Maimartava
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Maimartava
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Crypto Enthusiast since 2012, Web Developer and Content creator, I love sharing my views and discussing them with colleagues.
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The differences between #Web2 and #Web3
Web2 (Web 2.0): The current state of the internet, characterized by centralized architecture, user-generated content, the client-server model, and limited interoperability. Power and control are concentrated in the hands of large corporations, and users lack full ownership and control over their data.
Web3 (Web 3.0): The vision and development of the next generation of the internet, focused on decentralization, user control and data ownership, interoperability, smart contracts and programmability, cryptocurrency and token economy, and privacy and security. It leverages blockchain technology and aims to create a connected ecosystem of decentralized applications, providing greater privacy, control, and opportunities for individuals and communities.
The differences between #Web2 and #Web3
Web2 (Web 2.0): The current state of the internet, characterized by centralized architecture, user-generated content, the client-server model, and limited interoperability. Power and control are concentrated in the hands of large corporations, and users lack full ownership and control over their data.
Web3 (Web 3.0): The vision and development of the next generation of the internet, focused on decentralization, user control and data ownership, interoperability, smart contracts and programmability, cryptocurrency and token economy, and privacy and security. It leverages blockchain technology and aims to create a connected ecosystem of decentralized applications, providing greater privacy, control, and opportunities for individuals and communities.
Web2 (Web 2.0): The current state of the internet, characterized by centralized architecture, user-generated content, the client-server model, and limited interoperability. Power and control are concentrated in the hands of large corporations, and users lack full ownership and control over their data.
Web3 (Web 3.0): The vision and development of the next generation of the internet, focused on decentralization, user control and data ownership, interoperability, smart contracts and programmability, cryptocurrency and token economy, and privacy and security. It leverages blockchain technology and aims to create a connected ecosystem of decentralized applications, providing greater privacy, control, and opportunities for individuals and communities.
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Trending Topics
IRSPlansLowerTaxDisclosurePenaltiesForCryptoCases
35,758 views
378 Discussing
Guy A: Bro I finally hit it.
Closed the year with a clean $1,000,000 profit from trading $IRYS , $ZEC and $PEPE .
Guy B: Congrats man… now when are you reporting it?
Guy A: Reporting what?
Guy B: The million dollars.
IRS.
Guy A: Come on, it’s crypto. They don’t really—
Guy B: They do.
Especially now.
That profit is taxable. Short-term or long-term, doesn’t matter. You made it, you owe on it.
Guy A: So what, I'll just send them a check for bottle of beer😁?
Guy B: Pretty much. Or you keep quiet and hope they never notice.
But with 1099-DAs rolling in and the new voluntary disclosure program dropping before December… the “hope they never notice” plan is getting expensive.
Guy A: …You’re serious.
Guy B: Dead serious.
You either report the million and sleep at night, or you wait until they find it and the conversation gets a lot more expensive.
Quick context:
The IRS is updating its voluntary disclosure program before December,lower penalties and cases resolved in about 120 days. Crypto profits are treated the same as any other income. If you made serious money and didn’t report it, coming forward now is cheaper than waiting for them to find you.
#IRSPlansLowerTaxDisclosurePenaltiesForCryptoCases
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