In fact now that people and businesses know how to treat cryptocurrencies they will finally take the step to move in on it.
Many potential buyers have been waiting on the sideline for more regulation and guidance. Offer them a bargain and it will all be bought up, trigger a new bullmarket.
Today's sell off is due to China not the IRS OP is (probably) very wrong. Yes, I definitely hope that you are right and I am wrong. I'm simply following the argument here, I prefer your truth. |
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See if you can get that in Germany.
I don't mind taxes. I don't mind paying taxes, either. That wasn't the point of my post. I saw somewhere the following analogy: http://www.bloomberg.com/news/2014-03-25/bitcoin-is-property-not-currency-in-tax-system-irs-says.htmlToday’s IRS guidance will provide certainty for Bitcoin investors, along with income-tax liability that wasn’t specified before. Purchasing a $2 cup of coffee with Bitcoins bought for $1 would trigger $1 in capital gains for the coffee drinker and $2 of gross income for the coffee shop. I am against paying unrealistic taxes. |
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Having bitcoin classified as property rather than currency is the best possible scenario. The capital gains tax rate is 0% for most people. 0%... hard to beat that.
that's totally false. I don't understand, help me understand.... I read on another story that the tax rate will be like 20 percent or something... |
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"There's a set amount of wealth that can exist and the majority of it is already concentrated in the hands of a few. If adoption increases, the problem only gets worse." (reddit commenter on bitcoin)
Can someone refute this? If not, I don't want to get into BTC. I like the tech behind BTC transactions. But with 60% of BTC wealth held by maybe 1-5 million people, the above quote seems spot on, doesn't it? With 12 million coins already in wallets, there's less than 0.001 coins left for everyone else.
The majority of all the wealth in the world is in the hands of a few, bitcoin is no different. It seems counter intuitive to think that this problem worsens as adoption increases though. +1 |
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"There's a set amount of wealth that can exist and the majority of it is already concentrated in the hands of a few. If adoption increases, the problem only gets worse." (reddit commenter on bitcoin)
Can someone refute this? If not, I don't want to get into BTC. I like the tech behind BTC transactions. But with 60% of BTC wealth held by maybe 1-5 million people, the above quote seems spot on, doesn't it? With 12 million coins already in wallets, there's less than 0.001 coins left for everyone else.
Preface: I'm likely not going to address your question directly, or adequately. Its a strange question, because you are fearing what already exists which is the concentration of wealth...Worse? The fact is the current landscape provides bankers and governments free reign to do whatever they want. As the tip of the iceberg, simply look at HSBC and their money laundering business. I don't believe wealth concentration can get much worse without enslaving the human race completely. I agree with the other commenter; I also don't accept the question as it is presented but I'll still try to give you my thoughts on it. Specifically, I would like you to elaborate on the numbers you've provided and how you got them. I think you probably just copied them, which means you don't know if they are correct or not. Also, what kind of adoption are you referring to? Adoption by investors? Adoption by consumers? They are two very different thing. Adoption by investors indicates a long term strategy. Adoption by consumers indicates functional utility that offers an advantage to competitive products or services. Where the connection is made to BTC being concentrated in the hands of a few people is deontological not teleological. I agree with the assertion that increased adoption will result is greater distribution of BTC. This doesn't address distribution of wealth problems directly, but do provide a greater number of people with a functional transfer of wealth that is separated from the centralized power structures. This means thats you and I decide the value and cost of transferring that value, not the banks. I believe the most important thing to acknowledge about bitcoin is that its decentralized and deflationary. Conceptually, this empowers the community and removes power centralized systems or groups hold over the community. If A controls scarce resources, and if B values those resources then A has power over B. This leads to dependence and the ability to control in a way that uses B as a means to A's ends(profit). That is the situation with banks. They control the monetary system, and we all must use money to buy necessities such as food, warmth and shelter. So therefore, we willingly give power to the banks in exchange for the privilege of using their system to acquire those necessities. There's no law that says we must, but how many people do you know that sit at the farmers market on Saturdays to barter their goods or services for food? If alternatives are introduced (*ahem*, BTC) that remove dependence, then their power is diminished. A major component of this power structure that banks and governments have created is controlling the flow of money. They decide how fast, or slow, and how expensive it is to transfer wealth. This allows them to very exactly dictate their profits, or the rate of concentrating wealth. If they cannot control the resource, their power is diminished. BTC will not end the US dollar or fiat currencies. If they do die, it will because of market forces and/or legislation. At least if that happen, now there is a viable, proven, and secure alternative which can fill the vacuum that will be created because the function of transferring wealth must exist in some form. It seems like a natural progression of the human raced to move beyond a centrally controlled system (infancy) to a distributed, socially controlled and validated system of wealth distribution (adolescence). Maybe some day, the human race will achieve the next level of maturity. I don't know what that would look like... |
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Get yourself taped while doing that i would be fun to watch a dickhead dyeing cuz looser commits suicide
Hey hey, keep it clean in here. No need for keyboard warriors to spew out their own insecurities and sadness as human beings on this forum. And there it is, the scum of the earth at it again. Unfortunately, you can count on trolls popping up everywhere. These poor, unfortunate souls thinks it's everyone else who are the morons. LoL... Very sad. |
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must delivered q1/q2
when q1 end?
and when q2 end?
You can use your brain, too. Instead of asking others to perform the most basic mathematical calculations.... What is a quarter? 1/4 How many months in the year? 12 What is a 1/4 of 12? 3 When does quarter 1 start? Jan 1. When does it end? Jan 1 + three months......march 31 When does quarter 2 start? april 1 When does quarter 2 end? June 31st This exercise in logic brought to you by the letters> D U and H. |
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I think that if it helps people know more it is good journalism.
this story was the greatest embarrassment in 81 years of newsweek. when there is a quest for a hidden person and a journalist comes up with such a thin story dragging out the wrong guy to the world public it is the opposite of "good journalism" they could have at least asked "is this the real satoshi ?" instead they pretended they had something, but they had nothing. I love conspiracy theories. Mine is that this whole thing was cooked up by someone in the IC to draw Satoshi out of hiding, which seems to have worked since he logged into his P2P account. He didn't. He didn't sign his msg. It was probably a BTC supporter with some skills. Well, your probably isn't really any better than my probably. We're all just guessing. Do you think there we'll ever figure it out? Nope. The real Satoshi will never be found unless he/she/they decide to step up. I hope you are correct. I think discovery would only be a negative.. |
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It makes no sense whatsoever to pre-order a litecoin rig for delivery 6 months from now.
If you have $10,000 burning a hole in your pockets - buy some gpus and be mining with substantial MH in 2 to 3 days.
Then in X months time, you will still have substantial resale value in the motherboards, gpus etc and can sell them and move up to a 25MH or 50MH rig or whatever is available. PLUS you will have X months mining profits to help with the purchase!
Why put your money in the "KNC Savings and Free-Loans-For-Us Bank" for 6 months, doing nothing except earning KNC interest, when you can have your money working for YOU in 2 to 3 days?
You spoke my mind +one Fool me once, shame on you. Fool me twice... |
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I much happiness now
I have a big millionaire!
Dogecoin is best very currency, you buy now!
How do you mine this coin? cgminer works well for most of us. |
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I think that if it helps people know more it is good journalism.
this story was the greatest embarrassment in 81 years of newsweek. when there is a quest for a hidden person and a journalist comes up with such a thin story dragging out the wrong guy to the world public it is the opposite of "good journalism" they could have at least asked "is this the real satoshi ?" instead they pretended they had something, but they had nothing. I love conspiracy theories. Mine is that this whole thing was cooked up by someone in the IC to draw Satoshi out of hiding, which seems to have worked since he logged into his P2P account. He didn't. He didn't sign his msg. It was probably a BTC supporter with some skills. Well, your probably isn't really any better than my probably. We're all just guessing. Do you think there we'll ever figure it out? |
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 Check out https://www.dogepool.net Stratum
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NO PPLNS ! Payout immediately after block has found (and is confirmed) in full !Dogecoind v1.5.2 Constantly over 250 GH/s and finding Blocks on a regular basis. 0 % FEE !
2500 Block Finder Reward !This is the pool without downtimes
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The pool where no coins were stolen or lost
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The pool with support in minutes !
It's the hassle-free-pool Search the forums for it !Visit the Pool at https://www.dogepool.netWe are also on Version 1.6 now ! Finding one Block after the Other today.. Jump in as long as our luck lasts :-) Much loves. Doge's galore. Join the game, fun stuff, yay! |
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I think that if it helps people know more it is good journalism.
this story was the greatest embarrassment in 81 years of newsweek. when there is a quest for a hidden person and a journalist comes up with such a thin story dragging out the wrong guy to the world public it is the opposite of "good journalism" they could have at least asked "is this the real satoshi ?" instead they pretended they had something, but they had nothing. I love conspiracy theories. Mine is that this whole thing was cooked up by someone in the IC to draw Satoshi out of hiding, which seems to have worked since he logged into his P2P account. |
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When do you think we might get news re technical characteristics? This week or next? Shipping dates, hosting options?
WTH are you smoking? Can I have a little? Have you been following this thread? |
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Hello fellow Dogeminers.
I'm new to mining... I've got a Sapphire 290x that is pulling 860 kh/s. I'm on dogepoolnet, and right now I'm noticing that the current block is at 250% done. Is this normal for a block to go unsolved this long?
yes.. i have seen blocks up to 700%. Just hang in there, it will even out in the end. Theeeeere we go... it finally popped. |
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Hello fellow Dogeminers.
I'm new to mining... I've got a Sapphire 290x that is pulling 860 kh/s. I'm on dogepoolnet, and right now I'm noticing that the current block is at 250% done. Is this normal for a block to go unsolved this long?
yes.. i have seen blocks up to 700%. Just hang in there, it will even out in the end. Ok, cool. Am I correct that DOGE is one of the more profitable options for me? |
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Hello fellow Dogeminers.
I'm new to mining... I've got a Sapphire 290x that is pulling 860 kh/s. I'm on dogepoolnet, and right now I'm noticing that the current block is at 250% done. Is this normal for a block to go unsolved this long?
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1Million?(Didnt read the article recognize the story and video)
12,500 BTC per month at the current rates.
~$8,125,000
His hardware investment was a million, I think.. ? Hes a really lucky(smart) man right about now then Nope, let me explain to noobs Hes the authorized North America reseller of Bitfury..... He competes directly with his customers.... and guess where are all the preorders money went to? Many ppl was "waiting" for their mining gear.... and eventually Dave just offer to "refund" anyway who cant "wait" Yup, the asshole use his customers money to fund his mining farm..... after he recoup the cost of the gear, he then shipped them out. The first batch he did ship them out fairly and it got him TONs of money for "second" batch..... There you go noobs, learn your lessons yet? I've warned ppl of not giving money to anyone thats building their own farm (Avalon, BFL, ASICminer....etc) but no.... idiots are blinded by greed. You can add KNCminer to that list, now. It's pretty clear that's what our orders were used for. |
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