Bitcoin Forum

Everyone should sign the petition and spread the links.  The IRS's recent ruling on how it will tax Bitcoin and crypto currencies are going to directly effect us all but especially negative is the requirement for miners.

http://www.cryptocoinsnews.com/2014/03/29/white-house-petition-amend-irs-notice-2014-2-taxing-virtual-currencybitcoin/ (http://www.cryptocoinsnews.com/2014/03/29/white-house-petition-amend-irs-notice-2014-2-taxing-virtual-currencybitcoin/)

Or just wait for their shitty money-grab campaign to hit the news, create enough bad publicity that they have to stop.

It's how we won the copyright war, and it's how we'll win the crypto-tax war.

I like it the way it is;

Bitcoin is property and each coin can be individually tracked by its hash.

You can design a wallet that will spend newest hash first to reduce your tax liability below where it would be as a currency...

You cannot be required to sell one property before another because property is not fungible...

i laugh at the panicking people that have not fully understood the ruling or the method of tracking/auditing. nor spoke to a accountant about it, but they simply start a petition to change something they dont understand.

yup, but they won't get the necessary support because plenty of other people see it differently.

It's a burden for mining, however there are loop holes in that one too...

Here's my "petition" to the IRS:

http://img2.wikia.nocookie.net/__cb20081220105234/uncyclopedia/images/1/1c/Go_fuck_yourself.png

Oh, sorry... you can't buy a vowel. We only accept real money, not your worthless fiat clown-currency monopoly money.

How many ways can you split a hair exactly?

That sounds fairly proper for treating Bitcoin what is the alternative suggestion or approach then

Well my problem is that my accountant actually said a lot of very reassuring things, except they appear to be directly contradicted by the IRS publication even though he's read it.  I don't really feel like getting audited.

Well I like the tax implications with regard to purchasing BTC.

I suppose the real question is about mining. When a coin is mined it's a capital gain. However, a capital gain is valued on the market value and it isn't taxable until you take possession of your property. If you don't own the private key you don't own BTC remember?

You cannot be taxed on coins that you do not yet own.

When you pool mine BTC for profit you should have your coins transferred to an exchange where they can be traded for USD. You have never owned those coins, the blockchain will confirm that they were never in your possession, and a reasonable argument could be made to eliminate capital gains tax because of the ownership.

Don't send coins to your private address from the mining pool; trade them for USD, then buy BTC with USD and spend the newest hashes first... Capital gains on miners is greater than regular income. This should be sufficient to claim it was regular income.

The law is on your side when it comes to property.

You are still misunderstanding the process.  Without your documentation of your mining operation, the government see that you had unexplained funds transferred to your bank account.   They will want to tax all of it at the regular income tax rate.

If you want to lessen your tax liability, you would document your expenses in your mining operation to deduct it from gross income, and if you held onto the profits for more than a year, you would document the gains from your holdings at a lower capital gains rate, which is how Warren Buffet and Mitt Romney pay lower tax rates than the average American.

If you hypothetically wanted to evade taxes and break the law, you would find methods that don't trigger a report to the IRS.

With miner hardware and electricity costs some people make big losses they can deduct that is for sure.

I met with a CPA today and he seemed to advise we only record income on spent BTC. For example, I buy mining gear with BTC, so the act of exchanging BTC for dollars or a good that are "real" is when we will record as income. Some of his advice seemed to contradict the IRS Q&A publication, but when I pressed on those he made the point that if I'm holding and not exchanging that it doesn't need to be reported as there's no taxable event. What he was advising sounded a lot like what I was hoping for, or what I thought would make more sense, but I do know the official guidance seems to state things differently. We both agreed it seems silly to report income on a virtual thing that is highly speculative. I mean, if you get $90k in mining payouts but at the year end some big news makes BTC worthless or illegal then you would owe taxes on that income but never saw any dollars, services, or physical goods from purchases because it was never exchanged and ended up worthless. He did say their guidance seems unclear enough that we come up with a method and stick with it until/unless they clarify. Lastly, a bit of confusion how to report some of the expenses, but I need to send him my spreadsheets, more to come...

there's no need to change anything!

So what if miners have to pay tax on coins?
All it means is they can't postpone taxes by
hoarding.. so what?  

IRS has all kinds of BS rules...and there's just
as many ways to legally avoid them.  Any
smart company knows all this.

What does this have to do with the future of bitcoin?  nothing.

And if bitcoin were to be treated as a currency rather than
property, I think the same thing would happen -- miners
would have to be tax for receiving the currency through
their mining.  In both cases its income...

P.S. even if there was a problem, petitioning the whitehouse
wouldnt do shit

Do you have reading comprehensive problem? English isnt my first language and i can even understand IRS ruling perfectly.

Do you understand what "capital gain" mean? Think about it for 5 sec.....Let me explain to you what IRS is saying:

MINING will not be taxed as capital gain (since there is no capital in the first place ...duh), it will be included in gross income.

Capital gain ONLY APPLIES to SELL AND BUY btc as bitcoin is a property.

So any mining income will be taxable income. When you sell those mined btc, you might have capital gain/loss. Remember the max capital loss you can claim per year is $3k, the rest will be rolled to next year.

I'm understanding it clearly. The tax rate on a capital gain within 1 year of acquisition is greater than standard income tax.

I'm not telling anybody to evade taxes, I'm suggesting a way to consider mining as regular income for tax reporting purposes. This is a way to reduce tax liability, not eliminate it. The ownership aspect of a capital gain forms a loop hole that I am attempting to explain.

You can report your USD deposits as regular income and deduct the cost of mining operations from that. If you purchase Bitcoin then the capital gains will be taken later. It's just minimizing your tax liability.

Your CPA is an idiot and so you are if you use him.

IRS ruling clearly indicates there are 2 possible ways of acquiring btc:

1) Mining:  a taxable event that will be in your gross income based on fair market value of the mined coins. There will be another taxable event when you sell those coins, thus fall into capital gain.
2) Buying: there willl be a taxable event when you sell btc.

You are thinking that the long term capital gains rate is higher than the regular income tax rate.   It is not.

When you think about it, the IRS ruling encourages miners to sell their coins on the open market sooner rather than hoarding and selling later.  Seems to possibly help liquidity and stability of bitcoin.

The OP didnt understand the ruling at all...

Mining income is never considered capital gain. Its just regular income .... like he wishes.

That is a misunderstanding.   The capital gains rates are lower than regular income rates to encourage investment, over actually running a business or working for a living.

Not true, please read it again. When you mine a Bitcoin you must pay capital gains tax equivalent to the market value at the time it enters your wallet. The capital gains tax is at a higher rate than regular income within the first year. When you mine a Bitcoin you are responsible for the capital gains tax at a rate of 36% and future gains will be taxed at the time of sale.

You can only claim regular income on USD; not Bitcoin.

If you hold Bitcoin longer than one year your tax rate decreases.

I have yet to receive any notices from the IRS over any bitcoin that I sold. I don't just hand my money over to thieves.

Ok, you're just an idiot. At first i had my doubt, but you confirmed it



When an ESL has to explain English to you, you know you're stupid.

Usually when you receive notices, it would be too late... Either move out of US or you would be broke.

You are still misinformed.  http://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_States (http://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_States)  Read the article and check the references.

In any event, I don't think any of this is going to effect bitcoin much.
The big point in all of this is the good news that the irs is helping
To legitimize bitcoin rather than trying to help ban it.

Who cares wtf the I.R.S. does.

Not a single Satoshi I own is traceable to me as a individual.
Anybody could own my BTC, there is no way for the I.R.S. to prove otherwise.

Bitcoin was designed in a way that you should all be able to safely ignore the I.R.S. on this issue.
In reality most of BTC value is attributed to that fact, silkroad is what gave BTC value, gambling sites also helped.

That's the spirit lol

Actually trading btc falls into capital gain is a good news. It would reduce day traders due to higher risk (up to 43% of profit is taxable)

As for big investor like Secondmarket, they're more likely holding their btc for long term capital gain.

QFT.

Localbitcoins + cash = perfect anonymity.

Besides, you could just claim all your BTC was gifted to you by a non-US citizen.

Unless they can prove you're lying in a court of law, you're fine.

See if they spend the money on you. Unless you're a WHALE, they won't bother.

I dare you to do what you said if you live in U.S.

Unless your total btc holding is worth couple thousands USD.

Wouldn't it still be capital gains if btc was currency

Bitcoin each coin can be individually tracked through the hash, good this way.

Terrible advice, you sound like  just you're just a kid whos thinking about tax recently.

You will fall into " receiving funds from outside of U.S." and its not pretty when I.R.S ask you.

I intend to.
Pennies worth, billions worth, makes little difference.
The same hurdle exists, Proof of ownership.
Anybody can wash their bitcoins much easier than fiat.

Not a loophole, gifts are regarded as taxable income, unless you are legally a non-profit corporation.

Nope

We have some rights, the fifth amendment is one of them (http://en.wikipedia.org/wiki/Fifth_Amendment_to_the_United_States_Constitution#Self-incrimination).

The legal burden of proving ownership would be on the I.R.S. I would not be legally obligated to say anything.

The fact: they will not be able to enforce these tax rules.

http://www.irs.gov/pub/irs-drop/n-14-21.pdf (http://www.irs.gov/pub/irs-drop/n-14-21.pdf)

You are correct. I based my opinion for the tax treatment on mining off of bad sources.

The capital gains reporting is only on Bitcoin sales; the market price at the time a coin is mined will be reported as regular income on W-2 or 1099.

Here's where you're wrong:  
The IRS sees you get some income via a report (required by law) via a third party.
The IRS notes that you didn't report this income on your tax return.
The IRS takes you to tax court as a civil action, not a criminal action, if you disagree with their findings.   The IRS supposes that you owe tax on all that income.  It is a civil action, so the court doesn't require the IRS proving that it was income beyond a reasonable doubt.  You are not innocent until proven guilty, as you would be in criminal court.
The tax court judge orders that you pay the tax.
It becomes criminal when you don't follow the court order.  The IRS must prove beyond a reasonable doubt that you did not follow the court order for a conviction.

Then by all means, let us know how it goes a year from now :D

None of my bitcoins came from parties knowing my name.
Clearly You're one of those sheep who purchased from Mt. Gox, ROFLMAO.

i want to see what comes out with this coin.

1MBkYr5p7126sdtyZ4aG7neny4Tjkuynqc

Thanks

If you can evade taxes, more power to you.  But for the rest of us,
It's still not a problem.  

A better test, A year from now, Will I.R.S. have prosecuted anybody.

I suspect at least a few incredibly foolish newbies will get the hammer from the greedy yet indebted U.S. government.

Clearly, I'm not announcing an attempt to evade taxes on a public forum.  ROFLMAO.
I'm just not ignorant of the ways that the IRS can put you in jail.

That one sounds problematic. There are any number of reasons why the coins are not worth, in your mining machine that mined them, what any market happens to be offering for someone else's bitcoins already on that market at that time.

You might not even actually have any bitcoins by the time you actually go to move them off the mining machine to somewhere else, let alone by the time you actually get clearance at an exchange to exchange them.

So it seems unreasonable. Until you sell them you have no idea whether they are worth anything at all, they are a digital fiction that might someday turn out to be worth something but then again might not.

Same thing when you "farm" a magic sword or a pile of gold in World of Warcraft. Until you actually manage to sell them they are more a waste of time effort and money than any kind of gain, regardless of how many "exchanges" exist at which you hypothetically "could" sell them or exchange them.

Mining is like growing pork bellies, or milking cows, or growing wheat. Until you actually trade the stuff you won't know if it was worth anything at all.

For that matter how does mineral mining work?

Do coal mines pay tax each time a miner swings a shovel and mines another spadeful of coal?

In bitcoin mining I pour my capital into hardware and electricity (and hopefully into electricity-creating hardware) and someday hope to sell coins for more capital than I spend mining them.

-MarkM-

Do you realize the report isnt from ppl who sold you coins right?

Its when you spend them or sell on exchanges. If you sell your coins locally, then the risk is carried over to the buyer.

What taxes are you referring to?
I don't recall admitting any ownership of any BTC.

Where is the proof?

Clearly you lack the ability to read/comprehend basic English, I'm ignoring you.

I've never purchased bitcoins.
I've never wasted my time with a exchange.

Those of you who were/are day traders are the ones effected here.

The risk of having coins stolen is on you. You acquire a property, you're deemed to carry risk of storing it.

What i can see is the fair market value will be challenged. I bet every miner will use a lower price than current exchange rate.

Then you will spend your coins... or you have problems understanding my post too?

It is not just theft, I could for example discover when I compare my wallet keys against the blockchain that it was not I who mined those coins at all but someone else.

Until I actually go get those coins I do not know who my machine has really been mining for since last I checked it was really me it was mining for.

Maybe though it would be useful to have an "at time the block was solved" price of bitcoin chart somewhere, adjusted if the chain is re-arranged, so that the value of each block's minted coins can be determined?

-MarkM-

Then you're not required to report any of that, the lucky person (LOL) now has tax liability.


The point is MarkM, filing tax is a volunteering work.

You will only have to explain to the IRS the source of the bitcoins that you spend.

If you bought it, then either capital gain or loss applies

If you mined it, then either capital gain or loss applies AND you DID report such mining income .

Why would a person who is not me be in a huge hurry to spend his/her BTC?

I understand everything you type, You don't understand the real value of BTC outside of it's fiat conversion ratio.

I'm a direct descendent from those who settled this land, More than anything else my lifeforce yearns for true freedom. BTC is small step towards the freedom that I yearn for.
BTC has more value than anything I could ever hold in my hand or consume through my mouth.

To the IRS, it is when you create a taxable event, exchange them for cash or good and services, in a way that is reported to the IRS.   For instance, like buying a house with a duffel-bag full of cash or bitcoin.

That wins this debate for sure, congratulations.

Some people just don't get it.

Bravo to you to fight for your own freedom. I wish you the best of luck. I'm not trolling.

Freedom is a ideal that may be out of reach, we should all try/hope for it anyhow.

I suspect the only way I will get any freedom is to leave on a self sustaining ocean house boat.
Solar panels, Desalination facilities, greenhouse, and etc. All too pricy for me at the moment.
Being mid ocean I could have all the salt/fish/seaweed(gross?) I could eat.

I can see the timing of the tax evaluation being challenged too.

The publication mentions that the coins will be evaluated as ordinary income at the time they are received. If your mined coins are never received then is there no taxable income?

The Bitcoin protocol defines the ownership of coins by the owner of the private key. When your coins are not in your wallet; they are not your coins... Gox being one example among many.

So when is a Bitcoin actually owned? If you follow the blockchain then there is a clear event that identifies ownership.

Eat shit buddy, why exactly do you think you can call people "idiots"? How much different you must sound face to face, serious keyboard bully syndrome you've got on this thread. I've been usefully adding to these topics for several days, and I promised I would share back what my CPA advises. He's got 20+ years and this was at a glance his first impression. Seriously, in all seriousness go fuck yourself.


Edit: I'm looking through your post history and it seems you have developed a habit of calling people idiots on here. I can't find one post of yours that doesn't have an insulting tone. Hope you understand what happens next...

I already have. Furthermore, I've stated as much on here for years that the IRS is never getting my cryptocoins - so they can even look at this forum for proof that I don't care what they say.

The IRS means nothing to me. They owe ME money, not the other way around.

I find it interesting that Bitcoin could even be considered property and not a currency. It has all the qualities of a currency.

miners had to pay it already, if they were not paying they can keep doing the same "crime", there is no difference now or before

If the IRS considered it currency, your gains would be considered regular income, as is the case with a foreign currency.   By treating it as property, you get a preferential tax treatment for long term gains.

The CPA I met with seemed to understand the guidance, and he agreed we need to show something, but I almost think he envisions it being revised at some point. At the end of the day I'm taking his advice, he's not done evaluating it yet, but we will set a strategy that applies the guidance in a way that makes sense for me and stick with it until told otherwise.

What should be understood is this method they have outlined where payouts are recorded as income, and equipment will sit as expenses due to life that doesn't justify depreciation, we will very likely end up with an operating loss. Go ahead and calculate 2014 out so far to see how it looks. Due to the steady decline in price the revenues recorded do not come close to covering the equipment costs made months ago. Stay with me, this has a purpose... The problem is if your "business" generates a loss for three out of five years the IRS will consider it a hobby, and at that point you need to pay taxes on all the income and can only claim expenses greater than some percentage of your gross income- I forget the number but it was high. Basically once the IRS sees your activity as a "hobby" you end up with the worst of both worlds; paying taxes without the ability to write off expenses. So much of the annual profitability depends on market forces, it's just so speculative that there really is no certainty of profit in mining, and if 2014 doesn't turn around most miners will be reporting a loss next year, do that too many times and then you need to actually prove to them it is a business and not a hobby. And if you come out the gate saying it's just a hobby then be prepared to pay out the ass without the ability to claim expenses. This is tricky stuff and the important thing is having a system that makes sense and can be explained, remembering what you do this year sets the precedent for how you handle accounting in the years to come.

I'll be cleaning up some spreadsheets and will report back if my CPA says anything new.

This is true.

Imagine you mine 1 XBT when the value is $500. The IRS expects you to report that as income on either your W-2 or 1099 depending on how you normally file your taxes.

Then you hold the coin for over a year and decide to sell the coin. The value of that XBT is double what it was when you mined it. You now have $1,000 value of which you paid taxes on $500. The IRS wants you to pay $500 in capital gains on the difference.

The long term capital gains tax rate is currently 20%. Regular income tax brackets are 10%, 15%, 25%, 28%, 33%, 35%, and 39.6%. In this scenario you are likely going to pay less in taxes than you would if you paid regular income taxes on your sale amount. If you make more than $36,000 per year your regular income tax rate is greater than the long term rate on capital gains.

So what if you transfer your coins into your personal wallet on a day where the market has flash crashed? Will you be able to claim the daily value of that day for the purpose of determining your regular income tax liability?

Let me explain like you're a five years old.

It does not matter what your CPA's OPINION is, or what he and you think makes sense.

IRS ruling cant be any clearer. 20 yrs or 1 yr experience does not mean jack if your CPA doesnt understand the wording. In fact, if he has 20yrs experience and suggest something contradicts the ruling then my statement of him being an idiot is even more concrete.

As for calling u an idiot, it depends on your action. If you choose to follow an idiot's advise, you're not smarter than him are you?

I'm an hard ass on anyone who misleads ppl by posting opinions on public forums as facts.

It is good for Bitcoin, but maybe will be more troublesome in operation.

You are irrelevant and sad, shame on you. I posted what my CPA said, that doesn't mean he's right or wrong, it's just me passing on the info. It's ironic we clash because you are pretending to do what I've been doing, except you are trashy about it. You have a whole history of posting like a jerk, small guy syndrome or what? What's your bitch? Seriously not feeding the troll anymore.

I guess this is worth trying.

Not sure what will come of it. Petitions are not the way to affect change.

My prediction is more people will file it "wrong" or not at all than those that do it correctly, many will just be honest mistakes. I think the IRS rushed it big time and they are likely to revise. The system in place is very last minute and doesn't play well with the business/hobby rules. If the equipment needed to mine had a longer useful life it might be different, but one-time equipment expense will almost always lead to a loss if BTC moves sideways or goes down... Just don't think the guidance is sustainable. I believe my CPA said my record keeping and aggressive sales of inefficient equipment make it a good candidate for being run as a business, but we need to be careful about reporting losses too many years or the IRS may force me into categorizing as a hobby, which crushes the ability to report expenses against the activity's income.

You are correct on that point for sure.  It will drag Bitcoin a bit more into the mainstream.  I just hope it can be made a less nightmarish mess of paperwork than it is set to be now.

It is a good way to bring attention to the issue though.  Once it has then real progress can be made as the community as a whole can get behind it.

Interesting article here: http://www.coindesk.com/irs-bitcoin-tax-guidelines-mean/

Excerpts:

"Dave Carlson, a US entrepreneur who runs a mining operation that earned almost $8m a month in revenue when bitcoin was at its peak, says that this could spell trouble for miners. 'The implications of the new IRS  tax guidance will be a major factor for those US miners who didn’t anticipate it and are already on the edge of profit.  A capital gains tax on all coins mined could drive mining revenue below cost of power for many, forcing them to shut down,' he says. ”Pool operators will have to issue 1099s to all their US contributors, which will drive pool fees higher."

Above is somewhat a different angle on what my concern is. I'm mostly concerned with the projected losses for 2014, having no clue if BTC is headed higher or lower my profit or loss is entirely related to the market price of BTC, and showing a big loss has risks that I'd rather avoid.



"At least one miner has a strategy to get around the taxing of bitcoin when mined, though. Yana Kesler, a certified public accountant from Philadelphia, purchased a $7,200 mining rig last year, and had it hosted in Europe. 'When you mine yourself you are the producer. When you ask someone else to mine for you, that’s your investment,' Kesler says. She calculates the basis value of her coins as zero, but says that she does declare capital gains when she sells the coins."

This is similar to what my CPA had mentioned, I think... But as I said before we aren't done figuring it all out, but I did mention the pool I mine through is in Europe, which might have something to do with this approach. The rules establish a playing field, but there might be creative ways to handle some finer points related to expenses and revenue recognition without going out of bounds. The IRS guidance makes a lot of sense for solo-mining operations, but for a guy mining out of his apartment with a pool it seems a bit like a broken set of rules.

Excellent find.
Thanks for the info.
It really is a moving target right now as to what it the right or wrong way to go.
Once added benefit would be huge farms may shut down or move for a while spreading the wealth to the smaller miners who do not get much as they cannot compete with the large farms.

So if I owned 100,000 gold coins in a video game, must I pay capital gains when the game company raises the price?

It would be taxed at higher regular income rates, if there were a market for your 100,000 gold coins -- that is, if you can sell them.

*or spend them. The thing that is a burden for me is I buy mining equipment with BTC that I mine. So even though I'm recycling BTC revenues back into my business I am expected to record the pool payout as income and then the equipment purchase as a realized gain or loss event, but I'm never actually exchanging it for cash. I guess if an ASIC chip had other purposes I'd feel a little better about the system, but it does have the feeling like they are trying to discourage the holding and spending of the mined coins by adding complexity/busy-work to it. From a bookkeeping perspective it's a pain in the ass, and there will probably be significant added costs passing along the spreadsheets to a CPA for eval and filing.

A major issue about signing this petition is that a whitehouse.gov account is required to do so.
How many bitcoin users are willing to create on to sign it? I'd venture to guess not many due to the fact that it would be an easy way for the U.S. government to tract people involved with bitcoin.

Still not quite the same thing.   Imagine that your prepaid phone minutes increased in price for your favorite burner phone.   Sure, you might make a profit by selling unredeemed phone cards because the price was raised by the phone company, and technically you would be liable to pay tax on that profit.


With the capital gains ruling, essentially, you are conducting two activities, mining and speculating.   You are a disadvantage if you take losses from speculating -- and the error was assuming that your speculation losses could be written off as business expenses.   Hopefully the market will stabilize and bitcoin will start behaving with slow and steady growth so this won't be so much of an issue.  You may also be able to use your speculation losses to offset your future gains, ask your CPA about that.

Exactly.

When I worked in the financial field in my mid 20's the manager at the wirehouse setup "4pm yoga" on Wednesdays. I was too busy and usually had the problematic brokers assigned to my desk. The well-pedigreed sales assistants worked for the fat cats, never had a lot of work to do and got paid a lot better for doing less work. I always thought the yoga thing would have been a great way to figure out who didn't have enough work on their desk, but in the end they really were just doing yoga despite my suspicion of the whole thing being a clever trap...

So far the petition to the White House about the IRS ruling against Bitcoin hasn't gotten much traction. If you believe in the value of digital currencies like Bitcoin, you need to sign this petition on the White House website. If we achieve 100,000 signatures, the President will have to respond.

To vote, go to https://petitions.whitehouse.gov/petition/amend-irs-notice-2014-2taxing-virtual-currencybitcoin-property-stifles-new-technologycreates/z7WtKZGY

https://www.youtube.com/watch?v=b3_lVSrPB6w

Smart person detected.

Unless you are foolish enough to give your name(and SSN), The IRS will not know of any bitcoin gains.
Do you know where the fifth amendment comes from?
Inalienable human rights, The right to silence is among those rights regardless of context.
Declare your bitcoins, You infringe upon your own right to silence.
Make no mention of your name/(social security number) and you protect your right to own bitcoins anonymously.

Bitcoin is all about anonymity, proof of ownership will be a key factor for the I.R.S to engage in any audit related to bitcoin.
How are they gonna say that "For federal tax purposes, virtual currency is treated as property."
then say that their taxable.

Not once in my life have I traded a item(property) for a item(property) and paid tax on it, the idea is just silly.

Lastly, You're ignored, Your sarcasm is misplaced.
I do hope you pay taxes for your bitcoins, I won't be.

It's only 685 at the moment. :(
Sign up guys/gals! I did, despite of not being American.
There are 303,094 of us on this forum. We need just 1/3 of it to cross the threshold.