I agree with all points in the PBS NewsHour segment about why minority owned businesses struggle to receive PPP loans. While I don’t think it is only minority owned businesses, but just any business with 10 or fewer employees. The…
Should you use DAI or a different stablecoin?
DAI has its own liquidity issue and considered using a stablecoin as collateral. USDC is backed by fiat, so they are going back to fiat because their clever algorithm doesn’t work as intended sometimes. If you’re going to fall back…
PPP maximum loan amount for self-employed (1040 Schedule C Line 31)
Been reading on reddit in the small business subreddit and people seem to be confused on how to calculate the maximum loan amount for the PPP (Paycheck Protection Program). https://about.bankofamerica.com/promo/assistance/latest-updates-from-bank-of-america-coronavirus/small-business-assistance?cm_sp=EBZ-BAC-Announcement-_-BACAnnouncement-_-AMT2QG7J01_SB_SuperHighlights_SBCares_SHL_sbCaresAssistSBShlCta And here is the link to the guidance from US…
Do the rich really need a tax break during covid-19 via CARES Act?
Fine times, we are living in. People making $200k or $1M really need tax relief right now? https://qz.com/1854006/congress-faces-fury-over-cares-act-tax-breaks-for-the-rich/ He and Doggett, both members of the nonpartisan Joint Committee on Taxation (JCT), asked for an analysis of the tax breaks after…
What to do about contact tracing as covid-19 wanes?
We don’t have enough contact tracers to meet the demand. Considering how our government is not to be trusted with our personal data (e.g. Edward Snowden, NSA Prism), digital contact tracing is a hard sell. 1-on-1 contact tracing is acceptable…
2020 Economic Stimulus Payment Mishaps
2020 Coronavirus Economic Stimulus (USA) payment mishaps ABC11 in Durham, NC is reporting some mishaps with the initial set of direct deposits for the 2020 Coronavirus Economic Stimulus Bill. Each adult is eligible to receive up to $1,200 USD and…
Coronavirus (covid-19) return to work
My response to Should we let people die and open up the economy? Let’s say you a founder of a startup. If you die because of covid-19 (the 244k people you mentioned) what happens to that company? It will either…
What is the best way for me to “stake” BiblePay and earn BBP?
There are many ways to “stake” and “earn” BiblePay (BBP) Absolutely free methods to earn BBP: Faucets https://www.biblepay.org/freebbp/ Methods that require BBP: Masternode / Sanctuary sanctuary (masternode). If you have 4.55M you can make your own sanctuary and you will…
How do I perform a mandatory upgrade to BiblePay 1.5.0.7?
This help guide assumes you are using the installation defaults for Windows 10 using a 64-bit operating system. Download http://biblepay.org/biblepay-win64.exe Quit BiblePay wallet Install the the biblepay-win64.exe executable You are getting this screen because the the default location for BiblePay…
What is the profitability of a BiblePay (BBP) masternode (sanctuary)?
BiblePay sanctuary (masternode) ROI Currently, the sanctuary reward is a 1.7777 multiplier relative to a miner reward. A masternode (sanctuary) pays out better than Dynamic Whale Stake (DWS) currently. At current calculations, a 4.55M BBP masternode will earn about 2M…