Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33166.

stereotype

legendary

Activity: 1554

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Quote from: 10c on June 12, 2013, 12:41:59 PM

They can only regulate as far as we allow them to...
but I do think if the IRS makes it official and governments accept BTC this would be a bullish sign for mass adoption.
and we all know what that means...

They have to accept it.
End-of-year business accounts around the world, are being presented to their respective tax offices, with a declaration of this strange new thing called Bitcoin.
They need to get with the program, if they are to tax their citizens effectively. If the declarations are sizable, we will start to see some precedents with regards to tax, soon.

KS

sr. member

Activity: 448

Merit: 250

Quote from: hlynur on June 12, 2013, 12:41:17 PM

Quote from: KS on June 12, 2013, 12:21:50 PM

Quote from: hlynur on June 12, 2013, 12:05:56 PM

Quote from: wolongong on June 12, 2013, 11:59:35 AM

Once they start there will be no end. In no time you will have to prompt your peers for permission before adding them to peers.dat.. put a big warning sign saying THIS IS NOT MONEY on any physical bitcoins.. register all your addresses with the ECB.. their imagination has no end. They even regulate how deep your tractor is allowed to make tracks on your own farmland.

eu even regulated to what degree a banana has to bend to sell it as that. (no joke!)

http://en.wikipedia.org/wiki/Commission_Regulation_%28EC%29_No_2257/94

thanks for nitpicking Wink

(ok it's not the bending per se)
that's what you get for readings news without doing own research.

but still a lot of of these regulations are ridiculous and many biological farmers can't sell their whole crop but just the amount that fits to those partly exaggerated standards.

Not interested in nitpicking, just thought I'd post a wikipedia link rather than the EU regulation.

10c

full member

Activity: 658

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BuyAnyLight - Blockchain LED Marketplace

They can only regulate as far as we allow them to...
but I do think if the IRS makes it official and governments accept BTC this would be a bullish sign for mass adoption.
and we all know what that means...

hlynur

hero member

Activity: 770

Merit: 501

Quote from: KS on June 12, 2013, 12:21:50 PM

Quote from: hlynur on June 12, 2013, 12:05:56 PM

Quote from: wolongong on June 12, 2013, 11:59:35 AM

Once they start there will be no end. In no time you will have to prompt your peers for permission before adding them to peers.dat.. put a big warning sign saying THIS IS NOT MONEY on any physical bitcoins.. register all your addresses with the ECB.. their imagination has no end. They even regulate how deep your tractor is allowed to make tracks on your own farmland.

eu even regulated to what degree a banana has to bend to sell it as that. (no joke!)

http://en.wikipedia.org/wiki/Commission_Regulation_%28EC%29_No_2257/94

thanks for nitpicking Wink

(ok it's not the bending per se)
that's what you get for readings news without doing own research.

but still a lot of of these regulations are ridiculous and many biological farmers can't sell their whole crop but just the amount that fits to those partly exaggerated standards.

stereotype

legendary

Activity: 1554

Merit: 1000

Quote from: ?? on ??

Quote from: stereotype on June 12, 2013, 12:33:03 PM

Quote from: 10c on June 12, 2013, 12:28:22 PM

Well actually Dutch government wants some coins too.
official statement from minister of finance (Dijsselbloem)
source: http://www.nu.nl/internet/3495285/inkomsten-in-bitcoins-worden-belast.html
He happens to be head of EU finance at the moment as well.
also Canadian government wants coin. Roll Eyes

Wow. They actually asked a parliamentary question. Onwards and upwards.

I wish they didn't. The longer governments (especially mine) stay in the dark the better. They will fight when they notice they are losing power ...

I think the secret is out.... http://www.ft.com/cms/s/2/42ca6762-bbfc-11e2-82df-00144feab7de.html#axzz2W1SYnNEA

10c

full member

Activity: 658

Merit: 100

BuyAnyLight - Blockchain LED Marketplace

Quote from: KS on June 12, 2013, 12:32:30 PM

First step to becoming a recognized currency: pay your taxes in BTC! Way to go Orange!

I actually had a nice long chat with the IRS (about 45 min) about this and have spoken with about 5 devisions of the IRS in that call.
They didn't know how to handle this yet and advised me to write a letter about it and make an appointment.

I actually wanted to go through with this but am still waiting for community support. I have some funds but not enough to see this through.

Adrian-x

legendary

Activity: 1372

Merit: 1000

Quote from: 10c on June 12, 2013, 12:28:22 PM

Well actually Dutch government wants some coins too.
official statement from minister of finance (Dijsselbloem)
source: http://www.nu.nl/internet/3495285/inkomsten-in-bitcoins-worden-belast.html
He happens to be head of EU finance at the moment as well.
also Canadian government wants coin. Roll Eyes

This sounds good, governments should set an exchange rate for fiat to Bitcoin say $1000 per 1XBT
And regulate the price through market forces, that'll do it.

phoenix1

hero member

Activity: 798

Merit: 1000

Quote from: Rampion on June 12, 2013, 12:28:50 PM

Quote from: phoenix1 on June 12, 2013, 12:27:31 PM

Quote from: Rampion on June 12, 2013, 12:12:46 PM

Selling pressure slowly building up.

Feels like we are now clinging on to $110 rather than bumping up against it

Those guys who panic bought from $110.5 to $112ish must be in a world of pain right now Cool

There is still someone out there trying to keep it up here, but I wonder how long it can last before we let go

stereotype

legendary

Activity: 1554

Merit: 1000

Quote from: 10c on June 12, 2013, 12:28:22 PM

Well actually Dutch government wants some coins too.
official statement from minister of finance (Dijsselbloem)
source: http://www.nu.nl/internet/3495285/inkomsten-in-bitcoins-worden-belast.html
He happens to be head of EU finance at the moment as well.
also Canadian government wants coin. Roll Eyes

Wow. They actually asked a parliamentary question. Onwards and upwards.

KS

sr. member

Activity: 448

Merit: 250

Quote from: 10c on June 12, 2013, 12:28:22 PM

Well actually Dutch government wants some coins too.
official statement from minister of finance (Dijsselbloem)
source: http://www.nu.nl/internet/3495285/inkomsten-in-bitcoins-worden-belast.html
He happens to be head of EU finance at the moment as well.
also Canadian government wants coin. Roll Eyes

First step to becoming a recognized currency: pay your taxes in BTC! Way to go Orange!

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: phoenix1 on June 12, 2013, 12:27:31 PM

Quote from: Rampion on June 12, 2013, 12:12:46 PM

Selling pressure slowly building up.

Feels like we are now clinging on to $110 rather than bumping up against it

Those guys who panic bought from $110.5 to $112ish must be in a world of pain right now Cool

10c

full member

Activity: 658

Merit: 100

BuyAnyLight - Blockchain LED Marketplace

Well actually Dutch government wants some coins too.
official statement from minister of finance (Dijsselbloem)
source: http://www.nu.nl/internet/3495285/inkomsten-in-bitcoins-worden-belast.html
He happens to be head of EU finance at the moment as well.
also Canadian government wants coin. Roll Eyes

phoenix1

hero member

Activity: 798

Merit: 1000

Quote from: Rampion on June 12, 2013, 12:12:46 PM

Selling pressure slowly building up.

Feels like we are now clinging on to $110 rather than bumping up against it

KS

sr. member

Activity: 448

Merit: 250

Quote from: hlynur on June 12, 2013, 12:05:56 PM

Quote from: wolongong on June 12, 2013, 11:59:35 AM

Once they start there will be no end. In no time you will have to prompt your peers for permission before adding them to peers.dat.. put a big warning sign saying THIS IS NOT MONEY on any physical bitcoins.. register all your addresses with the ECB.. their imagination has no end. They even regulate how deep your tractor is allowed to make tracks on your own farmland.

eu even regulated to what degree a banana has to bend to sell it as that. (no joke!)

http://en.wikipedia.org/wiki/Commission_Regulation_%28EC%29_No_2257/94

stereotype

legendary

Activity: 1554

Merit: 1000

Quote from: KS on June 12, 2013, 12:14:39 PM

Quote from: Ivanhoe on June 12, 2013, 11:49:31 AM

Quote from: KS on June 12, 2013, 11:37:40 AM

Quote from: StarenseN on June 12, 2013, 11:26:16 AM

Quote from: KS on June 12, 2013, 11:21:18 AM

but then, do you want to attract the attention of the EU?

What do you mean?

This can swing both ways, good or bad.

If you attract the attention of the EU officials (in Brussels, you cannot *not* bump into them), you put BTC on the EU map which is potentially a good thing, but you also risk exposing it to unwanted regulation, which could be a hindrance.

I'd be interested to know how things turn out in Helsinki.

Maybe a stupid question from my side, however i could not think of a answer.
How do you see Brussel ( or an other government ) regulate Bitcoin?

They could ban the use of the Bit-tips, for ex. That would put a stop to the initiative.

But the reptile knows some good saunas he could entertain them in. Those officials like things like that!

KS

sr. member

Activity: 448

Merit: 250

Quote from: stereotype on June 12, 2013, 11:59:07 AM

Quote from: KS on June 12, 2013, 11:53:29 AM

Quote from: stereotype on June 12, 2013, 11:45:21 AM

Quote from: KS on June 12, 2013, 11:37:40 AM

Quote from: StarenseN on June 12, 2013, 11:26:16 AM

Quote from: KS on June 12, 2013, 11:21:18 AM

but then, do you want to attract the attention of the EU?

What do you mean?

This can swing both ways, good or bad.

If you attract the attention of the EU officials (in Brussels, you cannot *not* bump into them), you put BTC on the EU map which is potentially a good thing, but you also risk exposing it to unwanted regulation, which could be a hindrance.

I'd be interested to know how things turn out in Helsinki.

Would you be surprised if senior members of HM Government (HMRC/MOD/Treasury), are talking to prominent members of the UK Bitcoin community? The attention phase has passed.

Oh, I think it's just starting.

It started a few months ago, and is a continuing dialogue.

They're only a few years late...

KS

sr. member

Activity: 448

Merit: 250

Quote from: Ivanhoe on June 12, 2013, 11:49:31 AM

Quote from: KS on June 12, 2013, 11:37:40 AM

Quote from: StarenseN on June 12, 2013, 11:26:16 AM

Quote from: KS on June 12, 2013, 11:21:18 AM

but then, do you want to attract the attention of the EU?

What do you mean?

This can swing both ways, good or bad.

If you attract the attention of the EU officials (in Brussels, you cannot *not* bump into them), you put BTC on the EU map which is potentially a good thing, but you also risk exposing it to unwanted regulation, which could be a hindrance.

I'd be interested to know how things turn out in Helsinki.

Maybe a stupid question from my side, however i could not think of a answer.
How do you see Brussel ( or an other government ) regulate Bitcoin?

They could ban the use of the Bit-tips, for ex. That would put a stop to the initiative.

Rampion

legendary

Activity: 1148

Merit: 1018

Selling pressure slowly building up.

hlynur

hero member

Activity: 770

Merit: 501

Quote from: Its About Sharing on June 12, 2013, 11:21:27 AM

Just watch the first 10 mins or so of todays Max Keisser https://www.youtube.com/watch?v=-J2tlG6gmnc&list=SPPszygYHA9K2ZtV_1KphSugBB7iZqbFyz&index=56

thanks for that one.
loved the comparison to some hookers beating up a mom because she looked like competition.

btc is gonna get the hell speculated out of it by USD. Cheesy

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: Its About Sharing on June 12, 2013, 12:03:52 PM

Quote from: ShroomsKit on June 12, 2013, 12:00:25 PM

Quote from: Its About Sharing on June 12, 2013, 11:43:23 AM

Quote from: ShroomsKit on June 12, 2013, 11:26:24 AM

Quote from: Its About Sharing on June 12, 2013, 11:21:27 AM

This is the "unknown" type of stuff that can make BTC run again. Another Cypress and we all saw what that did to BTC.

Actually, no, we didn't.

Maybe you work better with pictures. Grin

"On 25 March 2013, a €10 billion bailout was announced in return for Cyprus..."
Note, it was talked about before it happened. Just look at mid to late March and what followed. Clearly no coincidence.

Sorry, not seeing. Do you have any proof? Or just a guess presented as a fact?

My bad, must have been one of those coincidences...

Look, i'm not saying it is completely impossible but not one person so far has been able to prove the connection. I was just checking if you were the first. And you weren't.

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