Sounds like you want to do it yourself. Good for you, that's what I would do also. But as I mentioned above it will require some effort on your part. I would: Set up a secure computer. Like a beat up old PC with a big hard drive. I would install Linux and NOT use winxx or Mac. From here you can install bitcoin QT, create a bunch of receiving addresses and then remove the wallet. Now you have a wallet that is not on the internet but can receive money. You can restart QT and let it sync with the network. It will create a new wallet during this process that you keep empty. It is just there so that you can download the blockchain and stay synced. Next you may want to set up an account at an exchange based in your country. I would look for one that is above board and trying to comply. You may need this if you plan on turning some of your BTC into dollars. Since businesses need dollars to pay taxes and such it will be worth your time to understand exchanges. Now your set! Modify your website to have a img like this or something. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.tenerifeloca.com%2Fuploads%2Fownerimages%2F1015%2Fbitcoin-sm.png&t=663&c=BSTjBLZ2MGBvDQ) When a customer wants to pay with bitcoin it may be best to handle it manually. I know that sounds wrong for a digital currency but security will be a huge concern. Any plugin or software tool that links to a hot wallet full of bitcoins is going to be a target. I would send the customer a receiving address and ship when the BTC comes in. Unlike a credit card you have money as soon as they pay. No need to worry about their identity or whatever. Why should you care, you have been paid? Lastly you will need to keep careful records. If you make money on the appreciation in value of any coins then you will owe capitol gains. So you need to know (1.) How much the BTC was worth when the customer bought? (2.) How much was the BTC worth when you traded it later for dollars or goods? Hope this helps.
|
|
|
What does crack taste like?
as it was carried in your ass, your shit. I totally deserved that. It was my bad and I apologize. I was going to say I couldn't resist, but of course I could and should have. ![Lips sealed](https://bitcointalk.org/Smileys/default/lipsrsealed.gif)
|
|
|
Hmmm... good question. I'm thinking... Bitcoin! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
|
|
|
Thanks for the warning. But I have made a lot of money ignoring warnings like these. You need a better lawyer before giving up so easy.
1. Bitcoin mining is a service not a lottery. Miners work for a living. They are not just scratching off lotto cards. Nor do they pay to play, which is why a lottery is gambling.
2. Bitcoin mining sustains it's self because it can scale up and scale down. It is like gold mining. We know where a lot of gold is that can't be mined because it is unprofitable. If the price goes up, then it will get mined. Same with bitcoin, if it's not profitable then there is too much supply and mining drops off.
3. Your argument is also true of the internet. Unfortunately the universe demands energy for work.
4. I have no interest in weak PoS systems. The market seems to agree.
Bottom line, it is working and continues to grow.
|
|
|
What does crack taste like?
|
|
|
I have a simple answer for you. Don't pay taxes - problem solved created. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I fixed your statement for you. What problem did you think would be solved by not paying? If you are caught you will still owe the money, plus interest, plus penalties, plus jail. When you could have realized a profit.
|
|
|
to b honest, when it comes to the whole bitcoin foundation instead of showing off people work history before bitcoin. i think what is needed is for all the guys to state what they are actually going to do without fail in the next year.
cos so far when it comes to thinking about bitcoin foundation people seem to quote janet jackson ... "what have you done for me lately"
To be fair, some of the candidates have been actively sending messages or posting at the BF forums about their plans. It's something I would like to see more of also.
|
|
|
The problem is this idea that we can "defeat" them. Why should we believe we would win a fight against DASCH? My entire life I have watched America get it's ass kicked by guys in pajamas. Did we defeat Al-Qaeda? No. The jihadists have become stronger than ever. I wish it were as simple as who has the best army.
|
|
|
I always find it funny when people complain about other people paying taxes when you know they're paying it themselves. I also always imagine they're typing this from an iPhone sitting in Starbucks on their work break ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) . Yeah. nobody likes to pay taxes but playing the victim while using all the benefits of taxation does not make one look like a hero. Americans are enjoying the safest times in all of human history. People were never this free in history nor as able to enjoy longevity and relative peace. Yet somehow they think that they are being oppressed by participating. Well I've had the displeasure of living in some of the shitiest, war torn, armpits of this planet. Places with an actual anarchy. You would not like them. A lot of kids in the U.S. seem to think they would be free in an anarchy. But there is no freedom in anarchy for anyone but the strongest. You would wake up to that the day a militia shows up to take everything you have and put you to work in the mine. Then you would be like Police! Police! Someone come save me!
|
|
|
Don't try that in other states. It's a good way to get shot in the U.S.
|
|
|
Yes. You just state: "Bitcoin accepted here".
When someone wants to pay you, email them an address (and QR code is nice). That's all. Of course when you roll your own you will need to set up an exchange account to buy dollars with your BTC. Or find a supplier who also takes BTC and use them. It is also a best practice to use each addy one time. I might further create a ton of addresses from a wallet then take it offline.
I must say though, BitPay is hard to beat. It's free for the retailer and 3% more profitable than credit cards.
|
|
|
I think most people don't have accountants. What would happen if you made a gain before you filed your taxes but then shortly after the price crashes. Could you claim that back? And then what about the opposite? You make a loss but then the price rises after you filled. Do you then owe them money?
That should not happen because you are filing for 2014 and accounting for what happened in that year only. You are also only account for bitcoins used to make purchases or traded for other money. So if I bought a BTC for $500 and then "cashed out" by selling it for $300, one could say they suffered a loss of $200. On the other hand if you sold for $600 you owe a percentage of the $100 in capitol gains you have made. That percentage is highly variable depending on your tax situation. It may be zero or 20%? You have to do your return to find out, but 10% is a reasonable guess. So in the above example you would owe $10 on the $100 you made.
|
|
|
Why not just spend it on what you were going to use the money for? Why loose some of it trading it back for fiat? Why did you even get BTC?
|
|
|
I kicked in some money during the development of this awesome online tool. It's a "computational engine". Very helpful for statistics and compiling knowledge. Try it, you'll like it! Ask it something like "weather on Obama's birthday?". Super cool. http://www.wolframalpha.com/
|
|
|
Bitcoin is like a big apple pie. There is always enough pie as long as your not hung up on the size of the slice.
|
|
|
How can africa adopt bitcoins if they are porn and cant afford smartphones and good computers?
Smartphones are common in the developing world. In many places they skipped the land line phase and went straight to cell towers. Bitcoin is a natural in Africa. Many Africans already use cell phone minutes as a currency. "Want to buy that chicken? Text me 2 hours of talk time." Weird but true.
|
|
|
The biggest headache and confusion when coming to taxes is with the fluctuating value. What happens if the price of bitcoin was $1000 at the time but is now worth $300. People could be losing lots of money then having to pay taxes on their loses too which would be a further blow.
You really should fire your accountant before you file this year. lol. yes. You pay on GAINS and can claim a LOSS if the value drops. Anyway, hopefully someone can save me from accounting for all this money. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
|
|
|
I don't even think anyone has mentioned a potential ban yet
Around here China bans bitcoin every week.
|
|
|
So many ignorant statists making the same boring arguments over and over and over and over and over and over..
I want to cry.
I am living in a cage full of slaves and I am surrounded by other slaves telling me how great the cage is. Sure I get to vote on what's for supper every now and then. But whenever I propose we work together to escape the cage I am met with hostility and labeled as dangerous, radical, naive, Utopian, and selfish.
Not in my lifetime.
Why would others paying their share bother you? You could just mooch off our labor and enjoy the benefits of taxation but not pay. Then you wouldn't be a slave anymore.
|
|
|
Thanks for posting the update Bruce. For thous interested in finding out more about who is running check out this cool software: https://bitcoin.consider.it/I had lunch with one of the developers in Seattle a year or so ago. Great guy, and a great tool for making the BF elections more transparent.
|
|
|
|