There are a number of reasons, but let’s focus on one: the capital gains tax. The Fed debases the dollar, but of course not gold and silver. As the dollar falls, the prices of the metals rise. The government treats this as a “gain” and upon sale of the metal, levies a tax on it. If the dollar loses half its value, then the gold price will double, say from $1,400 to $2,800. The government takes 28 percent of this difference, or about $400. The only way to avoid this tax is by not selling. Thus gold and silver are best suited to long-term preservation of wealth: hoarding. So would the customer holding the gold pay the CGT, or the BitGold the company or both? Could it not also be the need to register the business and its activities on a state by state basis? |
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Can anyone please tell me why bit gold cant be used to send payments between users in the US?
Is it a legal restriction?
If so does anyone know which laws are causing the restriction?
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I'm going to try update the list here at some point so if anyone wants to update or add to the list of existing mints please can you post them to the thread and I'll get them added when I have a mo. Over the last year or so there have been lots of new mints popping up and I've not been able to keep track of all of them.
Even better if you have good quality photos of the coins, bars etc please post them here and I'll get them added.
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Why I'm an unashamed Bitcoin bullWhen it comes to what’s interesting out there right now, I’m an unashamed bull on Bitcoin. At the current price, you’re paying about $6bn for the entire Bitcoin network. That makes it the approximate equivalent of the world’s 2,000th largest stock – in other words, it’s really not seen as a big deal. There are distressed mining stocks that have the same valuation as the entire Bitcoin network. But what would you rather buy – a potentially world-changing opportunity, or an expensive hole in the ground? I’m not suggesting for a moment that you should put 100% of your wealth in Bitcoin – to an extent it’s still a solution looking for a problem. But I think that getting light exposure just now could pay off handsomely in the long run.
Turning more mainstream, the US dollar is clearly a major factor affecting markets, and I suspect that dollar strength will continue. The US economy is stronger than most of the rest of the world, and they’re probably raising interest rates for the right reasons – mainly that they’re too low in the first place. They’re at least able to consider “normalising” at a time when most others are unable to do so. That suggests that pressure on emerging markets will continue – as former US Treasury Secretary John Connally once put it: “It’s our dollar and your problem”. Despite its strong run, the dollar, fundamentally, is not overvalued – it’s come from a position of being cheap in 2007 to something close to fair value now – so it could go on for a while longer. I also think the yen is undervalued right now.
Finally, there’s the question of Brexit. I believe that we should leave the EU. That said, there’s no question that the pound will inevitably see some weakness over the referendum, as will certain areas of the stockmarket. From that point of view, those who want to prepare for any uncertainty on that front should look at the big globally exposed companies in the FTSE 100 – excluding energy and mining, obviously – which could turn into something of a safe haven.
Charlie Morris is the editor of the Atlas Pulse newsletter, AtlasPulse.com.
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I have managed to find the last of my 0.5BTC Casascius Series 3. I have about 6 left. They've not been out the tube since they arrived; apparently they grade pretty high. First come first serve.
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Beautiful coins! Do you sell any that arent preloaded, but are still usable as a hard wallet? Silver would be fine.
No load your own coins sorry...Actually the casascius coloured coins are loadable but you'll need to provide your own hologram and private key; I'm not sure if that is what you are after. |
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Bump.
I still have stock of the listed coins if anyone is interested.
Please PM me as I'll get an email and see your request, I check back here intermittently.
I have a few other rare items I've not bothered to scan so let me know if you're after something particular as I may have it.
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I should be clearer: I don't want anyone to be able to work out what the next address in the sequence will be, e.g. if I've generated 100 addresses in sequence and used them publicly will anyone be able to guess what address 101 would be without the pubkey seed?
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I'm sure this has been asked before but I can't find an answer on-line.
Is a bitcoin transaction valid if:
1. It has one input and output with the same address which send the same amount funds to one another, i.e. no miners fee?
2. It has one input and output with the same address which send a reduced amount of funds to one another, i.e. there is a miners fee?
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I have the following use case: I want to generate a series of public keys from which to create Bitcoin addresses from a deterministic wallet, but I do not want anyone to know or be able to predict what my sequence of addresses will be.
So my question is: can I keep the public key seed on a cold storage machine and generate public keys on an as needed basis without revealing what the next public key or address in the sequence is likely to be?
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Bob could attack Alice if he had access to enough nodes by broadcasting a mutated version of the first transaction, rendering her lock_time transaction usless and effectively destroying her coins.
This doesn't strike me as very secure... unless I've moss understood something.
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I love Kinguin, this is great news.
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Does anyone know if there is a detailed explanation of how the segregated witness proposal works, i.e. a white paper or similar?
I've had little luck looking on-line and can only find overviews of it's proposed capabilities.
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Consensus is building, if you had bothered to follow any recent events.
Just because two twats offer up a "fork now or everything is naught" kind of tactic, doesn't mean that people can't decide for themselves. The growing consensus is closer to 4MB - 8MB, and depending on how the relevant BIPs (Bitcoin Improvement Proposals) fare, we'll see this integrated into the core client in due time.
We're not hitting any real transaction limits anyway, so the whole mega-drama about how we need it RIGHT NOW is a bit overstated.
+1 |
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HSBC UK forcibly closed our account when they saw mention of bitcoin on our website. So you can add them to the list. May I also suggest you divide the first post into two sections: one for known Bitcoin hostile banks and a section for known Bitcoin friendly banks, currently it says: ...
To qualify on the list a bank or payment processor must without explanation terminate or refuse business of legitimate bitcoin busineses...
But Fidor bank is listed in this list, and it's Bitcoin friendly. It also involves reading every entry to differentiate hostile from friendly banks. |
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... As for the OP's question, I think you only need to check the signature and the txid. The signature will be invalid and won't match the original if any part of the signature or data it signs doesn't match. This will be different depending on what was signed. This https://bitcoin.org/en/developer-guide#signature-hash-types might be able to help you. Thanks. I've already read through thatand am still none the wiser. Can anyone else confirm if the txid, public key and signature are all that is required to spot all forms of transaction mutation? |
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