That is the very first time in history that tulips have been brought up when it comes to cryptocurrency. First time ever. Is the writer a genius? Amazing that he could find such an event in history and then correlate it to modern technology. Wow. Absolute genius. |
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Taxation is not theft. Every profitable venture should be taxed in order to generate revenue for providing basic needs of society. If we are not taxed, we might abuse the privilege of profiting thereby making the society thirsty of the benefit of government. Is taxation voluntary? |
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Taxes are necessary, nobody argues, but without proper control over their spending, they turn to theft. This situation with the control leads to loss of motivation to pay taxes, and we often see people trying to hide income.
I beg to differ. Not everyone believes in non-consentual activities. |
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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. |
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Check out all the trolling & FUD, OMG the price has been 'dumped' to $2780, what ever will us bitcoin'ers do?
I wish all the ETH talk could be confined to the altcoin section.
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Just as I said when the price rose 10% in one day that it will correct itself...a 10% drop will certainly correct itself too (as it appears to be doing).
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Well, it was good while it lasted. Time to go buy a bunch of treasury bonds and hope they take off.
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Hypothetical scenario so that nobody is giving legal advice:
Say a US citizen were to create an offshore company in the Cayman Islands or Turks & Caicos where there is no income tax nor capital gains taxes.
The individual then loans this company some bitcoins. Say an even million dollars worth. That company then sells the bitcoins and puts the dollars in a bank account.
The company then buys a car in its name, a boat in its name, and pays this US citizen a yearly salary below the 100k cutoff for expats living overseas. The owner has full use of the company vehicle, boat, etc.
Would there be any legal challenge for this individual?
This person is also not doing it for tax avoidance purposes. S/he was already planning to start a business and wanted to start one in a business friendly nation.
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Why is there no hype for ETH? It seems like it's just building quietly
Half of the posts in this thread are pumping the fragile ETH. |
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I am having a hard time doing that. Any time I pick up a coin or ICO and do some research about it all that I found out is rubbish behind it. Yet they still keep rising. It looks like a fucking gamble to me. You do what I believe is called "Value Investing". Not so much the fundamentals of a coin, but the team or devs behind it, what they promise to do, and what the public thinks about them, or what you think the public thinks about them (you can't really tell.) You try to predict which one will rise. Get in the mind of the pump and dumpers, without being them. I mean, I don't participate in the troll box or other forums, but I read them all, or mostly. In short, it is gambling. LOL. Sorry. My so called "equivalent" 50 BTC is now 70, but as you or someone else has pointed out, it is not yet realized, so ... I better trade some of these back to BTC soon. Yes, it looks like value investing is worthless here. Probably that primalbase shit will be get a good pump because of the people behind it. I mean, none of them have any practical espertise in real state investments, they are all "ethereum specialists" but the name, the idea, the people sound good so maybe it is something stupid people will buy like crazy. I would never invest in anytthing like that as a real business, but maybe I can throw some spare FIAT into it and exit in the middle of the expected (?) pump for more BTC. NOw there's that other ICO by Vinny Lingham, Civic... the idea is ok.... but the numbers? So they expect to get $33 million for 33% of the coins.... that means $100 million for a fucking simple "identity verification blockchain"? Something that could be done with just 1 million.... But we are gambling, not really investing in real business, so.... ok, maybe another little bit of change into it.... I am starting to feel like in Las Vegas now  I used to do modeling and simulation of military networks and was given a new MOSPF (Multicast Open Shortest Path First) protocol that was supposed to be superior to the network standard used at the time to create a model of and simulate against the standard model. I worked on these models for months and finally compared the two and found that the new protocol was far superior. I immediately invested in the company that owned the protocol figuring this was a great advance in networking. I invested when the stock was at $2. I cashed out when I wanted to close my Scottrade account at a few pennies. Fortunately I only invested $1k. It was also about the time of the dotcom bubble popping so there's that... |
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This talk of doubling times is my cue to weigh in with an update, calling it as I sees it.
The bull mode begun mid-2015 is clearly in full flight, we crossed $1500 conclusively around May 1 and now it seems like $3000 will form a base soon enough. So doubling period is currently ~6 weeks. Given that, the blow-off of this adoption wave likely has 2~3 doublings left, final top still targetting around 10-12k near end of July.
I refuse to call these bull runs "bubbles" as that is incorrect. Bubbles form once and then the speculative asset is sold down to worthlessness. After each major pullback the bitcoin market capitalisation (total float value) has never dropped below it's previous top in major fiat denominations. I just cannot believe how even respected Elliot wave analysts have fallen into the mind-trap of incorrectly referring to these bitcoin adoption waves as "bubbles".
The key thing to remember is that all of these people buying right now will likely not be buying during a year or two of dropping prices. They want the quick buck and are not thinking long term. I was on a "financial independence" reddit forum where people talk about investment strategies to get to financial independence and a few are talking about how close they are and how they are considering investing in bitcoin to get them over the top. Just more opportunity for me to buy their cheap coins like I did during the last bear market. |
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I will not be satisfied until I can buy 10k pizzas with 1 bitcoin.
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This is it. My friends that have 0 knowledge or interest in bitcoin are buying BTC and ETH... The bubble, the force of bubble is in the full mode now!
Not full mode. Otherwise, we would see doublings in a week. How long did the doublings in a week continue for in 2013? I missed the run up back then, this time round will be my first experience of a massive run up. In 2013 it went like this. First bubble: Double in a month Double in 2 weeks Double in 1 week Double in half a week Up a bit then crash Second bubble: Double in a month Double in 2 weeks Double in 1 week Up a bit then crash Recently we doubled in a month (1250 to 2500) but then it flattened out. That's a good thing. |
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Taxation is an ancient way of the government to collect funds that they might use in nation building. Even in the bible, Jesus teaches us to give money that is intended for Cesar. Even until now, our government still collectinh taxes on us so they have budget for infrastructure, education, health, and the like. I guess, it is the people who corrupted the budget intended for the nation building and use for their personal interest are the theft. They ruined the trust of people and they abuse their authority and power. Look at the context of the Jesus/Caesar dialogue. He first says "who's image is on that coin?". On the response of "Caesar" he says to give Caesar what is Caesar's. He does not say give Caesar a percentage of your coins. He is basically saying...give Caesar all of his coins back. As in...stop using Caesar's money. What he probably wanted to say was..."stop using fiat currency and build a cryptocurrency that is decentralized so you do not need to use government money ever again". |
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I really can't understand someone wasting so many time in something he is not invested in. If instead he would have invested when he decided to start his campaign against Bitcoin he would be somewhat rich now and could just go living its life. But no, he chose to keep living a frustrated life for no reason. I have heard that about 5% of the population has some degree of mental issues.... But I don't think there's one out of 20 with his rating. No way. Had he invested in bitcoin when he first started railing against it he could now take that money and donate it to his local communist party and probably get as much credibility among them as all of the propaganda he has put out over the past 4 years. |
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This week the Electoral Supreme Court denied nulling the whole party elected in 2014, besides the corruption allegations, then so far he'll stay in power till Jan-2019. Oct-2018 new presidential elections are up, this is what scares me most. It's possible probable Lula (the antichrist himself, father of corruption) will run and if he runs polls give him 90% chance to be elected. This is the worst scenario ever, this is the highway to become the new Venezuela.
That is unfortunate. When everyone is poor, they are easily swayed by those that promise to drain the rich to give them money. Which makes them more poor in a never ending cycle of decay. What's worse is that even with a collapse, the people have already been infected by the idea that socialism is a good thing and in a democracy the people choose their new leaders. I have been to Romania where they lived under Soviet control for a whole generation. The young people are open to the free market but they have to wait as the old generation dies off before they can move forward. |
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What makes sex NOT rape?
Consent.
What makes employment NOT slavery?
Consent.
What makes a transaction NOT a robbery?
Consent.
What makes a visit NOT an invasion?
Consent.
What makes a boxing match NOT assault?
Consent.
What makes taxation NOT theft?
Magical fairy dust.
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My shtf plan is mobility. First sign of bad things coming and I find my next country to live in. And they all take bitcoin.
What do you call a sign of bad things? That is likely a per-country call. I live in South Korea so the first confrontation between North Korea/South Korea(US) that is likely to trigger a war will be followed by my logging into cheapair.com and find the first flight out of here. If I was in the US, things like passing laws that would likely trigger an event or the debt bubble finally pops, or something happens where energy is disrupted. Any war with Russia or any country who can actually hit things with their bombs is an exit event. Though my line in the sand that made me leave the US was the tax on being alive (Obamacare). As a foreigner, may I ask your opinion about South America? Related to signs of bad things. There are several South American countries. A 1000+% inflation rate is a good exit sign. If I lived in Venezuela and could leave I would. Actually there are only a dozen. My interest is specially about how Brasilian political and economic crisis is seen worldwide. Outside of Brazil we are all given propaganda that one side or the other want us to hear. From what I see they got rid of a corrupt socialist leader and elected a pro business leadership. Usually when I see pro socialist news attacking something it is usually a good thing. I have some hope for the new leaders to turn things away from the bad road it was going down. I had several Brasilian friends and girlfriend in Germany. They love the culture but do not want to go back mainly due to how unsafe and corrupt it is. |
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My shtf plan is mobility. First sign of bad things coming and I find my next country to live in. And they all take bitcoin.
What do you call a sign of bad things? That is likely a per-country call. I live in South Korea so the first confrontation between North Korea/South Korea(US) that is likely to trigger a war will be followed by my logging into cheapair.com and find the first flight out of here. If I was in the US, things like passing laws that would likely trigger an event or the debt bubble finally pops, or something happens where energy is disrupted. Any war with Russia or any country who can actually hit things with their bombs is an exit event. Though my line in the sand that made me leave the US was the tax on being alive (Obamacare). As a foreigner, may I ask your opinion about South America? Related to signs of bad things. There are several South American countries. A 1000+% inflation rate is a good exit sign. If I lived in Venezuela and could leave I would. |
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