No impact per se, as just a single adjustment would have, but I believe there is a close relation to the hunter-prey equations.
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We need a troll section. And a proper mod who doesn't much like trolls. This place is pathetic.
I would volunteer for that.
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Use an Exchange which doesn't care probably. Of course it really depends on how widespread that VAT for Bitcoins thing really is. If it's EU wide (which I doubt since Germany has published that "Bitcoin is considered private money" letter) I'd be starting to be concerned. But even then I think there would be "services" for "smuggling" Bitcoins over the Internet.
Of course I agree that a wide spread VAT on Cryptocurrencies would prevent Bitcoins usage as a money substitute.
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Clickbait Tilte, would not click again.
And I doubt anybody will be paying VAT for trading Bitcoins anytime soon, at least not in practice.
So what title would you suggest? The law is the law. You will be amazed when Bitstamp gets scared by the law that will become reality in the beginning of the next year. If they don't comply they will be shut down. Thus, they will comply and start asking 20% tax on all bitcoin sales. Perhaps something like "Bitcoin could be subject to VAT for some of us soon." I think that once an exchange charges VAT it can pretty much shut down as long as there are other ones which do not. I also don't see how this is relevant to Bitstamp, it's not in Estonia. Yes I know if a good is "exported" to another country in the EU VAT for that country has to be charged, in theory. But do you really think anybody will pay that as long as there is a way to circumvent it, especially considering how easy it is?
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Clickbait Tilte, would not click again.
And I doubt anybody will be paying VAT for trading Bitcoins anytime soon, at least not in practice.
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The 2011 bear market began after the golden age of GPU mining, the 2014 bear began after the golden age of ASIC mining.
The bottom happened about the same time as the electric cost exceeded the trade value, the period was quite brief. In order for that to happen at current difficulty price would have to tank to ~100-120.
Interesting too, but are you sure it's at 100-200? I am not an expert in this but I've heard some folks talk about the low 300s high 200s as the underwater point. It depends on whenever you have a recent miner or cheap electricity. IIRC at the $2 bottom electricity costs exceeded trading costs even with fairly cheap electricity ($0.1 per kW/h) and a recent GPU. To determine that I used the Bitcoinwisdom calculator with 0% difficulty increase and tweaked the price till about every ROI was at infinity. It may be lower still because the calculator should take the block reward reduction into account but it's just a ballpark figure anyway. Where I live I would already be underwater for most ASICs (I pay €0.2 per kW/h). Reversal at that point makes even sense from a supply demand perspective: People who are looking for the cheapest way to obtain as many Bitcoins as possible are mining most of the time and once it's not longer the cheapest way they should rationally resort to buying. The thesis is that this makes a significant difference because they are new market participants at that point.
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The 2011 bear market began after the golden age of GPU mining, the 2014 bear began after the golden age of ASIC mining.
The bottom happened about the same time as the electric cost exceeded the trade value, the period was quite brief. In order for that to happen at current difficulty price would have to tank to ~100-120.
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has anybody said buttcoin yet?
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One thing is certain: It will be hilarious.
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We are having problem with this exact issue. Does anyone have a more comprehensive tutorial on how to communicate with the BTC-E API without getting the following response every time:
{success=0, error=invalid nonce parameter; on key:0, you sent:'', you should send:1}
You've seen that? https://bitcointalk.org/index.php?topic=122006
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The silkroad crash and subsequent recovery pretty much coincided with the rise of the willy bot. I speculate is might even been brought into existence to get the price to recover at that point and the was left in operation because it worked so 'well'.
The Markus and Willy bot existed and operated before the Silk Road 1 seizure. It's all documented in the Willy report. really? I must check I'm just aware about the rough timeframes or there might have been a mixup in my head. Well the silkroad spike was on 2nd October and the Willy Bot was created on 27th September, that might have been a coincidence but it still looks suspect to me.
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The silkroad crash and subsequent recovery pretty much coincided with the rise of the mtgox Willy bot. I speculate is might even been brought into existence to get the price to recover at that point and the was left in operation because it worked so 'well'. Lets see perhaps bitstamp has come up with their own version. BTW I call dibs for it's name now: It's the Hubert bot.
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user in Reddit contradicts the news
lol
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This damn forum is so embarrassing
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SR2 wasn't the most used DNM or even the 2nd.
By what metric? how about number of listings? or number of vendors? How about you post it.
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By what metric?
By what metric? Are you serious? BY EVERY METRIC EXCEPT PRICE. Would you even make such an asinine comment if the price was $2,000/coin? THERE IS MORE TO THE BITCOIN ECONOMY OTHER THAN PRICE, PEOPLE. Quote your sources then.
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^ Hello! Haha. I don't know what to expect, I'm in for the long haul. Hoarding to either prosper massively or go down with my ship. I bet you'll crack even before 2/3 unrealized losses. I've invested around £6000 (GBP). I'm at a loss of at least £1500 as it is. I have no interest in trading or cutting my losses. In it for the long haul, I can afford to lose that money. I'm not a stock broker or experienced trader, I'm just trying to make some money. I'm willing to wait 20-25 years or lose it all together. Better to dream & fail than to never try & have regrets. People who do that don't post in this thread or in that fashion. You"ll sell before you have GBP 2000 left.
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^ Hello! Haha. I don't know what to expect, I'm in for the long haul. Hoarding to either prosper massively or go down with my ship. I bet you'll crack even before 2/3 unrealized losses.
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The Bitcoin economy has grown tremendously in the past 12 months.
By what metric? SR2 wasn't the most used DNM or even the 2nd.
By what metric?
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