Look if the ATO thinks there is enough money involved they will try.  But they also have limited resources.  The public blockchain is the real wildcard because taint analysis is only going to get easier. 

Given the CGT analysis no tax will apply until converted back to fiat.  If it so happens I become BTC rich I will just become a tax non resident for that year. 

Change your name.  You *will* be sued by Visa.

Sharp drop on Gox from $701.50 to $701.20 over the last five minutes when I last checked.

I should probably know that.  Was thinking a mini version of the Russian Dakar trucks - Kamaz I think they are called. Mad bastards.

Wtf is that some sort of Russian version of a Tata ?!

Good news story out of Singapore.  For those not aware Singapore is a major international financial hub.

Also helps rich Chinese mainlanders with links to Singapore to buy.  

http://www.techinasia.com/singapore-government-decides-interfere-bitcoin/

The analysis probably swings on whether bitcoin is a substitute for currency.  Given that this is bitcoins stated intention I can see why the letters have gone out.  This all comes out of 911.

More likely to be treated like a commodity for now like everywhere else.

Nice shots.  Not how I imagined Satan looking. 

With a little aimless drifting thrown in + / - $10 US. 

As I was posting a smart ass comment about EMAs crossing a nice red candle appeared.  Still only down to 660 but at least it's some action. 

Nice but doesn't fix the China problem. Third party payment processors not dealing in bitcoin means Alipay can't do it until the rules change.

How about day trading a commodity with a (historically) exponentially growing price is stupid.

I think the payments Ripple show on their website are completely imaginary too. 

Of course the rich can get around it that's nothing new (most Hong Kong companies are just laundering mainland money) but that's not the point.  Laws and rules are for the middle class to obey not the rich one percent and that holds true in the USA as well.  

They don't want the middle class to have access to capital flight because there are a lot of them.

The fact that there is a USD50,000 limit per person annual withdrawal limit from China (which is enforced) indicates that they are scared of capital flight.  

It has already been announced.  People keep forgetting or didn't read the second announcement properly. Spring Festival January 31 all withdrawals banned.  Bobby Lee is just trying to keep up morale at this point.  Mt Gox has proved you can run an exchange without fiat withdrawals.  Running an exchange without fiat deposits is still possible (BTC) but have my doubts about how attractive it would be.

Someone please come up with something a bit more frightening.  Claim Gavin Anderson been hacked or something. 

I have a funny feeling that bitcoin days destroyed will increase as the chain gets older.

I am now bored with this FUD it's probably Mt Gox restructuring it's internal accounts.

So if the market dropped more than 50 percent?   Like for example from 1200 to 500?  Good thing Bitcoin also has non volatile periods.