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December 07, 2014, 12:42:43 AM |
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I have just watched the Australian, Senate economics references committee on youtube, all 4 hours, yes i have no life.
It was actually good and very interesting if you are in Australia.
I would at least recomend watching the 1st hour with Mark Pesce, he did speak well of bitcoin but he didnt know about paper wallerts and the talk on mining was funny, so probably wasn't the best choice that could have been made to discuss bitcoin to the senate.
They get stuck on the tax laws for a long time but i guess thats what its about.
Outcome to me sounded to me like the govenment wasnt adverse to bitcoin, just not well informed and until they get some speakers that know more then there always going to be confused.
Lucas Cullen from bitcoin brisbane was probably the most informened speaker they had, a few more like him and the govenment might know more and can finally pass some decent rules on bitcoin tax laws so we dont pay tax twice.
Edit: wow only seen the post above after i wrote this. Hey doof, well done, as i said we need more like you taking your time to stand up and speak for the community.
Keep up the good work, i would send you a donation but when i heard you talk about your 3k investment im gussing you got more than my $5 worth. Did they back tax you on that?
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