That's the problem. You need to shoot the boat in EU territorial waters and then refugees will not. All crimes committed solely because of the fact that there is no proper punishment. The violence in this case is justified.
I think that's what Australia does, but it may be ineffective. From what I know many illegal immigrants (aka the "refugees") especially from Somalia would sink their boats on purpose as soon as they see the coast guard, leaving the coast guard no choice but to rescue them (and later provide a shelter etc) or let them drown/swim to the shore on their own. So it's more complicated than just not letting them in. On top of that there are some legit refugees among them (ie oppressed Christian minorities from islamic countries etc.) whose lives are under real threat and those probably should be given some sort of asylum. I don't know what's the plausible solution to the problem ('kill them all with fire' doesn't count as such), but I know that if your asylum application is pending or rejected, you should be kept under surveillance in a locked centre and not be allowed to wander freely. |
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Update on the story, total number of people killed: 12, wonder: 49 Police are now looking for Tunisian asylum-seeker Anis Amri, they found his id document under the seat of the truck. http://www.reuters.com/article/us-germany-truck-idUSKBN148287http://www.bbc.co.uk/news/world-europe-38392128The warrant lists six different aliases used by Anis Amri, who at times tried to pass himself off as an Egyptian or Lebanese.
He is reported to have travelled to Italy in 2012 and then on to Germany in 2015 where he applied for asylum and was granted temporary leave to stay in April of this year. After being turned down for asylum, the man should have been deported but could not be returned to Tunisia because his documents were missing The suspect had reportedly been under German surveillance earlier this year on suspicion of seeking to buy guns. There was everything wrong with this guy and they justlet him walk freely. There's the €100,000 reward. Here's the photo  |
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Voted for the Build The Internet Of Money.
First tag line has a bit destructive tone to it (revolution = overthrowing/destroying of status quo etc), while the latter sounds more constructive and positive, so more suitable for your education/programming profile.
Plus, the word 'revolution' has been massively overused over the years to the point that it sounds bit stale and boring.
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Almost a decade. I was super young at the time and was just playing around with my cashier paychecks at the time.
Was the price back then really $10 or was it something else? The price was zero. Bitcoin's didn't exist a decade ago, the first block was mined in Jan 2009. The OP's "almost decade" story doesn't check out. Even if he indeed got into Bitcoin early, then the 20 btc holding is far from impressive, afaik people were sending each other much larger amount for free, since it didn't have any value. It really become tradable in mid 2010 and was less than $1 until Feb 2011. |
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Thank you for giving me the link to that software. shorena's service seems very well, and people seem to trust the service, but since I have no bitcoin, I won't be able to request a a custom address since people have to pay for them, and thus, I'll have to generate one myself. I'll look further into the software to make it work and generate an address that is fully mine  ! You can use free LoyceV's service giveaway: https://bitcointalk.org/index.php?topic=1424634.0His thread is still active. Just make sure you read and follow the instructions in the first post properly. |
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Continuously losing my all faucet amount on stupid lottery system.
Then stop. Improve the draw system put something provably fair and give the link to verify the winners.
Feel free to share how to implement provably fair system to lottery and I'm sure wetsuit will seriously consider it. |
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I'm guessing making up the numbers for the Balance Sheet was too much of a task for them.
I wonder if they delivered the same numbers to KRS (national registry court). And if KRS verified it and made publicly available. I'm going to check it soon. If anything, they'd have to file 2015 accounts for the full year (or for the period from incorporation to 31 Dec 2015). I don't think any company is required to file interim reports with KRS. Also (assuming it all works similar to UK's Companies House) KRS won't verify the reported numbers, at best, they could reject the statements if they don't meet the required format. |
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Given the speed they have tried to throw their supposed financial statements news post in the memory-hole, I'd say that is a fairly damning 'official statement' from them following CONSOB exposing their lies. This was touted as being a big deal which would show they were legit, but they buried it pretty damn quickly after that ruling. Good job the link to it is still live even if they have removed the news page it was posted on. Sloppy work there, Recyclix web admin! https://recyclix.com/image/news/news15/fin_report.pdflol, wtf is this supposed to be? Whoever produced this "financial report" was not even aware that there's such thing called the accounting standards. They couldn't even categorise their expenses properly. Numbers straight out of the ass. I love how turnover per tonne is hard-fixed at EUR 680/tonne and how 2015 and 2016 net profit margins are almost identical despite 2015 being their first year of operations (you'd expect massive business set-up costs etc). But nothing beats fixed tax at 12% ... of turnover (rather than Profit Before Tax), giving the effective rate of 41.5% (tax/PBT) for 2016 (and ~40% for each quarter). Standard corporation tax in Poland is only 19%... I'm guessing making up the numbers for the Balance Sheet was too much of a task for them. |
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Here's the relevant thread in service discussion: https://bitcointalk.org/index.php?topic=1707321.0...
'People' are saying they have stopped conversions to and from bitcoin.
Other uses (deposits, withdraws, payments etc.) are still available.
You can no longer buy/sell bitcoins, but you can still store them on Circle. More info: https://support.circle.com/hc/en-us/articles/217972003If you have any bitcoin balance, you can convert to your local currency, but after that, you can't convert back to bitcoin. What's funny, I converted to fiat few days back, but yesterday I've sent small amount of btc to my old cirlcle address, just to see what will happen. It went through fine and got auto converted to fiat. So it looks like you still can sell bitcoins there, providing you know the right address. But wouldn't recommend doing that for high value txs. |
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I think there's a misunderstanding. They aren't removing themselves from Bitcoin, they are just not offering exchange uses anymore. They are going to run a sidechain for settling payments. So it's not about being against BTC, they just won't be taking part in the actual exchange.
This. Here's the related CD article that sheds some light on the matter: http://www.coindesk.com/circle-bitcoin-shift-isnt-what-it-seems/...
Circle has not "pulled the plug" on bitcoin, as many have reported.
Users can still store it in their Circle account and send it to others. Bitcoin will continue to be a settlement token and Spark, the new protocol unveiled this week, is partly based on the bitcoin system.
...
Anyone knows what will happen if I send btc to an old circle btc address after having converted to local currency (and can't convert back to Bitcoin)? If such deposits go through and get auto-translated to fiat, then you could still use circle to sell btc. |
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Many countries don't recognize bitcoin and have no laws regarding it.
irrelevant I'm sure you know that when you run a business you produce invoices, which serve as a proof of transaction for the client and the government (if needed). Do you make invoices when you mine bitcoins? I think not.
I'm sure you know that there are plenty of instances where you can receive a taxable gain but it doesn't involve you issuing invoices (to name a few: interest on deposits, fx gains, adsense revenue and alike, small-business low value online sales, tips of all kind... and bitcoin mining). I specifically wrote that I meant business accepting bitcoins as a payment for goods/services and you're countering my point with bitcoin miners... When a business owner decides to pay tax and he has no proof of transaction, he has to declare the amount he assumes is right, and I'll repeat assumes, because it's difficult to be accurate on such unstable grounds.
Take a moment and think about it. If we consider mining income what is his actual gain based on?
1. The price of bitcoin at the moment when it was mined?
2. The price at the time of filling up the income report?
3. Or, maybe at the time when he came to his farm and found out how much he has?
4. Or if he mines in a pool at the time when the coins appeared in his personal wallet?
5. Based on what exchange and what currency? In some countries there are no exchanges until this day, while in other you have to convert local currency to USD to perform a transaction. What about countries in which there's a discrepancy between the price in local currency and USD or the local price and the average.
You seem to think that there is some strict, rigid set of tax rules or guidelines that are supposed to cover every type of activity imaginable, and if your activity doesn't fall in any category - you're automatically exempt from tax (you're not). In reality, the criteria/time of revenue recognition can differ and can be tailored to your circumstances. Even businesses with similar operations can (and do) use different accounting policies. In terms of large scale (non-hobbyist) miner, I'd say that most sensible approach would be to take the value of BTC at the moment it became available to you, ie landed in your wallet, or in your pool account, and if you have reasonable doubt whether your pool account will pay out, you could use the moment of successful withdrawal. Same for valuation, you take the best rate that would be available to you (as if you decided to sell) at that moment. There's no one, set-in-stone, valuation method. Exchange rates swings between BTC/USD/your local currency are not that much of a problem, as you recognise (and offset) these separately in the accounts, either similar to fx gains/losses, revaluation, or asset impairment. In terms of miners that hoard and won't convert to fiat - I wouldn't be surprised if (for practical reasons) they would be allowed to use one rate at the date of their financial year-end. Point is, if you don't know how to calculate your taxes, you conduct activity that doesn't fall within any known category - then enquire with your tax office. The stupidest thing the business owner could do is to assume he's not liable to pay income tax because it makes sense in his head. "b...but I didn't know any better" is rarely a sufficient defence. Again you said about business activity. Of course if you are allowed to register a business dealing in bitcoin you will be required to fill out a form each year, but that wasn't OP's question. As long as we keep Bicoins as btc in our account and don't exchange them to either EUR or USD will we be liable for tax at this point?
Neither you or I know what OP really meant (he was likely just spamming), that's why I asked him to specify. And my answer is still no. Until he exchanges it for fiat, goods or services, he doesn't have to report and pay anything.
1. There's nothing that links him as a person to his wallet account.
2. The value of the coins is so unstable, that one could say the sum of his yearly income becomes larger each month.
You're improving. Not that long ago it was only "fiat or a real estate" now you expanded to "goods and services". Still wrong though. Last question, just for fun. If you were given an item of value, like an antique painting, and you knew you're not going to sell it so its value wouldn't matter to you at the time.
Would you go through all this trouble to find someone to price it, pay that person, fill out the tax form, and run to your tax office to report it?
If the type of gift was not taxable (ie inheritance) then the question is moot. You declare and pay capital gain tax upon the sale. If the type of gift was taxable (or just declarable) - then I'd have to be clinically retarded not to declare it and pay tax if due. If I didn't and sold it X years later for a massive amount (attracting taxman's attention), I would not only have to pay overdue tax + penalty charges + accumulated interest on both (which could very well exceed the sale value), but I'd also be facing tax evasion charges. So, just for a laugh, what would you do?
useful link (probably a bit out of date): https://en.bitcoin.it/wiki/Tax_compliance |
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Thanks, but I'm not looking for any method to sell bitcoins, but for the cheapest and most convenient way to sell rather small amounts ( <£100) quick and hassle free, something that have all/most of the features listed in the first post. Localbitcoins is not what I'm looking for, as it's too complex and time consuming for small value txs. Coinbase requires id verification and I'd have to convert EUR -> GBP every time, which generates extra cost afaik (their fees look reasonable though). |
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As long as we keep Bicoins as btc in our account and don't exchange them to either EUR or USD will we be liable for tax at this point?
I was just wondering if somone know about it since my CPA say no.
Could depend on your jurisdiction and/or the type of activity, but in most cases (in my unqualified opinion) the answer is Yes. Doesn't really matter if it's bitcoins, foreign currency, or even other goods/services (received as a payment), you're still expected to pay tax on it (providing it's a taxable income), at the exchange rate/value at the time of receiving payment. Let us know what kind of earnings are you talking about and what country do you live in and maybe someone will offer you a sound advice. And here lies the problem. Income in bitcoin is not a taxable one and you are not supposed to pay the tax based on the exchange rate at the time because you are not exchanging anything.First of all the value of coins is not recognized globally and does not have a global market. Furthermore the price differs around the world, so what exchange rate should we consider? What if the country you live in has no working exchange? You are supposed to pay taxes only when you exchange your coins for fiat or a real estate. Until then you still don't own anything besides ones and zeros on your hard drive and nobody but you knows about it. Where did you get that idea from? Are you implying that if you're running a business and only accept bitcoin payments you're magically tax-exempt until you 'exchange' (which may never happen ie when your landlord/local store/suppliers also accept BTC)? That's simply wrong. It's not even limited to bitcoin, if you conduct business activity, you need to pay tax even if you only perform barter transactions, otherwise it would create easy to abuse loophole. I don't know whether there's any official guidance on how to determine market value of bitcoin/other goods or services, but I'm guessing you'd probably be safe to use rate of the major exchange in your country or the average rate of few major exchanges. And if you were to massively understate the value of your income (i.e. by using the rate from some obscure website which offers to buy 1 btc at £1) then you'd be setting yourself up for a tax evasion charges. |
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As in topic, since Circle no longer supports BTC selling, what's the best alternative for UK?
I'm looking for service that ideally has the following features that Circle offered, in order of importance:
- is reputable (not some obscure website);
- low or no fees;
- fast in processing orders;
- supports GBP (or has no currency conversion fees);
- supports fiat withdrawals directly to debit card;
- doesn't require scan of id (for low limits).
What's the best option out there? Any advise appreciated.
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Bitstamp is now offering 2% share for some 1.1M EUR https://bnktothefuture.com/pitches/bitstampIf you make a quick calculation 50*1191870[USD] and divide by daily trading volume of 5M*365 days*0.1% fee, (1191870*50)/(5000000*365/1000)=32.65, so it would take 32 years (or 16 assuming 0.2% avg fee) to pay back. Of course it's likely the volume will go up, however BTC price will do the same Therefor I think it's way better to simply buy BTC. Thanks for the info. I think the 0.2% avg fee is more appropriate than 0.1%. And shouldn't this be multiplied by x2? I thought both, buyer and seller, are charged in the same transaction. Plus, they also have a bunch of other fees (withdrawals, bitstamp card transactions etc), which should be included in calculation, but no idea whether those are generating any significant income. On the other hand, if that 2% is a share in the company, then also all the operating costs should be deducted (including office rental, staff costs, directors remuneration). Personally, I wouldn't touch that with a 10 foot pole, at least not until they decide to file proper accounts. They are (again) way overdue in filing their 30 Oct 2015 accounts. Just as in previous years, Companies House threatened to strike off the company, likely due to not filing the accounts on time. All available accounts are 'abbreviated', meaning they only show Balance Sheet, so no turnover/operating costs/profit are presented. |
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^^
it's a really bad practice to go to the official thread of the business just to advertise their competitors.
You have an opinion/comment on Amagi, please share, but don't just post opinions and links to other businesses. IIRC that could even earn you a temp-ban.
And people are surprised when more and more threads are self-moderated...
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... Thank you! So, Minerjones will act as my US/Canada distributor and will sell them on my behalf for 6.99 USD. As this is a concept/ first prototype, this note basically has a DYI Qr you make at home. You put the Private QR under the tamper evident sticker and glue the public one on top. We are working to improve this by eventually offering a kit for it. Still working on figuring how to do that. Baby steps Thanks for the update. Few quick ones: 1- How do you intend to distribute in the UK/continental Europe, will those be available directly from your website? If so, will you be accepting bitcoin payments? 2- Is the initial run (of 1000?) a limited edition, meaning there will only ever be 1000 notes of this particular design? 3- Is it possible to reserve a specific serial number (for an extra charge maybe)? 4- What are the exact dimensions of the notes (can't find that info on your site)? |
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I would be worried. The site looks like it could be a scam.
For one, the Number Figures on the homepage are obviously not real. The address on the contact page I doubt is theirs, and there is no phone number on the site.
It COULD be legitimate, but you're left wondering aren't you? With no way to find them if they run with the money?
Usually is a scam then. Anytime you give your money to someone you don't know, you can get scammed.
Yup, almost certainly a scam. Their terms and conditions are likely ripped off from other site(s) and not even relevant to their activity. They refer to themselves as "BEST-BTC LTD" which seems to be a made up name (company search gives no results). Moreover their address is in the US, any company registered in the US would have "Inc" or "LLC" suffix, not "Ltd". They don't have any presence on this forum or on social media, which is not required, but it's strange that any legit bitcoin related business wouldn't use this as free advertising. OP - start a dispute on paypal and try to get your money back. |
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