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3621  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 05, 2014, 09:34:24 PM

Must be them sleepwalking Chinamen, eh?

I found some archival material of Jorge performing some early research into the Chinese Slumber Method

3622  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 05, 2014, 08:48:47 PM
Re: Negative interest rates in Europe announcement.


Wait, wasn't this what everyone was saying the fatal flaw of Bitcoin being deflationary was? That it would make more sense to hold on to your money than to lend it out?
3623  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 05, 2014, 08:02:56 PM

Surely I like to have fun and everything, but isn't this 666 matter a little overplayed, and it seems like several of us, including myself by responding to the trending 666 topic, are wasting our brain processing power, to the extent that it exists, to be caught up in nonsense numerology random superstitions.

Well....


Kill the heretic!!!
3624  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 05, 2014, 07:03:33 PM

I did look into it - I was being paid at my British bank, but I was living in NYC.

I was not involved with the US tax system at all - as I was merely working for a UK company representing them in the USA, but paid back 'home' - which is why I looked into it.  I was having to go back to the UK to not look like I was resident.

However the tax system got much more expensive if I went full on and got US residential status, as 'all' your income was taxable from wherever you earned it and in some cases, even if you had already been taxed upon it, IIRC.


Yep, it would get more complicated. Though likely you would have only been taxed in the US and not in the UK. That may or may not have been beneficial.
3625  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 05, 2014, 05:13:49 PM

I think this is the difference here, when I left home and lived and worked in another country, I was required by SARS (the "IRS" here) to let them know and I did not pay taxes here while I was working abroad. Sounds like the US is happy to keep everyone working for them no matter where they live...

If you are a US citizen, even if you are not liable for taxes in the US, you are required to file every year. And if you have more than $10k worth in a foreign account at any point in a year, you are required to file an FBAR (with extremely severe penalties if you don't).

The UK seemingly doesn't give a damn. I suspect that's because of PAYE.
3626  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 05, 2014, 05:09:34 PM
I am not certain, but I thought US citizenship meant you were expected to pay tax on all your worldwide income, whereas many other countries just tax you for what you earn in their own country if you are a citizen.

I lived in the US but didn't get a green card (g/f offered to help) because of likely tax implications - but this was a fair while back.

This might account for the renunciations (just the very rich!)



Note that the green card is not the same as citizenship. And you would likely still have been liable to the same laws as a non-permanent resident as a permanent one.
3627  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 05, 2014, 05:07:53 PM
So, you're saying if my mother went on vacation to the US and gave birth there, registered my birth there and then returned home? In that case when she registered me as a baby back at home, SA wouldn't recognize my US citizenship, I guess the US still would recognize you if you didn't tell them you registered in SA, but you might have a problem entering the US on the US passport because SA will only stamp your SA passport when you leave.

I must say that I'm not up to scratch on US immigration laws, I've lived in Germany, the UK and Australia, but never delved deeply into the citizenship side, I was never anywhere long enough, always got visas and never a passport.

I don't think you'd need to register in the US (Though that may well be part of the process) but citizenship & passport would be available to you at a later date. I would imagine that SA would not be likely to say "No freebits mother, you cannot bring your baby back until he learns to talk and renounces his US citizenship" and there would be processes there (most likely involving visits to SA's embassy in the US but possibly other ways to expedite things). SA would probably not recognize the US citizenship (not that there's a huge difference either way) though it would be interesting to see what happened if you obtained a US passport and tried to travel on it. Likely you'd breeze on through.
3628  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 05, 2014, 04:15:21 PM
Yes. But if your mother returned home soon after you were born, you would surely receive a citizenship from that country. Yet you would still be an American citizen by US laws.
Perhaps in the US, but in Germany you would be required to inform the "Anmeldeamt" that you are leaving and will be living in another country and I think they would class you a non-citizen or something. If you wanted to return later, it wouldn't be a problem because you were born there, but in the meantime you'd only be a citizen of South Africa.

No, I'm talking about while you're still a baby. Think vacation.
3629  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 05, 2014, 03:27:42 PM
AKAIK they'd make you choose, depending on where you are living. If you wanted to stay, you would have to swap your US passport for a South African one and if you lived in the US, you'd need to apply for a visa to visit and citizenship if you wanted to stay; they'd grant you citizenship if you decided to stay, but once again you'd have to give up your US passport/citizenship. Basically we can only hold one passport at a time, although I do have friends who've gotten around this because this country is so screwed up sometimes, but my wife is German and it's taken 4 years and they still haven't managed to process her application. Once she finally gets her application filed, she'll be able to get a South African passport (and national identity number which allows you to open a bank account), but she has to hand her German one in, she basically has to leave and re-enter the country on the same passport, although she can travel around Europe on her German ID card.

Dual citizenship used to be allowed here in the past, but it was stopped some years ago, not exactly sure when.

Yes. But if your mother returned home soon after you were born, you would surely receive a citizenship from that country. Yet you would still be an American citizen by US laws.
3630  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 05, 2014, 03:10:15 PM
What i miss? Oh we're still at 666 ok going back to sleep

I prefer to think of it as "the 665-667 range".

 Grin

We're currently at "Neighbour of the Beast".

No - surely the neighbour of the Beast is 668, or 664.



Not necessarily. Cul-de-sacs are often labelled 1,2,3,4 etc and here in the US, your neighbor might be 676 or even 766 depending on the labelling.
3631  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 05, 2014, 03:05:39 PM

@cassius

im going to look into how much can be exported from america and imported to ireland, and the amounts that can be sold for cash with in a certain period of time. i think that may be more viable than trying to stay under bank limits and it solves other issues too.

ps. im 22 and only a have a GF who doesnt care about the money so think im good on the x-wife side of things haha

Ha! There aren't that many reasons other than tax, child maintenance payments and partners with access to joint bank accounts for keeping big payments secret (that I can think of right now, anyway). I just couldn't resist the shot in the dark.  Grin

Illegal purchases? Though given that the (US) govt will start poking around transactions >$10,000 (including "structured" ones), probably best to assume a defensive strategy in any case.
3632  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 05, 2014, 03:02:34 PM
I didn't realize there were so many citizens that weren't actually Americans (we can't hold dual citizenship where I'm from)... I guess the sharp increase since 2008 could also be attributed a moral stand taken due to Bush's election and the wars that have been started since then.

Renouncing US citizenship is both a PITA and difficult so I suspect there's not a whole lot of protest renunciations.

The whole citizenship thing is odd too. You can get dual citizenship by birth easy enough. I could get American citizenship and keep my British no problem but an American wanting to become British would have to renounce their US citizenship. It's just whatever the local laws demand, really.

Just out of interest, what would the place you are do if you were born while your mother was vacationing in the US (automatic US citizenship there)?

Though "Curtain twitcher across the street of the beast" does have a certain ring to it.
3633  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 05, 2014, 02:42:53 PM
This is out of 330 million, right? The numbers are insignificant compared to the population. Still, it may indicate that someone knows something others don't.
You miss the point.
Interesting to see the connection between the IRS and renunciation of citizenship... could it be that the sovereignty movement is catching on and people are slowly realizing that nobody has the legal right to tax you (unless you consent of course)?

Meh, I suspect most of it is just that people want to move elsewhere and don't want the IRS permanently attached. Some will see some tax advantages (legal or otherwise) from renouncing citizenship and some will avoid legal issues by doing so (the aforementioned account closures for example). Some likely have never set foot in (US) America (A whole lot of Canadians are American citizens by virtue of one or more parent, for example) and are finding their lives complicated by these intrusive laws.

It is not a huge amount of people as yet, it's true. But it's indicative and the majority of these people are likely bright and high earners. They are taking their wealth and acumen elsewhere. Not to mention that the US was meant to stand for freedom and all that whatnot (Yes, that hasn't been the case for some time).
3634  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 05, 2014, 02:26:35 PM
It's a trend until everything craps out and they repeal a whole bunch of the stupid laws.

That would be a novelty.  More likely they do another iteration of the n^2 thing with more laws.  This works until all the energy is sucked out of the system by rentier skim.  Then the substructure collapses. 

Unless by "repeal" you mean nuke D.C.


Both the US and the UK have reversed some of their ruinous tax policies in the past (Google "Brain drain"). It could be that they won't be able to do it this time but these pols tend to work out which side their bread is buttered eventually.
3635  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 05, 2014, 02:23:41 PM

This is out of 330 million, right? The numbers are insignificant compared to the population. Still, it may indicate that someone knows something others don't.

You miss the point.
3636  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 05, 2014, 02:08:51 PM

There are several banks around the world who are terminating accounts owned by American citizens due to attempted invasive requirements of the American government. It's getting to be quite a problem apparently and the amount of people renouncing American citizenship is spiking.




is it a bubble or a trend ?

It's a trend until everything craps out and they repeal a whole bunch of the stupid laws.
3637  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 05, 2014, 02:01:11 PM

wow, you are so naive to think that your account in Croatia is invisible to the authorities and croatian central bank.


Even swiss acounts nowdays are open to scrutiny if the right letter comes from the right secret service, but its no surprise to read this.. after all, some trolls around here are naive enough to think that bitcoin price is generated by bots.

There are several banks around the world who are terminating accounts owned by American citizens due to attempted invasive requirements of the American government. It's getting to be quite a problem apparently and the amount of people renouncing American citizenship is spiking.

3638  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 05, 2014, 01:54:16 PM

Honestly, it would only be n^2 if every node connected with every other node. I'm certainly not friends with EVERYONE who ever is or was on facebook!

But if a fairly static percentage of those connections are important, you are just multiplying by a factor which would still make it proportional to N^2. Though the law may fail for other reasons.
3639  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 04, 2014, 03:37:16 PM
Not only did I found more Chinese FUD but also that Jesus Christ is a hodler Cheesy

You didn't know already?

3640  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 04, 2014, 02:20:01 PM
Blockchain.info is a block explorer and a bitcoin wallet with more than 1.5 million users.

Too many users. Is the message about decentralization not getting through?
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