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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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fluidjax
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November 27, 2017, 04:12:24 PM |
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But he's rich, so he must be right!
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siggy_70
Newbie
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Activity: 3
Merit: 0
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November 27, 2017, 04:12:44 PM |
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Ok. Going back to sleep, will go to work in a few hours for lulz.
Wouldn't it be weird to work just to pay the taxes on all your bitcoin profits?
amazing you said that... I've been having 100% of my paycheck taken out in taxes since september in order to cover capital gains taxes this year Sigg
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AlexGR
Legendary
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Activity: 1708
Merit: 1049
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November 27, 2017, 04:16:44 PM |
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If you still hold BCH...
Would rather keep my dignity intact, TBH. EDIT: LOL @ Comedy gold right there....
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LFC_Bitcoin
Legendary
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Activity: 3528
Merit: 9547
#1 VIP Crypto Casino
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November 27, 2017, 04:18:55 PM |
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If you still hold BCH...
Would rather keep my dignity intact, TBH. EDIT: LOL @ Comedy gold right there.... I used to think he was a dick & all his take over attempts pissed me off but BCH was the best air drop ever. Free money for fuck all. Here’s to you Rog!
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AlexGR
Legendary
Offline
Activity: 1708
Merit: 1049
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November 27, 2017, 04:49:01 PM |
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I used to think he was a dick & all his take over attempts pissed me off but BCH was the best air drop ever. Free money for fuck all.
I don't find him as a dislikeable character and I can't say I'm pissed with BCH because it was a clean split / launched as an altcoin in a sense - with an 8mb twist, which is similar to other parameter tweaking that altcoins typically have. That's unlike the classic/xt/s2x bullshit... But he certainly appears pretty nervous in that interview, he probably lost quite a lot of BTC trying to pump BCH - so the emotional and financial investment is starting to eat him from inside, he can't even stand people saying bcash and takes it ...personally. As for BCH, the free money from the airdrop was an added bonus, and it also enlightened me on the aspect of price-perception scaling[1]: price was, and still is, suppressed by the "impression" of an arbitrarily high number of $$$ "per share" due to the 21mn coin limit. And it was proven as suppressed due to the btc+forks sum easily having more combined value than btc alone, when this should not be the case. [1] https://steemit.com/money/@alexgr/perception-scaling-why-btc-bch-btc-in-terms-of-marketcap
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Qoheleth
Legendary
Offline
Activity: 960
Merit: 1028
Spurn wild goose chases. Seek that which endures.
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November 27, 2017, 04:52:24 PM |
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amazing you said that... I've been having 100% of my paycheck taken out in taxes since september in order to cover capital gains taxes this year Hot tip: consider making an in-kind donation of BTC to your favorite charity. In-kind donations give you the usual deduction, but also don't count as a capital gain (b/c you never sold or traded it - just gave it away). This means if you have, say, 10BTC you want to liquidate, you can sell 5BTC and donate 5BTC, and the deductions from the donated part will cancel out the tax burden of the sold part. (Of course it's a little more complicated than that due to the IRS's reporting requirements for in-kind donations of weird stuff. IANACPA, talk to yours, etc.)
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vroom
Legendary
Offline
Activity: 1302
Merit: 1681
a Cray can run an endless loop in under 4 hours
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November 27, 2017, 04:54:55 PM |
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amazing you said that... I've been having 100% of my paycheck taken out in taxes since september in order to cover capital gains taxes this year Hot tip: consider making an in-kind donation of BTC to your favorite charity. In-kind donations give you the usual deduction, but also don't count as a capital gain (b/c you never sold or traded it - just gave it away). This means if you have, say, 10BTC you want to liquidate, you can sell 5BTC and donate 5BTC, and the deductions from the donated part will cancel out the tax burden of the sold part. (Of course it's a little more complicated than that due to the IRS's reporting requirements for in-kind donations of weird stuff. IANACPA, talk to yours, etc.) pro tip: don't forget to create your own charity where you can donate to!
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lightfoot
Legendary
Offline
Activity: 3108
Merit: 2239
I fix broken miners. And make holes in teeth :-)
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November 27, 2017, 05:03:23 PM |
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Ok. Going back to sleep, will go to work in a few hours for lulz.
Wouldn't it be weird to work just to pay the taxes on all your bitcoin profits?
amazing you said that... I've been having 100% of my paycheck taken out in taxes since september in order to cover capital gains taxes this year Sigg That's what I'm thinking. Technically I don't have to pay CG taxes in advance since I didn't owe and got refund last year. This year may be a bit different, but what I need to do now is have my last 4 paychecks go 100% into my 401k to try and cut back on the AGI. And fund up my SEP-IRA from the business profits. Going to be a long 4 months to figure out taxes.
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lightfoot
Legendary
Offline
Activity: 3108
Merit: 2239
I fix broken miners. And make holes in teeth :-)
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November 27, 2017, 05:06:28 PM |
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pro tip: don't forget to create your own charity where you can donate to!
I was thinking that: In a few years maybe I'll commission the building of a museum of the Hollow Earth in DC next to the Museum of the Bible. 1492: Columbus proved the Earth is round 2020: Lightfoot proved the Earth is HOLLOW!
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Qoheleth
Legendary
Offline
Activity: 960
Merit: 1028
Spurn wild goose chases. Seek that which endures.
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November 27, 2017, 05:07:10 PM |
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pro tip: don't forget to create your own charity where you can donate to!
I mean, that's not a bad idea, so long as you steer clear of self-dealing.
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True Myth
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November 27, 2017, 05:40:33 PM Last edit: November 27, 2017, 06:21:53 PM by True Myth |
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I took a lunch break today and thought maybe I'd look to the ancient Chinese Fortune Cookie Gods for direction. Seems legit.
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itod
Legendary
Offline
Activity: 1974
Merit: 1076
^ Will code for Bitcoins
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November 27, 2017, 05:41:52 PM |
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I found more upcoming forks. here is a list of coming forks I know of: Nov 25, 2017 - Bitcoin Diamond (#BTD) Dec 17, 2017 - Super Bitcoin (#SBTC) Jan 2, 2018 - Bitcoin Cash Plus (#BCP) Jan 28, 2018 - B2X reattempt by the community (#B2X) I like Bitcoin Cash Plus C'mon folks, aim high - let's fork "Bitcoin Cash Gold"! Satoshi Vision! Who's with me to fork it and pump it above the that ShitCash?
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bitcoinPsycho
Legendary
Offline
Activity: 2478
Merit: 2077
$120000 in 2024 Confirmed
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November 27, 2017, 05:42:30 PM |
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I found more upcoming forks. here is a list of coming forks I know of: Nov 25, 2017 - Bitcoin Diamond (#BTD) Dec 17, 2017 - Super Bitcoin (#SBTC) Jan 2, 2018 - Bitcoin Cash Plus (#BCP) Jan 28, 2018 - B2X reattempt by the community (#B2X) I like Bitcoin Cash Plus C'mon folks, aim high - let's fork "Bitcoin Cash Gold"! Satoshi Vision! Who's with me to fork it and pump it above the that ShitCash? I'm in
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Ludwig Von
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November 27, 2017, 05:50:04 PM |
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amazing you said that... I've been having 100% of my paycheck taken out in taxes since september in order to cover capital gains taxes this year Hot tip: consider making an in-kind donation of BTC to your favorite charity. In-kind donations give you the usual deduction, but also don't count as a capital gain (b/c you never sold or traded it - just gave it away). This means if you have, say, 10BTC you want to liquidate, you can sell 5BTC and donate 5BTC, and the deductions from the donated part will cancel out the tax burden of the sold part. (Of course it's a little more complicated than that due to the IRS's reporting requirements for in-kind donations of weird stuff. IANACPA, talk to yours, etc.) pro tip: don't forget to create your own charity where you can donate to! Sounds familiar, the Soros charity, Bill &Melinda, Buffett etcetera... .
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conspirosphere.tk
Legendary
Offline
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
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November 27, 2017, 06:02:21 PM |
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I found more upcoming forks. here is a list of coming forks I know of: Nov 25, 2017 - Bitcoin Diamond (#BTD) Dec 17, 2017 - Super Bitcoin (#SBTC) Jan 2, 2018 - Bitcoin Cash Plus (#BCP) Jan 28, 2018 - B2X reattempt by the community (#B2X) I like Bitcoin Cash Plus C'mon folks, aim high - let's fork "Bitcoin Cash Gold"! Satoshi Vision! Who's with me to fork it and pump it above the that ShitCash? I'm in For something different I would try Bitcoin Tethers: supposedly full-reserve non-redeemable bitcoin as-ifs pegged 1:1.
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itod
Legendary
Offline
Activity: 1974
Merit: 1076
^ Will code for Bitcoins
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November 27, 2017, 06:03:44 PM |
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I found more upcoming forks. here is a list of coming forks I know of: Nov 25, 2017 - Bitcoin Diamond (#BTD) Dec 17, 2017 - Super Bitcoin (#SBTC) Jan 2, 2018 - Bitcoin Cash Plus (#BCP) Jan 28, 2018 - B2X reattempt by the community (#B2X) I like Bitcoin Cash Plus C'mon folks, aim high - let's fork "Bitcoin Cash Gold"! Satoshi Vision! Who's with me to fork it and pump it above the that ShitCash? I'm in For something different I would try Bitcoin Tethers: supposedly full-reserve non-redeemable bitcoin as-ifs pegged 1:1. How come nobody thought of that!
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Meuh6879
Legendary
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Activity: 1512
Merit: 1011
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November 27, 2017, 06:08:16 PM |
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Source : http://www.zerohedge.com/news/2017-11-26/satoshi-secrets-why-nearly-4-million-bitcoins-are-lost-foreverNote the numbers above are based on the high estimate, and that the low estimate, which is based on only a 30% loss in “hodler” coins, puts the number of lost bitcoins at 2,767,468. Also, both estimates make a critical assumption that coins belonging to bitcoin’s inventor, Satoshi, are gone for good (more on that below).
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Rosewater Foundation
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November 27, 2017, 06:10:48 PM |
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I'm not sleeping until 10k. No bowel movements either.
I have to admit, this is becoming slightly uncomfortable. Hurry!
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