noisia (OP)
Newbie
 Offline
Activity: 7
Merit: 0
|
 |
December 04, 2013, 05:29:31 PM |
|
Exciting times ahead for bitcoin by the looks of things! Personally I think it's great news for potential new investors that are still scared teetering on the fence. The clear downside of the situation is the fact they will almost definitely tax Bitcoin related endeavours. What does everyone think of this? How do you think this will effect the price of BTC? How long do you think it will be until other countries follow their lead? Source - http://rt.com/news/bitcoin-germany-recognize-currency-641/ |
|
|
|
|
|
|
|
|
|
|
|
Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
DeathAndTaxes
Donator
Legendary
Offline
Activity: 1218
Merit: 1079
Gerald Davis
|
|
December 04, 2013, 05:33:25 PM |
|
Legal tender obviously doesn't mean what you think it means. Bitcoin is not legal tender is Germany or anywhere in the world. The ruling is still good news but it doesn't make it legal tender.
|
|
|
|
|
|
RaTTuS
|
|
December 04, 2013, 05:44:00 PM |
|
Again this is August news
|
In the Beginning there was CPU , then GPU , then FPGA then ASIC, what next I hear to ask ....
1RaTTuSEN7jJUDiW1EGogHwtek7g9BiEn
|
|
|
noisia (OP)
Newbie
Offline
Activity: 7
Merit: 0
|
|
December 04, 2013, 05:51:00 PM |
|
Again this is August news
You are correct, however, I'd like to know how you think this with effect the prices etc. |
|
|
|
|
ChessWhiz
Newbie
Offline
Activity: 31
Merit: 0
|
|
December 04, 2013, 05:54:33 PM |
|
This simply means that Germany is ready to tax your bitcoins. I think you can expect the same treatment from other countries.
|
|
|
|
|
noisia (OP)
Newbie
Offline
Activity: 7
Merit: 0
|
|
December 04, 2013, 05:58:54 PM |
|
This simply means that Germany is ready to tax your bitcoins. I think you can expect the same treatment from other countries.
Again, this is true, however, I believe the same happens in the UK if you withdraw more then a certain amount! You can't just suddenly withdraw hundreds of thousands from mtgox for example and direct transfer to your bank without serious questioning and or heavy taxes. I really appreciate the your insight however! |
|
|
|
|
|
Bitbuy
|
|
December 04, 2013, 06:05:47 PM |
|
This simply means that Germany is ready to tax your bitcoins. I think you can expect the same treatment from other countries.
Again, this is true, however, I believe the same happens in the UK if you withdraw more then a certain amount! You can't just suddenly withdraw hundreds of thousands from mtgox for example and direct transfer to your bank without serious questioning and or heavy taxes. I really appreciate the your insight however! True, but you also can't help to see some government ploy "to get in on this Bitcoin scheme and scoop some money"; while at the same time they are skeptical of it becoming a valid means of pay... |
|
|
|
|
zimmah
Legendary
Offline
Activity: 1106
Merit: 1005
|
|
December 04, 2013, 07:06:53 PM |
|
Legal tender obviously doesn't mean what you think it means. Bitcoin is not legal tender is Germany or anywhere in the world. The ruling is still good news but it doesn't make it legal tender.
Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation. |
|
|
|
|
DeathAndTaxes
Donator
Legendary
Offline
Activity: 1218
Merit: 1079
Gerald Davis
|
|
December 04, 2013, 07:45:41 PM |
|
Legal tender obviously doesn't mean what you think it means. Bitcoin is not legal tender is Germany or anywhere in the world. The ruling is still good news but it doesn't make it legal tender.
Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation. Bitcoin is not legal tender in Germany or anywhere in the world. That isn't necessarily a bad thing but it reality. Nobody is obligated to accept Bitcoins. |
|
|
|
|
jojo69
Legendary
Offline
Activity: 3150
Merit: 4309
diamond-handed zealot
|
|
December 04, 2013, 07:48:06 PM |
|
|
This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
|
|
|
|
