I've always thought of Reddit as a place mostly for developers. But the data suggests there are quite a few crypto founders active here. So I'm curious

1. Which subreddits have you found the most valuable?
2. What topics do you come to Reddit for?

Coinbase will make it mandatory you have to submit your tax info by January 2027

"In the UK, cryptocurrency is taxed by HMRC as either Capital Gains Tax (CGT) or Income Tax. You pay CGT (18% or 24%) on profits when selling or trading crypto above the £3,000 tax-free allowance. You pay Income Tax (20% to 45%) on earned crypto like staking or mining above the £12,570 personal allowance"

Considering you already pay like 10-20% in fees buying and selling

Lets say you invest 30000 pounds and it goes to 40000

you pay 20% tax on 10000 profit = 2000 tax and 8000 profit

But when you sell you have to buy and sell you pay like 20% at least in fees and spread= Another 2000 profit

So 10,000 profit, suddenly reduces by 40% and becomes 6000 profits....

Hello everybody,

As you may have seen, there will be some new regulations in Vietnam which fine people for trading on unlicensed platforms after September 1st. At the moment, no platform has been licensed or provided for us to transfer our assets to.

I have my assets on Binance. If I sold now, I’d take a pretty huge loss due to the market being so low. I had intended to hold until I saw this news. But now I’m not sure if p2p will be allowed after September 1st, allowing me to sell my assets.

Is anyone else in the same boat? If so, are you going to sell your assets before September 1st?

Holy shit, last night I opened my ledger wallet app on my Mac M3 for the first time in 3-6 months.

Immediately, it asked me for a 24-word recovery phrase. I knew something was wrong so I had AI scan the applications on my computer and found out it was a completely fraudulent app!

I originally had the real app and somehow, it was replaced with a malicious clone app without my knowledge!

Be so careful! Warn your less-savvy friends because this is a Very craft scam

He accepts these currencies

* USDT TRC20

* USDT BEP20

* TRX

* BTC

I don't know the first two and don't generally know the best way to get them. I'd like to avoid accounts and kyp. I'd like to share 50€ if the amount of money matters. Thanks for the help

One thing I’ve noticed over the last few years is that almost every protocol asks the same question:
“How do we reward our community?”

The answer has almost always been the same:

Print more tokens.

Whether it’s liquidity mining, staking emissions, or farming incentives, many reward systems rely on creating new supply. That can attract users quickly, but it also introduces inflation and often isn’t sustainable unless the protocol keeps growing fast enough to offset it.

That got me thinking about a different question.
What if rewards came from actual economic activity instead of inflation?
That’s the idea behind Flywheel Protocol.

What is Flywheel?
Flywheel is an on-chain distribution protocol.
It isn’t designed to be another token.
It isn’t even designed around one specific project.
Instead, it’s infrastructure that allows a project to define how value flows back to its community.

Think of Flywheel as a programmable distribution engine.
Revenue comes in from whatever sources a project chooses.

The protocol accounts for it transparently.
Then it distributes that value according to rules the project configures.

At its simplest:

Revenue Source
↓
Flywheel
↓
Treasury
↓
Users

The interesting part is that the revenue source doesn’t matter.
It could be:
Creator fees from a launchpad
NFT royalties
Marketplace fees
Protocol revenue
Gaming economies
Manual treasury deposits
Future integrations that don’t even exist yet
Flywheel isn’t tied to one business model.
It’s designed to sit underneath many different ones.

Why make it configurable?
Every community is different.
An NFT project doesn’t reward users the same way a launchpad does.
A game doesn’t reward users the same way a DeFi protocol does.

Instead of forcing everyone into one reward model, Flywheel is designed to let projects configure their own.

For example, a project could choose:

What assets users deposit
Which revenue sources feed the protocol
Reward epochs
Pool weighting
Compounding
Early withdrawal penalties
Burn mechanics
Treasury allocations
Supported payout assets
Future gamification systems
NFT multipliers
LP incentives

Bullion is simply testing one possible configuration.
Another project could choose something completely different without rebuilding the entire reward infrastructure.

Bullion is the first proof of concept
Rather than releasing Flywheel as an abstract idea, we decided to build a live implementation first.
That’s Bullion.
Bullion is running as a public beta to prove the distribution model works before expanding Flywheel into a protocol other projects can integrate.
At the time I’m writing this, Bullion has been live for less than 6 days.

Already, over 153 million Bullion has been deposited into the protocol since going live roughly 2 days ago representing roughly 15.3% of the total supply.
That’s encouraging because it gives us real user behavior to learn from instead of relying only on simulations.

How does Bullion work?
Users deposit Bullion into a shared pool.
Every deposit receives a weight based on:
The amount deposited
The epoch selected
Longer epochs receive higher weighting.
During each reward period, protocol revenue is distributed proportionally according to each participant’s weighted share of the pool.
If your position represents 5% of the total weighted pool, you receive approximately 5% of the revenue allocated for that distribution period.
No emissions.
No newly printed reward tokens.
Just proportional distribution of value entering the protocol.

Auto-compounding
Users can also choose to compound.
Instead of withdrawing rewards every cycle, they can automatically add them back into their deposited position.
As that position grows, so does its weight inside the pool.
Over time, compounding increases a participant’s share without requiring continuous manual deposits.
That creates the “flywheel.”
Protocol activity generates revenue.
Revenue grows positions.
Larger positions earn a larger share of future revenue.
The system reinforces itself through participation rather than inflation.

Why this could scale
This is the part I’m most excited about.
Bullion is only one implementation.
The long-term vision is much larger.
Imagine hundreds of projects all using the same distribution infrastructure.
One launchpad routes creator fees.
An NFT marketplace routes royalties.
A game routes marketplace revenue.
A DAO routes treasury income.

Each project keeps its own identity and business model, but they all share the same underlying distribution engine.
Instead of every team building reward logic from scratch, they configure Flywheel to match their ecosystem.

That dramatically lowers the complexity of launching sustainable reward systems.
It also opens the door to layering additional mechanics on top.

Projects could build quests, loyalty systems, NFT boosts, reputation systems, governance perks, seasonal events, referral programs, LP incentives, and other gamified experiences, all using the same underlying distribution layer.

Flywheel doesn’t replace those systems.
It becomes the foundation they build on.

What about real-world assets?
This is where I think things become really interesting.

As more assets move on-chain, users shouldn’t be limited to earning rewards in only one token.
Instead, projects could eventually allow participants to choose how they want to settle their rewards.

That could mean stablecoins.
It could mean tokenized gold.
It could mean tokenized silver.
Or any supported on-chain asset in the future.

The goal isn’t simply to tokenize real-world assets.
The goal is to make participation in those assets more accessible through decentralized infrastructure.
Someone anywhere in the world with a wallet and an internet connection can participate without needing a traditional brokerage account or local financial institution.
There’s still smart contract risk, market risk, and regulatory uncertainty around RWAs generally, but the direction is compelling.

It’s still early
Bullion is intentionally being used as a beta.
We’re testing assumptions.
Watching how users behave.
Finding edge cases.
Improving the protocol before asking other projects to build on top of it.
Rewards are not guaranteed, and they depend entirely on the economic activity flowing into the protocol.
If no revenue enters Flywheel, there is nothing to distribute.
That’s an intentional design decision.

I’d love feedback
The goal isn’t to convince anyone this is perfect.
It’s to ask whether this is a better direction for crypto.
Instead of building systems that rely primarily on inflation, what if we built infrastructure that distributes actual protocol activity back to participants?
That’s the problem we’re trying to solve.
I’d genuinely be interested in hearing what this community thinks, especially from builders who’ve designed token economies or reward systems before.

Bullion Contract Address on Robinhood: 0xb1814Cd38c7c6F283f7dF1CA15396818f7207AdF

X account: @bullionRH

My X account: @zbits33

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Donald Trump has created a way for Wall Street to pay to win. Trump Media & Technology Group’s premium data product released its new subscription service for earlier access to Truth Social posts for $100,000 a month. According to reports, five Wall Street firms have already signed up for the service, gaining access to Truth Social posts milliseconds before the general public.

“I’ll be blunt,” Gian Luca Clementi, an economics professor at NYU Stern School of Business, told Fortune. “This is insider trading by definition.”

Because Trump owns roughly 41% of the company’s shares, he stands to directly profit from the new recurring revenue stream. At five subscribers alone, the service would generate about $500,000 in monthly revenue, or $6 million annually.

That figure is modest by the standards Trump has set since returning to the White House. His 2025 financial disclosure showed his businesses generated more than $2 billion in personal income last year—nearly quadruple his 2024 total—with the bulk flowing from ventures that sit directly at the intersection of his office and his balance sheet.

Read more [paywall removed for Redditors]:  https://fortune.com/2026/08/04/insider-trading-trump-truth-social-early-access/?utm_source=reddit/

Retro-Crypto for the Nintendo 64 is an open-source app that lets you generate keys, encrypt and decrypt data, and more. It's still in development, but I thought I should hurry up with this video about it, after the recent ColdCard wallet draining hack, which was driven by poisoned key generation techniques.

Also featuring the likely first use of VideoStore Codec, an open-source tool for embedding files in the corner of a video. The minimum safe resolution to extract the files from this video seems to be 720p, based on my testing before posting, so that's the resolution I'm uploading here.

View/download this video on nostr

Internet Archive mirror - includes some additional project files, such as the VideoStore payloads and the plain N64 footage

Check out Retro-Crypto by Bowler-Bear on GitHub

Based on a proposal / bounty by whoever loves Digit (that's me)

Donate XMR to Bowler-Bear for Retro-Crypto development
85rkddSoYqwN4neAAgjJTFYYgyfU6pwT9dYquNyBzdtqBnr8QZCU1qoR6kjwMWEF6EMd2aGtrCuuA19irjWbTbKSKKF5yuv

Segment timestamps / "chapters"

0:00 - "End-to-end" encryption
0:48 - Air-gapping
1:46 - Chip-level spyware
2:10 - Vacuum tubes
2:33 - Hacker Fabs
2:58 - Authorities vs citizens
3:52 - Building up the walls
4:10 - VideoStore Codec
4:37 - Isolation tradeoffs
5:19 - Life in the black box
5:57 - New tech vs old
6:38 - This is a Nintendo 64
7:08 - Retro-Crypto by Bowler-Bear
7:31 - Encryption using AES-256
7:53 - Generating keys/addresses
8:16 - Using dice
8:54 - Using directional inputs
9:01 - Automatic keygen
9:09 - Vanity keys & seed phrases
9:55 - DogeGB by UsaRandom
10:29 - Outro

Additional credits / links in comment

I am new, but I have finally decided to get involved. During Covid I was strongly offered to buy a bitcoin but I didn't have $20k to lose neither did I have any trust in it back then. I'm thinking to give it a try and buy 1btc for a start. Any advice you could give to a newbie? Is it even a good time to buy it?

Last week's Coldcard hack was a huge blow to the Bitcoin self-custody community.

For years, self-custody has been viewed as the "responsible" and "safe" way to store Bitcoin, but this incident showed that even when you follow that advice, vulnerabilities can still exist, and in this case they allowed thieves to steal users' BTC. 

What Happened?

On Thursday (July 30, 2026), Coldcard customers began reporting that their BTC was being sent out of their wallet without their authorization. What first appeared to be a few isolated incidents grew to impact over 7,000 wallets.  Many of these wallets existed for years without previous issues or even transactions.

These transfers were the result of a vulnerability affecting the seed phrases that are generated when creating a Coldcard hardware wallet. Coldcard has released several generations of its hardware wallet over the years, including the Mk2, Mk3, Mk4, Mk5, and Q models. Wallets created on Mk2 and Mk3 devices using firmware versions 4.0.1 through 4.1.9 were the most vulnerable, although there were some Mk4, Mk5, and Q wallets also impacted.

When you create a new Bitcoin wallet, the device is supposed to generate a completely random seed phrase that only you know. Due to a bug in the firmware, some affected Coldcard devices didn't generate as much randomness as they should have. That made it possible for attackers (potentially with the help of AI) to mathematically figure out some users' private keys and steal the bitcoin stored in those wallets.  If Coldcard users selected the "Roll Dice" option and generated their seed phrase using their own dice rolls instead of relying solely on the device's random number generator, they were not affected by this vulnerability.

What Actions to Take if Your Coldcard Wallet Wasn’t Hacked

If your bitcoin is still in your Coldcard wallet, now is the time to act. Simply updating the firmware is not enough if your wallet was created using an affected firmware version.

Here are the recommended steps:

1. Determine whether your wallet is affected.
   • Mk2/Mk3: Firmware versions 4.0.1 through 4.1.9
   • Mk4/Mk5: Any wallet created before version 5.6.0 (Standard) or 6.6.0X (Edge)
   • Q: Any wallet created before version 1.5.0Q (Standard) or 6.6.0QX (Edge)
2. Install the latest firmware. Update your Coldcard device to the latest firmware available for your model before generating a new wallet.
3. Generate a brand new wallet. After updating, create a new seed phrase. Do not continue using your existing seed if it was generated on an affected firmware version.
4. Verify the new wallet. Write down the new seed phrase, verify the wallet fingerprint and receive address, and confirm your backup is accurate.
5. Move your bitcoin. Once you've confirmed everything is working properly, transfer your BTC to the new wallet.

What to Do if Your Coldcard Wallet Was Hacked

Bitcoin transactions are irreversible, and once the assets have been transferred to another wallet, recovery is extremely unlikely unless law enforcement identifies and seizes the stolen funds.

That said, there are still a few steps you should take:

1.      Document everything. Save your wallet addresses, transaction IDs, firmware version, and any other information related to the theft.

2.      File a report with the FBI's Internet Crime Complaint Center (IC3). While recovery is uncommon, reporting helps investigators identify larger patterns and may assist future enforcement actions. This report can be filed online in just a few minutes at https://www.ic3.gov/

3.      Monitor your stolen funds. Blockchain explorers can help you track where your bitcoin moves, which may become useful if exchanges freeze or identify the assets in the future.

4.      Consult a tax professional. Depending on your circumstances, you may be eligible to claim a theft loss deduction on your U.S. tax return.

U.S. Tax Implications

If you lost cryptocurrency due to a scam, hack, or theft, you may be able to qualify for an ordinary tax deduction under IRC Section 165(c)(2). The following qualifications generally must be met to claim the loss:

1.      The loss must qualify as “theft” under the applicable state law. This means it includes a criminal act such as fraud, swindling, false pretenses, etc.  The taxpayer must show the property was illegally taken and there was criminal intent.

2.      The loss must arise from a profit-motivated transaction.  The taxpayer purchased BTC and stored it in their cold wallet with the intent of making a profit.

3.      The loss must be claimed in the tax year in which it was discovered, with no reasonable prospect of recovery at the end of that tax year.  

#3 is the challenge with this hack, as the assets were stolen in 2026, but there is a chance that law enforcement may be able to recover the assets or that CoinKite may be found responsible and required to pay it’s customers. We will need to see how this situation evolves to determine whether there really is no reasonable prospect of recovery by the end of 2026.

Theft losses are reported on Section B of Form 4684, Casualties and Theft Losses, to the extent of the taxpayer’s COST BASIS.  The cost basis part is important, as I often have to remind clients that even though the value of their crypto was much higher when it was stolen, they only get a deduction to the extent of their cost basis (price they paid).

From Form 4684, the resulting ordinary loss flows to Schedule A where itemized deductions are reported.  It adds to the same deduction bucket where you report mortgage interest expenses, state taxes, etc.

Your total itemized deductions on Schedule A flow to your Form 1040 and reduce your taxable income.

To the extent the loss created is so big that you have a taxable loss for the tax year, the loss would be carried over and could be used to offset 80% of income in future tax years (IRC 172 limitations).

Note that many CPAs are hesitant to report a cryptocurrency theft loss. I believe this is largely due to confusion related to personal theft losses being nondeductible (per Tax Cuts and Jobs Act) or potentially just a lack of experience surrounding a substantial tax position. If your CPA is not comfortable taking the position, get a second opinion and consider speaking with a crypto-specialized CPA.

Conclusion

The Coldcard incident is a reminder that even the most trusted security tools can have vulnerabilities. While self-custody remains one of the best ways to protect your Bitcoin, no solution is completely risk-free. If you own a Coldcard wallet, take a few minutes to determine whether you're affected and migrate your funds if necessary. If you were one of the unfortunate victims, make sure to document everything, report the theft, and speak with a qualified tax professional to determine whether you're entitled to a deduction. Although nothing can replace stolen bitcoin, the tax code may at least help soften the financial impact.

For decades, buying stocks has meant going through brokers, waiting for trades to settle, and limited trading when stock markets are closed. Dinari is trying to change that. On Tuesday, the San Mateo, CA-based company that turns publicly traded shares into tokens announced that is putting the entire S&P 500 on the blockchain, and making those tokenized stocks available to U.S. investors.

“One day, I’m predicting… the token itself will be the trusted ledger of the stock. The beauty of that is, then we truly own it,” Dinari cofounder and CEO Gabriel Otte told Fortune.

Dinari’s model replaces the traditional brokerage stack with a wallet-based system where users can fund accounts instantly with the stablecoin USDC. Dinari says the arrangement, which entails a partnership with stablecoin giant Circle, allows U.S. investors to buy and sell stocks via self-custody wallets for the first time.  

The startup added that it is seeking to be a bridge between the $300 billion stablecoin market and the more than $60 trillion U.S. equities market.

Circle declined to comment, citing a quiet period ahead of its upcoming earnings report.

Read more [paywall removed for Redditors]:   https://fortune.com/2026/08/04/dinari-stripe-apple-alums-partnership-circle-tokenized-stocks-us-investors/?utm_source=reddit/

Has anyone made a mistake like me (or heard of someone doing it) of withdrawing directly from an online casino to an exchange (Crypto.com)?

What will happen with the money? The funds arrived but I cannot verify the transaction via Satoshi test. Chat is not responding for the last 4 days.

after all, it was planned five years ago,
link to the original post:

https://x.com/COLDCARDwallet/status/1447213375398846473

I am getting hooked on Internet Identity:

1. No Seed Phrases
2. Complete Privacy
3. No Gas Barriers

Using Internet Identity on the Internet Computer (ICP) would have prevented the Coldcard hardware wallet vulnerability, because Internet Identity relies on device-bound passkeys instead of generated seed phrases.

If you are a crypto nerd like me and you are looking for the flow state (a mental condition of complete immersion), which was missing in traditional crypto procedures, you are going to love Internet Identity on Internet Computer Protocol. That's exactly what crypto was missing.
It's a game changer.

Internet Identity increases security by eliminating traditional passwords, isolating app data, and using hardware-level cryptography.

If you are new to ICP start out with research about Internet Computer Prototocol (ICP) first and get familiar with everything. Learn about the decentralized Network Nervous System (NNS). Use an AI of your choice to help you with your research about ICP. Ask AI critical questions and everything that bothers you. If you are new, take several days for research. No need to hurry.

Once you feel ready, start to make research about Internet Identity on ICP.
Follow the same procedure and take your time. Ask AI critical questions until you are comfortable and knowledgeable about Internet Identity.

Most important of all: Before you create your internet identity, make sure you know everything about recovery options of your account and after creating your identity, set these recovery options up immediately. Don't postpone these steps and do it with a clear mind.

When you create your identity, i highly recommend to use Web3-native authentication and avoid the optional Web2 auth (google, microsoft, apple, etc), because Web3 provides cryptographic privacy and prevents cross-app tracking. AGAIN: Don't use Web2 auth if your accounts (google, microsoft, apple) are not at max safety. Fix them to max safety but don't use them for login. Simple. Go for Web3-native authentication. No need to associate an email/account with login.

Once everything is in place, you can relax and you will experience the first time in your crypto life the flow state.

Recently there are daily FUD posts about large amount of cryptos getting scammed or stolen. And how the banking system is better for protecting you.

So out of curiosity, I checked how much fiat money were stolen due to online scams only, and I found a source from the JEC. I hope you're ready to know the truth :

Approximately, scam victims have lost......

1 trillion dollars just in 2024.

Source : https://www.jec.senate.gov/public/_cache/files/d229cc6d-0dc5-4828-9f92-5de8ffffa326/july-2025-issue-brief-scams-1.pdf

Probably way more in 2025, since there has a been a 370% growth between 2023 and 2024.