The way it will play out | Bitcointalksearch.org

ShadowOfHarbringer

legendary

Activity: 1470

Merit: 1006

Bringing Legendary Har® to you since 1952

Quote from: LiteCoinGuy on February 02, 2014, 10:11:30 AM

Quote from: ShadowOfHarbringer on February 01, 2014, 08:04:46 PM

Enough of this foolish conformist bullshit.

We can use CoinJoin, CoinSwap, CoinControl.
We can use GPG.
We can use Truecrypt.

And soon Zerocoin:
https://bitcointalksearch.org/topic/the-zerocash-source-truly-anonymous-coin-362468

Zerocoin is also cool, but CoinJoin + Coinswap should theoretically provide the same thing without unnecessary bloat.
Anyway - the more, the better. We need competition in everything.

I dream about living in voluntaristic or semi-voluntaristic society, where you won't have to pay taxes if you don't want to (however most people still will pay taxes, but because they **WANT TO**, not they are **FORCED TO**).

Freedom FTW.

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

Quote from: ShadowOfHarbringer on February 01, 2014, 08:04:46 PM

Quote from: BCB on February 01, 2014, 04:47:31 PM

Quote from: bitpop on February 01, 2014, 04:46:14 PM

Quote from: BCB on February 01, 2014, 04:44:21 PM

Quote from: bitpop on February 01, 2014, 04:43:18 PM

Quote from: Kenshin on February 01, 2014, 04:42:14 PM

Quote from: bitgeek on February 01, 2014, 04:37:32 PM

Quote from: bitpop on February 01, 2014, 04:34:01 PM

Pay your taxes people.

I'd say don't convert to fiat, don't pay taxes, stay happy!

I totally agreed with you, why pay tax, so the government can use it to fund war, and other bad things.

Just pay your taxes. Yes you also have to pay capital gains when making a purchase.

Paypal collects your National Tax ID and reports earnings to the respective governments. Won't be long untill coinbase.com and circle.com and others exchangers do the same. There will be no hiding your virtual currency from the powers that be. Even if you keep it all in virtual currency, overstock and tiger direct need an address to ship you your goods. This is the 21st Century, there is no more anonymity.

Yeah bastards reported my eBay sales.

They are even reading your email (she the Shrem/Fiallia indictment). No more hiding from the man.

Enough of this foolish conformist bullshit.

We can use CoinJoin, CoinSwap, CoinControl.
We can use GPG.
We can use Truecrypt.

And soon Zerocoin:

https://bitcointalksearch.org/topic/the-zerocash-source-truly-anonymous-coin-362468

franky1

legendary

Activity: 4270

Merit: 4534

Quote from: tabnloz on February 02, 2014, 06:59:31 AM

Quote from: BTCisthefuture on February 01, 2014, 10:08:35 PM

Hold your bitcoins and wait for exchanges in tax haven countries to open up so you can cash out tax free

.. Hahah just an idea.

But yeah, if you make capital gains on bitcoins , be safe and pay your taxes.

Hopefully the idea of 'cashing out' becomes redundant and we 'stay' in bitcoin because the bit-economy is large and diverse enough to allow it!!

As an afterthought.... if I am able to stay in btc indefinitely how will the tax laws for a global means of exchange cope? I cant see any blockchain upgrade that allows a transaction tax.

once the tax offices of the world catch up to reality that bitcoin is not a small thing, i presume they will treat it like a person getting paid with foreign currency.

EG an american being paid in canadian dollars, or euro's for their work

tabnloz

legendary

Activity: 961

Merit: 1000

Quote from: BTCisthefuture on February 01, 2014, 10:08:35 PM

Hold your bitcoins and wait for exchanges in tax haven countries to open up so you can cash out tax free

.. Hahah just an idea.

But yeah, if you make capital gains on bitcoins , be safe and pay your taxes.

Hopefully the idea of 'cashing out' becomes redundant and we 'stay' in bitcoin because the bit-economy is large and diverse enough to allow it!!

As an afterthought.... if I am able to stay in btc indefinitely how will the tax laws for a global means of exchange cope? I cant see any blockchain upgrade that allows a transaction tax.

ShadowOfHarbringer

legendary

Activity: 1470

Merit: 1006

Bringing Legendary Har® to you since 1952

Quote from: BCB on February 01, 2014, 08:14:48 PM

Quote from: ShadowOfHarbringer on February 01, 2014, 08:04:46 PM

Quote from: BCB on February 01, 2014, 04:47:31 PM

Quote from: bitpop on February 01, 2014, 04:46:14 PM

Quote from: BCB on February 01, 2014, 04:44:21 PM

Quote from: bitpop on February 01, 2014, 04:43:18 PM

Quote from: Kenshin on February 01, 2014, 04:42:14 PM

Quote from: bitgeek on February 01, 2014, 04:37:32 PM

Quote from: bitpop on February 01, 2014, 04:34:01 PM

Pay your taxes people.

I'd say don't convert to fiat, don't pay taxes, stay happy!

I totally agreed with you, why pay tax, so the government can use it to fund war, and other bad things.

Just pay your taxes. Yes you also have to pay capital gains when making a purchase.

Paypal collects your National Tax ID and reports earnings to the respective governments. Won't be long untill coinbase.com and circle.com and others exchangers do the same. There will be no hiding your virtual currency from the powers that be. Even if you keep it all in virtual currency, overstock and tiger direct need an address to ship you your goods. This is the 21st Century, there is no more anonymity.

Yeah bastards reported my eBay sales.

They are even reading your email (she the Shrem/Fiallia indictment). No more hiding from the man.

Enough of this foolish conformist bullshit.

We can use CoinJoin, CoinSwap, CoinControl.
We can use GPG.
We can use Truecrypt.

If you let them read your email and steal your money, that's just your choice. They cannot force anybody to give up their Bitcoins. They cannot even prove that (careful)somebody has Bitcoins.

Charlie and DPR said things like this until they had them in a federal holding cell.

Then they probably weren't very smart.
And DPR was a complete and utter idiot.

Both of them (and especially charlie) were a public persons, so they should be more careful of what they do publicly.

bitpop

legendary

Activity: 2912

Merit: 1060

Quote from: BTCisthefuture on February 01, 2014, 10:08:35 PM

Hold your bitcoins and wait for exchanges in tax haven countries to open up so you can cash out tax free

.. Hahah just an idea.

But yeah, if you make capital gains on bitcoins , be safe and pay your taxes.

Make sure to revoke your citizenship and check extradition laws

BADecker

legendary

Activity: 3906

Merit: 1373

Quote from: bitpop on February 01, 2014, 04:34:01 PM

Pay your taxes people.

Of course, pay your taxes. It's the religious thing to do as well. But nowhere are you required to be part of any government, either in the religious area, or in the secular areas.

There are ways to not be part of governments or taxes. If you don't have any, you don't owe. The below are just a couple examples of how to make your position stick... maybe.

http://www.wired.com/wiredenterprise/2014/01/ethereum/

http://i-uv.com/oppt-absolute/original-oppt-ucc-filings/

BTCisthefuture

sr. member

Activity: 364

Merit: 250

Hold your bitcoins and wait for exchanges in tax haven countries to open up so you can cash out tax free

.. Hahah just an idea.

But yeah, if you make capital gains on bitcoins , be safe and pay your taxes.

franky1

legendary

Activity: 4270

Merit: 4534

Quote from: BCB on February 01, 2014, 04:44:21 PM

Paypal collects your National Tax ID and reports earnings to the respective governments. Won't be long untill coinbase.com and circle.com and others exchangers do the same. There will be no hiding your virtual currency from the powers that be. Even if you keep it all in virtual currency, overstock and tiger direct need an address to ship you your goods. This is the 21st Century, there is no more anonymity.

this is only because paypal uses FIAT!!!!!! not bitcoin

bitcoin does not belong to governments.. think about it

phantomminer9

newbie

Activity: 2

Merit: 0

Quote from: ShadowOfHarbringer on February 01, 2014, 08:04:46 PM

Quote from: BCB on February 01, 2014, 04:47:31 PM

Quote from: bitpop on February 01, 2014, 04:46:14 PM

Quote from: BCB on February 01, 2014, 04:44:21 PM

Quote from: bitpop on February 01, 2014, 04:43:18 PM

Quote from: Kenshin on February 01, 2014, 04:42:14 PM

Quote from: bitgeek on February 01, 2014, 04:37:32 PM

Quote from: bitpop on February 01, 2014, 04:34:01 PM

Pay your taxes people.

I'd say don't convert to fiat, don't pay taxes, stay happy!

I totally agreed with you, why pay tax, so the government can use it to fund war, and other bad things.

Just pay your taxes. Yes you also have to pay capital gains when making a purchase.

Paypal collects your National Tax ID and reports earnings to the respective governments. Won't be long untill coinbase.com and circle.com and others exchangers do the same. There will be no hiding your virtual currency from the powers that be. Even if you keep it all in virtual currency, overstock and tiger direct need an address to ship you your goods. This is the 21st Century, there is no more anonymity.

Yeah bastards reported my eBay sales.

They are even reading your email (she the Shrem/Fiallia indictment). No more hiding from the man.

Enough of this foolish conformist bullshit.

We can use CoinJoin, CoinSwap, CoinControl.
We can use GPG.
We can use Truecrypt.

If you let them read your email and steal your money, that's just your choice. They cannot force anybody to give up their Bitcoins. They cannot even prove that (careful)somebody has Bitcoins.

Eventually, we'll be able to use crypto to trade for anything.. that's the ultimate goal Wink

BCB

vip

Activity: 1078

Merit: 1002

BCJ

Quote from: ShadowOfHarbringer on February 01, 2014, 08:04:46 PM

Quote from: BCB on February 01, 2014, 04:47:31 PM

Quote from: bitpop on February 01, 2014, 04:46:14 PM

Quote from: BCB on February 01, 2014, 04:44:21 PM

Quote from: bitpop on February 01, 2014, 04:43:18 PM

Quote from: Kenshin on February 01, 2014, 04:42:14 PM

Quote from: bitgeek on February 01, 2014, 04:37:32 PM

Quote from: bitpop on February 01, 2014, 04:34:01 PM

Pay your taxes people.

I'd say don't convert to fiat, don't pay taxes, stay happy!

I totally agreed with you, why pay tax, so the government can use it to fund war, and other bad things.

Just pay your taxes. Yes you also have to pay capital gains when making a purchase.

Paypal collects your National Tax ID and reports earnings to the respective governments. Won't be long untill coinbase.com and circle.com and others exchangers do the same. There will be no hiding your virtual currency from the powers that be. Even if you keep it all in virtual currency, overstock and tiger direct need an address to ship you your goods. This is the 21st Century, there is no more anonymity.

Yeah bastards reported my eBay sales.

They are even reading your email (she the Shrem/Fiallia indictment). No more hiding from the man.

Enough of this foolish conformist bullshit.

We can use CoinJoin, CoinSwap, CoinControl.
We can use GPG.
We can use Truecrypt.

If you let them read your email and steal your money, that's just your choice. They cannot force anybody to give up their Bitcoins. They cannot even prove that (careful)somebody has Bitcoins.

Charlie and DPR said things like this until they had them in a federal holding cell.

ShadowOfHarbringer

legendary

Activity: 1470

Merit: 1006

Bringing Legendary Har® to you since 1952

Quote from: BCB on February 01, 2014, 04:47:31 PM

Quote from: bitpop on February 01, 2014, 04:46:14 PM

Quote from: BCB on February 01, 2014, 04:44:21 PM

Quote from: bitpop on February 01, 2014, 04:43:18 PM

Quote from: Kenshin on February 01, 2014, 04:42:14 PM

Quote from: bitgeek on February 01, 2014, 04:37:32 PM

Quote from: bitpop on February 01, 2014, 04:34:01 PM

Pay your taxes people.

I'd say don't convert to fiat, don't pay taxes, stay happy!

I totally agreed with you, why pay tax, so the government can use it to fund war, and other bad things.

Just pay your taxes. Yes you also have to pay capital gains when making a purchase.

Paypal collects your National Tax ID and reports earnings to the respective governments. Won't be long untill coinbase.com and circle.com and others exchangers do the same. There will be no hiding your virtual currency from the powers that be. Even if you keep it all in virtual currency, overstock and tiger direct need an address to ship you your goods. This is the 21st Century, there is no more anonymity.

Yeah bastards reported my eBay sales.

They are even reading your email (she the Shrem/Fiallia indictment). No more hiding from the man.

Enough of this foolish conformist bullshit.

We can use CoinJoin, CoinSwap, CoinControl.
We can use GPG.
We can use Truecrypt.

If you let them read your email and steal your money, that's just your choice. They cannot force anybody to give up their Bitcoins. They cannot even prove that (careful)somebody has Bitcoins.

tvbcof

legendary

Activity: 4690

Merit: 1276

Quote from: BCB on February 01, 2014, 04:44:21 PM

... This is the 21st Century, there is no more anonymity.

As long as anonymity is not banned outright, then there will be ways to achieve it. Technically it is easier to achieve than it is to unwind.

We are in a trough right now because the solutions to unwinding anonymity have developed rapidly and in the dark so people were unaware both of the erosion and of the danger the erosion posed. If/when people are shaken awake some of the losses could be rolled back quickly I believe.

Again, the big question will be whether anonymity itself will be effectively outlawed and quashed from a natural rights perspective or whether there will be a backlash amongst the pubic which will keep it viable. I'm not willing to make a call on this one way or another.

bitgeek

sr. member

Activity: 462

Merit: 251

Quote from: Mr. Socko on February 01, 2014, 07:13:06 PM

so with all these replies what is the purpose and usefulness of crypto currencies? If I go and trade around physical gold and silver for goods and services locally or pay cash for something second hand, that would seem to be a more anonymous way to get away with not having to pay taxes and transact business than having to suddenly pay 35% capital gains tax when I go to purchase something on overstock.com (this is all theoretical, I don't actually have bitcoins and am not paying 800 bucks for one)

Who says you have to buy a whole bitcoin. If you want to invest 50$ you'll get 50$ in bitcoin. There's no such thing like "the price of bitcoin is too high for me". People say things like that because they were used to the price <$100 for years. It may take some years for them to get used to mBtc.

BCB

vip

Activity: 1078

Merit: 1002

BCJ

Quote from: Mr. Socko on February 01, 2014, 07:13:06 PM

so with all these replies what is the purpose and usefulness of crypto currencies? If I go and trade around physical gold and silver for goods and services locally or pay cash for something second hand, that would seem to be a more anonymous way to get away with not having to pay taxes and transact business than having to suddenly pay 35% capital gains tax when I go to purchase something on overstock.com (this is all theoretical, I don't actually have bitcoins and am not paying 800 bucks for one)

If you goal it to remain anonymous and avoid taxes you are much better off to use cash.

If you would like to quickly and seamlessly transact legally with individuals around the world you would want to use virtual currency.

If you are in an emerging nation and want access to the global economy use virtual currency.

Mr. Socko

newbie

Activity: 42

Merit: 0

so with all these replies what is the purpose and usefulness of crypto currencies? If I go and trade around physical gold and silver for goods and services locally or pay cash for something second hand, that would seem to be a more anonymous way to get away with not having to pay taxes and transact business than having to suddenly pay 35% capital gains tax when I go to purchase something on overstock.com (this is all theoretical, I don't actually have bitcoins and am not paying 800 bucks for one)

BCB

vip

Activity: 1078

Merit: 1002

BCJ

Quote from: bitpop on February 01, 2014, 04:46:14 PM

Quote from: BCB on February 01, 2014, 04:44:21 PM

Quote from: bitpop on February 01, 2014, 04:43:18 PM

Quote from: Kenshin on February 01, 2014, 04:42:14 PM

Quote from: bitgeek on February 01, 2014, 04:37:32 PM

Quote from: bitpop on February 01, 2014, 04:34:01 PM

Pay your taxes people.

I'd say don't convert to fiat, don't pay taxes, stay happy!

I totally agreed with you, why pay tax, so the government can use it to fund war, and other bad things.

Just pay your taxes. Yes you also have to pay capital gains when making a purchase.

Paypal collects your National Tax ID and reports earnings to the respective governments. Won't be long untill coinbase.com and circle.com and others exchangers do the same. There will be no hiding your virtual currency from the powers that be. Even if you keep it all in virtual currency, overstock and tiger direct need an address to ship you your goods. This is the 21st Century, there is no more anonymity.

Yeah bastards reported my eBay sales.

They are even reading your email (she the Shrem/Fiallia indictment). No more hiding from the man.

bitpop

legendary

Activity: 2912

Merit: 1060

Quote from: BCB on February 01, 2014, 04:44:21 PM

Quote from: bitpop on February 01, 2014, 04:43:18 PM

Quote from: Kenshin on February 01, 2014, 04:42:14 PM

Quote from: bitgeek on February 01, 2014, 04:37:32 PM

Quote from: bitpop on February 01, 2014, 04:34:01 PM

Pay your taxes people.

I'd say don't convert to fiat, don't pay taxes, stay happy!

I totally agreed with you, why pay tax, so the government can use it to fund war, and other bad things.

Just pay your taxes. Yes you also have to pay capital gains when making a purchase.

Paypal collects your National Tax ID and reports earnings to the respective governments. Won't be long untill coinbase.com and circle.com and others exchangers do the same. There will be no hiding your virtual currency from the powers that be. Even if you keep it all in virtual currency, overstock and tiger direct need an address to ship you your goods. This is the 21st Century, there is no more anonymity.

Yeah bastards reported my eBay sales.

BCB

vip

Activity: 1078

Merit: 1002

BCJ

Quote from: bitpop on February 01, 2014, 04:43:18 PM

Quote from: Kenshin on February 01, 2014, 04:42:14 PM

Quote from: bitgeek on February 01, 2014, 04:37:32 PM

Quote from: bitpop on February 01, 2014, 04:34:01 PM

Pay your taxes people.

I'd say don't convert to fiat, don't pay taxes, stay happy!

I totally agreed with you, why pay tax, so the government can use it to fund war, and other bad things.

Just pay your taxes. Yes you also have to pay capital gains when making a purchase.

Paypal collects your National Tax ID and reports earnings to the respective governments. Won't be long untill coinbase.com and circle.com and others exchangers do the same. There will be no hiding your virtual currency from the powers that be. Even if you keep it all in virtual currency, overstock and tiger direct need an address to ship you your goods. This is the 21st Century, there is no more anonymity.

bitpop

legendary

Activity: 2912

Merit: 1060

Quote from: Kenshin on February 01, 2014, 04:42:14 PM

Quote from: bitgeek on February 01, 2014, 04:37:32 PM

Quote from: bitpop on February 01, 2014, 04:34:01 PM

Pay your taxes people.

I'd say don't convert to fiat, don't pay taxes, stay happy!

I totally agreed with you, why pay tax, so the government can use it to fund war, and other bad things.

Just pay your taxes. Yes you also have to pay capital gains when making a purchase.

Topic: The way it will play out (Read 2245 times)