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Don't be silly. These are the people that are making your Bitcoins worth something.
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I'm no advisor, but, seems like the price stability points to people who have been holding coins more or less dormant are starting to sell. Might take a while for things to move up again.
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I tell them I don't need to worry about money until after residency. And if bitcoin really takes off, maybe several dozen more years after that.
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Lol. Great analogy. No, they shouldn't diversify in pacman pellets. Our pellets are risky. They should dabble in pellets like most of the rest of us.
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Don't listen to people in this thread. When Casascius released his first version of his coins, he had a typo, and people who contribute nothing to the advancement of Bitcoin were really harsh. Screw the freeloaders. Give it a go. See what happens.
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Paying taxes on bitcoin is likely to raise flags. Once they know what you're involved with Bitcoin, they're gonna presume you're underreporting and audit you.
What? You don't even have to specify exactly what the gain was from. Just put "Services Rendered" on the Schedule D. Also, if you can't even cite a single instance of this happening, you're just a total FUDmaster here. Of course no one can cite an instance of audit caused by suspicious IRS filings related to Bitcoin. I should have said (for the statistically impaired): I strongly suspect that anyone who writes "Bitcoin trading" on their tax return is going to markedly increase their odds of being audited. |
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I'm in OP! Go for it! I should bring back my iOS program for monitoring Bitcoin addresses. With the btc price increases, I can afford it now.
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Paying taxes on bitcoin is likely to raise flags. Once they know what you're involved with Bitcoin, they're gonna presume you're underreporting and audit you.
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I think I would file this under "duh," and I'm not sure it's worthy of a thread on the main discussion. I think an appropriate time to wait for a response from Mike would have been 1 month.
Poor form aside, do recognize that it is not trivial to counterfeit these. But, like anything, of course it could be counterfeit. I'm not aware of these generally circulating though. They're more of portable piggy banks to be used amongst trusted parties.
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No. While clever, there is no new science in Bitcoin. He just put well tested ideas together.
All inventors do that. The inventor of the car didn't invent the wheel as well. He just put a chariot and an engine together. Yes. That's why inventors don't get Nobel prizes  It's a prize for science, not assembly. |
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No. While clever, there is no new science in Bitcoin. He just put well tested ideas together.
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No banks, thank you. They are not needed anyways!!!
Why not? Currently, banks are a necessity. But if all the transaction power is given to the people, banks will became what they should have been in the first place: A service. Mainly for people who are willing to pay a small fraction of money to have their other money kept in safety. Let's face it, being your own bank is risky why is being your own bank risky? Can you not take care of your own finances? Sorry I dont understand you point. Many computers get infected with malware. Most computers don't have cash that you can make a copy of either though. It doesn't take much thought or effort to find examples of decidedly not dumb people losing Bitcoin. Bitcoin will redefine "bank," not eliminate them. |
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One thing that concerns me is the portrail of bitcoin in the form of coins. With respect to all the producers of bitcoin coin images. I feel that they tend to look a bit amateurish and with the influx of lots of new people who may be easily visually swayed, may cause some people concern.
So make something yourself, or pay to have made, a graphic that is higher quality and more professional than this:  ZOMG That pic is soooo cute!!!!1!! I think that's about all we will get if we keep ourselves in the mentality of DIY instead of finding someone awesome and compensating them for giving it their all. |
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50k is an insane amount of money for a logo, offer 500 on 99 designs and see where that gets you
My point exactly. I'm sure Coca-Cola did the same thing. |
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As a designer, I'd say that is the problem with all design and not just bitcoins.
On one hand, there are skilled artisans who can create well formed and intentional brands.
On the other hand, you have Do-it-yourself movements where technology empowers anyone to do anything they want and still output a result that only a few years ago would have been prohibitively expensive or technologically impossible.
Desktop publishing made anyone with a computer a designer. Print on demand made anyone a publisher. Cheap audio hardware gives everyone access to quality that would have been unattanable only a few years ago. Digital photography put photography in everyone's hands for cheap. To follow that pattern, bitcoins makes anyone a financial institution?
Say right now I, or someone else with design skills, were to create a set of brand standards and design templates for bitcoin. That removes a lot of the DIY as now someone who can't follow those standards should essentially hire a designer who could match the standards or else their product doesn't "look correct" or even "unreputable/shady."
If the point of bitcoins is to resist a centralized authority, the concept of a single brand standard is against that.
We have a big DIY culture here...but few truly skilled at design. $50k for a logo (and fonts) is not crazy. Back when we tried raising funds for a Bitcoin logo, the roughly 40 BTC bounty didn't get us very far. https://bitcointalk.org/index.php?topic=91068.0This was IMHO the best idea: https://bitcointalk.org/index.php?topic=91068.msg1063106#msg1063106There was lots of this kind of stuff: https://bitcointalk.org/index.php?topic=91068.msg1069054#msg1069054 |
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Backed by the state = the state can take it away whenever they want.
Backed by the banks = the banks can take it away whenever they want.
That's all you need to know.
+1 This is a great response.... It is best to emphasize this idea...Bitcoin is backed by the only person who can take yours away: you. |
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Needs a flag: I made this today: http://bitflag.orgLet me know if there any other designs out there The most amazing thing is not the flag (no, it is definitely not), but that bitflag.org exists. Maybe you should erase that flag and instead put up an email address or an online vote system where the most talented bitcoin designers would submit to you the flag of the day. Maybe only people from bitcointalk.org would be able to post to bitflag.org to make sure things get a little bit tunneled? [/quote] That'd be a great idea. Do a contest and let's decide on a "official" bitcoin flag. [/quote] I think it's great that people are thinking about a flag. I hope someday we get one...also hope we someday get a logo that doesn't suck so much. We need a graphic artist to overhaul everything Bitcoin so we can stop looking like little school children with a papier mâché volcano. |
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Reported and ignored. Thx Maria.
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