It is strange that that map says the US debt is $14 trillion. It is over $18 trillion by now.
its not in their best interests to keep it updated ........its going to get bigger until it collapses but nobody wants to say what happens when the music stops ...... just keep printing away is all they can do now .......imagine the compounded interest on 18+ trillion Looking at Q3 2014 it shows that the debt to GDP ratio is over 100%. This is when bad things start to happen. Greece passed 100% in 2005. The first austerity measures were implemented in 2010 by the EU to save the Greek economy. The United States does not have an "EU" to implement austerity measures. the US government can keep borrowing "new treasuries" from the "fed" i dont see what else they can do and if anyone says no all the banks will fail at once ? i read somewhere that debt to GDP is/ was at 108% recently so it maybe fucked even more than greece on paper anyway ..... |
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It is strange that that map says the US debt is $14 trillion. It is over $18 trillion by now.
its not in their best interests to keep it updated ........its going to get bigger until it collapses but nobody wants to say what happens when the music stops ...... just keep printing away is all they can do now .......imagine the compounded interest on 18+ trillion |
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Thank you that document is dated 2014, I will read it now, my next immediate question however is that I may or may not have purchased and sold large amounts of bitcoins in the 2011 - 2012 time frame and may or may not still have some of those bitcoins. Am I obligated to pay taxes on capital gains made two years ago even though this document from the IRS is dated 2014? Would that be considered late reporting technically if i did?
I don't think that you should report your earnings from 2011 - 2012. the law is not retroactive. They didn't make new laws, they just describe how already existing laws apply to Bitcoin. It's the first sentence in the IRS-document. This notice describes how existing general tax principles apply to transactions using
virtual currency. So I'm assuming this means that I would be subject to these laws even before this notice was made public? Therefore in my hypothetical not necessarily real scenario in which I bought and sold large amounts of bitcoin in 2012 and never filed taxes reflecting my gains (yes gains! let's say I doubled my money and got out in this hypothetical scenario), that I would be currently in violation of tax laws and even if I were to pay the taxes on those gains now it would be subject to penalty because it is now late? Say it aint so! I guess I would need to consult with a CB or CA or whatever I don't even know what that stands for… dang. youl be sharing a cell with wesley snipes.....hope u like black cock lol  |
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everyone keeps talking about "he will be rich when" "He will be wealthy" blah blah
we don't even know if he kept the coin he could have sold it buy now.
if he was living off of his fathers inheritance and squandered it on bitcoin he would have to sell the bitcoin to make back some money.
Not many people could thug it out in a crack house working at ben and jerry's while they have 600 bitcoin that they sold their home for.
He's got another house and most likely a job as well he has another house?where is your source? the original article said " i inherited this house years ago when my dad died ,im am selling it for BTC because............ " the house is now sold for 648 BTC do you think he posted these posts from a cardboard box somewhere ? |
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Please stop this BS , don't you understand that you are ruining the bitcoin image? Close this thread because no-one will invest in your scam site.
just leave him a negative trust so new people will be aware its a scam .... |
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you could probably retire in vietnam or thailand and live a comfortable life. in thailand, there are plenty english speakers too, so you'd feel at home.
thailand retirement visa needs to show 400,000thb income a year or you can forget about that and you need to be over 50 to even apply for thai retirement so that rules out most bitcoiners here i would imagine |
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i like to watch the top 1000 adddreses (the whales ): http://bitcoinrichlist.com/top100?page=1you will see there many of the richest bitcoiners have been adding to their holdings during the last few months of depression i see this as them probably getting stronger and they will eventuially relieve a lot of small timers of their coins before pushing it to a new ATH and keeping it up there $$$$ ,maybe even $$$$$ stability will come after volatility but only when the big boys decide its time ,now theyre just greedily adding to their collections at this time when the market is easily manipulated by FUD |
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who cares ? they are going to keep the pedal to the metal until it breaks regardless......... printing free money can not stop or it would be literally the end of the world 2big2fail  |
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why do these scams pop up by the dozen everyday..
Trying to find out for myself :/ Because anyone who can delete scam threads don't give a fck so they will continue |
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I didn't actually got all this. What illegal activity did he exactly do ?
He helped to run a ponzi as well as whatever else and he's being charged for that as well by the looks of things I think they just want to forfeit all his assets and give him a slap on the wrist...... Legally robbed would be the proper name for it in some countries |
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Would you still be complaining if Bitcoin went to the moon anyway and you were up $220k?
Didn't think so.....
Volatility based on a inaccurate news report counts as speculation I would imagine
You will have to prove they intentionally deceived the news because the news I saw said regulated in 24/50 States and I believe that was on Sunday and even then it's semantics when they say we are regulated they didn't say "in every state" AFAIK
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We don't want reversible transactions....
So you're suggesting that banks and credit cards be replaced with a technology where transactions cannot be disputed? If so, I consider you to be certifiably nuts. I want both tbh.... If I'm ordering something from some dodgy eBay seller in China I'll use PayPal If I'm sending £100,000 to my sister in Australia, il use btc If I'm in a third world country and I want to buy a burger and a beer I'll probably use cash I don't know why people think it has to be all or nothing, Bitcoin and every other form of money has its advantages and disadvantages, learn to use them all to your benefit... / |
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Honestly I wish I could find a reasonable house for $50,000 in my state. I only found one that was all broken down.
move to detroit ,you could get your own neighbourhood for 50k And you'll have to pay another 50 to keep hobos and junkies out, not to mention the rats.  Spend a few bucks on automatic rifle and ammo and shoot the zombies if they come on your property |
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If your swimming you can be eaten by a shark or a Crocodile.... Animals would eat us if they could.... I have no Meat guilt at all... Mmmmm delicious animals |
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I doubt the masses are interested in dealing with bitcoin when there are other alternatives like Applepay or ripple and others which are actually faster than bitcoin since it can take up to half an hour or more for the confirmations to go through. Sure some merchants accept 0 confirmation transactions but that's not secure, you don't need the blockchain if you have to trust strangers...
I don't see it replacing credit cards when you have to buy groceries or whatever. Especially in the eyes of the masses who don't put decentralisation above how fast/easy it is to use it...
Also bitcoin transaction fees will be eventually higher as block reward is reduced (long term as you say), that is one of the limitations of the bitcoin blockchain and his proof-of-work...
Maybe other cryptos like nubits or ripple or others will make it regarding fees, not sure about bitcoin.
Listen to this man. It's all about what your average consumer wants. They don't care about the blockchain, or decentralization, or cryptography, or any of these buzz words. It doesn't matter if the government runs it, a gigantic corporation runs it, or if it's driven by a block chain. They want something quick, easy, and reversible. If that's Bitcoin, fine. If that's a credit card, alrighty. Ripple, Applepay, etc? Doesn't matter, so long as their simple demands are met. Something to ponder: In the physical world, business moves at a certain pace. Anything internet-based is competitive beyond imagination and moves at an lightning pace. Whichever payment system survives, it will have to be flexible. That means new features being implemented in months, not years. That means not having to beg and plead for a miner consensus. Like it or not, delivering the latest and greatest features to the consumer will require centralization. Bitcoin must adapt, innovate, improve, compete, etc. or it will perish. We don't want reversible transactions.... |
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Buying on some silly meme announcement and graphic?
Not sure since when the Wall Street Journal and every other major news outlet was considered a silly meme / graphics. Based on your post that you will be suing them, I will be sure to short Bitcoin because I believe in my heart that you will do so and this will bring the price down some.
I do not believe it will hurt Bitcoin. have you worked out any estimation of how much you lost ?
Will be seeking at least $220,000 + anything else the lawyers think (obviously court costs, lawyer fees and that stuff as well.) I hope to see the States start taking some addition action against Coinbase as well. Hopefully the State of California isn't cool with "Rick Rolling" folks either. I don't think you blame them for trading on a meme about going to the moon.... Hence you lost money because the meme was wrong? That's not enough for a case imo Not sure about the other stuff though.... The advertising sounds a bit misleading |
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I wonder if, by protecting all animals from being eaten by mankind, that includes insect too?
And that is the main decider, at what point do we plant our flag and say "at this point on we do not kill"? I would think that most of us would not kill a monkey that can actively speak sign language just to fill our bellies. Even vegetarians choose at what level of life they are willing to kill. Do you swat at a mosquito or step on a bug? What about living viruses? Do you bring out the holocaust inducing bleach to eradicate bacteria and other living organisms? Is there a certain configuration of living cells that is ok to kill and not ok? You might plant your flag and say that anything with a smaller brain than maybe 1000 cells can be killed but anything more than that is off limits. This is the same as a meat eater saying we will not eat something with the intellect of a monkey or horse or house pet, but beyond that everything is fair game. Or being willing to kill a human based on some pre-defined justification. First the ability to do so needs to be established, then the willingness to do so. It is obvious we need a guidance from the anti meat eaters. They can tell us if we can eat an insect or a jelly fish...  A lion doesn't consult with a zebra when its hungry, the are advantages to bring the dominant species ie. "top of the food chain" |
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