RE: Powering Up - An Honest Analysis of Hive that Once was Steem

Thanks @fieryfootprints that clip is awesome. I love the bit where he says... "His power level is over 8000. No way, that can't be right." 😂

Believe 😂

What scares me the most is that I still don't understand how taxes and crypto mix together. For example if I buy x amount of hive right now in 5-10 years I will hopefully have much bigger amount of hive. So if I will decide to sell it how am I supposed to prove that I got that hive legally?

I have absolutely no idea to be honest. I suspect that basically once you cash out to fiat you have to pay similar tax as you would on profits from any investment. But I don't know this to be fact. In regards to proving that you earned the hive through posting etc... well that can be shown by querying the blockchain. the stats can be pulled to show that quite easily for those who know how.

Can you please remind me what level is dolphin and what level is orca?

As far as I know the levels are thus in HP:

Dolphin:5,000
Orca: 50,000
Whale: 500,000

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