if your not interested in money then stop showing your vanity address and quoting that the island will cost 300BTC per person and the boot camp will be 3btc per person..

this is your vanity address which you seek people to deposit funds to:
1SLAND4JQt2mhypA6cR7TSh2UunW4NU4y

so don't deny you don't seek funds..

and look you still decline answering the fundamental questions about your knowledge and experience...

2 lines made me laugh and instantly gave me a conclusion of this persons honesty

this thread could have been solved with one post......

scammer tag due to a break of promise?

inaba/BFLJosh how many promises have you broken? and how many customers have been affected.

pot, kettle, black..

lock thread

+10
perfect example.

someone hating bitcoin. but strangely has a login for this forum..i hate insects. so you will never find me on an insect lover website

i too would like this. but it would require some structured business networking meetups as oppose to just bitcoin consumer meet ups.

so seek out businesses which would like to know about bitcoin and would bring actual benefits to the community as well as bitcoin bringing benefits to the business. and have some presentations going.

do any of these pubs have a function room or somewhere that aswell as enjoying the ales paid for in bitcoin that the group can spend a bit of private time talking business as oppose to * football and eastenders. i have seen some success in one place where a 50 minute video made up of 10 short 5 minute videos was on a loop from 6pm till 11pm at a social gathering allowing the newbies take in the information at their own pace while getting to know each other. and it not seem like a lecture hall.

basically like having TV adverts/ mtv music channel running in the background

* as oppose to just football and eastenders.. i have nothing against these topics and these can be talked about but a bit of emphasis on bitcoin business too..

lol

i ask you these questions any investor would. and when they get ignored and deleted. twice and i finally make a post about your tactics being similar to a scam artist. instead of quashing these rumours by simply answering the investor questions you go on an insult rampage about the scam accusation.

so here is one more try

i wont even bother rebutting the insult parts. i will continue to ask about your knowledge of real estate, construction, public utilities companies, land ownership, laws and permits involved in any of the items just mentioned.

what experience do you have?

... awaiting reply

it has come to many peoples attention that the OP of the bitcoin island (first wrote about in 2012) but soon after stopped replying due to questions starting to get more involved.

has now returned and again is requesting funds, and yet again refusing to answer any questions which would help investors beleive the funds would be used wisely.

the latest thread bitcoin island bootcamp is now in self moderation mode and simply deletes anyone that asks any questions beyond where can they donate.
so here is the questions that got deleted from me:

so here is the questions that got deleted from another person:

understood. luckily my bank in england.. both local and at head quarters level would have regular contact so that if it approaches limits i would have been adequately informed to then increase my 'capital' to cover issues (in the UK its basically moving up the levels of the FSCS insurance fund policy prices).

as for bitspend and any future fiat touching businesses:
stick to the rules
keep in regular contact with your bank
have a well developed 'handbook' to reduce risks a bank would see

saying your local bank manager had no powers is a moot a point as saying how does corporate head quarters of your bank know your transactions are related to bitcoins, and not something unrelated. like memberships/advertising/etc.

its all about how you come across to the banks and inform them of the business plan and how you will reduce risks and self manage issues, to make sure the banks never have any issues. and to continue regular chats with them.

just handing over a business plan and thinking thats all thats needed for the year is not helpful

you got no clue how the system works.. so here goes..

regulators such as fincen/FSA dont proactively shut down businesses. they work off of reports known as SARS reports given by banks and individuals where there is a real risk of a crime happening based on the best judgements of banks and individuals evidence at hand., so the FINCEN/FSA will never tell a bank to shut down an account, on a whim.

now stepping down the ladder to the level of banks. it is the banks responsibility to monitor its customers (not the regulators) and if a bank see's something dodgy or gets a complaint from a customer they are suppose to freeze an account and investigate the legitamacy of the business and or the complaint. the bank are not allowed to reveal to the bank account holder the exact nature of why they are being investigated.

once the bank has done its internal investigation and decided a crime has been committed then and only then would a SARS report be generated and FINCEN/FSA(SOCA) made aware of the potential crime. for further investigations to occur. if other bank account holders are involved fincen/FSA would suggest to those banks to begin investigations and if enough info is there to freeze the account then they will but only after fincen/FSA receive a SARS report with enough evidence to act on.

the banks don't freeze accounts on a whim, they have to have good reason. and even after the good reason they have to have enough information to make a sars report of an actual crime.

i repeat
fincen/FSA will not ask a bank to freeze an account on a whim. fincen/FSA need to have received a SARS report about the people involved to then get the banks to act.

take mtgox for instance.. they had a confidential informant send them a SARS report before anything happened to MTGOX

now the weakest point is the banks.. as they are the point where a account can be frozen on less legitimate reasons. and if a crime has not been committed they HAVE TO release the account.

the banks do not simply run away with the money on a whim.

it may be worth reading the regulations once in a while. so having a working relationship with the local bank manager more so then just one hand shake and a business plan you can quash any concerns the bank has and ensure your rating with the bank is not high risk.

more reason to have a business relationship with your bank and local financial authority if you intend to deal with FIATchanging multiple hands.

and get rid of the arm chair anarchist views of ignorance is bliss when it comes to FIAT.

my bank manager knows me, we have shaken hands many times. he understand bitcoin, understand my business model so i have no issues continuing to do what i do. and no fear of sudden crazy actions from the bank

blah blah blah..

now in the real world if someone showed their income and expenditure of 2012 of X amount and showed they bought a red paperclip as part of their asset possesions..

and then in 2013 they showed they sold a house which they didn't not have in 2012. then of course the tax man would be interested.

but on every day bartering. swapping a loaf of bread for a couple pints of milk (equal value) the tax man wont care.

edit:

i think the problem here is that 60% atleast of people that think they are smart on this thread by using google searches are usually under 20yo that have never come into contact with a tax man.

where as i and a few distinctly obvious poster that have the same opinions as me seem to be those with real world experience.

well past posts puts this guy in Kansas citry Texas area..

finshaggy.. mckinney (neighbouring town)

both into selling seeds of different plants.

both have the same community projects.

both have shown no previous experience in leading such a mammouth project or understand the intricate details of whats really needed.

3 days in a field making a shake robinson crusoe style for $300 is not really what i would call a dry run for a bitcoin island project.

a family member is an electrician. he gets paid in fiat and in favours. he also gets a cup of tea from some of the customers. no-where EVER has he had to claim the tea and biscuits or the occassional sandwich as part of his gross earnings.

when it comes to bartering. its common sense.

if a pencil has a value of under £$1 and was traded 1:1 against a house. then the values would instantly show that someone in the trade has made massive profit. and when they go to sell the house they would then have to pay tax on the profits minus the pencil cost.

now in real world bartaring most people find objects of similar value to trade against each other making a fair offer to each other so that both parties get what they want and both don't feel like they have been shafted. this is where no profit is made and thus no tax is needed to be paid.

now for some examples.
1)say i bought a car 4door for £$1000 and sold it for £$1000 no profit = no tax

2)say i bought a car 4door for £$1000 and swapped it for 2door car of similar value no profit = no tax

now taking example 2... lets say the 2door was a sports car that a father of a new born desperately wanted to get rid of due to needing back seat space for his newborn. and the 2 door was worth £$2000

in a 1:1 trade there has been some profit, and it will easily show up when person A sells the 2 door for cash, that is when tax will come into it.

so when you barter for things. look for items of similar value. that if you sold out as FIAT would not net you a profit.

and just like anything. if you make a FIAT profit. expect to pay tax

lol i know what you mean. especially when it take 5 people to make a charity(board members). so thats 5 peoples wages. lets say they take £250 a week wage thats £1250 or in friendlier terms 18 bitcoins a week..

and that is 18 bitcoins just to ensure the charity is legal. let alone costs of delivering a service to *cough* educate the country.*cough*

now here is a great idea.. dont be a charity.. instead promote bitcoin for free.. how you may ask?

easy. talk just-eat.co.uk into accepting bitcoin.. you will instantly have 2000 businesses accepting bitcoin in one swoop.

i last year started doing this but other investment projects got in the way.

and how do i know it can be done for free.. well the simple answer is foodler.com.. getting them to take it on didnt cost a penny.

any links to the website for this event..

any proof that your involevd with this. something here tells me that your a clone account of Finshaggy. a known troll who goes around with 101 idea's that wil never florish, trying to get free bitcoin..

this thread shows no details about the event. to me its the equivalent of "pay me 3BTC and drive to an empty field where only the suckers that pay up will be there, no project leaders will be there"

yuck.. no offence but i hate those kind of things....forgive me for having a high moral standard but i think charity status should be for those that have needs such as disaster relief (needing food and water and homes). not for tax evasion so you can go around meet ups at pubs and all of your wages are paid for by other peoples donations.

i prefer to work hard for my bitcoins and then use them to benefit bitcoin adoption/mainstreaming.

i have donated money directly to gavin andressen (bitcoin-qt programmer) directly but would never donate to the foundation to pay for the other foundation owners wages so they can promote.

promoting bitcoins should be the hobby of EVERYONE. it shouldnt be a charity status

half agree. using paypal as the comparison i agree with but the UK banking system with is free 'faster payments' bank wire transfer is a hard sell.

and also to add a comparison to paypal requires a popular and robust bitcoin equivelent. more infrustructure, security and promotion needs to be put into the legitimate bitcoin versions of ebay. just to make the point of taking on bitcoin and selling household goods on bitmit and other sites even worthy of mentioning.

what is truly needed is a fast repayment system for merchants to receive 100% of the purchase price by using bitcoins so that they are atleast tempted to take on bitcoins along with plastic.

then with the influx of more merchants, the consumers (everyday joe bloggs) will move across..

theres no point telling 1000 people to buy bitcoins if there is nothing much in the UK to buy with them. merchant adoption should be more important then convincing friends to buy in.

we are already seeing the ramifications of the weight of joe blogs overpowering that of merchants.. the height of £175 bitcoin was due to every day people. now those with bitcoin are starting to see that there is not much that can be bought with it. which is leading to a sub £70 price

The american IRS has as much power to tax bitcoin directly as they have the power to enforce the euro to be taxed at 50%

american IRS can only tax and control and make demands on american currency..

the eurozone can only tax and control and make demands on euro currency..

the UK HMRC can only tax and control and make demands on the UK currency..

yea they may have relationships with each other and agree on advice from their partners. but this does not mean that IRS/FINCEN/HMRC have authority of a currency not belonging to them.. they can only regulate it if the people that do own it fully and voluntarily agree to it.

bitcoin is not owned by a country. so please get your heads out of the sand.. bitcoins cannot be taxed.. only when converted into native FIAT will that native countries laws start to apply.

so lets start building bitcoin only businesses. bitcoin only telecoms companys, grocery stores, lets move away from FIAT and choke the financial industry.

ah.. yea the 'stinker' companies.. i see your point.. i stay away from those.

but as for the more legit companies.. comparing the FIAT investments of similar return. having tax deductions straight off your profit hurts your re-investment amounts. where as keeping the return as bitcoin, your free to reinvest the full amount back into new ventures. and only having to claim tax when/IF you convert to FIAT.

what i have seen in the past though is that people buying these stinker shares dont hold them for a year. they only buy in just before the date to be eligable for the next dividend, get the dividend and then move onto another venture, then return ready for the next dividend.

thus instead of getting 12 monthly dividends by holding in one company for a full year. they can manage upto 48 monthly dividends if they time it right over 4 ventures. which is normally only worth doing on 'stinker' companies that you dont care about the long term future of.