Governments can block you from using bitcoin just like they block you from: Gambling Porn Music piracy Joining a terror group Creating a fake facebook account etc... In other words, they can't. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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The connection has timed out , The server at Poloniex.com is taking too long to respond.
Seems clear to me? poloniex.com has it's hooks into your computer and can't seem to do a good job spying on you. It's not a government, the owner of your traffic (poloinex.com) is having problems. I'm gona take a wild guess that you are on a windows computer.
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I'm starting to think there are no bitcoin users in Iceland. I have been trying to give away BTC for almost two months and have had no success. If anyone wants it, it's still available. Just go pick it up or make a deal with someone who can. https://bitcointalk.org/index.php?topic=1610684The entire population of Iceland is only 323,000, and lots of those will be old. It's the wrong country for a bitcoin breakthrough because there simply arn't enough young tech savvy people to make a difference. It's true that BTC is not big in Iceland. But the main reason is banking law. They have some strange currency laws that are changing as we speak. That is why I chose Iceland. I wanted to generate local interest with this stunt. There are actually a lot of tech savvy young people in the capitol and many data farms, including some of the largest bitcoin mines in the world. Reykjavik is a very stylish and hip city with it's own unique fashion and music scene. If they expanded their mining efforts they could also become a major force in mining.
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I'm starting to think there are no bitcoin users in Iceland. I have been trying to give away BTC for almost two months and have had no success. If anyone wants it, it's still available. Just go pick it up or make a deal with someone who can. https://bitcointalk.org/index.php?topic=1610684
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The school I teach at will take bitcoin. It hasn't happened so far, but the owners have some BTC and they see the light. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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authority: the network and coin has no jurisdiction so cannot be controlled... only businesses with a registered address are restricted by laws of that jurisdiction Even if Bitcoin is beyond national jurisdiction, it can still be controlled on an international level through relevant international organizations such the UN or IMF, which are established to address global scale issues. As I see it, international treaties are meant to specifically regulate issues regarding the global commons. Anyways, there shouldn't be any real difficulty to control Bitcoin worldwide if it were worth the effort and such a need arose. How? I don't know the exact procedure but I think that the UN Security Council could possibly issue a resolution potentially banning Bitcoin, for example, under the pretext of fighting terrorism or preventing money laundering, and that would be binding to all UN member states. Whether the Security Council (its permanent members) is actually able to unanimously accept such a resolution is another question, but if it is and does, Bitcoin will be officially outlawed on a global scale. I see what you mean, but I don't think the UN could pull it off. Certainly in America (and maybe everywhere) such a mandate would be greeted with outright hostility. I would not even consider obeying such a law and I have no fear whatsoever of repercussions. So far no one has demonstrated a method that could stop me or anyone from using BTC. There may be people at the UN or elsewhere who would like to see bitcoin just do away, but it ain't gona happen. The war is over and we won. Perhaps in a place like China, with it's great firewall, could greatly limit BTC. However as long as we have net neutrality we're good.
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Neither of those options is tenable in my opinion. Just fund an account at an exchange in your country via a cashiers check and buy at market price.
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authority: the network and coin has no jurisdiction so cannot be controlled... only businesses with a registered address are restricted by laws of that jurisdiction Even if Bitcoin is beyond national jurisdiction, it can still be controlled on an international level through relevant international organizations such the UN or IMF, which are established to address global scale issues. As I see it, international treaties are meant to specifically regulate issues regarding the global commons. Anyways, there shouldn't be any real difficulty to control Bitcoin worldwide if it were worth the effort and such a need arose. How?
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Someone will try. They will fail. (a soft authority, "The Bitcoin Foundation" was an early attempt. It failed)
Bitcoin foundation was an attempt to provide advocacy to the cryptocurrency. Something that is still needed today. ... I think Slark has the right term here. Advocacy not authority. No entity has any authority over BTC. No one can change the supply, distribution, usage rights. These things are coded into the protocol and could only change with overwhelming community consensus.
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thank you very much for al of your responses and i really do appreciate this because i was really curious about the taxation because its a punishable crime to not pay the taxes so i guess i am now satisfied and will liquify more money and turn in to bitcoin cause hey its tax free and who wants to pay taxes
What country do you live in that does not tax bitcoin? i think most of the countries have no tax on bitcoin, and the reason is that bitcoin is not yet legalize by any state and there is no poly of any country to impost tax on illegal items, and therefore there is no tax bitcoin in most of the countries. There is absolutely no question that capitol gains taxes apply in the U.S. And here you owe on all income, even illegal income, which BTC is not. Below is an Illinois tax stamp for weed. Fail to get a tax stamp and you can be charged for tax evasion as well as possession. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fantiquecannabisbook.com%2Fchap20%2FIllinois.jpg&t=663&c=RJ41_IKUsugCxQ)
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How is this still going? Check the link below and discover the infinite magic of decimals. https://en.wikipedia.org/wiki/Decimal_markYou will see that 1BTC is infinitely divisible and more than enough to replace all the worlds currencies. If you are still unclear then consider whether 1.00000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000000000000000000000000000000000000000000 1 is a big enough number. If not, I can add more zeros. As many as you like.
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I am always confused by the term "recovery" in markets. I know what it is supposed to mean, but I think it is the wrong term. For example we are told we are in an economic recovery since 2008. The term recovery implies that the markets are somehow sick and that prices should be higher. That is nonsense, IMO.
The market is low because that is the price, like it or not. Valuations rise when there is a logical reason and they go down in the same way. We are never going to "recover" nor are we "getting the jobs back". There is no reason for those things to happen, despite what every candidate in every election will tell you.
So is bitcoin recovering? No there may be an increase or decrease, but since bitcoin cannot get sick it will not recover.
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In a few years I would guess that governments around the world will institute careful tracking of transaction on the blockchain and begin collecting all the taxes that should have been paid. Every detail of those transactions is recorded forever on the blockchain and are taxable in most every country. Those who deluded themselves into believing that they can't be taxed are going to be in a sorry state when they are billed for the principal, the penalties, the interest, and face possible jail time. ![Cry](https://bitcointalk.org/Smileys/default/cry.gif)
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... my own concern is not the 21 million amount but the miners and the transaction fees, I read how the Rothchids took over the bank of England and this kind of move is possible in future if care is not taken
How?
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thank you very much for al of your responses and i really do appreciate this because i was really curious about the taxation because its a punishable crime to not pay the taxes so i guess i am now satisfied and will liquify more money and turn in to bitcoin cause hey its tax free and who wants to pay taxes
What country do you live in that does not tax bitcoin?
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I really don't care about any money other than bitcoin. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) There are so many things that are more important to me. Even if I have a billion dollars I am never going to care about money. Don't get me wrong, I have been with and without it. It helps to have some money, but I would burn it all in exchange of a life of camping out with the people I love. Fuck money.
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Until I see a method of "destroying" bitcoin I have absolutely no concern about this.
Physically destroy or manipulate so that it is worth nothing? These seem to be the same thing,least how I come to issue. No one is really addressing the technology when they talk about bitcoin being destroyed,its the restrictions or making it obsolete. Not attacking you,but I am curious what you are meaning when you state this opinion about destroying bitcoin. Wanted a response last time to explain the thinking,maybe you can address this. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Sure. What I have seen over the years is a concern that a large bank will try crushing the bitcoin network to avoid competing with it. That makes sense and there are a lot of examples of banks leveraging their power against competition. Generally the argument is based on the banks... 1. Buying a huge amount of BTC then selling them cheap to crash the price. 2. Buying and sending large numbers of coins to a dead address (actual destruction). 3. Taking over the network by starting mega-mines used for a 51% attack. 4. Pressuring lawmakers to make bitcoin illegal. However only the last option is logical. Buying the coins would cost huge amounts of money and raise the price. If they were then sold at a loss it would be the banks loss and likely would only have a very temporary effect. What would be gained? Buying and "destroying" coins would also cost a fortune and only reduce supply thus raising the value of bitcoin. Dominating mining would be the most expensive technique of all and users could simply ignore the "bank fork". That would leave the bank with hundreds of millions of dollars in worthless hardware and nothing to show except perhaps temporary chaos in the market. Pressure to legislate against bitcoin could be a concern. But it would cost a lot and would likely be unsuccessful. What if people keep using it anyway? What about the overwhelming percentage of people on Earth who are not subject to any one nations laws? I only see a path to a minor effect if you are willing to incur major losses. Banks act logically and profitably, not vindictively. In fact trying such a stunt could easily lead to a costly lawsuit by bank investors as it could be considered a breach of the banks fiduciary obligation. Until I see a logical, rational, way by which the banks could take over or destroy the bitcoin network I remain unconcerned.
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If you are in the U.S. you may be interested in crowd-funding portals. New laws will now allow "unqualified" investors to invest a portion of their money in businesses via portals. There are many portals and many more coming. You can read about this change here: https://en.wikipedia.org/wiki/Jumpstart_Our_Business_Startups_ActIn the past you had to be qualified to invest. It was an insulting system that had only one qualification, you must be rich. You must have a million dollars or more and must be able to show that you are likely to earn a million in the next year. So a poor person with a PhD. in economics is UNQUALIFIED, while a rich person with a third grade education and brain damage is automatically QUALIFIED. The implication is that the poor should work for a living and let the rich live off their labor. Ridiculous. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) Here is an example of a portal that is still opening: http://www.startupvalley.com/
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two things i got to say to this: 1) fees will change with price. and it has already changed a lot of times 2) it has been said before and i say it again if 1 satoshi has a value in fiat then bitcoin can be divided into a smaller amount (0.1, 0.01 satoshi)
RU that thick? Do you ever see BTC hardforking:? Please take a moment to stabs your self in the eyes.OKAY you buffoon! 2,100,000,000,000,000 coins available yet... I can not send 10 coins because the fee is 10,000 coins. Get it .. yet? so side chains fill the gap ... discus [img] fish picture[ /img] No, I do not get it. Herbert2020's answer was correct. In fact the bitcoin system would work if there were only 1 coin. 21 million is an arbitrary number and bitcoin can be divided far beyond a Satoshi. Think of the pool of bitcoins as a pie cut into 21million slices. If more guests want pie then you cut ever smaller pieces. As far as the Tx cost, well that changes with the price of bitcoin. I think I used to pay 0.1 BTC to send money. Now that seems like a lot because the price is no longer $.75/coin. As the price went up the fee denominated in BTC has dropped and I'm paying less than 0.00063 BTC now. If each Satoshi were worth $1 then you would likely be paying less than 0.000000001 BTC
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Apple Pay ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Ffarm4.staticflickr.com%2F3117%2F2376032508_f3b611a2ee.jpg&t=663&c=vxpGMExC50JRIA) Bitcoin ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fpsipunk.com%2Fwp-content%2Fuploads%2F2009%2F06%2Ffuturism-concept-car-looks-like-a-reverse-tricycle-future-car-02.jpg&t=663&c=WFxZUiHcVMyGUQ) When you go into a store and want to buy goods. You can either wave your apple watch og iphone at a terminal at the register. It will take you around - 3 seconds.
Nope it will take 2-30 days (sometimes months) for that transaction to clear. Ask anyone who owns a business. With bitcoin a business can ship with complete confidence in less than an hour. Apple Pay is a digital system tacked onto a centralized cupon system which is tacked onto a paper money system. Bitcoin is a completely revolutionary digital system. Or you can pull out your smartphone. Log into your wallet. Scan someones 2D bitcoin code. Send them some bitcoins, wait for the transaction to be verified, and then take your goods and go.. total time 10mins + I have never in my life "logged into" a wallet? I only scan when I'm buying from my phone and it takes far less time than a magnetic strip or a chip card. I also rarely need to wait for verification. Purchases under say $20 do not really need verification. When you buy a big mac at Macdonald's they have no idea if the transaction is valid. But they know that orchestrating a fake Tx is more costly than a big mac, so they just risk it. If I were selling a bass boat then I would wait 10-30 mins. Which I'm ok with. Can someone tell me how bitcoins will ever stand a chance?
You are missing all the most important features of bitcoin. I dumped my cards in 2010 and have saved thousands of dollars, and increased the security of my transactions by orders of magnitude. I travel the world with one currency now. I don't pay bank fees or worry about identity theft. There is no way I'll ever go back to shitty fiat systems. Bitcoin is the fastest, most secure and cheapest money system ever developed, and that's a fact. If you don't believe me then let's have a contest! We'll both buy a gold bar. Unfortunately, you are going to have to pay a lot to use your fancy watch. Your total is $13,198.58, ouch. I will only pay $12,815.40 because I am using BTC. As mentioned above they could ship to me right away, but you are going to have to wait for the Tx to clear Mastercard/Visa... It could be a while. If anyone gets your credit info then you are going to have a mess on your hands. But I could post my account password and it would not help a thief to steal from me. Lastly, I like to own my money. You only have permission to use the federal reserves money and then only if it's ok with your watch. https://www.amagimetals.com/gold/bars/10-oz-pamp-suisse-gold-bar-999-fine-gold
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