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I have written instructions in my will. It is stored in a safe deposit box at the bank to be opened in the event of my death. You can't take it with you! (Both heaven and hell have very shitty dial-up internet)
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http://astrohacker.com/ahc/bitcoin-is-the-economic-singularity/After reading this, the scale of black market and digital economies and the effect Bitcoin will have on them I am pretty certain we are going to be very wealthy men -- even with a sum as small as 10 Bitcoins. It's just so hard to believe. We are only in the beginning storms with these significant rallies from 10 to 20 dollars. I will not be surprised to see prices from hundreds to thousands in the coming months. The world just isn't going to be the same and we have been blessed as the pioneers. What are you going to do with your Bitcoin wealth once your coins hit upwards of $10,000 a pop? May i ask how you make your name or bitcointalk id looks like that ? I assume you mean "Anonymous"? I think this is an account that has closed. The poster has left his/her written material here, but removed their identity. |
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I had major problems with CampBX lately and I've heard the same from others. I have had good success with CoinMKT but frankly the liquidity stinks on there.
They have not been flawless in my experience either. The benchmark for "reliable" is a low one in the bitcoin economy right now. Sad. Eventually a professional exchange will come along and eat everyones lunch. |
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Campbx might be an option if you are in the U.S.
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So trading will resume as normal except you will not have access to your bitcoins. That does not sound normal.  |
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BitCoin ...
How come whenever I see BitCoin instead of bitcoin the person does not know what they are taking about? |
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I suggest avoiding alt-coins altogether. Until you fully understand the bitcoin protocol you will not be in a position to compare coins. Once you do understand, you won't want most alts. Mostly.
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I'm not sure the technology is there yet. As an experiment I set up a fignerprint reader on my Linux ThinkPad. It was way easier than entering my long password each time. Once completed, I got bored and decided to try defeating it. Five minutes later I was in. I used clear tape to lift a print that I had blown graphite dust onto. No super glue smoke needed, just old school. I then stuck the tape to some white paper and warped it around any finger to be read. It opened first try. More than likely, this was an optical scanner. A few posts back i detailed CCD scanning, which would be far more accurate and less 'hackable'. Again, the goal is to combine multiple points of authentication and not leave it to a single point of entry. It was indeed an optical scanner. I know much better biometric devices exist, such as eye scans or scans of the vasculature of the palm. But I can't help thinking that there is a $10 countermeasure out there somewhere. And I totally agree that layered security it the best practice. |
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I thought they did a great job of explaining the ledger based system. http://news.stanford.edu/news/2014/february/bitcoin-athey-srinivasan-021814.htmlA SAMPLE:"Athey: The Bitcoin system has at its core a secure public ledger. An entry on the ledger is not an IOU from a bank, like your bank account balance is. Rather, the ledger entry is the definition of ownership of a bitcoin. Within the Bitcoin protocol, one individual can send bitcoins to another without any middlemen or risk … that is a very powerful concept." |
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This thread does a good job of explaining why there are so few women bitcoin peers.
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I'm curious why anyone thinks the U.S. government does not want us to use bitcoins? Where have they said that?
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The smartest move bitcoiners could do was to buy 1 Oz of gold at with 1 BTC when the BTC was worth $1200$
I guess that makes me 10 times smarter than the smartest move.  Actually gold crashed a bit right after I bought, but it has since moved into the profit zone. I don't know about any correlation. It may take years to accumulate enough data to see. But there certainly is an inverse correlation with the stock markets. For me, gold is a stock market hedge. Congrats! ... Thanks, but it was not really my ability to predict th market. I have a hedging plan that I follow. It was just luck that I timed it right.  |
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I'm not sure the technology is there yet. As an experiment I set up a fignerprint reader on my Linux ThinkPad. It was way easier than entering my long password each time. Once completed, I got bored and decided to try defeating it. Five minutes later I was in. I used clear tape to lift a print that I had blown graphite dust onto. No super glue smoke needed, just old school. I then stuck the tape to some white paper and warped it around any finger to be read. It opened first try. |
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You need to pay capitol gains if you hold the coins for a year or more.
More than a year. A year or less is short-term gains (in the US). If you spend them right after buying them it can be said you are using bitcoin as a payment network and not an investment. If spending/selling after a year try this formula.
It makes no difference, it is still a tax event. Any gains made on the coins are taxable. Thanks for the clarification. I do not know myself. But I have heard a lawyer say that if you buy then use coins as a payment system you might not be liable.  |
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I think this quote says it all:
"At least hundreds, possibly thousands, of transitional fossils have been found so far by researchers"
So evolutionists believe that over 4 billion years, with millions of species "evolving" they only found hundreds of examples of this??? And what they call "transitional fossils" are usually no more than bone fragments. Go look at the actual physical evidence. It's just not there.
Also I wonder why some species decided to stop "evolving", like alligators?
Hundreds or thousands? I have found hundreds of fossils myself. There are millions of fossils in museums and universities, and they are all transitional fossils. Evolution never stops and each individual who successfully breeds creates unique offspring. Even an alligator. So why do alligators look the same as many of their ancestors? Simple, their body and behaviors still work. Their is no evolutionary driver to cause change when things are working. If you go back far enough you will find many species of alligators that lived far from water and galloped around like horses when they ran. They did not survive, but ambush hunting in the swamp is still a good strategy. The crocks that followed that path are still here. |
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Those questions could be answered by my students. They have all been considered by science in past decades and even centuries. What am I supposed to make of their ignorance? "How do you explain a sunset if there is no god?" Jesus H. Christ  |
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I wrote something for the Bitcoin Society and had a great experience with them. Throughout the process they were professional, courteous, and communicative. If you are willing to meet the deadlines they have and write something of value, you might consider one of their solicitations for articles. They were prompt to pay and easy to work with.
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I am not a tax lawyer, but I have heard it this way. You need to pay capitol gains if you hold the coins for a year or more. If you spend them right after buying them it can be said you are using bitcoin as a payment network and not an investment. If spending/selling after a year try this formula.
First find the taxable amount:
Value of bitcoin at time of sale - amount paid for bitcoin = Taxable amount.
$660 - $12 = $648
Now depending on your tax bracket you may pay 0%-34%. Likely it will be 15% or 20%.
Taxable amount x percentage = Owed amount
$648 x .2=$129.6
So at 20% you owe $129.60 in this example.
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When ________________ secretly created bitcoin they tricked us by ___________________. That way they could ___________________. Now you know the truth!
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