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1001  Bitcoin / Legal / Re: Bitcoin is "NOT" Legal Tender According to IRS on: March 31, 2014, 02:10:38 PM


Places like the US and UK like to give the impression that they're better and less corrupt than these nations, but they're not. They continually use these double standards whilst pretending to be morally superior and civilised.

very obvious now. we need some kind of protection from tyrannical psychopaths and their blackmailing i would say. But let's wait and see and give them one last chance to make it right and apply same standards before we start rebellion. They may come up with another law after all in case their thinktanks get fed this forums information what i would think is the case.

Unfortunately people aren’t that smart nor do they really care. If they did we would've already had a revolution/rebellion.

I like this quote:




so what role plays bitcoin here?  Roll Eyes
1002  Bitcoin / Bitcoin Discussion / Re: Bitcoin should BAN China on: March 31, 2014, 02:03:43 PM
all we would need to do is refusing selling when huobi sells. I know those guys on btc-e sit there staring on bitcoinwisdom huobi and okcoin and start dumping the same second they see it happen there. If that would stop just for a day the chines would very soon stop selling too. So not china needs to be banned. We need to ban idiots that look to china for guidance when to buy and when to sell. Not china controls the market right now but idiots who believe that would be the case when it really isn't and it is themselves.
1003  Bitcoin / Legal / Re: Bitcoin is "NOT" Legal Tender According to IRS on: March 31, 2014, 01:53:25 PM


Places like the US and UK like to give the impression that they're better and less corrupt than these nations, but they're not. They continually use these double standards whilst pretending to be morally superior and civilised.

very obvious now. we need some kind of protection from tyrannical psychopaths and their blackmailing i would say. But let's wait and see and give them one last chance to make it right and apply same standards before we start rebellion. They may come up with another law after all in case their thinktanks get fed this forums information what i would think is the case.
1004  Bitcoin / Legal / Re: tax question on: March 31, 2014, 01:44:42 PM
If i happen to live near a border can i not just cross that border to the neighboring country, get 10k$ for btc (or what ever crossborderlimit is) in the other country and then return back to homeland? Since i am not citizen of the other country and don't live or work there and on the other hand the realisation of gains did not occur inside homeland would i have to pay taxes? To whom? What taxes?

If you're a resident of a country you'll be eligible for taxes to that country regardless or crossing borders for deals). Obviously different places have different laws, but legally you'll still have to pay tax if it's over the taxable threshold (like capital gains etc).

may sound stupid but is it possible to not be a resident of any state? For example: homeless  Tongue
i guess i have to buy a ship then and move to international waters to do exchanges on the open sea ... harr, harr  Grin
lol ... too much coffee ...
1005  Bitcoin / Legal / Re: Bitcoin is "NOT" Legal Tender According to IRS on: March 31, 2014, 01:35:55 PM
they said both - it is money and it is not money - they said it is an asset and it is not an asset.
So whenever they can tax it it will be what they need it to be in order for them to be able to tax it.
If they could tax it five times they would.

Maybe it's both and they might tax it as both. I'm sure they'll keep changing their stance on it to what's beneficial to them.

but wait when in goes to court - will you also be able to claim it is both? that is called 'doublestandard' and it is outside of the rule of law since it is a breach in logic.

One thing that is  'x' and not 'y' can not be another thing 'y' and not 'x' at the same time.


This is the logic proof.  

Courts operate logically?  Cheesy I think governments regularly use double-standards.

then that is not a state that operates under the rule of law and therefore is a regime like in northkorea or like any african monarchy. They could abandon courts, congress and all at any second and make someone king for lifetime. Just around the corner ... when there is no law we can follow then there is also no tax we can pay to be honest
1006  Bitcoin / Legal / Re: Bitcoin is "NOT" Legal Tender According to IRS on: March 31, 2014, 01:28:40 PM
they said both - it is money and it is not money - they said it is an asset and it is not an asset.
So whenever they can tax it it will be what they need it to be in order for them to be able to tax it.
If they could tax it five times they would.

Maybe it's both and they might tax it as both. I'm sure they'll keep changing their stance on it to what's beneficial to them.

but wait when in goes to court - will you also be able to claim it is both? that is called 'doublestandard' and it is outside of the rule of law since it is a breach in logic.

One thing that is  'x' and not 'y' can not be another thing 'y' and not 'x' at the same time.


This is the logic proof.  So either they decide it is x or y and stick to that or they can just abandon the rule of law. If they want to decide it is both x and y it needs to be x and y all the time
1007  Bitcoin / Legal / Re: Bitcoin is "NOT" Legal Tender According to IRS on: March 31, 2014, 01:08:51 PM
they said both - it is money and it is not money - they said it is an asset and it is not an asset.
So whenever they can tax it it will be what they need it to be in order for them to be able to tax it.
If they could tax it five times they would.
1008  Bitcoin / Legal / Re: IRS LAW: Let's Move onto Another Cryptocurrency on: March 31, 2014, 01:05:13 PM
if you want to be exampt you maybe want to think of a token that is not a derivate of bitcoin like nxt or nem since that pretty sure wouldn't be covered right now.
One could argue another algo applied is already no derivate anymore. Everybody including myself is much confused right now by what one reads about taxes. Just happy i don't live in the US. One thing is for sure: there will be no formulation that covers all tokens so there will always be an unregulated space. All you need is a bad ass lawyer.
1009  Bitcoin / Legal / Re: THERE IS NO TAX and there NEVER be any Tax on Bitcoin on: March 31, 2014, 12:25:55 PM
tax should be voluntary anyways ...
1010  Bitcoin / Legal / Re: Did the IRS make a big Loophole mistake? WHOOPS!!!! on: March 31, 2014, 11:45:22 AM
Your thinking is way off. The IRS has (correctly) determined that bitcoins are not manufactured goods, instead mining is a service, for which miners are paid an income. You contribute your computing power to secure the network, you get paid bitcoins in exchange for your contribution, and those bitcoins are taxable income. It's so simple only a tax denier could dispute it.

according to this bitcoin is officially legal tender/real money in the US. Then you should be able to get insurance on it among other things. They will not want that in the end of the day. Then the question arises: can the government tax the creation of foreign money? I think they can't tax creation of foreign money.

With the whole thing also comes the question: where exactly is that 'money' located? Anyone?
Also: can it be loacted in multiple places? What taxes apply then? It is not even physical. How you want to tax something non-physical? Can you tax an idea or a string of numbers in my head? I don't think you can tax my thoughts.
How you gonna tax something that you are not sure of where it is?
Also there is no way to proof who controls what coins as long as they were not exchanged for fiat. So we really have a bunch of problems here when it comes to applying all their wishes to reality.

also: when you rent ghs in a foreign country the creation of the coins is for sure not in your country. How tax that?

My opinion: you can realy only tax it when it is exchanged for money or other goods/services - not before that - because you can't say where it is at (first of many problematic points that arise with that).

get ready for some bizzarre court-action coming years

funny how it is not a ponzisheme anymore and all of a sudden seems to have intrinsic value since it is classified as 'income' - is it really not a wothless ponzi? How to proof one way or the other? I predict they have to retreat to tax it only when exchanged for fiat. The other viewpoint is not sustainable.
As long as they lack a clear definition of what exactly they talk about they can't hold it up at court ... but then again i don't know how much of a fascist regime america is these days.
edit: was reading around a bit and they obviously are employing doublestandards openly which is outside of the rule of law for sure.
1011  Bitcoin / Legal / Re: Bitcoin Tax Questions on: March 31, 2014, 10:17:18 AM
just do what you feel like doing. Stash some cash away for one or two good lawyer and let the courts decide if there ever comes up a case. You should be able to drag this case through the various courts for years and years until the case is expired - at least that is what the whales will do i think.  You can expect every court to rule differently in the beginning so you can go into revision again and again. Don't know for the states but in most countries such cases expire after 6-8 years. I have really no idea though. I just see what the rich and powerful would do in such a case. Get top lawyers - that's it. We will see a lot of bizzarre courtcases with bitcoin i am sure. They can't even define what it is - not even in the slightest. How can you tax something that you can't define yourself? You probably can't tax it after all. They need to be clear first wether it is currency or commodity. Or both? Or none of the above?  They can't really tax it as long they are not clear about what it is i think. It is not that you don't want to pay taxes. You would if you could know how and what it is exactly about - but you just don't know and they don't know either.
In germany they tried to outlaw magic mushrooms back in the day but were not able to do so for a few years because they could not define 'mushroom' properly. They had to rewrite that law several times. Expect them to write bogus laws that are not valid if tested for validity due to failure in defining exactly what they talk about.
I think taxes for bitcoin could be considered voluntary for bold people with good lawyers as long as they are not specific what exactly they talk about in their laws. Their own central banks said it has no intrinsic value and is a ponzisheme. So does tax apply to ponzishemes? What tax applies to online gambling? Is gambling income? What are we talking about here, sorry? ... if they ever happen to find a good applicable, valid definition of what bitcoin is (after years of hard work) you will already be mining and trading something else for something else.
1012  Bitcoin / Legal / tax question on: March 31, 2014, 09:41:36 AM
If i happen to live near a border can i not just cross that border to the neighboring country, get 10k$ for btc (or what ever crossborderlimit is) in the other country and then return back to homeland? Since i am not citizen of the other country and don't live or work there and on the other hand the realisation of gains did not occur inside homeland would i have to pay taxes? To whom? What taxes?
1013  Bitcoin / Bitcoin Discussion / Re: china does not ban bitcoin on: March 31, 2014, 09:19:18 AM
I really hope they ban it for good, they have been screwing with the price for far too long Angry
as weird as it may sounds - i agree. this bullshit lasts too long.

don't think they will ever stop the bullshit. When they run out of old bullshit they create new bullshit. If needed they hire actors and make up fairytales. Get used to it.
1014  Bitcoin / Bitcoin Discussion / Re: Questions about Bitcoin on: March 31, 2014, 09:15:36 AM
Hi everyone
it seems that i have a little knowledge of bitcoins transactions based on what i've read above. What is a cold storage? What is encrypting? Do we have a thread here where I can read all of this stuff. Sorry Newbie here and new in btc either. Thanks for helping in advance.

'encrypt wallet' is a feature in bitcoin-qt. Coldstorage means having your wallet offline (not connected to the internet) and in some cases storing bitcoin on a wallet that has never been online.

generally use the search-function or google if you need to know stuff.
1015  Bitcoin / Bitcoin Discussion / Re: Questions about Bitcoin on: March 31, 2014, 09:03:17 AM
Hi all, I am new to the Bitcoin community. I was fascinated by the idea of Bitcoin and would like to learn more about it. I have done some research on Bitcoin and trying to catch up with the development of it.

Throughout the research, 2 questions arose -

1) it seems that Bitcoin is not easy to keep (for instance, Mt. Gox case consolidate my thoughts.), so what is the safest way to store? I think 1 solution is cold storage, if so, how can I ensure its safety (ie no one copied my files) ?

2) Can Bitcoin implement "report lost system" and frozen the so call "suspicious Bitcoin"? That is a though from my friend (whose also new to the BTC world) and we were examine its plausibility so we would like to see advice.

Well, I might have misunderstand some keys/fundamentals about Bitcoin so feel free to point out and I am open to any suggestion !

Many Thanks,

1: disconnect from the internet. Set up a new wallet, encrypt it, then store it offline. You don't need to connect it even once to send btc to that adress. To improve security you can use encrypted filecontainers to store important walletfiles. It all comes down to you having a system free of any malware. If you can make sure your computer is clean you are safe. Bitcoin is easy to keep if you know how to secure your computer. Mt Gox was not hacked - Karpeles just lost his mind, that's all. It is absolutely possible to keep btc 100% safe. For maximum security only use bitcoin-qt from trusted downloadsources and no third party software. You can also use paperwallets or just write down the privatekey yourself taken directly from the qt if you don't want to trust paperwallet-providers. Linux should be better than microsoftproducts. There are many ways to secure the coins really. You really only need to learn how bitcoin-qt works.

2: would arise a lot of problems. Who decides on what funds to freeze? Theoretically possible but not very likely to be implemented in the near future. 
1016  Bitcoin / Bitcoin Discussion / Re: Bye Bye Bitcoin..... Really??? on: March 31, 2014, 08:20:13 AM
who cares about the frogs singing on the sidelines?
When do you understand that they don't want bitcoin to succeed? Media tries everything possible to keep it depressed and then they tell you 'we said so'.
Those same people will start writing articles about the coming crash as soon as prices rise again. Don't you get the spin?
1017  Bitcoin / Bitcoin Discussion / so you hand over the rule over bitcoin to the massmedia? on: March 31, 2014, 08:10:19 AM
They say "jump" you say "how high?"

http://www.youtube.com/watch?v=YtuvVjj-vR4


you, the trader and holder of it lost control. 'They' dictate prices with headlines. Are you serious?
1018  Bitcoin / Bitcoin Discussion / Re: So..conspiracy? on: March 31, 2014, 07:23:44 AM
3: 'china' does not ban bitcoin ... gawd! Who is 'china'?
read it properly. The news is not new. Nothing changes in china, really.
https://bitcointalk.org/index.php?topic=551127.0
1019  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN]CREDS *** HATE VOLATILITY? So does CREDS *** on: March 31, 2014, 07:16:44 AM
good idea to have it listed on exchange a little later. Maybe also can help to be listed on smaller exchanges before going live at bigger ones with more volume.
1020  Bitcoin / Bitcoin Discussion / Re: The wikipedia entry for "Bitcoin" is so bearish... on: March 31, 2014, 07:09:47 AM
wikipedia has always been a poor source for real information.
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