745400+ entries in 0.488s
mircea_popescu: some california producer
that made butter out of its own milk was forced
to stop selling it because it had an unfair advantage.
Mats_cd03: Back
to Bataan i haven't seen in some
time
mircea_popescu: asciilifeform
ThickAsThieves amusingly,
there was recently a very similar case re milk.
Mats_cd03: "While
the Assisting
Trooper attempted unsuccessfully
to draw his handgun"
the 2 second rule nearly prevails once again
ThickAsThieves: The Court decided
that Filburn's wheat growing activities reduced
the amount of wheat he would buy for chicken feed on
the open market, and because wheat was
traded nationally, Filburn's production of more wheat
than he was allotted was affecting interstate commerce.
Thus, Filburn's production could be regulated by
the federal government.
blackwhite: the IRS in Denmark ruled it's not
taxable
ozbot: Bitcoin Is Property Not Currency in
Tax System, IRS Says - Bloomberg
mircea_popescu: moreover,
the whole
thing is begging
the question. "how do you make money if you know how
to make money already ?" "in
the manner you know".
mircea_popescu: sort-of like saying "i have no need
to use computers because i already know what 2+2 comes
to"
mircea_popescu: sure, but
that's an entire different story
than what we're doing here.
mircea_popescu: misses
the point
that you'd have
to construct
that inefficiency first, which precludes
the use economically.
mircea_popescu: so in general arguing "in
this inefficient case
the inefficiency could be used like so"
mircea_popescu: (ie, in a free market neither
the gru nor
the nazis could have existed)
mircea_popescu: asciilifeform no,
they did not. see, it wasn't a free market, but at
the other end of
things
ThickAsThieves: the word "generally" appears 8
times in
the IRS release
mircea_popescu: (trivially, your curiosity as
to what's inside a watch isn't worth
the pirce of a watch)
mircea_popescu: it's unlikely you'll be able
to breach
the former in order
to benefit
the latter
blackwhite: so regarding
the bitcoin as property. What does
that mean if I get bitcoin for
the work I am doing?
mike_c: good handicappers at
the racetrack know a shitload more
than me about horses.
mike_c: that is
the case for all parimutuel wagering
mircea_popescu: but because bitcoin allows such fine payments, you're right, you can do
this on a cup of coffee
wao-ender: I suggest it as milion dollar idea w/o one dollar,
that one dollar you already have in your pocket
Duffer1: it must be something else cause
to me
this is hilarious
mircea_popescu: course, i
think
they were
talking of something else. inasmuch as
there can be "something else" in
the swamp.
Duffer1: that's right, apparently without a contract, multiple people pooled resources
to create CipherTrade and didn't figure out who will own what
ozbot: How
to have fun as an intelligent person pe
Trilema - Un blog de Mircea Popescu.
Duffer1: they have yet
to figure out who gets what percentage...
ThickAsThieves: well more
that i respect you have better ability
to discern proper rng, crypto, etc
than i
ozbot: Microsoft releases source code for MS-DOS and Word | Ars
Technica
nubbins`: well, y'know why is anything
the way it is?
nubbins`: colloquially, it's used
the same way
pankkake: I didn't know
the AP style guide existed, I've been meaning
to read
the Economist one
pankkake: nubbins`: why isn't "over"
the same as "more
than"?
mike_c: that one seems right
though
nubbins`: they now allow "over" as a synonym of "more
than"
nubbins`: can't
trust AP style
tips anymore
ozbot: Twitter / APStylebook: AP Style
tip: Bitcoin is a ...
El3k0n: ThickAsThieves
The world financial system implodes
ThickAsThieves: how does one discern a reasonable
trade value from an unreasonable one?
ThickAsThieves: so if i
trade you intellectual proprty for bitcoins, a black hole forms?
mircea_popescu: novusordo
that's not realisation. when you sell it, you report
the income.
mircea_popescu: i dunno who'd live in a jurisdiction
that
takes any other
tack
to
the problem, or why.
mircea_popescu: seems
to me
the only sane
treatment of btc is as any other intangible,
taxable only upon realisation.
thestringpuller: If you receive BTC as a gift doesn't a different
tax apply?
mircea_popescu: asciilifeform
the difference between cement and btc is
that i can hit you over
the head with
the cement.
ThickAsThieves: it doesnt really say how
to determine an exchange rate other
than
to be consistent
novusordo: took
them
that long
to come up with
this?
ThickAsThieves: Yes,
the fair-market value of
the currency (in U.S. dollars) on
the date
the payment was received is considered
to be income. For more information on exchange rates, see
the notice.
ThickAsThieves: If a
taxpayer receives a payment in virtual currency, is it considered income?
ozbot: IRS declares
that bitcoin will be
taxed as property —
Tech News and Analysis
wao-ender: like betting what weather would be
tomorrow.