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Thanks for the offers guys. I didn't see it until now, but I ended up getting 20$ worth through bitinstant. The presentation is for my public engineering/public speaking class.
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Thanks. I guess I will pick up a moneypack at walmart and try bit instant.
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What's the easiest way to buy 10$ worth of BTC. This is my first time buying Bitcoins and was hoping there was an easy way to do this. Is via moneypak the easiest way? I tried buying on mt gox, but 1 coin is the minimum amount to buy and I don't need 60 dollars worth of bitcoins. I only need about 10$ worth to show how easy it is to transfer from one user to another in a presentation I am doing. Thanks
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I just compiled this on Linux, though I had to rename the time variable since it conflicts with std::time(). I'm not sure how you got away with that on Windows. Does the Visual C++ standard library really not have a time() function? Although, knowing Microsoft, that wouldn't actually surprise me. Also, I don't quite understand the "enthusiasm" thing. Is this just some random thing you threw in just to show your instructor that you know how to use a switch statement?
Anyway, to anyone else who wants to try it out, the code is clean safe, but I'd be wary of the included EXE file. I don't know whether it was compiled from this source or not and am too lazy to find out. Compile from source to be safe.
Yeah like I said I am not a programmer, just some noob who took the class. Yes it runs fine on my windows machine without changing the code. Yes the enthusiasm was added simply because you were suppose to implement as much as possible from the course and I had yet to add a switch. |
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I have always wanted to get into mining, but know I missed the prime time. If I were to invest in an ASIC/ASICs, is there a chance I could make profit off of it?(or at least pay it off). When they first come out, will that be the best time to buy them?
Well it's all speculation. I don't want to try and estimate if/when you'd make money by investing in ASIC hardware. The only thing that seems certain is that if ASIC turns out to produce anywhere near it's estimated hashes/second with as many people as have preordered the gear already that trying to mine on non-ASIC gear will be near useless. If I were forced to guess, I would say that there would be a spike in profit for those that were the first to preorder and thus had the hardware in the network first. Then as the hardware becomes more available all the miners will be using the gear and the investment to return will be about the same. Also of note, is the number of bitcoins to enter the economy per day is going to half probably around the end of this year (December?). How that plays out with the bitcoin value might affect your calculations as well. Thanks guys... Figured about this much... I don't pay for power so this is a tough decision for me. Not sure if I should preorder or not... |
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Yeah, with ASICS coming out it wouldn't seem wise to put money into FGPA's now.
I suppose if you must you might consider the singles by bfl since they offer trade in value on their ASICS preorders. They seem to take a long time to get to you though from what people say. You might not even get it before it's time to trade it in. You might find someone to sell you one of theirs but I don't think there are a whole lot of them out there that people are willing to give up and people already offering inflated prices for them.
I have always wanted to get into mining, but know I missed the prime time. If I were to invest in an ASIC/ASICs, is there a chance I could make profit off of it?(or at least pay it off). When they first come out, will that be the best time to buy them? |
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Seems legit.
I detect sarcasm  |
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Hello all, I am new to the forums. Just wanted to say hello. Also here is a "ghetto" bitcoin calculator I made to run in cmd from my last semester's programming class. It's nothing special or really that usable. Most of you programming folks will scoff at it, but it was my first C++ class and I thought it would be fun to take a stab at it  . Also I think you need visual studio to open it as well.... Bitcoin Calculator: http://www.fast-files.com/getfile.aspx?file=54768You expect bitcoin users to download a windows executable from a new stranger in a bitcoin community? I'm not accusing you of anything, but you have to understand it seems pretty fishy and people are pretty paranoid about anything that potentially steal their wallet. All Bitcoin software should be open source for this reason. Welcome to the forums. It's not a Windows executable, it's a Visual Studio solution file... and only the solution file, without the corresponding project file or even the source file(s).  Algar, didn't it strike you as odd that your RAR file actually takes up less data than your post about it? This cat is right^^^. I don't know how the hell I did that. Sorry if anyone actually downloaded it. As I said don't take it seriously, it is barely a calculator (or proper coding). This one should work if anyone is interested: http://www.fast-files.com/getfile.aspx?file=54775For those of you who would rather just look at the code: http://www.cplusplus.com/forum/beginner/75662/(sorry if I am not aloud to link to other forums) Also I am messing around with github now, whoever asked above. (I am sure I will need it quite a bit in the future) |
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Hello all, I am new to the forums. Just wanted to say hello. Also here is a "ghetto" bitcoin calculator I made to run in cmd from my last semester's programming class. It's nothing special or really that usable. Most of you programming folks will scoff at it, but it was my first C++ class and I thought it would be fun to take a stab at it . Also I think you need visual studio to open it as well.... Bitcoin Calculator: http://www.fast-files.com/getfile.aspx?file=54768You expect bitcoin users to download a windows executable from a new stranger in a bitcoin community? I'm not accusing you of anything, but you have to understand it seems pretty fishy and people are pretty paranoid about anything that potentially steal their wallet. All Bitcoin software should be open source for this reason. Welcome to the forums. I expected this answer and I most certainly understand the concern. I am not forcing anyone to download it. Honestly it isn't even that good, just an attempt that got me a good grade in the class. Not everyone has windows, so yes I thought there was a slim chance some people might download it and maybe open in wine or similar . And thanks for the welcome  . |
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I kind of figured it would work out something like this. You seem to have some insight on the matter. Are you saying that a large retailer couldn't use bitcoins? If they did would they reimburse the state in taxed bitcoins (obviously they would not accept them)? Or would they be forced to convert in to USD and then pay the state in that? I think that unless major online stores start doing it many could easily get away with it because there is not legislation on taxing bitcoins (or how one should go about turning them into usd and paying the feds) is there? But there will be legislation on taxing goods.... I don't know, Kind of confusing for me to try and think of how it would pan out.
ehh sorry for the rambling^^^... Let me know what you think though. Thanks.
Hey, you got 5 posts! I don't see any reason why a big retailer couldn't use bitcoins, but there's no magical exemption from taxation for transactions that occur or are denominated in currencies other than USD. If the "we didn't use dollars" trick worked, we'd all be using Mexican pesos or Canadian dollars or whatever and giving the tax guys the middle finger. Using alternative currencies introduces a little complexity - partly because of exchange rate issues, and partly because it's just more work on the part of the tax authorities to learn about the new tricks - but there's a giant difference between behavior that's legal, and behavior that's tough for the authorities to punish. BTC's obscurity and (IMHO oversold) "anonymity" mostly touch that second angle - the "you can't see this, and you can't punish me for doing things you can't see" argument - but that really doesn't last very long, and ultimately it's a practical argument, not a legal argument. To answer your literal question, if Walmart woke up tomorrow morning and decided to do business in BTC, they'd still have various payroll/income/sales tax obligations to the tax authorities, and they'd need to exchange BTC for USD in order to satisfy those obligations. We don't need any extra legislation, the existing tax rules apply no matter whether you're selling things for dollars or for bananas or for BTC. There's a popular (and wrong) perception that barters or exchanges aren't taxed - that's not what the law says. The practical side of that is that if two people engage in an effectively invisible transaction, and nobody squeals, the likelihood of being caught for tax evasion is close to zero. So if you go deliver something for me and I make you some tacos for dinner in exchange, nobody's gonna notice, and nobody goes to jail. But if UPS and Taco Bell made the same deal - Taco Bell gets to ship things for free, and all of the UPS drivers get to stop in a Taco Bell and get free lunch every day - IRS would be all over them, and they'd have to report the transactions, converted to USD equivalents, on their respective tax returns as income and expense items. Just so. And it would apply to individuals as well. If you make a pile of CHF or Wynn Casino checks, you don't get much mileage by saying they're not really taxable money--even if you manage to spend them in the US as "barter" without ever converting them to dollars. If the taxman finds out, he will want them declared as income and taxed. While an individual or, say, a mob cigarette dealer, might get away without paying taxes much of the time through obscurity, you're absolutely right that any major retailer will end up mostly complying with the law--and there will be taxes. Yeah agreed. The feds have their noses in everything nowadays  . I really hope they don't start taxing online purchases. Fortunately for me I could always send my things to a neighboring state, but that is a hassle as well. |
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I kind of figured it would work out something like this. You seem to have some insight on the matter. Are you saying that a large retailer couldn't use bitcoins? If they did would they reimburse the state in taxed bitcoins (obviously they would not accept them)? Or would they be forced to convert in to USD and then pay the state in that? I think that unless major online stores start doing it many could easily get away with it because there is not legislation on taxing bitcoins (or how one should go about turning them into usd and paying the feds) is there? But there will be legislation on taxing goods.... I don't know, Kind of confusing for me to try and think of how it would pan out.
ehh sorry for the rambling^^^... Let me know what you think though. Thanks.
Hey, you got 5 posts! I don't see any reason why a big retailer couldn't use bitcoins, but there's no magical exemption from taxation for transactions that occur or are denominated in currencies other than USD. If the "we didn't use dollars" trick worked, we'd all be using Mexican pesos or Canadian dollars or whatever and giving the tax guys the middle finger. Using alternative currencies introduces a little complexity - partly because of exchange rate issues, and partly because it's just more work on the part of the tax authorities to learn about the new tricks - but there's a giant difference between behavior that's legal, and behavior that's tough for the authorities to punish. BTC's obscurity and (IMHO oversold) "anonymity" mostly touch that second angle - the "you can't see this, and you can't punish me for doing things you can't see" argument - but that really doesn't last very long, and ultimately it's a practical argument, not a legal argument. To answer your literal question, if Walmart woke up tomorrow morning and decided to do business in BTC, they'd still have various payroll/income/sales tax obligations to the tax authorities, and they'd need to exchange BTC for USD in order to satisfy those obligations. We don't need any extra legislation, the existing tax rules apply no matter whether you're selling things for dollars or for bananas or for BTC. There's a popular (and wrong) perception that barters or exchanges aren't taxed - that's not what the law says. The practical side of that is that if two people engage in an effectively invisible transaction, and nobody squeals, the likelihood of being caught for tax evasion is close to zero. So if you go deliver something for me and I make you some tacos for dinner in exchange, nobody's gonna notice, and nobody goes to jail. But if UPS and Taco Bell made the same deal - Taco Bell gets to ship things for free, and all of the UPS drivers get to stop in a Taco Bell and get free lunch every day - IRS would be all over them, and they'd have to report the transactions, converted to USD equivalents, on their respective tax returns as income and expense items. Thanks. Makes a lot of sense . |
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I think it will not make a difference, because (at least in California) sales tax applies to the purchase of physical goods; so if some retailer wants to be an outlaw and not collect sales tax, they're going to have to be shipping goods from outside of the US into the US, which means higher shipping costs, potential customs problems, longer delivery times, and wary customers.
And once the sales tax machine gets cranked up, I fully expect to see integration between customs declarations and state tax authorities, so the states will still seek their sales tax from the end users.
There's a perception that BTC is some crazy bandit currency that somehow escapes regulation - the bottom line is that retailers of any significant size are going to be forced to comply with the sales tax regime. And, frankly, if some retailer wants to be an outlaw and rip someone off, it would make a lot more sense for them to appear to comply with the sales tax system, but then underreport their sales and just pocket the extra sales tax.
Also, once the sales-tax-on-the-internet thing is implemented, retailers who do cooperate with the system will have an incentive to rat out their competitors who don't; and the tax authorities will have an incentive to go after those people, and make painful examples out of some of them, to scare everyone else into submission.
I kind of figured it would work out something like this. You seem to have some insight on the matter. Are you saying that a large retailer couldn't use bitcoins? If they did would they reimburse the state in taxed bitcoins (obviously they would not accept them)? Or would they be forced to convert in to USD and then pay the state in that? I think that unless major online stores start doing it many could easily get away with it because there is not legislation on taxing bitcoins (or how one should go about turning them into usd and paying the feds) is there? But there will be legislation on taxing goods.... I don't know, Kind of confusing for me to try and think of how it would pan out. ehh sorry for the rambling^^^... Let me know what you think though. Thanks. |
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Damn someone already took 32 . I will go with 36. |
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Well it can't hurt Bitcoin.
True that . Anyone else think this could maybe help bitcoin out? |
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Hello all, I am new to the forums. Just wanted to say hello. Also here is a "ghetto" bitcoin calculator I made to run in cmd from my last semester's programming class. It's nothing special or really that usable. Most of you programming folks will scoff at it, but it was my first C++ class and I thought it would be fun to take a stab at it . Also I think you need visual studio to open it as well.... Bitcoin Calculator: http://www.fast-files.com/getfile.aspx?file=54768 |
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