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I strongly suggest that those with tax questions consult a tax professional. They make their money off of getting you out of paying taxes, and they get paid a chunk of what you save in taxes.
If you are conducting enough business in bitcoins that if it were dollars you'd go to jail for not paying taxes, go down to H&R block, or your local tax professional, and ask them. They don't generally charge for a consultation.
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I don't know much about US tax code, but my guess is that you should pay taxes only if you ever sell your earned bitcoins into US dollars.
Barter is generally considered a taxable transaction. the government is going to want their cut. However for small, not terribly trackable transaction you don't need to worry. If you are setting up a business, I would suggest speaking with a tax professional. |
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Are these something that might be considered on bidding pond or anywhere else?
Post a desired good or service and the amount willing to pay for it, sellers can bid you down if they wish to undercut one another.
Since biddingpond is not financed by commission it doesn't seem like it would hurt the revenue of the site in any way.
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Windows XP compatible required, empty preferred, previously used is fine. one terabyte preferred, 500 gig acceptable.
100 bitcoins offered, willing to negotiate. Will also pay for shipping, prefer continental US, if shipping is too high we may need to discuss, want secure shipping, do not need fast.
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In a hyper efficient market I would assume that you could get a better deal on goods for paying earlier and/or taking delivery later. Obviously we already see this in shipping. Overnight costs more than standard. And we see what happens if you want to pay months or years after you take delivery, you pay more (interest). This really isn't different than a discount for paying before you get the item. It is valuable to a producer to know in advance who needs what when and where and prepaying is the surest way to prove your future demand for an item. There's no reason a producer wouldn't pay to get this info.
I could imagine buying a Pepsi and paying with bitcoin and the store instantly forwarding part or all of that payment to their Pepsi supplier as prepayment for the next shipment. It could be in the very same block! Demand information passed on virtually instantly. It doesn't stop there, Pepsi uses the payment to 'notify' their corn syrup supplier, their plastic bottle supplier, etc. This is not necessarily caused by bitcoin though, it's just a conjecture I have about future efficiency. It could conceivable happen with a central currency too.
This all comes to mind because obviously it increases velocity. I guess the big question is whether there is good reason to be a bitcoin holder or whether it makes the most sense to trade in and out of some other store of wealth on some short cycle.
I know right now that I'm willing to hold a decent amount of crappy money because it's super liquid and my expenses are somewhat uncertain. As bitcoin to dollar trade because quicker and easier I will hold fewer and fewer dollars. Beyond a certain point though I want an appreciating asset over liquidity, once bitcoin has reached saturation in terms of breadth and velocity is increasing it might not be as attractive to hold bitcoins as it is to me now.
On the other hand I feel like a good currency pays you for deferring consumption. I suppose that would be true in a stable bitcoin velocity economy that was growing. Ah, maybe what you get paid the most for is announcing (by paying) what you'll be needing immediately after you produce (and get paid) but waiting as long as reasonable to actually take the thing.
I hope some of that is clear, I'm not really sure of any of it.
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. |
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Because a currency that inflates allows a growing (inflating) economy. It's pretty simple.
Same with a currency that's infinitely divisible, no? Are you suggesting that things will get cheaper? Why would people produce if they were getting paid less and less. Plus they could use Timecoin instead and get paid more and more. This is far too inviting an idea to pass up, Timecoin needs to be implemented asap. Why would anyone want timecoin when there are dollars euros pounds yuans and rubles? Why would anyone want to get robbed continuosly. Inflation is simply another hidden tax. Well... some sheeps love to have haircuts every once in a while I suppose. except that in timecoin the tax is being paid to everyone, randomly. |
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This is why we need a Bitcoin-for-Cash dealer on every corner of every village, every town, every city, in every country. Email me to list yourself as a Bitcoin-for-Cash contact in your own town.... on http://bitcoinbuy.com Every one of us should be a volunteer bitcoin-for-cash person wherever you live..... Contact me to get listed. My email is: email@bitcoinme.com The problem with that is some people have very little bitcoins. That's why we need it, so people can buy more of them. |
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The danger is if people are buying bitcoins in the expectation that the price will go up, and the resulting increased demand is what is driving the price up. That is the definition of a BUBBLE, and as we all know, bubbles burst.
It could be a bubble, on the other hand if the increase in price, even if driven purely by speculation, encourages more businesses to accept bitcoin as a form of payment that can serve as a real foundation for a bitcoin economy. |
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teenagers also like porn,. and are not allowed to purchase it.
Just sayin.
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I expect to be sniped near the end and don't have that many bitcoins to play with, but if I actually win it then bitcoins are worth a lot more than the price at MTGox would suggest.
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Entropia Universe money is tradeable, it is pegged to the dollar. |
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No one is selling beer for bitcoins, so until then, no party  . That said, I disagree that we'll have meaningful parity at BTC/USD=1. We'd have to wait until the number of bitcoins in circulation equals the value of the US dollars in circulation. If that happened to day, 1 BTC would trade for about 390 000 USD, I think. For that number, I divided the monetary base by the present amount of bitcoins. I'll sell beer for bitcoins. I don't currently have anything in stock but hard apple cider, however I'll have some mocha stout soon and molasses imperial stout soon after. It's homebrewed craft beer though, so the price is gonna be considerably higher than for budweiser. |
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May I have a quote on how much it would cost for you to stand on the side of the busiest intersection (closest to you of course), with a Ron Paul 2012 sign? For--say--4 hours or more?
I'd do this for 32 bitcoins per hour plus the sign. Admittedly I am not quite as attractive as Genjix. (and no, i am not a Ron Paul supporter, although I don't think he's any worse than the alternatives) |
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I notice the site is down, and I don't see anything similar (that is a non auction site for sale of services/items from one person to another)
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Are the bets on the price of bitcoins supposed to be closed? And if so what are the chances of opening some more up?
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I notice the price is up around 30 cents.
I am not sure why prices need to keep going up in order for more businesses to accept bitcoins though, Just so that bitcoins in circulation are worth enough for it to be a worthwhile market to tap into? or?
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I'm not a troll, I've been a part of the bitcoin forums for a while and intend to stick around for a while yet. I don't check in all that often so don't always respond quickly.
Defending one's fields by having neighbors assist in defending them and paying with vegetables is community action, that is at the heart of Anarchist thought (at least Anarcho Socialist thought) but it does mean that in a certain way the fields belong to all of the neighbors. Holding a giant compound with security doors meanwhile, I don't know that I can address that properly. I suppose that so long as you are not using that control to exert power over your neighbors there is really nothing wrong with it.
I hoped and expected you would be okay with those actions. Now if some neighbors don't like vegetables and trade them for something else is that okay? What if you trade the veggies fist and give them what they want directly? Sounds good to me. Anarchists of any stripe are generally not opposed to markets. I know I am not. Where I would have a problem is if someone manages to get a group together to control enough of the fields that people locally are unable to feed themselves without accepting the terms that are dictated by that person. At that point a government has arisen. Okay, sorry for taking it so slowly, I expected you to have some sort of problem with markets and I wanted to pin down exactly when trading things for labor (even guarding) became bad. There are plenty of self described anarchists that are opposed to markets though. From what I gather they are not just opposed to some of the current particular 'markets' but actually oppose ownership and trade. I think they are confused, but that's what they think right now. There is no government. There are simply people who are willing to initiate violence (or advocate for it) and those who are not. I am against all initiation of force, and will be after governments are disintegrated. It just so happens that right now most force is government force so thats what I care about. Lately I'm learning that people advocate or use force and coercion because it was used on them as children. I am particularly appalled by the use of force on children. Voluntary education is good, forced education is bad. Voluntary sex is good, forced sex is bad. I do think that violence is sometimes unavoidable. That includes the initiation of violence as opposed to the use of it in defense. I think it should be avoided if possible, but there are times when it cannot be. Also, what is perceived as violence varies based on a person's perspective. For example, if all of the fields in an area are owned by one man, we'll call him mister farmer, and he pays those that labor in his fields barely enough to get by for their labor, while demanding exorbitant prices from those that work in other ways for the products of the fields. Not to get into the nature of ownership, since in this case it is largely a legal construct in any case. If a group of people from the local area come and start farming those fields without Mr. Farmer's permission and redistribute the vegetables thus produced to feed themselves from Mr. Farmer's point of view that is initiation of force against his property. However from the point of view of those people it is Mr. Farmer and his employees (who are, presumably, paid to defend his fields) that are initiating force by physically preventing them from farming food and feeding themselves. I identify as Anarcho-communist because I feel that the engines of economy and social justice are best situated at the small community level, not at the individual level and also not at the level of states. To Hugo, If I am compelling behavior from someone through threats to their physical well being then I am exerting control over him. Whether I am doing so through a threat of physical violence or through control of the things that he needs in order to survive is, to me, fairly irrelevant. |
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With the increase in value of bitcoins I am reducing my prices. Tarot card readings will now be 4 bitcoins per minute for voice readings or 4 bitcoins per card for readings by e-mail. This may be adjusted again as the value of bitcoins increases or decreases.
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I'm not a troll, I've been a part of the bitcoin forums for a while and intend to stick around for a while yet. I don't check in all that often so don't always respond quickly.
Defending one's fields by having neighbors assist in defending them and paying with vegetables is community action, that is at the heart of Anarchist thought (at least Anarcho Socialist thought) but it does mean that in a certain way the fields belong to all of the neighbors. Holding a giant compound with security doors meanwhile, I don't know that I can address that properly. I suppose that so long as you are not using that control to exert power over your neighbors there is really nothing wrong with it.
I hoped and expected you would be okay with those actions. Now if some neighbors don't like vegetables and trade them for something else is that okay? What if you trade the veggies fist and give them what they want directly? Sounds good to me. Anarchists of any stripe are generally not opposed to markets. I know I am not. Where I would have a problem is if someone manages to get a group together to control enough of the fields that people locally are unable to feed themselves without accepting the terms that are dictated by that person. At that point a government has arisen. |
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