|
how does it even solve trust merchant demands bits-coins first, gets them, keeps items merchant provides items first, never gets the bits-coins hmm
|
#
?
Dec 6, 2019 22:16
|
|
|
|
| # ? Apr 25, 2024 00:28 |
|
|
Suspicious posted:how does it even solve trust it would be recorded for all time
|
|
#
?
Dec 6, 2019 22:33
|
|
|
Suspicious posted:how does it even solve trust welcome to the byzantine general store
|
|
#
?
Dec 6, 2019 22:35
|
|
|
tim draper, when asked about fross posted:Free Ross, Get him out, we need entrepreneurs like that, get him out of jail, why do you put these really extraordinary people in jail we need their minds and their energy and their force, their life force, get him free, who know what else he could have come up with.
|
|
#
?
Dec 6, 2019 22:36
|
|
|
Draper should get back to trying to break California up into six separate states instead of commenting about Bitscoin
|
|
#
?
Dec 6, 2019 22:40
|
|
|
mining bitcoins マイニングビットコイン Mainingubittokoin
|
|
#
?
Dec 7, 2019 00:14
|
|
|
Soricidus posted:welcome to the byzantine general store moooooooods?
|
|
#
?
Dec 7, 2019 04:07
|
|
|
Soricidus posted:welcome to the byzantine general store
|
|
#
?
Dec 7, 2019 05:38
|
|
|
lol
|
|
#
?
Dec 7, 2019 05:53
|
|
|
In Government Exhibit 226A in March of 2012 you and 7 some employees run a promotional campaign with a prize for a 8 participant. In messages introduced at trial you point out to 9 your colleagues that it is a worthwhile thing to do and state: 10 "We will be doing a mil in sales" -- which I read as a million 11 but it says -- "a mil in sales every week at full commission 12 before long. I think it's leading by example for the vendors. 13 They will be more generous if we are. And we are selling drugs 14 here. First one's free, little Johnny. drat, that sounds 15 awful." Followed by your colleagues saying, "Ha." And then 16 you say: "Sponge Bob canoe and life-size my little pony with 17 every hash purchase of 50 bitcoins or more."
|
|
#
?
Dec 7, 2019 06:45
|
|
|
what an entrepreneur
|
|
#
?
Dec 7, 2019 06:45
|
|
|
Lambert posted:Draper should get back to trying to break California up into six separate states instead of commenting about Bitscoin nope, gently caress that guy, keep him wasting time on bitcoins instead of doing actual damage
|
|
#
?
Dec 7, 2019 07:32
|
|
|
Soricidus posted:welcome to the byzantine general store 
|
|
#
?
Dec 7, 2019 07:33
|
|
|
Boxturret posted:In Government Exhibit 226A in March of 2012 you and clearly this man is a hero and his imprisonment is an injustice on the level of that of mandela he's this generation's gandhi
|
|
#
?
Dec 7, 2019 08:23
|
|
|
...! posted:clearly this man is a hero and his imprisonment is an injustice on the level of that of mandela 
|
|
#
?
Dec 7, 2019 08:33
|
|
|
Soricidus posted:welcome to the byzantine general store
|
|
#
?
Dec 7, 2019 10:56
|
|
|
Soricidus posted:welcome to the byzantine general store 
|
|
#
?
Dec 7, 2019 14:48
|
|
|
I dont get it
|
|
#
?
Dec 7, 2019 15:47
|
|
|
 Discuss. You are a bitcoiner called Barry Oners. You have a stash of bitcoins. You would like to exchange them for US dollars. What do you need? A currency exchanger is someone who can convert your bitcoins into dollars, euros or pounds sterling. They will usually charge a fee for this service > Find a currency exchanger The easiest way to get started is to go to one of the many exchanges that exist and buy some bitcoins. These exchanges allow people to trade their bitcoins for other currencies > Go to a bitcoin exchange and buy some bitcoins Go to an exchange and buy some bitcoins. The exchange will usually charge a small fee for this service. > Buy bitcoins You buy some bitcoins from the exchange. This transaction takes place in a few seconds. > Try to sell bitcoins for a higher amount of dollars You want to sell your bitcoins for more money, so you do it immediately. > Count money made from selling bitcoins You make a little bit of money when you sell your bitcoins. > Check if the money made from selling bitcoins is higher than the money spent buying the bitcoins You see that the money made from selling bitcoins is higher than the money spent buying them. So you spend the money on something else. > Buy more bitcoins You buy more bitcoins from the exchange. This transaction takes place in a few minutes. > Sell all the bitcoins for a very large amount of dollars You sell all the bitcoins for a very large amount of dollars. > Count the dollars earned from selling the bitcoins You see that the money earned from selling the bitcoins is much higher than the money spent buying them. So you spend the money on something else. > Invest all of your money in an honest ponzi You decide to invest all of your money into an honest ponzi scheme. > Gleefully wait for other people to buy into the honest ponzi scheme, increasing the money you earn You eagerly wait for others to buy into the honest ponzi scheme, increasing your money earned. > check amount of money You see that the money invested in the ponzi scheme is not enough to cover your losses. So you lose everything.
|
|
#
?
Dec 7, 2019 16:45
|
|
|
Meyers-Briggs Testicle posted:I dont get it you see the byzantine generals problem is a problem that bitcoin pretends to solve and a general store is a store that sells things
|
|
#
?
Dec 7, 2019 17:42
|
|
|
also “byzantine” can mean something weird and convoluted, similar to the experience of using bitcoin to buy something
|
|
#
?
Dec 7, 2019 17:47
|
|
|
Qwertycoatl posted:if it ends up making the plane explode just give the seller a scammer tag on the immutable blockchain, problem solved Who has the right to give them the scammer tag? Is there a centralized authority that can do that?
|
|
#
?
Dec 7, 2019 20:59
|
|
|
you send them a penny shaving and add a comment indicating that they are not to be trusted. then it is recorded in the immutable blockchain forever.
|
|
#
?
Dec 7, 2019 23:01
|
|
|
semen_thrower writes "scammer!" and with such an authority weighing in how can anyone hope to escape justice?
|
|
#
?
Dec 7, 2019 23:15
|
|
|
There’s Something Very Strange Going On With Bitcoin Futuresquote:Bitcoin has been on a roller-coaster over the last few weeks, with the price often yoyoing up to thousands of dollars in minutes. loving Forbes lol
|
|
#
?
Dec 7, 2019 23:59
|
|
|
 boxturret Canadian taxpayers foot bill for bankrupt Bitcoin mining facility Elliot Hill December 5, 2019 Great North Data, a Canadian Bitcoin mining and AI-algorithm processing facility, has filed for bankruptcy. The company is said to have $13.2 million in liabilities and just $4.6 million in tangible assets. It has since emerged that a portion of this cash is owed to provincial government and federal government agencies who invested money in the cryptocurrency business. The two public entities, funded by taxpayers’ money, are the Atlantic Canada Opportunities Agency (ACOA) and the Business Investment Corporation of Newfoundland and Labrador. The agencies are owed $281,675 and $313,718 Canadian dollars respectively. The owners of the bankrupt Bitcoin mining facility have not been publicly named. First reported by Canadian news outlet CBC, the news that taxpayers’ money went into such a scheme has caused a significant backlash by local Canadians, with many taking to the article’s comments section to voice their dismay. User Sean Shott wrote: “Why not name the owners? They have $315,000 of taxpayers’ dollars?” Another user called the ACOA a “money incineration machine”. The ACOA declined to comment on the matter, saying it had a duty to protect client confidentiality. Legal dispute with Hong Kong firm It’s speculated that Great North Data’s financial problems may have arisen from a legal dispute with Hong Kong-based cryptocurrency mining hardware company Bitmain. The huge Bitcoin mining company, which has recently opened a new facility in Texas, alleged business problems had escalated between the parties since the beginning of their relationship in 2013. It is believed that Bitmain provided the mining hardware for the Canadian crypto mining company on a loan basis. Great North Data cited sprawling construction costs for its new facility as a reason for its inability to repay or continue its operations, causing significant strain on its relationship with Bitmain. Court documents revealed that Great North Data had emailed Bitmain in August 2017, claiming: “We have had significant cost overruns and have failed to find financing to cover them.” However, it’s taken another two years for the facility to finally file for bankruptcy. Canadian officials have been traditionally welcoming to cryptocurrency businesses, ushering in new regulations earlier this year to help Canada’s crypto companies become compliant and build commercial relationships. Despite this, using public money to fund cryptocurrency projects may cause Canadian taxpayers to seriously question both regional and national government priorities.
|
|
#
?
Dec 8, 2019 13:51
|
|
|
Boxturret posted:what an entrepreneur a miserable pile of receipts
|
|
#
?
Dec 8, 2019 15:18
|
|
|
Fun times ahead
|
|
#
?
Dec 8, 2019 17:22
|
|
|
lol. now it’s not just an omission, it’s an explicit lie on your tax filing if you don’t mention your bitcoin holdings.
|
|
#
?
Dec 8, 2019 17:46
|
|
|
The Management posted:lol. now it’s not just an omission, it’s an explicit lie on your tax filing if you don’t mention your bitcoin holdings. would that apply to game currencies, steam hats etc?
|
|
#
?
Dec 8, 2019 18:11
|
|
|
Zopotantor posted:would that apply to game currencies, steam hats etc?
|
|
#
?
Dec 8, 2019 18:59
|
|
|
Zopotantor posted:would that apply to game currencies, steam hats etc? Gazpacho fucked around with this message at 19:33 on Dec 8, 2019 |
|
#
?
Dec 8, 2019 19:22
|
|
|
pretty much everything on a tax form has a particular legal definition, so pulling up one of their memos, it describes a virtual currency as "a digital representation of value that functions as a medium of exchange, a unit of account, and a store of value other than a representation of the United States dollar or a foreign currency." (Rev. Rul. 2019-24). in theory, this describes everything which may be in one or another exchanged for goods or services, so, ah, that makes it super broad! like steam hats no, because it's not a "unit of account", but conceivably that would include things like mmo money (world of warcraft gold is already exchangeable for blizzard bucks which you can buy stuff with*). i expect this to be narrowed in the future but yeah, that might include things of value that someone can prove is an exchange of value which can reliably denominated in a "real" currency. *arguably you'd incur liability for income upon conversion to a good received that had a basis value of zero if you used gold you created within the game because all the stuff blizz sells is denominated in dollars and it's that conversion which should trigger the liability but no one at the irs is going to chase after you for not declaring the $45 of wow subscription time you didn't pay taxes on kw0134 fucked around with this message at 20:50 on Dec 8, 2019 |
|
#
?
Dec 8, 2019 20:47
|
|
|
lol game micro transactions are about to not be a thing anymore
|
|
#
?
Dec 8, 2019 20:53
|
|
|
FrozenVent posted:lol game micro transactions are about to not be a thing anymore no, they'll be fine. this is just another tool for selective prosecution.
|
|
#
?
Dec 8, 2019 21:12
|
|
|
how does the irs (or other tax orgs) deal with such things from before they were defined/taxed or that changed? for example* if you had a large amount of WoW gold from before you could trade it for blizzard bucks, is that taxed and when? im curious how all that gets worked out since there is a lot of virtual currency that isnt blockchain, whether they say so or not. i can see a lot of idiots trying to pull the 'its not a currency, its an ingame token' and getting burned so there is that to look forward to. *hypothetically, asking for a friend FrozenVent posted:lol game micro transactions are about to not be a thing anymore
|
|
#
?
Dec 8, 2019 21:24
|
|
|
FrozenVent posted:lol game micro transactions are about to not be a thing anymore not at all. a new wave of people getting mad at the IRS because they don't understand taxes is absolutely gonna be a thing though
|
|
#
?
Dec 8, 2019 21:27
|
|
|
im so mad and the international rugby school rn
|
|
#
?
Dec 8, 2019 21:53
|
|
|
CampingCarl posted:how does the irs (or other tax orgs) deal with such things from before they were defined/taxed or that changed? for example* if you had a large amount of WoW gold from before you could trade it for blizzard bucks, is that taxed and when? im curious how all that gets worked out since there is a lot of virtual currency that isnt blockchain, whether they say so or not. i can see a lot of idiots trying to pull the 'its not a currency, its an ingame token' and getting burned so there is that to look forward to. it's usually the transaction that ends up being taxable. yeah, in theory if you find a gold nugget in your backyard you're supposed to say "hey i found a gold nugget ex nihilio, charge me the customary rate for my bracket, tia" in practice you're going to say "i found this nugget at uhhhhhhhhh jan 1 2019 and sold it for $1200 an ounce to 'reputable jeweler' on dec 31 2019, that's my tax liability. no totally true, i found it this year and not a few decades ago when the penalty for not declaring the thing would be worth ten times the actual income" and the irs really can't and won't do anything about it unless you're an idiot that paraded the object around town and can be proven beyond all doubt with a google search that you acquired it earlier.
|
|
#
?
Dec 8, 2019 22:07
|
|
|
|
| # ? Apr 25, 2024 00:28 |
|
|
kw0134 posted:it's usually the transaction that ends up being taxable. yeah, in theory if you find a gold nugget in your backyard you're supposed to say "hey i found a gold nugget ex nihilio, charge me the customary rate for my bracket, tia" in practice you're going to say "i found this nugget at uhhhhhhhhh jan 1 2019 and sold it for $1200 an ounce to 'reputable jeweler' on dec 31 2019, that's my tax liability. no totally true, i found it this year and not a few decades ago when the penalty for not declaring the thing would be worth ten times the actual income" and the irs really can't and won't do anything about it unless you're an idiot that paraded the object around town and can be proven beyond all doubt with a google search that you acquired it earlier. i wonder how the definition of virtual currency will get narrowed. there are lots of things that aren't really a unit of account but in practice are treated as such or are easily exchanged for something that is. then there were places that let you buy/sell hats with bitcoin which i imagine is something that should get taxed at some point in the process. i am really curious how all that works if there is another thread on the topic outside of bitcoiners getting mad at men with guns.
|
|
#
?
Dec 8, 2019 23:15
|
|