Ethereum Inventor Says He Won’t Get Shiba Inu Tax Write-Off

Bloomberg2021-05-19

Buterin’s donation to Indian charity worth about $800 million ‘I don’t know what they were doing’ he says of coin’s creators Vitalik Buterin, inventor of the Ethereum blockchain, said he won’t get a ...

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Benstonk
2021-05-19
Benstonk
SG no need tax rebate
Calvin1095
2021-05-19
Calvin1095
oh

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At one point it was worth about $2 billion, then fell to around $800 million.\nVitalik ButerinPhotographer: David Paul Morris/Bloomberg\nButerin said in an interview that he’s taxed as a citizen of Singapore, whose rules are “significantly cleaner than in the U.S. or Canada.” He’s not eligible for a write-off, he said. Ethereum, the world’s most-used blockchain, was invented by Buterin in 2013 and built by him and a group of co-founders including Gavin Wood, Joe Lubin and Mihai Alisie.\nLast week was a wild ride in the cryptocurrency world, which is saying something. Buterin’s gift and Shiba Inu’s ups and downs drowned out activity in the rest of the market. Tesla Inc. chief Elon Musk roiled prices of Bitcoin after announcing that the company would no longer accept it as a form of payment for cars due to environmental concerns. 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Buterin had other ideas, he said.\n“Realistically, if these coin projects wanted to avoid a person who would sell a large supply, they should’ve just not issued these coins,” he said. “I don’t know what they were doing issuing those coins to me.”\nIn all, Buterin said he was “pleasantly impressed” by how the wider cryptocurrency world handled the Shiba Inu incident.\n“They were much less upset by it than I expected,” he said.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":197035692,"gmtCreate":1621409533116,"gmtModify":1634189383890,"author":{"id":"3574851080358491","authorId":"3574851080358491","name":"Benstonk","avatar":"https://static.tigerbbs.com/c8a964cfa9223e4704989c9a4b9b772e","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574851080358491","authorIdStr":"3574851080358491"},"htmlText":"SG no need tax rebate","listText":"SG no need tax rebate","text":"SG no need tax rebate","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/197035692","repostId":1168651627,"repostType":4,"repost":{"id":"1168651627","pubTimestamp":1621406446,"share":"https://www.laohu8.com/m/news/1168651627?lang=&edition=full","pubTime":"2021-05-19 14:40","market":"us","language":"en","title":"Ethereum Inventor Says He Won’t Get Shiba Inu Tax Write-Off","url":"https://stock-news.laohu8.com/highlight/detail?id=1168651627","media":"Bloomberg","summary":"Buterin’s donation to Indian charity worth about $800 million\n‘I don’t know what they were doing’ he","content":"<ul>\n <li>Buterin’s donation to Indian charity worth about $800 million</li>\n <li>‘I don’t know what they were doing’ he says of coin’s creators</li>\n</ul>\n<p>Vitalik Buterin, inventor of the Ethereum blockchain, said he won’t get a tax write-off after donating more than 50 trillion of the joke coin Shiba Inu to the India Covid Crypto Relief Fund.</p>\n<p>Because Shiba Inu, a meta play on the ridiculousness of Doge Coin, has been incredibly volatile lately, the value of Buterin’s donation has fluctuated wildly. At one point it was worth about $2 billion, then fell to around $800 million.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/194f22eda7b94c1c022bb0a216b1485c\" tg-width=\"1000\" tg-height=\"667\"><span>Vitalik ButerinPhotographer: David Paul Morris/Bloomberg</span></p>\n<p>Buterin said in an interview that he’s taxed as a citizen of Singapore, whose rules are “significantly cleaner than in the U.S. or Canada.” He’s not eligible for a write-off, he said. Ethereum, the world’s most-used blockchain, was invented by Buterin in 2013 and built by him and a group of co-founders including Gavin Wood, Joe Lubin and Mihai Alisie.</p>\n<p>Last week was a wild ride in the cryptocurrency world, which is saying something. Buterin’s gift and Shiba Inu’s ups and downs drowned out activity in the rest of the market. Tesla Inc. chief Elon Musk roiled prices of Bitcoin after announcing that the company would no longer accept it as a form of payment for cars due to environmental concerns. That was just a few days after the billionaire’s appearance on “Saturday Night Live,” where he joked that Dogecoin was a “hustle,” and sent prices tumbling.</p>\n<p>The Shiba Inu saga began when the creators of the currency sent Buterin trillions of the coins without his permission. The implication might have been that the Shiba Inu creators believed Buterin wouldn’t sell, ensuring a type of supply guarantee. Buterin had other ideas, he said.</p>\n<p>“Realistically, if these coin projects wanted to avoid a person who would sell a large supply, they should’ve just not issued these coins,” he said. “I don’t know what they were doing issuing those coins to me.”</p>\n<p>In all, Buterin said he was “pleasantly impressed” by how the wider cryptocurrency world handled the Shiba Inu incident.</p>\n<p>“They were much less upset by it than I expected,” he said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ethereum Inventor Says He Won’t Get Shiba Inu Tax Write-Off</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEthereum Inventor Says He Won’t Get Shiba Inu Tax Write-Off\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-19 14:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-18/ethereum-inventor-says-he-won-t-get-shiba-inu-tax-write-off?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Buterin’s donation to Indian charity worth about $800 million\n‘I don’t know what they were doing’ he says of coin’s creators\n\nVitalik Buterin, inventor of the Ethereum blockchain, said he won’t get a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-18/ethereum-inventor-says-he-won-t-get-shiba-inu-tax-write-off?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-05-18/ethereum-inventor-says-he-won-t-get-shiba-inu-tax-write-off?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168651627","content_text":"Buterin’s donation to Indian charity worth about $800 million\n‘I don’t know what they were doing’ he says of coin’s creators\n\nVitalik Buterin, inventor of the Ethereum blockchain, said he won’t get a tax write-off after donating more than 50 trillion of the joke coin Shiba Inu to the India Covid Crypto Relief Fund.\nBecause Shiba Inu, a meta play on the ridiculousness of Doge Coin, has been incredibly volatile lately, the value of Buterin’s donation has fluctuated wildly. At one point it was worth about $2 billion, then fell to around $800 million.\nVitalik ButerinPhotographer: David Paul Morris/Bloomberg\nButerin said in an interview that he’s taxed as a citizen of Singapore, whose rules are “significantly cleaner than in the U.S. or Canada.” He’s not eligible for a write-off, he said. Ethereum, the world’s most-used blockchain, was invented by Buterin in 2013 and built by him and a group of co-founders including Gavin Wood, Joe Lubin and Mihai Alisie.\nLast week was a wild ride in the cryptocurrency world, which is saying something. Buterin’s gift and Shiba Inu’s ups and downs drowned out activity in the rest of the market. Tesla Inc. chief Elon Musk roiled prices of Bitcoin after announcing that the company would no longer accept it as a form of payment for cars due to environmental concerns. That was just a few days after the billionaire’s appearance on “Saturday Night Live,” where he joked that Dogecoin was a “hustle,” and sent prices tumbling.\nThe Shiba Inu saga began when the creators of the currency sent Buterin trillions of the coins without his permission. The implication might have been that the Shiba Inu creators believed Buterin wouldn’t sell, ensuring a type of supply guarantee. Buterin had other ideas, he said.\n“Realistically, if these coin projects wanted to avoid a person who would sell a large supply, they should’ve just not issued these coins,” he said. “I don’t know what they were doing issuing those coins to me.”\nIn all, Buterin said he was “pleasantly impressed” by how the wider cryptocurrency world handled the Shiba Inu incident.\n“They were much less upset by it than I expected,” he said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":197091975,"gmtCreate":1621408075497,"gmtModify":1634189392927,"author":{"id":"3580288728750951","authorId":"3580288728750951","name":"Calvin1095","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3580288728750951","authorIdStr":"3580288728750951"},"htmlText":"oh","listText":"oh","text":"oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/197091975","repostId":1168651627,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":9,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1168651627"}