Douchewads... The only exchange that I have cash in still is maintaining the price high... Fall, dammit, fall! Damn Canucks!

+1

This time, MtCocksMtGox could actually serve as a stabilizing factor. (Do I need another drink or 5? )

Once you get over the "crabs in a bucket" thing, yes.


As the OP, I assume that you are addressing me... Correct me if I'm wrong.

You're making some wrong assumptions. I haven't broken any laws at all. However, I'm a bit of an edge case and by far not typical of most people.


I'll leave that alone as you're making some wild assumptions with no basis.


Well, I can't disagree with it being a fantastic payment system.

But as for paying taxes... Why should anyone pay taxes that they don't need to? It's not that hard to get around a lot of tax laws. Yet still, there are many thread with people clambering to cough up when there are many, many ways for them to legally get around it.

A lot of people seem to think that there's no way around tax. Ahem... Google... Ireland... Ring a bell anyone?


And the current society is the ONLY one possible? There are no alternatives? Everything has been explored, and we've arrived at the pinnacle?

I find that rather unlikely.

I'm not saying that it's easy to think outside the box. But it seems like a lot of people really, really love the box.


Quite correct. BTC is not something that you *CAN* pay taxes in (the US).

Roads > Paid for with gasoline/petrol taxes
Schools > Paid for by property taxes

Not sure about fire & police departments.

But I'm not so sure that I like my tax dollars funding unlimited wars, bank bailouts, corporate bailouts, forced sterilizations, human experimentation on unwilling/unknowing subjects, and a truckload of other outright immoral and evil things.

No... I'd prefer not to help fund wholesale murder and corruption.

If you really want to fund murder, why not just do it yourself. Why do you need a middle man?




So, Joe decides to go on a long deserved holiday to Lovelyland, and purchases $2,000 Lovely dollars for $2,000 of his country's fiat dollar.

He returns from his Lovelyland holiday and goes to sell his remaining Lovely dollars, $1,000 as things were cheap and he was frugal. Much to Joe's suprise, oil, gas, diamonds, and the cure for cancer were all discovered in Lovelyland while he was away, and the Lovely dollar rose nicely. Joe end up recieving $2,000 of his country's fiat dollars for his $1,000 Lovely dollars.

1) Does Joe have to pay capital gains tax?
2) How is bitcoin different? (For those that purchase and are not professional traders.)




It's funny how often those that preach collectivist principles always end up calling for someone to die.



It seems like there are a lot of Americans in this forum, and a lot eager to cough up. I happen to have an advantage given my particular situation in that I'm not under any obligation in the country where I live to pay that particular tax.

Now, if you have money outside of your country of residence, it really isn't any business of the government of your country as it is outside of their sovereign territory and outside of their jurisdiction.

(Assuming you live in none of these places...)

You can go to Colorado and smoke pot.

You can go to Amsterdam for "intimate physical encounters".

You can go to Texas and own and shoot guns.

You can go to Vietnam and insult the king of Thailand. (God forbid you ever go to Thailand afterwards...)

But you're not going to face criminal charges where you live for what you do outside of that territory.

Why is bitcoin somehow magically different?

Large corporations and trusts do business in other countries simply to get around tax laws in their own countries?

Why do corporations get to avoid tax, but individuals don't?

*IF* you do your bitcoin activities where you live, then sure - you're doing it there.

If you are doing your bitcoin activities outside of where you live, then it's none of their business.

Does where you live necessitate that your local "authorities" somehow have absolute purveyance over everything you do and every aspect of your life, even outside of their jurisdiction?

I don't think so. Just because you live somewhere doesn't necessitate some kind of lien on your soul.

If you want to go whoring in Nevada, that's your business. It's legal there.

---

Perhaps a better question would be:

Why do people do bitcoin activity in jurisdictions where they will be liable for tax?


Here's something entertaining to think about as a minor distraction.

Isn't that a part of the attraction of bitcoin? You can AVOID tax?

And as for "realized gains", why not just sell your bitcoins offline to some person willing to show up at a coffee shop and pay cash?

All these threads about "how do I pay tax" sound like a cacophonous symphony of masochists screaming "Rape me! No, rape me first!"

Paperwork is painful enough. Why add to the misery?

Or at a minimum, why not just only sell back an amount equivalent to your initial investment and keep the BTC? The next time you take a holiday, or step out of the country, you can probably cash in some of your BTC and stay under the radar and avoid more paperwork. 

Nailed it.

I have a bit of a suspicion that the OP might be on to something. Not sure about specifics there, but Monday's seem to see a fair bit of action lately.

Ummm... What makes you think that those events weren't thanks to the Morning Star?

Beer kit?

You win!

I've bought stock.

And with orders of magnitude to boot!

I think that day is pretty much just around the corner. If you think about how much you usually spend on something, do you usually count in hundreds of dollars?

Why not just run some tables on BTC and others on fiat? The exchange portion doesn't seem to make much sense - i.e. bring whatever you like, BTC or fiat.

If I wanted to gamble in BTC, I'd want to receive BTC when I won. Same if I were gambling in fiat.

Blech. Sorry. Guess I need more coffee... My bad. I somehow was thinking false positive.

Behaviour filters (heuristics) *could* pick up the behaviour, but... that goes to what I'd mentioned above, and not false negatives.

http://www.zerohedge.com/news/2013-03-31/thanks-world-reserve-currency-no-thanks-australia-and-china-enable-direct-currency-c

Tonnes more references out there as well. Just search for "australia china abandon USD".

Hahaha!

Well, I haven't done this in a very long time, so off the top of my head, I can't remember the specifics.

This is very old (2006), and applies to Windows XP (or Windows 2003 server - I forget):

http://renegademinds.com/Home/Blog/tabid/60/EntryID/57/Default.aspx

However, the "Options" tab seems to be missing in Windows 7. (Could be a driver issue as well though...)

Ok - After looking around, it seems there's an answer here at Stack Exchange:

http://serverfault.com/questions/197900/where-did-tcp-ip-filtering-go-in-windows-server-2008

Not sure I like the "new" way of doing things... Seems kind of crappy to me. Oh well.

I don't know how to do it on Linux though. But, given how configurable Linux is, there must be a way - just that I don't know it.

This is not true.

You can legitimately hook into keyboard events, e.g. Any program that has global hotkeys must hook the keyboard.

This is common behaviour in some malware, and the basic technique for keyloggers.

So it is not true that AV software will ALWAYS catch malicious behaviour for unknown threats.

Yes, it will OFTEN detect things like keyboard hooks, but not ALWAYS.

You can go to a programming site, like The Code Project, and download software that hooks the keyboard. Just search for "keyboard hook" or "keylogger". You'll see (most likely) that your AV software does not detect it as malware. You can then add code to send the hooked info to some address and see if it is then detected.

+1

Deflation? With our fiat system? It seems a bit ridiculous.

The Euro is on the verge of collapse, as is the EU.

Japan is debasing its currency.

The USD is being abandoned as the world reserve currency.

Gold/silver paper shorts have crashed the precious metals markets (deflation) so that large buyers can purchase physical. (Will lead to higher prices once the short manipulation has finished and prices return to their normally depressed levels.)

China and Australia have abandoned (or are planning to abandon) the USD.

etc. etc. etc.

No. I don't see fiat deflation as anything to worry about.

I particularly liked this part:

+1

The only real way is to have a seriously hardened machine (firewalls, AV software, ports blocked at the hardware level, etc.) and use that machine ONLY for BTC transactions and nothing more. Take it offline when not using it to complete a transaction (i.e. remove the physical connection and do not rely in 'soft' ways, such as disabling a NIC through software).

Whether that machine is from a live CD or whatever is another question, and largely unimportant as far as I can tell. The point is that the machine must be hardened and dedicated and offline except when needed.