### US tax authority is arranging a crypto summit – wants to listen to the industry

The US tax authority, the IRS, will arrange a summit with several big crypto companies in early March.

And if you're a crypto skeptic, you will at least collect a check for $1 million.

You may have heard of the world-famous math problem P versus NP. If you can prove that it is correct, or not correct, you can earn a hefty sum of money.

First, you would get $1 million from The Clay Mathematics Institute in Cambridge in the United States. The equation is one of the so-called Millenium Prize problems, which the American institute pays big money for solutions to.

The next thing you could do, at least if you prove that the equation is correct, is to steal all the bitcoin in the world. At least if one were to believe an expert in the field.

“If someone proves P=NP, the first thing they should do is steal $200 billion in bitcoin. The second thing they should do is solve all of the other Millennium Prize Problems”, said US computer scientist **Scott Aaronson** at a conference in New Mexico last week, Gizmodo reports.

The reason for this is complicated. But in simple terms, P represents solutions that computers can perform within a certain time frame. NP, meanwhile, are problems that are difficult to solve but easy to correct (think sudoku!).

Currently, there are many NP problems that cannot be resolved within the time frame of P. The equation asks if all NP problems can be solved within P time.

Bitcoin’s mining systems and security keys are often based on NP problems. Should you be able to prove that all these can be solved within P time, you could also solve all NP problems, and thus become very, very rich, Gizmodo reports.

Time to start calculating!

*If you are more eager to make money from bitcoin through trading – this may be the right time to invest. The world’s biggest cryptocurrency is on its way up.*

The US tax authority, the IRS, will arrange a summit with several big crypto companies in early March.

On Wednesday, two letter bombs exploded in the Netherlands. The person behind the explosions is demanding a ransom in bitcoin to stop the attacks.

Hackers have allegedly stolen the equivalent of over $70,000 from the Italian crypto exchange Altsbit. Now the crypto exchange is choosing to shut...

Som Trijo News-läsare får du chansen att testa vår beta redan i dag.