Bitcoin Forum
June 24, 2024, 07:10:02 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 [355] 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 ... 463 »
7081  Other / Beginners & Help / Re: US citizens, do you pay taxes on bitcoin exchange? on: April 06, 2012, 02:10:57 AM
Hi for those of you paying taxes on US capital gains tax, how much do you make per year with BTC?

One person said 15%, but 15% of what?

15% of whatever your capital gains were for the year.   So let's say I bought 100 BTC at $0.25 (100 X $0.25 = $25) in November 2010 and then did a stupid move like sell all 100 for $2.50 (100 X $2.50 = $250) in December 2011.  The capital gain on that long term investment then was $225 ($250 - $25).  The capital gains tax then, at a 15% rate, would be $33.75.

But I'm guessing you are not asking how to compute the capital gains tax but instead are asking for people to tell you the actual amount of capital gains tax that they paid.  For most people that is considered to be private information.  In some cultures it is considered rude to even ask.
7082  Bitcoin / Bitcoin Discussion / Re: [ANN] Paytunia Bitcoin wallet released today! on: April 06, 2012, 01:29:22 AM
I believe keeping keys private / locally is HUGE!

I had replied to another thread but that hasn't had any response there so I'm reposting it here as it applies to this thread as well (well, it applies to most every mobile app which can spend bitcoins):

What I am concerned with is "the Linode problem".  All these mobiles are managed devices.   They can be fully controlled by someone other than the owner of the device.  Yes, they are managed by the carrier but possibly that carrier has people that cannot be trusted or, just as bad, has people who don't maintain secure systems themselves such as what reportedly is what happened at Linode.

The importance is thiis.  An attack that defrauds M-Pesa's customers en mass means Safaricom figures out at some point that there's a problem, halts all affected systems to prevent further losses, and in the end eats some, most or all of the customer's losses.  A similar attack through the managed services of the mobile network to steal bitcoins from mobiles means just that the individual mobile user alone loses out.  Just like how Linode disavowed any responsibility to Slush, Bitcoinica, etc. for the tens of thousands of bitcoins lost, Safaricom would likely maintain the same position.

So, this is a fundamental question -- is the practice of storing bitcoin private keys on the mobile something that exposes it to too much risk to where it shouldn't even be considered?  i.e., bitcoin apps for mobile need to be under the same model that mobile banking (like M-Pesa) uses?
7083  Other / Beginners & Help / Re: Best way to buy bitcoins with paypal? on: April 06, 2012, 12:57:41 AM
Hey guys, im just wondering whats my best way to buy bitcoins with paypal. Do I have to convert paypal to another currency or what ?

Buy a little mini bit (about $0.50 worth, $1, worth or $2 worth):
 - http://minibits.weebly.com/buy.html

or buy a little bigger bit (either $5 worth or $10 worth) if you have a PayPal debit card  (or any credit card even):
 - http://www.blockchain.info/wallet

7084  Economy / Speculation / Re: Long weekend price game! on: April 05, 2012, 11:38:29 PM
Maybe it will jump like it did the previous Easter weekend?



 - http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2011-04-22zeg2011-04-24ztgSzm1g10zm2g25
7085  Bitcoin / Bitcoin Discussion / Re: The Royal Canadian Mint just announced a new alternative to BitCoin on: April 05, 2012, 11:09:39 PM

With MintChip there is no blockchain. There is no central ledger (centralized or decentralized).

Your money is not on the chip, the chip is just an account# and keys to spend. The balance is recorded in the central clearinghouse. The devices are just able to check that transactions are signed by the certificate authority without having to ask the clearinghouse themselves,

Well, there will be a ledger recording issuance and redemption I'm presuming, it just won't be real-time.

For instance, the broker will know which MintChip id the funds went to.  So the Mint's "centralized ledger" will probably show that.

After that, the broker doesn't and can't know if the funds have then been spent to another MintChip though.  Those transactions are from one MintChip to another MintChip and don't have to to be checked against a central ledger to see if the funds are good.  

Only when a person or merchant redeems the funds on its MintChip back to a broker (in exchange for fiat) does the trail of transactions become known to the broker or Mint.

So technically there is a centralized ledger, it just isn't complete with real-time information as to which MintChip has what funds.
7086  Other / Politics & Society / Re: U.S. CrowdFunding Bill Passes, CAPS Advisory Panel on: April 05, 2012, 10:28:41 PM
The Jumpstart Our Business Startups (JOBS) Act was today signed into law:



Summary here:
 - http://www.crowdsourcing.org/editorial/obama-crowdfunding-bill-signing-/13174

So, crowdfunding is now legal.  Awesome!!

On this news, I would like to announce my new startup. I am seeking investment from the public via crowdfunding!

Ooopsss ... upon reading the details I see that even with this law it would be illegal yet for me to solicit funding by myself:

Quote
it essentially forbids companies from crowdfunding their own offerings on their own websites – companies must go through an intermediary if they want to crowdfund, and those intermediaries must in turn be registered with the SEC.

So scratch that.  And the SEC won't have their part (establishing the rules for the intermediary brokers) done until 2013.

Quote
The JOBS Act also imposes substantial requirements on companies seeking to utilize the crowdfunding exemption. For starters, they have to file with the SEC, the intermediary, and all potential investors, a beefy disclosure document that will include, at a minimum:

(A) name, legal status, address, website, etc.

(B) names of directors, officers, and 20% stockholders

(C) “a description of the business of the issuer and the anticipated business plan of the issuer” – the devil is really in the details of this one, and it remains to be seen whether the SEC will require this “description” to be 4 pages or 40 in order to be sufficient

(D) prior year tax returns, plus financials – see below for details

(E) description of intended use of proceeds

(F) target offering amount, deadline, and regular progress updates through the life of the offering

(G) share price and methodology for determining the price

(H) a description of the ownership and capital structure of the issuer, including a lot of detail about the terms of the securities being sold, the terms of any other outstanding securities of the company, a summary of the differences between them, a host of disclosures about how the rights of shareholders can be limited, diluted or negatively impacted, “examples of methods for how such securities may be valued by the issuer in the future, including during subsequent corporate actions”, and a disclosure of various risks to investors

Unlike a Kickstarter, you can't just raise money for an idea.  There must be an actual legal entity, such as a corporation.  That's like $800 / year alone, in California.  I suppose setting up a corporate in Nevada or something similar is an alternative.

Quote
(E) crowdfunded securities cannot be transferred or resold for the first year after purchase, unless transferrred to the issuer, an accredited investor, as part of a registered offering, or to family members in some circumstances (i.e. death, divorce)

So much for free market valuation for what you've invested in, at least not for the first year.

Quote
When the dust settles, entrepreneurs and small business owners will have access to a revolutionary new method of raising capital, and ordinary Americans will be given the opportunity to invest in their friends, family, and favorite companies, and not just the behemoths offered by Wall Street.
[emphasis added]

That probably should have said: Americans will regain their right to invest in their friends, family and favorite companies.

Quote
Others can complain if they wish – we prefer to build.

Yup.  And nothing in there says the investment and/or dividends have to be made using dollars.  Hopefully the SEC doesn't screw it up.
7087  Other / Beginners & Help / Re: Bitcoin Casting on: April 05, 2012, 07:34:25 PM
some good ideas in there, the only problem being i can't cast glass and have no experience working with it at all.  

Even excluding the fancy glass enclosure I'ld bet having some kind of way to display a physical bitcoin as if it were a trophy would be interesting to some.

casting custom qr-codes

Ha, that's it!

For a bar or restaurant, create a drink coaster which has the bar's bitcoin address QR code.  Or, even better, each coaster has a unique address.   When you want another beer, scan the coaster and pay.  The bartender knows before your table server!

Or pay your dinner tab to it.  It's the bitcoin equivalent of Square's dongle thingy!



The private key could be used on Mt. Gox and the funds swept from that address into the exchange account as each payment arrives.
7088  Other / Beginners & Help / Re: BitLotto - Multiple Tickets with one payment on: April 05, 2012, 07:13:18 PM
Interesting that he ended up winning anyway.  So much for the concept of karma.   Grin

 - http://bitcointalk.org/index.php?topic=34007.msg836253#msg836253
7089  Other / Off-topic / Re: Would you buy my music? on: April 05, 2012, 06:48:21 PM
CoinDL could use more music offered for sale.

 - http://CoinDL.com
7090  Bitcoin / Bitcoin Discussion / Re: [ANN] Paytunia Bitcoin wallet released today! on: April 05, 2012, 06:19:36 PM
Could not send a payment:

> should not be smaller than 0.05 BTC

Can minimum amounts be eliminated?   If it is "spammy" then ask if I'll pay the fee for withdrawal, but I should have the option to send a 12 millibits payment (.012 BTC) if I want.
7091  Bitcoin / Bitcoin Discussion / Re: [ANN] Paytunia Bitcoin wallet released today! on: April 05, 2012, 06:00:07 PM
If you're asking whether the wallet is also available on the web, then yes, it is available from the Paytunia website.
If you already have a Bitcoin-Central.net account you can use it to sign-in.

Oh, I see -- once I've signed in.  Send and receive, and history -- all there.

So this also works as a web-based e-wallet even for those who don't use a mobile client.
 - http://en.bitcoin.it/wiki/EWallet

Paytunia may be the first hosted e-wallet that has the option to switch to French language?

One caveat ,.... there is no warning if you choose to use a weak password.
7092  Bitcoin / Bitcoin Discussion / Re: [ANN] Paytunia Bitcoin wallet released today! on: April 05, 2012, 05:45:27 PM
Bitcoins are stored in Paytunia's hosted wallet, which contains only a small fraction of the deposits. Your phone is a lightweight client consuming our API, which is compatible with the Bitcoin-Central.net API.

Will there (eventually) be a website for me to send money from this wallet as well then?
7093  Bitcoin / Bitcoin Discussion / Re: The Royal Canadian Mint just announced a new alternative to BitCoin on: April 05, 2012, 04:00:23 AM
I just want to see if they keep the no-chargeback policy or if they will pull a Dwolla...



The MintChip technology only supports non-reversible transactions.  If you notice in the flow diagram though there is only one arrow on the "Redeem MintChip".   There actually should be another arrow the other direction indicating the redemption payment that is made in CADs or other currency to the MintChip acceptor's bank account.  If "chargebacks" occur, they will come in either blacklisting Acceptors or in clawing back redemptions sent to the bank accounts.

If the merchant gets left holding the bag after accepting "bad" funds in a transaction using MintChip then the merchant is going to adjust and not accept MintChip payments from questionable people, or to start requiring identity information from the buyer, etc.   Then that starts a chain reaction so maybe who knows if they'ld start doing that.

What will make all the difference is knowing if there will be restrictions on how these are issued (i.e., can be bought anonymously) and if there are restrictions on their use.   If the MintChip can be sold from the broker without requiring identification and there are no restrictions on its use (e.g., if you happen to find a MintChip on the sidewalk you are allowed to keep it), then the MintChip becomes a different animal.
7094  Bitcoin / Bitcoin Discussion / Re: The Royal Canadian Mint just announced a new alternative to BitCoin on: April 04, 2012, 11:30:27 PM
I gave some current examples - EUR, GBP, USD, CAD, JPY. They are listed on the diagram in the link I posted.

I specifically doubt that this MintChip will use XAU or XAG (gold and silver) as currencies. They are not on the list.

There's no specific reason they couldn't issue to MintChip XAU back XAU (Gold) though, just as they would for USDs.  They could issue BTCs through MintChips and back them as well.

But will the Royal Canadian Mint honestly be holding JPY, RUB and CHFs to back funds issued on MintChips in those currencies?  Or will they only happen to use CAD, even though the technology supports the others?
7095  Bitcoin / Bitcoin Discussion / Re: Ecwid - Bitcoin as a payment method. Need help. on: April 04, 2012, 08:57:35 PM
even if Ecwid doesn't build it, we will make one.  if there's enough demand from Ecwid users to fund half the development costs, we wil do it.  I have this listed as a crowdfunding project

http://piratemyfilm.com/projects/355

It shows 54% funded now ... or is the cost $800 and this $400 reflects half?
7096  Economy / Marketplace / Re: In person trading considerations and suggestions on: April 04, 2012, 06:27:12 PM
  • Pick a public place to meet, where there are lots of other people around, like malls, cafes etc.

So that you don't get mugged or shot for the $200 cash and/or the bitcoins being traded.

That's one reason some people really don't want to be trading person-to-person.  Yes, using reputation such as the trust history in the #bitcoin-otc's Web of Trust (WoT) will help lessen the risks.

I've come across what is essentially a $5 intra metro-area delivery service in the U.S..   I'm thinking it might help here:
 - http://bitcointalk.org/index.php?topic=74912.0
7097  Other / Beginners & Help / Re: Does bitcoin require miners to function? on: April 04, 2012, 06:09:13 PM
Same question, different thread:
 - http://bitcointalk.org/index.php?topic=67102.0
7098  Other / Beginners & Help / Re: 1600 dollar still on tradehill on: April 04, 2012, 06:05:08 PM
This was the last forum post from Jered not too long ago:
 - https://bitcointalk.org/index.php?topic=74856.msg828826#msg828826

This thread has TradeHill's e-mail address for contacting them directly.
 - https://bitcointalk.org/index.php?topic=69373.msg815018#msg815018
7099  Bitcoin / Development & Technical Discussion / Re: How about long-term support for accounts? on: April 04, 2012, 06:00:40 PM
I am wondering if wallet accounts are long term supported because there are some voices out there who are saying that you should not use accounts for your bitcoin applications (handle accounts better by yourself/database...). But I like accounts because they are incredibly handy.

That kind of locks you into using the Bitcoin.org client though, right?  Some day that might not be the best tool for the job.
7100  Economy / Marketplace / Re: BitCrate - break crates, get free Bitcoins on: April 04, 2012, 05:55:01 PM
(I have no idea how much attention the site will get, so I'll most likely adjust the prizes soon)

Is that because you don't know what kind of ad revenues you'll get from the Captcha and/or banner ads yet?

Great to see you support Bitcoin advertising networks -- Anonymous Ads and Operation Fabulous.

I've added it to the wiki:
 - http://en.bitcoin.it/wiki/Trade#Samples_and_Marketing_Offers

You might want to post to this thread so that BitCrate gets added to the OP:
 - http://bitcointalk.org/index.php?topic=74046.0

Same here:
 - https://ogrr.com/viewtopic.php?f=26&t=1424
Pages: « 1 ... 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 [355] 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 ... 463 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!