Upon closer inspection it appears that it only defers taxes for 8 years and then reduces them by a paltry 15%.
I don't think that is true: (c) Special rule for investments held for at least 10 years
In the case of any investment held by the taxpayer for at least 10 years and with respect to which the taxpayer makes an election under this clause, the basis of such property shall be equal to the fair market value of such investment on the date that the investment is sold or exchanged.Of course, IANAL. I don't understand how this interacts with the 2026 date. I think they just set 2026 as an expiration date of the law. |
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Or I go die alone on an island in middle of nowhere. Perhaps a floating island. Though I won't be alone. There will be others who want to swim out past the breakers and watch the world die.
What about a island in the sky? A orbital island, perhaps? Sounds like fun. Do you know of any projects that are close to having something like that created? |
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Collectivism is a good sign of weakness. It shows that you are not mentally apt enough to see people as individuals with their own thoughts and ideals. Instead you lazily put people into groups based on whatever criteria you come up with to ease your weak brain from needing to think too much.
Yea well the blacks collectivize and the hispanics collectivize and the Chinese collectivize. And all of them see white people as a collective group so they have no qualms about blaming you for the actions of other white people. If you choose not to collectivize with your people than you are going to get steamrolled by people who are willing to do that. It's that simple buddy. I would invite you to die on your hill alone, as an individual, trying to repell the endless tide of people who are willing to collectivize except that I need you with me because I don't want to die all alone on a hill taking my final comfort in that I was an individual at the end. So it's time to man up and stand with your people. *edit* I should make a clarification. I'm not an individualist or a collectivist, I'm a necessarian. It's liberalism, and the individualism that is part of liberalism, that lead white people to the success that we found in 16th through 20th centuries and are somewhat clinging to in the 21st. We should advocate individualism where we can and collectivism where and when we must. It's a bit like violence in self defense. You don't want to go around punching people all the time to solve your problems, generally speaking violence is bad, but you need to be prepared and willing to use it when and if you must. Or I go die alone on an island in middle of nowhere. Perhaps a floating island. Though I won't be alone. There will be others who want to swim out past the breakers and watch the world die. |
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Whether the price is up or down, anyone with bitcoins is rich in Venezuela Venezuelan bolivar/BTC. Last 3 months.  Bitcoin to the moon!!! in Venezuela |
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Collectivism is a good sign of weakness. It shows that you are not mentally apt enough to see people as individuals with their own thoughts and ideals. Instead you lazily put people into groups based on whatever criteria you come up with to ease your weak brain from needing to think too much.
Grouping people together based upon melanin count is just ridiculous. Melanin changes. It would make more sense to group people based upon eye color which doesn't change (though it can be masked). Pick a trait that doesn't change with sun exposure. Ear size? Hmm, that changes as you age. Best to go with eye color. That's about the only thing about your body that doesn't change throughout your life.
Then you can put in your mind "everyone with green eyes is...X...", "everyone with brown eyes is...Y...". Of course, whatever eye color you have you need to define it as being superior.
Perhaps that's why people choose the date they are born to group themselves. That doesn't change. "Geminis are all...X...!", etc.
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I predict an explosion in ethnic violence at some point across the entire western world, and most people will be taken by complete surprise.
I know plenty of mixed race folks. Who are they going to kill? Themselves? No, the white half will apologize to their ethnic half for 'white privilege' in order to spare themselves. and if there is no white part? some sort of order of historic oppressiveness needs to defined. The guys at whatever KKK site is going today have many criteria on who is "truly white". Things such as, you can't date anyone non-white or you, by association, become non-white. If you have any non-white ancestry, you are then non-white. If you associate with non-whites you become non-white. If you have neighbors that are non-white you are now non-white (unless you burn a cross on their lawn, then that purifies you). If you are shorter than 5' 6" you are not pure white. If you wear pants that are not the exact correct size you are not pure. If your hair is longer than 1 inch you are a hippy who likely lives with non-whites so you are likely non-white. If you are not a protestant you are not pure. If you eat bread that is not white, you are non-white. So, basically there are about 12 people that are "pure white" that will be waging war against all those that are not pure. Should be a short war (but not by short people because they are over 5'6). |
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According to this chart, bitcoin will be a full global currency between 2050 and 2060. Make it so. |
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I just think it’s kinda cute how most of the Republican administration seems to be in bed with Russia. Quite literally.
It’s also fun to point out how many right wingers are traitors, prepared to sell democracy down the river for a few bucks.
What do you prefer, war or peace? This is a binary question. There will be no waffling. You do realize that question is straight out of the Russian propaganda textbook? It’s hard to tell if you guys sincerely believe what you are saying or are just parrots without understanding. It is possible to stand up to Russia in the Crimea and not trigger a nuclear war. Just like America could stand up to North Korea instead of being made a fool of. The Russian economy is the size of New York. By allowing yourselves to be pushed around by a tin pot dictatorship is a joke. I take that as pro-war. You would find many friends in the Republican Party who love war. Bitcoin will make wars (especially long drawn out, meaningless wars) very difficult to fund. |
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After going through the whole process of verifying my account on WEX.nz, sending them signed transactions of wallets I control that received LTC, PPC and BTC from them along with much more proof they sent me this: Hi, Unfortunately we haven't found any way to work with USA citizens yet. We will renew our news portals when this possibility appears Best Regards, WEX Support Knowledge Base https://wex.kayako.comUtter bullshit. I'm not even a US resident. I haven't lived in the US for 5 years. Bitfinex was fine with non-US residents using their exchange. Non-US residents are not bound to the same SEC or exchange laws as US residents. They can just come up with some new reasons (after they have your money) on why they can keep your money. |
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After going through the whole process of verifying my account, sending them signed transactions of wallets I control that received LTC, PPC and BTC from them along with much more proof they sent me this: Hi, Unfortunately we haven't found any way to work with USA citizens yet. We will renew our news portals when this possibility appears Best Regards, WEX Support Knowledge Base https://wex.kayako.comUtter bullshit. I'm not even a US resident. I haven't lived in the US for 5 years. Bitfinex was fine with non-US residents using their exchange. Non-US residents are not bound to the same SEC or exchange laws as US residents. They can just come up with some new reasons (after they have your money) on why they can keep your money. |
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I think the key to look for (I haven't been paying attention enough to the new ETF to know) is, if the CBOE is trying to change the rules in the same way that Winklevoss ETF did. Which they require some safeguards to manipulation according to their shit response.
They said that they would approve something with existing futures markets if "an ETP listing exchange...demonstrates in a proposed rule change that it will be able to address the risk of fraud and manipulation by sharing surveillance information with a regulated market of significant size related to bitcoin"
Is this what CBOE is doing?
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The SEC gave a roadmap for how they would accept a rule change:
"existing or newly created bitcoin futures markets may achieve significant size, and an ETP listing exchange may be able to
demonstrate in a proposed rule change that it will be able to address the risk of fraud and
manipulation by sharing surveillance information with a regulated market of significant size
related to bitcoin, as well as, where appropriate, with the spot markets underlying relevant
bitcoin derivatives. Should these circumstances develop, or conditions otherwise change in a
manner that affects the Exchange Act analysis, the Commission would then have the opportunity
to consider whether a bitcoin ETP would be consistent with the requirements of the
Exchange Act."
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Well, that dip was entirely uncalled for !  Looks like the rejected Winklevoss ETF might have spooked the ETF hype folks. The reason given is that there is too much manipulation of bitcoin prices outside the US. There is nothing different with the other ETF applications that would change that. |
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No ETF because...bitcoin is traded outside the US. Unlike gold, oil, etc.? |
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Here is a good, brief overview of IPv6 vs IPv4. Summary: As currently implemented IPv6 networks might actually be less secure than IPv4. This is not because of the design IPv6 but because of inadequate support in firewalls and because network administrators and security specialist have more knowledge dealing with IPv4 than with IPv6. Exactly. The longer we go with Bitcoin as the dominant currency over Bcash the harder it will be for there to ever be a "flippening". Imagine 2 years down the road people saying..."ok, to use 'the real Bitcoin' you need to sell your Bitcoin Core coins and buy bcash, and change your wallets, and give up all of the second layer resources you've been using like LN, Schnorr, RootStock, etc." It's all moot though. Bcash has fallen to .1 BCH/BTC and falling. At it's highest price Bitcoin Gold was .06 BTG/BTC. Can we all agree to talk as much about BCH as we did about BTG when the price is down to .06 BCH/BTC? |
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Even if bcash is better, look at IPv4 and IPv6. IPv6 is objectively the better standard. It has enough IP addresses that you could have one for every electronic device in your home.
IPv6 has been around since the late 90s. And yet we still use IPv4. Why? Everything has been built on IPv4. It's established. Getting everyone on the Internet to migrate to IPv6 just never happened. Could it? Should it? Maybe. But it didn't.
With limited IP addresses the Internet stopped working right? No. They just adapted and used various layers to represent the various devices you use every day. You may have one router in your home which then assigns a local IP to your computers and phones. Most people have dynamic IP addresses so that when someone's no longer using an IP address it doesn't just sit there, it can be used by someone else. The Internet adapted. The end of the world did not happen as the IPv6 advocates proclaimed would happen once we ran out of IP addresses.
So work with the current Bitcoin protocol and do what you can to make that work because that's what we've got.
IPv6 is used for some LANs and other things within businesses. Maybe bcash can go that route. Who knows.
I can tell you why IPV6 was not adopted out of the box and that is because there there baked in vulnerabilities that M$ and 3 letter agencies tried to push to us and we spent a lot of time and effort vetting that and stripping it out. As far as it's current iteration, I have no clue. Yes, there was something in the encryption (I'm still not certain that the encryption was broken or it worked so well that the NSA didn't want people to use it). I recall in the late 90s getting a memo sent out to all government agencies warning us not to use IPv6, stating that the NSA found some vulnerabilities. Perhaps they found that they can't spy on each transmission. But the key being the analogy of more IP addresses. A 1 or 2 minute explanation promoting IPv6 and bcash can easily convince many people that it is superior. "We're running out of IP addresses/transactions per second. When we run out, IPv4/Bitcoin won't work anymore. This new protocol will fix that problem. Adopt it if you want to keep using the Internet/Bitcoin." The fact that the supposed solution is broken does not make the sales pitch. |
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I don't understand bcashers. You can not scale on chain. It's complete madness. The math is so simple. Are they completely math illiterate or do I misunderstand their movement and ideas in some way? Even if bcash is better, look at IPv4 and IPv6. IPv6 is objectively the better standard. It has enough IP addresses that you could have one for every electronic device in your home. IPv6 has been around since the late 90s. And yet we still use IPv4. Why? Everything has been built on IPv4. It's established. Getting everyone on the Internet to migrate to IPv6 just never happened. Could it? Should it? Maybe. But it didn't. With limited IP addresses the Internet stopped working right? No. They just adapted and used various layers to represent the various devices you use every day. You may have one router in your home which then assigns a local IP to your computers and phones. Most people have dynamic IP addresses so that when someone's no longer using an IP address it doesn't just sit there, it can be used by someone else. The Internet adapted. The end of the world did not happen as the IPv6 advocates proclaimed would happen once we ran out of IP addresses. So work with the current Bitcoin protocol and do what you can to make that work because that's what we've got. IPv6 is used for some LANs and other things within businesses. Maybe bcash can go that route. Who knows. |
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In addition, the "opportunity funds" you'd be investing in appear to grow tax-free, forever, and they can be restructured without losing their status. So, they're essentially treated like retirement accounts -- no taxes paid until you withdraw the gains. I can't run the numbers, but quite a lot of compounded growth is possible with this structure, because they operate tax-free.
Any idea if I could put the headquarters of a bitcoin ATM company in an economic zone and claim it that way or would all of the actual ATM machines themselves have to be in economic zones too? I actually have been thinking about starting a little bitcoin ATM business for a while. during substantially all of the qualified opportunity fund’s holding period for such property, substantially all of the use of such property was in a qualified opportunity zone. Well there's my answer. Gay. You couldn't put bitcoin ATMs in these places. They would get robbed like every day.
I actually do have one other business idea that I've been mulling around for a while that would be particularly suited for these sorts of areas. An idea for how to house people at a rate that the homeless could afford and would prefer to the street. Basically a very small room that essentially worked like the inside of a dish washer, so that you wouldn't need to pay staff for cleaning, coupled with leveraging biometrics and reputation to ensure that customers couldn't get away with too much abuse of the facilities. What do you guys think? I can never tell if I'm a genius or completely mad. At one point I considered building a bar out in middle of nowhere. Part of my idea was to have such rooms (for the drunks so they don't have to drive home). Have some sort of plastic covering for the bed and such. It's just a pod that you slip into, then once you leave it sprays it down. You check out your blanket I suppose. Or figure that part out another way. Something like this?  As for starting an actual business that I thought would profit in one of these zones...you might as well ask me to start a business in a communist country. There's a reason they're run down. Their governments have run them to the ground and chased away anybody seeking to make a profitable business long ago. They'd be glad to have their next suckers to drain. |
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Did it have an effect on Bitcoin
Facebook plunges 24% as of Wednesday
Is this a shitcoin chart?  Nope. Just Facebook Down on bad news of their sales being down. And here I thought all of my personal information was worth a shitload to these companies. |
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Do explain and I will stop asking?
The main point of this thread is follow the Bitcoin markets, price, and buy/sell walls. We get off topic sometimes (or most of the time). However, some people, including me, feel like you're cluttering the thread up with too much off topic stuff. And very long, multiquote posts. The majority of people here, including myself, despise Roger Ver, btw. I would second the suggestion to post the Ver comments on the Bcash thread, where they would be more relevant: https://bitcointalk.org/index.php?topic=2040221Another suggestion would be to start a new thread where you can talk about taking revenge on Roger or whatever. There was evidence there and you know it. Very dangerous evidence, that could full well impact Bitcoin markets and my personal safety. All linked to the big block debate, lightning, segwit and the bitcoin forks Trying to destroy a blockchain they have done criminal things on. I haven't been watching this mymenace guy but it looks like a bot. His response to infofront telling him he's off topic is to scream about Roger Ver. Most people point out the 1000s of other people posting off topic in response to being told their off topic. It's almost as if his posts are being taken from somewhere else, reproduced here for some sort of astroturf campaign. |
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