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741  Bitcoin / Legal / Re: Why hasn't any government stopped Bitcoin? on: October 21, 2017, 02:02:16 PM
And how would any government stop bitcoin? I have been here for 7 years and have yet to see a viable method for stopping bitcoin.
How, why, who Huh
742  Bitcoin / Bitcoin Discussion / Re: Are Bitcoins taxable? on: October 21, 2017, 01:57:41 PM
No, bitcoin is not subjected to tax. The government will not be able to get any tax from bitcoin not unless they will be legalizing it which I don't think will be favorable to us users because that will be meaning that there will be other fees aside from the transaction fees that we already are paying.

Please at least read the thread before posting. Throughout most of the world bitcoin is taxable. Consult your local government.
https://bitcointalk.org/index.php?topic=7850.msg22769414#msg22769414
743  Bitcoin / Legal / Re: Wondering about Taxes and legal stuff in USA on: October 18, 2017, 02:10:07 PM
I do wonder how exactly can they implement taxes, I mean which %? How?

Let's take an example:

1/ I own a bank card issued in a country which is not USA, I used this bank card to buy 1 BTC for the price of $5500
2/ Tomorrow, the price of Bitcoin falls to $3500, I panick and sell my whole BTC
3/ the government has no idea that I lost money, and could imagine that I bought this bitcoin two years ago and made a nice profit
4/ so why should I pay a tax when I lost money? Will the government ask me for a proof of my BTC purchase?
This raises questions. In such as scenario, I can't see how this is different to investing in stocks.

In that case you would not pay. Capitol gains applies only to GAINS you made. Since you actually lost money you can file a LOSS. You have an offset to LOWER your taxes in that case.
744  Economy / Economics / Re: why is it so hard to buy bitcoin on: October 18, 2017, 02:04:10 PM
It is not really hard if you use Coinbase - OR IS IT? 

All you have to do is get approved by some government licsensed entity.
Give them your ID and have it confirmed that you are who you say you are etc,
Give them you ID again and again - because the automated system can not read your ID.
Give them your bank account numbers for payment
Pay transaction fees...  and wait for transaction to be approved.

Not hard at all...
Well those are the rules for using fiat because fiat is not yours. You may use dollars to store your wealth under the rules laid out by the owner/issuer, the federal reserve. So if you are into bitcoin as a way to get more fiat dollars then get used to following rules.
Bitcoin is not the problem, IMO. Neither is fiat. It is this back and forth that eats your profits. Besides, why would you want your fiat back when you have better money?
745  Economy / Service Discussion / Re: It is good to invest money to a btc doubler mining sites??? on: October 12, 2017, 03:29:09 PM
Think of it this way. If someone could "double" bitcoins then why would they need your bitcoins?
746  Bitcoin / Bitcoin Technical Support / Re: how to download whole database on: October 11, 2017, 05:20:39 PM
Assuming you mean the blockchain, you may also try "boot-strapping". That is downloading a copy of the blockchain outside of the wallet software. However, you must trust that download source. As mentioned above, core is your best bet. And it may not take as long as you think. It tends to download in spurts.
747  Bitcoin / Bitcoin Discussion / Re: Hotels accepting bitcoin on: October 11, 2017, 04:22:25 PM
If you book through Expedia you can get most any hotel paid for in bitcoin.  Wink
748  Bitcoin / Bitcoin Discussion / Re: Paying for citizenship using Bitcoins! on: October 11, 2017, 04:19:34 PM
I'm considering this offer. Depending on tax liability it could be a good deal.  Huh

Do you get dual citizenship for your country of origin and for citizenship to their island? I hope you do not have to give up your

citizenship of your country of origin to get their citizenship? What happens if you get dual citizenship and you want to travel to

the 113 countries, but your country of origin are not eligible to visit these countries?  Huh
I don't know? Those are good questions to ask. I would not give up my U.S. citizenship but dual citizenship is worth looking at.  I suppose it could all go wrong when Vanuatu declares war on another island and I'm drafted into the army. lol
749  Bitcoin / Bitcoin Discussion / Re: Paying for citizenship using Bitcoins! on: October 11, 2017, 03:21:56 PM
I'm considering this offer. Depending on tax liability it could be a good deal.  Huh
750  Other / Beginners & Help / Re: [Newbie] What is a Node actually? on: October 11, 2017, 02:35:54 PM
So if I make my own altcoin and keep the core wallet open 24/7 with the blockchain on my PC, other users can connect to me as a node?
Well no. If you make an alt-coin you fork the network and no other nodes will connect to you. You will have created another network running your coin. So you are also going to need a wallet capable of running your coin.

Yes. If I'm making my own altcoin and wallet. And I keep it open 24/7 with the full blockchain, will I need an VPS to host the node?
If I understand correctly you would not. Bitcoin (and maybe your alt) are peer to peer and no centralized server is required. If you are up 24/7 then your network will have at least one node up all the time.  As people join your network it becomes stronger than a server based system because it is hugely redundant.

In a server system taking out the server takes the network offline. In a node system all nodes must be taken out to interrupt the network. It is a far more resilient idea.
751  Economy / Speculation / Re: Bitcoin to hit the $30.000 mark before 2020 on: October 11, 2017, 02:26:14 PM
Just spoke with several financial experts with backgrounds in the banking sector. They told me once Japan opens itself up to the Bitcoin the currency is very likely to reach the 30.000 USD mark before 2020 since
Japan has been known to be a trendsetter and have high influence on the EU and US markets.

An opinion + a number = An opinion.
The data are not available to make such a calculation. While they are obviously correct that an open Japan would likely raise the valuation, ascribing a number to that is total guesswork based on opinion not math.
752  Economy / Service Discussion / Re: It is good to invest money to a btc doubler mining sites??? on: October 11, 2017, 02:20:46 PM
I think you know the answer to this.  Roll Eyes
753  Economy / Economics / Re: What Is with The Negativity Around Bitcion...... on: October 11, 2017, 02:06:21 PM
So I get it Ok, When this Bitcoin first came on the scene it was blasted. So as I watch what is happening with Bitcoin I have to say there are just people who speak and have No Clue what they are talking about.

The other observation is what I am reading is all past financial executives. They are really just making a fool of themselves.

I will leave with this if the SEC is getting ready to allow Bitcoin for trading this instrument is valid........

Yep. This is just the beginning. Wait till bitcoin is really burning down the banks. They are going to freak out and say all sorts of crazy stuff. It's going to be beautiful.
 Wink
754  Bitcoin / Bitcoin Discussion / Re: Why is Africa Slow on the Bitcoin Uptake? on: October 11, 2017, 01:45:55 PM
I think a lot of you have not been to Africa. It is not what you seem to think. About 25% of Africans have Internet access and in places like S.A., Kenya, and Nigeria, access is about the same as China. Africa is not a "country" it is about 53 countries and they are each different.
755  Economy / Service Discussion / Re: I paid and I did not receive it and now? on: October 11, 2017, 01:34:55 PM
This noob created a vague topic and then ran away.   

I have a feeling that this was created so that his alt accounts can come here and give a canned answer, ask for more details, or whatever.  Call me paranoid or over cynical,  but that's what I think.  There's no way to really answer the question unless he's specific about how he paid.  These account farmers are sly and know this, and that's why they crank out threads like this by the dozens.

I think you are right. The trolls know that their threads will get locked if discovered. It seem the new technique is to post a horror story and pretend to play an innocent victim.

This story is likely FUD BullShit.
756  Alternate cryptocurrencies / Altcoin Discussion / Re: How is a value set for a new coin? on: October 10, 2017, 07:39:53 PM
Here is how many of them work.

Create a new coin and pre-mine 1 million of them.

Sell one coin to your best friend for $2.

Now go online and talk about your ICO. Because the price you established with your friend, you can claim your coin has a 2 million dollar market cap!

Buy back the coin from your friend the next day for $4. Now go back online and brag that your coin is up 100% in 24 hours!

  

757  Economy / Speculation / Re: Is it too late to buy bitcoin? on: October 10, 2017, 07:26:56 PM
The fact that we are on page 123 is the answer itself.
758  Bitcoin / Bitcoin Discussion / Re: Why is Africa Slow on the Bitcoin Uptake? on: October 10, 2017, 07:21:25 PM
I wondered this also. So I'm going there to find out.

Many of thee reasons people think are not well founded. Africa is a happening place right now with a lot of tech projects. And Africans are already using forms of digital currency without banks. For example a commonly used form of money in Africa are cell phone minutes. They trade them with their phones rather than use them to talk. So you might buy something from a street vendor for 36 talk time minutes.

I'll have more to report when I get back to the states next year.
759  Bitcoin / Bitcoin Discussion / Re: Bitcons are just empty numbers on the internet without any value or legal power on: October 10, 2017, 07:12:39 PM
Something that a lot of people seem to think is that their dollars are "backed" by something. Since leaving the gold standard that is not the case. It's just a belief in the value that supports it. And even when the gold standard actually backed our money it meant little. Gold nuggets are just shinny rock that people think are valuable.

As far as having no legal power. I don't know what that means? When I make purchases online I only use bitcoin. If the counter-party fails to ship or whatever I have the exact same legal recourse as if I had used dollars.

so is bitcoin just numbers? Maybe that is all that money is? But one valueless bitcoin is worth $4800 valueless dollars, that's a fact.  
760  Economy / Speculation / Re: Bitcoin Going Above 6k Soon!!!!! on: October 10, 2017, 05:53:33 PM
Trust me it is going above 6k soon!!!!!!!!!!!!
I agree that it will likely go over 6k, but why the hell would I trust you?  Cheesy
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