Bitcoin and Taxes and Bitcoin Reports from Cambridge and the BIS

Tommy and Brady discuss bitcoin, lightning network and taxes and recent reports from the University of Cambridge Judge Business School and the Bank for International Settlements.

Citizen Bitcoin on Twitter:

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Citizen Bitcoin Podcast:

https://citizenbitcoin.world

Citizen Bitcoin on Medium:

https://medium.com/@citizenbitcoin

Links from the show:

How bitcoin is taxed in the United States:

https://www.thebalance.com/how-bitcoins-are-taxed-3192871

Cambridge 2nd Global Cryptoasset Benchmarking Study:

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3306125

Bank for International Settlements argues Bitcoin ‘is not sustainable without block rewards’:

https://www.theblockcrypto.com/2019/01/22/bank-for-international-settlements-argues-bitcoin-is-not-sustainable-without-block-rewards/

Beyond the doomsday economics of “proof-of-work” in cryptocurrencies:

https://www.bis.org/publ/work765.pdf

Definition of a 51% attack:

https://en.bitcoin.it/wiki/Majority_attack

Theoretical cost of a 51% attack on each network:

https://www.crypto51.app/

Bitcoin post-issuance: an existential threat:

https://www.theblockcrypto.com/2019/01/24/bitcoin-post-issuance-an-existential-threat/

Nic Carter thread on fee market and block size limit:

https://twitter.com/nic__carter/status/1087698624426004480