BITCOINS...tax free money.

It won't be delivered until Q2/3, so you probably have some time to mine. Although there are quite a few companies working on scrypt ASICs, so the scrypt game will change very soon as well.

 

The USD/Eur price just dropped a bit too, all currencies fluctuate, you don't really notice except when u go to exchange currencies, or when u hand a guy at a hotdog cart 2 bucks and that ain't enough anymore cuz it's 3 dollars now!

Yeah bitcoin is good for purchasing shady goods! Or selling them if ur on that end of it.


And I hope the governments don't somehow get their hands on it so they can run all the exchanges....wall street already fuckin with it, and in know there's a place on chambers street that deals in bitcoins but I believe only in transactions 100BTC or more!

 

To be honest, you are better off buying shady goods with cash. Unless you buy them online ofcourse.

 

Thing is, you can run a "legit business" and sell shady things...as long as u keep the books "right" it's legal

 

I will just leave this here.

https://www.youtube.com/watch?v=ZW-oUXqomT0"]If bitcoins were around in the '90s... - YouTube

 

have 0.5 in a blockchain wallet, and i can,t send anything from it?
it says only 0.00007863 is availbale? when my balance says 0.5(291.34)
anyone know why??? i,m at a loss here?

 

Not sure what's going on there. You might have send something anyway and it's waiting for confirmations. Check your txid at blockchain.info to see what's happening.

 

ah yes...i did and no the coin is there, has been a few days too has 557 confirms. i dont know what to do, opened a support ticket with blockchain hopefully they can help.

 

Yeah, best thing to do is contact them.
Did you pay a miners fee?
If not, it might take a while before your transaction goes through.

 

one more step further removed from rocks and trees and little furry creatures. its not the little green pieces of paper that are unhappy. but have at it. to each their own.

 

still can,t send bitcoin....
blockchain support takes about 20 hours to replay back asking for a screenshot.

we,ll see?? i know my bitcoin is there, confirm,s are up to 778 today.
must be a glitch/bug??

 

http://dealbook.nytimes.com/2014/03...erty-not-currency/?_php=true&_type=blogs&_r=0

 

TAX-FREE? Not anymore.

http://www.pcworld.idg.com.au/artic...in_property_like_stocks_rather_than_currency/





US will tax Bitcoin as property, like stocks, rather than as currency
Investors welcomed the news but it could mean additional record-keeping for people who spend bitcoins like cash
James Niccolai (IDG News Service) — 25 March, 2014 20:54
Share
Be the first to comment 0
The U.S. Internal Revenue Service has said it will treat Bitcoin as a form of property for tax purposes, rather than as currency, making it subject to similar rules as stocks and barter transactions.

The new rules announced Tuesday appear to be good news for investors, because any gains they make from buying bitcoins will be treated as capital gains, which can mean lower tax rates. But they could also mean that people who spend bitcoins to buy goods and services will have to keep detailed records of those transactions.

That's because they'll have to figure out any gains they make. For example, as Bloomberg noted, if a person buys a US$2 cup of coffee with bitcoins they originally bought for only $1, they might have to report the $1 they made as a capital gain.

The IRS issued the guidance for Bitcoin and other virtual currencies in a 6-page document on its website Tuesday. It arrives shortly before the April 15 deadline for filing tax returns in the U.S.

"For federal tax purposes, virtual currency is treated as property. General tax principles applicable to property transactions apply to transactions using virtual currency," the IRS said.

People who receive bitcoins as payment for goods or services will have to calculate, as part of their gross income, the value of those bitcoins in U.S. dollars as the time they were received, the IRS said.

The same applies to those who "mine" new bitcoins using computers. They'll have to include in their taxable gross income the value of the bitcoins at the time they mine them.

And employers who pay people in bitcoins will have to declare them on a W-2 form for the purpose of federal income tax, insurance contributions and federal unemployment tax. As with regular wages, that requirement generally kicks in when the amount reaches $600 or more.

The rules provide clarity for those investing in Bitcoin and were welcomed by attendees at a conference on virtual currencies in San Francisco.

"It's a good thing," said Micky Malka, founder of Ribbit Capital, which invested in several Bitcoin companies. The new rules will help to promote innovation and the industry around virtual currencies, he said.

Plus, he said, "any framework is better than no framework."

(Zach Miners in San Francisco contributed to this report.)

James Niccolai covers data centers and general technology news for IDG News Service. Follow James on Twitter at @jniccolai. James's e-mail address is james_niccolai@idg.com

 

finally got ma wallet unlocked ..sent a micro trans of 0.00001 without a miner fee.might take all month to confirm but screw it, it,s unlocked now. so i sent 0.49 to another wallet but with a 0.001 trans fee hopefully it confirms faster.

 

Had a little trouble today sending quarks out of my wallet. There were so many tiny transactions that anything over 1QRk took too many of these tiny transactions to fit into a block. Once I finally got those out of the way I could transfer the rest of it to crypsty

 

now the price is crashing down more...515 now

 

yeah it,s sorta like paying for something in pennies.....
all little bits of coin, the biggest size was 18628bytes in a trans.

 

that made me laugh....cause ma old lady was bitching at me sitting and bitching at the bitcoin price, while i had my wallet locked up.(like the guy above lol don,t look like that)......but the price still sucks...Don't overthink it, dude, just go along with it. http://winkdex.com/#/

 

boy price jumped 45$ overnight. april 1st... japan , canada, and a few more are able to buy bitcoins more freely, expect the price to climb....http://winkdex.com/#/

http://www.coindesk.com/vault-of-satoshi-gets-full-money-services-license-canada/