I don't think that the revealing of Satoshi Nakamato will have a very big impact on bitcoin. And governments to put him to jail? Let's be serious... In the best case they would ask Satoshi to work with them as you don't find a genius like him(or her,who knows??) on every road.
I don't see Satoshi working with any governments. If he was inclined to work with them, he could have done so before creating Bitcoin. He would have to cede power to the governments and from his behavior until now, we know that he would hate doing that. |
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There is arbitrage if you can buy gold in London, move it to Shanghai at zero cost, sell it there and transfer pounds back to London. Unfortunately, in real life there are capital controls, transportation costs, import duty, etc. |
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This is surprising, considering that Mt Gox was based out of Japan and that Japan has already passed laws regulating crypto-exchanges.
Considering the Bank of Japan's failed monetary policy experiments, people might just look at Bitcoin positively. This could be the BoJ's fear.
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They are not planning a hard fork. There is a proposal to increase the blocksize to 2 MB.
The current focus is on Segwit. Only if this doesn't result in a significant improvement in the congestion situation, will an alternate proposal be considered.
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I countries where there is huge inflation, bitcoin can be a good store of value. I think that is the situation in some countries in South American as well. As long as you have a way to transfer the fiat currency to bitcoin,it can be a good alternative.
Nobody is looking to Bitcoin as a hedge against inflation in India. Only in countries where there is hyperinflation could bitcoin play such a role. The problem in India is the cash crunch. My view is that it is a temporary situation. |
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They can only find out where particular transactions propagated from. It would be tough to conclusively link IP addresses and actual wallet addresses. I don't think that needs to a point of concern, whether you are using tor or not. |
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It is good to know that they have released the proposal for public comments. This seems to be the right step forward, as the government can get the views of the crypto community before implementing the regulatory guidance. |
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He is hedging his bets, doesn't want to back the wrong horse. He seems to be backing Bitcoin core here - talking about the benefits of decentralization and talking about the contributions of Bitcoin command core.
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~ to hide hundreds of millions of dollars belonging to US citizens. ~paid a fine of $780m ~
If the same were to happen to Coinbase then I would say they better close now or suffer the consequences~
the amounts are not even the same, those who have this much money in bitcoin are never going to use coinbase for bitcoin ever. besides they have been working with the government from the beginning and honestly i am surprised this has only surfaced today. it seems like people have forgotten how US government arrested KAT owner? There will be a few large accounts. It is unlike the IRS to issue a summons and follow it up to win the court case, if they didn't suspect large scale tax evasion. It definitely won't be similar to the scale of UBS, but it will be substantial. |
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I wish we had some information on the amount of people the IRS has working on the Coinbase case.
I doubt they could go after smaller accounts, they are probably only targeting the "big fish" on the site.
Seems like it would take too much time and money to go after every person who made a few hundred dollars on the site.
Even if the IRS goes only after the big fish, it is the threat which could get people to declare profit from bitcoins. You punish a few and the rest automatically fall in line. |
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One reason why btc attracts me is Im just earning it from my phone. Though its a bit hard. You can earn from nothing to huge without going outside. And I can gamble without knowing my true identity.
How do you earn using your phone? Through signature campaigns or faucets? The money you earn through faucets probably won't be enough to pay for the data charges on your phone.  |
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For those who are not familiar with the term 'off-licence' shop, it is a shop licensed to sell alcoholic beverages for consumption off the premises (as opposed to a bar).
Is he interested in accepting bitcoins as well? He could make a tidy amount by accepting bitcoins and then selling them through his ATM.
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The title of the article itself is misleading. Instead of "ISIS raises funds through bitcoins", the author says "Bitcoin is funding ISIS".
In any case, the Indonesian investigators should target the fund raising network of ISIS and jail the guilty, instead of making random statements on Bitcoin.
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If I understand this correctly they don't want to patent existent bitcoin tech but some sort of solution they invested to prevent stealing private keys.
So it is not exactly patent trolling, correct? Patent trolling was attempt from Craig Wright when he wanted to patent blockchain as his invention.
But their reason is so embarrassing that at this point I don't believe in their good intentions anymore.
Maybe it is me who misunderstood patent trolling. As I understand it, an entity applies for a patent but does not have the intention to build what he or she has patented. So when someone else accidentally "invents" the same idea the entity who applied for the patent first has the right to file an intellectual property related case against the person who has actually built the invention. I am not sure if that is a case of patent trolling but I think that is what some of these companies are doing. They might not have the intention to build now, but they think these patents might be useful in the future. Even if these patents are not built upon, it might be useful in litigation. For example, if a big company sues you for patent violation, you can counter-sue if you hold a patent which they are using. Like in the Google vs Samsung case. |
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Look at china. They had so many people that they decided a democracy would be unsupportable. How can a single government represent the interests of 7 billion people?
The world government will initially not concern itself with issues of local culture, but rather of issues which can only be regulated with a global jurisdiction, such as the regulation of crypto-currency, the SDR international reserve currency basket, and nuclear waste safety. You already have the International Court of Justice, United Nations, Security Council, etc... Even if we do move to a world government, what matters is the powers it has. If most of the power is in the hands of the nation states, it will just be status quo. The presence of a common world currency won't make any difference. |
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This shouldn't be the end of the war. If tech companies can take the government to court (and win) to ensure user privacy, bitcoin companies should too. This judgment should be challenged in an appeals court. |
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real money, has been accepted by all the people of a country, and it is a medium of exchange that is set by the government. whereas, bitcoin is a cryptocurrency available on the internet, and has a high price, which is usually used as a means of transaction, investment, trading, and others, whose existence has not been accepted by all communities.
I wonder why everybody is still fixated about the price of Bitcoin.  Do you bother about the price of the dollar or the Euro? You just go ahead and use it. Do the same with Bitcoin as well. Receive Bitcoin for goods/services and pay bitcoin for goods/services that you receive. |
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I wouldn't call the increase to $740 as a spike. We have been in this trading range of $730 to $76- for quite some time now. It is just that the volumes have increased at this point in time. |
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According the legislation of my country there is no tax for bitcoin transactions. Even more there is no VAT because bitcoin is considered not a coin, like as fiat, but an agreement between two parties
In any bitcoin doesn't have tax for transactions. But if you wish you could consider minig fees as the tax for your every transaction. Apart from this fees there is no any charges for bitcoin. Those transaction fees are considered as a tax on my part but not connected into government but its just a little amount to consider as a tax. Its impossible for government to impose taxes on bitcoin and thats the good thing about it. Unlike fiat which is already regulated by government then tax is expected. Electrical power the miners use is taxed. So bitcoin users pays taxes to governments bitcoin mines are by paying fees to those mines. Bitcoin users mainly helps financialy the Chineese government that way. So its a folly that bitcoin users make that they are somehow independent of the world. They are not. Ofcourse they pay less taxes then other industries. But truth is truth. If you dont mine your own bitcoins with your own powergrid - you support China basicly. Taxes on the inputs that you buy is different from income taxes / taxes on profits. All manufacturing companies use power, materials etc. These inputs are taxed by governments. That doesn't mean manufacturing companies don't pay income tax. |
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Well, the situation isnt getting any better. More than anything, its getting worse. This was a move against the common people, more like the government tried to kill the crocodile and dried the entire pond and killed a bunch of innocent fish instead.
It was something unprecedented. Hopefully other countries learn lessons from India's mistake and don't repeat mistakes. It was a costly mistake, but at least the world can learn something from the whole experience. |
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