Topic: [DVC]DevCoin - Official Thread - Moderated - page 229. (Read 1058949 times)

Hello, are all key feature of coinzen finished? I am eager to see that we have officially moved to the new forum

Only when you change it out for USD and more then you put in. Unless you made a ton of USD and took it out I wouldn't worry

I am not a legal person, just my thoughts based on other investment stuff. No legal advice is intended, see a lawyer!

The 'Devcoin Setup Exe Windows32' is the simplest installation there, but it's best to download from http://devcoin.org/devcoin-wallet.html as those will always be newest.

Really all the links should be pointing to the same downloads, but as an updated client is in the works I guess there's a delay until rolled out (although ultimately they're all still devcoin wallets)

I think "creative people" would work better than "creators".

Because when Joe reads or hears that 90% of the coins go to creators, the default answer to "creators of what" is likely to be "the creators, duh, as in the creators of the coin/system itself".

But maybe if we say 90% of the coins go to creative people, and maybe try to even squeeze in "in general" right away, like "creative people in general", before starting to get all particular about different types of creative people creating different types of things, maybe four words is few enough more than two of them might stick.

At some point we would also of course want to tack on the part about these "creative people in general" are only getting paid for free open source things that they create, such as free open source beer recipes, free open source beerbottle-manufacturing equipment, free open source homebrewing-kit software, free open source artwork one can freely use to design one's homebrew / home-microbrewery beer labels, free open source music one can use to put music into one's beer-advertising videos, free open source videos one can modify to make one's beer-advertising videos, free open source hangover cure pill formulae, free open source software one can use to edit these sounds and images and words, control one's microbrewery and so on and so on...

"Free as in OPEN SOURCE beer!"

-MarkM-

Collecting bounty:


coinzen.org now supports the OP of a thread adding their own moderators - including themselves, to their posts.

When you create a new post you will have an option below your name in your posts "Set Thread Moderators"

After clicking it you'll be able to add & remove moderators for your topics.



 

Here's some better links too:

http://www.reuters.com/article/2013/12/04/idUSnHUGdqhr+70+ONE20131204

http://online.wsj.com/article/HUG1747587.html



The next one will focus on the new Devcoin website design, and the exciting news that DVC / BTC trading is now on Cryptsy!

If anyone has any more suggestions for the next one please PM me and let me know - it will go over again how DVC works in terms of funding open source projects, the bounties, how it is one of the oldest alt coins, how it has a unique mission etc too.

I agree with MarkM the term 'developer' has all the wrong associations in the averages Joe's mind. Joe does not see Joe as a developer and probably never will.
The word 'developer' was a put off for me when I first came across DevCoin. With so many to investigate it knocked DevCoin down to the bottom of the list.

The problem is creative people use different titles in different areas and they all have negatives in Joe's mind.

Creator has a nice ring to it though. Sounds like we are all Gods

ThinkI

Look up the tax handling for LETS in your area. LETS is a pre-digital versions of an alternative currency. Its been around a long time so the tax man has already tried to take as much as he can.
See:
http://en.wikipedia.org/wiki/Local_exchange_trading_system
http://www.letslinkuk.net/home/theory.htm
For info on LETS.

Its highly likely that the tax man will look on Crypto-currencies in a similar way to start with.

Of course this is not TAX advice just my opinion.

Thanks.

So I apply for some shares to be as the bounties sending to the best article writers. Psybit, is 5 or 6 shares appropriate? The more shares, I'll set more bounties and  more later activities.

which of the 3 windows clients here do you guys use? http://www.devtome.com/doku.php?id=how_to_get_setup_earning_devcoins_by_writing

I have said before that trying to explain that Devcoins are for developers seems to have been full of pitfalls.

Are they even reading stuff that says Devcoins are for developers of free open source art, music, writing, hardware and software or something like that as meaning it is for the developers of the coin?

Maybe developer(s) is just a bad word to be using anywhere in promotions since people will likely repeat that word leaving out all the details as to "developers of what" ?

On the other hand I would not put it past trolls to deliberately try to stir up such miss-understandings.

The next step anyway for the naysayers would be to say that regardless of who the coins ultimately go to it is decided by an elite group (like the Freicoin's foundation for example to point to a situations some have seen as quite similar).

-MarkM-

I'm for it! For the PR work, people should ask Psybits' for shares, which are on top of devtome payments for writing.

hello,

recently, some idiots in some Chinese forums said that, devcoin is a black-hearted coin that 90% of the coins goes to DEVELOPERS OF THE COINS, and this kind of expression of opinion spread very fast, thus now many Chinese coin investors beleive that devcoin is non-sense and rubbish. they are poor in English, and have no patient to deeply understand the truth.

I'm considering to lauch a promotion activity and change people's view of devcoin, like, first I'll start a call for articles of "Devcoin and I", let people write article about devcoin, then I give some devcoins of my self to them as bounties. There will be later activites.

Can I have statement that, these activites I hold was approved by, and  represented official devcoin develop team? what about your opinion, Unthinkingbit? and our admins?

Once you withdraw currency from an exchange into government cash it would be taxable, by my understanding of my county's tax, as capital gains. You would be wise to then keep a record of how much you purchased the coins for and how much you sold them. The difference would be tax-able. In my country you are permitted something like $100K capital gain tax free. Your first time home, if sold, is also considered capital gains tax free. These rules would vary from jurisdiction to jurisdiction no doubt.

A record system of buys and sells would make for a great open source project. Something many of us will need in the future. My approach is to keep crypo as just that until there is need of it in the future. That would be very much like having a stock that pays no dividends. One cannot be taxed on it until you sell it. At that time it is considered capital gains.

My advice is to consult an accountant in your local jurisdiction. Consider my remarks as hearsay.

- Nova

I just read through that article that you are referencing. There are people pumping out these altcoins with reckless abandon and most are not even featured on exchanges. I would be shocked if any government could even nail down a value on Devcoin for taxing purposes. I think the taxing occurs when you exchange them for Bitcoin and they end up in a bank account as fiat currency. I mean seriously, how can you say that something has real tangiable value if there isn't a single place in the world that will pay you money for them.  Bitcoin is a tiger of different stripes, there are many places to turn Bitcoin into fiat currency.

Since Devcoins are being given to us for our work, you simply need to put a cost basis of 0.00 on your tax forms.

~ Ninja edit #2 ~

I could be wrong on this but there is no way any government could say that the exchange sites that we use (such as crypsy) are real exchange sites. They could just as easily be gone tomorrow as they are operating today. The sites themselves might incur tax obligations but seriously, they provide no hard terms, no real security, no real recourse for grievances and most are not licensed money exchangers. They are simply non-entities from a governmental perspective. All trade records on these exchanges are pretty much worthless for filing taxes.

http://www.forbes.com/sites/cameronkeng/2013/12/16/bitcoin-is-not-anonymous-is-always-taxable/

~ 2 cents and not tax advice ~

Ok, thanks. I was thinking that neither could be incorporated but wasn't sure.

How should I factor Devtome income into my tax return?

According to Forbes, cryptocurrency income is taxable!

With my blessings Raffleman.

- Nova

Neither devtome nor devcoin will be incorporated. Any ventures which need incorporation would be separate organizations.

"A sharp, catchy TV spot can easily cost anywhere from $100,000 or more to produce" Then it can cost anywhere from 250-3000$ / spot to show it on cable during prime time depending on he channel, time and what shows are being shown etc.

Chad