Topic: [DVC]DevCoin - Official Thread - Moderated - page 50. (Read 1059144 times)

I woke up friday morning and discovered the coin was delisted from btc-e exchange. The most disastrous and venomous consequence of this recently discovered delisting is not the fact of delisting itself but the hint that the coin lost its niche. Maybe in the future speculations about its place in the universe will arise and the coin will appear in a spotlight one last time before fading into nothingness of utopian proclivity. Its yet to be debated.

Buying up the book?   

Altilly has the most coins available right now I think and cheaper too. 

I'm in the process of making it happen

Would be nice but not sure a better site will do much but you never know.  

Wouldn't that be nice. I think we had that convo on twitter.

Are the single satoshi days finally coming to an end?

If Freiexchange gains some traction with the new UI, it could draw a lot of attention to DVC. Price discovery will be interesting..

It doesn't just have great potential, it has a great future ahead of it. I have no say over the disbursement - but I agree, send it to Wikipedia.  Or maybe promote the reasons why its special instead of being so coy about it.  That isn't specifically addressed to you - I'm saying that to everyone (especially those who started this topic).

I'm just one man.  You can slam me all you guys want, but I am confident in DVC and I will not shake on that stance.

If its worth nothing and you can buy nothing with it then it has zero potential

Each round, to place the receiver file in the custodian's sites, do the following:

1.
Ensure that you can use python 2.x, and git, on your computer.

2.
Download the Unthinkingbit/charity github folder to a folder in your drive if you don't already have it:
https://github.com/Unthinkingbit/charity

3.
Copy the last devtome_analytics_(x).csv file and rename it devtome_analytics_(x+1).csv
Copy the last ongoing_(x).csv file and rename it ongoing_(x+1).csv

4.
Open a console in your folder.

5.
Run the following python scripts:
python rating.py -round (x+1)
python devtome.py -round (x+1)
python marketing.py -round (x+1)
python account.py -round (x+1)

6.
Upload the newly copied and generated files with git:
git add account_(x+1).csv
git add devtome_(x+1).csv
git add devtome_analytics_(x+1).csv
git add devtome_earnings_(x+1).csv
git add marketing_earnings_(x+1).csv
git add ongoing_(x+1).csv
git add rating_(x+1).csv
git add rating_earnings_(x+1).csv
git add receiver_(x+1).csv
git commit -a -m maintenance
git push origin master

7.
Contact Markm and ask him to generate his copy of the account and receiver file by running the account script on his computer:
python account.py -round (x+1)

and ask him to upload his files and reply to you.

8.
After Mark confirms that he generated the account and receiver file, contact the file custodians, and ask them to upload his file.

I am willing to do the accounting for at least a few more months, if necessary. I will certainly stop by the end of the current tax year. Lately, there has not been a change in devcoin work, for example the account_93.csv file is identical to the account_94.csv file.

I don't have Sunkeys I'm sorry

Hmm does anyone else remember when politicians were talking about taxing things like magick swords in online fantasy games?

The argument was that since someone managed to sell such a sword on E-bay, everyone who obtained such a sword in such a game should pay tax on it.

Which of course is insane since past performance is no proof of future performance so it was not even known whether anyone would ever manage to find a buyer for such a sword again, let alone at such a price.

Thus really it only makes any sense to measure how much fiat currency you pay to play online games (such as altcoin trading games as well as other games, whether or not the game itself includes various currencies of its own) and how much fiat currency you end up taking home at such time as you manage to sell some of your game "stuff" for fiat.

Until you actually get fiat back to a bank account or physical cash or something held by some kind of licensed or registered (and insured) "custodian" you really don't have a thing.

Even if you get cryptocoins home into a wallet of your own where you are the only person who has the keys you still don't really have a thing, since as we have seen over and over and over again you cannot know whether you will ever manage to sell any of it for any fiat.

It is all basically just virtual crap, game stuff, that might or might not ever have a buyer. Finding a buyer might even involve a lot of marketing on our part, or bribing a so called "exchange" to "list" the thing and then hoping the "exchange" isn't just going to run off with it all.

You could have billions of magick swords, but what is the chance you will be able to sell them all? And how much will the last few be worth once you have flooded such market as there might be with the first few billions of them? It is all just virtual crap until you receive something "real", which let's face it you might never do.

Sure it makes sense that the guy who sold one magick sword on E-bay pay tax on that income. If playing the game it was in was a business rather than a hobby to him he probably should also be declaring whatever he had to pay to play the game, probably including some portion of his internet connection fees, as business expense. But how many magick swords he ever had, how many dragons he had to kill to get it, and even whether he actually got it by trading a magick shield for it in the game, is crazy to even try to keep track of.

One by one maybe some ultra-special cryptocoins might end up being regarded as in some sense "real money", but even bitcoin might not be there yet and certainly the vast majority of coins will likely never get there. Digitised securities might get there much sooner to the extent that they truly represent something real, the way some so-called stablecoins claim to do.

But it makes no sense to count your purported "balances" in unregistered, uninsured so-called "exchanges" as in any way real until they actually get stuff back to you before running off with it or supposedly getting "hacked".

That is my position and so far the income tax folks seem to accept it even though I am way behind in paying income tax on the actual fiat that actually did manage to end up arriving at my bank.

I do not even know, and CANNOT know, how many cryptocoins I actually HAVE until various possible future things happen, such as Cryptsy reporting whether they have any of my coins still and whether they are ever going to send them to me, and Cryptopia similarly, and gosh I have lost count of how many other "exchanges" that "flew by night", and of course even if I had disks in safe-deposit boxes I have enough experience with disks, and "backups", to know that I cannot even be sure any of those disks are even readable, let alone are backups of uncorrupted data, until I try to recover the data on them and actually use it. Then as mentioned previously I do not know whether there will even be any market for that data even assuming it IS uncorrupted. So I literally do not know how many coins I even own, of what kinds.

All I really CAN know is how much I paid for computers, electricity to power them, rent for rooms to keep them in, internet connections for them, repair and maintenance of them, and how much cash and bank-deposits in fiat eventually resulted from my use of such things.

The U.S.A. seems a bit insane though. I wonder, if they knew Satoshi's heir(s) were in the U.S.A. would they be trying to tax them on the purported value of all the bitcoins that they, as his or her or their heirs, presumably "inherited", regardless of whether they ever actually manage to find and use the keys to those addresses and sell any of those coins for fiat?

-MarkM-

Imminent!

Someone call Bahrain I hear they have a carousel full of funds for us.

Also a big thank you from me. You've made a great contribution to Devcoin.

Sorry to hear you are leaving us Unthinkingbit, your work and devotion to devcoin will be missed but I want to say a huge thank you for all your efforts over the years and completely understandable your decision to step down now rather than getting into trouble with the tax man further down the road.

If there is anything we can do as a community to help the transition of you leaving please let us know.

Many thanks again

Fuzzybear

Sorry to hear this and good luck with future.Will Devcoin project survive in your opinion?

Thanks for your efforts UTB, and for what was a promising idea.

You're right in inferring that many don't properly consider tax issues. I was careful about where and how traded but it still took a long time to collate past info to calculate potential liability. Not something I want to do again (or even could do given how many exchanges have disappeared) and it's one reason I don't play any more.

All the best