shmadz
Legendary
 Offline
Activity: 1512
Merit: 1000
@theshmadz
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November 17, 2014, 01:12:55 AM |
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Thanks for that, I missed that one. Us Aussies also now have to pay 10% GST when purchasing Bitcoins through local vendors (came into effect on Oct 1, 2014). You sure? I thought that you should pay tax on the fees only? |
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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spiderbrain
Legendary
Offline
Activity: 889
Merit: 1013
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November 17, 2014, 01:13:56 AM |
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Guys, all we gotta do is get 10 million people to buy 1 bitcoin. How hard could that be?
"It's not a pyramid scheme"Sadly some people act like it is. But from another point of view, 10 million people owning 1 bitcoin each is probably a good diversification strategy for them, unless they trust the global banking system completely. |
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lyth0s
Legendary
Offline
Activity: 1260
Merit: 1000
World Class Cryptonaire
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November 17, 2014, 01:14:21 AM |
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Welcome back $400's
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David M
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November 17, 2014, 01:15:40 AM |
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podyx
Legendary
Offline
Activity: 2338
Merit: 1035
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November 17, 2014, 01:16:43 AM |
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You think we'll see a small dip here?
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GreekGeek
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November 17, 2014, 01:20:17 AM |
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Welcome back $400's
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GreekGeek
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November 17, 2014, 01:21:50 AM |
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Thanks for that, I missed that one. Us Aussies also now have to pay 10% GST when purchasing Bitcoins through local vendors (came into effect on Oct 1, 2014). I have a solution for you Aussies Don't buy from local vendors  |
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abercrombie
Legendary
Offline
Activity: 1159
Merit: 1001
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November 17, 2014, 01:22:15 AM |
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Still early, don't be this poor sap...   |
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Feri22
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November 17, 2014, 01:22:24 AM |
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Welcome back $400's
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zeurpiet
Newbie
Offline
Activity: 28
Merit: 0
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November 17, 2014, 01:26:09 AM |
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Thanks for that, I missed that one. Us Aussies also now have to pay 10% GST when purchasing Bitcoins through local vendors (came into effect on Oct 1, 2014). I have a solution for you Aussies Don't buy from local vendors +1 Buy dope and sell on Agoramarket. |
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podyx
Legendary
Offline
Activity: 2338
Merit: 1035
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November 17, 2014, 01:26:25 AM |
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I need my 393 order to fill..
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GreekGeek
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November 17, 2014, 01:26:36 AM |
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please include me on the bulls back  |
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shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
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November 17, 2014, 01:27:34 AM |
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That is stupid. Do you also pay 10% GST when you convert Aussie dollars to USD for your vacation to Hawaii? |
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GreekGeek
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November 17, 2014, 01:30:05 AM |
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That is stupid. Do you also pay 10% GST when you convert Aussie dollars to USD for your vacation to Hawaii? not yet... |
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nrd525
Legendary
Offline
Activity: 1867
Merit: 1023
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November 17, 2014, 01:41:43 AM |
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Fiat is designed to lose value, 2 percent in some countries, 2 1/2 in others. Bitcoin not.
Bitcoin too, until the year 2150 or something ! Although you are right that bitcoin has monetary mass inflation until then, while many central banks have price inflation targets. The difference between both is (at constant velocity) given by economic growth. The danger is altcoins. Altcoins = infinite inflation potential for crypto-currencies as a class. Though so far they aren't catching on. |
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JorgeStolfi
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November 17, 2014, 01:44:41 AM |
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...ancient history...
3 years ago?  For a 6-year-old thing, that is like 100'000 years ago for human history...  |
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Valerian77
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November 17, 2014, 01:56:13 AM |
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Did anybody take notice of the sell orders over more than 1 mio BTC on BTCChina that stopped the last week price surge:  |
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ImI
Legendary
Offline
Activity: 1946
Merit: 1019
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November 17, 2014, 01:59:25 AM |
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Fiat is designed to lose value, 2 percent in some countries, 2 1/2 in others. Bitcoin not.
Bitcoin too, until the year 2150 or something ! Although you are right that bitcoin has monetary mass inflation until then, while many central banks have price inflation targets. The difference between both is (at constant velocity) given by economic growth. The danger is altcoins. Altcoins = infinite inflation potential for crypto-currencies as a class. Though so far they aren't catching on. ### absolutely correct i expected them to gain ground in 2014 and to take a big bite out of bitcoins marketcap. but they didnt. with sidechains in the making innovations could eventually build into the bitcoin protocol in the future. but generally speaking altcoins could act as the inflation that bitcoin was trying to avoid. |
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