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June 26, 2024, 10:35:19 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
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1141  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ZET] Zetacoin - SHA256 coin - Quick confirmations on: April 05, 2014, 09:16:06 PM
Can I create a zetacoin paper wallet?
1142  Bitcoin / Bitcoin Discussion / Re: If Bitcoin is unprofitable to mine & its not a good investment... on: April 05, 2014, 08:53:24 PM
Who says its not a good investment?
1143  Economy / Speculation / Re: Bitcoin will have no more big "to the moon" rises anymore. Face reality on: April 05, 2014, 08:49:39 PM
What drives me to buy btc and then spend it is the hopes of a steadily increasing market value.  I buy 1 btc today at $450 then hypothetically next month its worth $475 and I spend it essentially getting 25 bucks off my purchase.  Minus the 1% coinbase fee of course when I buy my coins.
1144  Economy / Speculation / Re: Poll: What will happen during the weekend? on: April 05, 2014, 04:50:31 PM
10 more stupid polls will be put up?
1145  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ZET] Zetacoin - SHA256 coin - Quick confirmations on: April 05, 2014, 03:19:49 AM
Seems like a no brainer to pick some up and hold em.  Bitcoin has been so depressing lately its nice to get something fresh thats on a uptick.  I picked up 50k today.  Cant wait to hear this news.
1146  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ZET] Zetacoin - SHA256 coin - Quick confirmations on: April 04, 2014, 07:06:55 PM
They just released a android wallet.  Price proply spiked cause of this.  But it was at these levels just a month ago.  Hopefully the devs are serious about this coin.  Its actually the only alt coin I own.
1147  Bitcoin / Bitcoin Discussion / Re: IRS changes course declares bitcoin currency on: April 01, 2014, 09:53:24 PM
April fools!
1148  Bitcoin / Bitcoin Discussion / Re: Fed Bank VP on bitcoin: Banks must adapt or die on: April 01, 2014, 05:21:45 PM
Very good read!
1149  Bitcoin / Bitcoin Discussion / Re: Why is it so hard to get family/friends into bitcoin? on: April 01, 2014, 03:21:02 AM
Maybe give paper bitcoin wallets as xmas presents with a small amount on them?
1150  Bitcoin / Bitcoin Discussion / Re: Bitcoin is doomed. Thanks IRS!!! You Ass hats! on: March 31, 2014, 10:12:01 PM
Average Joes are not going to have to track all there btc spending.  IRS has no way of tying you to a anonymous bitcoin address.  Nor do they want to waste time on it.  Pull your head out of your ass.
1151  Economy / Investor-based games / Re: btc-arbs.com - Daily ROI (0.01-10%) Update: Registration issues + deposits on: March 31, 2014, 03:21:41 AM
Something  isnt sitting right with me on there latest  statements.  I  pulled out my  initial investment.  Only have  interest. 
1152  Bitcoin / Bitcoin Discussion / Re: A question on "double spend race attacks" on: March 30, 2014, 03:46:00 AM
iPhone?
1153  Economy / Service Discussion / Re: Watch out for Coinbase. They robbed me. on: March 29, 2014, 03:58:00 AM
Whats wrong with coinbase?
1154  Economy / Speculation / Re: 20 Day Price Forecast (8.2% error) on: March 27, 2014, 12:44:47 AM
I think this is going to be a bad few days for bitcoin price.  This IRS news will confuse and frustrate people and buying will be low.  I don't see it going over $600 for at least a week.  Maybe a month.
1155  Bitcoin / Bitcoin Discussion / Re: What if Bitcoin was a currency? on: March 26, 2014, 11:30:50 PM
I mean according to the IRS.
1156  Bitcoin / Legal / Re: It is now next to impossible to spend bitcoins legally if your american on: March 26, 2014, 11:29:36 PM
So will overstock have to report all transactions to the IRS?  Will I need to give my SSN to them?
1157  Bitcoin / Bitcoin Discussion / What if Bitcoin was a currency? on: March 26, 2014, 11:19:18 PM
What would be the difference?  Tax laws?
1158  Bitcoin / Legal / Re: It is now next to impossible to spend bitcoins legally if your american on: March 26, 2014, 11:15:04 PM
Quote from: bomb7 on March 26, 2014, 11:10:27 PM
What I don`t understand is, if 1 bitcoin = 1 bitcoin, and in my bitcoin wallet all my coins are lumped together, how do I know how much capital gains I have made on a PORTION of those bitcoins? I don`t know which bitcoin is which or when/where I bought each one, it`s not like they`re physical objects I can easily distinguish between. Do we average all of our fiat-to-bitcoin conversions to determine the starting basis?

Hopefully the IRS will change things in the future when Bitcoin`s price is more stable.

Thats a good point.  the more I think about this the more I think this is totally unenforceable and nobody is going to claim any gains from btc except a few people.  Call me a criminal all you want for tax evasion. 
1159  Bitcoin / Legal / Re: Bitcoin Is Property Not Currency on: March 26, 2014, 11:10:14 PM
If I sell btc on a exchange I will report it. I will not be reporting any capitol gains from anything I buy with btc.  As far as the IRS will know my bitcoins will remain forever in cold storage.  They simply can't monitor this..
1160  Bitcoin / Legal / Re: It is now next to impossible to spend bitcoins legally if your american on: March 26, 2014, 09:31:02 PM
Why would I report gains on a cup of cofee?  I have a anonymous address.  The IRS has no way to know what im doing with my btc.
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