Author

Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 685. (Read 1260677 times)

hero member
Activity: 630
Merit: 500
Bad move on part of ATO ... how can you tax and unearned income or even consider BTC an income (They just want their hands in the cookie jar too LOL).  I agree this must not be allowed to happen!  It opens the door to other D*^#F&^ck governments to try taxation also!  Don't let it happen ...
member
Activity: 107
Merit: 13
things are changing down under this is what the Australian government has done

September 30, 2014
Leave a Reply   

In August, the Australian Tax Office (ATO) released a guidance paper on the tax treatment of crypto-currencies. The ATO stated that the supply of bitcoin is taxable for goods and services tax (GST) purposes. We wrote previously about the steps we’re taking to understand their guidance.

Here’s what we have determined.
The ATO’s Guidance

When you buy bitcoin in Australia, the price quoted to you will include 10% GST, which the seller must pay to the ATO.

When you convert bitcoin to Australian dollars, the guidance is more complicated. If you are not a GST-registered business, GST will not apply when you place a sell order.

However, if you are a GST-registered business you may need to collect the GST as part of your sales.
How this affects you.

Buying bitcoin

    If you buy bitcoin at CoinJar, you will be charged 10% GST as of October 3.
    We’ll generate a tax invoice showing you how much GST you paid.

Selling bitcoin

    If you are a customer selling bitcoin for personal use, there will be no change.
    If you’re selling bitcoin on behalf of a GST registered business, you will be prompted to register your GST status at point of sale.
    When you submit a sell order, we will ask you to confirm GST collection.
    CoinJar will generate a recipient created tax invoice (RCTI) on your behalf for every sell order with GST applied.

At this point, these changes affect CoinJar Filler only. Other CoinJar products, such as the recently launched CoinJar Swipe, will not be affected by this determination.
The Future of Bitcoin in Australia

We’ve worked hard to confirm these changes with the ATO and integrate them into our existing products.

We are updating the system in preparation for this as of midnight tonight. The system will state that all prices include GST, but the price will not increase. We will be applying the 10% charge from 12am October 3. We will cover GST liability on buy orders placed between 12AM October 1 to 12AM October 3.

In many ways the guidance has bought clarity to the position of bitcoin users in Australia. However, we don’t believe the ATO’s guidelines are ideal for bitcoin in this country. We believe in a simpler financial system, and we will continue work with the ATO to help them discover a fairer position.

In nutshell: coinjar has to move to other country or it is the end.
legendary
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
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newbie
Activity: 57
Merit: 0
hello all
i total new to dmd
i download mac wallet and latest blockchain
were do i put files for blockchain?
thank you for help


I'm not a Mac user but you might find this useful.

Please note u need to run the wallet client at least once for the folder with all the associated files to appear.

I assume it's the same as in Linux and Windows, you just copy over downloaded files into the Diamond hidden folder.

Quote
In order to see hidden folders, such as ~/Library from Finder, simply hit shift + ⌘ (command) + G which will GO to a folder, then paste in this location:

~/Library/Application Support/Diamond
From there, you will see all the files associated with your wallet.

P.S. please tell if it worked for you so I could add this to the FAQ section

Yes it does work I've moved wallets back and forth from my Mac.
Open Finder and in the Go drop down menu you need to hold option key to expose Library, from there you can click Application Support and create a Diamond folder for .conf
hero member
Activity: 774
Merit: 554
CEO Diamond Foundation
hello all
i total new to dmd
i download mac wallet and latest blockchain
were do i put files for blockchain?
thank you for help


I'm not a Mac user but you might find this useful.

Please note u need to run the wallet client at least once for the folder with all the associated files to appear.

I assume it's the same as in Linux and Windows, you just copy over downloaded files into the Diamond hidden folder.

Quote
In order to see hidden folders, such as ~/Library from Finder, simply hit shift + ⌘ (command) + G which will GO to a folder, then paste in this location:

~/Library/Application Support/Diamond
From there, you will see all the files associated with your wallet.

P.S. please tell if it worked for you so I could add this to the FAQ section
newbie
Activity: 1
Merit: 0
hello all
i total new to dmd
i download mac wallet and latest blockchain
were do i put files for blockchain?
thank you for help
legendary
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds

cryptonit

how many average total mining blocks per day?

average it will be around
24x60=1440


Keep in mind that 144 blocks go to Proof of Stake minting.
So the end result should be around 1296.

in theory pos blocks should add on top
but it might be pow dont see the difference and so creating less pow blocks

we let danbi have a look into it

so lets say for now POW blocks are expected between average 1200-1500 each day

more details will come when danbi enlight us
hero member
Activity: 774
Merit: 554
CEO Diamond Foundation

cryptonit

how many average total mining blocks per day?

average it will be around
24x60=1440


Keep in mind that 144 blocks go to Proof of Stake minting.
So the end result should be around 1296.
legendary
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
DMD Wallet at cryptsy is UP
deposit/withdraw working
https://www.cryptsy.com/markets/view/72

HAPPY TRADING!

legendary
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
we got feedback from cryptsy
they confirm everything was ok with DMD wallet

Quote
...we update and maintain our wallets we are moving them to our new architecture...
Quote
...this had nothing to do with DMD or its blockchain. It was just internal maintenance......
Quote
...Depending on transaction volume this can take some time.....
Quote
It finished early this morning and im preparing to bring it back up now.

so i hope its now clear we did anything right at our release hardfork wallet process
and the maintenance that happened close to hardfork time did just look like we are responsible for it
legendary
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds

cryptonit

how many average total mining blocks per day?

it aims to be average 1 POW each minute

so count the minutes or even better ask the blockexplorer

but let me do that for u

Block Time: September 29, 2014, 13:59:04 BLOCK 579857
Block Time: September 30, 2014, 13:58:20  BLOCK 581269
581269-579857=1412

so it means a few block less than expected where produced
other days a few block more

average it will be around
24x60=1440
hero member
Activity: 742
Merit: 500

cryptonit

how many average total mining blocks per day?
hero member
Activity: 742
Merit: 500
hero member
Activity: 742
Merit: 500

Quote
JShock
He told me yesterday he was downloading the chain

still a miracle how they manage to sync so slow......

legendary
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds

i got from 3 different cryptsy people a answer that mullick will give us feedback tommorow

his highness the wallet maintainer dont speek with coin devs it seems

i bet 100 DMD he just started a resync of full blockchain even it wasnt required

i won 100 DMD Wink

Quote
JShock
He told me yesterday he was downloading the chain

still a miracle how they manage to sync so slow......
full member
Activity: 126
Merit: 100
things are changing down under this is what the Australian government has done

September 30, 2014
Leave a Reply   

In August, the Australian Tax Office (ATO) released a guidance paper on the tax treatment of crypto-currencies. The ATO stated that the supply of bitcoin is taxable for goods and services tax (GST) purposes. We wrote previously about the steps we’re taking to understand their guidance.

Here’s what we have determined.
The ATO’s Guidance

When you buy bitcoin in Australia, the price quoted to you will include 10% GST, which the seller must pay to the ATO.

When you convert bitcoin to Australian dollars, the guidance is more complicated. If you are not a GST-registered business, GST will not apply when you place a sell order.

However, if you are a GST-registered business you may need to collect the GST as part of your sales.
How this affects you.

Buying bitcoin

    If you buy bitcoin at CoinJar, you will be charged 10% GST as of October 3.
    We’ll generate a tax invoice showing you how much GST you paid.

Selling bitcoin

    If you are a customer selling bitcoin for personal use, there will be no change.
    If you’re selling bitcoin on behalf of a GST registered business, you will be prompted to register your GST status at point of sale.
    When you submit a sell order, we will ask you to confirm GST collection.
    CoinJar will generate a recipient created tax invoice (RCTI) on your behalf for every sell order with GST applied.

At this point, these changes affect CoinJar Filler only. Other CoinJar products, such as the recently launched CoinJar Swipe, will not be affected by this determination.
The Future of Bitcoin in Australia

We’ve worked hard to confirm these changes with the ATO and integrate them into our existing products.

We are updating the system in preparation for this as of midnight tonight. The system will state that all prices include GST, but the price will not increase. We will be applying the 10% charge from 12am October 3. We will cover GST liability on buy orders placed between 12AM October 1 to 12AM October 3.

In many ways the guidance has bought clarity to the position of bitcoin users in Australia. However, we don’t believe the ATO’s guidelines are ideal for bitcoin in this country. We believe in a simpler financial system, and we will continue work with the ATO to help them discover a fairer position.
newbie
Activity: 53
Merit: 0
There is now a lot of buy pressure on usecryptos but need sellers now to get the ball rolling Smiley

Mined Diamonds need to accumulate for that to happen.

A few more days and we would see some positive movement.

Thanks for the info.  Wink
legendary
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
 

this

i got from 3 different cryptsy people a answer that mullick will give us feedback tommorow

his highness the wallet maintainer dont speek with coin devs it seems

i bet 100 DMD he just started a resync of full blockchain even it wasnt required
hero member
Activity: 742
Merit: 500
I personally do not sell because I bought more expensive Smiley
and

 



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