I wouldn't risk to make such a large transaction with cash. For that kind f money, some people could try to set up a fake wallet...
how would a fake wallet work then assuming the deal is done in person at a police station or in a bank etc to negate the risk of robbery by either party ? When you have a briefcase full of cash, a police station is the last place you want to go. There's a 100% probability your money would be seized. Even a bank isn't safe. In most countries nowadays, banks aren't comfortable handling large sums of cash. Only Switzerland remains safe. maybe they do that where you live but in my country you are free to bring bundles of cash into a bank ,use the automatic counting machines and then give it to someone else etc and the police dont steal your money unless you have done something wrong and they can prove that  What I describe is the actual situation in the US, the UK, France, Italy... In several European Union countries, it's illegal to carry more than €10,000... sadly, that's the world we're living in. Most often, you see panels warning you about it at the airport. If you have more than €10,000 in your pocket, they must be declared upon arrival, meaning that if you get caught with a lot of "undeclared" cash, you'll be f*cked. if it wasnt prevented wouldnt it lead to sending money nonstop from one country to the other to get rich fast? What do you mean? Moving money from one country to another does not make anyone rich. i mean buying currency in one country and then selling it for higher price in another wouldnt it be possible then to get some money? Difficult. It's certainly possible to go to China with US dollars, to sell them above market rate, but you'll get Chinese Yuans which nobody wants outside China. So you may want to exchange that Chinese cash for BTC before you leave, but that doesn't easy. It's probably worth trying, though I wouldn't do it myself. |
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Who cares about off-blockchain transactions?
If you don't live any BTC on any exchange, that's a non issue.
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Taxes is how the government does everything, the government system wouldn't surivve without taxes.
This is precisely, why so many people don't want to pay tax any longer. BTC isn't enough to achieve that goal, but it can certainly help. But people don't understand that EVERYTHING they do is covered by taxes. Drive a car to the store and buy fuel, that fuel is brought to you by the government. Drive on the road, that'2s covered by taxes. I suggest you travel around the world. There are countries without any kind of income tax, and they have roads and gas stations. From my experience, the best countries in the world, with the best equipment and the nicest people, are the countries with the lowest taxes. Who said BTC has been designed with tax evasion in mind? Those who are successful in this game do not need BTC, even if it makes many things easier, but regular folks with 9to5 jobs will pay tax forever, and BTC won't change anything for them.
BTC makes it easier to start an undocumented, unregistered business, but few businesses and even fewer people can take advantage of that.
So the rich dont have to pay taxes! is tax only for the middle class and poor No, not the rich in a general sense. It's the adventurous don't have to pay tax. |
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This would not be appropriate, since bitcoin is unique whereas the blockchain is not.
Several companies are looking into creating their own blockchains for their employees, just like many have intranets.
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How come there's an error on the cover; "finacial" instead of "financial"?
Don't they have proofreaders?
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There is a future in BTC because I, for one, will start a new business around it this Spring, and I'm not the only one making projects. There are dozens of start-ups working on BTC right now.
Excellent. With more and more start-ups appearing every day, it's obvious that Bitcoin is getting bigger and bigger. May I ask what your business will be about? Or do you prefer to not announce details until the actually launch. Either way, good luck and godspeed, sir, in your endeavours! Thanks for your encouragement, but as you've thought, since we're not looking for partners at this time, I don't want to reveal anything. |
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You may wear a T-shirt with "I love bitcoin" printed on it, and go out a lot in trendy places.
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Really! It's already hard to do most things with BTC in the US or anywhere in Europe, so I wonder what you could do with BTC in Syria or Irak where IS is.
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I wouldn't risk to make such a large transaction with cash. For that kind f money, some people could try to set up a fake wallet...
how would a fake wallet work then assuming the deal is done in person at a police station or in a bank etc to negate the risk of robbery by either party ? When you have a briefcase full of cash, a police station is the last place you want to go. There's a 100% probability your money would be seized. Even a bank isn't safe. In most countries nowadays, banks aren't comfortable handling large sums of cash. Only Switzerland remains safe. maybe they do that where you live but in my country you are free to bring bundles of cash into a bank ,use the automatic counting machines and then give it to someone else etc and the police dont steal your money unless you have done something wrong and they can prove that What I describe is the actual situation in the US, the UK, France, Italy... In several European Union countries, it's illegal to carry more than €10,000... sadly, that's the world we're living in. Most often, you see panels warning you about it at the airport. If you have more than €10,000 in your pocket, they must be declared upon arrival, meaning that if you get caught with a lot of "undeclared" cash, you'll be f*cked. if it wasnt prevented wouldnt it lead to sending money nonstop from one country to the other to get rich fast? What do you mean? Moving money from one country to another does not make anyone rich. |
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There is a future in BTC because I, for one, will start a new business around it this Spring, and I'm not the only one making projects. There are dozens of start-ups working on BTC right now.
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This article is lousy, it mixes everything. It talks about billions of pounds, then solariums, nail bars and massage parlours, which definitely do not handle such large sums.
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Taxes is how the government does everything, the government system wouldn't surivve without taxes.
This is precisely, why so many people don't want to pay tax any longer. BTC isn't enough to achieve that goal, but it can certainly help. |
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Who said BTC has been designed with tax evasion in mind? Those who are successful in this game do not need BTC, even if it makes many things easier, but regular folks with 9to5 jobs will pay tax forever, and BTC won't change anything for them.
BTC makes it easier to start an undocumented, unregistered business, but few businesses and even fewer people can take advantage of that.
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The United States does not have an "EU" to implement austerity measures.
We know that, the US is a free country, its federal reserve can print as much money as it wants. Up to the point where people suddenly realizes that always creating more money creates more problems than it solves, and that the faster the money is created, the faster it depreciates. |
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I wouldn't risk to make such a large transaction with cash. For that kind f money, some people could try to set up a fake wallet...
how would a fake wallet work then assuming the deal is done in person at a police station or in a bank etc to negate the risk of robbery by either party ? When you have a briefcase full of cash, a police station is the last place you want to go. There's a 100% probability your money would be seized. Even a bank isn't safe. In most countries nowadays, banks aren't comfortable handling large sums of cash. Only Switzerland remains safe. maybe they do that where you live but in my country you are free to bring bundles of cash into a bank ,use the automatic counting machines and then give it to someone else etc and the police dont steal your money unless you have done something wrong and they can prove that What I describe is the actual situation in the US, the UK, France, Italy... In several European Union countries, it's illegal to carry more than €10,000... sadly, that's the world we're living in. Most often, you see panels warning you about it at the airport. If you have more than €10,000 in your pocket, they must be declared upon arrival, meaning that if you get caught with a lot of "undeclared" cash, you'll be f*cked. |
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Nothing! Nations are so outdated. I wouldn't pay anything to get the slightest link to another mafia-like organization.
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I wouldn't say they feel threatened, but it's quite normal that like any business, they are always looking for ways to make things better. If there are good things in BTC, they sure won't mind copying it. Except that the best thing about BTC is that its independent from all commercial and central banks, so whatever they do, they can help promote cryptocurrencies, but they can't compete with BTC.
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Government control means localized currency. Any country which has its own fiat currency could get its own electronic currency, and you would have to pay a commission for change each time you travel from a country to another. So, what's the point?
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I wouldn't risk to make such a large transaction with cash. For that kind f money, some people could try to set up a fake wallet...
how would a fake wallet work then assuming the deal is done in person at a police station or in a bank etc to negate the risk of robbery by either party ? When you have a briefcase full of cash, a police station is the last place you want to go. There's a 100% probability your money would be seized. Even a bank isn't safe. In most countries nowadays, banks aren't comfortable handling large sums of cash. Only Switzerland remains safe. |
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