So any news on how many weeks still to wait before release?
Maybe 6-8 weeks.
Topic: bitinstant paycard - page 5. (Read 26596 times)
Maybe 6-8 weeks.
So any news on how many weeks still to wait before release?
Quote
That was 8 weeks ago...
Hence the reason I said "maybe 6-8 weeks"
thats not even real. looks like someone printed it out on paper lmao
What gave it away? The fact that his name is "Cardholder Name"?
Quote
That was 8 weeks ago...
thats not even real. looks like someone printed it out on paper lmao
PVC actually.
Everything still going as planned with them?Would I have a sample made if it wasn't ?
thats not even real. looks like someone printed it out on paper lmao
PVC actually.
thats not even real. looks like someone printed it out on paper lmao
This is ridiculous! I want one too!
I want one !!!
Beer and Bitcoin. Is this a picture of Heaven?
A debit card is good enough (asking for a credit card would be a little too much, wouldn't it). What I want is a quick way to pay for a beer in BTC. Once we have that, BTC will grow exponentially.
Just take out one of those 5% a week BTC loans they're offering in the lending forum, give them your Bitinstant card address as your payout address, and make sure to pay your interest every week
Actually, wait, holy crap! With your address being public and fundable by anyone, because Bitcoin, that means completely independent people can be set up as the "credit" portion of your otherwise debit card
It's like lending club for credit cards, without all the heavy regulation and licensing requirements (it's still not available in my state)A debit card is good enough (asking for a credit card would be a little too much, wouldn't it). What I want is a quick way to pay for a beer in BTC. Once we have that, BTC will grow exponentially.
Actually, wait, holy crap! With your address being public and fundable by anyone, because Bitcoin, that means completely independent people can be set up as the "credit" portion of your otherwise debit card It's like lending club for credit cards, without all the heavy regulation and licensing requirements (it's still not available in my state)Be your own bank!
A debit card is good enough (asking for a credit card would be a little too much, wouldn't it). What I want is a quick way to pay for a beer in BTC. Once we have that, BTC will grow exponentially.
Just take out one of those 5% a week BTC loans they're offering in the lending forum, give them your Bitinstant card address as your payout address, and make sure to pay your interest every week
Actually, wait, holy crap! With your address being public and fundable by anyone, because Bitcoin, that means completely independent people can be set up as the "credit" portion of your otherwise debit card
It's like lending club for credit cards, without all the heavy regulation and licensing requirements (it's still not available in my state)
This is really great news, especially if (as I understand from Reddit and the posts in this thread), the card will be available internationally. Looks like the best way to spend BTC in the meatspace "real world" and a huge boost for the BTC economy if it takes off.
I must say that I find difficult to suspend disbelief. I think the paperwork behind a BTC debit card is huge, especially if it is backed by major banks and credit cards.
A debit card is good enough (asking for a credit card would be a little too much, wouldn't it). What I want is a quick way to pay for a beer in BTC. Once we have that, BTC will grow exponentially.
Is Bitinstant here?
I must say that I find difficult to suspend disbelief. I think the paperwork behind a BTC debit card is huge, especially if it is backed by major banks and credit cards.
A debit card is good enough (asking for a credit card would be a little too much, wouldn't it). What I want is a quick way to pay for a beer in BTC. Once we have that, BTC will grow exponentially.
Is Bitinstant here?
Related thread:
Bitcoin -> MasterCard (or any credit card)... who cares?
- https://bitcointalksearch.org/topic/bitcoin-mastercard-or-any-credit-card-who-cares-102613
Unfortunately some are confusing this as being a "credit card" and not a "debit card"
Bitcoin -> MasterCard (or any credit card)... who cares?
- https://bitcointalksearch.org/topic/bitcoin-mastercard-or-any-credit-card-who-cares-102613
Unfortunately some are confusing this as being a "credit card" and not a "debit card"
Would you owe capital gains on it as if it were an investment/commodity/collector's item, or would you owe capital gains only on the portion exchanged back into USD/EUR as if it were a foreign currency?
I'm pretty sure it would be classified under a collectible and not a foreign currency, as no recognized foreign government uses it as legal tender.There are actually a several reasonable approaches to undertake under US tax law. If you really want to dig into the legal and tax landscape for Bitcoin then there is the 31 page guide A Lawyer's Take On Bitcoin and Taxes with 108 footnotes to statutes, regulations, cases, etc.
interesting. the tax situation is complicated, because you need to know your cost basis in order to know what is capital gains income... and bitinstant wouldn't have that information. I'd imagine we'll be doing our taxes ourselves.
That's a good point. If I fund an Gox account via bitinstant that alone is not taxable. If I then buy coins and they appreciate I would owe capitol gains on the rise in value. But how would bitinstant know what I paid or even if I executed a buy?Would you owe capital gains on it as if it were an investment/commodity/collector's item, or would you owe capital gains only on the portion exchanged back into USD/EUR as if it were a foreign currency?
interesting. the tax situation is complicated, because you need to know your cost basis in order to know what is capital gains income... and bitinstant wouldn't have that information. I'd imagine we'll be doing our taxes ourselves.
That's a good point. If I fund an Gox account via bitinstant that alone is not taxable. If I then buy coins and they appreciate I would owe capitol gains on the rise in value. But how would bitinstant know what I paid or even if I executed a buy?Would you owe capital gains on it as if it were an investment/commodity/collector's item, or would you owe capital gains only on the portion exchanged back into USD/EUR as if it were a foreign currency?
Jump to: