I seems to be quite useless to try to explain why bitcoin is a good thing to anyone who does not understand the current fiat system. And equally useless to try to explain the problems of the current system to those who depend on it for their livelihood.
It is not useless at all. Everybody has his learning curve and some will need more time than others to understand the same thing, which is particularly true in maths. But you insinuated the idea of the relevance of Bitcoin, which might flourish on the future. Maybe they will need less volatility and more killer apps though. "Flappy Bits"? |
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I was promised boom earlier in this thread. Disappointed... |
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The problem with regulated financial institutions, is that they are practically banned from buying bitcoins, because they might be held responsible for their decisions. Low risk, to them, is advancing anything that the competition also advances. It makes them a herd of sheep.
It's not so much about the risk. Unless they can socialize their losses, they're not interested. They'd bet it all on black if sugar-daddy-uncle-Sam was there to bail them out when it came up red. |
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I love looking back at the beginning or middle of this thread. This thread is a real treasure and should be preserved for history's sake.
Some tell of a time of old before this thread when there was another thread just like this one. You might want to go track it down. |
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So does a steeper incline mean more bids/asks?
Is this image bullish because it shows huge support or bearish because it shows huge resistance? I am used to level 2 bid/ask with stock trading just never seen a bid depth like the one posted...
You have to take the image in context. It's a bit steep on the asks at the moment. If the price has just moved, that can mean different things. At the moment, it just means there's some resistance. But many bids get moved so it doesn't necessarily mean much overall. It's fairly boring when things are static but when things start moving, you get to see a bit of the battle that's being played out. Bidwalls being eaten for breakfast, struggles, dumps, upsets, blood, sweat, tears, urine... When both sides deepen as they have recently, it usually means there's a fight brewing. |
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Can you explain this image? I made an "Explanation" link under the image just for you. And just to be safe, I backdated it 9 months or so. |
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Must be them sleepwalking Chinamen, eh?
I found some archival material of Jorge performing some early research into the Chinese Slumber Method  |
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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?
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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!!! |
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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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".  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. |
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@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. 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. |
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