Non-Fungible Tokens and Cryptocurrencies

Cryptocurrencies and Non-Fungible Token (NFT) Artwork have been big in the news this week, and in many ways they are the path forward into the virtual future that shall become us. I love NFT Art, and I buy, and collect it, using the Ethereum cryptocurrency. Ethereum has become the standard currency for purchasing NFT Art because ETH hovers around $3k USD for one ETH coin while Bitcon hovers around $40k for a single coin. You can see below a mashup of five separate “Tokyo Punks” I purchased from the Sabet collection and then included them all in a single animated GIF.

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Beware the Ides of February: Your Identity Has Been Stolen!

It’s tax season! Beware the Ides of February! Yesterday, Janna and I were disappointed to learn someone filed a tax return in our name. We discovered this identity theft when we diligently filed our 2015 taxes online via TurboTax and quickly learned our returns had not only been rejected by the IRS, but also by the New York and New Jersey tax offices! I later learned if the Feds reject your return, the States, in turn, will automatically reject your return, too. That’s good there’s some sort of communal, emergency, trigger that is in place for this homegrown brand of unsophisticated, commonplace, thievery.

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Realm of the Bitcoin Black Market Economy

The realm of Bitcoin is one of confusion and the dark market.  Bitcoin is a tertiary form of payment that is slowly taking over the backroads of the Internet.  Bitcoins are holograms, Bitcoins are nothing but bits and bytes in the internet ether and, sometimes, Bitcoins are actually made of metal you can hold in your hand.

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Tax Advice: Don’t Do Two Things and Expect One Result

It can always be a struggle for Americans to try to decipher the tax law every year to try to figure out how much we owe to pay our way without losing any of the reasonable deductions we are allowed to take.

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