He must have just watched an episode of Mr. Robot.  I'm sure DAESH is using BTC in some circumstances, but they really use gold mostly. So where is the call to end gold use? Who will protect the children, etc, etc... |
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This is exactly how it is supposed to work. Changes in the protocol only happen when overwhelming necessary.
Or would you prefer a system where I am in charge? I think today I want to impose a new fee that I receive. No, wait... two fees!
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Destroys the value instantly.
Bitcoin is largely based around the very finite supply of it, and adding more destroys the trust in the network and means that, essentially, more Bitcoin can be added indefinitely.
Basic economics 101, if you add to the supply, the demand gets filled and the value goes down. In this case, dramatically.
There is your answer. There it is, the intrinsic value is scarcity argument (yes, an item is incredibly scarce when it is divisible down to eight decimal places and has 2.1 quadrillion individual units, there's only 37.2 trillion cells in the human body). Either it's large enough to be the one world currency for every country or it's intrinsically so scarce that it's super valuable. We need to pick one and stick with it because it can't be both. I must have glazed over that post when I read this thread the first time. I think it can be both. As the value goes up there is more wealth contained in each coin. Like gold. The wealth of the world could be held in gold, but we would be trading gold in micro-grams. |
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open source simply mean that anyone can have access to the source of the code, not that you need to be a programmer to learn bitcoin, i can compile the client for example, this alone imply that bitcoin is open source, what is so hard to understand here?
Right? Seven and a half years and this still needs to be explained constantly. Bitcoin IS open source software. i feel the op is talking about the whole bitcoin openness trustless ethos. more so then the literal meaning of "opensource" I think that's right. It is confusing because the term has a specific meaning already. It is not open in the same way that some advanced mathematics is not open to me because I don't understand it. But I don't blame the math, I could take the time to learn it. Not to speak for BADecker, but I think he means that bitcoin is hard for non-technical users to understand. Like a lot of things in this modern world. |
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open source simply mean that anyone can have access to the source of the code, not that you need to be a programmer to learn bitcoin, i can compile the client for example, this alone imply that bitcoin is open source, what is so hard to understand here?
Right? Seven and a half years and this still needs to be explained constantly. Bitcoin IS open source software. |
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Destroys the value instantly.
Bitcoin is largely based around the very finite supply of it, and adding more destroys the trust in the network and means that, essentially, more Bitcoin can be added indefinitely.
Basic economics 101, if you add to the supply, the demand gets filled and the value goes down. In this case, dramatically.
There is your answer. |
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Those who think that no taxes need to be paid are about to find out otherwise.  https://www.justice.gov/opa/press-release/file/914226/downloadOrders to turn over all transaction records are being sent to exchanges and software to determine ownership of addresses has gone live. If you are caught cheating on your taxes you will wish you had just paid them. It would have been far cheaper. |
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Thank god Trump got elected then!
I believe you mean Xi Jinping. |
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If it makes you guys (in the U.S.) feel better you are paying a rich persons tax. The money you earn busting your ass at work is likely taxed at about 30%. Capitol gains only applies to your profits and is likely about 10%.
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obviously this is a very interesting list i didn't know that aside from the darkweb you can also buy firearms using bitcoin but i just wondered although it seems legal i am thinking if they are legit or will they truly deliver the stuff you purchased? if so, how long it will take before you received the stuff? i think it is for me to find out but i am not going to buy a firearms anyway  I use trusted "brick and mortar" dealers or well established online retailers to buy firearms and have never had a problem. It does take a while to go through the legal requirements for a gun sale, but that would be the same no matter how you pay. There is a misconception among people who advocate for gun restrictions that "legal loopholes" are how criminals get guns. In fact gun sales are spied on more than any other type of transactions. Check out the link below and the story of the Chicago reporter who wanted to show how easily one can buy an AR-15. Funny stuff.  http://www.dailywire.com/news/6736/sun-times-reporter-tries-buy-ar-15-show-how-easy-aaron-bandler |
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As far as I know Bitcoin itself doesn't have taxes, it's not regulated that way. But if you trade Bitcoin and exchange it to fiat, especialy if you are doing this through your bank account you should report that to your local tax authorities as a kind of the income and on that you should pay taxes.
There no tax regulation that requires us to report our income in the crypto world, the fact that it's not under the control of the government they do have the right to oblige us to pay taxes on our income online. It's not a legal tender what we are using and we are not known by the government and even our information in the exchange site are completely anonymous. In the U.S. that is absolutely incorrect. You owe capitol gains based on your income. Failure to pay is punishable by jail time, but normally you can avoid by paying back the principal you owe plus late fees plus interest. Read here: https://www.bitcoin.tax/ |
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I do not know a place were this is possible, I can only name one thing and that is the deepweb most likely it got sold over there but a lot of feds are on there too so its very risky.
That is one of the best options you can pick right now, it will be without direct contact and safe from behind your monitor. Oh make no mistake, you are being watched on the darknet by the police and by serious gun owners where shooting takes place. Show up at most ranges with a gun like that and you will get a free ride in a squad car. I don't know how it is in other places, but here in the U.S. the worst enemy of a criminal with a gun are America's legal gun owners. We're sick of having our gun rights infringed upon because of the irresponsible actions of criminals. WTF are you even going to do with an illegal gun? At best you will go to jail. At worst you will try robbing someone like me with 40 years of shooting experience who shoots 200 rounds a week and is always armed and ready. I've watched people bleed out in combat, it ain't pretty and you don't want to put your family through that just because you were too lazy to get a job. |
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I got my new AK-47 I can recommanded guys from gunsforbitcoin.cc they have very good guns from Columbia and from Ukraine black market . Good support and fair prices AAAA++++++++++
Just remember that buying from a place like this is a very serious crime. In America anyway, you would spend years in jail for something you could have legally bought at half the price. This sort of website is square in the sights of America's gun culture and the gun owners I know would love to put it's customers in jail. It hurts our rights as legitimate, responsible shooters. |
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Bitcoin is being replaced by... what now? Oh please. |
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Let's get back to the original Bitcoin which did not have 1MB limit. That is Bitcoin. That is what Satoshi invented. Satoshi did not invent SegWit and the ridiculous LN. Those are alt systems. Go launch those on your own fork.
Do it. What are you waiting for? You don't need Blockstream's permission. Create a block bigger than 1mb today. As soon as you do that, you will separate yourselves from the Blockstream fork. Then everyone can go their separate ways and everyone will be happy! Amen. this is an open source project and ANYONE is free to make their own fork. People are really complaining because the network does not agree with them and these forks just die. It's not that we're sheep, it's that we don't like the idea. |
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If Satoshi granted me one wish it would be a way for small businesses to run an ATM network. Right now the laws are to onerous or expensive, and there is not enough certainty to invest the capitol needed. But if we could just go the the corner store and buy a bitcoin it would transform adoption.
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Read this: http://www.dob.texas.gov/money-services-businessesYour answer is there. I'm wondering if I can open up a local shop and sell bitcoins for cash without paperwork or signing anything. EDIT: Of course there will be lots of paperwork. You would need to follow AML (anti-money laundering) and KYC (know your customer) laws. Every penny would need to be documented, every customer verified. |
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I think it's funny how this question persists in America when there is absolutely no question that any capitol gains in bitcoin is taxable. Those asking here really should consider asking a tax preparer rather than an website. Ignorance of your taxes is no excuse for non-payment. You will still owe the principal + late penalties + interest + possible jail time.
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It's been going up for a year based on Chinese investment and ongoing adoption. I see nothing new?
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DT isn't going to do shit. He's a 7 year old with ADD. He'll be lucky to serve out one term.
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