I cannot wait until people who do not pay taxes are kicked out of the country.
You misread the image. Its income tax only that they don't pay. The reason they don't pay income tax is that their income is too low. For example, a guy who works all his life in low paid jobs, retires at 70 with no savings and lives on his social security. So those people do not want to contribute their fair share? Again you misread the image. They do pay their fair share. Income tax is tax on income above a certain level because its a waste of time and effort chasing peons for pennies. When they work, they generate payroll tax. When they spend, they generate sales tax. But what they don't do is earn enough income to cover the cost of assessing their tax returns. In simple terms, if you want to charge the very poor income tax, then you have to raise income tax on the rest of the population as well. Since the very poor don't generate enough income to matter, all you would be doing is raising taxes on the rest of us. No thanks. That is fine. As long as they do not use the services paid for by taxpayers. |
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I cannot wait until people who do not pay taxes are kicked out of the country.
You misread the image. Its income tax only that they don't pay. The reason they don't pay income tax is that their income is too low. For example, a guy who works all his life in low paid jobs, retires at 70 with no savings and lives on his social security. So those people do not want to contribute their fair share? No, it's those people that are less skilled, less intelligent, and less strong. So, do they not use government services? |
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Everyone seems to agree that it's "moral" to pay your taxes, and immoral not to pay taxes. If I am being robbed in the alley, how is it moral or immoral for me to hand over my money? Most people believe that it is moral to rob someone. They go out of their way to justify that morality with things like roads and schools and firemen. But they are still justifying theft. |
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I cannot wait until people who do not pay taxes are kicked out of the country.
You misread the image. Its income tax only that they don't pay. The reason they don't pay income tax is that their income is too low. For example, a guy who works all his life in low paid jobs, retires at 70 with no savings and lives on his social security. So those people do not want to contribute their fair share? |
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I cannot wait until people who do not pay taxes are kicked out of the country.  How do they get to work? Private roads? But at least those 49% who do not pay taxes are advocating for less government and more privatization...right? So they would at least be consistent. What, they actually do not pay taxes and yet still overwhelmingly vote for bigger government? How could this be so? That would make people who do not want to pay taxes but actually want a government that reflects no taxes...consistent. While the rest would be...freeloaders. |
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So...will we be testing with test bitcoins or will you be providing us with the coins necessary for testing?
I doubt anyone will put their coins on your site without a lot of reason to trust you.
Other than that, I would like to help test it. I am currently receiving interest on a small amount of my bitcoins but would like to explore every option.
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So... everyone is asleep.
It is morning in Japan. |
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The following statement has been approved by CISPA:
I love paying taxes. I have not yet had any gains on my bitcoins but when I do I will be the first one at the tax office to pay my fair share.
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They also like to call Satoshi a hacker.
They are obviously trying to mean it in the new evil connotation but he does not even fit the original definition.
I could see if Bitcoin was created from piecing together parts of other computer programs but it is an original creation.
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Thanks for posting this. As with most things on the internet I question its authenticity. How did you find out about it?
Completely likely to be just some kid who thinks posting stupid stuff is fun. AKA most of 4chan. Saw it on another thread, checked the reditt to grab the meat of it. |
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===OPERATION SHOCK AND AWE ===Date: Monday 2013-04-22 ===Start time of event: 15:30 UTC ===Goal: Bring bitcoin price < $30 US dollars http://www.reddit.com/r/Bitcoin/comments/1cu4ck/ridiculous_ddos_operation_set_up_for_monday/DDOS prevention is pretty limited these days, I wish there were better solutions than cloudlfare, they do not seem to be cutting it. I am worried that once my site is up I will have to deal with the same stuff and am not sure how to handle DDOS. |
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Well, it would have to be a service. By bill pay I mean you put in the recipient, address and account number with the amount in dollars, then you pay the equivalent in bitcoins. Ah, you mean one that pays out nationalized currencies? I guess that would be useful for the next couple of years. After that, I'm hoping we have no more use for those relics.  Certainly. Like bitspend allows you to buy any product even if it is priced in government currency. But even a few years down the road people will need to pay things like property taxes and other taxes in government currency. So it would still serve a purpose. |
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I believe fundamentals will be easier once a steady flow of ASICs is going out and we have a good idea of price compared to mining return on investment.
Current profit margin is 46% assuming hardware costs estimated to be $1000 per gigahash every 2 years, and bandwidth $1 per gigahash per year plus power consumption of 650 Watts per gigahash and electricity price of 15 cents per kilowatt hour.
With 60 gigahash mining machines coming out, the profit margin is difficult to predict.
There is a point where profit margin can go high enough that people will stop buying bitcoins and simply buy mining machines instead. This will keep the price in check.
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Can anyone make an introduction for me to some of the older members? I'd like to interview them about the history of the Bitcoin.
There is no "the Bitcoin", it is simply Bitcoin. When used to refer to the blockchain, protocol or underlying technology it is referred to as Bitcoin (upper case 'B'). When referring to the value of the currency then it is referred to as bitcoin or bitcoins (lower case 'b') like one would refer to dollars with a lower case 'd'. |
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So, when miners sell some bitcoins to pay for their electric bills, where does the money come from?
Their paychecks. Which are paid in government currency. |
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MTGOX exchange tries to manipulate the perception of MTGOX through its public relations.
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Nothing but good things to say about Bitronic as a hosting service. Good service and better prices than namecheap.
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Bitcoin Bill Pay! +1 Best of all, this would only need a wallet with a scheduled payments tab in it! It could even be put in the QT wallet itself... This would be a simple thing to do, really. I'd recommend that they allow for both reminders and automatic payments, so you'd have the choice of just being reminded to pay on time versus the wallet making the scheduled payment for you. Good idea Elwar! We need more like this one. Well, it would have to be a service. By bill pay I mean you put in the recipient, address and account number with the amount in dollars, then you pay the equivalent in bitcoins. The service would then send out a check the same way you can do bill pay on an online bank account. Could certainly also set up a wallet client to connect to the service for automated payments. |
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Or the price is at $120 and you believe the price will drop to $80. You borrow 100 BTC at 50% yearly interest and immediately sell, the price drops from $120 to $100...did not go as low as you expected but still far enough. You buy back 100 BTC at $100/BTC and pay back your loan. You just made $2,000. You pay about $16.50 for the borrowed BTC for the day and you are set.
Happens all the time at BitFinex.
Or the price never comes back to $120 and you have no way of paying it back. Which is referred to as the short squeeze. |
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We could be going anywhere - or nowhere.
Prediction quoted. |
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