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If you sell it, sell it for BTC and fuck the dollar. don't use the dollar for anything. i think that's where bitcoins true value is. getting away from the dollar altogether.
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i dont think it matters what fincen tries to do. until you have someone physically preventing you from installing the bitcoin client, how can their regulation do anything? Agorist transactions are still going to remain unregulated.
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There are bitcoin laundering services online that you can send your coins to and they will send them back from random addresses. you do run the risk of losing coins to fraud or whatever, but that goes with most bitcoin business online. Look into: http://app.bitlaundry.com/ I think they are the only ones but i have seen something about blockchain.info's wallet having a laundering feature..  |
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Lets say i have 100 BTC and im looking for some USD. You have 10,000 USD that you are willing to trade. I launder my BTC, send them to you, and you hand me 10,000 USD.
You think im going to fill out a 1099 for this? you have to be out of your f*&$ing mind. If you sit there and fill out a 1099 and willingly give your money to someone whos trying to extort money from you, you belong in line at the slaughterhouse.
Likely would not get caught Unless FINCEN starts planting people like they do to drug dealers for bitcoin http://www.forbes.com/sites/robertwood/2013/05/02/irs-takes-a-bite-out-of-bitcoin/The IRS already gets a piece where you swap one product or service for another, as the IRS explains at its Bartering Tax Center. Soon the IRS may have a Bitcoin Center too. The Treasury unit called FinCEN, the Financial Crimes Enforcement Network, already has rules about Bitcoin and the IRS is likely to follow. Although they care about the big ones like you got a Ferrari bought a million dollar house and only declared 50,000 in income and are 22. IRS takes a bite out of bitcoin. really? where? Thats a bunch of Bla Bla Bla because they cant enforce it unless you are a moron. I send you 10 BTC: it comes from HAHAHAHAHAHAHAHAHAAHAHAHHAAHAHAHAHAH and it goes to HEHEHHEHEHEHEHEHEEHEHEHEHEHEHHE Neither me nor you traded anything. the wallets held the bitcoin the entire time. it could have been me that sent that BTC or it could have been my grandmother. and who did the BTC make richer? HEHEHEHEHEHEHEHEHEEHEHEHEHE is not a person. Unless you throw IRS parties at your house, nobody is ever going to know you now have a bad ass flat screen tv in your living room. What if 500 people share 1 wallet? What, are they going to tax the computer? Most definitely you wouldn't get caught unless you're a good little slave and declare everything you have to the IRS. If you make yourself stand out like that then you brought it upon yourself and the state is coming to steal your property. My bet is, something is going to blow up or some mass murder is going to occur where they will say that all weapons, or whatever, were purchased from silk road or some other awesome free market with bitcoins. There's the excuse. only a matter of time. haven't you noticed that everyone associated with bitcoins is a "hacker" now?? Dunno some IRS guy is like I want to buy 50,000 in BTC meet me at this shady place so I can hand you the cash personally Bam IRS lol And well the hackers are smarter than the average joe so it might make us cooler if we advertise it well Yeah, sting operations will probably be the only way. but even that can be avoided. |
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I found this on Reddit: Lawyer here. I have no affiliation with CoinLab or Mt. Gox and have never purchased bitcoins through either one. Seems like everyone's badmouthing CoinLab this morning for filing a lawsuit against Mt. Gox. Maybe I can provide some perspective.... http://bitkoins.com/discussion/9353+ |
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Lets say i have 100 BTC and im looking for some USD. You have 10,000 USD that you are willing to trade. I launder my BTC, send them to you, and you hand me 10,000 USD.
You think im going to fill out a 1099 for this? you have to be out of your f*&$ing mind. If you sit there and fill out a 1099 and willingly give your money to someone whos trying to extort money from you, you belong in line at the slaughterhouse.
Likely would not get caught Unless FINCEN starts planting people like they do to drug dealers for bitcoin http://www.forbes.com/sites/robertwood/2013/05/02/irs-takes-a-bite-out-of-bitcoin/The IRS already gets a piece where you swap one product or service for another, as the IRS explains at its Bartering Tax Center. Soon the IRS may have a Bitcoin Center too. The Treasury unit called FinCEN, the Financial Crimes Enforcement Network, already has rules about Bitcoin and the IRS is likely to follow. Although they care about the big ones like you got a Ferrari bought a million dollar house and only declared 50,000 in income and are 22. IRS takes a bite out of bitcoin. really? where? Thats a bunch of Bla Bla Bla because they cant enforce it unless you are a moron. I send you 10 BTC: it comes from HAHAHAHAHAHAHAHAHAAHAHAHHAAHAHAHAHAH and it goes to HEHEHHEHEHEHEHEHEEHEHEHEHEHEHHE Neither me nor you traded anything. the wallets held the bitcoin the entire time. it could have been me that sent that BTC or it could have been my grandmother. and who did the BTC make richer? HEHEHEHEHEHEHEHEHEEHEHEHEHE is not a person. Unless you throw IRS parties at your house, nobody is ever going to know you now have a bad ass flat screen tv in your living room. What if 500 people share 1 wallet? What, are they going to tax the computer? Most definitely you wouldn't get caught unless you're a good little slave and declare everything you have to the IRS. If you make yourself stand out like that then you brought it upon yourself and the state is coming to steal your property. My bet is, something is going to blow up or some mass murder is going to occur where they will say that all weapons, or whatever, were purchased from silk road or some other awesome free market with bitcoins. There's the excuse. only a matter of time. haven't you noticed that everyone associated with bitcoins is a "hacker" now?? |
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You know what's interesting though, I bet somewhere around 50% of the coins ever mined, especially in the 10,000 coins for a pizza day, were deleted, formatted, never backed up, experimented with. Etc Etc..
I bet we won't ever have have 21 million coins... or as now the Total Number of Bitcoins = 11,097,600
I bet people actually control closer to 5 million or so coins. The other 6 million were formatted, wiped , lost, etc.
+ 21 million Its better for those who take care of theirs because this will raise the value of the remaining coins. |
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Lets say i have 100 BTC and im looking for some USD. You have 10,000 USD that you are willing to trade. I launder my BTC, send them to you, and you hand me 10,000 USD.
You think im going to fill out a 1099 for this? you have to be out of your f*&$ing mind. If you sit there and fill out a 1099 and willingly give your money to someone whos trying to extort money from you, you belong in line at the slaughterhouse.
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Bitcoin is a set of rules, a "protocol"... If there is a fork, the branch that does not follow the current rules is "not-bitcoin"
Who is there to decide which branch is "not-bitcoin"? Is there a supreme court in charge of interpreting every word (What "is" is?) of Satoshi's paper, and all the foundation documents? Is the self-consistency of all the "protocols" future-proof? Who has the authority to appoint the judges of the supreme court? The economic mass Bitcoin attracts could be the very factor that undoes Bitcoin. Powerful interest groups will want to butt in. Who is there to decide? Well, Ill decide! if i can add it to the amount in my bitcoin wallet and trade it like BTC @ BTC prices then its bitcoin. if not then its "not-bitcoin". |
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Well what did you expect? If you deal in any other currency than Canadian (dollars?) you must pay taxes, so why not so with Bitcoin?
Why not bitcoin? Because taxation is theft. The only reason they want to tax it is because they cant help but extort money from their cattle. Any time they see someone trying to break free from their scheme, they put systems in place to prevent others from doing it. Its high tech slavery, where you let the slave pick and choose their job and place to live, making them more productive to the slave owner. Once something like zerocoin comes out and the ledger is nothing but a big washing machine, how are they going to tax it? as long as you don't deal in their garbage fiat, how could they tax you? Yes. That. +1 The other thing is that only CAD can be used to pay taxes in Canada. BTC isn't "legal tender" for taxes. You guys sort of have it backwards. The ability to pay taxes and stay out of jail... Is the Big Thing that gives all Fiat Currencies real Intrinsic Value... Unless you are a hobo and don't have to worry about stuff like family, house, car, college, etc... Really, this thread is like denying that Death exists. Wow.. The ability to pay taxes and stay out of jail... Someone tells you you have to pay them or they come cage you up, and if you resist they kill you. You're such a statist that you see this as ok? If I do it to you, Its called extortion and theft. I never agreed to that, did you? Is the Big Thing that gives all Fiat Currencies real Intrinsic Value... What gives fiat intrinsic value is the fact that its accepted for everything. "all debts public and private", including taxes. fiat is a debt instrument with no REAL value and therefore, only serves the state. Unless you are a hobo and don't have to worry about stuff like family, house, car, college, etc... Isn't this what bitcoin is for? Its the family, house, car, college, etc..., minus funding the coercive state that only uses that money to further its own agenda! I cant believe this guy opened up with "The ability to pay taxes and stay out of jail...". |
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Consequently, exchanging World-Of-Warcraft Gold to Diablo III Gold is speculation, buying items in MMORPG for in-game virtual currency is barter.
Oh my god! Millions of online players are now tax evading criminals!
BAahahahahhaa!!  PShhhhh!! Man i love circumventing governments. |
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wait, isnt this what bitcointalk.org is for?
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Well what did you expect? If you deal in any other currency than Canadian (dollars?) you must pay taxes, so why not so with Bitcoin?
Why not bitcoin? Because taxation is theft. The only reason they want to tax it is because they cant help but extort money from their cattle. Any time they see someone trying to break free from their scheme, they put systems in place to prevent others from doing it. Its high tech slavery, where you let the slave pick and choose their job and place to live, making them more productive to the slave owner. Once something like zerocoin comes out and the ledger is nothing but a big washing machine, how are they going to tax it? as long as you don't deal in their garbage fiat, how could they tax you? |
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You guys that are getting the KH/s rates need to make sure you have the SDK installed!
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If democracy is what made Bitcoin successful today, it will also be the same democracy that kills Bitcoin in the future.
Democracy didnt make bitcoin successful. What made it successful is the fact that its an innovative idea. There is no voting, its not a democracy. Bitcoin is not an analogue of the welfare state where the state can steal money from one person and give it to someone else. if you need alternatives, make another altcoin. Edit: The scenario you mentioned almost sounds like freicoin. |
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PS. How to you prevent "Stolen" coins from reaching your address unknowingly?
Considering the government can send you tainted BTCs to anyone and then be say they have proof your doing business with a felon or terrorist or w/e scary people are called these days.
Anyone could do it. 1. Create a wallet that can't be traced back to yourself. 2. Report a bitcoin theft and send those coins to the anonymous wallet. 3. Wait for the coins to be marked as tainted. 4. Send a satoshi to anyone you want to get in trouble. 5. Report this "suspicious" activity and call for an investigation/audit. See i didn't even think of that -- and that is a very scary scenario -- my own neighbors could hate me and send me to jail nice point edd. Even worse, they could use some of that taint to send you a gift from Silk Road and an anonymous tip to the DEA. Wow this is actually fairly easy to do! woooo! dont get on a fellow BTC'ers bad side or you might get some MDMA sent over to you wrapped in child porn. What about Zerocoin? isnt this type of thing avoidable by anonymizing all transactions? Also, i read somewhere on this board something about leaving a back door open for "authorities" in case any fraud or other illegal activity occurs while using zerocoin... facepalm |
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Check it out, comment, like, post, share. https://www.facebook.com/DigitalBreadI post whatever i find whenever i can. If you have any other stories or important information about the market or bitcoins in general, POST IT! Thank you! |
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