I think this has zero chance of ever happening to Bitcoin, but if a country declares something to be its official currency, I believe that means you don't have to pay capital gains taxes on that thing. For example, if you transfer dollars to sterling, the value of sterling goes up, and then you transfer back to dollars, you don't have to pay taxes on the gain because sterling is an official national currency. IANAL.
Here in AU I am pretty sure any capital gain (even if its unrealised) is Taxable... I also ANAL... (oh lol) 
Topic: Bitcoin Project will be making a major announcement in September - page 17. (Read 53390 times)
August 17, 2012, 11:23:33 AM
August 17, 2012, 11:22:59 AM
I think this has zero chance of ever happening to Bitcoin, but if a country declares something to be its official currency, I believe that means you don't have to pay capital gains taxes on that thing. For example, if you transfer dollars to sterling, the value of sterling goes up, and then you transfer back to dollars, you don't have to pay taxes on the gain because sterling is an official national currency. IANAL.
I'm fairly certain this is not true, at least in the US. August 17, 2012, 11:20:03 AM
I think this has zero chance of ever happening to Bitcoin, but if a country declares something to be its official currency, I believe that means you don't have to pay capital gains taxes on that thing. For example, if you transfer dollars to sterling, the value of sterling goes up, and then you transfer back to dollars, you don't have to pay taxes on the gain because sterling is an official national currency. IANAL.
August 17, 2012, 11:13:42 AM
Maybe they are working with bitcoin card and will release it.
August 17, 2012, 11:12:29 AM
Seems likely that the announcement will be made during Bitcoin Conference, London 15-16, September 2012.
http://bitcoin2012.com/
For those of you speculating about Iceland. Looking at the list of speakers, we have - Birgitta Jónsdóttir, member of the Icelandic Parliament. She is also the spokesperson and main sponsor for the International Modern Media Institute.
http://en.wikipedia.org/wiki/Icelandic_Modern_Media_Initiative
Reading through the the Elements of the law, it seems Iceland might be the one civilized country that will act to protect the bitcoin network, as opposed to doing everything to overthrow and disrupt it.
We have the people of Iceland to thank for setting precedent by throwing out the bondholders in 08/09 and rewriting their constitution.
http://theguardianeyewitness.tumblr.com/post/749345738/protest-at-icelandic-premiers-residence
Lets hope the pieces fit the puzzle. Either way, Birgitta Jónsdóttirs speech should be interesting.
http://bitcoin2012.com/
For those of you speculating about Iceland. Looking at the list of speakers, we have - Birgitta Jónsdóttir, member of the Icelandic Parliament. She is also the spokesperson and main sponsor for the International Modern Media Institute.
http://en.wikipedia.org/wiki/Icelandic_Modern_Media_Initiative
Reading through the the Elements of the law, it seems Iceland might be the one civilized country that will act to protect the bitcoin network, as opposed to doing everything to overthrow and disrupt it.
We have the people of Iceland to thank for setting precedent by throwing out the bondholders in 08/09 and rewriting their constitution.
http://theguardianeyewitness.tumblr.com/post/749345738/protest-at-icelandic-premiers-residence
Lets hope the pieces fit the puzzle. Either way, Birgitta Jónsdóttirs speech should be interesting.
+1. Outspoken protection of the bitcoin network by an official government representative would indeed add to the longterm stability of the project. It provides a "safe" haven". Not that bitcoin would need one, but its still good to know that it would be an officially accepted payment type in the "real" world.
August 17, 2012, 11:08:55 AM
Seems likely that the announcement will be made during Bitcoin Conference, London 15-16, September 2012.
http://bitcoin2012.com/
For those of you speculating about Iceland. Looking at the list of speakers, we have - Birgitta Jónsdóttir, member of the Icelandic Parliament. She is also the spokesperson and main sponsor for the International Modern Media Institute.
http://en.wikipedia.org/wiki/Icelandic_Modern_Media_Initiative
Reading through the the Elements of the law, it seems Iceland might be the one civilized country that will act to protect the bitcoin network, as opposed to doing everything to overthrow and disrupt it.
We have the people of Iceland to thank for setting precedent by throwing out the bondholders in 08/09 and rewriting their constitution.
http://theguardianeyewitness.tumblr.com/post/749345738/protest-at-icelandic-premiers-residence
Lets hope the pieces fit the puzzle. Either way, Birgitta Jónsdóttirs speech should be interesting.
http://bitcoin2012.com/
For those of you speculating about Iceland. Looking at the list of speakers, we have - Birgitta Jónsdóttir, member of the Icelandic Parliament. She is also the spokesperson and main sponsor for the International Modern Media Institute.
http://en.wikipedia.org/wiki/Icelandic_Modern_Media_Initiative
Reading through the the Elements of the law, it seems Iceland might be the one civilized country that will act to protect the bitcoin network, as opposed to doing everything to overthrow and disrupt it.
We have the people of Iceland to thank for setting precedent by throwing out the bondholders in 08/09 and rewriting their constitution.
http://theguardianeyewitness.tumblr.com/post/749345738/protest-at-icelandic-premiers-residence
Lets hope the pieces fit the puzzle. Either way, Birgitta Jónsdóttirs speech should be interesting.
Hmm, do you know something we don't scomil?
August 17, 2012, 10:56:18 AM
Seems likely that the announcement will be made during Bitcoin Conference, London 15-16, September 2012.
http://bitcoin2012.com/
For those of you speculating about Iceland. Looking at the list of speakers, we have - Birgitta Jónsdóttir, member of the Icelandic Parliament. She is also the spokesperson and main sponsor for the International Modern Media Institute.
http://en.wikipedia.org/wiki/Icelandic_Modern_Media_Initiative
Reading through the the Elements of the law, it seems Iceland might be the one civilized country that will act to protect the bitcoin network, as opposed to doing everything to overthrow and disrupt it.
We have the people of Iceland to thank for setting precedent by throwing out the bondholders in 08/09 and rewriting their constitution.
http://theguardianeyewitness.tumblr.com/post/749345738/protest-at-icelandic-premiers-residence
Lets hope the pieces fit the puzzle. Either way, Birgitta Jónsdóttirs speech should be interesting.
http://bitcoin2012.com/
For those of you speculating about Iceland. Looking at the list of speakers, we have - Birgitta Jónsdóttir, member of the Icelandic Parliament. She is also the spokesperson and main sponsor for the International Modern Media Institute.
http://en.wikipedia.org/wiki/Icelandic_Modern_Media_Initiative
Reading through the the Elements of the law, it seems Iceland might be the one civilized country that will act to protect the bitcoin network, as opposed to doing everything to overthrow and disrupt it.
We have the people of Iceland to thank for setting precedent by throwing out the bondholders in 08/09 and rewriting their constitution.
http://theguardianeyewitness.tumblr.com/post/749345738/protest-at-icelandic-premiers-residence
Lets hope the pieces fit the puzzle. Either way, Birgitta Jónsdóttirs speech should be interesting.
August 17, 2012, 10:47:22 AM
There will be no big announcement. It is a pump 'n dump. 
August 17, 2012, 10:26:55 AM
out of curiosity, how can we have "surprises" here? it is an open source project, shouldn't whatever is coming be on the roadmap already?
Someone said it wasn't an change in the code.So... let's wait
August 17, 2012, 10:24:25 AM
out of curiosity, how can we have "surprises" here? it is an open source project, shouldn't whatever is coming be on the roadmap already?
August 17, 2012, 10:08:32 AM
Kim Dotcom will launch a new file/music/whatever sharing service that uses bitcoin as the currency of choice 
Iceland will start a trial where they accept tax payments denominated in Bitcoin, just to spite London for harbouring all those convicted criminal bankers.
Both of those would be awesome. Keep dreamin' - though Iceland is small enough that maybe government support and gradual introduction may be feasible as a secondary currency.Iceland will start a trial where they accept tax payments denominated in Bitcoin, just to spite London for harbouring all those convicted criminal bankers.
Iceland don't have a lot of international obligations if I remember rightly, could indeed be a geniune likelihood
I saw this and couldnt help but notify you all that back in my bitcoin exchange days i directly contacted the icelandic ministry of banking (im not looking up the real name right now) and spoke with them about bitcoin. I needed a bank system that wouldnt shun me away for running a bitcoin to fiat business. Iceland is the place for this period. The combo of tech savy people and their banking situation makes it a perfect haven for bitcoin business if properly cultivated. It was to early I believe, but could be done easier now.
now back into the shadows I go.
EDIT : here is this too bring you up to speed http://wikileaks.org/wiki/Iceland_says_NO_to_Debt-Slavery
August 17, 2012, 09:59:49 AM
Bitcoin technology is going to be used to start a government sponsored block chain run by Blackwater.
August 17, 2012, 09:10:55 AM
If we go further on that, why not an announce of the Icelandic central bank that they will purchase some bitcoins (putting a floor on the market, that would be stability).
Indeed. Any small economic nation looking to invest in assets right now couldn't go far wrong
Edit: assuming whichever hypothetical minnow of a central bank hasn't been building up the reserves for some time already...
August 17, 2012, 09:06:08 AM
Sounds like there could be a legal judgement of some kind in favor of Bitcoin.
August 17, 2012, 08:28:30 AM
Julian Assange will be digitized and smuggled out of the UK in the blockchain?
August 17, 2012, 08:11:43 AM
I'm not gonna say what the announcement is....but I will say that you are all wrong and no one is even close lol (Well...some of you were kinda close)
-Charlie
You mentioned something once before I think, about a surprise that will change what people think the government thinks of bitcoins... so I'll guess its some sort of basis for bitcoin being protected legally -Charlie
Ok, I take it back. Your the closest. Nuff said, Im gonna get shot for saying this much.
Hmmm, the Mint Chip Challenge closes on in 38 days. Thats on the 24th of September. "Buying bitcoin with Mint Chips" is still highest voted:
http://ideas.mintchipchallenge.com/?utf8=%E2%9C%93&search=&order=comment
Maybe the Canadian government will make digital currencies legal, thus including bitcoin.
Although I know "Mint Chip" is not its own currency, but rather a wallet for digitized CAD, any attempt to lodge a new law that prepares Canada's authorities for the monetary future could include a definition for "real" virtual currencies just like that.
August 17, 2012, 08:09:26 AM
At first i thought it was just multisig ui, which will for sure contribute to stability.
But now my brain don't want to stop thinking about what it would be (you're mean Charlie... how am I going to sleep now ?)
It's apparently related to regulation. I really like the idea that it would be recognized as a currency by some country, and clearly Iceland is a good candidate.
If we go further on that, why not an announce of the Icelandic central bank that they will purchase some bitcoins (putting a floor on the market, that would be stability).
But now my brain don't want to stop thinking about what it would be (you're mean Charlie... how am I going to sleep now ?)
It's apparently related to regulation. I really like the idea that it would be recognized as a currency by some country, and clearly Iceland is a good candidate.
If we go further on that, why not an announce of the Icelandic central bank that they will purchase some bitcoins (putting a floor on the market, that would be stability).
August 17, 2012, 07:59:49 AM
Gavin = Pirate = Satoshi
Q.E.D.
Q.E.D.
August 17, 2012, 07:58:15 AM
Iran and China are pricing their Oil trades in BTC?
I dig this
August 17, 2012, 07:42:48 AM
Bitcoin will start including a built-in default Tor client for connections.
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