digigalt (OP)
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July 02, 2011, 11:24:27 PM
Last edit: September 03, 2011, 06:58:59 PM by hugolp |
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I can't disclose my sources, but I can say with some confidence that Australian authorities are going to move on TradeHill sometime this week or next week. The sad part is that TradeHill easily - EASILY - could have obtained licensing or some sort of exemption from Australian financial authorities. Other investigations won't be far behind.
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Oldminer
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July 02, 2011, 11:30:18 PM |
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So you keep telling us
Oh and seeing as TH only just started trading in AUS dollars, and considering how notoriously slow government is to act on 'alleged' breaches of the trade practices act, I doubt we will be seeing any 'action' talken against TH in the foreseeable future (if at all).
Btw, which exchange do you work for?
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bitcoiners
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July 02, 2011, 11:32:37 PM |
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I'm not a Tradehill fan, by far. But unless you disclose your source. It's just FUD.
Sorry....
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jackjack
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May Bitcoin be touched by his Noodly Appendage
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July 02, 2011, 11:34:27 PM |
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I'm not a Tradehill fan, by far. But unless you disclose your source. It's just FUD.
This 1000 times |
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done
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July 02, 2011, 11:34:55 PM |
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Jaime Frontero
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July 02, 2011, 11:38:42 PM |
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"i can't disclose my sources, but..."
"my brother-in-law heard..."
"the word on the street is..."
"a guy i met in a bar said..."
"michelle bachmann believes..."
* yawn *
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Dobrodav
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July 02, 2011, 11:42:34 PM |
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Wait a sec ... Pop-corn ...
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1.21gigawatts
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July 02, 2011, 11:57:03 PM |
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You got it all wrong, my source say with some confidence that Nigerian authorities are going to move on TradeHill sometime this week or next week.
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Kman54
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July 02, 2011, 11:57:41 PM |
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digigalt (OP)
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July 02, 2011, 11:58:59 PM |
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Just make sure TradeHill sends you guys packs of smokes so you can have a cigarette after you get fucked.
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bitcoiners
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July 03, 2011, 12:04:00 AM |
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Just make sure TradeHill sends you guys packs of smokes so you can have a cigarette after you get fucked.
Considering I have a whole 33 dollars in TradeHill and you aren't giving any sources to verify what you say. I guess I'll take my chances. Now piss off. Or you can disclose what you know with sources so we can verify. If not, again, piss off. |
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MeSarah
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July 03, 2011, 12:09:36 AM |
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This is pure FUD!! First, if Im not mistaken TH in located in Chile land of Pinochet. Australia has ZERO jurisdiction. If the AU authorities were to do something at most all they could do is stop AUD flowing into TH. Trade Hill has no worries.
I have no fear. Say it! I have no fear.
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cloud9
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July 03, 2011, 12:13:39 AM |
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I can't disclose my sources, but I can say with some confidence that Australian authorities are going to move on TradeHill sometime this week or next week. The sad part is that TradeHill easily - EASILY - could have obtained licensing or some sort of exemption from Australian financial authorities. Other investigations won't be far behind.
Tradehill refers to Bitcoins as digital goods/commodity like MtGox does. With regards to financial services, it makes a big difference to a trade provider whether it is an online market place, or a financial exchange of contracts/promissary notes/stocks representing other things of value with no intrinsic value itself. Bitcoins that you buy/sell/(trade for goods) is a digital good/crypto-commodity that can amongst other uses (digital identification signatures, message encryption, secure web logins) be bartered as a medium of exchange or crypto-currency. It seems like Australia and the United Kingdom's tax offices view Bitcoins as having intrinsic value as a commodity (although used as P2P crypto-currency/medium of exchange in barter transactions). see http://www.theregister.co.uk/2011/06/08/bitcoin_under_attack/UK considers Bitcoins taxable unique property assets? : "... quoting Her Magesty’s Revenue & Customs as saying that turning Bitcoins into currency could make transactions taxable..." (turning Bitcoins into currency, turning a digital good into a national currency) Australian Tax Office considers Bitcoins taxable unique property assets: "... If traced by the Australian Tax Office, Bitcoins would probably get the same treatment as “barter” exchanges, with tax assessed on the value of traded goods or services. ..." (barter of digital goods/services) |
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kripz
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July 03, 2011, 12:27:39 AM |
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Which will also effect TH, afterall, their money will be seized.
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Nescio
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July 03, 2011, 12:42:14 AM |
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Which will also effect TH, afterall, their money will be seized. Great, this or next week is good, instead of millions in a couple of years, they'll get all $500 or so of it now  I'm sure this will send shockwaves through the Bitcoin community, causing everyone to abandon it with ehm, abandon. I love prophets with distinct and up-close dates, they are so easily proven wrong. |
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gigabytecoin
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July 03, 2011, 12:44:59 AM |
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If it were any country, I would believe it to be australia. And for that reason I suggest that any exchange operators stear clear away from that hell hole of a "Democracy". They literally ban more than twice the number of video games than the PRC for example.You cannot purchase what the gov't deems to be "hardcore" pornography. When I wanted to place bets on Betfair's "Australian" market... basically any bets even RELATED TO australia (placed anywhere in the world) need to be tracked by the australian gambling authority. So I had to fax them individually (on top of faxing all of my info to Betfair) tons of extra information because they are extremely bureaucratic like that. I even had a friend who swears by not doing business in Australia because of many deals "gone south" many moons ago. Seriously, be careful doing business in Aussy Land. |
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bitcoiners
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July 03, 2011, 12:48:06 AM |
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I love prophets with distinct and up-close dates, they are so easily proven wrong.
It isn't about proving them wrong. They have the burden to prove themselves right. And without sources they can say anything. I heard Mark from MTgox murdered someone and that Japanese authorities are moving in. Want to prove me wrong? That isn't how accusations work. You have the burden to prove your accusation correct. Not the other way around. |
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digigalt (OP)
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July 03, 2011, 01:12:51 AM |
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If TradeHill's affiliate in Australia isn't worried about a pending investigation, why haven't we heard from the affiliate. In the announcement thread, we learned that Jaden Rubenstein would be handling Australia. Surely, if he has all his ducks in a row, he'll come out and let us know that our AUD is safe.
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bitcoiners
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July 03, 2011, 01:14:49 AM |
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If TradeHill's affiliate in Australia isn't worried about a pending investigation, why haven't we heard from the affiliate. In the announcement thread, we learned that Jaden Rubenstein would be handling Australia. Surely, if he has all his ducks in a row, he'll come out and let us know that our AUD is safe.
Oh, I get it now. You are Australian and want to make sure your AUD are safe. You are going about this all wrong dude. This isn't an example and this doesn't help your case. Seriously, you sound like a deranged monkey. |
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