..it has NO TRACK RECORD..The USD goes back to 1790 and up until the idiots now in charge got a hold of it it has been the Rock of Gibraltar of currencies..
How any of you out there can think that you are not fked in the azz is beyond me. The FED has now stopped reporting M1 and M2 Money supply on a monthly basis...what happened to transparency?
Partisan politics since 2012 has just been white noise to distract..the FED is in control of your daily lives, they are the adult in the room that keeps the lights on and the trains running. Now they have former FED Chairman Yellen at Treasury in the WH. Don't you think Powell and Yellen talk regularly to coordinate activities?
There is a reason why Empires and Civilizations collapse and that is people just don't pay attention nor realize that the ship is sinking beneath their feet until the water is up to their knees..by then it is too late and they start to panic.
Shytebitcoin is a presumed lifeboat..to get off the sinking ship USD.. Now that is a succinct bit of clarification now isn't it...that no one seems to have illuminated before..now have they?