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Ostatnie posty - Strona 213

  Forum

dar2112v
Dołączył: Dec 2007
920 post(y/ów)

Clarification on Pricing

Wszystko o iStripper
April 9, 2023, 24 odpowiedzi
No, in both cases it is you who are paying the fees - the money goes from your bank account to Epoch's.

As far as I know Epoch's. fees are included in the price so Totem is paying them not me but in the end it wouldn't matter if I were being charged the fees; I don't want the risk, hassle, and complexity of a crypto wallet.

As far as taxes -

Sales taxes in the US is based on municipality and state for both what is taxed and the rate it's taxed. In New York City the effective sales tax is closer to 9%. And whether tax is included in the published price is up to the seller; some few sellers include it out of convenience but most wont because it makes their pricing look more expensive.

Income tax isa different thing. In the US crypto in considered a commodity so the user is expected to report profits and losses on their income taxes. If you bought a bitcoin at $60,000 and sold it (or spent it) at $28,000 you have a loss which would offset a capital gain. And the reverse would be a taxable $32,000 gain that could and should be reported to the IRS.

DOLZ is kinda crazy - if I was going to participate (which I'm not) then I guess if you bought it at $0.008 and then used is to buy credits while it was valued at $0.016 then you would have a capital gain of $0.008 per DOLZ.

But you are converting cash into MATIC into DOLZ and DOLZ doesn't seem to have any real value ... so who know maybe as long as you spend the MATIC before it's value changes there is no profit or loss?. Fells like the very definition on money laundering to me but probably nothing to worry about unless you are buying a LOT of credits .. If thats the case I would talk to your accountant and tax attorney.



Jaipee
Dołączył: Jan 2022
106 post(y/ów)

Thank God It's Friday!

Wszystko o iStripper
April 7, 2023, 29 odpowiedzi
I agree with TheEmu, it is not a scam, unless investigated by official bodies and proved.

The problem is: we do not know how fair the games are. What are the odds. Is it really random. And what "random" would mean in the code source...

In order to illustrate, it is a game with a virtual currency, credits, but having a monetary value (ex 600c = 49.99e).
In France, there is a law: "Ordonnance n° 2019-1015 du 2 octobre 2019 réformant la régulation des jeux d'argent et de hasard", source : https://www.legifrance.gouv.fr/jorf/id/JORFTEXT000039167499
In it, there is a single line in the Art. L. 320-3, which says "« 2° Assurer l'intégrité, la fiabilité et la transparence des opérations de jeu ; " // "2° Ensure the integrity, reliability and transparency of gaming operations;"

Now, the 3 words are very important: integrity, reliability, transparency.
I believe that they try to do things as best as they can and with integrity.
However, and I saw this several times in various comments, there is absolutely no transparency on how it really works, the odds, so then it is difficult to see if it is reliable.
And it is frustrating when you put a lot of money/credits and you are not sure if it is only bad luck (and probabilities), or if you experienced something not "reliable" (odds/probabilities are variable, not constant, but depending on external and unknown factors).
Gaming operations always need clients to trust a system. It is why Casinos are very very controlled... and here it is no casino (or betting site) and it is not their main business, but a side product.

I am sure that will improve this, step by step...