Uncensorable Voting Platform built by 14-Year-Old

A fourteen-year-old developer Alex Pasfield founded ‘Bitcoin Voice' platform that allows uncensorable voting  within the bitcoin cash network
10 April 2018   1753

Alex Pasfield, who is also known as ‘Plain Crypto’, started a platform that lets the BCH and BTC community vote on significant subjects by ‘putting their money where their mouth is’ — in a literal meaning. Bitcoin Voice is an app that reveals public messages attached to blockchain transactions that are sourced from live data. The website declares that it “may be utilized as a verifiable voting record of blockchain users weighted by their transaction amounts.”

Pasfield claims that he coded his first programme at the age of nine. It was his dad who had sparked his interest in cryptocurrencies and bitcoin. Alex remembers riding a bicycle with his father who started to explain to him how programming languages work, and he understood the process.

My dad had been teaching me programming at the time and then gave me insight into uncensorable, distributed, peer-to-peer, permissionless, global money systems — And given he and I have somewhat of a libertarian streak, this resonated with me immediately... I was working with some of my smart friends who were building solutions in this space, and we saw the debacle that unfolded with the censorship on the /r/bitcoin subreddit that prevented the community from freely discussing how to evolve the Bitcoin protocol.

Alex Pasfield, a 14-year-old developer.
 

The Bitcoin Voice programmer underlines that there is only one client where you can vote using public label values, which is the Bitcoin Unlimited Cash reference client. Pasfield supposes what is really needed is wallet developers incorporating the public label voting system into their wallets.

Alex has been exploring different scaling problems and aims to propose decisions to figure out how scaling can best be solved for the different coins out there. The young developer also claims that the reason he created the Bitcoin Voice platform is because “coin holders don’t have any official, verifiable voice to influence the coin that they’re invested in.”

Israeli BTC Investors to Face Catch 22

They need to pay taxes from Bitcoin investing in order to avoid their property arrest, but banks don't take their money due to AML issues
06 August 2019   148

Bitcoin investors in Israel are faced with the impossibility of paying taxes, as local banks refuse to accept funds received from the sale of cryptocurrencies because of the risks of money laundering and terrorist financing. About this writes the local edition of Haaretz on August 6.

Bitcoin is not recognized as a currency in Israel, therefore, individuals must pay 25% of the income from cryptocurrency trading to the treasury, and legal entities - 47%.

Investor Ron Gross told the publication that he acquired bitcoins in 2011 and reported his income to the tax office. In 2017, the bank that served Gross began to refuse to accept funds received from the sale of bitcoins. The investor met with representatives of the bank to demonstrate to them a 70-page history of bitcoin transactions as confirmation of the origin of the funds, but failed to convince them.

The tax authority is aware of the problem, but they say the ball isn’t in their courts. I’ve tried working with almost all the banks, but the minute they hear the word ‘Bitcoin’ they freeze up.
 

Ron Gross

Bitcoin investor from Israel

 

Since Gross was unable to pay taxes on time, his bank account, home, and even scooters were arrested. According to the investor, the tax authorities know about the problem, but can do nothing.

According to Haaretz, the tax office is aware of $ 86 million in unpaid taxes on income from cryptocurrency trading. It is possible that the real amount may be significantly higher.

Roy Arav, another Bitcoin investor, kept the proceeds from trading Bitcoin in an account with Israeli bank Discount under the control of the Bit2C exchange. The bank refuses to transfer money to Arava’s personal account under the pretext that its politicians forbid it to transfer funds related to virtual assets to client accounts due to the risks of money laundering and terrorist financing.

Arav also could not pay taxes and was forced to sue the bank. According to the investor, the authorities entered his position and granted him a deferral of time for the consideration of the claim.