ST Alpha - "The fascinating aspect of it to me is how you could easily work the system because of how indistinguishable many of the low profile coins are." (Reading a Post)

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In response to "Huh." by znufrii

The fascinating aspect of it to me is how you could easily work the system because of how indistinguishable many of the low profile coins are.

Posted by Full Size Candy Baron (aka BaronWasteland) Oct 6 '21, 12:13

If you're in the red on SpawnCoin, sell it, and immediately put the proceeds into GroinCoin, you can still claim the loss on your taxes even though you remain fully invested in fluff. That is not "working as intended."

Responses:

Well, the real crux is that many of these things aren't classified as securities to begin with -- nm - oblique Oct 6, 12:18 6
- *yet* -- nm - decline Oct 6, 12:22 1
  - I would definitely agree that basically everything on Ethereum is a security. Bitcoin is a tougher one. I think that is rightfully classified as an - oblique Oct 6, 12:31
- kilbocoin is tied to amount of college drama that exists on any given day -- nm - budice Oct 6, 12:22 2
  - TyCoin value is based on the estimated number of door knobs he can lick in a day. -- nm - tRuMaN Oct 6, 12:24 1
    - Not to be confused with KnobCoin -- nm - Beryllium Oct 6, 12:25
- *ding* -- nm - znufrii Oct 6, 12:19

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The fascinating aspect of it to me is how you could easily work the system because of how indistinguishable many of the low profile coins are.

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