Bible Pay

Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Messages - way2

Pages: [1] 2 3 4
1
General Support / Re: Frozen wallet
« on: March 16, 2019, 06:24:35 am »
on the backupwallet command, how do I get it to append today's date?

2
On startup it goes past loading prayers and says done.  After that, something fails and the program kills itself.

3
Rob, I am more concerned about the immediate than the future state.  My wallet has been down for three days now and nothing seems to be bringing it back up.  I am not alone in this, there are others in the same boat.  How do we get our systems working again?

4
General Support / Re: Frozen wallet
« on: March 14, 2019, 08:49:29 pm »
Thanks, I am trying that now.

Banned you for having a crypto wallet that is not functional?  That is an interesting response for a crypto developer...

5
General Support / Re: Frozen wallet
« on: March 14, 2019, 04:34:42 pm »
It didn't work, the wallet has been down for two days.

6
General Support / Re: Frozen wallet
« on: March 13, 2019, 01:49:26 pm »
I removed the blocks folder so it was missing and then ran the wallet.  That allowed me to begin rebuilding the index and it is updating now.  we'll see if this works.

7
General Support / Re: Frozen wallet
« on: March 13, 2019, 12:53:18 pm »
That makes sense.  I pulled out all the files and then started adding them back one by one.  When I added back the blocks folder, that is when the problem hits.

8
General Support / Frozen wallet
« on: March 13, 2019, 05:35:10 am »
Last night I updated the wallet and it never fully came back up.  This morning, I had a fatal error that said Biblepay Core can no longer continue safely and will quit.  How do I fix this?

9
BiblePay discussion / Re: Economical model thoughts and current state
« on: March 13, 2019, 05:20:36 am »
What is the primary purpose of BBP from the developer's standpoint?

10
Active Discussions / Re: Testnet - Test Proof of Giving
« on: February 09, 2019, 11:45:12 pm »
This is a can of worms. Talk to your accountant and hope so/he understands crypto.

Donating BBP if you're going to file would be value at the date of transaction not value on a different date. You might use CMC historical rates and figure out your donations.

But since you're donating BBP and possibly earning bbp as well...  And since it is bbp to bbp is it really a taxable trade?

And then you're not the one selling to BTC and then to fiat... So who gets the deduction?

Filing taxes for crypto is already complicated but trying to declare for orphan foundation is likely something no accountant understands.

Thanks for your reply.  Taxes isn't a strong point for me, but I think your questions should be relatively straight forward.  The fact that it is crypto shouldn't be much of an issue.  The contribution value should be fair market value when the transaction occurred.  However, since we are donating aged coins, the taxable basis would be the cost when they were purchased.  The basis should be the value at donation minus cost at purchase.  How it is treated will be whether it is considered long or short term (whether it is held for more or less than one year)

It should be a deductible trade (quid pro quo)  because of how everything is labeled (proof of giving, tithe).  Many people will be over $75 annually (https://www.irs.gov/charities-non-profits/substantiating-charitable-contributions) so there is a required written disclosure statement from BBP foundation as a pass through.  Each individual should get the deduction.

The model where 10% off the top goes to Compassion should not be deductible by individuals but would be by Biblepay.  This is my expectation, but again, taxes is not a strong point for me.

11
Active Discussions / Re: Testnet - Test Proof of Giving
« on: February 09, 2019, 04:34:51 pm »
Also, how do I get my coin age?

12
Active Discussions / Re: Testnet - Test Proof of Giving
« on: February 09, 2019, 04:16:42 pm »
Could you give me an example of what you mean, for you personally, for our org as a whole, for what charity, and for what purpose is it for?

This is a donation of personal funds by each participant to a charitable foundation that functions as a pass through to Compassion International.  I haven't been able to get donations to go through yet, but if I did 200 BBP every four hours, that would equal $94  for 2019 at current prices.  This isn't a big deduction to miss out on, but if BBP price goes up significantly, being able to deduct that from my taxes could become a big deal.  There are specific reporting requirements for these types of donation, so how do I access the tax reporting for next year's taxes?

13
Active Discussions / Re: Testnet - Test Proof of Giving
« on: February 06, 2019, 08:25:10 pm »
Thanks Rob. 

How are the tax documents for charitable contributions accessed?

14
Active Discussions / Re: Testnet - Test Proof of Giving
« on: February 05, 2019, 06:08:38 pm »
When do you think the POG will roll out?

15
General Support / Re: What changed yesterday?
« on: December 19, 2018, 03:53:02 pm »
Thank you, I will give it a shot!

Pages: [1] 2 3 4