Bad vibe in Texas

[krampus]

There is no bill yet because they havent decided on an approach yet. Most experts believe the will go the "Capital Gains route" but that has yet to be determined.

So what you're saying is that there aren't any actual US regulations yet, and there aren't even any in the official pipeline. You're anticipating regulations at some point in the future, and blaming "liberals" for creating them, despite the fact that none actually exist. If and when those regulations do exist, you're expecting the regulations to take the form of a capital gains tax -- much like any other security that individuals might trade for profit -- rather than some prohibition on the actual trade of BTC.

Is that the gist of what you're trying to say?

[Jeezy911]

There is no bill yet because they havent decided on an approach yet. Most experts believe the will go the "Capital Gains route" but that has yet to be determined.

So what you're saying is that there aren't any actual US regulations yet, and there aren't even any in the official pipeline. You're anticipating regulations at some point in the future, and blaming "liberals" for creating them, despite the fact that none actually exist. If and when those regulations do exist, you're expecting the regulations to take the form of a capital gains tax -- much like any other security that individuals might trade for profit -- rather than some prohibition on the actual trade of BTC.

Is that the gist of what you're trying to say?

There ARE regulations in the pipeline lol. Uncle Sam notices when new millionaires come along and makes sure they pay the fair share.  Trust me when I tell you that regulations are coming. 

[Jeezy911]

The difference is freedom of trade. DEMOCRATS are much more likely to throw a high tax on gains so we can pay for more entitlements and big government programs like free healthcare for all.

[alp]

The difference is freedom of trade. DEMOCRATS are much more likely to throw a high tax on gains so we can pay for more entitlements and big government programs like free healthcare for all.

Good thing the Republicans never increase spending on boondoggles like endless war or drug crimes!

[Jeezy911]

The difference is freedom of trade. DEMOCRATS are much more likely to throw a high tax on gains so we can pay for more entitlements and big government programs like free healthcare for all.

Good thing the Republicans never increase spending on boondoggles like endless war or drug crimes!

I never said republicans are a great choice, just a better choice.

[alp]

The difference is freedom of trade. DEMOCRATS are much more likely to throw a high tax on gains so we can pay for more entitlements and big government programs like free healthcare for all.

Good thing the Republicans never increase spending on boondoggles like endless war or drug crimes!

I never said republicans are a great choice, just a better choice.

I guess getting your pinky amputated over your ring finger might be a better choice too.

[krampus]

There ARE regulations in the pipeline lol.

From your earlier post:

There is no bill yet because they havent decided on an approach yet.

If they haven't decided on an approach yet, I hold it as self-evident that there's nothing in the pipeline. You're referring to politicians who might have spoken about the subject at some point, which isn't the same as legislation, or a bill, or even a committee investigation. So no, there are no regulations at the moment, and there aren't any in the pipeline. And your blame of such on the "liberals" is asinine, at best.

Uncle Sam notices when new millionaires come along and makes sure they pay the fair share.

Yes, that's correct. How exactly is that related to Bitcoin?

[krampus]

The difference is freedom of trade. DEMOCRATS are much more likely to throw a high tax on gains so we can pay for more entitlements and big government programs like free healthcare for all.

Since the US doesn't actually have "free healthcare for all", your statement is basically just rhetoric and can be safely dismissed as such.

[Jeezy911]

There ARE regulations in the pipeline lol.

From your earlier post:

There is no bill yet because they havent decided on an approach yet.

If they haven't decided on an approach yet, I hold it as self-evident that there's nothing in the pipeline. You're referring to politicians who might have spoken about the subject at some point, which isn't the same as legislation, or a bill, or even a committee investigation. So no, there are no regulations at the moment, and there aren't any in the pipeline. And your blame of such on the "liberals" is asinine, at best.

Uncle Sam notices when new millionaires come along and makes sure they pay the fair share.

Yes, that's correct. How exactly is that related to Bitcoin?

You are not very bright are you? Lets me simplify this so you can understand.  Say you bought 10000 dollars of bitcoin in January '13 then cashed out in November '13. Tada you just became a millionaire durp.

[CoinHoarder]

http://www.youtube.com/watch?v=HmH0E95xXcQ&feature=share

Thanks for the video, I enjoyed it.

[krampus]

Say you bought 10000 dollars of bitcoin in January '13 then cashed out in November '13. Tada you just became a millionaire durp.

You seem to be inferring that profit from buying and selling Bitcoin is somehow special -- different than, say, gold or some other collectible asset. Is that what you're trying to say?

[Jeezy911]

Say you bought 10000 dollars of bitcoin in January '13 then cashed out in November '13. Tada you just became a millionaire durp.

You seem to be inferring that profit from buying and selling Bitcoin is somehow special -- different than, say, gold or some other collectible asset. Is that what you're trying to say?

Yep it is different because profit on gold or silver is subject to "capital gains tax" bitcoin is not. Jesus dude go study some economics.

[krampus]

Yep it is different because profit on gold or silver is subject to "capital gains tax" bitcoin is not. Jesus dude go study some economics.

I daresay that my knowledge of economics is not deficient here. You, on the other hand, seem not to understand that profits from buying and selling BTC is -- by default -- taxed as ordinary income in the US. If and when the IRS decides to tax Bitcoin profits as capital gains, that may or may not actually be an improvement, depending on your current tax bracket.

So what is your complaint again? Please be specific, because you have utterly FAILED to state anything coherent or meaningful here, except to spew partisan rhetoric about "them", whoever "they" are.

[Swordsoffreedom]

I sort of felt like it was a bit more regulation focused in light of the gox news
That said I did enjoy the panel as well only 40 mins in since I am watching it in parts but it has been interesting so far
http://www.youtube.com/watch?v=HmH0E95xXcQ&feature=share

[cryptoanarchist]

Say you bought 10000 dollars of bitcoin in January '13 then cashed out in November '13. Tada you just became a millionaire durp.

You seem to be inferring that profit from buying and selling Bitcoin is somehow special -- different than, say, gold or some other collectible asset. Is that what you're trying to say?

Yep it is different because profit on gold or silver is subject to "capital gains tax" bitcoin is not. Jesus dude go study some economics.

Really? Wow, I never paid any capital gains tax on my precious metals investments..or my bitcoins. It's been over a decade and I haven't gotten so much as a letter.

 Why would I willingly hand over money to a gang of thugs that uses it to blow up innocent people all over the world and to oppress its own citizens? Are you a dumbass? Or a giant pussy?

[BitcoinTate]

I like Texas. I like Bitcoin. I hate politics.