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Any news on the portal for ukyo.loan?
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I am wondering if this would be a viable, legal strategy. Say you bought 100 coins at $10 per coin over a year ago, then sold 50 coins at $1000 each. You're capital gains for this year would $49,500.
But then, at 11:55 PM on new years eve, you but 30 coins at $800 each ($24,000), and then just a few minutes later in 2014, you sell them again for the same amount of cash.
Nothing offset 20 of the 50 coins you first sold, so that would be $20,000 profit.
The other 30, I would think you'd have realized $200 of long term gain on each one. So another $6,000.
$26,000 in long term captial gains for 2013,
30 x $800 = $24,000 in long term capital gains to start off 2014.
I wonder if there will be little spikes and crashes as different time zones approach midnight.
No, this would not work. Your capital gains for the year is $49,500. You don't take a loss when you buy coins, regardless of the price you buy them at. You only take a loss when you SELL coins at a price less than what you paid for them. I recommend you get an accountant. |
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about that strange charge on your credit card statement.
There are a lot of prepaid cards, some time anonymous. No traces on other billing history. how do you pre-pay for the card? |
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why bitcoins should work for porn.
1. bitcoin was designed to prevent companies just taking out cash from your account without request, simply because you forget. and any porn company relying on this form of theft should not be in business as its not good customer service.
2. instead of paying a monthly fee of a few dollars for unlimited access. bitcoins allows small transaction. it has been proven that a pay per view of EG $x per show earns more from regular customers then a $xx a month flat fee.
3.affiliates can get paid within 10 minutes and know that there will be no chargebacks to worry about. nor can affiliates abuse the payment system as they cannot simply abuse/grab money from other peoples accounts to make their ratings/commission look good. meaning porn sites do not need the expense of high security payment processors
4. if you are using a porn site that requires credit card details and has the scammy re-bill system then you truly would be that naive to think bitcoin is not better for both customer or business
Don't forget the BIGGEST reason! Bitcoin is (mostly) anonymous! This way you can pay for porn and not have your wife ask you about that strange charge on your credit card statement. This is a huge one for people who want to be discrete. |
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Well
Just to point out they have a January 15th refund date that is set in the sales contract. If you do not request by then it says you forfeit your right basically.
Just don't want anyone to miss that wording, I have not seen it mentioned yet.
That clause isn't even the slightest bit legal. I wouldn't worry about it. If they don't deliver, you can get your money back, at any point. |
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The only safe way to don't pay taxes from your Bitcoins is to sell them for cash ("from one hands to another ones").
Until you use that cash to buy a Lamborghini and then the IRS asks "Where did all the cash come from?" *Facepalm* I could see your point with buying a car. But you could use the cash for things like food, clothes, and you should be fine. What if you have a lot of bitcoins? Then you are in trouble. |
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I am working on the new portal for that and for AM claims currently.
Does that mean you're able to pay back the loan? Or will it also be 6% first? It's going to be a small amount at first, I'm sure. I'm hoping we'll at least get the ~6% the bitfunder people got. I hope this goes live tomorrow or friday. |
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this is a childish topic .. get back to real world people
exactly, why would do they do this? to piss off a bunch of nerds in the us and china? |
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Hashfast are angels compared to them.
Losing 85% of your BTC investment is being an angel? Who lost 85% or even 50%+ with Avalon? I lost almost 50% with Avalon in terms of BTC. We won't lose 85% from Hashfast once you take MPP into account. |
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...
There is nothing inherently wrong with the preorder model...
As far as miners are concerned, almost everything is wrong with the pre-order model. It encourages operations like HashFast, players who enter the manufacturing field risking none of their own money. If their gamble pays off, they become rich. If it doesn't and the company fails, the actors have lost nothing, while profiting from the money they have paid themselves and their friends in salaries. The problem is that no one has stepped up and sued one of these companies for fraud. Both BFL and Avalon should be out of business by now but they know their customers are lazy. |
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Don't make the mistake of making equivalence between Avalon and any other supplier. What Yifu and Ngzhang did was far worse than what any one else has done in this space by a very long distance.
Orly? What Yifu did is by order of magnitude more honest than what ScamFast did, and this comes from a both Avalon and HF victim. Eventually we all got full BTC amount back from Yifu, his greatest sin is destroying the dream of small miners to ever get in the fair mining game with the big boys. ScamFast deliberately lied with the intention to keep most of the BTC and never refund them in full to customers. Avalon is greed and incompetence, HF is pure scam, how can Avalon be worse? Actually wait Avalon does was waaaay worse. They held onto batch 2 orders for 2-3 months while THEY MINED WITH THEM. So not only did they delay shipment if their miners, they actually STOLE money from their customers. I personally lost 60 bitcoins on my batch 2 order because of them. So yeah, Yifu is scum of the earth, almost as bad at the retards from BFL. Hashfast are angels compared to them. |
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BTC is not going to be worth 1 million a coin in 2 years. That is where you are wrong so the rest of your argument makes no sense.
oh, also, and if it were, the block reward would no longer be 25 BTC. It would be 12.5 BTC. Why? Well, a 2,000 fold increase in the price of bitcoin would cause a huge demand in mining. You agree since you believe people would spend 3.6 billion per day mining. Right now many ASICs can achieve 1 GH/s per watt of power. Let's assume ASICs don't get more efficient (they will) and assume an average electricity of $0.15 kwh. 3.6 billion dollars a day in electricity is enough for 1 TRILLION watts of power. or a total network hashrate of 1 x 10^12 * 1 x 10^9 = 10^21 or 1 zettahash/s worldwide hash rate. The current world hashrate is roughly 10 petahashes (1 x 10^16). That means the world hashrate would have to increase by 10^21/10^16 = 10^5 = 100,000 times. This would make the difficulty be around 100 trillion. This would mean the world hashrate would have to double roughly 17 times. The hashrate would have to increase at such a ridiculously high rate that we would got through blocks so quickly that we would hit the next block having date in far less than two years from now. Thus the block reward would only be 12.5 BTC. I'm too lazy to actually calculate how long it would take to hit the next halving. I'll let someone else do it. |
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BTC is not going to be worth 1 million a coin in 2 years. That is where you are wrong so the rest of your argument makes no sense.
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Do you even know what a 51% attack is? Do you know what can be done using it? Do you know what would happen if a pool tried to do it?
Let's do a mind experiment. Assume BTC guild, right now, has 60% of all the hashing power. Now explain to me exactly what they would do in order to pull off a "51% attack", exactly what they would accomplish by doing it and most importantly exactly why they would do it.
A 51% Attack doesn't have to be intentional, does it? If any pool had 60% of the hashing power, an attack would be forthcoming. The pool doesn't have to try to do it, it will, which is why the pools cap themselves. Blocks other miners solve would be orphaned left and right... The longest chain always win the conflict, right? That isn't to say it was done intentionally or with malice. But whoever has the upper hand would benefit from the block rewards and transactions fees of those resolved 'conflicts.' On the other hand, if a pool wanted to orchestrate an attack... well, I guess that's another topic. No, that's not how it works. There is no problem with a pool having more than 50% of the hash power as long as they don't abuse that power. |
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barter...tax?
ha ha
hahahaHAHAHAHAHAHAHAHAHAHAHA
lul...ahhh
you guys kill me
We are talking about what is LEGAL, not what you can get away with. This is the legal forum, anyways. It's one thing to claim that taxes on bitcoin aren't easily enforceable. It's another thing to say they aren't owed at all. If you want to talk about your tricks for tax evasion, start your own thread. |
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bitcoin does not exist on the material plane and is subject to no human authority
you can not tax an idea
nation states have no jurisdiction in realms of the mind, and I declare war on any who would claim such
Tell that to the IRS, lol. Have fun in jail. |
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I am posting this here so users do not have to search threads for an update. A portal for shares is being setup for claiming shares where users can put in redemption requests. I stopped
depositing interest payouts through BitFunder due to the problems with WeExchange. All interest owed will be
paid out and redemption requests will be honored as soon as it is possible.
This is great news! Any idea when this portal will be available? |
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Here is something that I've been thinking about...
The BabyJet was supposed to do 400GH/s at 300W.
It looks like it is going to be doing 500+GH/s at maybe 600W.
The MPP is supposed to give you double the hash power to break up even up to 2 TH/s. The details of the calculation aren't important, the amount is going to be the max the MPP will give definitely since they are so late.
Anyways, one would expect an extra 1600 GH/s or 4 more golden nonce chips.
But I bet HashFast is going to say that 1 BJ is 500GH/s so we will get 3 more golden nonce chips at 500 GH/s each.
In my opinion, that is wrong wrong wrong though because each golden nonce looks like it will draw 600W, about twice the power they promised.
So they are in fact overclocking each GN. They should dial down the power to 300W and then measure the hashrate and give use the MPP chips based on what that hashrate is.
They said themselves that they wouldn't assume we were over/under clocking when calculating the number of chips to give out for the MPP. But, in effect, by delivering the BJs at 600W power consumption they are delivering them "overclocked" already.
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Happened to me too, I sold 150 coins at 550 because I was late reacting to the China news. I wanted to sell at $700+ but I was slow getting my coins to the exchange.
Now I should have bought back in yesterday for a small profit but I waited and ended up buying back not long ago at just under $700. Almost a 22 cost loss.
I don't feel too horrible because last time I tried day trading I made 13 couns and 6 coins the time before that. I'm just about even now.
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