Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 871. (Read 3917543 times)

There is a glimmer of a reasonable question in there, so I am going to rephrase it:

Bitfountain is registered as an IC company in Shenzen. Has anyone actually looked up the registration?

I am sorry that my post makes you won't read it...what a sad thing for me...But at least I think I am isn't talking things without logically assumption.
If you can get evidence to prove that I was wrong ,Just sharing it with me...please

Please don't quote his posts, I ignored him because I don't want to read them

Am I wrong ?If I was wrong, please correct me.

thanks
 

This thread is a madhouse. Has everbody gone nuts? What happened?

Josh: "Then stop asking for updates, it's that simple. If you want updates and estimates, then they will tend to be modified as time goes on. If you want 100% accurate information, then wait. There's no other option."

Josh: "So I'm curious how you know how many orders we ship per day?"

User: "How about you just tell us?"

Josh: "Because it causes more problems than it solves, so that's not going to happen either."

https://forums.butterflylabs.com/bfl-forum-miscellaneous/3703-josh-its-time-update-bfl-asic-status-4.html#post45944

I never say that BITFOUNTAIN need to be pay rent regard to whether they are company or not. They must pay rent for sure...I just stated that Friedcat isn't deducting rent and cost of electricity from our dividend, because he is a visioner , he want us happy, make more BTC and if we are happy , then BTC can get more chance to go succeed...

BITFOUNTAIN is a company that registered in GLBSE which is closed , can you take out any specify information to prove that shows BITFOUNTAIN is a company registered with Chinese government ,and in its article of incorporation (article you will require to registered a company in China) shows they were a company that dedicating in BTC mining and selling mining rigs. please do not bother, share with us.


You really think Chinese government will approve that company that mainly mining BTC ?Again you are over estimate by that Chinese government are so fashionable... (If it is registered with the government , it can not be that they are a company that dedicating in BTC mining,
To registered company in China ,you will need explain what you doing ,and many of areas are prohibited to be registered by natural person.)



Electricity and mining are deducting from Hardware revenue? who tells you that  Before they  sales any miners to the market , they are not deducting any rent and electricity from mining either.  

People please be realistic and logically.. Some folks are seems knows nothing about China.

ASICMINER is a part of Bitfountain, which you will find is a legally registered company in Shenzhen. That information is on the first page of this thread.

Electricity and rent are probably deducted from the hardware sales revenue. Why on earth would you think rent and electricity would not have to be paid if there AM was not a company??

Don't bother answering - the amount of irrelevant and unsubstantiated misinformation you are cluttering up this thread with is unbelievable, and you are hereby ignored.

Avalon bribe a DHL manager because they want to push their devices out of the country ? evidence please?
Friedcat was showing his self in the conference in Shanghai.

Yifu's name and face are known. He doesn't seem to have gotten any bad attention from the Chinese government.

If China is such a heaven, why do Avalon need to bribe a DHL manager to push their devices out of the country? And why doesn't friedcat reveal his name? I live in a post-communist country and here the less attention you receive from government organizations the better.

New sales before d-day.

Just two question can makes you thinks the same way with me: Did Friedcat deducting any mining revenues because he said he need to pay electricity or rent?
So who pay the rent and electricity? further more , You really think AM is Co??? if it is why should Friedcat not deducting your BTC to pay the electricity and rent?
Again be realistic, Friedcat just want to ensure BTC become succeed by contributing his effort in it ,also by giving out more BTC to the public.

He is a visioner, this what I thought of this guy.

From a highly regularized capitalist society, the laws are built around taxation of the individual:
ex: buy a car, pay sales taxes. Sell that car? the buyer will have to pay the used car sales taxes. this is despite the fact it occurred between individuals.
The moral point of view is discussable but irrelevant, the point being we're accustomed to it and this is the way the US looks at bitcoin or other trade mechanism right now: you should pay taxes on the transaction.

From a communist country experimenting with capitalist-like legal relaxation such as China, working around regulation is a way of life - it was the way to go about in full communist China and people still go about that way. Tax-evasion is the go-to of the people, facilitated by a concentration of wealth in the richest individuals. That is why China has experienced such a boom, because everything can and do happen really fast, with corrections coming later. It is very likely that friedcat is as we speak working to establish an operation in a tax-free haven in preparation of any regulation, but I doubt that it is an issue right now. There are no regulations for copyrights going on, and pirated software is everywhere. China, to the best of my knowledge, supports that. They are that way assimilating a lot of the tech assets without paying for it, and fast-forwarding their tech-savyness.
Is ASICminer legally wrong? I don't think so right now - it might in the future, but I believe friedcat is working to prevent any issue.
China is seeing an incredible boom economically, and I doubt the legal instruments are keeping up - they might be a yr or two behind.
We might just be in the lucky slot before the two have caught back on, and when that arrive will hopefully be out of that legal grey zone.

Does friedcat carry out these mining equipment over the broader by his self ? Chinese government does not impose high duty on export ,instead they encouraging people to export as much as possible. (this conclusion is comply by most industries, but there are still some industries has high duty on export).

Most of his devices are directly send it to your ordered address, and most of them a small shipment in size of measuring. They are totally not eligible for what you mean by export duty. And Chinese government does not tax on someone sending small things to oversea by his/her self, rather than under a registered company name.  If anyone had purchase USB OR blade directly from FC before , then he/she can prove that his parcels is under personal name or company's name , then we can noticed whether AM a registered as a company in China or not , or to determining whether they pay export tax or not

I personally believe that AM is not a what you perceived as a company.. Anyway so what ? people buying shares is because the trusted been placed on him, not rather than any other specific documentations.
 

 

OK, forget BTC. When you move something like mining devices across the border, especially in quantities, you must declare it. When declaring, you must state the price. Either friedcat undervalues the devices or declares full price, it will eventually attract customs' attention.

No update from Friedcat since two weeks ? What is going on ?

seems to me clear enough make btc no tax sell btc lots of tax...

Obviously, you are made it more false, Law recognized Gold as a commodity , not BTC~~~ how could you use the totally different concept to make this false comparison ?  

Seems again ,you guys are over estimate to Chinese tax law.... It is very simple assumption if BTC isn't a currency.. Can you tell me where is the income for AM?

NO INCOME = NO TAX  Right ??  how could a place in earth will tax on someone that does not have legal income???


Can you guys just be more realistic...