(Parody?) Elmer FUD: You MUST read this if you are holding any Bitcoins!!! - page 2.

ajareselde

legendary

Activity: 1722

Merit: 1000

Satoshi is rolling in his grave. #bitcoin

Quote from: Bit_Happy on June 22, 2015, 04:00:47 PM

Can I buy Elmer's glue with Bitcoins, and what happens when I do?

If I am an American taxpayer, then I just traded "property" for a small bottle of white glue, and now I have to track and report the "capital gains" on my huge pile of Magic Internet Money, and when America successfully spreads their special form of "freedom" throughout the whole world, then everyone will have to report capital gains for even the smallest transactions, and people will see that Bitcoins are useless, and the world will find great value in the "Blockchain technology", but not BTC as money, and China will finally break Bitcoins' neck with a hard ban, not this "soft ban" that seems to have the worlds largest mining farms growing throughout the Red Empire, and once BTC falls to ZERO you will not be able to get even 20 cents for your "digital gold".

Now do you understand why Bitcoin is/was and always will be, just a silly toy for "libertarians" and wanna-be economic terrorists? Tongue

...or maybe I am missing something and Bitcoin is still an exciting project?

Not everyone is an American like yourself. Your country has many flaws, and it's laws together with it.
Like in case with Swiss,where VAT is voided for bitcoin transactions, it's obvious that your point is a flawed one. Try again.

Quote from: pooya87 on June 22, 2015, 11:57:20 PM

Quote from: Bit_Happy on June 22, 2015, 04:00:47 PM

~~~
Now do you understand why Bitcoin is/was and always will be, just a silly toy for "libertarians" and wanna-be economic terrorists? Tongue

...or maybe I am missing something and Bitcoin is still an exciting project?

then why did you waste approximately 50 months of your life on a forum that is related to a project that is what you say it is.

Maybe he's one of those who are trying to troll, maybe he wants price to be lower, what ever it is, it's not working out for him.

cheers

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: Bit_Happy on June 22, 2015, 04:00:47 PM

~~~
Now do you understand why Bitcoin is/was and always will be, just a silly toy for "libertarians" and wanna-be economic terrorists? Tongue

...or maybe I am missing something and Bitcoin is still an exciting project?

then why did you waste approximately 50 months of your life on a forum that is related to a project that is what you say it is.

H.W.Z

hero member

Activity: 574

Merit: 500

Many countries eliminates VAT For Bitcoin Transactions, like UK, Switzerland etc. It implies bitcoin is seen a payment method, not property any more by more and more countries. Although they haven't recognized bitcoin as currency yet. If some countries are still charging "capital gain" from Bitcoin, it will impact the development of bitcoin there. Business will remove from there, ppl will be reluctant to hold this useless internet money.

johnyj

legendary

Activity: 1988

Merit: 1012

Beyond Imagination

There are so many financial products and assets that you can't use to buy anything, but that does not stop you from trading them on exchanges and get some cash to spend

Bitcoin is the most abstraction form of asset that human ever invented, it does not have any physical form but it has the properties that any asset have: Exclusive ownership, the ability to satisfy certain customer demand, and generate return over time

OROBTC

legendary

Activity: 2968

Merit: 1895

...

Meuh6879

We do not have a VAT in the USA, but I am somewhat familiar with Peru's version of a VAT (they tax each transaction our bearing import company makes).

Our company there has to send every line item on every invoice that we produce (in other words, EVERYTHING we sell) via email on MS Excel spreadsheets to the Peruvian tax authorities.

That means that even if Bitcoin were popular in Peru, which it is NOT, then our company there would have a very hard time beating the tax man.

Only tiny little unincorporated businesses can get away from Peru's "VAT". But, they can get caught, as most other businesses have to record THEIR info in transactions. And Peru's tax collectors are as bad as any others...

Meuh6879

legendary

Activity: 1512

Merit: 1012

every transaction are already trackable.
it's needed ... when you sell thing in a serious factory. Roll Eyes

bitcoin change nothing.
business man always need to track transaction for VAT (example, but not only ...).

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Wouldn't it have been easier to just say America Sucks in bold print?

melody82

sr. member

Activity: 378

Merit: 257

The regulations in the usa were bought by big banks who don't want to deal with competition from cryptos. The rules are pretty absurd, it would be like making everyone calculate the values of the usd vs the euro every time they bought a cup of coffee. It really makes no sense.

As far as these regulations actually having a chilling effect on cryptos, I am not so sure. There have been a couple of companies that recently moved out of new york because of the regulations there. We are not talking about a business that needs a local presence like a bank does. These guys can move shop, and they are moving shop, when the regulations get silly.

So I think that the big effect will be that companies who would have otherwise payed taxes, provided employment, and enriched their communities will move somewhere else where the climate is better, and then do those things at their new home.

IMO the regulations have only backfired so far.

Edit: and I know, before you say it Moebius I did realize that it is a joke, but I can't help saying my opinion sometimes.

Moebius327

hero member

Activity: 770

Merit: 500

Quote from: Lauda on June 22, 2015, 04:04:45 PM

Wait a second. Is this supposed to be some sort of a joke or are you serious with this?
If you are serious, then prepare for a huge storm. A lot of people hate these kinds of threads. I dislike them myself and could easily disprove the situation.

It says parody in the title.

Lauda

legendary

Activity: 2674

Merit: 3000

Terminated.

Wait a second. Is this supposed to be some sort of a joke or are you serious with this?
If you are serious, then prepare for a huge storm. A lot of people hate these kinds of threads. I dislike them myself and could easily disprove the situation.

Update:

Quote from: Moebius327 on June 22, 2015, 04:05:25 PM

It says parody in the title.

There is a question mark if you haven't noticed.

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Can I buy Elmer's glue with Bitcoins, and what happens when I do?

If I am an American taxpayer, then I just traded "property" for a small bottle of white glue, and now I have to track and report the "capital gains" on my huge pile of Magic Internet Money, and when America successfully spreads their special form of "freedom" throughout the whole world, then everyone will have to report capital gains for even the smallest transactions, and people will see that Bitcoins are useless, and the world will find great value in the "Blockchain technology", but not BTC as money, and China will finally break Bitcoins' neck with a hard ban, not this "soft ban" that seems to have the worlds largest mining farms growing throughout the Red Empire, and once BTC falls to ZERO you will not be able to get even 20 cents for your "digital gold".

Now do you understand why Bitcoin is/was and always will be, just a silly toy for "libertarians" and wanna-be economic terrorists? Tongue

...or maybe I am missing something and Bitcoin is still an exciting project?

Topic: (Parody?) Elmer FUD: You MUST read this if you are holding any Bitcoins!!! - page 2. (Read 1514 times)