The ATM was labled liBTCerty teller. Transaction didnt' go through.
The question: Care to provide details?
still stands. You tried to buy some bitcoin, transaction didn't go through, and somehow you've lost 1 sat? |
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I guess bitcoin gambling accounts for a significant portion of the bitcoin economy. It is tough to quantify this though. I remember reading that Satoshi Dice accounted for 25-50% of all bitcoin transactions last year. According to reports, the gambling industry is poised to grow further. https://www.cryptocoinsnews.com/bitcoin-will-revolutionize-gambling/I think major sectors in the bitcoin economy would be - Mining - ASIC Manufacturing (Aren't these purchased primarily using bitcoins) - Gambling - Trading (Bitcoin exchanges) - Bitcoin Mixing - Remittance - Pornography (Girls Gone Bitcoin, among others  ) - Illegal activities (Buying drugs, Ransomware, etc) - Ancillary Services (Legal, Compliance, Bitcoin software, etc) Thanks for your input. I know gambling is big, and somehow this is worrying. BTC deserves better. I wish a car manufacturer could sell its products and accepts only BTC as a payment. I don't have a problem with gambling being a large % of BTC economy, it's not like they're taking away from other segments. The "big 3" that comes to mind is: mining, gambling and altcoin/fiat speculative trading. Not sure whether the 'standard' purchases (overstock, dell, newegg etc) have more volume of trade than any of those 3. On the positive side, remittance services (using bitcoin for transfers) seem to be on the rise. I've seen some recent news about 2 or 3 new companies starting up. This could be pretty important sector and think it's underestimated by many. |
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- You don't need to register for VAT (or VAT MOSS) if your turnover is less than £81,000, you can if you wish to. To quote the Guardian because I cannot be bothered to read the actual legislation: UK businesses are currently exempt from paying VAT if they sell under £81,000 worth of products a year. However this threshold will be removed for those exporting digital products and services to Europe, from New Year’s Day.
From January, if a UK business makes a sale in another EU member state they will have to pay VAT there. The only way to comply is to register for VAT with that country or register for HMRC’s Mini One Stop Shop scheme (VAT MOSS). According to the HMRC website, the VAT MOSS scheme requires businesses to submit a ‘single calendar quarterly return’ and VAT payment to HMRC, which then sends the ‘appropriate information and payment to each relevant member state’s tax authority.’
Amanda Tickel, tax partner at KPMG UK, says: “It’s important to understand that the UK threshold of £81,000 is not being removed and micro-businesses selling digital services to customers in the UK can still trade VAT free as long as they are below that threshold.
“What is changing is that all sales of relevant digital services to EU customers outside the UK will be subject to the local VAT regardless of the value of the sales as there is no minimum threshold.” http://www.theguardian.com/small-business-network/2014/nov/25/new-eu-vat-regulations-threaten-micro-businessesThanks for that. The official website didn't make it clear at all (or maybe I missed something). So that's pretty bad news for all the small, currently non-VAT (often one-man-band) companies. They'll be forced to register for VAT (in order to register for VAT MOSS) or just limit their sales to UK only. Anyone knows why are they enforcing those changes on digital services only? |
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With Bitcoin, we see an increasing number of people who got on board and are now imploring new users to get on board and "see the light". It feels so forced and cult-like, therefore when you take a step back, it looks like a pyramid or confidence scam, which is the heart of what Ponzi did.
You'll struggle to find many respected members or bitcoin experts actually encouraging people to invest in Bitcoin. They will tell you about advantages of bitcoin and of its potential, they'll advise you to give it a try. But, at the same time, most of them will advise you not to put all your wealth in it and don't invest more you can afford to lose. And I never got those "cult-like" accusations. Still the most valuable and constructive criticism (whether about economical aspects, PoW etc) comes from within the community, rather than from the 'outside' experts (who usually just fixate on price and 'no intrinsic value' bullshit). Maybe the reason is that many outside watchers will use a simple logic: "BTC price goes up - bitcoin's doing good. BTC price goes down - bitcoin's doing bad". So when they see others not caring that much about the current price (focusing on adoption and development), they'll automatically assume it must be some sort of cult. |
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CLAM is in the final stage of testing, as well as Blackjack and Coin Swap. We will be adding new features step by step, starting from tomorrow.
Could you shed some light on the Coin Swap? Will it be run 100% by yourselves, or will you just integrate a 3rd party service, such as ShapeShift etc? |
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I think people forget that just USING Bitcoin, even it it's just for saving money on a wire transfer, can benefit Bitcoin because it shows people that Bitcoin can be used for easy and (most importantly for a lot of people) cheap transactions. Take the first step so Bitcoin can gain a foothold in Pakistan, then worry about using it as a currency later. I think people already mentioned a couple of exchanges that might work.
There's more to that. There are a few remittance companies started recently (who use bitcoin as transfer tool), if they manage to grab a significant portion of the market - the volume of trade should noticeably increase, which will reduce the volatility and make price manipulation much harder. That's a big thing. |
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after all these posts i understood that only sellers will have problems am i right?
Yes and no. All of the issues relate directly to some of the sellers (not all of them), but as a buyer you may be expected to disclose some info that usually is not required, such as your country of residence. That's just my guess, I'm clueless how it's suppose to work in practice. And theoretically, as a buyer you may no longer be able to purchase some of the digital goods (if seller decides to withdraw from your country for the convenience of VAT accounting etc). But honestly, I don't think the buyers will see any significant changes. |
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Dumb question, does anyone know any of these guys? Opinions about them for this "job"?
Not really. I'm only somewhat familiar with Cody Wilson and Bruce Fenton (from Bitcoin Association), the latter didn't nominate himself and probably not confirmed as candidate. Apparently any member can nominate himself, so it's open for unknown people to candidate. |
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Many thanks for your interest.
The specific Government article states that if you turnover less that £81,000 then you can register for UK VAT MOSS which I believe, means that VAT would still be applicable upon a sale with relation to the buyer's location. (For digital goods)
OK. The wording on gov.uk can be pretty confusing. But just to summarise: - You don't need to register for VAT (or VAT MOSS) if your turnover is less than £81,000, you can if you wish to. - If you're VAT registered, you can register for VAT MOSS (your turnover can be higher than £81,000). So it's not all that bad. VAT MOSS makes it easy to apply the new regulations. You only submit VAT return to HMRC and they deal with the foreign tax offices on your behalf. You probably still need to keep the records of destination of sales (that's the annoying part). Once you have registered for a UK VAT MOSS scheme, you submit, each calendar quarter, a single MOSS VAT Return and single VAT payment to HMRC. HMRC will then forward the relevant parts of your return and payment to the tax authorities in the member state(s) where your consumers are located. This fulfils your VAT obligations. By using the VAT MOSS scheme, you won’t have to register for VAT in every EU member state where you make digital service supplies to consumers. https://www.gov.uk/register-and-use-the-vat-mini-one-stop-shop |
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Found in google https://urdubit.com. Pakistan's First Bitcoin Exchange. I can't say how much this exchange is reliable. I did not use it. Urdubit has already been mentioned few times in this thread and the OP had got in contact with them, but wasn't happy with the fees. It's a good practice to scan through the thread before posting. |
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Really nice, unbiased documentary. Properly done, shows both strengths and weaknesses of the network, quite comprehensive but without going to deep into tech aspects (which would be hard to comprehend for the average viewer).
It's always good to see materials like this coming from outside bitcoin community.
Thanks for sharing
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He's on the list for the 'individual board member' (whatever that means): Below is a list of nominees for the next round of election. Bolded candidates have confirmed their nomination (confirmation will begin mid January). For the nominees posting that they are "accepting" their nominations: read above!
Colin Gallagher
Jim Harper
Bruce Fenton
Theo Chino
Michael Perklin
Cody Wilson
Dima Starodubcev
Scott Morgan
Bayan Towfiq https://bitcoinfoundation.org/forum/index.php?/topic/1158-nominee-list-individual-election-2015/ |
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Wow. That's pretty bad. I'm not sure do I understand this correctly (I hope not) but does that mean that if UK business sells few ebooks to other EU countries (say Spain, Germany, Lithuania), they would have to charge different VAT rate and deal separately with tax authorities of each country (which would require translators)? Where digital services are supplied on a business to consumer basis, the supplier is responsible for accounting for VAT on the supply:
- to the tax authority
- at the VAT rate applicable
in the consumer’s EU member state.
The changes will create a level playing field for UK businesses by removing the current competitive advantage of EU member states with lower rates of VAT. You need to identify the place where your consumer is based, has their permanent address, or usually resides. This will be the member state where VAT on the digital services supply is due. So if, for example, a UK citizen is an ‘expat’ who works or lives most of their time in Spain, then you, as the person supplying digital services to that consumer, should be charging Spanish VAT on those services and not UK VAT. What if I'm unable to identify where customer is based? I cannot proceed with sale? Also, US businesses are not exemption: Businesses outside the EU (for example, the USA) that supply digital services to consumers in one or more EU member state are also affected by the changes. The only good thing is you don't have to register for VAT if you're a small business (turnover less than £81,000) ,so these rules would be irrelevant. https://www.gov.uk/vat-registration/when-to-registerThanks for sharing. Marry Christmas. |
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It is possible, but even it happen. I won't use it, bitcoin will lose it's meaning as anonymous  How so? Bitcoin won't lose anything because of some 3rd party services, as long as you can still use it its original form. |
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Apparently the government via the banks is trying to stop businesses they do not like by shutting off their payment processors and bank accounts.
The following industries were on the list:
...
Where did you get this news from? Source? Link? Don't see banks being too happy about voluntarily freezing/closing such accounts. Some of those industries are pretty large. Any thoughts on a solution to these merchants getting cut off from the banking system?  Hmm. Dunno. Is RonPaulCoin still around?  |
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Controversial title. Author fixates on the price. Here we go again: http://www.aol.com/article/2014/12/22/can-bitcoin-survive-2015/21120167/By now, you're probably aware bitcoin's stock has continued to tumble since its peak heyday in 2013 when it was valued at more than $1,100. It's now hovering at around $330 and has dropped more than 50 percent since the beginning of the year.
It lead at least one business writer to label the controversial digital currency the "worst investment of 2014" and "atrociously awful" even when compared to other struggling fiat currencies such as Russia's ruble.
But, despite the stock's poor performance this year, more and more powerful merchants have started allowing customers to use bitcoin for purchases.
So, bottom line, is it a thumbs up or thumbs down for bitcoin moving into the new year? Well, it depends who you ask, really.
... |
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Not really a fresh news, it has been reported back in Nov. Heres your own post  : Blockstream Raises $21 Million from LinkedIn, Google and Yahoo Co-FoundersBlockstream has officially announced $21m in seed funding to continue the development of its much-anticipated blockchain technology proposal sidechains. Announced on the Blockstream website, the round was lead by LinkedIn co-founder and Airbnb board member Reid Hoffman; Khosla Ventures, which has previously invested in bitcoin API developer Chain; and Canada-based seed fund Real Ventures. In total, Blockstream indicated 40 investors took part in the round. http://www.coindesk.com/blockstream-21-million-seed-capital/great month for BTC But it's good it has been mentioned outside the bitcoin news. Official website: http://www.blockstream.com/ |
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Another coverage on Charlie Shrem's sentence: http://www.theguardian.com/technology/2014/dec/22/bitcoin-entrepreneur-sentenced-jailThe bitcoin entrepreneur Charlie Shrem has been sentenced to two years in jail for his part in a money laundering scheme, after a bitcoin exchange he ran was found to be aiding users of the Silk Road black market.
Shrem was previously a senior figure in the bitcoin community, sitting on the board of the foundation which oversees the cryptocurrency, while also running his own exchange, BitInstant. He resigned as a board member after his arrest in January. |
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Message from senior member that is utter rubbish but does constitute Blackmail
Hi!
I have info about HashProfit's relationship with pbminig. As you official representative of HashPrioit
so please tell pbmining let he do refund to all my referred users. I sent him customers numbers here
in forum PM also mailed him too. So let's he check PM from me.If he don't I will give info to whom need it.
That's will be big scandal. If he do refund info leave private. Will check users wallets next week....
Regards.
People like this should be banned from here for trying to virtually Blackmail people.
Well, he's not asking for ransom and he's not threating to reveal any personal info. But if you feel blackmailed, just click 'report to admin' on the bottom of the message. |
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