303000+ entries in 2.417s
Namworld: The whole income tax system annoys me because it entails complex regulations that's put on the shoulder of everyone in the general public. It basically requires you to pay for an accountant to pay your due, unless you have
a very basic income report to fill.
peterl: if you use the btc to buy
a $100 dollar watch, then the government sees that as 100 - (whatever you bought the btc for) worth of income
Namworld: Your goods when bartering don't have
a clear USD value until they're sold. They still tax barter.
peterl: Sounds easy enough to me. Each week you cash out some bitcoin, write in
a spreadsheet "10 btc @ 107.2 = $1072.00" and then add them up at the end of the year
Diablo-D3: he makes
a lot of money, you know why? because its difficult
Diablo-D3: you could actually issue yourself
a W2
Diablo-D3: if you were working for
a business
Namworld: We could just move to
a luxury/property tax system and get rid of all the complexity of the tax system for the general population.
Diablo-D3: and how the first $500 is defined requires
a CPA.
Namworld: Bitcoiners should just build
a floating fortress and anchor it in the middle of the international waters. There, problems solved in the utopia of Liberty Island, where libertarians and trolls abound. (P.S. Please don't sign me up for it)
Diablo-D3: if you buy 1 BTC at $20, and then trade it for
a $30 gift card, you STILL owe taxes on the $10 difference.
Diablo-D3: and dont give me that "well the internet" bullshit either, amazon is going to get their nuts trapped in
a door jam soon enough
Diablo-D3: ThickAsThieves: except it DOES have
a USD value
jurov: what if you buy
a house for bitcoins that you mined in 2011 ? no taxes either?
Diablo-D3: and you cannot offset losses because its not
a SEC recognized security
jurov: Cue: "Bill is
a Bitcoin miner. He successfully mines 25 Bitcoins. Bill may have earned taxable income from his mining activities."
jurov: in any case, i can agree with the premise that trying to operate btc business from US needs indeed
a state of denial
jcpham: now it's aprobably
a regular mining turd
jcpham: That's like
a 20% drop...
ThickAsThieves: this means you have zero ability tobe
a Hero unless you've been active for 1 year
gribble: Error: "bc,diff" is not
a valid command.
jcpham: mining is
a terrible thought experiment
jcpham: says the miners get paid 99% and 1% gets reinvested in
a redeemable way
jcpham: let's talk about
a mining pool and
a hedge fund combined into one entity
dub: just got back from
a week in indonesia, didn't get around to going diving though
deadweasel: cheap everything. family taking boat around for
a week. fish dive drink swim pee sleep.
dub: I'd be shocked if they weren't grabbing wallets where they could nad going through the blockchain with
a fine toothed comb
deadweasel: well when
a 'bitcoin angel investor' tells you something, you're sure he has no other motivation than your bitcoins well being.
deadweasel: ha no, i have
a sea kayak. i want my old sit on top back but my ex sold it. texas whore.
Diablo-D3: and iron mans was like TOTALLY NOT DRUNK ENOUGH FOR THIS, GIMME
A MOMENT
Diablo-D3: hes just such an evil son of
a bitch
dub: in other news I just bought myself
a present
dub: giga is not
a normal customer, luke is an empoyee etc
dub: at least the guy that received
a single was approached to post about it
dub: I like how he has all that gear sitting on
a $10 racking system
Diablo-D3: you can be
a sex slave consensually
ThickAsThieves: [18:50] <mircea_popescu> im curious if in the end this magical bitcoin community will manage to make
a usable splash screen <<< I have ideas brewing, but I have no idea if I'll actually make the time before the deadline
dub: heh
a while ago someone was refuting my claim that 90% of bitcointalk accounts are fake
mircea_popescu: im curious if in the end this magical bitcoin community will manage to make
a usable splash screen
Diablo-D3: thats
a pretty short password then
Diablo-D3: and it uses
a usefully long and complex password?
dub: she's
a chamion ingoree for sure
dub: tbh, not being
a bitcointalk mod raises your rep considerably
dub: omg theymos has always been
a scumbag, now he took my mod, what do I do?
dub: if there is
a way for them to steal shit they will, this is universally true and obvious
mircea_popescu: that you're caught with
a dead girl in the bed doth not mean you can't be
a serial killed
jcpham: i think it is
a control thing.
jurov: i'm not sure such homework can be done easily... perhaps they need
a consultant? *evil grin*
deadweasel: were those international characters, mircea_popescu ? came up as mir???
a Diablo-D3: [02:40:27] <ThickAsThieves> used
a bit too much salt, and hemp milk was
a little too sweet to use as
a milk substitute
ThickAsThieves: used
a bit too much salt, and hemp milk was
a little too sweet to use as
a milk substitute
Plazmotech: I wish CampBX didn't have
a 31 day waiting period. It's absurd. Here I am, waiting and waiting. Stocks just wanting to be bought
Plazmotech: Well, I do have
a _whole_ 0.05339266 BTC in my wallet :)
pankkake: well you could trick it by adding
a "+" after your e-mail
pankkake: well, if you have
a 10% alert, you'll get it for 25 too, right?
deadweasel: where to get
a good laptop without an OS?
pankkake: just got
a mail from btcwarn. very useful
thestringpuller: ;;later tell mircea_popescu sorry I missed you was on the phone with the director. send me
a ping when you're back on have
a slight change of plans, but you should still be cool with them.
deadweasel: i noticed
a popup get through! i was was horrified.
dub: its been getting worse for
a while but in the last few weeks shit has got totally irrelevant
deadweasel: someone did setup
a urban terror play for bitcion
Diablo-D3: jurov: glutamate is
a neurotransmitter used by almost every vertebrate on the planet
Diablo-D3: dub: you do realize msg is extremely similar to
a chemical our tongue already uses, right?