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821  Economy / Investor-based games / Re: DUALBITCOIN IS A SCAM on: February 19, 2016, 03:42:30 PM
Wait, a site that guaranteed returns is a scam?!!!? I for one am shocked.  Cheesy
822  Bitcoin / Bitcoin Discussion / Re: Do Bitcoins have Tax?? on: February 19, 2016, 02:59:35 PM
i hae never even considered taxes, man i have to think some things over.
Here is the good news if you are in the U.S.
The growth in value of your bitcoin is taxable under capitol gains tax. Just as if you bought a stock or anything that appreciates, when you sell or spend that item you must pay. Capitol gains varies but is often 10% (it may be zero depending on your tax bracket). That is way better than the 30-35% you probably give up for working your ass off. Cap-gains are a rich persons tax and so is much lower than you are used to paying.
823  Bitcoin / Bitcoin Discussion / Re: Do Bitcoins have Tax?? on: February 19, 2016, 02:47:23 PM
Haven't heard of it being taxed, that's because it is not being regulated by any government so it is safe to assume that it is not.
You need to talk to a lawyer man. It is NEVER safe to assume that. In fact, bitcoin is taxable in the U.S. and most every other place on Earth. "I didn't know?" is not a defense and you would own the tax, the penalties, the interest on the tax, and maybe some jail time. 
There was never a time when BTC was not taxable in the U.S.
824  Economy / Speculation / Re: wtf is going on?! on: February 19, 2016, 02:42:35 PM
Why do people always think someone somewhere knows the answer to this? You could just pull a work of fiction from your own rear end.
825  Bitcoin / Press / Re: [2016-02-18] How big banks are paying lip service to the blockchain on: February 18, 2016, 09:25:06 PM

You have a valid point about mintchip being a colossal failure, and I don't know exactly why that technology failed, but the banks technically already control the value, supply, and distribution, and already operate their network at a staggering cost. If anything, blockchain technology would reduce the cost associated with running the network and even provide a solid ledger to balance.

The only real obstacle I see for the banking system making use of Blockchain tech, is the revamping of their systems: why fix something that works and makes a ton of profit by the various loopholes available. If a new system is needed, it would be easier to create that optimal banking system outside of the already established bank's jurisdiction, and unleash it to the world hoping it catches on so the establishment can fail without having to pay any repercussions.

Clever move illuminati, clever indeed
I see what your saying and it all could happen that way. My hopeful thought is that because banks are not able to leverage the massive numbers of users that bitcoin has it should be much more expensive than the bitcoin network. As you point out, people are paying now and if they don't know the difference they may well pay for this also.
For me bitcoin is the only option because there is no justice, just us.
826  Economy / Economics / Re: Economically speaking does anyone actually not want economic equality? on: February 18, 2016, 09:12:35 PM
I only care about economic fairness. That does not mean everyone is going to be equally rich or poor, rather that everyone has a chance to compete. The inequality we see now in America is, IMO, due to the efforts of entrenched power to keep the poor out out of investing. Poor people are supposed to work their asses off for pennies so that the investor class can make dollars from their labor.

Bitcoin is the first fair money I am aware of in history. Unlike the dollars you think you own, bitcoin is actually yours to do with as you please.

Ok thats a reasonable position for the right now maybe.

In reply to bitcoin being the first fair money, was physial gold not a fair money also?  Its useless the fact you have to store/hide it yes but if you have some gold it is yours to do with as you please or isn't it? gold has barriers to entry and so does bitcoin - although for bitcoin that will get easier but who knows maybe gov will crush us (doubt it).
Hmm. That's a good one bro! Gold may well be seen as fair money, and like BTC, anyone is free to try mining some. It's fungible, universal, and mostly like property. Well, until this happened.

827  Bitcoin / Bitcoin Discussion / Re: Bitcoin is "outdated", the blockchain is the "new Bitcoin" on: February 18, 2016, 09:04:39 PM
If you were a bank guy you may have spent the last two years laughing at bitcoin and talking about how dead it is. The idea that you were totally wrong and now must admit it is just too much. So... let's just call it the blockchain and maybe no one will notice.  Cheesy

In reality, bitcoin is the blockchain. Obviously there aren't even any "coins", just the blockchain.
828  Other / Politics & Society / Re: Donald Trump LOVES bitcoin full transparent encryption ! on: February 18, 2016, 08:59:09 PM
For clarification, here is the request. Obviously much more is being sought than access to a single cell phone.



And this from the same people who have regularly broken the law and violated our right to privacy. I am no longer willing to take our intelligence apparatus at their word. They have violated the public trust and should have their efforts resisted. All this is their own damn fault. It is their wrongdoing, as shown by Edward Snowden and others that destroyed the public's faith in law enforcement.

Now is the time for us to go dark. 
829  Bitcoin / Bitcoin Discussion / Re: Bitcoin is in trouble on: February 18, 2016, 08:48:30 PM
This is easy to solve guys. Just give the FBI a master encryption key, what could possibly go wrong? Or are you some kind of iPhone using terrorist?
830  Bitcoin / Bitcoin Discussion / Re: Can we quit pretending people are Satoshi? on: February 18, 2016, 08:44:37 PM
I think Satoshi has said everything that needed to be said in the protocol.
831  Bitcoin / Press / Re: [2016-02-18] How big banks are paying lip service to the blockchain on: February 18, 2016, 08:41:10 PM
"blockchain technology"

I'm afraid of big companies like IBM creating such technology, as I fear it's a direct stab at Bitcoin's survival. If IBM creates a 'coin', other companies are more likely to get on board with their tokens than they would with Bitcoin. I could be completely wrong, but when crowd-controlled open-source goes up against proprietary closed-source, typically the corporations win in the end.
I disagree a bit. A bank blockchain coin would require the bank to operate all the machines at a staggering cost. Bitcoin provides incentives to enter a market and compete for coins beyond anyone's control. A bank coin is a coupon to be used at one place under the terms you are given. The value would be determined by the bank and would be a work of absolute fiction. The supply, the distribution, everything would be controlled by the bank.  
I would not even consider using such a system. It has been tried by many now and I have not seen a single success. Ask the Canadian government how "mintchip" is doing.  Wink
832  Economy / Goods / Re: What will you buy from India on: February 18, 2016, 06:43:22 PM
What about the low cost indian phone "Freedom 251"? I read this week some information about a very low cost under 5 dollars phone. But i don't know if its possible to buy it now, or if it will be avaible on following weeks. I think in this case could be higher the shipping cost than the phone.
These are cool! A phone that costs 10 times less than a month of phone service.
833  Economy / Currency exchange / Re: Buying BTC through Paypal on: February 18, 2016, 06:41:42 PM
Good-bye money! lol  Cheesy
834  Economy / Economics / Re: Economically speaking does anyone actually not want economic equality? on: February 18, 2016, 06:39:55 PM
I only care about economic fairness. That does not mean everyone is going to be equally rich or poor, rather that everyone has a chance to compete. The inequality we see now in America is, IMO, due to the efforts of entrenched power to keep the poor out out of investing. Poor people are supposed to work their asses off for pennies so that the investor class can make dollars from their labor.

Bitcoin is the first fair money I am aware of in history. Unlike the dollars you think you own, bitcoin is actually yours to do with as you please.
835  Bitcoin / Bitcoin Discussion / Re: Bitcoin is in trouble on: February 18, 2016, 05:28:02 PM
Is this reliable info or just trololo?
I just don't understand why did they attack hospital this is very unethical and bad!
Maybe the hospital’s CEO, Allen Stefanek is involved somehow?
Hackers don't attack hospitals more likely corporations.. Huh

I would not dignify these people as "hackers". Maybe it's because I remember a time when hackers were heroes not vandals and thieves. We should not be at all surprised to see this. it's completely logical to ransom data and does not require some grand conspiracy. There may be millions of people who would do this for $17,000.
836  Bitcoin / Bitcoin Discussion / Re: Bitcoin is in trouble on: February 18, 2016, 04:30:27 PM
The real issue with this is the hospital itself funding the hacker. This way, more hackers get encourage of doing the same (with the expectation of getting what they want). Wrong move IMO and they should have tried to find the hacker instead but now his gone but there's no assurance that he won't do it again in some time soon...  Embarrassed
I agree with you man. As long as people pay a ransom then game logic shows that it will happen again. This is why the U.S. faces far less kidnapping than other nations. We do not pay, and in some cases it is illegal to pay a ransom. For example if DAESH used crypto-locker you could not pay them.
837  Bitcoin / Press / Re: [2016-02-18]Dutch Burger King Accepts Bitcoin on: February 18, 2016, 03:44:27 PM
Super cool! I should bring this to local franchise owners.
838  Other / Politics & Society / Re: Donald Trump LOVES bitcoin full transparent encryption ! on: February 18, 2016, 03:42:21 PM
...

RodeoX

If the FBI (NSA, etc.) does indeed want a General Backdoor (that would allow them to remotely unlock any iPhone at will for example), well then of course I would be strongly against that.  They have no business having such access just so they can go on fishing expeditions...  Or harass any opponents, real or imagined. 

Also, if Apple gives ANYONE a key to the Backdoor, then they would give it to the Russians and the Chinese as well.  Apple would thereby eliminate some of their market.

*   *   *

I agree that the time comes when ordinary citizens ought consider getting educated in basic encryption (and using it), and the more variation the better.

*   *   *

In the case of Bitcoin, the more people protect themselves, and the more services offering some protection (bitmixer.io for example), the better.
Those are my thoughts and concerns also. I think advocates for breaking encryption have been very disingenuous and deliberately confusing about this. I keep hearing that this is about one phone and one piece of software, but ask them if you can have that one piece of software when they are done and see what happens.
What happens when China wants my phone? Only they can protect me from the terror that is freedom. They should get my phone also. And what about pedophiles? Am I one? How will you know until you can access all my phone calls and messages?
The governments assertion that I have no right to have a private conversation is ludicrous and unconstitutional. I actually saw someone on the news defending the government by noting that the constitution only protects your "papers" and since these are not on paper it's ok to steal them. 

I just printed out my passwords on paper. How do you like me now?  Angry
839  Bitcoin / Bitcoin Discussion / Re: Bitcoin is in trouble on: February 18, 2016, 02:51:05 PM
Somebody is going to be in trouble, but not bitcoin. And when I see these claims of a government takeover or crackdown it is never accompanied by a method of how it will happen, or a legal argument for how such a thing would be lawful.

So How?

I guess it's just a made-up story that bitcoin users to panic and sell bitcoin that he had. I think that made the news it is someone who hates bitcoin
Oh no, it's quite real and a growing threat.
840  Other / Politics & Society / Re: Donald Trump LOVES bitcoin full transparent encryption ! on: February 17, 2016, 09:26:26 PM
-snip-
bitcoin's full transparent encryption
-snip-

What is that supposed to be?
No idea? But I would resist forced decryption or "back dooring" software with all my might. If we loose encryption we loose everything.

"Trump argued vehemently that Apple should help investigators crack the phone’s encryption system"
F-ing Nazi.


Two things:

1)  I believe (could be wrong) that the FBI wants access to iPhones when there is a court order.  The iPhone in question was used by a San Bernardino terrorist.  Apparently (?) the FBI cannot get in...  With a court order, I have no problem with the FBI on that.  Apple should be allowed, however, to encrypt however they want.  Look at what happened to CISCO (losing the confidence of overseas customers) once they gave away their encryption keys to .gov.  Note that the FBI/Apple issue NOW is this case, not a BACKDOOR (allowing an easy automatic system for .gov to get in).
Unfortunately what they want would jeopardize every iPhone. There is no breaking just one phone, it's all or nothing.

Quote
2)  The time will be coming soon when each of us may have to (or want to) do some encryption of our own.  Different means of encryption would make it harder for our privacy to be invaded.
IMO, that time is here. I only buy unlocked phones then use strong encryption. Tools like surespot are awesome!
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