Bitcoin and Crypto

[cochise]

Seems an interesting topic... but what I want to know is

How much is a Pie and Sauce in Bitcoin..?

Go get a visa debit card from crypto.com load it with Bitcoin, take it to a bakery and find out.

Seems a lot of effort when I can just go a and give em 5 bucks..

Is bitcoin tangible..can you hold it in your hand..?

explain tangible in regards to fiat money to me?

Just because you can touch a $50 note, doesnt mean the piece of plastic has a value of $50, the true value of the note is some decimal of a "cent". A 5c coin is more valuable than a $100 note if you are talking about the materials worth... So using "tangible" to argue the validity of a fiat system vs crypto is a fools errand.

Furthermore, if everyone in the country went to their bank and withdrew all their funds within their accounts, it would actually be impossible to pay everyone out! Ironically, most of the fiat money within our economy only exists as a bunch of data.

Public consensus is the difference between fiat and crypto. The only difference.

That said, Bitcoin is a ponzi scheme at this stage. Its a dying proof of concept. It would be akin to investing in Nicolas Cugnot, instead of Henry Ford.

I was actually thinking about this the other day, all the $50 note is a physical representation of you having that value. They started as note from a bank saying that the merchant had a certain amount money to prevent them having to carry the large amount of copper coinage to large sales.

Most money now is a construct that doesn't really exist.

 

[mike]

Seems an interesting topic... but what I want to know is

How much is a Pie and Sauce in Bitcoin..?

Go get a visa debit card from crypto.com load it with Bitcoin, take it to a bakery and find out.

Seems a lot of effort when I can just go a and give em 5 bucks..

Is bitcoin tangible..can you hold it in your hand..?

explain tangible in regards to fiat money to me?

Just because you can touch a $50 note, doesnt mean the piece of plastic has a value of $50, the true value of the note is some decimal of a "cent". A 5c coin is more valuable than a $100 note if you are talking about the materials worth... So using "tangible" to argue the validity of a fiat system vs crypto is a fools errand.

Furthermore, if everyone in the country went to their bank and withdrew all their funds within their accounts, it would actually be impossible to pay everyone out! Ironically, most of the fiat money within our economy only exists as a bunch of data.

Public consensus is the difference between fiat and crypto. The only difference.

That said, Bitcoin is a ponzi scheme at this stage. Its a dying proof of concept. It would be akin to investing in Nicolas Cugnot, instead of Henry Ford.

I was actually thinking about this the other day, all the $50 note is a physical representation of you having that value. They started as note from a bank saying that the merchant had a certain amount money to prevent them having to carry the large amount of copper coinage to large sales.

Most money now is a construct that doesn't really exist.

It’s been a construct that doesn’t really exist in any empirical form since about 1933 when the Gold Standard was abandoned.

 

[cochise]

Seems an interesting topic... but what I want to know is

How much is a Pie and Sauce in Bitcoin..?

Go get a visa debit card from crypto.com load it with Bitcoin, take it to a bakery and find out.

Seems a lot of effort when I can just go a and give em 5 bucks..

Is bitcoin tangible..can you hold it in your hand..?

explain tangible in regards to fiat money to me?

Just because you can touch a $50 note, doesnt mean the piece of plastic has a value of $50, the true value of the note is some decimal of a "cent". A 5c coin is more valuable than a $100 note if you are talking about the materials worth... So using "tangible" to argue the validity of a fiat system vs crypto is a fools errand.

Furthermore, if everyone in the country went to their bank and withdrew all their funds within their accounts, it would actually be impossible to pay everyone out! Ironically, most of the fiat money within our economy only exists as a bunch of data.

Public consensus is the difference between fiat and crypto. The only difference.

That said, Bitcoin is a ponzi scheme at this stage. Its a dying proof of concept. It would be akin to investing in Nicolas Cugnot, instead of Henry Ford.

I was actually thinking about this the other day, all the $50 note is a physical representation of you having that value. They started as note from a bank saying that the merchant had a certain amount money to prevent them having to carry the large amount of copper coinage to large sales.

Most money now is a construct that doesn't really exist.

It’s been a construct that doesn’t really exist in any empirical form since about 1933 when the Gold Standard was abandoned.

yes, that's why the comment earlier about the banks not having enough physical currency on hand if everyone was to withdraw their cash at once. There is not a physical representation of every $ in our economy, the bigger issue would be is that the banks wouldn't actually have access to a lot of the money they "hold" as it has been invested elsewhere. When you deposit into your account you are effectively loaning the bank your money to use, it is just in most cases they will repay you that money as soon as you ask for it.

 

[Hangonaminute]

Seems an interesting topic... but what I want to know is

How much is a Pie and Sauce in Bitcoin..?

Go get a visa debit card from crypto.com load it with Bitcoin, take it to a bakery and find out.

Seems a lot of effort when I can just go a and give em 5 bucks..

Is bitcoin tangible..can you hold it in your hand..?

explain tangible in regards to fiat money to me?

Just because you can touch a $50 note, doesnt mean the piece of plastic has a value of $50, the true value of the note is some decimal of a "cent". A 5c coin is more valuable than a $100 note if you are talking about the materials worth... So using "tangible" to argue the validity of a fiat system vs crypto is a fools errand.

Furthermore, if everyone in the country went to their bank and withdrew all their funds within their accounts, it would actually be impossible to pay everyone out! Ironically, most of the fiat money within our economy only exists as a bunch of data.

Public consensus is the difference between fiat and crypto. The only difference.

That said, Bitcoin is a ponzi scheme at this stage. Its a dying proof of concept. It would be akin to investing in Nicolas Cugnot, instead of Henry Ford.

I was actually thinking about this the other day, all the $50 note is a physical representation of you having that value. They started as note from a bank saying that the merchant had a certain amount money to prevent them having to carry the large amount of copper coinage to large sales.

Most money now is a construct that doesn't really exist.

Wrong!!! (But you're getting there)

ALL fiat currency is a construct that doesn't exist!

Created out of thin air by the Federal reserve (criminal private banking cartel, Google The Creature from Jeckyl island) literally numbers punched onto a screen for the sole purpose of making a return by loaning it out and collecting interest on it, interest on money that they literally create from nothing.

If that isn't the greatest scam ever, please show me a bigger one.

 

[Hangonaminute]

For those who are interested in learning about why Bitcoin is so important watch this, it might change the way you look at it.

https://youtu.be/HJtna0VFg0c

 

[Hangonaminute]

Seems an interesting topic... but what I want to know is

How much is a Pie and Sauce in Bitcoin..?

Go get a visa debit card from crypto.com load it with Bitcoin, take it to a bakery and find out.

Seems a lot of effort when I can just go a and give em 5 bucks..

Is bitcoin tangible..can you hold it in your hand..?

explain tangible in regards to fiat money to me?

Just because you can touch a $50 note, doesnt mean the piece of plastic has a value of $50, the true value of the note is some decimal of a "cent". A 5c coin is more valuable than a $100 note if you are talking about the materials worth... So using "tangible" to argue the validity of a fiat system vs crypto is a fools errand.

Furthermore, if everyone in the country went to their bank and withdrew all their funds within their accounts, it would actually be impossible to pay everyone out! Ironically, most of the fiat money within our economy only exists as a bunch of data.

Public consensus is the difference between fiat and crypto. The only difference.

That said, Bitcoin is a ponzi scheme at this stage. Its a dying proof of concept. It would be akin to investing in Nicolas Cugnot, instead of Henry Ford.

I was actually thinking about this the other day, all the $50 note is a physical representation of you having that value. They started as note from a bank saying that the merchant had a certain amount money to prevent them having to carry the large amount of copper coinage to large sales.

Most money now is a construct that doesn't really exist.

It’s been a construct that doesn’t really exist in any empirical form since about 1933 when the Gold Standard was abandoned.

yes, that's why the comment earlier about the banks not having enough physical currency on hand if everyone was to withdraw their cash at once. There is not a physical representation of every $ in our economy, the bigger issue would be is that the banks wouldn't actually have access to a lot of the money they "hold" as it has been invested elsewhere. When you deposit into your account you are effectively loaning the bank your money to use, it is just in most cases they will repay you that money as soon as you ask for it.

Every bank deposit is actually an unsecured loan to the bank.

Fractional reserve lending also plays a part in why the bank don't hold the physical money in your account.
It's one of the ways banks (criminal private banking cartels) make money.

The greatest scam ever

 

[jirskyr]

Furthermore, if everyone in the country went to their bank and withdrew all their funds within their accounts, it would actually be impossible to pay everyone out! Ironically, most of the fiat money within our economy only exists as a bunch of data.
Public consensus is the difference between fiat and crypto. The only difference.

Well that's not entirely true. If the reserve bank printed enough money, everyone could withdraw every Australian dollar in existence. There's less physical cash simply because we have other methods of tracking the bulk of personal and business wealth.

And yes, public consensus is the difference between fiat and crypto, but that's the only difference that matters. It's the only difference that matters anywhere where value is discussed, because value is relative. A house only has value where there is demand for housing. General consensus is a coffee is worth $3-4 and no $103.

Almost all financial systems in the world are based on non-physical data - shares, bonds, cash, insurance, loans, trades, purchases, tax.

 

[jirskyr]

ALL fiat currency is a construct that doesn’t exist!

Mate bitcoin doesn't "exist" either.

 

[cochise]

ALL fiat currency is a construct that doesn’t exist!

Mate bitcoin doesn't "exist" either.

At least with the construct of our financial system you can actually exchange for a physical representation of the construct, that can not be done with Crypto.

 

[jirskyr]

ALL fiat currency is a construct that doesn’t exist!

Mate bitcoin doesn't "exist" either.

At least with the construct of our financial system you can actually exchange for a physical representation of the construct, that can not be done with Crypto.

Technically you can right, you can find a seller and transfer bitcoins to their wallet.

The irony of the whole thing is currently bitcoins can only be described in terms of fiat currency; they have no meaning otherwise. So if I hold a thing, a paper note, that has universal agreed value in Australia, or a I hold an electronic bitcoin, which has no stable agreed value, I'd still rather the paper note, even though both are just representations of potential value. Last time I checked, and since it was introduced, the value of 1 AUD is still 1 AUD.

 

[cochise]

ALL fiat currency is a construct that doesn’t exist!

Mate bitcoin doesn't "exist" either.

At least with the construct of our financial system you can actually exchange for a physical representation of the construct, that can not be done with Crypto.

Technically you can right, you can find a seller and transfer bitcoins to their wallet.

The irony of the whole thing is currently bitcoins can only be described in terms of fiat currency; they have no meaning otherwise. So if I hold a thing, a paper note, that has universal agreed value in Australia, or a I hold an electronic bitcoin, which has no stable agreed value, I'd still rather the paper note, even though both are just representations of potential value. Last time I checked, and since it was introduced, the value of 1 AUD is still 1 AUD.

I agree with you though the value of the 1AUD does fluctuate and what you can buy with your 1 AUD does rise and fall based off comparisons of other markets.

For example, if we were to add a trillion $ to out economy, our economy doesn't grow, each $ would become worth less. Which means while the agreed value of that 1AUD in Australia doesn't change, what you could actually purchase with that $1AUD would be less than before.

 

[cochise]

ALL fiat currency is a construct that doesn’t exist!

Mate bitcoin doesn't "exist" either.

At least with the construct of our financial system you can actually exchange for a physical representation of the construct, that can not be done with Crypto.

Technically you can right, you can find a seller and transfer bitcoins to their wallet.

The irony of the whole thing is currently bitcoins can only be described in terms of fiat currency; they have no meaning otherwise. So if I hold a thing, a paper note, that has universal agreed value in Australia, or a I hold an electronic bitcoin, which has no stable agreed value, I'd still rather the paper note, even though both are just representations of potential value. Last time I checked, and since it was introduced, the value of 1 AUD is still 1 AUD.

I agree with you though the value of the 1AUD does fluctuate and what you can buy with your 1 AUD does rise and fall based off comparisons of other markets.

For example, if we were to add a trillion $ to out economy, our economy doesn't grow, each $ would become worth less. Which means while the agreed value of that 1AUD in Australia doesn't change, what you could actually purchase with that $1AUD would be less than before.

To be clear I am not promoting Bitcoin with this comment lol

 

[jirskyr]

ALL fiat currency is a construct that doesn’t exist!

Mate bitcoin doesn't "exist" either.

At least with the construct of our financial system you can actually exchange for a physical representation of the construct, that can not be done with Crypto.

Technically you can right, you can find a seller and transfer bitcoins to their wallet.

The irony of the whole thing is currently bitcoins can only be described in terms of fiat currency; they have no meaning otherwise. So if I hold a thing, a paper note, that has universal agreed value in Australia, or a I hold an electronic bitcoin, which has no stable agreed value, I'd still rather the paper note, even though both are just representations of potential value. Last time I checked, and since it was introduced, the value of 1 AUD is still 1 AUD.

I agree with you though the value of the 1AUD does fluctuate and what you can buy with your 1 AUD does rise and fall based off comparisons of other markets.

For example, if we were to add a trillion $ to out economy, our economy doesn't grow, each $ would become worth less. Which means while the agreed value of that 1AUD in Australia doesn't change, what you could actually purchase with that $1AUD would be less than before.

Yeah what you can buy with 1 AUD changes all the time via inflation or deflation. And it changes every day against external currencies. But AUD 1 is always AUD 1, so everyone's AUD shifts by the same amount.

That's not currently true of bitcoin, it has no regional lock of value. Imagine if you went down to the shop with AUD 50 one day to buy a case of beer, and found out that overnight the local value of the AUD had halved and suddenly you needed AUD 100.

 

[cochise]

ALL fiat currency is a construct that doesn’t exist!

Mate bitcoin doesn't "exist" either.

At least with the construct of our financial system you can actually exchange for a physical representation of the construct, that can not be done with Crypto.

Technically you can right, you can find a seller and transfer bitcoins to their wallet.

The irony of the whole thing is currently bitcoins can only be described in terms of fiat currency; they have no meaning otherwise. So if I hold a thing, a paper note, that has universal agreed value in Australia, or a I hold an electronic bitcoin, which has no stable agreed value, I'd still rather the paper note, even though both are just representations of potential value. Last time I checked, and since it was introduced, the value of 1 AUD is still 1 AUD.

I agree with you though the value of the 1AUD does fluctuate and what you can buy with your 1 AUD does rise and fall based off comparisons of other markets.

For example, if we were to add a trillion $ to out economy, our economy doesn't grow, each $ would become worth less. Which means while the agreed value of that 1AUD in Australia doesn't change, what you could actually purchase with that $1AUD would be less than before.

Yeah what you can buy with 1 AUD changes all the time via inflation or deflation. And it changes every day against external currencies. But AUD 1 is always AUD 1, so everyone's AUD shifts by the same amount.

That's not currently true of bitcoin, it has no regional lock of value. Imagine if you went down to the shop with AUD 50 one day to buy a case of beer, and found out that overnight the local value of the AUD had halved and suddenly you needed AUD 100.

Mate I can annoyed when my pint of Guinness goes up 20c lol

 

[Hangonaminute]

ALL fiat currency is a construct that doesn’t exist!

Mate bitcoin doesn't "exist" either.

At least with the construct of our financial system you can actually exchange for a physical representation of the construct, that can not be done with Crypto.

Technically you can right, you can find a seller and transfer bitcoins to their wallet.

The irony of the whole thing is currently bitcoins can only be described in terms of fiat currency; they have no meaning otherwise. So if I hold a thing, a paper note, that has universal agreed value in Australia, or a I hold an electronic bitcoin, which has no stable agreed value, I'd still rather the paper note, even though both are just representations of potential value. Last time I checked, and since it was introduced, the value of 1 AUD is still 1 AUD.

I agree with you though the value of the 1AUD does fluctuate and what you can buy with your 1 AUD does rise and fall based off comparisons of other markets.

For example, if we were to add a trillion $ to out economy, our economy doesn't grow, each $ would become worth less. Which means while the agreed value of that 1AUD in Australia doesn't change, what you could actually purchase with that $1AUD would be less than before.

Yeah what you can buy with 1 AUD changes all the time via inflation or deflation. And it changes every day against external currencies. But AUD 1 is always AUD 1, so everyone's AUD shifts by the same amount.

That's not currently true of bitcoin, it has no regional lock of value. Imagine if you went down to the shop with AUD 50 one day to buy a case of beer, and found out that overnight the local value of the AUD had halved and suddenly you needed AUD 100.

Once again you guys are just so narrow minded that you only seem to be able to think of Bitcoin in terms of a means of exchange when that is only 1 of its uses.

If you are interested in buying some at 50% off in 4 days time (on the halving) go check out crypto.com and find out how, you won't get a better opportunity.

While you're at it go learn about the halving, and look at the Bitcoin chart and what it usually does after the halving.

 

[mike]

ALL fiat currency is a construct that doesn’t exist!

Mate bitcoin doesn't "exist" either.

At least with the construct of our financial system you can actually exchange for a physical representation of the construct, that can not be done with Crypto.

Technically you can right, you can find a seller and transfer bitcoins to their wallet.

The irony of the whole thing is currently bitcoins can only be described in terms of fiat currency; they have no meaning otherwise. So if I hold a thing, a paper note, that has universal agreed value in Australia, or a I hold an electronic bitcoin, which has no stable agreed value, I'd still rather the paper note, even though both are just representations of potential value. Last time I checked, and since it was introduced, the value of 1 AUD is still 1 AUD.

I agree with you though the value of the 1AUD does fluctuate and what you can buy with your 1 AUD does rise and fall based off comparisons of other markets.

For example, if we were to add a trillion $ to out economy, our economy doesn't grow, each $ would become worth less. Which means while the agreed value of that 1AUD in Australia doesn't change, what you could actually purchase with that $1AUD would be less than before.

Yeah what you can buy with 1 AUD changes all the time via inflation or deflation. And it changes every day against external currencies. But AUD 1 is always AUD 1, so everyone's AUD shifts by the same amount.

That's not currently true of bitcoin, it has no regional lock of value. Imagine if you went down to the shop with AUD 50 one day to buy a case of beer, and found out that overnight the local value of the AUD had halved and suddenly you needed AUD 100.

Once again you guys are just so narrow minded that you only seem to be able to think of Bitcoin in terms of a means of exchange when that is only 1 of its uses.

If you are interested in buying some at 50% off in 4 days time (on the halving) go check out crypto.com and find out how, you won't get a better opportunity.

While you're at it go learn about the halving, and look at the Bitcoin chart and what it usually does after the halving.

So please enlighten us to what are the other uses of Bitcoin as say opposed to Blockchain technologies in general?

 

[Hangonaminute]

ALL fiat currency is a construct that doesn’t exist!

Mate bitcoin doesn't "exist" either.

At least with the construct of our financial system you can actually exchange for a physical representation of the construct, that can not be done with Crypto.

Technically you can right, you can find a seller and transfer bitcoins to their wallet.

The irony of the whole thing is currently bitcoins can only be described in terms of fiat currency; they have no meaning otherwise. So if I hold a thing, a paper note, that has universal agreed value in Australia, or a I hold an electronic bitcoin, which has no stable agreed value, I'd still rather the paper note, even though both are just representations of potential value. Last time I checked, and since it was introduced, the value of 1 AUD is still 1 AUD.

I agree with you though the value of the 1AUD does fluctuate and what you can buy with your 1 AUD does rise and fall based off comparisons of other markets.

For example, if we were to add a trillion $ to out economy, our economy doesn't grow, each $ would become worth less. Which means while the agreed value of that 1AUD in Australia doesn't change, what you could actually purchase with that $1AUD would be less than before.

Yeah what you can buy with 1 AUD changes all the time via inflation or deflation. And it changes every day against external currencies. But AUD 1 is always AUD 1, so everyone's AUD shifts by the same amount.

That's not currently true of bitcoin, it has no regional lock of value. Imagine if you went down to the shop with AUD 50 one day to buy a case of beer, and found out that overnight the local value of the AUD had halved and suddenly you needed AUD 100.

Once again you guys are just so narrow minded that you only seem to be able to think of Bitcoin in terms of a means of exchange when that is only 1 of its uses.

If you are interested in buying some at 50% off in 4 days time (on the halving) go check out crypto.com and find out how, you won't get a better opportunity.

While you're at it go learn about the halving, and look at the Bitcoin chart and what it usually does after the halving.

So please enlighten us to what are the other uses of Bitcoin as say opposed to Blockchain technologies in general?

That's something you'll have to investigate yourself, but all I'll say is it's the infrastructure that the next generation of the internet will be built on.

 

[mike]

ALL fiat currency is a construct that doesn’t exist!

Mate bitcoin doesn't "exist" either.

At least with the construct of our financial system you can actually exchange for a physical representation of the construct, that can not be done with Crypto.

Technically you can right, you can find a seller and transfer bitcoins to their wallet.

The irony of the whole thing is currently bitcoins can only be described in terms of fiat currency; they have no meaning otherwise. So if I hold a thing, a paper note, that has universal agreed value in Australia, or a I hold an electronic bitcoin, which has no stable agreed value, I'd still rather the paper note, even though both are just representations of potential value. Last time I checked, and since it was introduced, the value of 1 AUD is still 1 AUD.

I agree with you though the value of the 1AUD does fluctuate and what you can buy with your 1 AUD does rise and fall based off comparisons of other markets.

For example, if we were to add a trillion $ to out economy, our economy doesn't grow, each $ would become worth less. Which means while the agreed value of that 1AUD in Australia doesn't change, what you could actually purchase with that $1AUD would be less than before.

Yeah what you can buy with 1 AUD changes all the time via inflation or deflation. And it changes every day against external currencies. But AUD 1 is always AUD 1, so everyone's AUD shifts by the same amount.

That's not currently true of bitcoin, it has no regional lock of value. Imagine if you went down to the shop with AUD 50 one day to buy a case of beer, and found out that overnight the local value of the AUD had halved and suddenly you needed AUD 100.

Once again you guys are just so narrow minded that you only seem to be able to think of Bitcoin in terms of a means of exchange when that is only 1 of its uses.

If you are interested in buying some at 50% off in 4 days time (on the halving) go check out crypto.com and find out how, you won't get a better opportunity.

While you're at it go learn about the halving, and look at the Bitcoin chart and what it usually does after the halving.

So please enlighten us to what are the other uses of Bitcoin as say opposed to Blockchain technologies in general?

That's something you'll have to investigate yourself, but all I'll say is it's the infrastructure that the next generation of the internet will be built on.

That’s the answer I expected.

 

[jirskyr]

ALL fiat currency is a construct that doesn’t exist!

Mate bitcoin doesn't "exist" either.

At least with the construct of our financial system you can actually exchange for a physical representation of the construct, that can not be done with Crypto.

Technically you can right, you can find a seller and transfer bitcoins to their wallet.

The irony of the whole thing is currently bitcoins can only be described in terms of fiat currency; they have no meaning otherwise. So if I hold a thing, a paper note, that has universal agreed value in Australia, or a I hold an electronic bitcoin, which has no stable agreed value, I'd still rather the paper note, even though both are just representations of potential value. Last time I checked, and since it was introduced, the value of 1 AUD is still 1 AUD.

I agree with you though the value of the 1AUD does fluctuate and what you can buy with your 1 AUD does rise and fall based off comparisons of other markets.

For example, if we were to add a trillion $ to out economy, our economy doesn't grow, each $ would become worth less. Which means while the agreed value of that 1AUD in Australia doesn't change, what you could actually purchase with that $1AUD would be less than before.

Yeah what you can buy with 1 AUD changes all the time via inflation or deflation. And it changes every day against external currencies. But AUD 1 is always AUD 1, so everyone's AUD shifts by the same amount.

That's not currently true of bitcoin, it has no regional lock of value. Imagine if you went down to the shop with AUD 50 one day to buy a case of beer, and found out that overnight the local value of the AUD had halved and suddenly you needed AUD 100.

Once again you guys are just so narrow minded that you only seem to be able to think of Bitcoin in terms of a means of exchange when that is only 1 of its uses.

If you are interested in buying some at 50% off in 4 days time (on the halving) go check out crypto.com and find out how, you won't get a better opportunity.

While you're at it go learn about the halving, and look at the Bitcoin chart and what it usually does after the halving.

I can only imagine the enormous pile of money you are sitting on, literally piles and piles of gold from your astute bitcoin trading. But of course you don't believe in fiat currency nor do you trust banks (organised crime cartels backed by political cabals), so you are instead sitting about piles and piles of digital somethings worth something according to a line chart on crypto.com/buycoinsherebromakeyourfortune

 

[mike]

One of the things that hasn't been discussed so far are the ATO tax implications of trading in cryptocurrencies. It is something everyone should aware of if they are planning to dip their toe in the water. The ATO doesn’t treat cryptocurrencies as a currency but rather as property. This means that selling a cryptocurrency, in all but a few very certain examples, or swapping to another cryptocurrency are subject to Capital Gains Tax rules. The following ATO links provide information on how the ATO views transacting in cryptocurrencies and might be useful as a starting point to explore the tax obligations involved in cryptocurrency transactions.

[ATO Tax treatment of cryptocurrencies](https://www.ato.gov.au/general/gen/tax-treatment-of-crypto-currencies-in-australia---specifically-bitcoin/?page=1)
[Transacting with cryptocurrency](https://www.ato.gov.au/general/gen/tax-treatment-of-crypto-currencies-in-australia---specifically-bitcoin/?page=2)
[Record keeping for cryptocurrency](https://www.ato.gov.au/general/gen/tax-treatment-of-crypto-currencies-in-australia---specifically-bitcoin/?page=4#Record_keeping_for_cryptocurrency)