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Is what you have left updated in the OP?
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I would fear to RECEIVE funds from the exchange because bank can report to tax agency. Using payment systems like OKPay is much safe IMHO.
For my money, I'd declare both income and any offsetting costs. As you said it is not a lot and the tax thugs do have pretty pointy sticks. Fighting back in the dark alley of audit time if they come for you, may be over-brave. But don't confuse this for advice. Get that locally. Some here may advise you to fight the thugs with all you've got, but it isn't their skin on the line. Only you can pick your battles. In the US, not declaring income is fraud, which has many repercussions. Some professions have rules of conduct and being barred from one's profession is not a risk everyone can take. YMMV |
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From: http://lifeboat.com/ex/aboutMission Statement The Lifeboat Foundation is a nonprofit nongovernmental organization dedicated to encouraging scientific advancements while helping humanity survive existential risks and possible misuse of increasingly powerful technologies, including genetic engineering, nanotechnology, and robotics/AI, as we move towards the Singularity. Lifeboat Foundation is pursuing a variety of options, including helping to accelerate the development of technologies to defend humanity, including new methods to combat viruses (such as RNA interference and new vaccine methods), effective nanotechnological defensive strategies, and even self-sustaining space colonies in case the other defensive strategies fail. We believe that, in some situations, it might be feasible to relinquish technological capacity in the public interest (for example, we are against the U.S. government posting the recipe for the 1918 flu virus on the internet). We have some of the best minds on the planet working on programs to enable our survival. We invite you to join our cause! ========= Appears as a close cousin to ThriveMovement. Both working on organizing for human success from coordinating individual efforts. |
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Now this is different, and its news, thanks to some anon whistle-blowing? We may be starting to get evidence of what people knew and when, even if as yet uncorroborated.
That + trading by any of those entities is SEC bait, and they did trade. It would also be malfeasance on the part of the Fed.
Next, we get to discover if the SEC have gained competence since Madoff.
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The illustrious and talented HeatherVescent is charting the course of the Future of Money. It is a series entering production that promises to be interesting. Stay tuned, you might see some folks you know, or want to know, on her tour of the way things will be. The Kickstarter link: http://futureofmoneytv.com/Here's Heather's blog post announcing the series: http://bit.ly/1fiF69rHere's the Kickstarter page with a video showing a teaser of the series: http://bit.ly/futureofmoneytv |
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Notice also that the coppers are avoirdupois ounces (AV) instead of troy ounces. Liberty Dollar was the first ounce copper piece and did it the right way. This is because copper is not a precious metal.
Other makers of copper pieces have weirdly used troy measurements for copper pieces, which is simply wrong, go figure.
One AVDP pound equals 16 AVDP ounces. There are 12 troy ounces per troy pound.
The troy ounce is 480 grains, compared with the avoirdupois ounce, which is 437½ grains (0.06479891 gram)
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Are there any pics of the upcoming gold coin? Or did I miss-read something?
There aren't any pictures yet of the gold pieces, as none have yet been minted. With the delays we were suffering with the silver pieces, we have focused on turning those around first as we had gone ahead and accepted BTC for them and don't like to keep folks waiting too long once they have paid. If demand for the gold stays strong, it will be the next on our list, otherwise it would be the BitDime (2/5 ozt Ag). I'll take your questions as a vote for the gold next. |
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YES. YES. YES. I am working on getting Ripple involved as well. I submitted my application to join them at Money2020 in Vegas to see if we can play well together. Waiting to hear back yet. Put in a good word for me will you?  But... as of now, Bitcoin is the only global currency actually backed with a circulating specie. The only others I've seen have been collector pieces, and bitcoin deliver pieces, both of which are awesome... but they aren't made to circulate so I saw a need to get the "Liberty Dollar Philosophy" involved. Further, I expect to reach out to all the local meet-up groups to see if they want to organize any group deals. These are designed to be as affordable as possible, and get more so with quantity. Also.. I agree that some may be reluctant to "speculate" on the value of silver and gold. They have been money for a few millennium but everything changes. That is why we found it necessary to include the real-time pricing mechanism into the specie pieces with the QR code. The idea is that you shouldn't have to hold vast quantities of silver and gold (unless you want to). It is meant as pocket change for bitcoin, and one that is more easily acceptable globally than any national fiat. It also provides a valuable means of introducing folks to what it means to have a backed currency for a change. When working out a trade using bitcoin with someone new to it, I often get asked "What is it backed by?" Now I have a ready answer for that. When working out a trade using bullion pieces, I often get asked "What is it worth?". This provides the answer for both of these. Thirdly, all the pre-paid pre-orders are now shipped out. So those of you adventurous folks who risked some precious bitcoins helping to get this new phase of sound money off the ground, look in your PM soon for details (as well as an exclusive offer!). |
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If you have 1/4 of the hashpower today, you will try to remine (fork the chain) when there is a fee of 2R or 50BTC. At 5% of hashrate, this gives a cutoff of 18x the reward for when it becomes possible to backtrack. Traditionally we have always had a pool or two floating at around the 1/4 level. Therefore when the fees approach ~ twice the reward (and they will eventually if the network stays alive) this will become a problem!
I think you are right in all elements but may have slightly misstated this? Would it be better stated that this will be an incentive problem whenever the fees+reward approach ~ twice the average fee+reward? It seems it is less of a problem of just fees>reward*2 which is expected to become very common indeed. The assumption was that the average block's fees are much smaller than the mining reward. When the fees become more significant the calculation must include the expected value fees lost. Instead of F>2R, you'll be looking for F>2R+2F_avg. As R approaches zero this inequality becomes easier to satisfy. We're probably still off by an R or an F here or there. And we haven't even discussed the scenario when R_1 = 2R_2 (when R_1 is the last block to receive 25BTC). Yes, thank you. That is what I inferred was intended to have been written as well. The text was slightly less precise in a way that overstated the problem, significant as it may be. As you point out there are also discrete and predictable times at reward halving where it merits additional inspection. |
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If you have 1/4 of the hashpower today, you will try to remine (fork the chain) when there is a fee of 2R or 50BTC. At 5% of hashrate, this gives a cutoff of 18x the reward for when it becomes possible to backtrack. Traditionally we have always had a pool or two floating at around the 1/4 level. Therefore when the fees approach ~ twice the reward (and they will eventually if the network stays alive) this will become a problem!
I think you are right in all elements but may have slightly misstated this? Would it be better stated that this will be an incentive problem whenever the fees+reward approach ~ twice the average fee+reward? It seems it is less of a problem of just fees>reward*2 which is expected to become very common indeed. |
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didnt they just prove that it was leaked when they saw big trades right when the news was released? Takes 200 msec to get to chicago from ny for news but thousands of trades were already done before news after the clock ticked when news released. The computers were programmed to make trades and to make u think that it was based on the release when it wasnt
The big trades themselves do not prove "what the trader knew, and when they knew it". That would need to be in evidence for a criminal charge. The SEC may investigate, but unless they find evidence of a nexus of communication, it won't lead to more than that. Otherwise every successful trade is a crime. If the trades were plausibly based on public information, and the traders assert this effectively, the SEC may not be able to prosecute. There are fed-watchers famously looking for tell-tale signs (like the look on BB's face when he walked in front of cameras into the building, or some other minor evidence or even a "hunch") things like this could show it to be in the clear. The trade is not the crime, the trade on non-public information is a crime, as would be the malfeasance of delivering non-public information to a trader. |
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This is it: "Is the fact that you are using bitcoins INHERENTLY suspicious?"
I inherently suspect bitcoin users of being somewhat smarter and more attractive than average, if that is what you mean. |
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My deep apologies to those anticipating my session on Thursday morning at 10:10am in Amsterdam. As it turns, out I will need to miss the flight that would have brought me there on time and will be making a later one and so, not arriving until Thursday evening.
It can't be helped, and I wish it were otherwise...
I don't know yet if the conference scheduling will accommodate a different session at this late hour, but I've asked. In any case I look forward to discovering that, and meeting as many of you as possible after I arrive Thursday evening.
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Any in September?
Pick a place and a time. Libertopia was great. Thank you to all who attended. 4 days of freedom liberty and highly motivated folks working for a more free and private world based on non-coerced individual choice. sad i missed it how much bitcoin focus? Bitcoin dominated. Although very many who arrived knew little about Bitcoin, these are the sweet spot. There were many new Bitcoin users created. I sold out of all the Silver New Liberty Dollars I brought. Many of the purchases were in Bitcoin, in fact the majority were. A more complete write-up here: https://bitcointalk.org/index.php?topic=155600.msg3217660#msg3217660 |
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is someone planning a group buy for this so we can get coins for a bit cheaper?
Would probably be in on that, Hopefully there will be... On our list of "to do" items for the coldhardca.sh site, is the ability to find folks local to you who buy in quantity and can make these available to you locally worldwide. We may also have them available at some of our favorite Bitcoin-accepting online bullion retailers. |
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Getting ever closer...  Still working on the landing page for the QR, this is a mockup of what we are working toward now. Many of the more common currencies are integrated now and more will be added soon. The first pre-ordered pieces will ship out in the morning (shipping out as they come off the press). Thank you all for your support and encouragement. Official release remains at the http://theconference.eu at end of Sept. Bitcoin will soon be the only global currency with asset backing specie pieces. Bitcoin will then be redeemable for these bullion pieces on demand. As this project rolls forward, bitcoin price should not again fall below the value of 4 troy ounces of silver (as we and our supporters will continue to be redeeming it, at that value, if it declines to that). Also, the QR on the specie pieces will also display to the bearer the current value of Bitcoin Specie in all the fiat currencies. Since these pieces may be bought at LESS than a quarter bitcoin (but a bitcoin should always be able to buy at least 4), this project should put a price floor on bitcoin going forward. Future years we expect we may have to revalue at ever higher rates of bitcoin to silver ratio, so while there will always be a redemption value for bitcoin in silver (and soon also gold), the amount of silver and gold you can get for your bitcoin may improve over time. The usefulness of the bitcoin specie pieces in commerce, especially at point of sale, can also resolve the wait-time for confirmations for in-person high-transaction environments. |
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Does Private Security reduce the public cost of policing?
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It is an interesting point. The Facebook marketing rollout started at Harvard. Lots of people wanted to know people at Harvard, and initially it was exclusive.
The WWW started at CERN, some pretty smart people there, again university focused.
Bitcoin started with crypto programmers, and systems and security folks cross-bred with monetary philosophy. Each of these starting groups are fairly elite, with high barriers of intelligence and depth of expertise needed to participate meaningfully.
Are we at the dilution phase, where it is no longer just the smartest? If so, that suggests rapid growth ahead as we swing up the bell-curve into the "normals".
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was there a bitcoin booth?
There were a number of Bitcoin centric elements. Registration desk took bitcoin. Bitcoin and alternative currencies were pretty much everywhere you looked. Possibly the best "Booth" (in my humble opinion) for Bitcoin was Timothy Frey's Roberts & Roberts Brokerage booth. They had a full array of Bitcoin items from swag to awesome. Bitcoins not bombs, and all manner of goodies. It was a good event, all things considered. Sold out all the New Liberty Dollars I'd brought in less than a day, and many of those were Bitcoin sales. The Silver Circle folks where there. Bitcoin was one of the hottest discussion items and many of the speakers discussed it in their presentations. The crowd was mixed, with very many of all ages and types, as well as many younger SoCal brilliant stars. The MC of the event was none other than Jeffrey Tucker who is also hosting the Atlanta conference in 2 weeks. He is a Bitcoin fanatic and can't stop talking about it. He wrote this piece inspired by some of the events which happened there: https://bitcointalk.org/index.php?topic=292237.0Foster Gamble's THRIVE movement was very well represented. His discussion group was dynamic and moving. http://www.thrivemovement.com/This year's Libertopia was a historic one. |
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