The Transformation is complete...
Now I am an Anarchist...
Good for you. What about the roads though?  Anarchists will make a deal with the statists. We end the government and all anarchists will voluntarily devote 5 hours a week to building the roads. Deal? |
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I plan on opening a hotdog stand and creating a private blockchain for inventory management.
Blockchain is cool... BUt what about an ICO first? Think BIG. You could easily get a few ten millions for your little hotdog stand. No need to invest your own money on it. Heck, no need to even open the hotdog stand. Seems legit. HotDogStand ICO. Ticker symbol HDS. Long name: HotDogs. Algo: Proof of Steak. or Proof of Meat. or Proof of Hotdogs. Coin Supply: 1000 To be sold in ICO: 800, 200 will be kept by Elwar and Devs, locked in escrow for a period of 6 months Angel Day Bonus: 20% 1 week Bonus: 15% 2 week Bonus: 10% 3 week Bonus: 5% Last week: 0% Minimum Target: 100 BTC Maximum Target: 10000 BTC, if reached, will have 24 hours and then ICO will end. Coin Price: Price Discovery Escrow: Individual Addresses per Participant, Multi-signature consolidated public address forwarded daily. Roadmap: You get hotdogs. Each coin is backed by hotdogs. Normal hotdogs go stale in 24 hours. We will use a preservative that will keep it good for 3 years. Pre-Ann to be announced soon, and Pre-sale and Pre-ICO before the real one 2 months later. *edit* If I post an address, someone is going to send something to it. Crazy. The funny thing is that Elwar does in fact have a real project that would be a perfect candidate for an ICO. That seasteading thing. I just signed on as a volunteer for a new seasteading company, Blue Frontiers, as part of the Blockchain group. We had discussed an ICO at the conference but their legal folks are pretty sure that stuff will be stamped out by the SEC at some point. I believe we might go the route of allowing for purchase of equity with bitcoins. My input to the group will definitely push the concept of being able to invest bitcoins to get invested. I believe the main push will be toward recording property rights on the blockchain. Can't really record a seastead deed in some government office. |
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I plan on opening a hotdog stand and creating a private blockchain for inventory management.
Blockchain is cool... BUt what about an ICO first? Think BIG. You could easily get a few ten millions for your little hotdog stand. No need to invest your own money on it. Heck, no need to even open the hotdog stand. Seems legit. |
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I plan on opening a hotdog stand and creating a private blockchain for inventory management.
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My amatuer look at the charts would say that we will soon rise to 3500.
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Lol everyrhing on the charts turner orange/red
Whats happening can someone explain?
A dip in the upwards trend. This is good. Take advantage of it if you can and buy some corn! So nothing you need to worry about I usually buy corn when I buy the dip. |
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People discussing how to defraud the taxman on a public forum. *shakes head*. I hope you're all using VPNs.
As Mitt Romney said, you can legally not pay your taxes. Or at least, keep your tax footprint small. |
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Yeah this is indeed some great news!
We will get SegWit as wished, without any modifications, and the HF stuff will come later.
However does anybody here if it really will kill ASICBOOST now?
I'm not that deep into the technical stuff and some opinions seems to differ here.
Antpool and Bitmain will probably the last ones to signal. But I'm sure they will do.
From what I have seen, SegWit will make it transparent whenever a miner uses the ASICBOOST exploit. I would imagine this would accelerate a full fix. |
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Belgium
Malaysia
New Zealand
Belize
Hong Kong
Cyprus
Barbados
Isle of Man
Jamaica
Sierra Leone
Sri Lanka
No capital gains but most have income tax which the person would have to pay if they were drawing a salary from the corporation. Though in your scenario of getting a loan it would not matter. Belize would be high on that list due to their policy of somewhat decent privacy laws for their banks. |
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Good morning Bitcoinland.
It's starting to look like yesterday's HF panic was the bottom. It's already back up battling for $2500... currently $2485USD (Bitcoinaverage) after briefly hitting $2525.
Without the Bitmain horseshit, $2500 probably would have been the bottom. Instead we got an extra good buying opportunity
Hopefully the slow grind back up will continue.
____
I see there's a little discussion about my plans for the inevitable taxes on my Bitcoin earnings, but I have to rush out to an appointment. I'll comment later.
Consider this option. https://bitcointalk.org/index.php?topic=1963054.0 |
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i wonder if bitcoin will try another ATH before end of august, there's definitely some steam left in it. 3300 maybe.
in anycase there are good chances that we stay in the 2000s and get another bull run at the end of the year.
So the consensus on here that Bitmain's UAHF is not gonna amount to much even if UASF goes thru? This all supposedly comes to a head in August. are we talking a 'tantrum' here without any real threat of implementation? What I'm thinking...but wth do I know It would not be a Bitmain "User Activated Hard Fork" it would be a Bitmain Activated Hard Fork (BAHF). |
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I wanted to share the following:
A lot of uncertainty around Bitcoin today does not help. Many people who don't know shit are throwing their money into crypto. I personally receive noob questions everyday now at work.
They are totally forgetting what I said about Bitcoin two years ago since now they want a quick buck. And that's so annoying and frustrating to say the least.
I had 2 people in the same day ask me about PotCoin. I don't know anything about it other than the obvious that they are trying to make a crypto for the pot shops in the US. I just told them that it would be a good investment if it is actually being used in the shops. With the knowledge that some of the shops are switching to bitcoin payments. |
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Anyone heard of that USD altcoin? It's said to be the world's reserve currency and one of the few hard fiat currencies with only around 2% inflation p.a. I'm really bullish on the BTC/USD pair, I expect the USD to rise some more.
Any shitcoin with no hard limit is doomed to fail. I also heard that it is not very decentralized. The only people who have seen the whitepaper are a few people that met on Jekyll Island over 100 years ago. |
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And who decides if the PoW is valid?
" They vote with their CPU proof-of-worker, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism." - S. Nakamoto, The Whitepaper i too, have read the whitepaper. Does anyone know an e-mail system based on the blockchain??  ... Or some kind of messenger app??  ... Or do I need to invent one?  I believe ZenCash is working on something like that or already did. |
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Looks like the weak hands are leaving bitcoin for the hodlers. They can tell their grandchildren that they invested in bitcoin way back in 2017 when it was only 4 digits but they got scared when the price dropped so they sold it all.
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I bought the dip but I have no idea how that is supposed to get me more bitcoins.  |
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I find it strange that so many people just accept money laundering laws and KYC as just something that needs to be done to stop the bad guys. No big deal because you're not a bad guy so the government should know every transaction you make because...terrorists and drug dealers.
Just like gun control laws its not to stop the bad guys. Its about controlling the people and being able to stop whomever they want so the government can gain more and more power.
Now every time a terrorist attacks they use it as an excuse to pass more laws to control the flow of money just like how every time there is a shooting somewhere they use it as an excuse to pass more gun laws.
Their ideal is a world where they only allow you to spend money on whatever they allow along with having no way to fight back if you want control over your own life.
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Now we have a bunch of n00bs who just bought bitcoins for the first time thinking "I thought the price only goes up 10x". They will panic sell within the month to pay bills unless we reach new highs. But those n00bs are also panic thinking "just let it get back to my original investment so I can sell and go back to my meager life of no risk"
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I thought it was more like a Offshore business loans a individual funds/bitcoin in the USA because loans aren't income in the States.
Income and capital gains have nothing to do with loans.
Wether someone loans the company the bitcoins or invests it in the company doesn't really matter. The part I am concerned about is when they sell the bitcoins for dollars. Really? It's the change of ownership which shall concern you. You create a company, providing a financial asset with your bitcoins. You get shares in return, and the company now has every right to go to an exchange and buy any fiat currency it wants. But AML regulations will be when you transfer bitcoins from your personal wallet, to a wallet in the name of the company. You'll need a lawyer and you'll tell him I'm giving that many BTC to the company I'm creating. This is where there will be questions. Thank you, that is what I was wondering. Where the sticking points will be. It just seems better if it was a loan since the person moving the btc will not be getting any assets in return such as stocks and just giving does not seem like it would fly. |
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From the way I see it based on the scenario painted there, there will be tax levied on the individual in the US since he is receiving income from abroad however, in other to to serve as punishment for receiving money from abroad, there are several tax agreement and policies that guides receiving income from abroad because when this is positive it means it will increase the GDP of the country which is a plus on the part of government. The tax to be laid would however, be minimal.
If you live overseas you do not have to pay income taxes on the first 100k of income. |
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