JayJuanGee
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Self-Custody is a right. Say no to "non-custodial"
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April 16, 2018, 04:20:55 AM |
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Actually, I started going to the gym a bit more recently, and I started to think that if ever I was homeless, a gym membership would be a good thing to attempt to maintain.
Bitcoiners taking over a gym near you!  How dare you doxx me like that? 
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BTCMILLIONAIRE
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April 16, 2018, 04:23:28 AM |
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I love this thread.
obligatorycatlovesthread.png
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JayJuanGee
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Activity: 4060
Merit: 12110
Self-Custody is a right. Say no to "non-custodial"
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April 16, 2018, 04:40:08 AM |
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Don't really care about that 2014 comparison. Seen it on trading view and think it's crap. Seriously, they are comparing over a year of price to just 3 months. Sure you can compress/extend time frames to see about anything you want to see. + Drkenergy has been wrong about 90% of the time. Maybe most viewed but damn, if you traded on his advice you would be broke about now.
Another aspect that seems faulty of the 2014 / 2018 comparison is that it took nearly two years for bitcoin to run its bull market by late 2017.. the lead up to late 2013 had played out differently and seemingly spiking up faster in two periods in 2013.
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realr0ach
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#TheGoyimKnow
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April 16, 2018, 04:47:05 AM |
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Even if parts of bitcoin were centralized, we'd still achieve trust and a degree of transparency which is light-years ahead of a legacy government controlled debt-slavery coin.
Bullshit non-argument by claiming fiat is the only alternative. Bitcoin does not solve A SINGLE PROBLEM that physical silver and gold does not already solve better. Bitcoin is designed to centralize so it has zero fundamentals and no value since that's what it's entire value prospect is supposed to be based on. Non-fungible currencies are also complete garbage. It's just a govt tracking system that abolishes the 5th amendment and places a govt spy there watching everything you do. You would have to be a complete idiot to want this to be the world reserve currency over physical metals. Metals are pro-freedom. Shitcoins are anti-freedom, permissioned ledgers and surveillance systems. The current thread maintainer here even had coins blacklisted from exchanges himself and we've only just scratched the surface of shitcoin's Orwellian start. We're only 1% of the way into the tyranny of shitcoins. It only goes up by orders of magnitude from here in terms of being a 1984 permissioned ledger. Centralized currencies have no value. Non-fungible currencies have no value. They are strictly systems of control.
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TERA2
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Deb Rah Von Doom
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April 16, 2018, 05:05:21 AM |
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Bitcoin does not solve A SINGLE PROBLEM that physical silver and gold does not already solve better.
Nope. Here's a problem Bitcoin solves that silver doesnt. I want to hold something that isnt a physical object and that I dont have to have physically guarded. The silver can be be lost or stolen by force or by natural disaster, etc. Its also heavy and impossible to conceal when travelling by airplane.
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Jacques_Bittard
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April 16, 2018, 05:34:15 AM |
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Sold 70% of my stash for a probable upcoming profit taking dump. Would be interesting to see this upwards movement get tested by some proper selling volume, would be easier to trust it then.
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Elwar
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Merit: 2386
Viva Ut Vivas
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Bitcoin does not solve A SINGLE PROBLEM that physical silver and gold does not already solve better.
Nope. Here's a problem Bitcoin solves that silver doesnt. I want to hold something that isnt a physical object and that I dont have to have physically guarded. The silver can be be lost or stolen by force or by natural disaster, etc. Its also heavy and impossible to conceal when travelling by airplane. Was going to say not to quote the troll but another problem gold and silver has is my situation as a digital nomad traveling the world. How do I pack up all of my belongings and relocate to my next country (as I tend to do) with all of my gold in my suitcase? The amount of bitcoins I have I can protect with some steel plates and information in my head. I can carry them through even countries like Thailand, Cambodia, Vietnam without worrying about them getting stolen or having security confiscate it at the airport. To carry the amount of gold or silver equivalent to how much I have in bitcoins...well, actually I literally could not carry it. I have no idea how I would pay my hosting service every month with gold. Or buy my plane tickets, book my hotel rooms, buy stuff on Amazon, etc. I haven't needed to open a bank account here in Tahiti thanks to Bitcoin...I don't need to go to the rip off exchanges in the countries I visit. The rate charged at the local exchange from USD to CPF is literally 20%.
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BTCMILLIONAIRE
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April 16, 2018, 05:43:14 AM |
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Bitcoin does not solve A SINGLE PROBLEM that physical silver and gold does not already solve better.
Nope. Here's a problem Bitcoin solves that silver doesnt. I want to hold something that isnt a physical object and that I dont have to have physically guarded. The silver can be be lost or stolen by force or by natural disaster, etc. Its also heavy and impossible to conceal when travelling by airplane. Silver isn't a limited resource either. Nor is it practicable to carry around enough of it to buy a house, or even a car. Heck, I wouldn't even want to pay a new TV in 10 kilograms worth of silver.
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BTCMILLIONAIRE
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April 16, 2018, 05:47:15 AM |
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Bitcoin does not solve A SINGLE PROBLEM that physical silver and gold does not already solve better.
Nope. Here's a problem Bitcoin solves that silver doesnt. I want to hold something that isnt a physical object and that I dont have to have physically guarded. The silver can be be lost or stolen by force or by natural disaster, etc. Its also heavy and impossible to conceal when travelling by airplane. Was going to say not to quote the troll but another problem gold and silver has is my situation as a digital nomad traveling the world. How do I pack up all of my belongings and relocate to my next country (as I tend to do) with all of my gold in my suitcase? The amount of bitcoins I have I can protect with some steel plates and information in my head. I can carry them through even countries like Thailand, Cambodia, Vietnam without worrying about them getting stolen or having security confiscate it at the airport. To carry the amount of gold or silver equivalent to how much I have in bitcoins...well, actually I literally could not carry it. I have no idea how I would pay my hosting service every month with gold. Or buy my plane tickets, book my hotel rooms, buy stuff on Amazon, etc. I haven't needed to open a bank account here in Tahiti thanks to Bitcoin...I don't need to go to the rip off exchanges in the countries I visit. The rate charged at the local exchange from USD to CPF is literally 20%. Is it possible to own property in some of the Western/Asian countries as a digital nomad? E.g. could I own two or three homes and just rotate them (without being liable for taxes)?
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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April 16, 2018, 06:03:02 AM Last edit: April 16, 2018, 06:16:12 AM by HairyMaclairy |
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I am pretty sure you can game the tax systems by “earning” all your income while offshore or in a tax free jurisdiction and not staying in any particular Western country for more than 179 days [does not work for US citizens]
So fly to Dubai to cash out your BTC and then go skiing for a couple of months, rinse repeat.
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Elwar
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Viva Ut Vivas
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April 16, 2018, 06:26:54 AM |
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I am pretty sure you can game the tax systems by “earning” all your income while offshore or in a tax free jurisdiction and not staying in any particular Western country for more than 179 days [does not work for US citizens]
So fly to Dubai to cash out your BTC and then go skiing for a couple of months, rinse repeat.
You can take the foreign earned income exclusion which is about $102k if you are outside of the US for 330 days out of the year. The thing is, that's different from capital gains tax...no exclusion there. I have tried every avenue to turn my bitcoin capital into income. My original idea was to give/loan/etc. my bitcoins to a foreign company in Turks & Caicos (allows for a single owner of a company, 0% capital gains and income taxes). But there is a law in the US where if you have over 10% ownership in a company and they sell any capital, you have to pay taxes on it as if you yourself sold that capital. I considered a Charitable Remainder Trust that allows you to put your money into a trust with a certain amount going to a charity upon your death with the rest held by the trust and you can earn income from that. But with that you have to hand over control of all of that money to another entity to invest with no input from you. Part of your investment would be held for the charitable contribution. Instead I am just hodling until the US collapses. I can cash out (spend) about $37k of my bitcoins each year and pay no taxes. I am a minimalist so that is plenty for me.
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HairyMaclairy
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Activity: 1442
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Degenerate bull hatter & Bitcoin monotheist
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April 16, 2018, 06:31:01 AM |
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Sure. The US has a problem in that it’s citizens still have to pay tax on their global income even if they are not US tax residents. This is a uniquely US problem afaik. Giving up US citizenship for something like NZ citizenship is one obvious route. You can buy NZ citizenship through an investment scheme. https://www.newzealandnow.govt.nz/investing-in-nz/visas/investor-visa
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Elwar
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Viva Ut Vivas
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April 16, 2018, 06:37:57 AM |
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Sure. The US has a problem in that it’s citizens still have to pay tax on their global income even if they are not US tax residents. This is a uniquely US problem afaik. Giving up US citizenship for something like NZ citizenship is one obvious route. You can buy NZ citizenship through an investment scheme. https://www.newzealandnow.govt.nz/investing-in-nz/visas/investor-visaGiving up your US citizenship comes with an exit fee plus you have to pay taxes on all of your assets as if you sold them right then (even without selling it).
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BTCMILLIONAIRE
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April 16, 2018, 06:40:01 AM |
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I am pretty sure you can game the tax systems by “earning” all your income while offshore or in a tax free jurisdiction and not staying in any particular Western country for more than 179 days [does not work for US citizens]
So fly to Dubai to cash out your BTC and then go skiing for a couple of months, rinse repeat.
The problem that I have is specifically with owning property in that kind of situation. I don't want to go from hotel to hotel or Airbnb to Airbnb for the travel part. But if I could just own two houses and have each of them set up as a fully functional base then I would be perfectly happy to just fly over from one to the other every 6 months. Just haven't found anything specific regarding this edge case yet.
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BTCMILLIONAIRE
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April 16, 2018, 06:41:41 AM |
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Sure. The US has a problem in that it’s citizens still have to pay tax on their global income even if they are not US tax residents. This is a uniquely US problem afaik. Giving up US citizenship for something like NZ citizenship is one obvious route. You can buy NZ citizenship through an investment scheme. https://www.newzealandnow.govt.nz/investing-in-nz/visas/investor-visaGiving up your US citizenship comes with an exit fee plus you have to pay taxes on all of your assets as if you sold them right then (even without selling it). In my book Bitcoin is still pretty cheap, so getting the fuck out of the US would be my highest priority before the exit tax multiplies by another factor of 10 to 100. What's the point in being a digital nomad if you're still paying taxes on anything over 102k (you could freelance and get paid in Bitcoins)?
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Elwar
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Activity: 3598
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Viva Ut Vivas
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April 16, 2018, 06:44:05 AM |
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I am pretty sure you can game the tax systems by “earning” all your income while offshore or in a tax free jurisdiction and not staying in any particular Western country for more than 179 days [does not work for US citizens]
So fly to Dubai to cash out your BTC and then go skiing for a couple of months, rinse repeat.
The problem that I have is specifically with owning property in that kind of situation. I don't want to go from hotel to hotel or Airbnb to Airbnb for the travel part. But if I could just own two houses and have each of them set up as a fully functional base then I would be perfectly happy to just fly over from one to the other every 6 months. Just haven't found anything specific regarding this edge case yet. I think in Thailand you have to be a citizen to buy...you can lease, which is what most foreigners do. Actually most marry a local and the wife buys the property.
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pfrtlpfmpf
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April 16, 2018, 07:00:52 AM |
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I am pretty sure you can game the tax systems by “earning” all your income while offshore or in a tax free jurisdiction and not staying in any particular Western country for more than 179 days [does not work for US citizens]
So fly to Dubai to cash out your BTC and then go skiing for a couple of months, rinse repeat.
The problem that I have is specifically with owning property in that kind of situation. I don't want to go from hotel to hotel or Airbnb to Airbnb for the travel part. But if I could just own two houses and have each of them set up as a fully functional base then I would be perfectly happy to just fly over from one to the other every 6 months. Just haven't found anything specific regarding this edge case yet. I think in Thailand you have to be a citizen to buy...you can lease, which is what most foreigners do. Actually most marry a local and the wife buys the property. Then you´re done 
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BTCMILLIONAIRE
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April 16, 2018, 07:03:16 AM |
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I am pretty sure you can game the tax systems by “earning” all your income while offshore or in a tax free jurisdiction and not staying in any particular Western country for more than 179 days [does not work for US citizens]
So fly to Dubai to cash out your BTC and then go skiing for a couple of months, rinse repeat.
The problem that I have is specifically with owning property in that kind of situation. I don't want to go from hotel to hotel or Airbnb to Airbnb for the travel part. But if I could just own two houses and have each of them set up as a fully functional base then I would be perfectly happy to just fly over from one to the other every 6 months. Just haven't found anything specific regarding this edge case yet. I think in Thailand you have to be a citizen to buy...you can lease, which is what most foreigners do. Actually most marry a local and the wife buys the property. The citizen part was what I was worried about. Seems to be that case everywhere. I know that foreigners can buy property in Japan, but it seems like that is only for commercial purposes (such as renting out). Suppose using family could work though (in case there are no decent countries that allow non-citizens to own property for private use).
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nikauforest
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April 16, 2018, 07:07:41 AM |
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The McAfee Curve Interactive chart with the math behind it. Pretty interesting have a look. https://fnordprefekt.de/There is a discussion on r/bitcoin on reddit.
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BTCMILLIONAIRE
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April 16, 2018, 07:11:59 AM |
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The McAfee Curve Interactive chart with the math behind it. Pretty interesting have a look. https://fnordprefekt.de/There is a discussion on r/bitcoin on reddit. The date lines up way too conveniently with an exact $1,000,000. Seems like he tried to fit a curve that would do just that as opposed to crunching numbers. Edit: It's also a very basic curve and doesn't seem to have any hint of point set topology as he claimed numerous times. Although that might be due to point set topology just being topology and thus the basis of just about all Math and certainly analysis. In which case there would be no reason to bring it up in the first place. I'm not a topologist though, so I wouldn't know if there is any reason to specifically mention "point set" topology. In either case, if this website is based on his "models" I fail to see the analytical rigour that he touted so proudly.
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