I hope regulators will be open to your position. If I find a diamond ring, no matter what I call it, I owe taxes in the USA. Crazy as that sounds.
I fully appreciate that. I think the key point to take away from this is that you can't successfully tax or regulate a concept. I'm sure you can try (war on terror/poverty/etc...). Could you tax/regulate happiness or anger? How about forgiveness or greed? If not, then why do you think governments can regulate memory? Do they tax or regulate other forms of computer based memory? How's that working out for them? (think mp3/movies/applications) True. can it be done? Is another question. Hell, billions of $USD are laundered and used by criminals each year, and that using existing banking with money they have complete control over.
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The way I look at it is like this...
I think bitcoin will help address tax inequity as well. For example, the money I make from working hard is taxed at about 35%. The money I make sitting on my butt watching bitcoin prices rise (capitol gains) is taxed at 20%. Capitol gains has traditionally been a rich guys wages. We are taking that back!
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I would be very wary of "investing" in a virtual currency. It should be the highest risk asset in your portfolio. And you should expect to loose your money. I am talking about bitcoin here. Alt-coins are far less likely to do anything but die. Some have been real attempts, but overwhelmingly they are worthless fun projects.
Try instead using bitcoins as a currency. Then you will understand their power.
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This thread in the newbie section is checked frequently by bitinstant staff. https://bitcointalk.org/index.php?topic=128314.0They should be able to help you. It will help if you have all the identifying transaction numbers, or whatever they call them? Hopefully you are using your real identity. Lying on those forms is a crime and may flag the transaction. I would not worry. It happens sometimes that things get backed up. I don't think I have ever seen it not work out in thew end. Thank you very much Your welcome. Oh, and welcome. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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cool. I just no evidence of measures that invasive. Although, who knows what the future holds?
Totally man - nobody knows and that is why people are getting the jitters. Understandable. We have all seen the government in the U.S. go crazy with regulation at times. But people are working hard for bitcoin right now to guide and educate lawmakers. Compared to the press BTC was getting last year, it is not such a hard sell. Financial regulators are just people. People interested in money! If they do not feel threatened or insulted, they may become bitcoin fans. Money geeks tend to like BTC once they understand it.
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This thread in the newbie section is checked frequently by bitinstant staff. https://bitcointalk.org/index.php?topic=128314.0They should be able to help you. It will help if you have all the identifying transaction numbers, or whatever they call them? Hopefully you are using your real identity. Lying on those forms is a crime and may flag the transaction. I would not worry. It happens sometimes that things get backed up. I don't think I have ever seen it not work out in thew end.
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how could bitcoin be regulated? sounds as ridiculous as "regulate bittorrent".
when people say "regulate bitcoin" what they really mean is "regulate exchanges" right?
No - for some reason they are want to involve state regulation at the development level as Gavin was involved. What they will want is every Wallet registered to a person / address - the ability to cease accounts, funds trace every transaction. Basically they want to copy the current banking system because that worked so well and foist it upon us. Can you quote me a source? I have never seen any regulatory body mention that. What has been stated is regulation of exchanges. Which is regulation of fiat currency. Just as you are required to pay a tax on any profit made from selling anything. (U.S. citizens) It was in one of the posts on this thread have a read through. No one was disputing that exchanges are fully under the control of the State if they are exchanging for FIAT. That is not what this thread was about. No regulatory body has mentioned it - it is a discussion we are having. cool. I just no evidence of measures that invasive. Although, who knows what the future holds?
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Because we don't like new accounts showing up and posting profanity. Do you have a tech support question?
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I guess I see what he is saying. But it should be titled "Most stupid people are unaware or in deep denial"
So.... yeah, we all know that, right?
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how could bitcoin be regulated? sounds as ridiculous as "regulate bittorrent".
when people say "regulate bitcoin" what they really mean is "regulate exchanges" right?
No - for some reason they are want to involve state regulation at the development level as Gavin was involved. What they will want is every Wallet registered to a person / address - the ability to cease accounts, funds trace every transaction. Basically they want to copy the current banking system because that worked so well and foist it upon us. Can you quote me a source? I have never seen any regulatory body mention that. What has been stated is regulation of exchanges. Which is regulation of fiat currency. Just as you are required to pay a tax on any profit made from selling anything. (U.S. citizens)
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I'm going to guess that it's a formula that theymos will tell us about later.
Edit: I'm winning so far with 532
Ha, I'm a super active MF! Whatever that means ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
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It is a pleasure to meet you as well, fellow peer. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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I hope regulators will be open to your position. If I find a diamond ring, no matter what I call it, I owe taxes in the USA. Crazy as that sounds.
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been using these guys for almost 6months now..
they are honest and reputable...
Nor have I ever had a problem. Talking with some of the people involved I learned that many of the people who complain about delays have used false information in the transaction. They try fake names in a child-like attempt to remain hidden. Of course, sometimes bitinstant just screws up. It happens, but that does not mean they are "scamming" you.
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I have taken to saying hello to the NSA when calling my friends overseas. ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) Did the NSA ever say hello back to you? No. ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) They are kinda being a dick about it. lol
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Outraged by the OBAMA administration's PRISM ? YES I AM !
You mean George Bush, right? Because PRIZM was started by George Bush, not Obama. OBAMA reinstated it. That is a fair criticism. But just too be clear, this was started as part of George Bush's illegal war on terror. Not surprisingly it's victims turnout to be the American people.
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US GOV is trying to destabalize Bitcoin.
![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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The banks that we are required to use now are known to be involved in all manor of criminal activity. They launder money, cheat their customers and the government. That is a FACT. If bitcoins were to be made illegal under the pretext that it will protect us from terror or criminals, then I would continue to use them anyway.
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Outraged by the OBAMA administration's PRISM ? YES I AM !
You mean George Bush, right? Because PRIZM was started by George Bush, not Obama.
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