Early adopters were the people who mined BTC with their home computers, when it was possible. So that was before the arms race began with the invention of Asic computers and guys creating BTC farms in China. Before 2012?
I jumped in in early 2013, so I'm not an early adopter.
The arms race began long before there were Asics. Going from cpu-mining to multi cpu-rigs to the first humble gpu-miners to multi-gpu rigs to industrial style gpu-farms. The arms race was at least already full on in q1 of 2011. Apart from the definition I'd say early adopters all the way to end 2012. You're probably right, but I remember that nearly 3 years ago, on this board, there were several guys, individuals, explaining that they had mined their own coins. So I tried, leaving my computer running for 3 days, something I had never done before. Sadly, it was already too late to join the party as an amateur. I went back to switch off the computer when I'm not using it.
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Well, those 60 billions, if real, would now be invested or spent in Italy, so that makes money for business. If 1,000 tax dodgers buy a new car registered in Italy, go to a restaurant every day and have marble floors installed in their bathrooms, it's all good.
What sort of logic is that? So the honest taxpayers who paid their dues on time are idiots for not stashing their money abroad? This might give a temporary boost to the local economy. But in the long term, measures such as this one will encourage even more tax evasion, and the government revenues will definitely take a hit. No, because tax evasion in Italy (like nearly everywhere) is getting more and more difficult. Credit card use is on the rise, event at small restaurants, so there's much less income which can be hidden, and the Italian government has also forbidden the use of cash for transactions over a certain amount. Could be 1,000 € but I'm not sure.
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Early adopters were the people who mined BTC with their home computers, when it was possible. So that was before the arms race began with the invention of Asic computers and guys creating BTC farms in China. Before 2012?
I jumped in in early 2013, so I'm not an early adopter.
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That's only logic. Considering the millions he has already spent in his campaign, it would be stupid to leave now. When you play poker, you don't leave the table in the middle of a game. He will stay up to the end. You win or lose everything, but giving up isn't an option.
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If you earn 12000€ (gross) per year (like the majority of Italian workers) you'll pay at least 27% of income tax on it. If you are a privileged tax evader like those guys, you bring back your money for a ridiculous 6%! And maybe you can also keep the change. If this is the case, then I fail to understand what the government gains from it. I have seen tax amnesties in various Asian countries. On every single instance, the penalty was at least 30% to 100% higher than the maximum rate of income tax. Most of these amnesties were not very successful, but at least they don't encourage the tax evaders. Well, those 60 billions, if real, would now be invested or spent in Italy, so that makes money for business. If 1,000 tax dodgers buy a new car registered in Italy, go to a restaurant every day and have marble floors installed in their bathrooms, it's all good.
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I'm certainly no fan of Donald Trump, but unlike you, I believe in democracy and free speech. So anyone should be allowed to say what he wants to say, and anyone shall also be allowed to run for a political mandate. By the way, what do you propose regarding IS fighters having very offensive words against Christians and Jews? They are way more offensive than Trump.
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Hey, let's not complain! It will not last though. I've read many articles about how the taxmen are finding ways on how to properly check and tax all the people getting a little income from Uber or Airbnb. Income in BTC will be much harder to tax happily for us.
Hope what you are saying is true. Bitcoins are best known for the tax factor not being an issue but if this currency also is taxed, it will lose many of the miners and individuals who trade in it. Here in India, we already have 12.5% service tax plus VAT charged which purchasing a product. Also there is income tax that applies and if bitcoins also are taxed, I don't know what would be the tx applied and the minimum amount that would be tax free. I guess it would be 10 BTC then. I don't see a BTC tax coming. Really, the most likely if BTC is to be taxed is that it will be taxed like a standard fiat currency. There is no legitimate reason to tax an income in BTC more than an income in another currency. The average government will understand that, not to block a promising new source of business.
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The worse part here is that this guy isn't the real Satoshi, the real one should feel terrible hearing about him. But what could he do without revealing himself (or herself)? Maybe that's the ultimate goal, forcing the real Satoshi to reveal himself (or herself)!
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A problem? I don't see any problem. One guy's saying he's Satoshi, and then what? What has changed? BTC's price is up a little, but BTC's price has been going up or down all year. Sleep well and sweet dreams. Satoshi being known or unknown, dead or alive, won't change anything.
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Hey, couldn't Gavin Andresen confirm? Didn't he say once, that he knew who Satoshi was? I'm not sure, and I can't find a link but I think I read an article where he said he had met or talked with Satoshi once.
Anyway, if not him, some one else must be able to confirm.
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I wouldn't trust any survey made in Africa. In Uganda, Chad or any third world country it's incredibly difficult to make a survey with a panel of people which is truly representative of the global population. And it's impossible to do it by phone like in a rich country.
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Angela Merkel was very popular, and very respected in Germany until last year. The people were trusting her for safeguarding the Euro against the Greeks and the Southern countries which are unable to control their budget. Then everything crashed with the migrants crisis and her decision to accept them all. So the Time sees her as a hero, but that won't help her in Germany. She's at the end of her career. Her popularity could have remained very high, but she will leave with many Germans grumbling, and afraid of the future.
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Any large financial institution using BTC is good for BTC. I wish Visa all the best in its experiments, but I guess they're only testing the technology to see how they could build a similar system they could fully control.
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If this man is the real Satoshi, it should be easy to prove: he must own the key to the wallet which holds a million BTC. I don't understand that story about a trust which prevents him from cashing them. If he's the inventor, he must have the key to this wallet, and he just need to make one little transaction (eventually to another wallet he owns) to get everyone convinced.
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Of course, it is possible to control pollution. Actually, it is. Not enough, sadly, but just traveling proves that there are huge differences between countries. A city we see as very polluted in Europe is only average in China.
The world needs tighter regulations everywhere.
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Besides, I don't think this could ever be legal. There are laws in America (and in every western country) which prevents segregation because of race, sex or religion.
I am not judging but this is only a matter of playing with law. We have secret courts and secret law, so why would it not be possible? It is only because of the ignorance of the people as to how to use the Preamble to the Constitution, and the 6th, 7th, and 9th Amendments. Yes, that's what I thought. I'm not familiar with American law, but this can't be standard law preventing segregation, it's probably in the American constitution. I also wonder how such a scheme could me implemented. Let's I'm flying to the US tomorrow, would there be a guy at the airport asking everyone if they're muslims, and send them back right away? What if someone lies? How to check? Will you have to eat a slice of bacon to prove you're not muslim? That's all right with me, I like bacon.
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Hey, let's not complain! It will not last though. I've read many articles about how the taxmen are finding ways on how to properly check and tax all the people getting a little income from Uber or Airbnb. Income in BTC will be much harder to tax happily for us.
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12.5% premium per year?
Where do you get that? Obviously, you're not living in Europe, nor in America. So must consider how much inflation you get in your country and how your currency fluctuates against the US dollar or some other strong currency. Another thing to consider is that keeping money at the bank can help you getting a loan if you think about buying a property.
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I don't think there could be another one right away. If BTC were to fail, all cryptocurrencies would be on a death bed, and it would take years before another one could gain any sympathy from investors. Then I guess only an entirely new cryptocurrency could succeed BTC, not one which already exists.
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Interesting idea, but that doesn't solve the problem of the millions of muslims who are already in every major country. Besides, I don't think this could ever be legal. There are laws in America (and in every western country) which prevents segregation because of race, sex or religion.
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