LOTTOCOIN OLD THREAD, [CLOSED]

[garcias]

Buying some
Hope this coin will grow  

[1715286474]

1715286474

[1715286474]

1715286474

[1715286474]

1715286474

[1715286474]

1715286474

[1715286474]

1715286474

[y3804]

Buying some
Hope this coin will grow  

It won't

[skillrun]

It won't

...says the boy

[Hampuz]

Buying some
Hope this coin will grow  

Welcome to the community . Don't mind the obvious trolls, most of them just sold low hoping they could buy back lower, but then it turns out they just lot several bitcoins because of their ego's.  You will soon learn who they are and can press the "Ignore" buttons accordingly.

Give me your LOT adress and ill hook you up with a voucher that you can use at http://lot.rapidballs.eu with the chance to take home the 3M LOT Jackpot

Cheers!

[noedelx]

Buying some
Hope this coin will grow  

Welcome to lottocoin mate

[y3804]

Buying some
Hope this coin will grow  

Welcome to the community . Don't mind the obvious trolls, most of them just sold low hoping they could buy back lower, but then it turns out they just lot several bitcoins because of their ego's.  You will soon learn who they are and can press the "Ignore" buttons accordingly.

Give me your LOT adress and ill hook you up with a voucher that you can use at http://lot.rapidballs.eu with the chance to take home the 3M LOT Jackpot

Cheers!

And there it goes again, promoting their rapidballs shit. dont fall in the trap

[boomerjackson]

Buying some
Hope this coin will grow  

Welcome to the community . Don't mind the obvious trolls, most of them just sold low hoping they could buy back lower, but then it turns out they just lot several bitcoins because of their ego's.  You will soon learn who they are and can press the "Ignore" buttons accordingly.

Give me your LOT adress and ill hook you up with a voucher that you can use at http://lot.rapidballs.eu with the chance to take home the 3M LOT Jackpot

Cheers!

And there it goes again, promoting their rapidballs shit. dont fall in the trap

troll

[skillrun]

buy wall @15 gone

[Thorgrim]

I dont know where you guys got this information that Bitcoin was stamped as real money or "Legal currency" the only country that's even come close to this is Germany.. and even then it's only considered legal as a unit of account so that they can tax it.

I agree with the quote just want to expand on it further.

There is a lot of misunderstanding and disinformation regarding what BTC and altcoins are.

Much of the confusion is the result of most people being brainwashed from birth to be statists because they attended public education and watched too much TV.

What people need to understand is that governments are not "real" They are legal fictions. Yes I know there are armies, buildings and physical things that manifest themselves but "government" itself is really no different then a corporation.

A bunch of people get together, write down some shit on a piece of paper (constitution), they sign it and poof "government" exists where before it did not.

So if government only really exists on paper then it is easy to understand that governments jurisdiction does not extend to infinity. It can only extend so far as they have contracts, or agreements, legislation, treaties etc. All things that also only exist on paper.

Now since BTC and other alt coins were basically created open source out of nothing and no contracts or legislation were made to create them, there really is nothing on paper for governments to attach themselves too. There is nothing for them to contract with. They have no jurisdiction, period.

Now they can claim they do, they can say anything they want and you can believe them if you wish. But BTC and altcoins are outside of their control because they cannot contract with or create treaties with something that is not a "legal entity" and has no governing body (another corporation basically) with which to contract with.

So is BTC money? Well it depends on your definition of "money."

If by "money" you mean "legal tender" something created by a corporation, (the federal reserve is a corporation) then no it is not.

If by "money" you mean something of value that people are willing to accept in exchange then yes it is.

Now they can regulate the trading of BTC into USD or other government currencies because you are dealing in "their" money. They get jurisdiction on the fiat side of that trade, not the BTC side.

Just like they can tax you on your labor, as soon as you convert it into fiat, not before.

For example if I build a table from raw materials. The table is worth more then the material it is made from. I have gained "value" but tax is not due until I sell it for fiat.

Hope that helps people wrap their heads around what cryptocurrency is.

[heartthew]

I dont know where you guys got this information that Bitcoin was stamped as real money or "Legal currency" the only country that's even come close to this is Germany.. and even then it's only considered legal as a unit of account so that they can tax it.

I agree with the quote just want to expand on it further.

There is a lot of misunderstanding and disinformation regarding what BTC and altcoins are.

Much of the confusion is the result of most people being brainwashed from birth to be statists because they attended public education and watched too much TV.

What people need to understand is that governments are not "real" They are legal fictions. Yes I know there are armies, buildings and physical things that manifest themselves but "government" itself is really no different then a corporation.

A bunch of people get together, write down some shit on a piece of paper (constitution), they sign it and poof "government" exists where before it did not.

So if government only really exists on paper then it is easy to understand that governments jurisdiction does not extend to infinity. It can only extend so far as they have contracts, or agreements, legislation, treaties etc. All things that also only exist on paper.

Now since BTC and other alt coins were basically created open source out of nothing and no contracts or legislation were made to create them, there really is nothing on paper for governments to attach themselves too. There is nothing for them to contract with. They have no jurisdiction, period.

Now they can claim they do, they can say anything they want and you can believe them if you wish. But BTC and altcoins are outside of their control because they cannot contract with or create treaties with something that is not a "legal entity" and has no governing body (another corporation basically) with which to contract with.

So is BTC money? Well it depends on your definition of "money."

If by "money" you mean "legal tender" something created by a corporation, (the federal reserve is a corporation) then no it is not.

If by "money" you mean something of value that people are willing to accept in exchange then yes it is.

Now they can regulate the trading of BTC into USD or other government currencies because you are dealing in "their" money. They get jurisdiction on the fiat side of that trade, not the BTC side.

Just like they can tax you on your labor, as soon as you convert it into fiat, not before.

For example if I build a table from raw materials. The table is worth more then the material it is made from. I have gained "value" but tax is not due until I sell it for fiat.

Hope that helps people wrap their heads around what cryptocurrency is.

Dig it. +1

[BassDuck]

I dont know where you guys got this information that Bitcoin was stamped as real money or "Legal currency" the only country that's even come close to this is Germany.. and even then it's only considered legal as a unit of account so that they can tax it.

I agree with the quote just want to expand on it further.

There is a lot of misunderstanding and disinformation regarding what BTC and altcoins are.

Much of the confusion is the result of most people being brainwashed from birth to be statists because they attended public education and watched too much TV.

What people need to understand is that governments are not "real" They are legal fictions. Yes I know there are armies, buildings and physical things that manifest themselves but "government" itself is really no different then a corporation.

A bunch of people get together, write down some shit on a piece of paper (constitution), they sign it and poof "government" exists where before it did not.

So if government only really exists on paper then it is easy to understand that governments jurisdiction does not extend to infinity. It can only extend so far as they have contracts, or agreements, legislation, treaties etc. All things that also only exist on paper.

Now since BTC and other alt coins were basically created open source out of nothing and no contracts or legislation were made to create them, there really is nothing on paper for governments to attach themselves too. There is nothing for them to contract with. They have no jurisdiction, period.

Now they can claim they do, they can say anything they want and you can believe them if you wish. But BTC and altcoins are outside of their control because they cannot contract with or create treaties with something that is not a "legal entity" and has no governing body (another corporation basically) with which to contract with.

So is BTC money? Well it depends on your definition of "money."

If by "money" you mean "legal tender" something created by a corporation, (the federal reserve is a corporation) then no it is not.

If by "money" you mean something of value that people are willing to accept in exchange then yes it is.

Now they can regulate the trading of BTC into USD or other government currencies because you are dealing in "their" money. They get jurisdiction on the fiat side of that trade, not the BTC side.

Just like they can tax you on your labor, as soon as you convert it into fiat, not before.

For example if I build a table from raw materials. The table is worth more then the material it is made from. I have gained "value" but tax is not due until I sell it for fiat.

Hope that helps people wrap their heads around what cryptocurrency is.

Well said, I made that post because some one was asking about the legality of gambling with crypto currencies because apparently bitcoin was considered legal tender or legal trading currencty in America or something along those lines, (post is near the bottom of page 261 with subsequent reply's thereafter). Just wanted to point out that is not the fact currently.

[ontopicplease]

I dont know where you guys got this information that Bitcoin was stamped as real money or "Legal currency" the only country that's even come close to this is Germany.. and even then it's only considered legal as a unit of account so that they can tax it.

I agree with the quote just want to expand on it further.

There is a lot of misunderstanding and disinformation regarding what BTC and altcoins are.

Much of the confusion is the result of most people being brainwashed from birth to be statists because they attended public education and watched too much TV.

What people need to understand is that governments are not "real" They are legal fictions. Yes I know there are armies, buildings and physical things that manifest themselves but "government" itself is really no different then a corporation.

A bunch of people get together, write down some shit on a piece of paper (constitution), they sign it and poof "government" exists where before it did not.

So if government only really exists on paper then it is easy to understand that governments jurisdiction does not extend to infinity. It can only extend so far as they have contracts, or agreements, legislation, treaties etc. All things that also only exist on paper.

Now since BTC and other alt coins were basically created open source out of nothing and no contracts or legislation were made to create them, there really is nothing on paper for governments to attach themselves too. There is nothing for them to contract with. They have no jurisdiction, period.

Now they can claim they do, they can say anything they want and you can believe them if you wish. But BTC and altcoins are outside of their control because they cannot contract with or create treaties with something that is not a "legal entity" and has no governing body (another corporation basically) with which to contract with.

So is BTC money? Well it depends on your definition of "money."

If by "money" you mean "legal tender" something created by a corporation, (the federal reserve is a corporation) then no it is not.

If by "money" you mean something of value that people are willing to accept in exchange then yes it is.

Now they can regulate the trading of BTC into USD or other government currencies because you are dealing in "their" money. They get jurisdiction on the fiat side of that trade, not the BTC side.

Just like they can tax you on your labor, as soon as you convert it into fiat, not before.

For example if I build a table from raw materials. The table is worth more then the material it is made from. I have gained "value" but tax is not due until I sell it for fiat.

Hope that helps people wrap their heads around what cryptocurrency is.

Very well said, for years I am trying to wake up my friends. Some ( the noobs) laugh at me, but a lot wake up and start thinking about how this world ( big joke) really is organized.

[damnation]

i'm actually curious abt germany accounting for bitcoin on tax purpose.. how does that work exactly? Does a company provide one single wallet address and then subject it to taxes on that account?

[BassDuck]

i'm actually curious abt germany accounting for bitcoin on tax purpose.. how does that work exactly? Does a company provide one single wallet address and then subject it to taxes on that account?

not 100% sure on that, I guess it would fall under any private money laws they have and guess it would be up to whom ever to decide if they actually want to claim or not?

http://www.youtube.com/watch?feature=player_embedded&v=YcIbEGjEYTc

[damnation]

i'm actually curious abt germany accounting for bitcoin on tax purpose.. how does that work exactly? Does a company provide one single wallet address and then subject it to taxes on that account?

not 100% sure on that, I guess it would fall under any private money laws they have and guess it would be up to whom ever to decide if they actually want to claim or not?

http://www.youtube.com/watch?feature=player_embedded&v=YcIbEGjEYTc

hmm that was an interesting vid but not much more information on it than what we could speculate ourselves... ah well.. i am curious though as to how much of bitcoins value is derived from the fact that it is unregulated.. and how much future regulations will actually influence its adoption..

[garcias]

Buying some
Hope this coin will grow  

It won't

So why not?

[noedelx]

Buying some
Hope this coin will grow  

It won't

So why not»

iqnore him mate he's mad because he sold when it whas low and only 12 hours later the price whas 90% higher then his sell price

[garcias]

Buying some
Hope this coin will grow  

It won't

So why not»

iqnore him mate he's mad because he sold when it whas low and only 12 hours later the price whas 90% higher then his sell price

but what he doesnt know, he is supporting this coin by leaving some comments here and  more ppl will see this thread 
Well done 

[BassDuck]

i'm actually curious abt germany accounting for bitcoin on tax purpose.. how does that work exactly? Does a company provide one single wallet address and then subject it to taxes on that account?

not 100% sure on that, I guess it would fall under any private money laws they have and guess it would be up to whom ever to decide if they actually want to claim or not?

http://www.youtube.com/watch?feature=player_embedded&v=YcIbEGjEYTc

hmm that was an interesting vid but not much more information on it than what we could speculate ourselves... ah well.. i am curious though as to how much of bitcoins value is derived from the fact that it is unregulated.. and how much future regulations will actually influence its adoption..

There's a ton of articles out there, none really explain the full implications, as far as bitcoin value, most bitcoiners like to say the value comes from the payment system more than anything. the ability to transfer "funds" around the world in a short period of time with a very small fee, outside of exchange rates and times and such. Like any market the value is representative of demand the more people that want bitcoin the harder it is to get bitcoins therefor the value must go up to accommodate the demand.

[kpg99miner]

mrlotto,

who takes care of http://lottocoin.info/chain/lottocoin it seems to be down, this is putting lottocoin as ?? on coinmarketcap.com