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1  Bitcoin / Pools / Re: [100 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + UserDiff; ASIC tested on: November 27, 2013, 09:22:51 PM

It will take me almost a week before I get a payout.

So?

It takes me a month before I get my paycheck, and I have to work upfront too!

 Grin
2  Bitcoin / Pools / Re: [100 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + UserDiff; ASIC tested on: November 26, 2013, 09:22:56 PM
Did the pool's performance just increase 10-fold?
My last two rewards (20956, 20957) just decreased by a factor 10 ...

 Huh
3  Economy / Service Discussion / Re: www.bitstamp.net - owner has denied your access to the site. on: November 20, 2013, 10:41:48 AM
I think it is only matter of time when something happen and next time it will not be fun like before when someone lost thousands of bitcoins worth of nothing.
This time people take a shotgun and try to express their intentions more precisely instead of waiting for court judgement which hardly help.

Shotguns indeed. Imagine you bought at $800, want to get your BTC out. This isn't a game anymore.

1 bitcoin is still worth 1 bitcoin.
You can buy and sell stuff with it.
All you need to do is find the people who will trade goods for bitcoin.
Not necessarily shotguns though.

You can trust btc exchanges the same way you can trust your banker.

It's the biggest game in the world.
4  Other / Beginners & Help / Who's succesfully trading between the indexes? on: November 13, 2013, 10:37:43 PM
You know,

Mt. Gox v $OTHEREXCHANGES

What's the lag?
5  Other / Beginners & Help / Re: When do I own bitcoins? on: October 31, 2013, 09:51:23 AM
How can "they" prove I (ever) did?
And if proven, how can "they" tell how many I own(ed)?
And after "they" proved I owned x amount, how are "they" going to tax me?
The same way "they" prove and tax cash transactions.
By voluntarily keeping records then.
Backtracking the blockchain to calculate how much btc I "owned" (at a(ny) given date) doesn't seem viable. Let alone proving the "ownership" of privately mined btc.

If I know a key to a wallet, do I own the bitcoins in it?
Possession is nine-tenths of the law, so yes. Unless someone else accuses you of stealing the key, if you know it then you legally own the bitcoins.
How do "they" know I have this key? Even if the wallet can be traced to me, they won't know how much in it is mine to spend without the key.
So the "Rob me" billboard analogy, as mentioned above, sounds plausible when the law dictates I have to surrender my keys for "audit" purposes.

Are the numbers I am manipulating with this key, really mine? To tax? Tax what?
Yes. To tax the money, of course, because that's what those numbers are, as sure as the numbers in your bank account are money.

I don't agree. btc is not money. Not unless my government accepts (tax)payments in btc it isn't. Until then it's more like gold and trading gold (as a service) is exempt of taxes. Only when you liquidise your gold you have to pay taxes (in a nutshell)
Until then btc should be considered LETS-currency, maybe.

Also, some of the btc I spent came from Satoshidice, which is a game of chance. Dutch law dictates you have to pay (income-) taxes over the net amount gained (wins minus losses) to retrace this (as a third party) is a next to impossible task. (to prove)

The numbers in my bankaccount aren't money, the stuff the atm spits out is. Or at least in my point of view.



6  Other / Beginners & Help / Re: When do I own bitcoins? on: October 30, 2013, 11:15:33 PM
Thanks for your reply, but it doesn't answer my question.

If I know a key to a wallet, do I own the bitcoins in it?
Are the numbers I am manipulating with this key, really mine? To tax? Tax what?
7  Other / Beginners & Help / When do I own bitcoins? on: October 30, 2013, 11:02:36 PM
How can "they" prove I (ever) did?
And if proven, how can "they" tell how many I own(ed)?
And after "they" proved I owned x amount, how are "they" going to tax me?

Only if I voluntarily keep records of my transactions, or am I missing something?

 Huh

Oh, sorry:
 Hello.

These may be newbie questions, but I haven't yet found a sound (legislative) answer, mostly only fud, or answers from the taxgatherers. Nothing solid, nor precedents.

Hence this post.
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