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61  Other / Beginners & Help / Re: All 6990s are soldout in every country of the world? on: July 22, 2011, 05:58:23 AM
hmmm... and you're surprised by that?

http://maps.google.com/maps?q=https://smsz.net/btcStats/bitcoin.kml

really?
62  Other / Politics & Society / Re: The Biggest Gun Wins? on: July 22, 2011, 05:55:03 AM
Yes, you're right. It's so much better to be forced to pay for armies to fight in OTHER people's streets.

it is, y'know...
63  Economy / Speculation / Re: Hold on to your seats. on: July 22, 2011, 05:39:49 AM
I've been holding my seat for a week now.  Can I let go yet?

Oh, and my power is .046 + tax, or roughly 6 cents a kw/hr.  I'm not adding capacity because I really don't see even $130 5830s paying for themselves any time soon.  I'll possibly add at 2 million difficulty and $6 BTC.


Wait, what?  You don't want to add now, but you might add when the difficulty is higher and the price is lower?

hit the "MEMBERS" link, go back and read grod's posts, proudhon.  all of them.  seriously.
64  Bitcoin / Bitcoin Discussion / Re: long term investment value? on: July 22, 2011, 05:34:06 AM
Quote
So how good of a long term investment in BTC be and how long term are we talking?

we'll have a pretty good idea by the end of the year, and we'll probably know close to sure by the end of 2012.

in the meantime; it's pretty handy stuff, Bitcoin.  i'm becoming quite enamored of using it to buy stuff.
65  Bitcoin / Bitcoin Discussion / Re: Dwolla growth email - success and relation to Bitcoin? on: July 22, 2011, 05:21:09 AM
what kind of a business thinks its majority income is a touchy subject?

One where the majority of their business exists simply to facilitate a competitor.

maybe not exactly, error:

Quote
Dwolla’s CEO Ben Milne (@bpmilne) was interviewed by Silicon Prarie News and in the video of that interview he shares his belief that the products coming out of Dwolla will, in five to ten years, be part of everyone’s daily life.  Referring to the next product Dwolla will release he says “I think noone sees this one coming.”

[emphasis mine]

http://www.bitcoinmoney.com/post/7895143775/dwolla-milestone-one-million-a-day

what if dwolla didn't compete?  what if they... oh, i dunno... facilitated?  merged?  bet on Bitcoin in a big way?  i mean, they know where their money's coming from, right?

it's a very interesting quote.
66  Bitcoin / Bitcoin Discussion / Re: TurboTax advertises Bitcoin as a tax dodge! on: July 22, 2011, 04:40:12 AM
there just ain't no telling, boys and girls.

asset?  investment?  currency?

we're just going to have to wait until the lawyers hash it out.  it's a tough one - could take years.

in the meantime; make hay while the sun shines.

...and get the ability to verifiably spend specific coins into the client.
67  Bitcoin / Bitcoin Discussion / Re: TurboTax advertises Bitcoin as a tax dodge! on: July 21, 2011, 05:40:27 PM
Same in most parts of europe.

...

So, I sell some, to pay and expand, and keep some fo which I dont pay income tax until I sell them and get "real" currencyl.

Real and not currency totally in the definition of the law here Wink

yes.  if you keep them they're not taxable, but if you sell them for the currency of your country, they are.

Are you sure?  The IRS pages linked above suggest that merely receiving bitcoins would count as barter income and so is taxable at its market exchange rate to dollars Sad

no, i'm not sure.  but that appears to be the consensus here, among those who claim (such claims taken with the appropriate number of salt grains) to have had tax-preparer advice and filed that way.

i can't really say i believe any of the info that's out there right now - including that info from the IRS, who have not exactly been stellar, even when it comes to interpreting their own rules.

i think that, realistically, we'll just have to wait for some poor slob to get taken to court.  just hope it isn't you or i.
68  Other / Beginners & Help / Re: Bitcoin Mining Rig hidden in drop ceiling of office on: July 21, 2011, 04:50:43 PM
so you're sticking 2000 watts of heater in the ten-inch plenum of a cheaply-built office building in which you clearly (from the pics) do not occupy the top floor?

and the people in the office above you - which is an office, as floor plans are predictable - won't notice this and get freaked about it... why?

never mind the heat required to spontaneously combust any number of things in the plenum that you'll be heating to 85 C - like the various adhesives, and the wood itself after the fire-retardant chemicals it's infused with evaporate.

holy mother of god.

congratulations on winning the first ever time-shifted Darwin Award...
69  Other / Politics & Society / Re: Democrats & Debt on: July 21, 2011, 04:24:36 PM
wow.  just wow.
70  Bitcoin / Bitcoin Discussion / Re: TurboTax advertises Bitcoin as a tax dodge! on: July 21, 2011, 03:48:21 PM
Same in most parts of europe.

BTC are not money legally Wink So...

...I operate a mining farm, all expenses are expenses Wink Nice. Recudeds my tax income.
...all sold BTC are income. Good. I need some - dont wan to run at a loss Wink

...all KEPT btc are inventory - and unless I get really large otherwise, this is not reported, as I report profit/loss, not goods are hand Wink

So, I sell some, to pay and expand, and keep some fo which I dont pay income tax until I sell them and get "real" currencyl.

Real and not currency totally in the definition of the law here Wink

yes.  if you keep them they're not taxable, but if you sell them for the currency of your country, they are.  turbotax didn't make this even slightly clear with their little infographic.

the real question is how is income from selling them taxed?  long- or short-term capital gain?  which is why i think the client needs to be able to send specific coins - so those bitcoin which were mined more recently, and have a higher cost of production [for miners], can be exchanged.

if Bitcoin are taxed as hobby income (in the US - a pleasant and peculiar tax designation...), what can be offset?

in any case, it's remarkable to see an entity like turbotax deal with Bitcoin - it'll do us good.  i doubt the information they're putting out about it will remain unchanged, however.
71  Bitcoin / Bitcoin Discussion / Re: Bitcoin and inherent value on: July 21, 2011, 08:12:28 AM
everything is pegged to something else.  all that really matters is how you, personally, manipulate exchange rates in your own head.

me, i look at everything in terms of how many loaves of bread it'll get me.  a nifty trick my dad taught me - it's gotten me around the world a couple of times without a hitch.
72  Other / Meta / Re: Bitcoin.org page -> someone with rights please fix on: July 21, 2011, 06:25:41 AM

After looking at that URL, my question remains unanswered.  One must assume it is not available for download, which implies programmers would need to create one from scratch -- a decidedly non-trivial task that could take months to complete.

Not a realistic answer, unless you are volunteering a team of programmers, or paying a bounty or something?


i'm a network designer, not a programmer - but it doesn't appear that complicated.

you have already tried out giving users the ability to uprate and downrate comments - so that exists in the forum software, yes?  the only thing that needs to be changed there is limiting those who can downrate a comment to users who have attained 'trusted user' status, by gaining sufficient uprates from other users.  anybody can uprate a comment, but only trusted users can downrate one.

and the moderators already have the ability to hide/delete comments.  the change needed there is to make hiding/deleting automatic, after some pre-determined number of downrates by trusted users.

those two things are all that's needed for the community to essentially police itself - and they will.

the rest is gilding the lily:  limiting the number of downrates a TU can issue in a day, or requiring a steady posting/uprate history to maintain TU status if it seems appropriate.

and then the mods can pretty much limit their attention and responses to illegal (as you point out) content, etc., by concentrating on looking at the origin posts of threads, and stolen or obscene posted material which doesn't get downrated.

i guess all i can say is - it works.

EDIT...

* sigh * but maybe not here.  i've been trying to do some more objective reading.

perhaps the project is better served by removing everything but tech, merchant lists, and how-to's, from forum.bitcoin,org.  it is, as has been noted on the SourceForge archive, pretty much a political cesspool.

it'd be nice to save it, if possible...

< shrug >  ...but i'm glad it's not my call.
73  Bitcoin / Bitcoin Discussion / Re: Products or Services You Would MOST Desire to Acquire with Bitcoins? on: July 21, 2011, 02:39:18 AM
I'd like to pay my taxes with bitcoins.

mmmph.

you are one snarky son of a gun...
74  Bitcoin / Bitcoin Discussion / Re: Products or Services You Would MOST Desire to Acquire with Bitcoins? on: July 21, 2011, 02:28:39 AM
levi 501s.

sneakers.

booze.

not online.  a meza grill in every city...
75  Bitcoin / Bitcoin Discussion / Re: Skeptics of financial system push Bitcoin as alternative online currency on: July 21, 2011, 02:10:17 AM
good article.

fairly well-balanced, and obviously decently researched.  i liked the clear differentiation between the client and the exchanges, when discussing hacks and risk.  the choice of Antweiler as the obligatory skeptic seemed a bit off though - a WWII currency and population statistics geek?

eh.

definitely worth the read.  thanks for posting this.
76  Other / Meta / Re: Bitcoin.org page -> someone with rights please fix on: July 21, 2011, 02:05:26 AM

URL to DailyKos-like software for download?


they've rolled their own moderation system.

try the FAQ section:

http://www.dkosopedia.com/wiki/DailyKos_FAQ

read 5.4 through 5.5.7

in practice it works unbelievably well.  i've been on DK for many years (along with many other sites), and i've never encountered a system as effective, as just, and as well-integrated to the needs of what is one of the heaviest-trolled sites on the 'net.

i'd venture to say that, with some tweaks (all forums are different), the Bitcoin forums could be 95% troll-free in two or three weeks - and you could cut the number of mods, and the time they spend modding, in half.
77  Other / Meta / Re: Bitcoin.org page -> someone with rights please fix on: July 21, 2011, 01:32:59 AM
The google link on the bitcoin.org homepage is/was my idea.

"The One True Forums" for bitcoin doesn't make sense to me-- the whole point of bitcoin is to be decentralized. I sincerely believe that open and free competition makes everything better, and I hope that more places to discuss bitcoin pop up and compete to be the best.

In the future, I'd like most of the links on the bitcoin.org home page to be google searches, including the "download bitcoin" links (I think we'll see some great new bitcoin clients released over the next six months or so).


sorry Gavin - this is a terrible idea.

yes:  "the whole point of bitcoin is to be decentralized."  agreed.

but the point of effective dissemination of information is centralization.  that's why there are books.  libraries.  and the informational requirements to grow the project are a completely different animal than the project itself.  surely you must agree with that?

when people want Bitcoin-related software, vendor information, best-practice information, etc., they need somewhere to go.  it needs to be stable and reliable.  and it needs to have both a high level of trust and a clear, strong link to the core of the project.

bitcoin.org is, and has been, all of those things.  and should rightfully remain so.

i understand that the forums are somewhat... embarrassing, at times.  but it's pretty easy to fix - and would require much less hands-on moderation than you are currently committing to. 

and it certainly would not require shattering the informational cohesion of the project, as this google link does.

i've mentioned the brilliance of the self-moderating system at DailyKos before; and for a burgeoning community like this one, it would perform very well.  if you'd like to discuss it at length, i'd be happy to - PM me.  it would really not be terribly difficult to smooth the forums out - and have the users themselves do it for you.

give this some thought please.
78  Other / Off-topic / Re: ITT we discuss my post count on: July 21, 2011, 01:08:38 AM
1000 posts - yea baby!  Cool

Wot do i get for 2000 posts? Diety status?

you get an automatic iddqd invisibly apended to your user name in the user database.
79  Bitcoin / Bitcoin Discussion / Re: Time To Stop Mining? on: July 20, 2011, 09:54:07 PM
no.
80  Economy / Economics / Re: The Dichotomy Of a Bubble - Why Bitcoin Will Endure on: July 20, 2011, 09:32:31 PM
if you want to get Kurzweil to offer an opinion, ask him about the potential of the network - forget about Bitcoin:  he'll find them on the way.

it's the network that's more up his alley.  and it would - rightfully - fascinate him.

vladimir claims (probably correctly) that Bitcoin is a singularity.  he speaks of financial/economic singularities when he does.

but there are other kinds of singularity...
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