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221  Other / Off-topic / Re: Post your Total time logged into Bitcointalk on: August 18, 2014, 11:57:52 PM
Total time logged in: 2 days, 14 minutes.

It's  just the beginning Smiley
222  Economy / Services / Re: [PrimeDice] [Highest Paid Signature] Earn Bitcoins Simply By Posting on: August 18, 2014, 11:36:23 PM
I would like to partecipate
I went on the form selected Enrolling
Filled the form
Then I got page about requesting payment
I leaved it blank and I submitted the form

Have I done everything well?
223  Bitcoin / Bitcoin Discussion / Re: How many backup copies have you for the wallet ? on: August 17, 2014, 09:41:04 PM
Can a USB fail?

No if you don't use it.
Yes ... but always because of the software that it restore.  Grin
It can fail mechanicaly by too big moisture, by bad manipulation or by short circuit quite easily, you should rather go for more expensive and known brands.
It is generally best to keep multiple copies of your backup in various storage formats, eg, paper wallets, USB drive, flash drive (from different manufacturers). This would lessen the chances that you would have no access to your keys.
224  Bitcoin / Bitcoin Discussion / Re: Bitcoin Comes To Business Schools on: August 17, 2014, 09:38:55 PM
Nice. I'm currently working on bringing it to my highschool via economics.

+1.
Bringing it into economics would be great and at high school would be too great. I hope it will be done. Choosing a thing when the edu is at early stage would be great for them. They can find a new way for earning money for his livelihood. He might find a job too. BTW I am really happy on hearing the news and thanks for sharing.
Kindly,
       MZ
I am not sure that high school economics is an appropriate place to be teaching about the economics of bitcoin. In order to really understand the impact that bitcoin has on the economy you would generally first need to understand various economics theories, ways that central banks control the value of fiat currencies and the effects of having different kinds of fiat currencies. These topics are usually not taught until at least the 2nd college level of an economics class. 

Patronising children is precisely why so many of them grow up thinking they're stupid.
If you do not have the information gained from prerequisites then you will likely not understand the subject that is being taught. 
225  Bitcoin / Bitcoin Discussion / Re: Australians Embrace Bitcoin For Household Bill Payments on: August 17, 2014, 09:36:58 PM
$150,000 really isn't that much at all, especially for rent.  It could have been just a small handful of people that utilized this.  But this number will grow I'm sure.
I would imagine that most of the bills that were paid were for smaller bills like cell phone bills and tv bills as opposed to rent or other large expenses. Although the initial amount is very small when compared to the overall austrailian economy it is significant as it shows that people are using bitcoin for trade. 
226  Bitcoin / Bitcoin Discussion / Re: Yet another bitcoin website dies a preventable death on: August 17, 2014, 09:34:23 PM
Satoshi gives us trust-less money that does not require banking. Then a million people take their bitcoin to the first thing that looks like a bank.  Huh
This is something that I very much don't understand. One of the benefits of bitcoin is that you do not need to trust others to "hold" and keep safe your bitcoin as you can easily do this yourself. There is no third party necessary to trust your money with, but your money is secured by the network. Despite this there are so many people that entrust their hard earned money to others.
227  Bitcoin / Bitcoin Discussion / Re: "Schrodinger's cat" with bitcoins on: August 12, 2014, 04:09:52 AM
I think what the OP may have been implying (and I may be reading too much into it) is that you could potentially try to "write off" the value of your coins if you had sent your bitcoin to a "void" wallet. If you gave the "wallet service" something of value (your bitcoin) and received nothing in return (the "void" wallet) then by this measure you would have a capital loss.

In this case, you'd still have a "capital gain" based on the value of the bitcoins at the time that you sent them to the "wallet service".  The bitcoins (the capital you were holding) would have gained in value.  Unfortunately, you would have made a donation to the website, and there is a limit to how much you can "write off" in charitable donations.
Didn't you say that your "sales price" is the fair market value of the good/service that you are exchanging your bitcoin for? I don't think it would be considered to be a charitable donation unless the wallet service was actually a legit charity.

I would argue that you would be able to write off the entire amount as a capital loss. Also, if I understand the tax code regarding donating assets correctly (I probably don't) you do not need to pay capital gains on an appreciated asset if you donate the asset directly to charity and you can claim the entire value as a donation. The example that I am familiar with is you buy 100 shares of XYZ for $10 per share, then four years later, XYZ is trading at $40 per share. You want to donate $4,000 to your church but also want to minimize your tax bill. You also no longer think that you no longer want to own stock in XYZ. You donate the 100 shares to your church directly and can deduct the entire $4,000 donation (subject to other, unrelated limits) and do not need to pay capital gains on the $3,000 that the stock appreciated by.

http://www.programforgiving.org/charitable/pages/donatingAppreciatedAssets.jsp

http://www.fool.com/FoolCharityFund/Donating_Stock.htm
228  Bitcoin / Bitcoin Discussion / Re: Bitcoin can be use by future Mars Inhabitants? on: August 12, 2014, 02:14:32 AM
Some day in the future we will have human settlements in Mars can they use bitcoin?

The short answer would be, "Yes." The long answer is that there are already some cryptocurrency users who have thought of this, including the Marscoin Foundation. Interplanetary traders are probably going to insist on taking cryptocurrencies as payment for the sake of convenience and complete lack of patience with Earth-bound banks who want a slice of the pie that they haven't earned. It wouldn't be a long shot to say that those interplanetary traders could be backed by economic strategists who have gotten sick of Earth's insistence on using systems that were outdated before we ever had permanent settlements on Mars.
I don't think this would actually work very well. It can take several minutes for radio waves to travel from earth to Mars and during this time it would be possible that coins could be double spent. If we were to ever colonize on another planet I don't think that interplant commerce would really be possible due to the costs associated with traveling between earth and any other planet. 
229  Other / Politics & Society / Re: U.S. Aircraft Strike ISIS Targets in Iraq on: August 12, 2014, 01:55:13 AM
1.) President Obama absolutely should not have bombed ISIS when they entered Iraq. That would have only made them stronger in the long run on an ideological level where they are currently, the weakest. A ground expansion can be afforded, and contained, ideological spread is much harder to reign in.
He should have had US forces intervene when the ISIS started to be more then a small nuisance. It was several weeks that the ISIS was fighting until they started making serious headway in taking over most of Iraq. From the time they took over a few cities to the time they took over most of the country was a very short amount of time as the Iraqi military was ill prepared.
230  Other / Politics & Society / Re: 'Become Muslims by noon today... or we kill all of you' on: August 12, 2014, 01:52:03 AM
Just what we needed, an Iraqi Taliban. Saddam was a horrible person that did horrific things but he was better than this group.

This is worst than Taliban as this group are way more brutal, When Al Qaeda them selfs says these guys are crazy then you know something is wrong.
For me the question would is how to fix things, and air strikes definitely not the solution in the long terms and can possibly have the opposite effect.

Air strikes are necessary as a short term solution to stop the massacre made by ISIS, but a long term plan should involve Iraqis authorities (and neighboring countries) that should be strengthened and current authorities are bad as they prosecute a part of the population which one reason reason why ISIS is expanding.

Education and promoting tolerant Islam in Mosques for example, and doing the same for other religions and minorities as tolerance is the key here, but this one will be hard, as Iranians and Saudi Arabia among others Geopolitical reasons collides

Helping Iraq rebuilding it institutions once their political system is balanced.
 

When we went into Iraq we had no understanding of the tribal and sect situation and the aftermath showed in in a very glaring way. Perhaps a republic type of system with representation from all areas would have worked better than the current system of one sect or another being the ruling party.

For the current situation there is no real clear solution. We can drop bombs or send in drones etc. but American power being brought to bear in that country tends to send ordinary people in the other direction. 
I would predict that there will be some kind of civil war in Iraq for a long time. The US and the rest of the world may intervene if things get too out of hand but I don't think there will be peace there for at least a decade. I do think it is very sad that individual sects of Islam are not more willing to be accepting of other's religion.
231  Other / Politics & Society / Re: 17000 sign up to lawsuit against Facebook for supporting NSA spying on: August 12, 2014, 01:48:52 AM
Just stop using Facebook. Lips sealed
The solution is not that easy. Even if you do not use facebook, facebook keeps track of you using the 'like' buttons on other sites. There are many of those 'like' or 'share' buttons all over the web. You have to block the entire domains they own to prevent them spying on you.
I think this is illegal actually: as you didn't register or accept facebook terms of service they also track you.
Someone can logout of facebook and clear their cookies. This would make it so they would have no real way of tracking you since facebook uses your account to track you.
232  Other / Archival / Re: Updated Overview of Bitcointalk Signature-Ad Campaigns on: August 12, 2014, 01:39:59 AM
OP how about adding something like "campaign of the month"? Or even better "campaign of the week".
And maybe a count of how many times a campaign have won the "campaign of the week" title.

I think it would save everyone some time and it would be an extra incentive for companies to be generous and consistent.

I think this would be very difficult to measure. With a very few exceptions, most campaigns only last a few months at the most, and when a campaign ends there is a good chance that all members would not get paid the full amount they are owed. I think that having a "campaign of the..." would be an endorsement of the campaign when the OP really does not know how trustworthy a campaign is. IMO the setup the OP has now is best as it gives users the most relevant information about each campaign so users can make an informed choice.
233  Bitcoin / Bitcoin Discussion / Re: Custom Porn and Bitcoin Story on: August 12, 2014, 01:23:37 AM
If they are happy doing what they do then more power to them.  Looks like they are off to a good start and getting customers so another potential success story.  Interesting story going from a seemingly "normal" 9-5 type job to the porn industry and as a couple.  Sure it's not the first time but hey it still a bold move IMO. 
I think the mail problem with what they are doing is that they will not be able to do it forever. As they get older they will be less desirable for their clientele and will likely get hired less frequently and get paid less for each "job" (no pun intended). They would likely need to eventually return to some kind of "day job" but it will be harder to do so after being in the industry that they are in.
234  Bitcoin / Bitcoin Discussion / Re: "Schrodinger's cat" with bitcoins on: August 12, 2014, 01:21:01 AM
The IRS does not require you to declare possession of bitcoins, they require you to declare income from bitcoins.

They don't tax possession of bitcoins, they tax income from bitcoins.
So if I buy something directly for Bitcoins in a shop like overstock, i dont need to pay any taxes and what not?

In the U.S. according to the IRS you do.

There are 2 types of tax you'll pay when you purchase something with bitcoins.

You'll be required to pay a sales tax (or use tax) to the local government (typically to the state) based on the fair market value of the item that you've purchased (typically the retail price). This is not mandated by the IRS, but rather by each individual local government.  There is potential for a city sales tax, a county sales tax, a state sales tax, etc.

According to the IRS, when you purchase something with bitcoins, you are receiving barter income. As such you need to pay tax on the capital gains that you experienced between the price you paid to acquire the bitcoins and the value of the products that you received in exchange for the bitcoins.  This is not a tax for possessing bitcoins, it is a tax for receiving an income (an item or service of value) in exchange for the bitcoins when you transfer them to someone else.
I think what the OP may have been implying (and I may be reading too much into it) is that you could potentially try to "write off" the value of your coins if you had sent your bitcoin to a "void" wallet. If you gave the "wallet service" something of value (your bitcoin) and received nothing in return (the "void" wallet) then by this measure you would have a capital loss.

I think this concept/idea is not a very good one as the reason you pay taxes is because you have earned something and the tax makes it so you have earned a little bit less, but you still have a net benefit.
235  Bitcoin / Bitcoin Discussion / Re: Why don't people under ISIS rule buy bitcoin? on: August 12, 2014, 12:48:24 AM
Why don't people under ISIS rule buy bitcoin?
Because they're running for their lives?
It really isn't so much that the Christians living in parts of Iraq don't have any money, or the money they do have is subject to inflation/confiscation it is that the ISIS is killing them. Bitcoin would not solve this problem. Contrary to what many people on here think, bitcoin is not the answer to all of the world's problems.
236  Bitcoin / Bitcoin Discussion / Re: Has the NSA already broken bitcoin? on: August 12, 2014, 12:44:21 AM
I would seriously doubt that there are unknown "holes" in Bitcoin. Both nefarious actors and the Bitcoin devs are constantly looking for potential holes in the protocol to either exploit or fix. If the "NSA" were to "hack" Bitcoin then a specific person would have to had done it, and if this was the case the person would have a huge incentive to exploit it for personal gain.

The NSA does a lot which can provide great personal gain for any of the individuals working for them. The trick is to keep the workers happy.
This would be very unethical for any entity to do. Companies do give some level of fringe benefits like free goods/services of what the entity produces but something like this would be crossing the line. This would be an abuse of power.
237  Bitcoin / Bitcoin Discussion / Re: Living off of Bitcoins on: August 12, 2014, 12:17:19 AM
This summer has been great i literally have been living off of BTC. I'm a program coordinator i work for public schools so we dont work ini the summer. I was able to buy food buy clothes and just today get limited liability insurance without working this summer lol. Course i had to trade them for usd but i cant wait for the day where we pay everything with BTC. I never would've thought in a million years lol
There was a story about a reporter from Forbes that tried this last year (she did a follow up by doing it again this summer). IIRC she had a much easier time this year, but still had to convert a lot of her BTC to fiat by paying people BTC in exchange for paying her share of things (like transportation, meals, ect). She also used gyft pretty heavily. I would be interested to see a story about someone who is able to buy everything with bitcoin over some amount of time and not have to do things like the above.
238  Economy / Service Announcements / Re: Bitcoin ATM profitability / ROI calculator on: August 12, 2014, 12:08:30 AM
Should balance the transaction fees and cost! Otherwise people is unwilling to use your machine if charge high fee or you make a loss if you charge less.

fee's or discounts are irrelevant with bitcoin.

for instance i can find the most expensive exchange and tell people that is the valuation for them to buy bitcoins. and they would see that as  fair value as that is the exchanges price (not showing fee on top).. yet actually exchange on a cheaper one. where i keep the difference in the middle.

its a known standard that bitcoin prices are VARIABLE between different exchanges AND VOLATILE between each hour so a 5% difference is acceptable. infact as i said in last paragraph. the customer doesnt even really need to be told what the fee was, especialy when having the convenience of cold hard bank notes<->bitcoin.
I think this is the main reason why BTC ATM operators are able to charge such a high markup on the BTC they sell and buy BTC at such a large discount. People (especially in the US and Europe) very much value connivence and are willing to pay a very high price for it. In almost every industry there is some kind of market that lets consumers somehow cut in line or otherwise not have to wait their turn. 
239  Other / Beginners & Help / Re: Does anyone get 1 BTC every day? on: August 12, 2014, 12:04:51 AM
The dice and gambling sites are making that kind of money, the established sites are definitely making that kind of BTC. It's the only way they can pay for their ad campaigns and make it worthwhile. They're not going to pay BTC5-10 monthly to advertisers if it's a significant portion of their revenue.

I guess most of the people that make 1 BTC every day around here are scammers. Miners really need some seriously big mining rig in order to make that kind of money. I believe it's only possible in Chinese warehouses on the countryside. You cant do that with your home mining rig in the US or rest of the western world!
I really am surprised as to how much volume gambling sites get, in terms both of traffic and money. According to PD3, their members have wagered over 400k BTC since they opened PD3 just yesterday. Assuming that is accurate and that they have been open for 36 hours, that means that people, on average wagered 11k BTC per hour.
240  Other / Meta / Re: How many astroturfers are here? on: August 12, 2014, 12:01:52 AM
Although, they could just be curious bitcoiners genuinely wondering if the NSA created bitcoin.
I can almost guarantee that the NSA conspiracy theory threads are due to the fact that the "Alex" guy recently somewhat "endorsed" bitcoin. He seems kind of like a nutjob and these kind of theories sound like the kind of thing that he would say. It would be possible that some of his followers had purchased accounts to post these kind of theories, or people could have watched some of his youtube videos and believed the kind of things that he was saying. Regardless of what exactly is happening, it would say it is defiantly related. 
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