 Soon. |
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Depends. I use LIFO because as a miner and fixer of things I need to expense costs at the time I am getting the bitcoin. Therefore it makes absolutely no sense to use FIFO (it's operating capital not investments). Truth is you wind up paying the same amount in taxes anyway because as I withdraw more I go deeper into my "stack" into coins made at a high price, and at a lower price. You just don't change mid-stream. I suppose if you get a new wallet and fill it with new coins you could switch for that wallet, but if you ever move coins from your LIFO wallet into the FIFO one you would have to record the LIFO profit/loss first then use today's price as the basis point for the new FIFO coins. Either way you're fucked in the long run. Worth noting that Ive read in multiple places that while the IRS mostly doesnt care which method you use, but they frown upon switching between methods each year and will sometimes force you do redo returns using the method you used in prior years, so best to pick one and stick with it across the board each year if you dont want to have to worry about spending time and or money amending your returns. Also of note there is at least one other method called HIFO that you can choose from, and perhaps even more that I don't know about. |
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^ Unfortunately, nocoiners will have to be sacrificed from time to time to appease Satoshi.  Yes. " Paul Satoshi rises to leadership through military strategy and political maneuvering, but his superhuman powers and ability to fit himself into pre-existing religious infrastructure allow him to force himself upon mankind Bitcoiners as their messiah. As "Muad'Dib," Paul Satoshi becomes the central figure of a new religion," The Golden Path and great Jihad are the only way. 6k soon. The Bitcoin must flow. |
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A baby Bull, a slaughtered lamb, MOON, date of the start of the baby Bull market ..... all on one HAT?  Sounds like a pagan nativity scene to me Im ok with Bitcoin morphing into a religion one day. It pretty much already is for me.  |
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Buy Bitcoin  |
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Let's put this in perspective. According to the 2015 fractal, we are supposed to be having a massive, soul destroying dip right now. Instead we are having a very slight wobble. I don't know how to interpret this in any other way, other than this is solidly bullish.  eautiful.  Perhaps its time to change history, say to hell with the cycles, and proceed to the moon. With the Fed stopping rate hikes and ending the 50 billion per month QT soon this year, stocks and many risk assets are fast approaching all time highs. Bitcoin will naturally be tempted to hit his old highs along with the rest of the risk asset party. Its a great opportunity to buck the trend of 2015 and break out of the old fractal in style. To make it even more bullish, Trump is also calling for rate cuts and QE and making moves to put Herman Cain on the Fed Board to help harass the board into executing his money printing will. We are in such a more Bullish position right now than in 2015 that I expect it more likely than not that Bitcoin will shock everyone and moon all year. Worst case we dick around between 4-6k all year and bust into 8k range around Christmas imo. This is a great scenario too but I believe Bitcoin has grander plans for his believers. God help the bears when a Bakkt approval pops up in the news feeds out of the blue and sends us up a few thousand bucks in a matter of days. Im sure Jeffrey Spracher and his wife are working hard with their vast resources and connections behind the scenes to push this through and I bet Crypto Dad at the CFTC is gonna wanna make sure its approved before he retires this year. It would easily be his career signature achievement. 118 days into the new BTCaby BTCull Market and all is well. |
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In last 2-3 days I converted 2 noncoiners into bitcoiner. One is my art director and the second person is my hopefully future father in law (he's cop and it's kinda risky move lol) Baptisted them with couple of BTC 😎 Ps: my gf warned me in advance that make sure this thing is solid otherwise we both are fucked and get ready to run together lol. Nice work |
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[edited out]
Somewhere Roach is reading this and pissed, but too ashamed to come fight us I doubt we are getting rid of Roach so easily. He will be back spouting out his pm pumping nonsense.. and racial baloney. He has no shame, even when he is 100% wrong. He is too ashamed right now to comment. I used present tense and its an accurate statement. Nobody said we got rid of him for good, so perhaps you misunderstood what I wrote. I predict he will eventually be gotten rid of for good as BTC climbs in the next year or so, just like Stolfi was completely broken in 2015, never to return. As for shame, his life is a never ending self torture of shame and misery. |
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Did CSW pull some new stunt recently though or what's the deal here?
He inferred he would pay $5k for the dox of one of his most vocal critics, Hodlnaut, so that way he could sue him for saying he's not Satoshi. For a man who's supposedly very smart, he sure is retarded. Wonder what the fuck is going on in that guy's head and how he became such a clown. Probably the billions of dollars worth of Bitcoins he sold cheap years ago to start retarded business ventures that all failed between 2011 and 2013 has driven him mad. He could have been a Billionaire just hodling but he never truly believed in sound money, just his own ego. Now he lies cheats and steals in an attempt to regain what he squandered. He never had anything. He is a phoney who is just making shit up. Im not gonna dig up stuff I read years ago, but it was pretty well documented and verified that he was an extremely early miner of Bitcoin and sold large amounts of coins for peanuts based on todays prices. Yes he is a phoney, no he isnt Satoshi, but he and the deceased Dave Kleinman(likely the real Satoshi imo) were mining Bitcoin before most of the world had ever heard of it. Craig was on the cypherpunks mailing list in the 90's and its not hard to see why someone into cryptography for so long would find out about and mine Bitcoin so early. Here he is on the mailing list talking to Assange, another very early adopter of Bitcoin and also a cypherpunk https://twitter.com/wikileaks/status/674448945381249024?la . To say he is a phoney is accurate, to say he never had anything(in regards to Bitcoins) most likely is not accurate. Most likely he had what at the peak would have been valued at billions of dollars worth of coins, but was selling them for chump change to start his business ventures that legal documents, Australian tax authority documents, and employee statements show were failures. His failure to Hodl has driven him insane. Not everyone can squander many millions of dollars on a pizza and keep their sanity down the road. 6k soon. BTCaby BTCull is growing. |
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will $5000 hold?  Damn those bars are so overpriced in BTC-terms of price  yep, gold not super useful for much other turning to dust and putting on BTCillionaire BTCacon |
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117 into the new BTCaby BTCull Market and all is well. Halvening cycle over 72 percent complete. haha nice to talk about the halving cycle in %'s 75% is coming soon and will be a huge day of celebration. Estimated to be May 24, 2019 and it will mark the beginning of the 1 year countdown till reward drop. So many days and milestones to celebrate in the next few years leading to the BTCiggest celebration of all time. The 100k Party. |
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Fill dem bags boyz. These bargains wont last long.
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I believe minimum wage is morally wrong because it makes it illegal for you to sell your labor for under a certain price.
Likely you misspoke, here. Morally wrong and illegal are two different things. Likely you misread Lambie... Minimum wages makes ilegal to work being paid less than that... and it is morally wrong to impose such limitation because it ends up in more unemployment and bars from working (and being paid *anything*) people that do not produce/deserve more than that. I do agree... with some reserves though. I doubt that I misread or misunderstood Lambie... Minimum wage brings an attempt at a balancing of interests, and sometimes those interests are not very well balanced, but whether something is immoral or illegal tend to be different questions, and sometimes might overlap.. but they are a bit different categories of consideration. Juan, my thoughts here are similar to Bitserve. I dont see why you would think I misspoke here, so perhaps you did not get my meaning. I stated a belief that minimum wage is immoral. I stated why I believe this, because it makes it illegal to sell your labor under a certain price. Its just an opinion, but I was pretty clear about it and I never implied morally wrong and illegal were the same things. I am ok with minimum wage in a fiat system at the moment bc the de facto pay cut of currency debasement would wreak havoc on the vulnerable even more than it does now. Basically Im ok with fighting the immorality of money printing and employer oppression with the immorality of minimum wage. But I believe when(not if) Bitcoin takes over as the main currency employees are paid in, then we will have made money printing obsolete and we can stop the immoral practice of minimum wages that price the low skilled, ex cons, mentally handicapped, drug addicts, homeless, etc, out of the work force. Ok. That is a reasonable explanation both in terms of your prior morality assertions and in terms of how you believe future incentives are going to evolve including how bitcoin may play a role in such future motivations. Thanks. I believe a more prosperous Bitcoin based society will have many more resources to protect the vulnerable, and like you this is also important to me. Hopefully with life extension tech we can all live to see this future. Hahahaha.. you have me until the life extension tech. W have a short time here on this planet, and maybe we can squeeze a few more years, here and there by eating healthy and engaging in healthy habits, but in the end, the grim reapers going to get us all. Whether we only live into our 40s or if we have a more enduring life into our 100s.. I can hardly imagine banging hookers, doing blow and donuting in lambos into my 100s, so I plan to engage in those activities prior to my meat wagon causing me too many limitations in those regards. Hookers and lambos doesnt have to wait. We will see massive Bitcoin profits in the next few years. Im talking about a future where most employees are paid in Bitcoin and it dominates global finance and payments. This will take a lot longer, but I think most will live to see it if they go easy on the drugs and booze so just dont go too nutz at the 100k party. "According to a longevity study conducted by John Wilmoth (5), a UC Berkeley associate, the "oldest age at death for humans has been rising for more than a century and shows no signs of leveling off." Wilmoth and fellow colleges from the United States and Sweden researched the national death records in Sweden and found an increase in the average maximum lifespan each year since 1861. This finding calls into question the 120 lifespan limit. "We have shown that the maximum life span is changing. It is not a biological constant. Whether or not this can go on indefinitely is difficult to say. There is no hint yet that the upward trend is slowing down," writes Wilmoth. Wilmoth's statements about maximum lifespan run counter to a commonly held belief that there is a natural limit. "Those numbers are out of thin air," said Wilmoth. "There is no scientific basis on which to estimate a fixed upper limit. Whether 115 or 120 years, it is a legend created by scientists who are quoting each other." says Wilmoth. Will the Trend Continue? "Aging is a biochemical process and humans will learn how to intervene in it and slow it down" Nick Bostrom, founder of the World Transhumanist Association predicts in his article Case Against Aging(1). Optimistically, Bostrom see the elimination of aging as "theoretically possible." While it may not be within reach now, it will be soon. Current trends seem to prove Bostrom correct. Evidence for an ever increasing human lifespan -- as a result of advances in medicine and improvements in quality of life -- is quite impressive. Not only is there mounting statistical evidence for a continued upward trend, there's evidence this trend is actually accelerating." https://www.fightaging.org/archives/2003/01/this-wonderful-lengthening-of-lifespan/Sea Turtles living to be 400 years old is a slap in the face to humanity. We will catch up with our elitist turtle friends before too long. |
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I am not supporting illegal migration. I am simply stating that much of the US economy runs on illegal migrant labor. This is a fact.
A fact that needs to change. Even it crashes the local economy. America will adapt, always has, always will. And no, American teenagers do not want to pick bell peppers out of the dirt in the blazing sun for $2 per hour.
And that's their whole fucking problem, isn't it? Coddled, spoiled, privileged, sitting on their fat asses drinking their $4 lattes and eating $7 avocado toast and $9 millionaire's bacon. All the while crying about illegals taking their jobs. But no worries, when the world economy goes to shit... they'll learn... by picking free grown bell peppers in the blazing sun out of their back yards just to eat. I had to google millionaire's bacon. I must try this soon.  Doesn't sound good. I am already a bit reluctant to eat bacon because of sugar in the processing, but to add more sugar, that is not a good thing. Don't get me wrong, I do like bacon, but geez.. adding more sugar to it, does not seem like a good direction to go, in terms of health impacts... but I would still try it out, just to say that I tried it. Well just skip the millionaire bacon, and go for the more healthy BTCillionaire Bacon. Zero calories in 24k gold dust. I agree that some of your further posting on the millionaire/billionaire bacon topic should cause a decent level of prude extraction from yours truly... and makes me want to try it, just to say that I did. I am beginning to understand your various points, and surely better to eat gold, rather than bitcoins... since gold is not going to be worth anything in the future, as compared with bitcoin. Somewhere Roach is reading this and pissed, but too ashamed to come fight us |
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I believe minimum wage is morally wrong because it makes it illegal for you to sell your labor for under a certain price.
Likely you misspoke, here. Morally wrong and illegal are two different things. Likely you misread Lambie... Minimum wages makes ilegal to work being paid less than that... and it is morally wrong to impose such limitation because it ends up in more unemployment and bars from working (and being paid *anything*) people that do not produce/deserve more than that. I do agree... with some reserves though. I doubt that I misread or misunderstood Lambie... Minimum wage brings an attempt at a balancing of interests, and sometimes those interests are not very well balanced, but whether something is immoral or illegal tend to be different questions, and sometimes might overlap.. but they are a bit different categories of consideration. Juan, my thoughts here are similar to Bitserve. I dont see why you would think I misspoke here, so perhaps you did not get my meaning. I stated a belief that minimum wage is immoral. I stated why I believe this, because it makes it illegal to sell your labor under a certain price. Its just an opinion, but I was pretty clear about it and I never implied morally wrong and illegal were the same things. I am ok with minimum wage in a fiat system at the moment bc the de facto pay cut of currency debasement would wreak havoc on the vulnerable even more than it does now. Basically Im ok with fighting the immorality of money printing and employer oppression with the immorality of minimum wage. But I believe when(not if) Bitcoin takes over as the main currency employees are paid in, then we will have made money printing obsolete and we can stop the immoral practice of minimum wages that price the low skilled, ex cons, mentally handicapped, drug addicts, homeless, etc, out of the work force. Ok. That is a reasonable explanation both in terms of your prior morality assertions and in terms of how you believe future incentives are going to evolve including how bitcoin may play a role in such future motivations. Thanks. I believe a more prosperous Bitcoin based society will have many more resources to protect the vulnerable, and like you this is also important to me. Hopefully with life extension tech we can all live to see this future. |
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Many stubborn Bears are underwater with their various shorts under 4200. Now we tease them a bit by dipping under 5k here and there, but soon we blast off to 6k and leave all bears who refuse to throw in the towel utterly REKT.
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Good morning WO's! I have a good news! Changpen Zhao reminded that Craig Wright is not Satoshi, and even delisted Bitcoin SV from the stock exchange.  Lol @ Zhao.  Boss move. |
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Did CSW pull some new stunt recently though or what's the deal here?
He inferred he would pay $5k for the dox of one of his most vocal critics, Hodlnaut, so that way he could sue him for saying he's not Satoshi. For a man who's supposedly very smart, he sure is retarded. Wonder what the fuck is going on in that guy's head and how he became such a clown. Probably the billions of dollars worth of Bitcoins he sold cheap years ago to start retarded business ventures that all failed between 2011 and 2013 has driven him mad. He could have been a Billionaire just hodling but he never truly believed in sound money, just his own ego. Now he lies cheats and steals in an attempt to regain what he squandered. |
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I am not supporting illegal migration. I am simply stating that much of the US economy runs on illegal migrant labor. This is a fact.
A fact that needs to change. Even it crashes the local economy. America will adapt, always has, always will. And no, American teenagers do not want to pick bell peppers out of the dirt in the blazing sun for $2 per hour.
And that's their whole fucking problem, isn't it? Coddled, spoiled, privileged, sitting on their fat asses drinking their $4 lattes and eating $7 avocado toast and $9 millionaire's bacon. All the while crying about illegals taking their jobs. But no worries, when the world economy goes to shit... they'll learn... by picking free grown bell peppers in the blazing sun out of their back yards just to eat. I had to google millionaire's bacon. I must try this soon. Doesn't sound good. I am already a bit reluctant to eat bacon because of sugar in the processing, but to add more sugar, that is not a good thing. Don't get me wrong, I do like bacon, but geez.. adding more sugar to it, does not seem like a good direction to go, in terms of health impacts... but I would still try it out, just to say that I tried it. Well just skip the millionaire bacon, and go for the more healthy BTCillionaire Bacon. Zero calories in 24k gold dust. "Pure gold is chemically inert and passes through the human digestive system without being absorbed into the body. Since 24-karat gold is very soft and fragile, most edible gold—whether leaf, flakes, or dust—also contains a little bit of silver, which is also inert." https://slate.com/technology/2012/07/the-666-gold-wrapped-douche-burger-is-it-safe-to-eat-gold.html |
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I believe minimum wage is morally wrong because it makes it illegal for you to sell your labor for under a certain price.
Likely you misspoke, here. Morally wrong and illegal are two different things. Likely you misread Lambie... Minimum wages makes ilegal to work being paid less than that... and it is morally wrong to impose such limitation because it ends up in more unemployment and bars from working (and being paid *anything*) people that do not produce/deserve more than that. I do agree... with some reserves though. I doubt that I misread or misunderstood Lambie... Minimum wage brings an attempt at a balancing of interests, and sometimes those interests are not very well balanced, but whether something is immoral or illegal tend to be different questions, and sometimes might overlap.. but they are a bit different categories of consideration. Juan, my thoughts here are similar to Bitserve. I dont see why you would think I misspoke here, so perhaps you did not get my meaning. I stated a belief that minimum wage is immoral. I stated why I believe this, because it makes it illegal to sell your labor under a certain price. Its just an opinion, but I was pretty clear about it and I never implied morally wrong and illegal were the same things. I am ok with minimum wage in a fiat system at the moment bc the de facto pay cut of currency debasement would wreak havoc on the vulnerable even more than it does now. Basically Im ok with fighting the immorality of money printing and employer oppression with the immorality of minimum wage. But I believe when(not if) Bitcoin takes over as the main currency employees are paid in, then we will have made money printing obsolete and we can stop the immoral practice of minimum wages that price the low skilled, ex cons, mentally handicapped, drug addicts, homeless, etc, out of the work force. |
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