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I would say it's already assured, since we got billonaires invested. What im looking forward to ise to see how the blocksize limit controversy turns out, since it seems a pretty big deal due lack of consensus. It should turn out ok, we've been through heavier shit.
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While I do think it would be a bad idea, it would be possible for the OP to hide a good amount of his trading income, especially if he properly maintains his privacy
Trying to use bitcoin to break the law is a bad idea in general for lots of reason.I surely hope that isn't what the OP had in mind. I don't think it is. My impression is that he is trying to avoid using government fiat as much as possible, however there are not enough businesses that accept bitcoin for this to be a viable option yet. I think a better approach would be a greater push to get more merchants to accept bitcoin so they can see it's cost advantages online business that are relevant are all accepting bitcoin already, offline you may be right there are many that are still far behind in time the point of the OP is to detach himself of the control from government and going 100% bitcoin is the only way to do so, i'm supporting 100% what he is doing, and i will do the same in the future when bitcoin will be more accepted I don't get why everyone's supporting the OP. It seems silly to limit your choices like this. Clearly credit/debit cards still bring a lot of convenience in this world. Why not take advantage of that?
Example A. True story. I travel to a different state. I go to make a purchase. The card doesn't work. I call the number on the back of the card. I then have a total stranger on the phone tell me where when and what I purchased for the past week. I can't even remember all that. Now why do I want total strangers to be stalking me 24/7, knowing all my purchases, where and when? Imagine how much total strangers know about me! They know where I like to eat, what I like to eat. What I like to wear. What my tastes in movies and music is. Whether I am an introvert or whether I am an extrovert. The list goes on and on. They could probably have a sketch artist draw a picture of me and they could probably be very accurate. And that doesn't even touch any of the other reasons - for paying interest, credit reports, reporting and flags etc. I hate credit cards. I really hate credit cards. I will be following the lead of Elwar as soon as I can! completely with you, bitcoin offers surely a greater privacy than credit card/debit card, no more random providers who calls you to offer you stupid business everyday, i hate those to death So Ebay is irrelevant? because last time I checked you couldn't accept BTC as an ebay seller. Anyway, I think the biggest problem with this is bills. I couldn't be able to pay for basic services with BTC, because there aren't any around that accept it. |
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Anyone knows exactly to what extent the cyprus bailout was responsible for the bitcoin rally? that would very useful information to try to develop an analysis adapted to the current greek situation. I only expect a small % of people doing it because unfortunately, most people are clueless and there are people hidding money literally under sofas already because they dont know any better. |
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You don't need blockchain to monetize the assets, you just print new money and send to employees as salary to spend, and tell every merchant this is legal tender, backed by government assets, so that they will accept it. Of course they need to setup a settlement network in second currency, but that's a simple change in domestic banking network
As a result, all the euros in the country are collected and returned to debtors and the new currency circulate inside greece, this is essntially an exit of EMU
From ECB point of view, as soon as Greece start to make their own money, the total money supply in Eurozone can not be controlled by them anymore, so Greece must exit EMU
Greeks don't WANT to leave the Euro. They realize it has been a disaster and STILL want to stay. Its like Illinois and California electing the same goons over and over who have driven their states to pauper status. We imply the populace is itching to tear down the Brussels's headquarters but the opposite is true - the vast majority of Europeans want to remain in the EU. Yes, it makes no sense but the idea of the old national currencies (I loved using liras, francs, marcs, pesetas, drachmas) is fading quickly. |
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Privacy/anonymity is the only cure for the rampant destruction of individual rights that's happening throughout the world as spying tech advances(Hello nsa, google etc...) both in economic and social matters.
Im all for privacy and anonymity, but there's always a downside. Who would pay for the welfare for the people that really need it (because some do really need it). If nothing is public anymore, how in hell would that be deal with? I don't see it would work in a 100% anonymous individual society. |
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That's something called Socialism. And if You didn't notice, there are no rich countries with that kind of political system. Poland after Second World War had that system for almost 50 years, ask Poles what do they think about Socialism today.
Countries like Sweden are pretty rich and have high welfare system and the life quality is great, so no, your example is flawed. |
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ahh don't even know where to start, because maybe I'm so pessimistic, but based on my experience everybody wants to kill bitcoin. government, banks, media, politics..actually everybody with some kind of influence to public sector. just because with massive bitcoin adoption they will loose they influence at all..
There are media that has been pretty neutral with Bitcoin, I dont see the CNN documentary being anti bitcoin in any way? And other big media like RT is clearly pro bitcoin with Max Keiser etc. |
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I think the best way is to use a mixer before you buy anything with Bitcoin, so the blockchain transaction can never be linked to any credentials of yours.
My worry is that the procedence of the bitcoins you get after mixing are of criminal origin... what about that? I only want anonymity, and I dont want to end up in problems by using a mixer.
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As for buying another house, my next permanent home will likely be on a seastead or sailboat. I left the US and do not see returning unless they have a USSR moment.
Rental car will be difficult, most places I have traveled to in Europe I opt out of getting a rental and just get a hotel in the city and walk everywhere. I always book my hotel rooms through expedia which accepts Bitcoin so there's no problem there.
For things online that require a credit card, I used to rely on brawker.com but now I need to figure out a new way. Hopefully the Bitcoin community fills the vacuum that them leaving has created..
Will you be buying the boat or renting it? If you'll buy it, aren't you at risk of being caught? what if for some reason they ask where did you get the money from to buy that boat? That would be my biggest concern, because once they ask you.. what options do you have? |
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Im praying to lord satoshi that is just another small time bump and we go down again. We need a long ass low price period for god's sake, how are we supossed to stack up on all this cheap BTC? Please stay LOW, otherwise it will be impossible to get any reasonable amount of BTC again.
We have tons of years to look forward to for an high price, no need to rush things.
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Yeah, with an average tax burden of 48%!
I'd rather earn less and have the freedom to carry cash.
EDIT: Also, are you sure those figures are accurate? Are we talking per capita or household income?
True, the taxes on those countries are super ridiculous, but guess what, the final brute income is still way higher than the rest of european countries, life quality is great, welfare is insane as well. Some people getting higher welfare monthly than lots of workers all over the globe. I don't get how those countries can still function nicely. |
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My Amex card expired last year, they may have sent a new card but I don't live there anymore. I'll get around to officially turning that one off, I've had an Amex since '97. I called a few months and cut off my Mastercard and verified that my Bank of America card was turned off.
That left me with my bank's debit card. That expired at the end of April.
I still have my bank account, I have a rental with direct deposit into my bank account and I turn around and pay my mortgage from there so I haven't taken that final step to close that account. Plus I figured I can just use my bank account to buy/sell bitcoins until they shut down my account like they do with so many people.
I do have a deutsche bank account card that I use to deposit cash into my account. I tend to get more through localbitcoins than I spend so I just convert the extra cash back to bitcoins so I don't have to turn people away who want to buy bitcoins with cash.
Are you going to try to live off Bitcoin, or is it poor organization from you that has let you have no cards anymore?! I don't see cards as the problem, I mean there are bitcoin debit/credit cards, I see the fiat system as the problem. If you have a fiat bank account (pretty much a necessity) then you are still in the system. If they do shut your account because of your bitcoin trading, what will you do then? Can you get paid in cash or bitcoin? If not then you are going to have some major difficulties! I'm currently paid 100% in Bitcoin through bitwage.co. I pay for as much as I can using bitcoins. I actively sell bitcoins on localbitcoins so I usually have plenty of cash for buying food and paying rent. If they shut down my bank account I can probably have my tenants direct deposit directly to my bitwage bitcoin address and I am looking at billpayforcoins.com to see if they can handle my mortgage payment. My goal this year is definitely to go into 2016 with no bank account. I have confidence in the Bitcoin community filling the final pieces necessary to do that. This is great, I don't know any other person that is taking it this far. My question is, do you tax your BTC? I assume you want to avoid to do that, but let's say you eventually buy a property paying with BTC: How would you go about it? The government would find out you own a house sooner or later, and they will want to know how did you pay, and where did that money come from. You'll not have any other explanation but telling the truth, which means they'll want to know your total BTC stack and tax your ass. Also, what do you think about using exchanges like multisigna + mixing the coins before doing so? are you still in trouble with the law that way? I want to be as anonymous as possible, no one needs to know the movements I make with my money, that is just so fucking annoying. |
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I was expecting a bigger explanation on the blocksize thing since it's a big topic and an upcoming one within the next big update to 0.11, the explanation seemed vague to me, they didn't go into much detail.
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Guys, unless you have a great idea (invent a new service that's successful within the crypto ecosystem) the best way is still getting your BTC through dollar (or whatever fiat you use) cost average, spend some of your monthly wage on BTC, keep stacking on this great low price time and hold long term, thats the gameplan.
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I've got not much idea about Tennis I do mostly boxing and football, but my friend is betting big time on Nadal and he's gotten 2 nice wins so far.
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Oh , another XMR user  XMR user or not, OP is 100 % right. Darkcoin got insanely instamined by Linux users, this is all demonstrable with proof. The fact you ant ot support an instamined coin leads me to believe that you are loaded big time with DRK. Good look to you, but look what happened to Bytecoin vs Monero. |
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Mayweather is the Most coward gay in the world. I will never ever waste my money on boxing again. It is fixed and it is a big scam.
Lol, Mayweather won by points. Are you a casual fighter? everyone complaining about how the fight was boring are usually casual fighters that got caught with the hype and expected some Rocky Marciano shit. Well guess what, Floyd's defense made Pacman's offense invisible. They are having a rematch in a year it seems, it's a possibility since apparently Pacman had an unreported injury, so you should feel scammed by Pacman and their team in any case. |
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You can do anything you want as long as you keep it crypto only. When you bump into an endless sea of problems is when you are allowing people depositing national fiat currencies, that's where you better have a decent lawyer just in case anything wrong happens. You always want to study it before you add any fiat deposit/withdraw deposits.
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I don't think no one is trying to effectively kill Bitcoin. They see it is basically impossible to kill as it would rise from any low price, thats why what they are trying to do is keeping the price low, give the impression the thing is dead, make people forget about it, get all the cheap coins from the gazelles and then pump it into oblivion and make it stay on a solid high price.
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1) Network effect (Bitcoin is unbeatable here)
2) Solid team (Bitcoin is unbeatable here)
Welp, that's basically it. All other stuff is a derive of this (volume of the coin, security, popularity..)
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