Diogo Cunha

Kaspersky antivirus warned me about a `hoax.js.extmsg.a` virus in some of my JavaScript projects that use the `ex5-ext` npm module. Turns out it's not a virus but rather something beautiful. I should have dumped Kaspersky (a Russian company) long time ago. Will do it now.

@paulofonseca Wait until you add Índia to the mix..

the good thing about being in 🇵🇹 and working with people in the US, is that it forces my workday to start with a slow morning where I can have space to myself and my own things before starting to work... I love being part of the #slowmorningsclub

@dessie_martin Last pump of the season 🧘‍♂️

@diffcunha As the song goes “wake me up when November ends”. And the DXY is reversing 😀

Bottoms In.

@paulofonseca There are alternative monetary systems with no inflation nor even interest. Inflation (price instability) exists mostly because fiat money is scarce and backed by debt. Look for mutual credit. I know an interesting project building that on a blockchain resource.finance

if you could only choose one, what would you prefer?

@paulofonseca yep

@diffcunha wow!

Kaspersky antivirus warned me about a `hoax.js.extmsg.a` virus in some of my JavaScript projects that use the `ex5-ext` npm module. Turns out it's not a virus but rather something beautiful. I should have dumped Kaspersky (a Russian company) long time ago. Will do it now.

Happy Thanksgiving!

Damn..

@WatcherGuru @elonmusk plz buy FTX

JUST IN: Twitter files paperwork to enter payments business, NYT reports.

@mari__0x Disclaimer: This is not fiscal advice!😅 But if you need I can point you to some experts that I know

@diffcunha I see, thanks.

Portugal just approved a tax on crypto. This includes staking and mining income and capital gains.

@MRMorVinho Estou à tua espera

@mari__0x That's a good question. My guess would be that it will be tax free if you sell assets that were bought more than a year ago. Like if in 2023 you sell stuff you bought in 2021, for instance.

@diffcunha So when they say "taxes are applicable when holding for less than 1 year" it's one year from when? 2024?

@FenrirCosmos Probably they won't but it's still your legal obligation to report it accurately on your tax forms. Technically it would be possible to get it by looking at your wallet transactions, who knows🤷‍♂️

@diffcunha And how will they know about your staking rewards?

@MrBoggDann Yes, for now. I'm pretty sure this is just a step towards full taxation. No other asset has a long term hold tax benefit in Portugal, with the exception of PPR/Pension fund contributions.

@diffcunha Far from it. 0% on longterm gains

@mari__0x Not that I’m aware of. That would be totally outrageous 😅

@diffcunha Does this have retroactive effects?

@CryptoGrills Absolutely. Good news is: you can keep HODLing tax free😂

@diffcunha Fingers crossed I guess. Sigh... Seems like everywhere in the world they're trying to suck crypto investors dry.

@CryptoGrills That is great indeed! But IMO it’s a matter of time until it’s fully taxed. I’ve been around long enough to see how tax laws are changed here

@diffcunha twitter.com/Coin_Tracking/… Only short term gains are taxed. Long term gains (>1yr) are still tax free like Germany does it. So that's still a very great fact. I'm very curious on how Portugal plans on taxing crypto-crypto conversions. I doubt the have the manpower/infrastructure.

@CryptoGrills Staking rewards will qualify and be taxed as B category income (independent professional income). I didn't see that about 0% for holding longer than 1 year but that would be great for sure.

@diffcunha Interesting I wonder if staking rewards will really get taxed 50%. I believe they stated that holding for 1year results in 0% tax though so that is still WAY much better than most countries.

@CryptoGrills Also, many countries reduce tax drastically when it qualifies as investment rather than speculation. That does not happen in Portugal, holding for 1 day or 20 years is taxed the same way.

@CryptoGrills 28% is for capital gains, presumably. Income from mining or staking for sure can go up to 50%. Same can happen to capital gains if it becomes mandatory to tax them progressively, together with other income (right now capital gains can be taxed autonomously at 28%)