ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 21, 2015, 06:57:42 AM |
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shmadz
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Activity: 1512
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@theshmadz
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May 21, 2015, 06:59:24 AM |
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Btw, anyone else think Satoshi timed the block halvings to coincide directly with the U.S. election cycle?
(Think about it, as much as we would like to pretend that the change in distribution is "priced in" we all saw the massive swing the last time block reward was cut in two. Next block halving should happen some few months before next election. Will bitcoin policy be part of some candidates platform?)
Last time, the halving almost coincided with the arrival of asics. BTC was the main/only form of payment early on. I would bet this had more of an impact than the halving itself. 2016 halving will definitely be a different animal, as many mining operations are huge businesses, on fairly thin margins already, with efficiency being critical. 3600 to 1800 coins per day is a big difference in supply... As far as the political angle? I don't think anybody running for office cares about our digital tokens too much yet. Totally agree, the Asics coming out possibly had larger effect than any political event (argument could be made for congress hearings) I'm just saying that you don't model your distribution to get cut in half every four years just on the off chance that it might coincide with some technological breakthrough. Rather, I'm suggesting that if you choose to have a disruptive halving of the rewards for your new crypto coin every four years, there might be some other significant event that happens every four years that made you decide on that interval. And I'm not talking about the world cup  |
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Cconvert2G36
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May 21, 2015, 07:13:02 AM |
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Totally agree, the Asics coming out possibly had larger effect than any political event (argument could be made for congress hearings) I'm just saying that you don't model your distribution to get cut in half every four years just on the off chance that it might coincide with some technological breakthrough. Rather, I'm suggesting that if you choose to have a disruptive halving of the rewards for your new crypto coin every four years, there might be some other significant event that happens every four years that made you decide on that interval. And I'm not talking about the world cup Only Satoshi knows why 210,000 blocks per cycle, 6 per hour. I somehow doubt it was timed for the olympics... er, US presidential elections.  |
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Morecoin Freeman
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May 21, 2015, 07:46:07 AM |
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Big walls on both sides. Battle of bulls and bears?
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Hunyadi
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Activity: 1281
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☑ ♟ ☐ ♚
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May 21, 2015, 07:46:34 AM |
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Something is going to happen...  |
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Hunyadi
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May 21, 2015, 07:47:07 AM |
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Big walls on both sides. Battle of bulls and bears?
Go bulls!  |
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BayAreaCoins
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Activity: 3920
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Owner at AltQuick.com & FreeBitcoins.com
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May 21, 2015, 07:47:53 AM |
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Markets going to head toward GBTC price. They are actually finally trading there a bit. Futures increasing *phew* lol |
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DaRude
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Activity: 2789
Merit: 1817
In order to dump coins one must have coins
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May 21, 2015, 07:51:21 AM |
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http://bitcoinclock.com/Damn THE halving is still 62 weeks, 19 hours, 10 minutes. -Oh how about now Still (62 weeks, 19 hours, 10 minutes) -Hmm how about now Ohhhhh (62 weeks, 19 hours) Now to freeze myself for 62weeks
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 21, 2015, 07:57:41 AM |
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Hunyadi
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May 21, 2015, 08:07:18 AM |
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The bulls are winning.
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Morecoin Freeman
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May 21, 2015, 08:12:02 AM |
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Someone is clearly pushing the price by placing support. Every time it gets sold into it is put lower though.
Fake support? Four Punch Raiders? Legitimate bull run?
I think this is real for now.
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Hunyadi
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Activity: 1281
Merit: 1000
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May 21, 2015, 08:16:47 AM |
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Someone is clearly pushing the price by placing support. Every time it gets sold into it is put lower though.
Fake support? Four Punch Raiders? Legitimate bull run?
I think this is real for now.
Hope so, hope so!  |
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Stevenirving
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May 21, 2015, 08:30:47 AM |
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 Moon incoming. Come on 240s |
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Fatman3001
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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May 21, 2015, 08:54:07 AM |
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Ok, I've just spoken to the Norwegian tax authorities about how to classify my Bitcoin mining business and they've basically sent it back to me and asked how they do it in other countries(?!?!?!). Do any of you know what industry code / tax bracket a bitcoin mining business registers under in your country?
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Sitarow
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Merit: 1047
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May 21, 2015, 08:54:15 AM |
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ChartBuddy
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Activity: 2170
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 21, 2015, 08:57:41 AM |
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marcus_of_augustus
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Activity: 3920
Merit: 2348
Eadem mutata resurgo
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May 21, 2015, 09:05:23 AM |
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Ok, I've just spoken to the Norwegian tax authorities about how to classify my Bitcoin mining business and they've basically sent it back to me and asked how they do it in other countries(?!?!?!). Do any of you know what industry code / tax bracket a bitcoin mining business registers under in your country?
Haha, just tell them it is a non-taxable event in any sane country. It's like finding a piece of gold in your backyard if you are hobbyist. |
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Norway
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May 21, 2015, 09:10:52 AM |
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Ok, I've just spoken to the Norwegian tax authorities about how to classify my Bitcoin mining business and they've basically sent it back to me and asked how they do it in other countries(?!?!?!). Do any of you know what industry code / tax bracket a bitcoin mining business registers under in your country?
Maybe you could ask a swedish miner? KnC? (I know you don't like them because their bad/late delivered miners, but they could actually help you on this one.) |
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