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this is definitely the project that might push me towards becoming a serious miner.
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scam is probably not the best definition. if they are indeed lying about a custom chip, and if they are using previously in service parts, its at the very least misleading and unscrupulous.
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(BTW, if you work for me and post pics of the inside of my business and other employees on your twitter, YOUR FRICKIN FIRED!)
you would 1) end up with no younger employees (the ones willing to work crazy hours who are in touch with the younger market and are often the tech movers) who do this on a regular basis, 2) depending on the state your in, possibly find yourself the defendant in a lawsuit or three. Such wishful nonsense, and seasoned with plenty of the narcissism too  no narcissism. i'm old in relation to those i'm talking about, barely care about facebook at all, and twitter could die a fiery death as far as i'm. you must not be familiar with labor laws in many states. and yeah, if your business involves making big rocks into little rocks, then you don't need to worry about the youth market, but if your in one of the many fields that either depend on young employees, has a large income from the 16-34's, or one that benefits from them, then alienating that segment with overly restrictive policy isn't exactly a good move. not sure where the wishful nonsense your speaking of comes into play. |
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cool. i'll just let myself out... |
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whats the bounty for a good text version? i can make this happen.
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The fair value is exactly what it trades for at any moment.
actually, no. |
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(BTW, if you work for me and post pics of the inside of my business and other employees on your twitter, YOUR FRICKIN FIRED!)
you would 1) end up with no younger employees (the ones willing to work crazy hours who are in touch with the younger market and are often the tech movers) who do this on a regular basis, 2) depending on the state your in, possibly find yourself the defendant in a lawsuit or three. |
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isn't the entire point of BTC to get around this?
no |
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leave space in the case, and maybe something to mount to, for an after market addon if people want an all in one.
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Oh yeah, I forgot to add the conditional about what kind of fucked up country you might live in ..... I'm sure Zimbabwe govt. considers anything that happens in your house a taxable event ... hell they probably charge you for breathing in some less freedom loving countries ...
This forum is discussing US taxes & laws... What's so fucked up about property tax? It's kinda a bit part of how roads & firefighters & police are funded... I like my "fucked up country" that "forces" police & fire protection upon me and doesn't make me build my own roads. Thank you Uncle Sam! [/quote] if roads, police, firefighters, the post office and schools combined even made up half of what my taxes were spent on, i would 1) be paying a hell of a lot less in tax, 2) not be nearly as dissatisfied with my tax bill. |
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Besides the bitcoin more than likely will be profitable in the long run especially seeing as how the endurance of the currency is implied by the very algorithm that runs it.
the algorithm doesn't imply anything other than the technical merit. profitability has nothing to do directly with the technical details of bitcoin. the algorithm enables the things that give bitcoin its value, specifically the security to allow it to be used as a value transfer mechanism, but its the actual use that gives it its value. you want bitcoin to be worth more? spend your bitcoins on products and services. ironic i know, but there you go. |
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There's no system in place to audit Bitcoin transactions. The IRS can't do squat in regards to Bitcoin.
Don't bother filing. Don't ever bother filing if you just put your Bitcoins through any service. There's nothing to hold you accountable.
all well and good unless your converting to fiat. the second you do that, you have to explain where the money came from. my recommendation, if anyone has 10k+ of bitcoin income, talk to a good accountant. less than 10k, still a good idea, but the IRS probably won't be as interested compared to larger amounts of money. |
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https://bitcointalk.org/index.php?topic=76938.0So, about 2 months ago I went to H&R Block to get my taxes prepared. I explained to the lady, who apparently was very experienced and had worked there for many years, about Bitcoin. At the time, she told me that she was unsure of how to treat Bitcoin with regards to taxation -- is it a business? Is it a hobby? Is it an investment?
Well, 2 days ago I finally got my answer. After asking the 5 longest-working members at that particular H&R Block location AND after calling the IRS, the lady said that Bitcoin is a hobby. She knows that I buy precious metals with Bitcoin, knows that I have money in accounts all over the globe, and knows that I have conducted business deals and have provided services specifically dealing in Bitcoin. I even showed her an old TradeHill check of some of my profits.
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i believe the filesharing economy is a major low hanging fruit for bitcoin to increase commercial usage. seedboxes, torrent sites donations/vip purchase, vpns, hosting sites, etc. it increases anonymity of a services users eliminating the money trail, which now is a major chink in the armor. torrentfreak just published an article about vpns and one of the items is about bitcoin use: https://torrentfreak.com/how-to-make-vpns-even-more-secure-120419/ |
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so you have to wait 30 days from first depositing money into dwolla before you can send it to mtgox now?
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hmmm. maybe an option after initial install? you can user either the normal decentralized method, or opt to do a quick verify?
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i'm not sure of the technical or potential security short commings, but would it be viable to have an option in a client to download the blockchain (which i understand to be relatively quick) and verify an md5 checksum from multiple trusted sources?
the potential benefit would be more rapidly being up to date, while still being in possession of the full blockchain, as apposed to the thin client option.
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to clarify this argument I guess I would have to see some definition on what exactly this means: You could achieve some scary computing densities
as rjk said, computing density is the amount of instructions processed in an amount of space. a high computing density is powerful computing power in a small space. water cooling allows you to almost disregard airflow, so you can put chips/boards closer together, squeezing more in a smaller space. additionally water cooling hardware generally takes up less space in the box than air cooling hardware. |
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i've been thinking that another huge market for bitcoin is the torrent world. site donations, vpn's and seedbox providers. it removes the money trail and makes a truly anonymous service.
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What if major exchanges got shut, perhaps due to legal isssues? People would have a much harder time exchanging BTC to/from fiat in centralized fashion. The market would get fragmented and really decentralized, with exchange value varying significantly from one location to another due to differences in supply/demand. Perhaps then people would start simply assigning a BTC price to goods/services they offer, rather then to the USD? This would be a reboot of the current economy, and we would be starting from scratch, but it may be a good thing. The way things are now, BTC simply serves as an intermediary in fiat transactions.
i think if mtgox got shut down, another exchange would step in to fill the vacuum. there is enough money in play to be relatively confident of that. as for bitcoin mostly being an intermediary in fiat transactions, i think that will remain bitcoins ultimate potential. at least in my lifetime. i think we'll see the ability to use bitcoin in retail transactions increase, possibly signifigantly, but i believe its misguided to think bitcoin is going to usurp the USD, RMB, Euro and/or BP. |
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