Posts by Ju Li Ling

1) Message boards : Questions and problems : [Discussion] 4th Generation BOINC credit system (Message 69522)
Posted 8 May 2016 by Ju Li Ling
Post:
Here's the deal. Team Gridcoin is paying people to do a job. The members are not mining directly, so it's not a pool. The members are crunching boinc projects for profit. That puts every single member under contractor status and should by law be required to fill out a 1099 before doing a thing. Advertising on most of the boinc sites makes it sound like free money. It's not free. They are doing a job and getting paid. Most of the members are not paying taxes on it I assure you. Comingt forward to ask boinc to fix the credit system to stop the cheating was the worst move any blunderhead could have made. According to the guidelines in the US, Team Gridcoin is a cheat, a fraud and a thief. I hope the "owner" and the admins have enough for a lawyer for their members. For when the servers start getting comp4nscated to find out who is doing the work and also the ones getting paid to crunch, it's nt going to s6op with the heads of gridcoin since4, nobody has bothered to file a 1099. Team Gridcoin is illegal that it's a non-profit organization hiring people and recruiting from other teams while playing to cruncher's greed. You can try to argue all you want and ju8stify why it's perfectly ok to do what it's been doing for over years. Sadly, tham Gridcoin has violated and skirted the laws for far too long. I'm surprised nobody has had the gumption to call them on this until now. So many of the reams talk about Gridcoin without a clue how to handle them Well I say, lets stop the cheats......it's time to call the team for what it really is a business that doesn't pay a cent in taxes. So, pucker up buttercup. The taxman is a coming.
2) Message boards : Questions and problems : [Discussion] 4th Generation BOINC credit system (Message 69518)
Posted 8 May 2016 by Ju Li Ling
Post:
As things were explained to me, the IRS really isn't interested in Boinc itself or the projects. They want to know if taxes are being paid. They want IP addys. If someone is using company equipment to turn a personal profit by earning a taxable currency, they really don't care. What they want to know is if the companies are bothering to claim it on their businesses taxes. If not, they are going to get a hefty fine. Chances are, someone's gonna get fired if they are lucky. If not, they are looking at jail time for fraud, theft, and tax evasion. They have a copy of gridcoin's white list and will be digging up everyone's IP who is connected with the white list. The projects themselves can expect a visit from the taxman just to get the info they seek. As for me, I could care less if someone makes a profit or not. I just expect a cash reward for turning this in. Teams like gridcoin shouldn't exist. They ruin the fun for everyone.
3) Message boards : Questions and problems : [Discussion] 4th Generation BOINC credit system (Message 69513)
Posted 8 May 2016 by Ju Li Ling
Post:
I'm sorry. I have to laugh at this discussion. Why volunteer our time crunching projects with the Boinc software when one can volunteer and get paid too! LOL I see two choices here. Fix the credit system so all projects pay the same and extend the reward system of getting paid to all teams......or.....ban Gridcoin from Boinc teams. I heard the taxman is curious about this and is looking into Gridcoin paying people and also looking into pulling the non-profit status from Boinc in general. Hope you have fun with the red tape thanks to a team like Gridcoin.



Copyright © 2024 University of California.
Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License, Version 1.2 or any later version published by the Free Software Foundation.