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Topic: Bitcoin Town: Let's Make the Future Come to us - page 29. (Read 54513 times)

full member
Activity: 196
Merit: 100
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Not with me it hasn't.  You told me that i don't owe taxes if i use bitcoin.  That's patently false.  Or are you not going to be "totally cooperative and transparent"?

It's not false, we have a solution to that problem. And we are going to be completely co-operative and transparent.
newbie
Activity: 42
Merit: 0
 You owe property tax.  All that law learnin' and ... this. Cheesy Cheesy

That has already been talked about in this thread.

Not with me it hasn't.  You told me that i don't owe taxes if i use bitcoin.  That's patently false.  Or are you not going to be "totally cooperative and transparent"?
full member
Activity: 196
Merit: 100
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The work would provide for communal funds, but only if it was on public land.

So my 1/200th investment would not result in getting 1/200th of the land?

Yes it would. I would be funding the public land personally, and if anyone that doesn't want to live there (but buys land) wants parks, that land will be left alone as park land, for camping and stuff like that.
full member
Activity: 196
Merit: 100
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legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
The work would provide for communal funds, but only if it was on public land.

So my 1/200th investment would not result in getting 1/200th of the land?
full member
Activity: 196
Merit: 100
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So this small community would share the solar panels, ASICs and other such possessions?
Would the the work and income from such pursuits go toward the communal fund?

Such a lifestyle sounds quite unconventional.

No, if someone bought their own solar panels they would be theirs. If the city installs it to their house it's theirs. But the city will also be using solar power and mining machines of its own. No communal movement of these items.

The work would provide for communal funds, but only if it was on public land. But that is far from the communities only way to raise funds.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
So this small community would share the solar panels, ASICs and other such possessions?
Would the the work and income from such pursuits go toward the communal fund?

Such a lifestyle sounds quite unconventional.
full member
Activity: 196
Merit: 100
Google/YouTube
Just read the god damn first post or watch the videos. It's all explained thoroughly.

Quote
If 200 people each put in $10,000 (or equivalent in BTC) the property would be ours (I think this could be accomplished in 1 year). And at that point we could start using the land to farm and produce things and anyone who could afford a house or an Earthship could start building, while anyone else can rent their land out to earn money, or sell it (we will all come together and vote on what the land can and cannot be used for during this time) and once we have some communal money we can help people build Earthships and start working on Solar power and getting a super solid internet connection. Then we could start building FPGAs and ASICs, while we farm and produce what we can.

Step 1: 200 people each put in $10,000 to buy the $2 million property.
Step 2: Anyone can rent their land to earn money or sell it.
Step 3: ? ? ?
Step 4: We have some communal money for Earthships, solar power, super solid internet connection, FPGAs and ASICs.

That's not the whole post and there are still videos.
full member
Activity: 196
Merit: 100
Google/YouTube
 You owe property tax.  All that law learnin' and ... this. Cheesy Cheesy

That has already been talked about in this thread.
full member
Activity: 196
Merit: 100
Google/YouTube


When you exchange your bitcoins for something of value you have to pay capital gains taxes on the gain in value from when you first obtained the bitcoins to the time of purchase.

I will let everyone in town know what our solution is to this personally, I can't post it on the internet. I can let you know we have a barter club planned though, but that is not the loop hole, that is just what I can tell you.
newbie
Activity: 42
Merit: 0
So how do you get communal town funds?

Easy.  By cornering the lucrative Bitcoin UToob video market! Grin
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
Just read the god damn first post or watch the videos. It's all explained thoroughly.

Quote
If 200 people each put in $10,000 (or equivalent in BTC) the property would be ours (I think this could be accomplished in 1 year). And at that point we could start using the land to farm and produce things and anyone who could afford a house or an Earthship could start building, while anyone else can rent their land out to earn money, or sell it (we will all come together and vote on what the land can and cannot be used for during this time) and once we have some communal money we can help people build Earthships and start working on Solar power and getting a super solid internet connection. Then we could start building FPGAs and ASICs, while we farm and produce what we can.

Step 1: 200 people each put in $10,000 to buy the $2 million property.
Step 2: Anyone can rent their land to earn money or sell it.
Step 3: ? ? ?
Step 4: We have some communal money for Earthships, solar power, super solid internet connection, FPGAs and ASICs.
newbie
Activity: 42
Merit: 0

Did someone tell you that you don't owe taxes if you use bitcoin instead of $$$?

Yeah, as long as you don't exchange it into fiat at any time it is impossible for them to tax it. It's a fluctuating digital property, not a real "currency". It has just become a currency, like seashells were at one point.

I'm sorry, someone has lied to you.  You owe income tax, weather you get it in dollars, Bitcoin or goats.  You owe property tax.  All that law learnin' and ... this. Cheesy Cheesy
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas

Did someone tell you that you don't owe taxes if you use bitcoin instead of $$$?

Yeah, as long as you don't exchange it into fiat at any time it is impossible for them to tax it. It's a fluctuating digital property, not a real "currency". It has just become a currency, like seashells were at one point.

When you exchange your bitcoins for something of value you have to pay capital gains taxes on the gain in value from when you first obtained the bitcoins to the time of purchase.
full member
Activity: 196
Merit: 100
Google/YouTube
Yes there are communal town funds, just like ANY town. We just don't get them through taxes.

Would I be required to contribute toward the communcal town funds?

Nope.

So how do you get communal town funds?

Just read the god damn first post or watch the videos. It's all explained thoroughly.
full member
Activity: 196
Merit: 100
Google/YouTube

Did someone tell you that you don't owe taxes if you use bitcoin instead of $$$?

Yeah, as long as you don't exchange it into fiat at any time it is impossible for them to tax it. It's a fluctuating digital property, not a real "currency". It has just become a currency, like seashells were at one point.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
Yes there are communal town funds, just like ANY town. We just don't get them through taxes.

Would I be required to contribute toward the communcal town funds?

Nope.

So how do you get communal town funds?
newbie
Activity: 42
Merit: 0
So, let me see if i have this straight: 

1. Your town will have all the state & federal laws,

2. the residents will be taxed by the state & the feds, and, on top of all that ...

3. you're going to dump another load of town laws & services on us? 

1. Yes

2. No, if they don't want to pay taxes they can operate completely in Bitcoin

3. I don't even know what you are talking about with this one.

Did someone tell you that you don't owe taxes if you use bitcoin instead of $$$?
full member
Activity: 196
Merit: 100
Google/YouTube
...
I can't believe you didn't even read the thing you quoted. ...

How ungrateful can you be?  The guy watched like a dozen of your videos!  I felt raped after watching just a minute of one. The guy's a hero.

He watched like 2 seconds of each video based on his knowledge of what was in them.
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