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1  Local / Nederlands (Dutch) / Re: Belgische bitcoinvereniging on: December 12, 2013, 02:45:20 PM
Het zou natuurlijk het eenvoudigst zijn als de Belgische overheid diensten zoals "het minen van bitcoin" als IT diensten beschouwt (wat het in essentie ook zijn) en niet herclassificeert als "financiële diensten" (wat een heel pak extra risico's en papierwerk zou meebrengen voor wie deze diensten aanbiedt).

Hou daar rekening mee bij jullie lobbywerk.
2  Other / Beginners & Help / Re: Tax legal question UK , VAT on: April 02, 2013, 03:34:31 PM
1 addition:

Most countries in the EU require you to mention the VAT amount in their local currency on the invoice. So if you sell something for 100 BTC and the VAT rate is let's say 20%, the total becomes 100BTC + 20BTC = 120BTC and then you'll need to calculate how much 20BTC is in your local currency, GDB in your case) and mention that on the invoice.

example:
------------------------
Product Price
WidgetA 40 BTC
WidgetB 60 BTC
Subtotal:100 BTC
VAT %:20%
VAT:20 BTC
VAT (GDP):1428.8227
Total:120 BTC
------------------------
3  Other / Beginners & Help / Re: Tax legal question UK , VAT on: April 02, 2013, 03:23:57 PM
thanks but still i don't have answer how to put bitcoins in accounting

converting bitcoins to gbp have no point for me

The same way you'd use any other currency. If your business accepts payments in let's say USD, EUR and GDP, then you'd have at least 3 accounts in your books. One for each currency. If you want to start issuing invoices denominated in BTC, you'd simply add an account for that currency.

Do a search for "multiple currency accounting" or ask your accountant. He may not be familiar with bitcoin, but handling multiple currencies shouldn't be problem for him.

4  Economy / Economics / Re: Worst bitcoin decision you've ever made? on: April 01, 2013, 08:02:44 PM
Not buying more BTC when it dove under $5.
5  Other / Beginners & Help / Re: Hosting for bitcoins on: March 30, 2013, 05:08:02 PM
Got any plans to add an affiliate program?
6  Other / Beginners & Help / Re: [Botcoin.js] An autotrader for mtgox in node.js on: March 30, 2013, 04:52:00 PM
Quote
sell,100,above,10,sell 100 BTC if the price drops under 100
shouldn't that be "sell 100 BTC if the price goes above 10"?
7  Other / Beginners & Help / Re: noobie question regardings reversible payments on: March 30, 2013, 03:31:17 PM
Hi,
right: paypal is reversible because if you open a dispute payment gets reversed and if youve sent btc already you can't reverse them, so you get scammed.

how are debit cards reversible? and also if i had selled you a physical item isn't that irreversible aswell once you have sent the
parcel..
Maybe with paypal you can claim you have sent it since its physicall and it doesn't go against the rules (like btc i think), but with credit/debit card?



Credit and debit cards can be chargedback Wink

so i can basicaly go to any online shop buy with credit card get my order sent and then reverse it and scam them?
You could, but first of all that would be fraud. Second, in the case of tangible goods, the merchant would have a way to prove he delivered the goods you ordered and he could win the case.

In the case of non-tangible goods (such as bitcoins), the merchant will almost always lose when the buyer lies to his bank. The result is that merchants selling irrevocable non-tangible goods tend to not accept credit or debit cards.

Also because of scammers doing fake chargebacks, merchants often keep track of who does chargebacks (using cc cards or systems like Paypal) and blacklist those people on their sites.
8  Other / Beginners & Help / Re: Maximum value of bitcoins on: March 30, 2013, 03:21:06 PM
The short answer: No.

Ultimately, value is subjective. Goods or services do not have any inherent value. Value is something an individual attributes to a particular unit of a good [at a specific moment in time]. It is impossible to determine a "maximum value of bitcoins" no matter how much data you could hope to collect on how people currently value bitcoin or other goods.
9  Other / Beginners & Help / Re: why the price of the bitcoin arises rapidly? on: March 30, 2013, 02:20:46 PM
The reason for the sudden spike: Cyprus. The events there took almost everyone by surprise. There's plenty of people who understand the problems with our "manipulated economy", but even a lot of those had become "complacent". Now that government paper is failing at a faster pace than anyone imagined would have happened in the past year or so, a "sense of urgency" seems to have taken hold of some and they are rushing into bitcoin.

Sounds plausible, but in these types of "financial Armageddon" scenarios, one might expect the gold price to skyrocket, which has not happened at all. Yet.

The "Cyprus effect" may have had some bearing on bitcoin, but simple increased general demand and small-scale venture capital might explain the bulk of the price hike, assuming it's not just another good old bubble like June 2011.
I think there's a few different factors to consider here:
- liquidity, divisibility, portability,... Bitcoins are easier to store, carry around, split up and "put back together" than gold. This could explain why some people see bitcoin as an alternative to buying gold, or as an additional way to protect themselves.
- bitcoin app downloads went up in Spain right after a Spanish minister said a Cypriot type of levy would be possible in Spain (but at a much lower rate). 
- Anonymity. Governments have been known to confiscate physical gold (and force people who said they had already sold their gold to pay the equivalent of the physical gold) when the SHTF. for example: FDR did it in 1933. Add the fact that in some eurozone countries the government has started to crack down on the use of cash and forbids its use  to make large purchases (such as a few ounces of gold). Worried citizen could see bitcoin as a safer way to quickly store their savings outside of the government run monetary system.
- The manipulation of the gold price. The last few years, there's been a lot of speculation about governments and central banks using their gold reserves to keep the price of gold down (as a way to hide the problems associated with their own paper).
10  Other / Beginners & Help / Re: Can I train my headlights to mine bitcoin? on: March 30, 2013, 01:24:31 PM
At first I thought this was a joke, but I can see where the confusing might be coming from.

ASIC simply stands for "Application-specific integrated circuit".

Your desktop or laptop computer is a general purpose device. It can perform many different functions. You can add additional software to your computer to make it do new things. For example: if you install a video-player, you can watch videos. If you install a bitcoin miner, you can mine bitcoins.
So your processor, the piece of hardware that does most of the work, can be used to accomplish a lot of different tasks.

An ASIC is a piece of hardware designed to perform a specific task. What that task is could be anything. It all depends on what the manufacturer designed it to do.

11  Other / Beginners & Help / Re: why the price of the bitcoin arises rapidly? on: March 30, 2013, 01:10:24 PM
First there's the increase in media attention over the last +-6 months. Bitcoin got some MSM attention when the ECB's report on bitcoin got released and bloggers like Jon Matonis have been talking about it on a regular basis (in his case on a high profile site: forbes). So, even among people who had never used bitcoins before, there was a significant number who knew what bitcoin was or had at least heard of it. People tend to distrust and stay away from new things and we've now reached a point where bitcoin simply isn't "new" anymore for a lot of people.

The reason for the sudden spike: Cyprus. The events there took almost everyone by surprise. There's plenty of people who understand the problems with our "manipulated economy", but even a lot of those had become "complacent". Now that government paper is failing at a faster pace than anyone imagined would have happened in the past year or so, a "sense of urgency" seems to have taken hold of some and they are rushing into bitcoin.
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