Let's say I'm making a 10 BTC purchase. I have some USD and buy 20 BTC when it's at $89. The BTC price goes up to $116. I then make the 10BTC purchase and sell the other 10BTC at $116.
This means I started out with $1780 and ended up with $1160. Or, if I didn't make the purchase and sold my BTC, I could have ended up with $2320.
So, did I spend $620 (1780 - 1160) on the purchase or did I spend $1160 (2320 - 1160)?
I think I understand you now. Leys sau you took all the cash from your pocket and spent $1780 on 20 coins($89/coin), waited, and then sold 10 coins at $116/coin and put that money in your pocket. You're wondering how much money is in your pocket now compared to when you started, right? You have $1160 in your pocket now. You used to have $620 more than that in your pocket. Equivalently, you could look at it as having bought 10 Bitcoins at $62. The 20% capital gains would be on 270 bucks, or a whopping $54 tax bill.
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"Udemy would like to access your public profile, friend list, email address, birthday, work history, education history, interests, current city, personal description, likes and your friends' interests, personal descriptions and likes." In addition they want to post to any friends. Are you sure that is all you need?
It needs none of that. But, if you're lazy, that's the easiest thing to do. It's what I did. I'm lazy.
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I think it's a terrible investment. Real businesses don't take your money until they ship. Anything else is unwise.
That said, if you get your ASIC by July (read October) many others will have theirs before you, making it not worth it.
Oh, the title of your thread is rather perplexing. It makes no sense.
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Bingo. It's kinda the most important part...and I don't understand why so many "words" (commands) are needed...
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Definitely worth the $10 you were initially charging, judging from watching about 45 minutes of a few lectures. Great intro. Appropriate depth. Strong work.
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The blockchain.info app for iPhone is your only choice (non-jailbreak). There used to be a full node app, but Apple took it away.
I believe a copy of your money is stored both on the device and on the web, but, nobody has an unencrypted copy, not even on your phone. It's as secure as you're gonna get. They offer two-factor authentication for their web site too. It's not security perfection, but, it's good enough for me. I've used blockchain.infomon and off for a while. I've trusted them with 100-200 bitcoins or so with no issues.
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Bitaddress.org works for me ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Your skills are pretty cool! Neat secure EMP safe DIY solution.
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If I understand it correctly, you bought and sold 10 BTC simultaneously at $116. Hence, you did nothing other than realize a profit (taxable event just about anywhere). I guess I'm not clear on your purchases and sells.
You would pay tax on the 10 btc x (116-89)
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Clever idea. Good luck.
I'm still unclear how scripting works...perhaps the anatomy of a transaction in script would be helpful...
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Sounds like you just create a taxable event, but don't have anything left to cover your tax obligation.
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Oh. You're right. PM me your address.
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That is an inflation rate of 50% per year at 1 year.
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eyll While I do not know anything aboutybe it, I am sure that Apple/Google will find a way to make anything like that illegal.
Or at least profitable ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Who knows, maybe they'll ask you to use an address they control. ..and they'll pass along the remainder. The accounting would be transparent at least (unlike the current system where ya gotta trust their numbers).
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I just ordered one of the java rings. I like the nostalgia. I've gotta get my hands on a reader now! I'd love to hack it to type my password...I should be presenting a hardware & software hack / kludge I made to turn an iPhone in to a dictaphone and pointing device for radiologists at the RSNA.org 2013 meeting (abstract submitted). How cool would it be to incorporate the ring in authentication?
Anyhow, Mike's ideas clearly have legs. Physical implementation of encrypted communication seems so natural and so obvious, how could it not happen? Why shouldn't it start (anew) with us?
I'm slightly handy with a soldering gun, arduino, teensy, java, c, obj c, etc (but crypto unskilled, despite my training in math)...And I've got more money now than a radiology resident ever has. I'm game.
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Wow...even in translation his thoughts are very lucid and very insightful. The comment on Bitcoin likely to cause a constraining of credit growth is something I hadn't thought about, but, I think in 10 years, we might all find out he was spot on. Time for me to read up on this guy... In case anyone is interested, he wrote a series of books ( http://en.wikipedia.org/wiki/Currency_Wars). These are controversial but suggest private influence in governmental financial policies. No wiki article on the man himself though.
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IT still has a LOOOOOOOONG way to go ... If we say there are 10,000 words and a password will be 4 words...that is 1E16 combinations. If we have 26 uppercase, 26 lower case, 10 numbers and 10 symbols, then a 9 char passwords has 72^9= 5E16 combinations. So, a good 9 char password (really hard to memorize) is as decent a password as a 4 word pass phrase. That sound right?
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Screwing with the IRS is akin to taking a gun to your head. The IRS doesn't recognize Bitcoin as money. Yet. Righ. So it's not clear to me that only paying a 20% capital gains tax isn't still tax fraud. I mean, if I sold my old gym shoes for $10000, would I pay capital gains on that or regular income tax (which could be much more or much less)?
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Lindsay has yet to categorically deny that Bitcoins and Satoshi are under direct alien control. Why is that?
+1000. But that's not the official response from the foundation of which I am a member.
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Thanks, fully agree. Also, in retrospect, the guy acting as the foundation is just a member.. I don't think he should behave like he has any authority in it. He's not representative at all.
Yup, just a member...states so very clearly in my avatar. Sorry you missed it. But, I am a member that thinks asking certain questions that are intrinsically silly can be ill intentioned and do not deserve a reply. For example, a question like "I heard you enjoy doing {insert universally disdainful act}, is that true?" I don't think that's worth a spot on the agenda.
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Wow the arrogance/anger in all these replies is staggering. I wonder why? Isn't it a simple question to ask, if the foundation will protect the core essence of bitcoin?
Yes. Duh. Next.
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