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Author Topic: Osborne makes a withdrawal from a Bitcoin ATM  (Read 2861 times)
rohnearner (OP)
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August 07, 2014, 08:32:35 PM
Last edit: August 08, 2014, 02:35:15 PM by rohnearner
 #1

U.K.’s Chancellor of the Exchequer, George Osborne, bought bitcoins for the first time from Cointrader.net’s
Full Story:- http://www.cryptocoinsnews.com/news/uk-chancellor-george-osborne-buys-bitcoin/2014/08/06

iluvpie60
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August 07, 2014, 08:45:13 PM
 #2

U.K.’s Chancellor of the Exchequer, George Osborne, bought bitcoins for the first time from Cointrader.net’s
Full Story:- http://www.cryptocoinsnews.com/news/uk-chancellor-george-osborne-buys-bitcoin/2014/08/06


Very interesting! Also I love your Real Eyes slogan Smiley


What does the Chancellor of the Exchequer doo? Chancellor of Exchange is what that stands for? Either way, it is very helpful when people who are in the spotlight or government do these types of things. Bitcoin could stand to gain more of this type of thing and hopefully we get more government and their staffers to use Bitcoin and give us good publicity.
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August 07, 2014, 08:53:09 PM
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What does the Chancellor of the Exchequer doo?

he's the guy in control of the countries budgets. he is the one that says that social security gets X amount this year, military gets Y amounts this year and healthcare gets Z.... oh and the guy that ensures he receives A, B and C amounts.

in short he is the accountant/book keeper of the government funding (tax)

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practicaldreamer
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August 07, 2014, 08:55:14 PM
 #4

"Run this by me again - I can still use this stuff to extract PAYE and VAT  - but me and my Bullingdon Club chums won't have to pay a fuckin penny ? I'm sold on it already"
rohnearner (OP)
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August 07, 2014, 08:56:30 PM
 #5


What does the Chancellor of the Exchequer doo?

he's the guy in control of the countries budgets. he is the one that says that social security gets X amount this year, military gets Y amounts this year and healthcare gets Z.... oh and the guy that ensures he receives A, B and C amounts.

in short he is the accountant/book keeper of the government funding (tax)
So keeping that in mind sooner or later he's gonna be the man that will try to regulate bitcoins and face criticism from the community...!

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August 07, 2014, 09:04:14 PM
 #6

Thought would be Ozzy Osbourne  Grin

Anyway, good news see government people using bitcoin, just hope they don't end up betraying it
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August 07, 2014, 09:07:16 PM
 #7

This is an encouraging statement from the UK government. Bitcoin may be regulated in the uk soon, but is not illegal. I am surprised to see the C of E showing high profile support for bitcoin.

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GrandMasterB
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August 07, 2014, 09:07:38 PM
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I thought it was Ozzy too but I'm more impressed by this.
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August 07, 2014, 09:11:28 PM
 #9

Fuck it, I'm moving out of the country for good now, I know you guys outside of the UK won't know much about George Osborne but this guy knows even less about the economy than Paul Krugman, the fact that he's wanting to put VAT on Bitcoins means he's going to tax UK Bitcoin users hard, in fact, I think the UK a probably going to see Bitcoin as a way of getting more tax income in general.

Banks are extremely well established here and have a strangehold on everything financial, so they're going to do everything they can to control Bitcoin and make it unappealing for people to use.
rohnearner (OP)
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August 07, 2014, 09:16:55 PM
 #10

Fuck it, I'm moving out of the country for good now, I know you guys outside of the UK won't know much about George Osborne but this guy knows even less about the economy than Paul Krugman, the fact that he's wanting to put VAT on Bitcoins means he's going to tax UK Bitcoin users hard, in fact, I think the UK a probably going to see Bitcoin as a way of getting more tax income in general.

Banks are extremely well established here and have a strangehold on everything financial, so they're going to do everything they can to control Bitcoin and make it unappealing for people to use.
Although I'm not from UK but just two posts above I posted exactly why the bitcoin community gonna hate him eventually, its no rocket science to understand that why a politician will do no good with/to btc .

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August 07, 2014, 09:18:19 PM
 #11

in the UK the HMRC is still in the official stance that although an asset officially. it should unofficially be treated as an asset currency. much like how someone exchanging pounds for euro's wouldnt have 20% less euro value.

we will soon see

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August 07, 2014, 10:36:55 PM
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I wonder if he had better luck than the guys on Tested (the youtube channel that just uploaded that video where they get their money stuck on the machine and can't withdraw)

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August 07, 2014, 11:03:01 PM
 #13

https://bitcointalk.org/index.php?topic=727176.0

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August 07, 2014, 11:09:55 PM
 #14

Good to see people in positions that high getting some hands-on experience with Bitcoin. They are supposed to decide so many things and often don't even know what those things are. I believe politicians could use that kind of experience in order to get to know Bitcoin better!

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August 07, 2014, 11:27:50 PM
 #15

Good to see people in positions that high getting some hands-on experience with Bitcoin. They are supposed to decide so many things and often don't even know what those things are. I believe politicians could use that kind of experience in order to get to know Bitcoin better!
I think a congressman did the same thing when a Bitcoin ATM was installed in capital hill. It made the news and everything. I do wonder just how much use it get though.

I defiantly think this is very good for bitcoin as it will likely cause it to be seen less of a threat to governments.
RobertDJ
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August 07, 2014, 11:53:49 PM
 #16

Good to see people in positions that high getting some hands-on experience with Bitcoin. They are supposed to decide so many things and often don't even know what those things are. I believe politicians could use that kind of experience in order to get to know Bitcoin better!
I think a congressman did the same thing when a Bitcoin ATM was installed in capital hill. It made the news and everything. I do wonder just how much use it get though.

I defiantly think this is very good for bitcoin as it will likely cause it to be seen less of a threat to governments.
I agree, this is likely a good thing for bitcoin in this country!
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August 08, 2014, 01:29:46 AM
 #17

Im glad I'm not the only one who clicked the thread thinking it would be Ozzy. Haha.
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August 08, 2014, 01:35:19 AM
 #18

This is good news a good publicity for bitcoin. I hope they realize the importance of bitcoin.

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rohnearner (OP)
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August 08, 2014, 06:40:17 AM
 #19

Didn't noticed it at all ,although I tried search feature but it comes up with totally irrelevant results.

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August 08, 2014, 07:17:46 AM
 #20

Good news. Still waiting when the Queen would buy BTC Cheesy
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