in carribean bitcoin is not taxable, most ppl does not even know nothing about Bitcoin.
i do not think that in any area the government is collecting tax on bitcoin, in fact there is no tax on bitcoin right now. but i think the government may be thinking about that, but first they have to consider bitcoin as legal currency and only then they can put tax on bitcoin. as government cannot put tax on illegal items. More signature spam total bullshit. You are wrong. You could not be more wrong if you tried. |
|
|
|
No taxes are imposed from mining in third world countries, all profits need not be reported to the government because there is no law governing them. But personally I do not mind the income tax from this because the profits are more than enough.
This is a new class of signature spammer. The posts mostly make sense but they only visit a thread once, dump a post close to a turd but not close enough to be reported and then move on to another thread. Looking at the post history they spread their "opinions" over the entire system and never revisit any threads. Very annoying. This could be cured by eliminating all paid signature campaigns. |
|
|
|
|
Of course you can always lie to the IRS and pay less in taxes than you should according to their regulations.
If you do not get caught then all is well - you are a winner!
If you get caught then you lose and you face:
Paying the taxes anyway
Paying interest on all the taxes you did not pay
Paying huge fines
Going to jail for tax evasion
This is true whether you hide income and capital gains using gold, Bitcoin, good old fashioned US dollars or any other means.
|
|
|
|
Also, what happens when miners' reward gets to 0 and they'll be just given comissions?
when the rewards go down the commission will go up. All is well. Who will use Bitcoin with an average comission of $100? That would kill the whole system. There are two paths you can go by, but in the long run, there is still time to change the road you are on: 1) Small number of transactions, high fees 2) Larger number of transactions (will require a change to the system), smaller fees This is the choice we are faced with. Right now it is looking like: small number of transactions (3 transactions per second) and very larger fees, as you point out. |
|
|
|
NO!
Bitcoin is according to the law a commodity and not a currency.
Therefore it is taxed like any other stock/bond/commodity: it is subject to the capital gains taxes (in the US). |
|
|
|
|
Looks like you left the "r" out of your username.
|
|
|
|
Also, what happens when miners' reward gets to 0 and they'll be just given comissions?
You answered your own question: when the rewards go down the commission will go up. All is well. |
|
|
|
|
What is BTCTalk? Never heard of it.
|
|
|
|
His English is bad. Most posts are one-liners and made for the express purpose of collecting signature campaign payments. These are forgivable sins in this forum. This isn't. My thoughts on Bitcoin and the other currencies is that they ought to be legal unless there is fraud involved. The government should not get involved in regulating private money if there is no fraud.
https://www.reddit.com/r/IAmA/comments/1kw9u9/i_am_ron_paul_ask_me_anything/[–]RonPaul_Channel 1504 points 3 years ago
My thoughts on Bitcoin and the other currencies is that they ought to be legal unless there is fraud involved. The government should not get involved in regulating private money if there is no fraud. I do not take a position on Bitcoin and other proposed currencies in a technical fashion, but I understand the political ramifications of them and I think that government should stay out of them and they should be perfectly legal, even though I don't endorse (technically) one over another.
Thank you for the very useful information. I will keep an eye out for this and report it. I would love to get some of these fucking asshole shit eating thread spammers perm banned. That would absolutely make my day. |
|
|
|
|
Do you have any examples for us to look at?
|
|
|
|
Its not that anyone is racist around here at all. If you have terrible english writing and reading skills and youre not from an english speaking nation, then why the hell would you post outside of your local board?
Theres a reason we have Local boards. I dont take my ass into the local sections and pass my opinion around, so why should local posters with bad communication in english be in english sections?
Read the information if you wish, just dont comment without being able to write a proper understandable comment
It's* Capitalize English* (You made this error way too many times for it to be a mere "typo") You're* Don't* Oh the irony. A guy incapable of forming a single coherent statement telling people to speak English. Your post is a very good representation of white racists: Incapable of speaking English beyond the third grade level, but still want to force immigrants/everybody else to speak English. Here's a tip: Enroll in Middle School again, but try to actually pass English class this time.  What a hoot. You got me to laugh. I needed a good laugh. |
|
|
|
|
Yes, the client you are using is underbidding the fees. You are paying only 120 sat/byte. You need to be paying at least 280 sat/byte, more if you want it to go through very fast. So you need to at least double the fees you are currently paying. If you triple the fees to 360 sat/byte your transactions should sail right through.
|
|
|
|
I'm sure not. Because bitcoin is not controlled by any state or international financial institution. Bitcoin belongs to everyone in this world.
This does not matter one bit (in the US). |
|
|
|
You know that your address book in your wallet can be labeled any way you want. You can have an address for "son" and I can have an address for "son" and there is no issue because we have just labeled an address in our own personal wallets.
If you want to fix the address reuse issue all you need to do is get an xpub from your son, label it "son" in your wallet and then every time he needs pizza money you send it to the next public address calculated from the xpub you have labeled "son" in your wallet.
Personally, I see no need to involve a central DNS type authority in this. If people register with a central authority then the central authority has immediate an undeniable access to your financial records related to that public key or xpub. This is a bad idea.
Yes, I can see how you'd be sensitive to that... good point. Is 'xpub' a master public key? Am I correct in thinking that if you have someone's master public key you can generate new public keys that will be recognized by their wallet without any difficulty? I'm not familiar with this technique, is it something most wallets can perform? Yes, an xpub is a public key "seed" that is used to generate a deterministic sequence of public keys. There is a corresponding xpriv that generates the corresponding deterministic sequence of private keys. You have the xpriv, you give someone the xpub then they can send you Bitcoins on a periodic basis but use a different public key every time. Meanwhile you can generate the corresponding private key when needed. All HD (Hierarchical Deterministic) wallets can do this. That is what the HD means. See: https://en.bitcoin.it/wiki/Deterministic_walletOr other links that come up when you Google HD Bitcoin wallets (Trezor is an example). |
|
|
|
Actually, I got that thought from my TREZOR, which claims in the account that XPUBs (which I now understand are like master public keys for the account somehow?) can reveal transaction history. I'm seriously interested, feel free to clear up any misconceptions that I have.
Cool, you came back to the thread, admitted you were wrong and asked a valid question. You are not the run of the mill signature spammer. An XPUP is a special public key that generates a deterministic sequence of public keys. From the sequence of public keys it is not possible to calculate the XPUB but if someone has your XPUB they can calculate the entire sequence of public keys that are generated from that XPUB. So if someone gets one of your XPUB keys they will be able to see all of the public keys that are generated from it and then see all the transactions related to all those public keys. There is no danger to the Bitcoins, there is no danger to the private keys. The problem is that all of those public keys and all the related transactions can be tied to you. So, it is a privacy issue. |
|
|
|
|
You know that your address book in your wallet can be labeled any way you want. You can have an address for "son" and I can have an address for "son" and there is no issue because we have just labeled an address in our own personal wallets.
If you want to fix the address reuse issue all you need to do is get an xpub from your son, label it "son" in your wallet and then every time he needs pizza money you send it to the next public address calculated from the xpub you have labeled "son" in your wallet.
Personally, I see no need to involve a central DNS type authority in this. If people register with a central authority then the central authority has immediate an undeniable access to your financial records related to that public key or xpub. This is a bad idea.
|
|
|
|
|
I am not sure what you are selling here.
Let's say I have 100 Bitcoins locked up in legal molasses in my Mt. Gox account.
What is your offer? How can you help me?
|
|
|
|
|
Neither one of the two previous post have any idea what you are asking or care what you are asking. They just posted here to bump the post count for the paid signature campaign they are participating in.
The answer to your question is that if you do it properly it is safe to use a vanity address generation pool to get a good vanity address.
I do not support vanity addresses at all - but that is another story.
Now lock the thread before it is flooded by more signature spamming a-holes.
|
|
|
|
|
I AM NOT TAKING A SIDE, Carlton.
It is ironic that those that support smaller blocks whine that "this is using greed to influence miners" on the one hand but yet are perfectly happy to say that the miners greed for the larger transaction fees caused by smaller blocks is perfectly natural and OK.
So "greed is good" if it is used to supports my personal belief regarding block size but "greed is bad" if it is used to support a different belief regarding block size.
|
|
|
|
|
This transaction confirmed so you can lock this thread to prevent thread spamming.
Please lock this thread.
|
|
|
|
|
Show Posts
