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Author Topic: Bitcoin as a savings account  (Read 5652 times)
kodo
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May 29, 2013, 01:23:33 AM
 #121

Sorry about your wife :/ thats sad

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nagatlakshmi
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May 29, 2013, 01:35:28 AM
 #122

Best of Luck

kodo
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May 29, 2013, 01:39:37 AM
 #123

This is very sad to read

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May 29, 2013, 11:33:13 AM
 #124

just ignored a hero member.

nice.

Jim, I hope that dick is full of as much bull as he's spouting...
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May 29, 2013, 02:01:49 PM
 #125

just ignored a hero member. nice. Jim, I hope that dick is full of as much bull as he's spouting...

Ouch. I'm very much against the Ignore button. Where's the fun? (grin)
It doesn't matter to me if he's just spouting or is actually having me investigated. We get investigated by so many agencies every year that one of my main "jobs" is keeping all our paperwork and computers organized for easy accessibility and understanding. Most agencies default action to not understanding your data is denial of services, negative action, Not Good Stuff. Then you have to appeal and it just increases the paperwork and hoop-jumping. I've long ago gotten use to making the process as painless for us as possible with the most amount of transparency to them. So if the hero member wants to spend his money having us investigated, fine. Just another Monday here. (grin)
 
The assumption seems to be that I am committing fraud, or wanting to commit fraud in some way by using bitcoin to hide assets or income, and not reporting it. My stating otherwise doesn't seem to deter the assumption. Oh well. Gives me a reason to check the thread until it dies from repetition.
 
Here's another anecdotal story about living the "entitled" lifestyle: During the 24 month period of time when we got to "pay our share first", after my wife's acceptance to receive Social Security Disability, during the automatic 24 month delay before approval to receive Medicare, "our share first" meant that all medical costs, prescriptions, Hospital inpatient, outpatient, Emergency Room, etc., physical therapy, home healthcare needs, stays at the lovely "drunk tank" (there isn't any other place you can be held if you are declared a danger to yourself or others and you have no health insurance) until you have a seizure and get to visit the indigent hospital ER, and every little bit of equipment, supply, transportation, or contracted service by said medical suppliers is billed to you, and very quickly adds up to $10s of thousands of dollars.
The fun part is that a couple of weeks into this 24 month coverage gap, we got a call from Social Security asking if we wanted to participate in a study they were doing to see if people in the SSD/Medicare gap would benefit from Health Insurance Coverage. The program would consist of 3 study groups: Group A would get a Health Insurance Card that would be accepted by all medical providers that accepted Medicare+Supplemental, and an RN trained in providing HR services to the disabled person.
Group B would receive just the Health Insurance Card, but would be expected to provide all their own HR services. The Health Insurance Card would pay for a maximum of $100K before it "maxed" out and would no longer be accepted.
Group C would receive a phone call once a month, and if they agreed to take a survey on how it was going without any Health Insurance like coverage, get $25 a month.
I was ecstatic to hear we had been chosen for Group B. Without that study group program, our medical debt during that 24 month period would have been $100k higher. I'm glad that we didn't get chosen for Group A because I wouldn't have received the training I did during that time in dealing with the default denial reaction of most government and medical services, and learned the process of appeals, transparency and persistence necessary to navigate the "entitled" lifestyle "successfully". Joy. (grin)

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May 29, 2013, 04:32:26 PM
 #126

just ignored a hero member.

nice.

Jim, I hope that dick is full of as much bull as he's spouting...


I am full of Bitcoins LOL you probably wish you were me. A top bitcoin member, rich as hell and working on awesome projects. Please ignore me Smiley

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May 29, 2013, 09:23:01 PM
 #127

just ignored a hero member.

nice.

Jim, I hope that dick is full of as much bull as he's spouting...


I am full of Bitcoins LOL you probably wish you were me. A top bitcoin member, rich as hell and working on awesome projects. Please ignore me Smiley

He-he I loled
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June 19, 2013, 10:22:25 AM
 #128

just ignored a hero member. nice. Jim, I hope that dick is full of as much bull as he's spouting...

Ouch. I'm very much against the Ignore button. Where's the fun? (grin)
It doesn't matter to me if he's just spouting or is actually having me investigated. We get investigated by so many agencies every year that one of my main "jobs" is keeping all our paperwork and computers organized for easy accessibility and understanding. Most agencies default action to not understanding your data is denial of services, negative action, Not Good Stuff. Then you have to appeal and it just increases the paperwork and hoop-jumping. I've long ago gotten use to making the process as painless for us as possible with the most amount of transparency to them. So if the hero member wants to spend his money having us investigated, fine. Just another Monday here. (grin)

He is against tax fraud but he probably doesn't mind the government spending money on endless bureaucracy and having civil workers who get payed $100,000+ annually (with a 5% pay raise every year or they will strike) to investigate and hound a man who has the misfortune to have a sick wife and wants to save a tiny amount of money.

In the end it would be much cheaper for the tax payers if they just ditched all those regulations and just paid you your money.

In my country we have many people who hate paying high taxes but call for more rules and regulations against things whenever they encounter something they don't like ("It should be banned!" "The government must take action!", etc.). They don't understand that they will have to pay for it.
JimCGSavings
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June 20, 2013, 01:46:08 PM
 #129

...
He is against tax fraud but he probably doesn't mind the government spending money on endless bureaucracy and having civil workers who get payed $100,000+ annually (with a 5% pay raise every year or they will strike) to investigate and hound a man who has the misfortune to have a sick wife and wants to save a tiny amount of money.

In the end it would be much cheaper for the tax payers if they just ditched all those regulations and just paid you your money. ...

My country's government isn't interested in making things cheaper for tax payers, IMHO.
gweedo assumed tax fraud was possible and being committed. My wife isn't sick, she's dying. Sorry, but "sick" implies she might recover. She will only get worse and need even more government paid for services in the future. Which ARE in the process of being cut back. Medicare is about to initiate another round of "services we no longer provide" cutbacks. The U.S., like the rest of the world, is in the midst of the greatest transfer of wealth from the 99% to the 1% ever in it's history. People get angry and lash out. Heck, I get angry and lash out! But I save that energy for incompetent contracted service providers who to take the government money and attempt to not provide the services because they get away with that when the disabled person doesn't have a caregiver. This forum, researching crypto-currencies, they're all just another distraction from our reality.

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legitnick
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June 20, 2013, 02:44:07 PM
 #130

Sorry about your wife. Bitcoin isnt a very good savings account due to the volatility of the currency. I would have half my funds in bitcoin, the rest in USD.

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tinus42
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June 20, 2013, 02:48:48 PM
 #131

My wife isn't sick, she's dying. Sorry, but "sick" implies she might recover. She will only get worse and need even more government paid for services in the future. Which ARE in the process of being cut back. Medicare is about to initiate another round of "services we no longer provide" cutbacks. The U.S., like the rest of the world, is in the midst of the greatest transfer of wealth from the 99% to the 1% ever in it's history. People get angry and lash out. Heck, I get angry and lash out! But I save that energy for incompetent contracted service providers who to take the government money and attempt to not provide the services because they get away with that when the disabled person doesn't have a caregiver. This forum, researching crypto-currencies, they're all just another distraction from our reality.

I'm sorry of any offense. The world is certainly screwed up for many people. It makes me wonder how more they can squeeze out of the people before there is any serious reaction from the public. The riots we see in Spain and Turkey could happen everywhere soon. Sorry for your wife and hopefully you will get your life on track again.
pontiacg5
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June 20, 2013, 04:03:51 PM
 #132

You are really going to put all your savings in bitcoins? The virtual currency the government is sheepishly cracking down on for tax fraud and you want to use it for that purpose? Seems smart.

Good luck getting anything of value for those coins down the line, especially if people like you continue seeing bitcoin as a means for tax fraud.




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June 20, 2013, 04:10:43 PM
 #133

You are really going to put all your savings in bitcoins? The virtual currency the government is sheepishly cracking down on for tax fraud and you want to use it for that purpose? Seems smart.

Good luck getting anything of value for those coins down the line, especially if people like you continue seeing bitcoin as a means for tax fraud.

Thanks to people like him that will be happening sooner.

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pontiacg5
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June 20, 2013, 04:12:06 PM
 #134

You are really going to put all your savings in bitcoins? The virtual currency the government is sheepishly cracking down on for tax fraud and you want to use it for that purpose? Seems smart.

Good luck getting anything of value for those coins down the line, especially if people like you continue seeing bitcoin as a means for tax fraud.

Thanks to people like him that will be happening sooner.

More or less my point, guys like this kill bitcoin or at least assist in doing so.

So thanks!

Please DO NOT send me private messages asking for help setting up GPU miners. I will not respond!!!
JimCGSavings
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June 20, 2013, 06:22:01 PM
 #135

I'm sorry of any offense. The world is certainly screwed up for many people. It makes me wonder how more they can squeeze out of the people before there is any serious reaction from the public. The riots we see in Spain and Turkey could happen everywhere soon. Sorry for your wife and hopefully you will get your life on track again.

No offense taken. Thanks for the well wishes. And Syria, Egypt, India, Pakistan, Greece, etc. Lots of opportunity for crypto-currencies!

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JimCGSavings
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June 20, 2013, 06:32:03 PM
 #136

You are really going to put all your savings in bitcoins? The virtual currency the government is sheepishly cracking down on for tax fraud and you want to use it for that purpose? Seems smart.
-
Good luck getting anything of value for those coins down the line, especially if people like you continue seeing bitcoin as a means for tax fraud.
I love a couple of good assumptions in the afternoon. Smells like teen spirit! or uh...victory? What? I'm old! (grin)
Assumption #1 "all your savings" amounts to 0. So, yeah, I think I'm gonna go ahead and put that in bitcoins.
Assumption #2 Tax fraud. Hey! Don't try to snake that snark from gweedo! He was there second! And more persistently than the first guy! He's earned the right to pwn that snark!

(grin)

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JimCGSavings
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June 20, 2013, 06:37:10 PM
 #137

You are really going to put all your savings in bitcoins? The virtual currency the government is sheepishly cracking down on for tax fraud and you want to use it for that purpose? Seems smart.

Good luck getting anything of value for those coins down the line, especially if people like you continue seeing bitcoin as a means for tax fraud.

Thanks to people like him that will be happening sooner.

Whew! For a minute there I thought you weren't gonna respond! Thanks gweedo! My post count would be MUCH lower without you! (grin)

I don't think even people like me that you assume see bitcoin as a means for tax fraud can even come close to hurting bitcoin. But that's just my opinion. Yer entitled to all of yours, of course.

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June 20, 2013, 06:42:42 PM
 #138

You are really going to put all your savings in bitcoins? The virtual currency the government is sheepishly cracking down on for tax fraud and you want to use it for that purpose? Seems smart.

Good luck getting anything of value for those coins down the line, especially if people like you continue seeing bitcoin as a means for tax fraud.

Thanks to people like him that will be happening sooner.

Whew! For a minute there I thought you weren't gonna respond! Thanks gweedo! My post count would be MUCH lower without you! (grin)

I don't think even people like me that you assume see bitcoin as a means for tax fraud can even come close to hurting bitcoin. But that's just my opinion. Yer entitled to all of yours, of course.

Yes people like you are hurting all the stuff that big bitcoiners like me do. Do you not see that, by committing tax fraud governments will not look pass that? Or you just too stupid, maybe your wife, is rubbing off on you. LMAO

Also again you being an idiot, post counts don't matter anymore, you can post 1000000 times but every two weeks it only counts for a little bit.

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JimCGSavings
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June 20, 2013, 06:48:11 PM
 #139

You are really going to put all your savings in bitcoins? The virtual currency the government is sheepishly cracking down on for tax fraud and you want to use it for that purpose? Seems smart.

Good luck getting anything of value for those coins down the line, especially if people like you continue seeing bitcoin as a means for tax fraud.

Thanks to people like him that will be happening sooner.

Whew! For a minute there I thought you weren't gonna respond! Thanks gweedo! My post count would be MUCH lower without you! (grin)

I don't think even people like me that you assume see bitcoin as a means for tax fraud can even come close to hurting bitcoin. But that's just my opinion. Yer entitled to all of yours, of course.

Yes people like you are hurting all the stuff that big bitcoiners like me do. Do you not see that, by committing tax fraud governments will not look pass that? Or you just too stupid, maybe your wife, is rubbing off on you. LMAO

Also again you being an idiot, post counts don't matter anymore, you can post 1000000 times but every two weeks it only counts for a little bit.

But I like my post count! I think the things I post are doing good, not harm. I'm sure people will look at my posts and your posts and come to their own conclusions. And I don't even need a private investigator to know that! (grin)

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June 20, 2013, 06:56:06 PM
 #140

You are really going to put all your savings in bitcoins? The virtual currency the government is sheepishly cracking down on for tax fraud and you want to use it for that purpose? Seems smart.

Good luck getting anything of value for those coins down the line, especially if people like you continue seeing bitcoin as a means for tax fraud.

Thanks to people like him that will be happening sooner.

Whew! For a minute there I thought you weren't gonna respond! Thanks gweedo! My post count would be MUCH lower without you! (grin)

I don't think even people like me that you assume see bitcoin as a means for tax fraud can even come close to hurting bitcoin. But that's just my opinion. Yer entitled to all of yours, of course.

Yes people like you are hurting all the stuff that big bitcoiners like me do. Do you not see that, by committing tax fraud governments will not look pass that? Or you just too stupid, maybe your wife, is rubbing off on you. LMAO

Also again you being an idiot, post counts don't matter anymore, you can post 1000000 times but every two weeks it only counts for a little bit.

But I like my post count! I think the things I post are doing good, not harm. I'm sure people will look at my posts and your posts and come to their own conclusions. And I don't even need a private investigator to know that! (grin)

Yes your post are good, if you want to hurt the community, that a lot of people worked hard, so you can sit on your ass, and make money from just holding on to coins. But you don't see that and that hurts. Also about the private investigator, he has told me so much about you, and for free Wink so be careful at any time I can just ring the IRS and tell them about your little ideas Wink

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