lol I think they're talking bullshit but you'd have to get an expert to confirm whether what they're saying is true because I.P addresses are completely unreliable when it comes to identification and they should know that, they're sounding more crooked by the minute

if he's got wireless then that's stupidly easy to hack and very common, just seems to me that the police can't find the real hacker and they're looking for a scapegoat to me.

That's great to hear! I found it odd because people always seem to like Bitstamp, it must be just because you were handling such a large amount it took awhile to get through, the exchanges and governments out there are definitely paranoid about a large amount of money ( from their view ) coming into a bank account out of nowhere.

To be honest, I'm not sure I agree with the whole if you're a business you shouldn't be anonymous attitude because I see a lot of individuals here who take advantage of their anonymity in exactly the same way which makes it a bit hypocritical to say those kind of things. What matter is just being honest the problem with a lot of these exchanges that fuck up isn't necessarily anonymity but the fact that they aren't being honest about their technical expertise or worse they're being ego-maniacs and they don't prepare themselves at all for the scale of what they've just gotten themselves into and because they don't have any government body or anything to help them out they end up failing miserably.

People are going to lose money in places like this but I don't necessarily consider it a horrifically bad thing because if exchanges are going to go down this quickly that are useless then that's just the free market doing it's job.

Oh for fucks sake, the Guardian comment section was bad enough LOL

Problem is that Tax Advisors don't seem to really understand or give proper clarity on Bitcoins either, I'll see who I can get to about that though it's going to be one of those things like Germany where the governments are going to have to take a proper position on it.

lol! I'm going to do that myself if they don't respond to my email first I just think it's a good idea to compile it all so people have somewhere to look and if I can get a proper statement from HMRC about it I'll post it up here.


Oh and wait a minute, where's your proof of that? Last I heard Bitcoins were being treated as Digital Tokens and had some kind of different tax placed on them? This is why I made this thread because it isn't actually as simple as you make it out to be, I also need to find out whether I need to do book keeping of my sales etc. in Bitcoin or whether it should be for the sales made in my trading account instead.

I've decided to be helpful that I think us UK folks should compile a whole list of the different responses given by the HMRC ( That's the British version of the IRS for you Americans ) because trying to figure out the tax code for Bitcoin is giving me a fucking headache and I'm trying to get it all worked out before I make any real money because then I'll be ready for when it happens.


http://www.youtube.com/watch?v=wfV7GcOHSd8 - Nowell Associates Limited Video Blog #1 - Bitcoin Tax - 05-01-2013

https://bitcointalk.org/index.php?topic=419963.0 - HMRC is to be categorised as private money - Posted by mtnminer

http://www.hmrc.gov.uk/rates/cgt.htm - Just been emailed by the HMRC and supposedly Bitcoins fall under capital gains tax - Posted by Lethn

I don't know how I failed to notice this but if anyone remembered there was a post in the newbie section about a UK accountancy accepting Bitcoins and Litecoins and this video gives a small overview of what the UK HMRC treats Bitcoin as, ish, seems like they're in the same situation many UK people are where the government hasn't been very clear about it all.

If you guys want to post stuff up I'll edit this original post while we talk about it and I'll put up a list of all the different sources we can find and give credit to who posted it. I am also going to go through the process of pestering HMRC for proper information regarding Bitcoin taxation and book keeping so I'll let you know if anything comes from it.

Bitcoin Transfer Device ( BTD ) or more accurately, Bitcoin Exchange Device ( BED )

I've been researching heavily into the taxes regarding Bitcoin and this is a great find, thanks.

Before you fly off into a panic everybody read more carefully, the NSA and other crime agencies love scaring the crap out of you and making you think they're more clever than they actually are, this would have been all over the other news networks if it was true and when you consider the laws of physics I find this even more unbelievable but you'd need someone who's an actual expert in this kind of thing to confirm it if it's true anyway.

They're definitely smaller, another reason to never bother buying that junk and just make your own stuff or get a sandwich

I think we need to agree not to put up these shitty paywall sites no matter how good the news might seem.

I laughed too I hope really bad English doesn't become a thing on this forum

Some of them are obvious and some of them are presumably legitimate newbies etc. that people give a chance on, it can be pretty difficult to tell them all apart sometimes, I've fallen for a scam and I'm normally pretty careful about this sort of thing even before Bitcoin.

That sucks! Yes, never mess around with your wallet or accounts when you're feeling tired or are in a rush, this is one of the risks involved with cryptocurrencies, sometimes they're too convenient and you end up making really bad mistakes.

Oh right in that case if you describe that you can sell it in goods or digital goods.

There are already lots of VPNs out there who are accepting Bitcoin, if you look at the bottom of this very site you'll see Private Internet Access and from what I remember this VPN has been advertising here for several months now, maybe more. For your type of business I'd put yourself in the services section, there you'll find a whole bunch of webhosts and VPNs doing the exact same thing you're doing.

I would make it so that you could be president at 18 or maybe even lower, that's actually one of the only things I disagree with what was written in the U.S constitution, otherwise it's a very good document.

It's all about the long term and taking advantage of price swings, if you can spot a good altcoin then you can and will make more money from it than you would just mining Bitcoin but there's always that risk vs reward thing where you've got to decide whether it's worth it or not.

People laughed at Worldcoin back when it was 0.00003500 BTC or something but now it's risen to what it is now everybody wants to hop onto it to see it go up further and the great thing is about altcoin all your profit is in BTC so there's no need to worry about your money getting devalued like the dollar so I guess it all just depends on how risk averse you are. This is why though I would always advise you do mining for fun as a hobby and never for a profession, I suspect that all these mining companies that are going up now will be in the red or struggling a lot by the end of the year because the only way they'll be able to make money regularly is by charging a premium for the hashpower they share with people like CEX.IO.