Coming back to the video --- how is it possible that taxing gets harder if a currency is a bit deflationary?
Why shouldn't people get richer with the money they hold? Why is this bad thing anyway? If the government holds the very same deflationary currency then all taxes it ever gathered will also gain value, thus there is no reason to tax the additional wealth people get thanks to deflation.
We just have to remember that there are other taxes apart from income tax. In a deflationary scenario, even if the rich are getting richer, wealth taxes can make tax collection look simple. And of course, you could have inheritance tax so that after a few generations, there is nothing left in the hands of the original descendants. |
|
|
|
I plan to download a pirated ebook once this releases, just to see what is in it.  |
|
|
|
K soooo...... You get them for free, they cannot be Mined, and if you send 1000 someone will send you 2000?
Why would this be worth anything if everyone gets it for free?
"Theres a limited amount and you can trade it for stuff like btc or usd"
Frankly I don't agree, I see no reason why someone would trade something hard-earned for something given away for free
It seems to me like nothing more than a Pyramid Scheme
"SELLING 50K STELLARS"
"Nah, I've got 2mil, SELLING 2MIL STELLARS!"
"Nah I've got 3mil, "SELLING 3MIL!!"
Theres no value in it when you get it for free from a few mouse clicks
Seems like some people are willing to buy stellars. https://bitcointalk.org/index.php?topic=722649.0https://bitcointalk.org/index.php?topic=722496.0 |
|
|
|
Fucking noobs, why aren't they protesting the central bank itself? Oh wait, they don't know anything about the economy, like most protesters.
They just protest, and hope the 'appropriate' authorities take action.  |
|
|
|
There are more and more econmists that warns about possible collapse of dollar, and it looks like american economy doesnt have very bright future... also it seems like Russia with China and India, would be more than happy if dollar colapse, and it looks like they already strated doing some steps to help with it.
They have started taking steps to reduce dependence on the dollar. Looking at the amount of dollars they hold, it would be a disaster for them if the dollar collapses overnight. |
|
|
|
This is about Argentina defaulting on its bonds. Bonds are denominated in USD so they can't print pesos to get out of mess. Not comparable to Cyprus situation. Cypriots bought bitcoin because imposed bank holiday Stop thinking everything is good for bitcoin. LOL  If Argentinians could buy USD, they would. Depends on whether BTC is easier to lay hands on, or USD. In the end, it could be good for bitcoin. |
|
|
|
Can you describe what is the overall goal of it? Maybe your issue could be addressed by another approach
Looks like the OP's reasons were different, but an invoice could help satisfy the tax department about how much money you made through bitcoin trading. |
|
|
|
Essentially said "Uncle" will be rewarded when/if Bitcoin hits $1 trillion capitalization.
There's a realistic chance of it happening but no guarantee yet. It would be nice to see Dot.com styled money ($7 trillion in the late 1990s) but there's no signs of that happening yet.
Hard to say what's going to happen with crypto currencies. It's the uncomfortable truth but maybe the concept is good but the deliverance is bad. Don't forget that Ripple came before Bitcoin and went no where and still hasn't go anywhere (if you took away the 97% premine Ripple is worth very little). The myspace comparisons could be correct in that Bitcoin could be replaced by an unforeseen alternate which is better at advertising or is more accessible to use.
Yikes, people didn't lose money when myspace lost out to facebook. There will be a lot of people who will see their dreams dashed if some altcoin emerges as the bitcoin-killer. |
|
|
|
Byrne has long complained about investors using various loopholes in the financial markets to improperly boost profits at the expense of public companies and the overall economy—with Overstock even going so far as to sue some of the biggest names on Wall Streethttp://www.wired.com/2014/07/overstock-and-cryptocurrency/
|
|
|
|
Feel pity for him, and his book.
No wonder he portrayed bitcoin as a villain in his book :p
It might just turn out to be a best-seller. No correlation between content and number of copies sold. I am sure our Bollywood stars would agree.  |
|
|
|
The FDIC should prevent bank-runs. The reason the FDIC would run out of money would be because insurance premiums would not cover losses.
A bitcoin bank run would be instantaneous.  |
|
|
|
Aah... Thought so. Many people have misunderstood the leveraging bit. |
|
|
|
This is not true. The present value of cash today is higher then the present value of cash tomorrow. A dividend allows a shareholder to receive cash today while still owning the same percentage of the company. A share buyback allows a shareholder to give up future cash flow in exchange for cash today.
What you mean is the present value of 'x' units of cash today is higher than the present value of 'x' units of cash tomorrow. If you look at pure IRR, dividends and share buybacks are exactly the same. It is only taxes which make one form more efficient than the other. |
|
|
|
There are lot scams and frauds But, usually people know difference scams / not Currently Blockchain.info estimates USD transaction volume at $40M daily. Are there any statistic regarding total fraud in Bitcoin transactions?
there aren't any fraud statistic. but usually very small amount If you include losses due to hacking, a couple of large transactions can really skew the total amount.  You can find a list of major hacks and scams in the thread https://bitcointalk.org/index.php?topic=576337 (Last updated: June 27, 2014). There are at least 10 incidents of ≥10000 btc loss and at least 18 incidents of ≥1000 btc loss. That throws the 'small amount' argument out of the window. |
|
|
|
Actually its a terrible point for reasons I just finished explaining.
Say you hold $11 in stocks today.
Or you hold $10 in stocks + $1 in dividends.
The NPV of BOTH THESE ITEMS is the same, even though the $1 in stocks is in stocks not cash. Why? Because if the NPV of that $1 worth of stock wasn't $1, then it wouldn't trade for $1. Yes, the NpV of $1 today is worth more than $1 tomorrow, but the NPV of $1 today and $1 in stocks today IS the same (primarily because you could just liquidate the stock if you really wanted to.
Agree. A dividend is a way of 'forcing' a stockholder to convert a portion of his holding into cash. A buyback gives him the option of doing so, if he so desires. |
|
|
|
Incorrect.
If that were true we wouldn't have such an extreme increase in the money supply, national debt, and inflation. The way the Fed and banks in the US works is this:
Person A deposits 100. The bank then creates on book 900 to use for loans and credit=1000 Bam, money created out of thin air.
The banks do this for every deposit that is made, and new money is created "on book" for the additional 9/10s of the fractional reserve rule. This is what results in the highly compounding increase in the money supply. In reality, the actual physical money supply that exists couldn't even pay off the interest on the outstanding national debt.
From an accounting point of view, if they create 1000 loans for every 100 deposit, what is the liability corresponding to the loan of 1000 (which appears on the asset side)? |
|
|
|
This kind of arrangement is very risky, and is not guaranteed for Portugal. There are obviously limits as to how much the ECB will be willing to print in order to bail out a specific country. It should be noted that printing money will result in inflation that will affect countries that were not bailed out.
Sure it will result in inflation. But not printing money will result in quick collapse of the banking system, because failed banks' shares and bonds are other banks' assets, the entire banking system is interconnected. So it's either quick death or slow blood shed in the form of printing money and resulting inflation. The past history shows that in almost 100% of similar situations the slow blood shed was chosen, no reason to expect otherwise this time. There is a chance that other European countries will not take kindly to printing more Euros and the resulting inflation. |
|
|
|
|
The title should read ' Easiest way to lose bitcoins'
|
|
|
|
Faucets are too slow to be worth it.
Yes now they are going down very quickly because many peoples avoiding them some even not like to hear about them Yes, going down because there are better alternatives. Signature campaigns included. |
|
|
|
|
Show Posts
