That was a good payout from that tennis win, very nice.  Officially over my starting balance!

I have the GF's birthday party to host tonight, so I wont be on at all until very late.  Good luck with any bets tonight, hoping to be over 1 Btc by the time I get back. lol. But seriously good luck.

12 @ 1.3

Ahh, obviouly I watch a ton of tennis, lol!  Man that Yankees game had a stinky outcome and with Pitt getting smashed, but hey, still a pretty good day so far, and will be a great day if Miami wins!

Were the odds in Jankovic's favor so much so for that Tennis Match that the win on a .15 bet was only .0195?  That seems like very low odds, but I have never even seen odds on a tennis match so maybe thats normal?

Ahh, I did not realize that, that much work would have to go into it.  I thought it would be easy enough to put all of the assets onto your website, then let us put in how many shares we have, then simply update the price for each one, but without an API (I didnt realize they didnt have one) I dont see how this could be done easily.  Thanks for the quick reply and I may look into using this site when such a feature is added, but since I dont day trade very often with my coins anymore, I am not sure this site would be helpful currently.

Any chance that stocks could be added so that I can have a complete portfolio?  I have stocks on Havelock and Bitfunder and it would be nice to have a central place where all that information is displayed along with profit and loss

thats awesome, and too bad you have never been, we are ok this year but have hit a bit of a slump, always fun to attend either way.  I have yet to get out to the stadium myself this year (very busy at work) but always up for a trip to the "K"

Btw im from Johnson County if you know where that is?

Here is my pledge, if you get the bankroll to 27 btc, I will "tip" you the extra 5 to get you to 32.  So you end up getting 32 and I get 22 Btc.  I would encourage the others that are "going along for the ride" to make similar offerings, because lets face it, a return of 2550% is amazing and commendable ((22-.83)/.83)=25.50.

That is an amazing goal and I wish you luck and support your efforts (obvious from my "investing" in you).  Personally I have gone from putting $200 on Oddsmaker to just over $1000 or a 400% increase, and was very happy with that.  But I hope that you can blow me out of the water.

On a side note, I have made a pretty good return by betting on the Kansas City Royals against ... it doesnt matter... to score under a certain number of runs in a game.  I usually bet the under when this is around 8 or 9 points total.  This is def a good bet when James Shields is pitching.  I am from KC and love to see them win, but I also make a good return when they win with a low scoring game.  Just something to think about and look at, thought I would mention it as I have made around 200 bucks with pretty small bets (about 30 bucks a game) pretty consistently this year.

This is a very good paragraph and one that should always be remembered given governments current stance on Bitcoins.  I think this is what I was trying to get across in my previous statement, but was summed up very nicely here.  It is very true that official enforcement is not the same as permission, and anyone who thinks otherwise is very liable for heavy fines and/or penalties.

I think the above two posts should be used in tandem as I am really only knowledgable in U.S. tax law, and bitcoinuser123 seems to have more knowledge of some other countries.  But I will repeat it again as it is worth repeating because I very much so like the quote and is probably the best way to handle the taxation of bitcoin...
Lack of official enforcement activity is not the same as permission.
I would never advise anyone to try and defraud the government of any country.  And to this point I would say that bitcoins are a taxable item when produced or traded for goods/currency.

I like this doctor, he is exactly what bitcoin needs, more people offering services and "pushing" their customers to pay with it.  I commend him.

I am an accountant in the United States currently studying for the CPA exam.  Here is my take on the taxing of bitcoin and what I have learned from talking with some counterparts.

Technically...you owe tax on bitcoins if your a merchant or you realize capital gains.  For anyone selling items this is easy.  In a nutshell(yes obviously there are deductions and credits and what not) you owe tax on whatever was brought in minus what it cost you to produce the item.  AKA revenue - COGS.

Mining bitcoin is where this gets tricky.  Let me preface this by saying that no official word has been given from any government entity on how to handle cryptocurrency gains.  There have been independent companies that occasionly realease statements that pretty much amount to that "soon" (probably soon as in BFL soon) bitcoin will have to be looked at by the government.  Most of those 3rd party reports admit to no official ruling out, but that you probably need a license (I forget which one, I think it has to do with trading) in order to do any merchanting that involves bitcoin.

Obviously, that was a tangent that had hardly anything to do with taxability of mining earnings.  We have learned that there is no official ruling as of yet, but, the U.S. Tax Code is very vague for reasons just like this.  The main point to remember with U.S. tax is that there is no definition of the word "income" anywhere in the tax code, and no government agency will ever release a definition, and this is for good reason.  This allows them to basically set and change rules whenever they deem fit and cast a pretty wide net on what is taxable.

So, the generation of bitcoins are taxable, but, what/when should they be taxed.  Since we dont have an official ruling, we do not know if they are a security (investment) or a currency.  If a currency, you would owe tax when they are generated, but if a security, then you would be taxed at the capital gains rate when they are realized (IE converted to cash). 

This brings up more questions though, what basis should be used for the coins, can we deduct the expenses that were used to produce them?  Should the cost of your mining equipment be depreciated over a 5 year life cycle and is the electricity costs associaited with producing coins allowed to be deducted?  If we need to realize the value of it when it is created, how do we do this with an ever changing value of the currency.  Just because it was created yesterday and then the price took a 30% dip today, does this mean I should be taxed at the higher price when it was created?

As you can see, there are many questions that need to be answered.  My best advice as of this time, and I can in no way be held liable for giving this advice and any action on your part is completely of your own free will, is that you should pay tax on them when they are realized.  IE buying somethng or converting to cash.  They should be taxed at capital gains rates, and you should be able to deduct the expenses you put into it (if it is a dedicated rig, if your rig is also your personal computer or gaming computer or anything other than bitcoin, you cannot deduct its cost)

Of course, if the coins are used to buy gold or silver, which are not comoodities or stocks, then this complicates things further.  What basis do we use now?  My thoughts on this would be that the basis rolls over and you will still have to recognize gains on the liquidation of the gold or silver.

My thought is though, what if you buy gold or silver and then put it into an RIA?  These grow nontaxable, and lead me to believe that by doing this you can grow your investment tax free and then only have to recognize the gains when you start drawing from it.  This is just a thought that I had, not sure if it is possible or not or how it would be viewed.

I would say that you shoudl just go for whatever you want though.  With something new like this the IRS will probably just slap you on the wrist and worst case scenario make you pay back taxes which you would owe anyway, without any interest or penalty.  Again, YOU SHOULD PAY TAX!  I in no way endorse this strategy, it is simply what would probably happen based on past circumstances.  It is also a possibility that they will make an example out of you (probably if the amount is big enough) and tax you out of your freaking mind.  So that is a judgement call based on risk assessment.

Let me repeat, these are my own opinions based on what I have been able to gather and what is provided in past ruling and the tax code.  They should be viewed as such and nothing that I saw is legally binding or should be used in conjuncture with any IRS rulings.

I thought this would be kind of a cool idea.  Since a share of AM stock can be tied to a Btc address, you could print certificates (in the same way you would print paper wallets).

I will have to admit that I know nothing about printing certificates like these, (would probably need a scratch area where the private address goes) and I lack the expertise to design a cool certificate that would be used.

I understand that dividends could not be realized unless you scratched it, and that selling it would transfer dividends as well, but it may be fun to be used as a gift or the amount of dividends could be included in the sale price when sold to another person.

I thought this would be a cool idea.  If anyone is interested on working on something like this please let me know and I can help how I can.  Also let me know if this is something that couldn't work, as I may be overlooking something very important.

http://money.cnn.com/2013/06/10/technology/innovation/bitcoin-baby/index.html?iid=s_mpm

My brother just sent me this, thought it was pretty interesting

Probably a little cheap for what your looking for, but I have loved my Scion Fr-s.  It is such a fun little zippy car to drive and for another 2 or 3 grand you can add about another 100 HP with a supercharger.

Current offer 17.5 Btc + .4 Btc shipping for the lot, if it falls through will announce it here.

I paid about $250 for the PSU, USB cables, and fans, I would do 16 Btc + shipping for just the boards and heatsinks if your interested.  Or 17.5 Btc + shipping for everything

Price lowered to 20 for the lot, thats 5 Btc per board plus a free PSU and cables! 

I must respectfully decline, thank you for the offer though. Keep em comin

Bump

Open to offers for the lot or seperate!

Also for sale and accepting offers -

1 ATI Radeon 5850 (currently getting 260 Mh/s on Bitcoin)
1 ATI Radeon 5850 -not sure what is wrong with this one, never hashed properly but displays video fine, never tried games currently gets about 180 Mh/s on Bitcoin)

1 XFX Radeon 6870 (currently getting about 271 Mh/s on Bitcoin)

Cards have never been over or underclocked.  Accepting offers for them.