If it's not recognized as a currency, it should work like an exchange (one commodity for another one) and afaik exchanges aren't taxable,
but I'm not a business man so better wait for some more answers.
Yes they are. Exchanges are barter and barter is taxable income. Talk to a tax professional, this stuff is tricky and if you are making a living the tax man is going to want his cut. |
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I am fluent in English, have a decent quality microphone and a good speaking voice. I'd love to work as part of a team as I have about no visual skills.
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I don't think teenagers like chess very much.
Yes. We have disgressed a bit. And you don't need a graphic card to play chess anyway. We just need to develop a resource intensive checkers game.... wait. WTF were we talking about? I've fantasized about how games could be designed that have well defined rules that humans would have an advantage over computers for the farthest into the future. Go is the right sort of thing. How can we make a game more Go-like than Go? games with hidden information that involve reading facial cues and such (poker for instance) are going to be dominated by humans for a very long time. That doesn't translate to the internet mind you, as the cues get simplified to raises and such. |
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It looks to me as if your exchange rates are poorly arranged. I could, conceivably, spend all my bitcoin buying yuan, then all my yuan buying bitcoin, and end up with all your money.
Great idea! Nefario, can you exchange those 100 yuan you're holding for me back to Bitcoin? That's 33.33 BTC at your current exchange rate, right? Just kidding.  My point is it doesn't matter if one person does this or if he simply makes a bunch of trades, he's going to end up losing money. |
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It looks to me as if your exchange rates are poorly arranged. I could, conceivably, spend all my bitcoin buying yuan, then all my yuan buying bitcoin, and end up with all your money.
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Additional suggestion:
Make previous issue available for free to download. New issue will cost some bitcoin.
Previous issue will advertise how great the magazine is.
Or, if not all the back issues at least a few of them. (I know, right now there are none) |
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Population control was the one that shocked me. Apparently people aren't supposed to use Rise Up to spread information on contraception?
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I don't understand the site.
I registered my processors for paypal and bitcoin, looks like I can deposit and withdraw (only not really of course since it is not real bitcoins or dollars) but I cannot find how to trade.
You have to create an order. Select the 'My Orders' tab and click 'Open New Order'. Here is an explanation for the currency pairs the new site will use. The old site's 'PayPalUSD' will become BMBTC/PPUSD on the new site. Currency pairs are the norm for traditional currency trading and it's drifting that way in the Bitcoin community I think. ok, I just didn't see the button. The way the simple orders work seems wrong to me. it does make it easy to buy or sell bitcoin, but without being able to set a price on the simple order I feel like I lose the function I use the most. Having to dig into the complex trade in order to set a price seems like a bad setup, to me. stop orders don't seem to be working, although I may just be misunderstanding how they work. |
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I am in the US. How much is shipping likely to be? I will have to open my computer up and see what sort of cable attachment I'll need.
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Supply and demand.
So there is some kind of system that is calculating transations ? How I can be sure that system is working good ? no controled by anyone outside. Controled only by programist that creat it. it's not controlled by the programmer, it is controlled by the people buying and selling bitcoins. |
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I begun working on it again after some hiatus.
Yay! I really wanna bet on interesting things, and bitcoinsportsbook hasn't opened any wagers on the value of bitcoins again yet. |
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I am going to open an on-line store with wooden toys shortly, accepting bitcoin only. I am going to do it as a natural person, without registering any company. I would say the tax issue really depends on the country one lives in, for example in Ireland you can earn up to 4000 Euro without declaring it as income - so even if Bitcoins were taxable I will be okay for a while. Barter is generally considered a taxable transaction. the government is going to want their cut.
I have a question regarding this, actually: if barter was illegal somewhere, would running a shop itself be illegal - or would they have to prove to you that you actually exchanged something for bitcoins to get into you? For instance, if you advertise that you can sell stuff for bitcoin, can they do something to you for advertising itself - or do you have to catch you doing it? (keeping in mind Bitcoin accounts are anynomous it would be damn hard to prove that you actually sold something, unless they arranged a fake sale and pretended being your customer) A government repressive enough to make Barter illegal is not going to quibble over things like due process. |
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What are the fees for BiddingPond in general?
http://www.biddingpond.com/fees.phpCurrent fees are: BiddingPond.com's idea of a good auction site is one with low fees. We believe in a flat rate fee structure unlike other auction sites who will charge you a percentange of your sales. We will always try to maintain our policy of items being free to list with the "extra' feautures being a nominal charge to support the site and keep it online. Our fee table is below: Home Page Featured Fee: 2.00 BTC Bold Item Fee: 1.00 BTC Highlighted Item Fee: 1.00 BTC Reserve Price Fee: 2.00 BTC Relist Fee: 1.00 BTC Buy Now Fee: 2.00 BTC I readjust fees after a stabilized general increase of BTC/USD monthly. Fees will probably be lowered at the end of this month. Where do fees come from on auctions that do not close? I had not realized there was a fee for buyitnow when I posted my auction and it looks likely that it will not close. |
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I don't understand the site.
I registered my processors for paypal and bitcoin, looks like I can deposit and withdraw (only not really of course since it is not real bitcoins or dollars) but I cannot find how to trade.
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I'm not planning on generating timecoin, if someone wishes to pay me for services in timecoin, I'd prefer he or she buy bitcoin with his or her timecoin and pay me with that. If it doesn't easily trade to bitcoin I don't want it.
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My understanding has been, and remains, Somalia is an awful hellhole.
It's better in some measurable ways as a sort of a lawless pirate enclave, it was better in other ways as a brutal dictatorship. Both suck.
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Rather than money earning interest money simply appreciates. Paying early is always better, no matter what, so we could certainly prepay for certain things. The problem is when they start extending credit. owning interest, on bitcoins, could turn out to be prohibitively expensive. Either that or create inflation.
If money is appreciating on average then you are better off paying suppliers at the last second, if they can run their operation more efficiently with more warning on orders then they'll pay more than they expected appreciation over the prepay period. Most things are prohibitively expensive, it's no problem, we just don't do them. It actually makes a lot of sense that using things that haven't been created is hard, you have to find someone who has created things and doesn't want to use them now, you'd expect this guy would want to get back more than just what he originally created. A system that acknowledges this gives incentive to make or trade for the things you want to use. True, time is valuable, one way or another, it is just valued in different ways. It's an opportunity cost. |
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Utopia means no place, an imaginary place.
This would be a Umonia.
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I would stick with CoinPal. It's a great name! If and when you get a nasty letter from PayPal's lawyers, that's when you need to consider changing the name. Not before.
Pay Pal will sue for profits, which have likely already been spent. |
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With regard to the issue of bitcoins appreciating over the course of the auction, what about allowing sellers to allow bidders to bid with respect to, say, the Mt. Gox exchange rate?
Or, sellers could simply promise a discount according to how long the winning bidder will have participated in the auction.
We aren't bidding in dollars, if you want to bid in dollars go to e-bay. Auction close should not be hooked to the rate on any exchange site. What you can buy with bitcoins is largely defined by prices on biddingpond. this is a more important chart, for me, than MTGox. All I can buy with bitcoins on MTGox are MTGox dollars (which seem to go at less than PayPal dollars, currently.) |
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