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3501  Bitcoin / Legal / Re: Taxes on: February 19, 2011, 07:44:11 PM

Services in the United States are absolutely taxable... you will notice when your accountant charges you tax for the hour he spent telling you about taxes Wink

Actually that varies per location.  In Maryland most (but not all) services are not taxable.  Labor on repairs, construction and even tax services is not taxed with sales tax in Maryland. 

They did TRY I think in 2008 to do that but it was pulled at the last minute. 
3502  Bitcoin / Bitcoin Discussion / Re: drop in btc value on: February 19, 2011, 07:33:22 PM

EVERYONE will happily want to accept Bitcoin!   They can see that its value will grow --- even in the short time they might hold onto it.

There will be NO shortage of merchants -- both online and brick & mortar -- who will ACCEPT Bitcoin.    The only question is:   Will anyone be willing to SPEND them?   Smiley

Well that last part is the problem.  If a bunch of merchants set up shop (at some kind of expense) and very few people part with coins it will make it very unlikely that the process will continue.   For bitcoins to become a working currency they need to be mobile and fluid.  Rapid bitcoin deflation (bitcoins becoming worth more) will kill that. 
3503  Bitcoin / Bitcoin Technical Support / Re: After a mined block is found, how long to verify? on: February 19, 2011, 05:03:39 PM
Thanks!  I was hoping to 'take' some of the coin with me as I am on vacation for 5 days, but will have to wait until I return.  My tiny miner (ATI 5830) will work alone without me. 
3504  Bitcoin / Bitcoin Technical Support / After a mined block is found, how long to verify? on: February 19, 2011, 03:40:01 PM
I found one this morning but even  two hours later it was not available to move to my active wallet.  How long does it take usually?  It said 105 blocks left to verify or something like that.  This is my first mined block!    Grin
3505  Bitcoin / Bitcoin Technical Support / Re: Mining past 95% probability... at what point should I suspect a problem? on: February 19, 2011, 03:37:08 PM
Any update?  Did you get a block?
3506  Bitcoin / Legal / Re: Taxes on: February 18, 2011, 10:26:35 PM
The government here considers you run a hobby if you earn under $75 000 a year and you arent required to collect goods and services tax.

I dont see myself approaching that anytime soon lol.


Where do you live?  I want to move there! 
3507  Economy / Marketplace / Re: Will pay BTC for iPhone, iPod Touch or Android phone on: February 18, 2011, 10:23:41 PM
How about an Iphone 3gs with 8gb ram?  Still under applecare for a few more months.

3508  Economy / Trading Discussion / Re: What if you sold usb bitcoin drives on ebay ? on: February 17, 2011, 08:22:32 PM
1. Load a usb drive containing a file with username and password to a mybitcoin account containing bitcoins.
2. List on ebay for the price of the drive + the price of the bitcoins.
3.Have proof you posted and it was received by customers.
4. $profit Huh

Is this a pipe dream ? lol


How about this:

1 . Sell a usb drive on ebay that you say has bitcoins...
2 . load with autorun virus that TAKES the bitcoins from that user (since you know they are a bitcoin)
3 . have proof of mailing
4 . withdraw money from paypal FAST (because they will take it away fast as well when the buyer reports)
5 . double profit!!

The moral of the story:
USB drives from strangers are dangerous ( well at least for windows users )
PAYPAL is even more dangerous
EBAY will take a fee that is too big for anyone to make a profit

Use bitcoins for trusted merchants, in person or electronic exchanges with friends, a direct point of sale replacement for cash


3509  Bitcoin / Bitcoin Discussion / Re: Best practice for fast transaction acceptance - how high is the risk? on: February 16, 2011, 11:29:02 PM
So far all of this discussion has pointed out one fact to me.  On small transaction sizes these attacks are not worth it.  On larger transactions you can usually wait. 

With cash you can get counterfeits  (I have lost a few $20 bills due to that)
With checks they can bounce (and this is MUCH easier to do then with bitcoin)
With credit cards they can be charged back (while rare, this has happened to most merchants)

I think most people can take the risk of a double spend attack on $50 or less.  You would as a merchant also know (by face at least) the person who did this to you and you would not deal with them again. 





3510  Economy / Marketplace / Re: CoinPal beta - Buying bitcoins with PayPal on: February 16, 2011, 06:12:05 PM
I just did a purchase.  I have noscript running under firefox and I had to allow your site or receive a cross site scripting error.  

My coins were deposited quickly (3 mins).  After 25 mins I had 5/unconfirmed.

After 30 mins it was 7/confirmed.

Thanks!
3511  Other / Obsolete (selling) / Re: selling 3,6,12 month contracts for computations from 1 to 16 GH/sec on: February 16, 2011, 01:27:43 PM


You are falling into a 'mom's basement' trap. Even worse, you counting only cost of equipment and even comparing contract price to cost of equipment. Other posters at least counted cost of electricity as well. This would be all cool and dandy if there was no need for:
- shipping
- labour needed to assemble, test and deploy the rigs
- software development
- customer support
- public relations
- network and system management and monitoring
- insurance
- management
- accounting
- profit
 
  I've heard it all before, some claim that they can fit 4x5970's in a 3U box using water cooling and therefore fit 112 GPU's into a standard rack, some claim that one needs only hardware and electricity (or only hardware even) to run a mining rig. None of these people have real world experience running large computer farms or businesses. It is where the real world conflicts with fantasy.

  Very easy to build a biz plan with only hardware and electricity as costs. Trying to execute it without humongous cost overruns, is entirely another matter.

  As I said before, will be happy to give refuge to customers running from cowboy operators (if they have any money left).

  Ironically, every time I write responses, to such 'price too high' mathematicians, I count my expenses and profit margins and I have an urge to up the price another 10% or so.

+1

I am not commenting on the prices (though I think they are fair) but on the long term stability.  Doing this right costs money and doing it wrong will (in the end) cause failures.  With many machines running you can have all kinds of problems, especially if they are cobbled together, not close to identical and not well thought out. 

That being said... someone in a country with low electrical costs could be some serious competition. 

This is getting really interesting!
3512  Economy / Marketplace / Re: Bitcoin Credit Score Project - Beginning on: February 16, 2011, 04:32:20 AM
O.k  - I am going to basically making a credit score based project - here are the details:

A user sign's up to get a Credit Profile. They must provide there name, address, and phone number as well as to link a facebook profile.


Must provide a facebook profile?  Why not offer some other choices?
3513  Economy / Marketplace / closed on: February 16, 2011, 03:50:56 AM
closed
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