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2501  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 03, 2017, 12:47:32 PM
I wonder about that: What kinds of jobs in blockchain are there these days? Other than launching one's own coin....
2502  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 03, 2017, 12:33:05 PM
Ah wake up, ATHs on Bitcoin and possibly Litecoin. It's a good morning.

Wonder what will happen today.
2503  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 02, 2017, 08:19:06 PM
I'm not certain he will even make it to the deadline. He's 72 years old and all those drugs must have been taking a toll on his body. Perhaps he has an iron constitution.

The weird thing is he was clean as a whistle from about 1980 up until his unusual phase began. I wonder what tipped him over the edge again.
Psychoactive drugs is my guess. John was always a bit weird.

As for treats, nothing much, it's end of year and I'd like to minimize the tax disasters. That said I'd probably just spend it on something stupid.
2504  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 02, 2017, 06:25:27 PM
Yeah it's pretty quiet. Yawn.....
2505  Bitcoin / Mining support / Re: Antminer S9 - Latest November batch need to be HEATED before they work !!!!!! on: December 01, 2017, 10:54:45 PM
As noted elsewhere this was common on the R4 boards. Looks like Ant screwed that up on whole shipments.

I wonder if a flux and reflow would fix it.
2506  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 01, 2017, 10:49:23 PM
In the meantime bitconnect gives us really that dotcom crappy bubble feeling by scrapping the bottom with these videos...
https://youtu.be/gKezlAUtHlA
I need to bleach my eyes now to unsee it Sad
To quote Krusty the Clown:

"What the hell was that?Huh"
2507  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 01, 2017, 10:47:35 PM


Bye bye default world

Congrats. I just passed up a promotion because I really don't give a fuck right now. :-)
2508  Bitcoin / Mining support / Re: New S9 won't power back on. Really dead panel or board already? or cold temp? on: December 01, 2017, 10:36:36 PM
You seriously have got to be fucking me. Then again this is so far beyond outside left field it might be true....
2509  Bitcoin / Mining support / Re: Question on Mining with Avalon 6 miners - AUC & cord on: December 01, 2017, 10:10:32 PM
Yes, there are a couple of postings in the forum on how to do this. Basically you attach sda and scl to the appropriate pins on the Pi, ensure ground is attached, then fire up cgminer with some sort of option to find the Avalon and go.

If people really need help I can find it, but search should be your friend on this one.
2510  Bitcoin / Mining support / Re: New S9 won't power back on. Really dead panel or board already? or cold temp? on: December 01, 2017, 12:06:48 PM
Tell me you didn't really put it in the microwave....
2511  Bitcoin / Mining support / Re: New S9 won't power back on. Really dead panel or board already? or cold temp? on: December 01, 2017, 04:53:01 AM
Warm it up. There's something odd about R4's and A9's where cold shuts them down, probably opens a circuit.
2512  Bitcoin / Mining support / Re: Prospero x3 Power supply repair/replace on: December 01, 2017, 04:48:26 AM
As fuzzy said, server supply, easy to buy new or used on Ebay. Or you could cut the wires and rig up any 12v/5v supply out there of sufficient size.

2513  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 01, 2017, 04:43:24 AM
No, you make sure you pay all of your realized gains on the way out. That's not a big deal, Just write them a check on the day you leave with the final balance at whatever the LTCG is.

Then off you go.
2514  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 01, 2017, 04:22:20 AM
Note: I'm still thinking about the stupid BCH airdrop. Is that a taxable event when you claim it, or can you add the value to the basis value of the bitcoin you convert it into then pay the taxes when you cash the bitcoin for fiat or other valuable prizes?

You canīt leave it alone, can you. Smiley
 You all are tax-obsessed. Till now i have Denmark and Amsterdam, but thats all to cold. I prefer to live in a jurisdiction, for now, where they are to lazy to ask me for taxes. Iīm complaining all the time about this and that, but thats a big plus here.
Fair enough. Remember my whole goal here was to start a business that provided a service, took only bitcoins in payment (ok, I do LTC too) and actually ran as a legit business that would pay all taxes and enjoy the fruits of my labors without ever having to buy a bitcoin.

So yeah, I'm trying to figure all of this out best I can. Give it a few years and I may move to a different country, in which case I will have to pay my hostage fee to the US Govt to leave, much like anyone else would.

We'll see how it works out.
2515  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 01, 2017, 01:10:28 AM
Maybe but it's still a really good site. Maybe we can throw money at them to fix it up.
2516  Bitcoin / Mining support / Re: Prospero x3 Power supply repair/replace on: December 01, 2017, 12:51:57 AM
Boy that is weird. Got a pic of the power supply?
2517  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 01, 2017, 12:47:45 AM
Note: I'm still thinking about the stupid BCH airdrop. Is that a taxable event when you claim it, or can you add the value to the basis value of the bitcoin you convert it into then pay the taxes when you cash the bitcoin for fiat or other valuable prizes?
hide it
Impossible. The simplest review will show your account had coins in it before the split, and a simple check of the BCH chain will show where those coins went. If you're in control of those coins, well where did they go?

Remember, it's not waterboarding if you use diesel.
2518  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 01, 2017, 12:39:07 AM
Note: I'm still thinking about the stupid BCH airdrop. Is that a taxable event when you claim it, or can you add the value to the basis value of the bitcoin you convert it into then pay the taxes when you cash the bitcoin for fiat or other valuable prizes?
2519  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 01, 2017, 12:32:06 AM
Yeah it's like nothing happened. Boring bitcoin.

Regarding taxes: If it's a taxable event every time a bitcoin moves from one wallet address to another then we're all screwed. I doubt it as that would be similar to saying moving a gold coin from my vault to the bank vault is a taxable event. I run under the following guidelines:

1) If I mine a bitcoin I owe taxes (income) on the value of that bitcoin at the moment it is mined/transferred to my wallet. That is income, gets reported, and that value is the base value of the coin for C&G profit and loss.

2) If I receive a coin as payment, I owe taxes (income) on the value of that transaction at the moment it is done. There is a little wiggle room if I quote a bitcoin price and it changes slightly between quote and payment but I use that as the base value.

3) If I use shapeshift to move between bitcoin and litecoin (I use Litecoin for AR and Bitcoin for AP) I do not mark it as a taxable event however I do have to recompute the basis value of the resulting bitcoin based on the profit or loss of the litecoin to the bitcoin (for example if I get litecoin at 50 and transfer it to bitcoin at 100% then that bitcoin has to include the imputed profit I made from the litecoin when I go to sell that bitcoin. That amps up the CG taxes quite a bit as it's STCG).

Note: If I used an exchange that transferred the coin to money first then that would be a taxable event IMO. With SS there is never fiat being created or destroyed.

4) If I sell bitcoin for cash or trade for (miners, parts, overstock towels, etc) I have to pay the capital gain or loss at the time I make the sale based on the LIFO accounting/accrual method. Even if it goes into buying stuff for the company, I need to keep an eye on that accrual. This is why I sell the newest coins first, to keep this paperwork to a sane level.

It's probably not perfect but it is the best faith solution I can come up with. So far the IRS response has been "Man, you're paying taxes on this stuff? Good for you!"

Do the best you can with what you have.
2520  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 30, 2017, 08:58:03 PM
Hardly. Just pay taxes.
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