Topic: LOTTOCOIN OLD THREAD, [CLOSED] - page 84. (Read 370543 times)

but what he doesnt know, he is supporting this coin by leaving some comments here and  more ppl will see this thread 
Well done 

iqnore him mate he's mad because he sold when it whas low and only 12 hours later the price whas 90% higher then his sell price

So why not?

hmm that was an interesting vid but not much more information on it than what we could speculate ourselves... ah well.. i am curious though as to how much of bitcoins value is derived from the fact that it is unregulated.. and how much future regulations will actually influence its adoption..

not 100% sure on that, I guess it would fall under any private money laws they have and guess it would be up to whom ever to decide if they actually want to claim or not?

http://www.youtube.com/watch?feature=player_embedded&v=YcIbEGjEYTc

i'm actually curious abt germany accounting for bitcoin on tax purpose.. how does that work exactly? Does a company provide one single wallet address and then subject it to taxes on that account?

Very well said, for years I am trying to wake up my friends. Some ( the noobs) laugh at me, but a lot wake up and start thinking about how this world ( big joke) really is organized.

Well said, I made that post because some one was asking about the legality of gambling with crypto currencies because apparently bitcoin was considered legal tender or legal trading currencty in America or something along those lines, (post is near the bottom of page 261 with subsequent reply's thereafter). Just wanted to point out that is not the fact currently.

Dig it. +1

I agree with the quote just want to expand on it further.

There is a lot of misunderstanding and disinformation regarding what BTC and altcoins are.

Much of the confusion is the result of most people being brainwashed from birth to be statists because they attended public education and watched too much TV.

What people need to understand is that governments are not "real" They are legal fictions. Yes I know there are armies, buildings and physical things that manifest themselves but "government" itself is really no different then a corporation.

A bunch of people get together, write down some shit on a piece of paper (constitution), they sign it and poof "government" exists where before it did not.

So if government only really exists on paper then it is easy to understand that governments jurisdiction does not extend to infinity. It can only extend so far as they have contracts, or agreements, legislation, treaties etc. All things that also only exist on paper.

Now since BTC and other alt coins were basically created open source out of nothing and no contracts or legislation were made to create them, there really is nothing on paper for governments to attach themselves too. There is nothing for them to contract with. They have no jurisdiction, period.

Now they can claim they do, they can say anything they want and you can believe them if you wish. But BTC and altcoins are outside of their control because they cannot contract with or create treaties with something that is not a "legal entity" and has no governing body (another corporation basically) with which to contract with.

So is BTC money? Well it depends on your definition of "money."

If by "money" you mean "legal tender" something created by a corporation, (the federal reserve is a corporation) then no it is not.

If by "money" you mean something of value that people are willing to accept in exchange then yes it is.

Now they can regulate the trading of BTC into USD or other government currencies because you are dealing in "their" money. They get jurisdiction on the fiat side of that trade, not the BTC side.

Just like they can tax you on your labor, as soon as you convert it into fiat, not before.

For example if I build a table from raw materials. The table is worth more then the material it is made from. I have gained "value" but tax is not due until I sell it for fiat.

Hope that helps people wrap their heads around what cryptocurrency is.

buy wall @15 gone

troll

And there it goes again, promoting their rapidballs shit. dont fall in the trap

Welcome to lottocoin mate

Welcome to the community . Don't mind the obvious trolls, most of them just sold low hoping they could buy back lower, but then it turns out they just lot several bitcoins because of their ego's.  You will soon learn who they are and can press the "Ignore" buttons accordingly.

Give me your LOT adress and ill hook you up with a voucher that you can use at http://lot.rapidballs.eu with the chance to take home the 3M LOT Jackpot

Cheers!

...says the boy

It won't

Buying some
Hope this coin will grow  

market manipuatlion

Hey,

deposited 2500 LOT about a half an hour ago and it still isn't showing up in my account.