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mobodick
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April 04, 2013, 12:10:04 PM |
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The implications of this will be enormous. First Cypress and now British Virgin Isles. It seems tax havens are no longer a safe place to store money.
Cannot agree with you more. Anyone knows any place where offshore deposits could run to? As far as i know there are plenty of tax paradises. Not all of them are tropical islands. There are many constructions and they change dynamiclly depending on the given superset of transnational laws. |
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Whoever mines the block which ends up containing your transaction will get its fee.
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BTC Books
Member
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Activity: 84
Merit: 10
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April 04, 2013, 12:14:12 PM |
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The implications of this will be enormous. First Cypress and now British Virgin Isles. It seems tax havens are no longer a safe place to store money.
Cannot agree with you more. Anyone knows any place where offshore deposits could run to? Nope, there's nothing left. When I was a little boy you could carry a suitcase full of cash onto a plane (and declare it without penalty or risk!), go to Switzerland, walk into a few of the banks there, and deposit your cash in an account with just a number. No name, no nothing. Bearer bonds don't exist any more - or at least the old ones that are still around can't be redeemed for face. Collectibles require a lifetime of dedication (note my user name...  ) that very few are willing to undertake any more. Asset smugglers take damn near as much as taxes, for guaranteed delivery... This is it, Vladimir. Bitcoin is the last man standing. |
Dankedan: price seems low, time to sell I think...
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n8rwJeTt8TrrLKPa55eU
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April 04, 2013, 12:18:34 PM |
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Loving the newsflow of the past couple of weeks.
Perfect storm keeps on developing. Hurricanes a'plenty.
And Bitcoin has a monopoly in the bunker business.
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BTC Books
Member
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Activity: 84
Merit: 10
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April 04, 2013, 12:23:48 PM |
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Loving the newsflow of the past couple of weeks.
Perfect storm keeps on developing. Hurricanes a'plenty.
And Bitcoin has a monopoly in the bunker business.
It does. We are pleased. |
Dankedan: price seems low, time to sell I think...
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Anon136
Legendary
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Activity: 1722
Merit: 1217
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April 04, 2013, 12:35:58 PM |
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This is bigger than Bitcoin.
I expect this to have a positive effect on the price, but I hate to think that Bitcoin will gain a reputation as the way the rich hide how rich they are.
Also: holy shit 32 trillion with a T?!? What the fuck.
Its nice to see that someone understands the difference between a b and a t. most people, whether it be a billion or a trillion only read it as "really big number" |
Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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oakpacific
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April 04, 2013, 12:37:19 PM |
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 In the future, you can carry 32 trillion in Bitcoins like this. Lost USB drive = lost 32 trillion USD That's why you should make several offline backups, and keep them at at least 2 or more geographical locations (house, job, in the cloud, friend's house, etc.) and not just on you/in your house (in case of disaster, you don't want to lose all your copies!). Of course, double-encrypt them  It's many times easier/cheaper to secure them, when compared with gold/fiats. One diligent guy can achieve nearly perfect security. |
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mobodick
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April 04, 2013, 12:48:18 PM |
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In the future, you can carry 32 trillion in Bitcoins like this. Lost USB drive = lost 32 trillion USD That's why you should make several offline backups, and keep them at at least 2 or more geographical locations (house, job, in the cloud, friend's house, etc.) and not just on you/in your house (in case of disaster, you don't want to lose all your copies!). Of course, double-encrypt them It's many times easier/cheaper to secure them, when compared with gold/fiats. One diligent guy can achieve nearly perfect security. But if security DOES get broken the consequences can be far far greater. How many dollars worth of bitcoins can be carried away on a USB stick compared to gold? |
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Zangelbert Bingledack
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Activity: 1036
Merit: 1000
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April 04, 2013, 01:08:19 PM |
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Perfect storm, indeed. The way things are going you'd almost think we have a mole in the ranks of the elite.
When you think about it, if you were a Rothschild, you may be fabulously wealthy but you still get sick and die, among other unavoidable inconveniences. Bitcoin has the possibility of doing things that even insane wealth cannot: it could make the world so efficient that technology and commercialization and safety standards can all improve to groundbreaking degrees.
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usagi
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13
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April 04, 2013, 02:05:42 PM |
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In the future, you can carry 32 trillion in Bitcoins like this. No, the blockchain is already larger than 4gb.  |
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benjamindees
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Activity: 1330
Merit: 1000
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April 04, 2013, 02:08:56 PM |
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We should have a contest to create an e-mail to send all of them as a pitch for Bitcoins.
My vote goes to "DEAR SIR, MY NAME IS PRINCE G. ANDRESEN. I AM WRITING ON BEHALF OF THE FINANCE MINISTRY OF BITCOINTOPIA."
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Civil Liberty Through Complex Mathematics
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genuise
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April 04, 2013, 02:19:43 PM
Last edit: April 04, 2013, 02:35:36 PM by genuise |
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Why they do this above all? Who is behind this initiative? Who financed this unprecedented penetration into the world of private assets?
How can we build new world without breaking the essence of what we want to build?
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Piper67
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Activity: 1106
Merit: 1001
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April 04, 2013, 02:21:02 PM |
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In the future, you can carry 32 trillion in Bitcoins like this. No, the blockchain is already larger than 4gb. Hmmm... really? I mean, someone with your post count has to know this is a wrong statement. |
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Mark Oates
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April 04, 2013, 02:22:42 PM |
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Hoard ALL the usb drives!!!
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ArticMine
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Activity: 2282
Merit: 1050
Monero Core Team
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April 04, 2013, 03:09:08 PM |
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Hoard ALL the usb drives!!!
... but you forgot that 5.25 in floppy disk with a backup of wallet.dat |
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Wekkel
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yes
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April 04, 2013, 04:58:23 PM |
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All gearing up for the great reset. Imagine BTC and gold going bidless.....
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mobodick
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April 04, 2013, 05:00:34 PM |
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All gearing up for the great reset. Imagine BTC and gold going bidless.....
LOL Who's going to serve you internet when the great reset comes? |
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DeathAndTaxes
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Activity: 1218
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Gerald Davis
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April 04, 2013, 05:02:50 PM |
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The implications of this will be enormous. First Cypress and now British Virgin Isles. It seems tax havens are no longer a safe place to store money.
Cannot agree with you more. Anyone knows any place where offshore deposits could run to? Belize. If someone smart and connected in Belize is paying attention offer Bitcoin broker services for your offshore clients. Belize becomes the "Bitcoin HongKong". BTW if you live in the US and are looking for somewhere to retire hard to beat no income taxes on foreign earned income, asset protection, US dollar is defacto currency, English speaking, and awesome beaches. Plus a (relatively) short flight to Florida if you need to return to the states (say for advanced medical procedure). |
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DeathAndTaxes
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Activity: 1218
Merit: 1079
Gerald Davis
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April 04, 2013, 05:03:42 PM |
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All gearing up for the great reset. Imagine BTC and gold going bidless.....
Silly neither will go bidless. BTC:GLD BTC:SLV |
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Odalv
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Activity: 1400
Merit: 1000
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April 04, 2013, 05:19:28 PM |
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In the future, you can carry 32 trillion in Bitcoins like this. Lost USB drive = lost 32 trillion USD Using TrueCrypt you can hold one copy on Mega. |
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jl2012
Legendary
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Activity: 1792
Merit: 1093
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April 04, 2013, 05:36:11 PM |
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Imagine 0.1% of $32T is invested in bitcoin. It's 20x of the current market cap.  |
Donation address: 374iXxS4BuqFHsEwwxUuH3nvJ69Y7Hqur3 (Bitcoin ONLY)
LRDGENPLYrcTRssGoZrsCT1hngaH3BVkM4 (LTC)
PGP: D3CC 1772 8600 5BB8 FF67 3294 C524 2A1A B393 6517
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