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21  Bitcoin / Legal / Re: Time to start thinking about taxes on: December 12, 2013, 08:37:19 AM
Intention/use would make sense to matter.
If you bought bitcoin to speculate (and I guess hold it over a year) it would be capital gains.
If you did an online job for bitcoin, I guess you could claim it as income.
What if it was a gift?
I guess if you kept bitcoin and used it to buy something now that the price is higher it would count as bartering if you didn't change it to fiat?

I guess the middle investor is going to be the victim here. Small amounts will be overlooked, millionaires will go to cash havens/change citizenship to avoid taxes and the middle man is going to have to pay up.


22  Bitcoin / Project Development / Re: [ANN] CoinMap - Map showing places where Bitcoin is accepted on: December 12, 2013, 12:28:08 AM
Quote
Feel free to fix the German translation or add new ones to lang folder via email or pull Github requests. Thanks!

I have tried to add a Japanese translation. Could someone check if I used Github right? If not, I'll just e-mail the code.

23  Bitcoin / Project Development / Re: [ANN] CoinMap - Map showing places where Bitcoin is accepted on: December 10, 2013, 10:56:10 PM
I have to second that motion. It would be useful too to have a lots of people check out the newly added places so that any spam could be discovered easily.
24  Economy / Speculation / Re: If I Was a Whale (or Do Guardian Whales Exist?) on: December 09, 2013, 09:16:01 AM
It is a speculation, however...
Certainly using the bitcoins to buy things would be a better way to expand bitcoin and have it succeed. Of course most businesses cash out the bitcoins used causing the market to drop. (The current price doesn't really matter if you're in it to let it become widespread)
As we see with a lot of 'whales' that want bitcoin to succeed: they use their bitcoin to start new bitcoin-based businesses.
Cashing out on exchanges to keep the things going isn't a very good strategy. Unless you want to reward greedy traders.
25  Other / Beginners & Help / Re: The biggest annoyances as a new user on bitcointalk on: December 08, 2013, 11:25:54 PM
Couldn't they put up some guidelines that are only visible by Newbies? Like all the other Forums areas have a 'RESTRICTED tag on them. I've seen it on other forums. It should make the Newbie section easier to find.

I was mostly annoyed by the time limit on the search function. (search for something, can't find it. oh wait let me try this...=> Please wait 90 seconds) I understand why it is necessary, just wonder if there isn't a better way.
26  Bitcoin / Bitcoin Discussion / Re: Identity of Satoshi Nakamoto Revealed on: December 08, 2013, 02:44:12 AM
Quote
Trust me there are people who have already figured it out yet purposely do not announce it, due to camp number 3:

3.) They figure out who he or they are just due to natural human curiosity, but because he or they wish to remain anonymous, they let him or them be anonymous and give out zero clues to who he or they are. They do not announce their search, they do not announce any clues, they just let him or them be.

Actually who knows if they have figured it out or not? No one is certain who Satoshi really is, but they have their own theories and answers, yet at the same time do not purposely give it out loud.
Hear, hear. Yes, I agree.

27  Bitcoin / Bitcoin Discussion / Re: Identity of Satoshi Nakamoto Revealed on: December 07, 2013, 05:34:39 AM
As with every theory, there are more people debunking it than believing it.
The problem is that if Satoshi really moved on and only posted with his own account, then analyzing this would only show who has the most alike language to Satoshi. I'm sure that 'the whole internet' in this search was greatly confined to articles about bitcoin and similar content. This would lead ultimately to having a likely answer coming out very probable.

As for the picture above. I got a gut feeling that Satoshi may have a little bit more hair than that, haha. Cheesy
(no offense to bald people I'm losing hair myself)
28  Economy / Speculation / Re: How low will bitcoin be before 2013 ends on: December 07, 2013, 05:20:12 AM
I won't post my algorithm here, but I estimate the 'real value' of bitcoin at about 300 dollar at the moment. (start of December 2013)

(This took into account all uses of bitcoin. Store of wealth, international exchange, gambling, drug trade, smuggling, legitimate online trade, places accepting bitcoin, coolness factor, honest speculation, lost coins and total coins and so on)

This means that the extra value of bitcoin over 300 is just speculation at the moment. 500 would probably be a good price to start buying because of the high expectation and it is not likely to drop much below that. (unless you really want bitcoin in the long run and then it doesn't matter, then you should look at how much coins you want before thinking about their price)

The real value of bitcoins (in my opinion changes about 3% up every month). This would mean to make it round 310 dollar at the end of this year. Speculation has been floating around 2,5 times the real price so it would make 775 a good target for the new year.

News has a very big impact on the price, so I guess any bigs news could make this estimate much higher or lower
29  Economy / Economics / Re: Could someone explain to me the numbers highlighted in this capture? on: December 07, 2013, 04:56:11 AM
Okay, I think I can explain.

They are indeed buy and sell orders (the buy orders are the ones lower than the current price and the sell orders are the higher ones) The current price is the middle one in red.

In this case the last price is 650. The next sell order in a higher class is 662.00000 (trying to sell 42.970)
The remaining coins wanted at 650 price would be below in red. 434.99 at 650.0000.

The right column would have to be the amount of people/orders within a certain price range. This is a reversed bell curve because it is cumulative. The 88 sell orders for the 665 range would be 43 of the 660 range +45 of the 665 range and so on.

I don't know what you mean with the left column and numbers appearing. I guess orders being filled or added or withdrawn change the make-up of the table.

It would make sense for people to put more sell orders in for higher volumes if you want to sell. Suppose I have 10 bitcoins. (strategy 1) If the price goes up to 1000 I want to sell 1 and make a 1000. if it goes up to 10000, I want to sell 3 and make 30000 and so on. (strategy 2) If I put a sell order in for 4 coins at 1000 then if the price goes up to 10000 when I am sleeping, I sold those 4 coins for 1000 automatically and I only made 4000 when I could have made 31000 with strategy one.

The same goes for buying. If you put too much orders close to market price, you risk buying too high when the price drops completely.

(note I am not responsible for any of this info, just take it as a calculated and logical answer that could be partially wrong)
30  Bitcoin / Project Development / Re: [ANN] CoinMap - Map showing places where Bitcoin is accepted on: December 05, 2013, 09:18:43 AM
Useful website! Keep up the good work.

It might be cool if someone did a blog and visited the places listed. I'm sure it would be popular as well as useful in weeding out the places that are not really accepting coins.
31  Economy / Gambling / Re: Satoshi Aces [official thread] [1 BTC Giveaway currently ON] on: December 05, 2013, 12:45:23 AM
I guess I could take a chance?:
146tjerNTP57rod6spRMLLMYqYmo2B822f
32  Economy / Speculation / Re: Thank god for those buyers! on: December 01, 2013, 07:49:10 AM
Has anyone considered that it might actually be the market growing that is causing the drop?

The assumption that something's price will go up if the market grows is legit, but is it really true for bitcoin in the short run?

Suppose I have a bitcoin and I do not spend it. The bitcoin has a value of the current price of bitcoin, let's say X. If a new person buys another bitcoin, the price will go up.

Now suppose I spend the bitcoin for a service. The merchant takes my coin and exchanges it for X at an exchange. This coin is bought by the other person and the price stays the same (X).

Unless I buy in the same amount of coin I had, I basically cashed out. This means that even though publicity and other factors are at hand, buying bitcoin to spend it immediately and when it is immediately turned back into fiat is a null operation. The market grows the longer the bitcoin are being held. The price will start to go up if people start to stock bitcoins from purchases. Or if people buy bitcoins and stock them without immediately buying.

This means that on every big sale day (such as black friday) the price is most likely to drop due to vendors cashing out.
33  Bitcoin / Bitcoin Discussion / Re: Tatsuaki Okamoto = Satoshi Nakamoto? on: December 01, 2013, 06:15:57 AM
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As a resident of Japan who speaks to non native English professionals in many fields everyday, it is my opinion that whomever wrote the messages in the link above is either a native English speaker or has spend the vast majority of their life in an English speaking country. From the above link I didn't see any clear indication as to which country though.
Yes, you are right. The US would be most probable. Second would be Northern Europe (a lot of native British-Australian-...) have certain language usage that would be dead giveaways. Then third Britain and colonies.

I have a strong hunch, but don't know what to do with it. I don't want to end up like Nelson and some others. Spewed out by the community as a weirdo as the person in question denies it. Cheesy
34  Bitcoin / Bitcoin Discussion / Re: Tatsuaki Okamoto = Satoshi Nakamoto? on: December 01, 2013, 03:29:31 AM
Interesting speculations.

Okay, since some people on here are in need of an Introduction to Japanese Names:

Japanese names are like Western names split into two parts. The last name usually comes first:
Nakamoto and then the given name: Satoshi

The most likely characters for this name are: 中本 智 But these are not the only possibilities. The reversed order would suggest that the person is not living in Japan. It is interesting that it is a combination with only three characters. Most Japanese names have four. The character for Satoshi is not a simple character, which would suggest a decent knowledge of Japanese or of course they just took the first name of the creator of pokemon Tongue. There are about 42500 people in Japan called Nakamoto. It is the 490th most common last name. It is very likely some of them are even called Satoshi.

Is there like a bounty for finding him ? (other than possibly blackmailing him if we wants to remain anonymous)
(I know it is most likely not one person, but maybe there was one central figure)
35  Bitcoin / Project Development / Re: Announcing MillionBitcentHomepage.com - Own a piece of Bitcoin history! on: November 30, 2013, 12:08:10 AM
Are there any guarantees in how long this website will stay up? It would be cool to know (for example at least 5 years).
It seems a little pricey, if the price of bitcoin goes up any further, it will become very very pricey.
36  Other / Beginners & Help / The middle road model (A bitcoin prediction) on: November 29, 2013, 09:29:07 AM
This is a long post, but please don’t leave any comments without reading the whole thing.

I have heard this repeated many times: bitcoin will either go to 0 or to a million.
While it is indeed true that there is always the chance of complete failure (if at a certain point everyone would like to get out) and there is a chance of a crazy growth (everyone would like to get in), what is more probable and more desirable would be a middle road model.

Let’s just for the sake of illustration we compare the growth of bitcoin to the growth of the jehova’s witnesses (could be any group, but they serve as a good example). The growth of bitcoin is mainly done by its advocates, who are spreading the word and through the media (bad advertising is also good advertising. Think of the Westboro Baptist church) The amount of members grows and at a very fast rate. At the same time, the interaction between members, which strengthens the belief, works to increase the amount of wealth of a certain person is put into the church system.

The same model (note that I’m not comparing bitcoin’s use or suggesting it is a religion) applies to bitcoin, It is mainly spread by its adopters, it is also spread by the media (even though the media usually warns about it). The amount of adopters is growing very fast and the amount of merchants accepting it and thus increasing the wealth put into the system is also going up.

The case could be made that bitcoin is going to be adopted widespread, but isn’t it a bit ambitious? Certainly when one of these religious organizations calculated exponential growth, they would hope to one day become one of the world religions. This is possible, but with bitcoin having only about 2 million adopters worldwide so far, it is still too early to say. (Jehova’s witnesses has about 7-8 million)

A more realistic model would be a model where bitcoin is a trusted asset that can be used worldwide at a decent number of shops and gives a feeling of community. This would mean that bitcoin isn’t for everyone, but it would certainly be anywhere. The key point of this is being tolerant. Instead of trying to aggressively force people into bitcoin, it would be more beneficial to practice tolerance. Trying to force bitcoin will only have it shunned by people dividing people in ‘for or against’ and basically that is not what anyone wants. People shouldn’t be forced or treated with disrespect when they don’t want or are not ready for bitcoin.

In a middle road future model, I see bitcoin rapidly adapting to about 10 million users and becoming used in all major cities, so that all the users of bitcoin can at least use them locally or on travel. The price should go to around 8-10k for  a coin and from there on the growth will not be exponential, but flat like growing a million a year and the price going up accordingly.

This is the middle road model. Am I the only one who is in between ‘to the moon’ and bitcoin are going to be worthless?

Please let me know your opinions.
37  Other / Beginners & Help / Re: Selling appartment for bitcoins on: November 29, 2013, 07:20:57 AM
Interesting idea. I would have to live a little closer to buy though Tongue
38  Bitcoin / Bitcoin Discussion / Re: Satoshi: The first anonymous USD Billionair on: November 28, 2013, 12:50:26 PM
I guess the 'famous' coins that everyone knows are only accessible by Satoshi will never be spent. Unless there is a serious problem and they would need to be spent.
It would be cool though if they were spread around the world in paper wallets of 50 or 25. They could be anywhere. This would be the perfect way to create mass confusion so no one would know if Satoshi spent the coins or a lucky finder. Of course the inflow of coins could reduce the price.
As stated before, Satoshi is not just one person, but the main person of the group could be considered Satoshi.
I have a new theory on who Satoshi is (not one of the usual suggestions and based on cryptology of the name and Japanese characters) but I am not sure I should post it open. I also don't have a way of contacting the person directly (only the company he owns) so that would make it awkward to ask. No matter whether I'm wrong or right, I would only trouble the person.
If I'm right the person comes from a wealthy family (at least his father is total elite) and that would mean that money was never an issue. It would also mean that he isn't that young anymore and it would make sense for him to leave everything to a younger generation.


39  Other / Politics & Society / Re: Will China go to war with Japan? on: November 27, 2013, 08:34:29 AM
What would China gain from that? War would mean factories closing down and food prices hiking like crazy. The whole system would be destabilized and the current Chinese elite would risk being lynched. Obviously they do not really want a war. It is a common populistic move to make the people scared and support their government.
Obviously, China would win in terms of manufacturing, but could they really hold their country together with all of these minority groups? I don't think so.
40  Bitcoin / Development & Technical Discussion / Re: MacOS X LevelDB Corruption Bounty (10.00 BTC + 200.2 LTC) on: November 27, 2013, 07:47:01 AM
I can only support the people trying to solve this problem, don't have the capacity to program a solution. (It seems that the recent attention for bitcoin is putting more and more pressure on the developers.

It seems as if the sleep mode or shutdown or internet connection break is interrupting the client while it is downloading blocks. Is this true or does the problem also occur when all blocks have been downloaded before shutting down and new blocks need to be added later?
In the first case, the problem could lie with an unfininished block that is considered finished or a block that is downloaded multiple times. (probably similar to what cfields stated)
If it also occurs after having been shut down with a complete download of blocks, then the problem is in how the complete blockchain or a finished block is ended and restarted.

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