I like them GreenBacks! can't buy no weed or pussy with Disney dollars.
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Bitcoin cracks US$100
- Thread starter PhenoMenal
- Start date
I've bought loads of hash with btc
Never tried to buy pussy with it, but I'm not paying for it(cash direct in hand,you always pay for it
usually in earache
) kind of guyThe only money I have lost since using BTC, is commission fees on the exchange, and the 5 quid the US government stole from me when they took down a certain onion site.
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The Daily Show with Jon Stewart Intro: A Fox and a Drox in a Box
http://www.hulu.com/watch/602460
"Millions of the world's youngest money, Bitcoin, mysteriously disappear from Bitcoin currency exchange Mt. Gox."
http://www.hulu.com/watch/602405
http://www.thedailyshow.com/watch/thu-february-27-2014/intro---a-fox-and-a-drox-in-a-box?xrs=share_copy
watch how mt.gox is handled in the legal system and you'll probably see how gold will be handled when the dollar collapses.
http://www.hulu.com/watch/602460
"Millions of the world's youngest money, Bitcoin, mysteriously disappear from Bitcoin currency exchange Mt. Gox."
http://www.hulu.com/watch/602405
http://www.thedailyshow.com/watch/thu-february-27-2014/intro---a-fox-and-a-drox-in-a-box?xrs=share_copy
watch how mt.gox is handled in the legal system and you'll probably see how gold will be handled when the dollar collapses.
MtGox actually means Magic The Game Online Xchange!?!?!?! It actually started as a company for trading game cards??? I smell an in side job.......
I thought the following was the height of hilarity in the other thread, but it didn't even raise a titter, let alone a giggle, so I'll try again here...
Originally Posted by Tonygreen View Post
Its not real money
ME>>> "They send me real hash.
"
Originally Posted by Tonygreen View Post
Its not real money
ME>>> "They send me real hash.
"
i predict by the end of the lawsuit it will go something like this:
the bitcoins are gone
nobody can make more out of thin air to 'satisfy' the '.gov'
so they will settle for cash
bankruptcy blahblah loans yaddayadda reach settlement
they end up getting %50-70% in cash value at whatever they were worth
so $500-750 for every $1000 bitcoin
the people will say 'but we dont want money we want BITCOIN'
200mill liquidty influx into bitcoin the following week
price of bitcoin goes up
so in summary:
1. the bitcoins are gone and you cant make more
2. ......?
3. PROFIT
this is for real
this is also probably whats going to happen to gold during the next crash
Apart from this latest one, which is a result of Gox, the price drops have all been the result of speculators doing the "Pump and dump". They buy up lots of coin over period of time, then sell a huge amount quickly, this makes people think "Ooh-er, maybe he knows something I don't.".
So people start selling, the price tumbles, then the speculator swoops in and buys up even more coin than he had before, on the cheap. Rinse and repeat.
So people start selling, the price tumbles, then the speculator swoops in and buys up even more coin than he had before, on the cheap. Rinse and repeat.
Bitcoin CEO found dead in Singapore in apparent suicide
Bitcoin CEO found dead in Singapore in apparent suicide
http://www.nydailynews.com/news/wor...-singapore-apparent-suicide-article-1.1711585
A U.S.-born Bitcoin currency executive was found dead in an apparent suicide in her Singapore home, the company said in a statement.
Autumn Radtke, 28, CEO of First Meta, was found dead last week by local police in her home in what is believed to be a suicide, but police have yet to determine the cause of Radtke’s sudden death, CNBC reported.
RELATED: BITCOIN CHAMP CHARGED WITH FUNDING DRUG SHOP
Radtke had been in charge of the virtual currency company since 2012. She previously held top positions at companies that worked closely with giants such as Dell and Verizon, according to her LinkedIn profile.
"The First Meta team is shocked and saddened by the tragic loss of our friend and CEO Autumn Radtke,” First Meta said in a statement on its website. “Our deepest condolences go out to her family, friends and loved ones. Autumn was an inspiration to all of us and she will be sorely missed."
Read more: http://www.nydailynews.com/news/wor...arent-suicide-article-1.1711585#ixzz2v7pht3nZ
Bitcoin CEO found dead in Singapore in apparent suicide
http://www.nydailynews.com/news/wor...-singapore-apparent-suicide-article-1.1711585
A U.S.-born Bitcoin currency executive was found dead in an apparent suicide in her Singapore home, the company said in a statement.
Autumn Radtke, 28, CEO of First Meta, was found dead last week by local police in her home in what is believed to be a suicide, but police have yet to determine the cause of Radtke’s sudden death, CNBC reported.
RELATED: BITCOIN CHAMP CHARGED WITH FUNDING DRUG SHOP
Radtke had been in charge of the virtual currency company since 2012. She previously held top positions at companies that worked closely with giants such as Dell and Verizon, according to her LinkedIn profile.
"The First Meta team is shocked and saddened by the tragic loss of our friend and CEO Autumn Radtke,” First Meta said in a statement on its website. “Our deepest condolences go out to her family, friends and loved ones. Autumn was an inspiration to all of us and she will be sorely missed."
Read more: http://www.nydailynews.com/news/wor...arent-suicide-article-1.1711585#ixzz2v7pht3nZ
what lawsuit?
that's damned shame, I wonder if she left details we aren't hearing about yet or ever will. suicides are common during huge fiscal failures but being so close to the source adds intrigue as well.
http://www.reuters.com/article/2014/02/28/us-bitcoin-mtgox-lawsuit-idUSBREA1R1ON20140228
http://www.bloomberg.com/news/2014-...ange-sued-in-u-s-for-misappropriation-1-.html
http://dealbook.nytimes.com/2014/03/05/plaintiffs-in-suit-seek-to-freeze-mt-goxs-u-s-assets/
http://www.ibtimes.com/bitcoin-exch...r-bankruptcy-personal-finances-targeted-class
http://arstechnica.com/tech-policy/...ction-lawsuit-against-bitcoin-exchange-mtgox/
http://en.wikipedia.org/wiki/Normal_backwardation
if you want to understand world banking and how an economy collapses, this mirroring whats going to happen in the future
this has been a real life example of 'foreshadowing'
O
OGShaman
Saw one of my very famous tech constituents make the claim that 12% of all bit coins have been stolen. Sad if true.
as interesting as it is that Greene has his suit up & running as I understand it Japan has not committed on how or whether it will allow lawsuits to proceed over Bitcoins/MtGox, their society & courts being a bit less litigious than ours.......
let's not forget that the whole point in buying/selling bitcoin was that it was unregulated and unmonitored and therefore everyone investing was hoping to fuck the tax man no matter what country they lived in, with nothing in it for the tax man to begin with don't expect them to come running because someone lost their little nest egg. but hey, that's just my .02 of what I smell goin' on
as interesting as it is that Greene has his suit up & running as I understand it Japan has not committed on how or whether it will allow lawsuits to proceed over Bitcoins/MtGox, their society & courts being a bit less litigious than ours.......
let's not forget that the whole point in buying/selling bitcoin was that it was unregulated and unmonitored and therefore everyone investing was hoping to fuck the tax man no matter what country they lived in, with nothing in it for the tax man to begin with don't expect them to come running because someone lost their little nest egg. but hey, that's just my .02 of what I smell goin' on
but thats just it, the .gov smells money in lawsuits
filing for bankruptcy is a government function - thus money can be extracted from someone, somewhere at some point in time
why does mt.gox need to file for bankruptcy when it had bitcoins, which arnt money?
same with gold in a way, if an exchange had your gold and you never got it back, why would the .gov get involved? its gold not dollars? same here, its bitcoin not dollars.
and i dont think the sole purpose of bitcoin is to 'fuck the tax man'
really, its the tax man that fucks himself, thats how it always ends...
Any & all monies won in a lawsuit are NOT taxable, so what's in it for the govt?
I never mentioned bankruptcy.
but the govt would get involved in gold losses via lawsuits, inquiries etc as it's very likely a legit business w/everyone reporting all income (or losses) through the taxable network provided.
I never said the sole purpose of bitcoins was to fuck the tax man, I said bitcoin INVESTORS were trying to fuck the tax man, big fucking difference jjf.......
if you'd like proof of my assertion in the last regard just go through all the bitcoin threads here in the Toker's Den and then please tell me how many members here spoke of their willingness to pay taxes on their gains. you won't find a single one.
Bitcoin coder found
Bitcoin coder found
They've found Satoshi
http://www.theguardian.com/technology/2014/mar/06/bitcoin-founder-satoshi-nakamoto
"" Satoshi Nakamoto, the creator of Bitcoin, is reportedly a 64-year-old Japanese-American man who lives in California, makes parts for model steam trains using computer-aided design, and has spent the past few years battling ill-health, first prostate cancer, and later a stroke.
And, according to Newsweek reporter Leah McGrath Goodman, his name really is Satoshi Nakamoto.
Nakamoto, Goodman discovered, had changed his name in 1973 to Dorian Prentice Satoshi Nakamoto and now signs it as Dorian S Nakamoto. Goodman searched for all Satoshi Nakamotos “both dead and alive” in North America and beyond for one that matched the profile. But when she found DS Nakamoto, he was unwilling to confirm or deny his involvement with the cryptocurrency directly.
Despite discussing his steam train hobby with her, he “ceased responding to emails I’d sent him immediately after I began asking about bitcoin,” Moore writes. And when she goes to meet him “he looks down, staring at the pavement and categorically refuses to answer questions”.
Faced with his lack of co-operation – and a denial, passed through Nakamoto’s son Eric – Moore cites circumstantial evidence to back up her claim. Nakamoto is a libertarian, “very wary of the government, taxes and people in charge”, according to his daughter, who taught his children to “not be under the government’s thumb”. And in the wake of the 9/11 attacks, he worked as a software engineer for the FAA, doing “very secret” security and communications work.
Some in the bitcoin community are wary of the claim – and the desire to uncover Nakamoto in the first place. Bitcoin’s lead developer, Gavin Andresen, who is quoted extensively in the piece, says he is “disappointed Newsweek decided to dox the Nakamoto family”, and that he “regret talking to Leah”.
Members of the BitcoinTalk forum, the semi-official home of the community, responded with disbelief. “The article presents ZERO evidence that this guy named Satoshi Nakamoto is the inventor of Bitcoin... NewsWeek is going to get burned on this...,” said one user, while another echoed comments on other forums that “unless he can do a signed transaction from an address known to be that of the originator of bitcoin,” then they wouldn’t believe the story. ""
Bitcoin coder found
They've found Satoshi
http://www.theguardian.com/technology/2014/mar/06/bitcoin-founder-satoshi-nakamoto
"" Satoshi Nakamoto, the creator of Bitcoin, is reportedly a 64-year-old Japanese-American man who lives in California, makes parts for model steam trains using computer-aided design, and has spent the past few years battling ill-health, first prostate cancer, and later a stroke.
And, according to Newsweek reporter Leah McGrath Goodman, his name really is Satoshi Nakamoto.
Nakamoto, Goodman discovered, had changed his name in 1973 to Dorian Prentice Satoshi Nakamoto and now signs it as Dorian S Nakamoto. Goodman searched for all Satoshi Nakamotos “both dead and alive” in North America and beyond for one that matched the profile. But when she found DS Nakamoto, he was unwilling to confirm or deny his involvement with the cryptocurrency directly.
Despite discussing his steam train hobby with her, he “ceased responding to emails I’d sent him immediately after I began asking about bitcoin,” Moore writes. And when she goes to meet him “he looks down, staring at the pavement and categorically refuses to answer questions”.
Faced with his lack of co-operation – and a denial, passed through Nakamoto’s son Eric – Moore cites circumstantial evidence to back up her claim. Nakamoto is a libertarian, “very wary of the government, taxes and people in charge”, according to his daughter, who taught his children to “not be under the government’s thumb”. And in the wake of the 9/11 attacks, he worked as a software engineer for the FAA, doing “very secret” security and communications work.
Some in the bitcoin community are wary of the claim – and the desire to uncover Nakamoto in the first place. Bitcoin’s lead developer, Gavin Andresen, who is quoted extensively in the piece, says he is “disappointed Newsweek decided to dox the Nakamoto family”, and that he “regret
Members of the BitcoinTalk forum, the semi-official home of the community, responded with disbelief. “The article presents ZERO evidence that this guy named Satoshi Nakamoto is the inventor of Bitcoin... NewsWeek is going to get burned on this...,” said one user, while another echoed comments on other forums that “unless he can do a signed transaction from an address known to be that of the originator of bitcoin,” then they wouldn’t believe the story. ""
///oppsy fryd didnt see post above//
the original article
http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html
the original article
http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html
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this right here
the virtual satoshi made sure that the meat space satoshi will never be 'trusted' because meat space satoshi will never sign the genesis block
whats in it for the .gov is they get to exercise power, thats enough for them
you asked about the lawsuit, which involves bankruptcy
just because a business uses bitcoins doesnt mean its not a legitmate business. should we ask the silk road users about how they pay taxes too? if .gov provided bitcoin the same network for taxes as gold and regulated with legitamcy then how is bitcoin not like gold? and if gold then so bitcoin...
so people who invest in it are the wolf of wall street but the people that... what? use it? except it as payment? are not?
because someone in .gov has 'yet to mandate' bitcoin tax policy?
"never said the sole purpose of GOLD was to fuck the tax man, I said GOLD INVESTORS were trying to fuck the tax man"
does that still hold up?
icmag is not the place for financial advise, and besides its not like capital gains is income tax! am right? right? .... ya
house of cards
if taxes were payed through the blockchain then we would have known mitt romneys tax return in the elections of ought twelve
200 years ago i could have payed taxes with leftover stems!
cheers
