You are viewing a single comment's thread from:

RE: SteemReports - Steem Financial Accounts Tool

in #steemdev6 years ago

I like the initiative, though not sure this is the optimal approach, if using monthly averages.

To keep in mind: averages won't give accuracy.

Could end up overpaying the taxman with this. Though likely to overpay even more, considering this'd be averaging to consider 'earnings' simply as "income" - overlooking that matter of capital gains/losses.

Of course, the capital gains/losses matter is a fucking headache and a half, because how do we determine which exact Steem being withdrawn was earned when?

That question aside, I think it'd probably be possible to improve upon this design as could probably pull data from the blockchain - and possibly APIs from exchanges like Poloniex/Bittrex, if not from Steem itself - to determine the precise dollar value (in any denominated currency, pulling exchange rates from other official sources) of each precise curation & author reward at the time it was sent.

Would be more complicated to program, though I'd be happier using that as a starting point rather than attempting to use averages - even if it didn't address the capital gains/losses factor...

Sort:  

It uses historic daily currency rates (from https://www.cryptocompare.com), not monthly, so I think the accuracy should be good enough for most purposes. Though it's not yet well tested.

Coin Marketplace

STEEM 0.29
TRX 0.12
JST 0.032
BTC 63207.78
ETH 3068.52
USDT 1.00
SBD 3.87