I spoke briefly with an accountant and he mentioned that the controlled foreign corporation rules might make it difficult to go this route.

From the quick perusal of those rules it looks like any gains made by the corporation have to be paid by the US citizen as if all income were to be distributed that year as opposed to any long term deferred income.

Now, considering the bitcoins are loaned...it does not seem like that would count as a capital gain. The loan is a debit while the total cash is the equivalent credit. But if that were the case, the company would not need to be a foreign company since even a US company with no capital gains would not pay taxes.

I hope the price goes up. I'm selling some bitcoins to buy a car.

A classic Tuscani with 4 wheels and a sunroof.

So...weekend lift or dump?

Only if I knew that the cook knew how to prepare it. And if the price on the menu was reasonable.

It would also depend on the nationality of the human.


Like maybe he is Italian but I am craving Mexican.

Or maybe his name is Caesar and I want a salad.

Too many variables.

Which sex is God?

Does He have a penis or a vagina?

If He has either...and there is only one God...why would he need reproductive organs?

Billionaire spends a billion dollars to destroy Bitcoin...

Litecoin becomes the new main cryptocurrency.

Next...


Or Bitcoin 2.0 is created without the billionaire's coins.

The key difference between Bitfinex and Bitstamp is leverage. Most of the people using leverage will be near the current price.

You're not going to borrow dollars so that you can put a buy order at $2500 (paying interest on that money daily).

Whatever the miners run it better be compatible with BIP148.

I am thinking that Core not supporting SegWit2x may be because after SegWit is activated, all eyes will be on them to raise the block size to 2mb. By not supporting it they can push for just moving on with SegWit and LN instead. They are also balking at the 3 month timeline which is not a lot of time for testing something that would fork the chain.

I can also see that the miners are agreeing to this compromise because they see that BIP148 will probably get SegWit activated so they might as well try to get the 2mb if they can.

Either way, it's looking like we will have SegWit some time around August.

The jump over $2700 was a bit quick. We were in the $2500s just 2 days ago. Quick jumps come with sell offs.

The price on August 1 will definitely be different.

Looking at the few blocks not supporting SegWit2x shows that it is mainly small pools that didn't indicate anything and slush pool which indicates support for SegWit.

https://coin.dance/blocks

So I was thinking about the price and how it relates to velocity of money. As we get more transactions and LN which will allow for very fast velocity of bitcoin, would that send the price up or down?

2014...pretty safe to say that this BREAKING NEWS did not happen.

/thread

Don't invest in bitcoin.


Convert from your old currency to bitcoins.

Happens every...single...time.

Huge sell walls are great. The whale is manipulating up.

Could be a head and shoulders, unless it's not.

The price has been pretty gradually climbing over the past few days. Not a quick jump.

I see it as a struggle between this huge bull wave we have and all of the hodlers who got a glimpse of the huge 25% drop and started thinking about their exit strategies cashing out some of their coins. Certainly healthy as they will not likely panic sell later. The incoming investors are still flowing in.


A gradual climb to $3k would be better than a quick run up. Hitting just below $3k and dropping again would not be a good thing.

We've been going up about $50 per day which would put $3k around next week.

From the headlines I've seen...Segwit2x is like calling the surveillance law the PATRIOT Act. It does not mean what you think it means. People agreed on it thinking it was Segwit plus 2Mb blocks. This is not so.