Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Saint-loup]

Darknet market activity is relatively price inelastic; that is, you don’t see a drop in this type of activity when cryptocurrency prices fall. In fact, in 2018, darknet market activity and overall market performance had an inverse relationship.

https://blog.chainalysis.com/reports/decoding-darknet-markets

[Elwar]

Seastead nation starts at zero debt.

All nations are now behind us on the economic balance sheet.

[Cryptotourist]

^. Muchos cohones

Don't want to risk your OpSec, but is that you?

[kurious]

FBT is great in theory.   Hold a half hour company meeting at Telluride.  Trip is deductible.  

The Australian tax authority is almost as badly funded as the IRS, so can’t run audits effectively.  Of course the underfunding is deliberate. 

In theory, alot of things are great, in practice it is something else, that is with everything not just taxation.

Gov knows they are never going to collect 100% of what it is owed to them... self assessment is just that, you telling the government what you want to pay them! Gov hoping you are telling the truth.

also, any company who holds a 30mins meeting is not an ikea/google/facebook..

Actually, plenty of executives will have a 30 minute meeting somewhere nice.  A friend of mine (ahem) has had the occasional meeting with French company execs in Paris or New York on a weekend, totally legit, but convenient - especially if the g/f coincidentally happens to be around. 

Any system that can be gamed will be.  Same with tax. Google turns over a ridiculous amount, in the billions in the UK, but until recently paid no tax as it 'was not based there'.  They have huge buildings full of Google staff, such as the one in Buckingham Palace Road in London.  But their credit card machine was... in Dublin.

The corporate share of government taxation receipts has shrunk massively over the past few decades, which is why there are cuts on services and a higher tax burden is necessarily borne by the 'middle' classes.

[Ibian]

Got a pic of the seastead?

[El duderino_]

via Imgflip Meme Generator

[jojo69]

I reiterate;

CORPORATIONS DO NOT PAY TAX

Customers pay tax, on rare occasions shareholders may bear some of that burden for a short time.

This is not mere semantics.  To a corporation taxes licenses and fees are nothing more than a line item, part of the cost of converting one set of goods and services into another set of goods and services.  It will perform this conversion at a profit or it will cease to exist.  All costs associated in the conversion are passed to the purchasers of the output goods and services.

[Elwar]

Got a pic of the seastead?

This is a picture before it goes onto the spar.



Unfortunately waves were too bad on launch day so we are waiting a week to combine them.

[El duderino_]

Got a pic of the seastead?

This is a picture before it goes onto the spar.



Unfortunately waves were too bad on launch day so we are waiting a week to combine them.

Impressive....

When

SSC comes alive??

[hisslyness]

I reiterate;

CORPORATIONS DO NOT PAY TAX

Customers pay tax, on rare occasions shareholders may bear some of that burden for a short time.

This is not mere semantics.  To a corporation taxes licenses and fees are nothing more than a line item, part of the cost of converting one set of goods and services into another set of goods and services.  It will perform this conversion at a profit or it will cease to exist.  All costs associated in the conversion are passed to the purchasers of the output goods and services.

So if my company sells products or services to the government, does that mean the government has paid tax for me?

If my company receives interest from a bank, does that mean the bank has paid tax for me?

What happens if my company makes a loss, does that mean my customer's get extra TAX back?

I bought a $2,000.00 Television this weekend, can i add the tax i paid as credit to my TAX return?

[Ibian]

Got a pic of the seastead?

This is a picture before it goes onto the spar.



Unfortunately waves were too bad on launch day so we are waiting a week to combine them.

What does it have so far as electricity and water filtration? Doohickies in general?

[VB1001]

Uncertain future for BCH, forks+forks+fud = value 0,00

https://ohiobitcoin.com/bitcoin-cash-is-dead-will-be-worthless-in-a-few-years-btc-org-co-founder/

[HairyMaclairy]

Well this wee dip is a bit random.  

Edit:  so far has bounced off support as expected.  Nice.

[kenzawak]

Bitcoin Transactions at Their Highest Level Since 2017 Bull Run

https://www.tokentalk.co/TokenTalk/bitcoin-transactions-at-their-highest-level-since-2017-bull-run-5c43eb0cfc09318f5c1ec062

https://twitter.com/ArminVanBitcoin/status/1086181428981846016

"Twitter user ArminVanBitcoin claims Bitcoin’s average daily on-chain transaction total is about 325,000 per day.

These numbers are close to the 2017 bull run, when prices peaked in December, 2017.

“Bitcoin daily on-chain transactions grew 63% in the last 10 months,” tweeted ArminVanBitcoin.

But...

There are fears “spoof trading” is taking place in the market however. In this scenario, the volume can be faked.

It involves traders entering and quickly cancelling large orders in a desperate attempt to manipulate prices.

[Last of the V8s]

There once was a bitcoin OG
Who decided to live out at sea.
The waves were too wavey
For his tiny wee navy
So he had to resort to plan B.

[VB1001]

This time it has been fast, 24h:
3882 UP 3600 DOWN
Rinse and Repeat

[Last of the V8s]

agreed. it's a bit more complicated than that. don't just fomo
get 'free credit' from these charlatans while they still stand then
 btfd

[DeathAngel]

Well this wee dip is a bit random.  

Edit:  so far has bounced off support as expected.  Nice.

Hopefully testing higher highs soon. We’re stuck in this trading range, would be great to breach $5,000 but that seems a long way off atm.

[HairyMaclairy]

[VB1001]

Similarity oil and Bitcoin, they are not far, according to the article.

Bitcoin as big oil: the next big environmental fight?

As a Bitcoin maker who covered the oil industry as a journalist, I see parallels between the two that may haunt cryptocurrency.

https://www.theguardian.com/commentisfree/2019/jan/17/bitcoin-big-oil-environment-energy?CMP=share_btn_tw