Bitcoin Forum
June 26, 2024, 03:36:20 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 [4] 5 »
61  Bitcoin / Legal / Re: What Does the SEC Report Imply for the Crypto Community? on: July 31, 2017, 09:05:07 PM
Yes, you would think the pro-lifers would be more up in arms about Planned ParentHood SEC killing babies.
62  Other / Off-topic / Re: Do you vape? on: July 31, 2017, 04:13:05 AM
Nope but I think people that drive around and smoke from vape tube things look disgusting. Sucking off a giant glass/metal straw like degenerates, going around doing degenerate stuff. And if they're not they're going to go make a huge mess where ever they're at and spout magazine knowledge like it's authoritative... I just can't imagine anything good.
63  Other / Off-topic / Re: What is the most dangerous virus now? on: July 30, 2017, 04:46:21 PM
Feminism.
64  Other / Off-topic / Re: Do you like to play in a casino? on: July 30, 2017, 06:11:40 AM
Any casino that is satellite linked with others is a waste of time. It's no fun putting hundreds in and not even winning $1. The only ones worth a darn at local little casino corners in bars and such. The have to pay out by law periodically and sometimes you can tell they're trying to give you money... that is awesome when that happens because you might be pulling out $1k+ that night. Machines that want to pay its often around $140-170 and sometimes $600~ if they really needed to pay. Keno, btw, is what I like.
65  Other / Meta / Re: How to increase Activity? on: July 30, 2017, 06:03:52 AM
Right... similar boat. I know the website needs to protect itself some the masterfully large amount of crap that would otherwise rain down on it... but it's also probably the shittiest way of doing it from a user perspective.
66  Bitcoin / Project Development / Re: Are bitcoin casinos still popular? on: July 30, 2017, 05:45:46 AM
Nevada now allows companies using blockchain technology in their business to avoid paying taxes...can you imagine what this will do to blockchain/cryptocurrency and Las Vegas casinos??


Nothing, actually. Most taxes will still apply. The place where blockchain saves the casino money is in moving funds around. They still have to charge tax on anything in the purview of the state, such as sales tax. This is an interesting idea though, because for a casino there might be some middle men that wouldn't be necessary.
67  Alternate cryptocurrencies / Altcoin Discussion / Re: Why do you invest in ICOs? on: July 30, 2017, 02:58:57 AM
Because I'll do whatever the hell I want with my money. Because of no faith in stock markets. Because I can get in for the price of a single trade in a stock market. Because it's interesting and new. Because it shows support for all these interesting.

Why DON'T you?
68  Alternate cryptocurrencies / Altcoin Discussion / Re: Scary ICO Bandwagon on: July 30, 2017, 02:03:01 AM
Who cares?HuhHuhHuh?

If people want to spend their money on that stuff, let them. If it fails who cares... it's just as risky in the stock market except you can't go do it on your own.

ICO = autonomy of money.

If ICO's were any real kind of problem, gambling at casinos and anywhere would be shut the down. The only direction this goes is laws against being an idiot... aka no autonomy because people are too damn stupid to decided what to do with their money... AKA on the roadmap to communism.
69  Other / Off-topic / Re: Should I Go To College ??? on: July 29, 2017, 11:18:15 PM
Go to college if someone pays for it, you know what you are doing and it absolutely requires a degree.

Skip / hold off if you don't know what you want to be beyond all shadow of a doubt, if you have to get loans, and especially if you could acquire work experience instead of debt.
70  Bitcoin / Press / Re: [2017-07-27]Mt.Gox Hack + BTC-e: The Biggest Money Laundering Scheme in Bitcoin on: July 29, 2017, 09:11:31 PM
Sad. And too bad normies can't understand the difference between this and Crypto's themselves.
71  Bitcoin / Press / Re: [2017-07-29]Bitcoin is Trading at Extreme Premium in Stock Market on: July 29, 2017, 08:55:33 PM
What happens when they say, "ok send it to me address, I'd like to have my owned coins" ?
72  Bitcoin / Legal / Re: Bitcoin is ...nothing,acording to my country`s laws. on: July 29, 2017, 08:30:23 PM
Lucky you.

If you convert to fiat, pay regular income tax on that.

Done.
73  Bitcoin / Legal / Re: About the legal situation of selling stuff with BTC on: July 27, 2017, 06:18:11 PM
The answer is simple. (if you're in the USA, and probably the same in many places)

When someone buys from you, you treat it like any other transaction. This means if it's online you can treat it like the state does: for out of state with no agreement there is no tax, with agreement there is tax, and within state online only tax if there is sales tax in the state. So you can set the tax at whatever an approximate USD value is at, that the customer pays. How you turn this into fiat that you surrender to the state is up to you - I sure as hell would pay it.

Why like that? Because the physical products are in the purview of the state. You see, there is the expectation of the amount of money spent to make your existence and utility of public things like business license, road, etc, to be paid with by taxes.

Here is where you don't pay taxes, on the BTC as income. There certainly is some pressure to get people to think they should, but it makes no sense. Until you convert that BTC to fiat then it's out of the purview of the state/fed. They can tell you otherwise but the only legal thing they really hold over you as far as I know is the limitation of business to people on the "black list" that no US citizen/corp can do business with in no respect to what that business is or the currency/property/IP. I wouldn't be surprised however if some people are brought to litigation since the expectation of defense is low when you're fighting the gov; it'll be a question of how long it takes to fundamentally get thrown out as BS in a court level high enough to count.

I'm not saying it's impossible for someone to pursue income tax/property tax for your BTC, I'm saying it's wrong and illegal. It would be like taxing a citizen of Mexico because they look at the USA with binoculars from their home near the border and otherwise have no interaction. Taxation online is a decent example of a way to look at BTC taxation. Seeking taxes across borders is too complicated, but also it's a loss of property in the purview of the state that is no longer responsible for so the point of seeking for the selling state is weak. Well, BTC isn't in the purview and until it leave it's own global decentralized realm to become fiat (ok, it doesn't "transformer" but your ownership of something does) it shouldn't be something to be concerned with. Think about it like this as well, banks are regulated and FDIC insured, BTC isn't, so you're saving the government money pre-conversion.
74  Bitcoin / Bitcoin Discussion / Re: Recovering BTC? on: July 27, 2017, 05:51:29 PM
Recover from where? If you mean Coinbase, probably.

If it is just a wallet and you don't know where the private key is.... no. But we need details.

This is why it's entirely out of the purview for taxation (despite claims) prior to conversion to fiat. No one can ever help you whether it was $10 or $10b.
75  Bitcoin / Legal / Re: What Does the SEC Report Imply for the Crypto Community? on: July 27, 2017, 12:12:51 AM
The SEC of all things probably just wants people to NOT CONTACT THEM over ICO's. It's like they've made a public warning that they will consider action if turd monkeys start barking up their tree and costing them money.

The reason for security laws doesn't hardly apply to the DAO. Frankly no one, despite the white paper, could take the credibility of the DAO to be at a level where people would carelessly over-extend themselves in participation. Now if Goldman Sachs ran the DAO or something like that as their "latest product" and it failed massively... you can only imagine how much the application of the 1933 law would be reality. They have long standing trust as an entity that people would literally burden or ruin themselves on their promises.

Frankly the SEC can't do much of anything about ICO's. The reason is that ICO vulnerability is what is in question. The SEC can't "regulate" "safe" ICO websites and contracts that have been the entire focus of questionableness and attacks. In no way shape or form can they do anything but tell people not to participate, or shut down US based launches while kindly asking non-US based launches to not let US citizens participate - all of which have work-arounds. They aren't around to return money to people based on bad investments, for what possible reason could someone actually think they'd be able to return cryptocurrency to people? WHAT? That's legit insanity to have a presumption like that. The SEC doesn't even want to offer a shoulder to cry on.

Besides the SEC and regulations are antithetical to the concept of cryptocurrencies. Think about it, the first iteration of why they should exist is to stop double spending. Why would they not continue down a similar path of being free from regulation with similarly minded concepts? We're already moving there as the tech evolves. Look forward to digital security, peer regulation, not the SEC jumping into a global issue. Imagine the challenge for the SEC to fund a cryptocurrency division...

76  Bitcoin / Legal / Re: Why do you all seem to just forget exit scams and heists happend days after?? on: July 26, 2017, 11:56:47 PM
Compared to fiat, every 6 months is like cause for champagne. Security improves at a rapid rate, so much so that people can't even finish their exploits.

Traders are exploiting the trends. They only need a couple idiots to believe everyone else believes there is an issue. And once they've bought your HODL for cheap, the FUD stops.
77  Bitcoin / Legal / Re: Cryptocurrency regulation? on: July 23, 2017, 05:49:39 PM
It is already regulated by peers.
78  Economy / Goods / Re: Need some Crypto T-shirts? Support me advocating cryptos on: July 23, 2017, 12:22:10 AM
If anyone is wondering why I didn't print them, one I'm hodling, two I don't have the extra time to become a T-shirt company and do advocacy work on top of regular work. If I can figure a way to make them crypto-payable with the amazing ease of Zazzle, I will.
79  Bitcoin / Legal / Re: Cryptocurrency regulation? on: July 22, 2017, 11:44:02 PM
They will not replace fiat. There are many reasons.

But they will become the backbone of financial structure.

As far as regulation, it's nonsensical for the most part. First it's decentralized all over the world. It is peer regulated. Nearly every possible application of existing laws is for reasons that cryptos are immune to. The point of conversion is from fiat to crypto where regulation needs apply again. The other case is when cryptos are used in exchange for goods and services under the purview of a government - up until that time they are not no matter what lies Coin Center and know-it-all officials claim.

Consider this, once you have cryptos in a peer regulated system being used for liquidity of funds the government no longer needs to spend time and resources on them since they're immutable and essentially 51% attack impossible. That's ONE reason they aren't in the tax & regulation jurisdiction. (although illegally right now people claim they are)

maybe not replace fiat but they can lvie together side by side with any fiat currency just look at japan they have both their local currency and bitcoin living together with the same importance

i think yes altcoin need to be regulated if you want real adoption, otherwise many shop will simply not accept it,a nd it's the reason why amazon int he first palce is not accepting it


There's a fair chance that fiat will become digital, but replacement is another ball game of a privatized world most likely.

Altcoins don't need regulation. They are going to fizzle at least 4x faster than mobile app investments. I actually have a fun idea for them. What if when you go to buy coffee you can pay with something that has wallets for all your altcoin stuff. You basically set up rules of agreement. I want Doge coin to pay no more than 2x what it's worth and I want to use it first, up until X dollar amount; after that I want X coin to ____. And the coffee shop can accept/deny any that it wants to as well, while also setting a general rule for conversion rate. For example I'm the coffee shop and I want 3x what the Doge coin value is or I'm not taking it, you get a message that says "insufficient funds: no transaction/use litecoin" or whatever... That way you can literally use altcoin for those willing to play games with them. Just a thought to have liquid assets.

As far as tokens go we need PEER REGULATION on them. For example I'm Bancor 2.0 and don't want to fudge up an ICO. I submit tokens pre-sale to multiple websites for review of the smart contracts. Those website can rank and review the code. I imagine some website would be public ranking, and others by pros, etc... if I don't do this no one will join my ICO because I'm sleazy and afraid to show my smart contract. Aside from that people have access to a gazillion times more information that they did in the 1920's so if they make bad investments now it's no one else's problems. There's always a sad story. We let people walk into casino's with their mortgages in hand, why not a chance at a legit business?

80  Economy / Economics / Re: Do You Think Bitcoin Will Replace Dollar Soon? on: July 20, 2017, 11:07:22 PM
The answer is when all functions of government become privatized and for hire/contract only status, without any oversight. AKA we won't live to see it.
Pages: « 1 2 3 [4] 5 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!