991000+ entries in 0.789s
dub: its just
the a records
too, ns/mx is fine
dub: including a point blank
to
the back of
the head
team kill
dub: man I just got
the shit shot out of me playing paintball
burnside: So yes, I will be reporting any profit on any crypto
that I convert
to USD.
burnside: For me personally, I have
to approach
taxes from
the US gov't.
burnside: you have
to keep in mind
that for BTC
Trading Co, I have
to approach
taxes from
the perspective of
the Belize gov't.
Ukto: you can get
that value easily, by
taking
the amounts held back and converted
to currency
Ukto: that with your businesses
taxes, as an expense of sorts
Ukto: and you are supposed
to declare
Ukto: when you give out a commodity
to people
Ukto: i
think you may have covered in
the
tax stuff with gigamining you said
burnside: that is
true. in
the us you're supposed
to
track
the bartering value
Ukto: The commodity has a value,
the govts generally want you
to est.
that value when you give it
to people
burnside: well,
there's right now.
there's
tomorrow.
there's next month. next year. and 4.5 years from now. which do you want?
Ukto: So I was confused by
that
Ukto: "Further, we are not exchanging virtual goods for real currency. So
there is no exposure
there either.
The company does not profit in currency. "
Ukto: you said
the company does not profit in currency
burnside: We will have
to show a profit in 5 years, but
that becomes an exercise
to
tackle in year 4.5.
burnside: Since
the company itself will only be converting enough commodities
to cover costs, I'm not super worried about it.
Ukto: most countries require
that a company has
to show actual profits (Sometimes of amounts) within X years, or
they shut down
the corp and deem it as a hobby
burnside: not sure what
the
tax rate is.
burnside: I do have
to file annual
tax returns
Ukto: Although, wont Belize shut
the corporation down eventually? Or is it a non profit?
Ukto: well, at least you got someone in belize
to act as a local director
Ukto: er D? none of
the above. lol
burnside: (A) get investors, let
them do
the business pieces. (B) I get
to be
the programmer and do
the part
that is fun for me.
burnside: think for a second about how I get from (A)
to (B)
burnside: yup, one leads into
the other.
kakobrekla: 02:16.28 ( burnside ) nah, honestly, I went into
this just wanting
to code a cool site and sell it.
burnside: investors outside
the US
that are willing
to do
the AML share registration and be corporate officers, etc.
burnside: I've been clear in many
threads across many posts
that we're looking for large investors
to become involved.
kakobrekla: 02:17.13 ( burnside ) I have
to grow it
to where someone else
thinks it's worth
taking over.
Ukto: kakobrekla: whats
that?
Ukto: well, just keep selling your shares at 200l each, and youll get
there :P
burnside: I have
to grow it
to where someone else
thinks it's worth
taking over.
Ukto: the css updates were nice
tho
Ukto: noithing like
taking on another project you didnt want :P
burnside: nah, honestly, I went into
this just wanting
to code a cool site and sell it.
Ukto: or are you afriad your shareholdings would
tie
things
together
too much?
burnside: I could
tell 'them'
that. Do you
think
they would belive me?
burnside: I didn't want
to expose
the hosting company
to
the risk.
burnside: panama seemed at
the
time
to have good connectivity and
the boxes were cheap
Ukto: burnside: I am still curious why
the servers in panama and not
the us or belize?
Ukto: Would you could you, on a
train? would you could you, please refrain? :P
Ukto: I just wanted
to see if he will end it. :P
mircea_popescu: tbh i don't
think
there's anything wrong with public discussion, leaves a record
mircea_popescu: much
to my surprise kakobrekla is actually older
than me
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nanotube: mircea_popescu: yea
the signed message bit could use some foolproofing.
mircea_popescu: nanotube but yes it's why i've never used
that method, only ;;eauth
mircea_popescu: this way a merchant would be pretty boneheaded
to allow it. in conjunction with a "To be used exclusively on Y" it should do
the
trick.
mircea_popescu: the simplest solution would maybe adding
text reading :
This not valid past X date, where X is maybe 24 hoursi n
the future
kakobrekla: noone can do a serious dent in
the book
mircea_popescu: what
the hell, you
telling me bit4x
trades 10-100k btc a month nao ?!
mircea_popescu: but seriously,
the first fizzled,
the 2nd is like... meh...
mircea_popescu: i was hoping for
the bitmag stuff
to bridge us over
till
the weekend and
then maybe bfl stuff
mircea_popescu: Berlin (Germany) - A German man became so frustrated at his computer
that he
threw it out of his window, and
the police reaction was essentially "we understand".
Ukto: when you compare
their behaviours and actions side by side
mircea_popescu: “Tubes are going
to destroy our industry,” says Sunny Leone, 29, an Indian-American knockout who is celebrating eight nominations
this evening. “Fans don’t understand
that if
they don’t pay for porn, we can’t make a living.
They’ll have
to watch crazy European porn.”
Ukto: and I was just pointing out
they are very different animals
Ukto: i
think he was
trying
to justify his sites as
the same as wow and secondlife
Ukto: alright lets go with
that
then :P
Ukto: i
think
that is where my confusion is comming from. :)
Ukto: burnside can not claim BTC has no value (which is being
traded for virtually realistic shares of his real corporation)
mircea_popescu: the reason wow makes
the claim it doesn't is because by not making it
they'd claim
the opposite
mircea_popescu: Ukto nobody has
the authority
to make such claims in bitcoin.
midnightmagic: ..
thinking about it, it would be
the quickest way
to convince me
to exit bitcoin.
midnightmagic: HAH "Even more, he was paying himself for
the
time
that was required
to pay himself"
Ukto: and contridicting
the whole
thing
Ukto: the biggest issue is just
that hes
trading actual corporate stock on his 'fake' site
Ukto: mircea_popescu: except
that
the games claims
to have no monetary value, wheras his site does not claim bitcoins have no monetary value.
midnightmagic: mircea_popescu: "II.2.
The Rota supersedes
the jurisdiction of any other court, institution, group, organisation, corporation, reigning monarch, city fool etc." :-)
midnightmagic: Something about
the nature of small-time
thieves bothers me more
than
the pirate scam
thing does.