What do people think about Bitcoin?

You are coming along well... A smart man, yes it is time to buy. I just bought some more at sub 500 prices.

 

You can buy one satoshi if you want

 

Certainly. But you're probably going to lose money in the transaction from Dollar -> Bitcoin -> Purchase. Whoever sells you the bitcoin is going to give you a worse exchange rate and the place you make your purchase. So unless you really need the transaction to be anonymous, it seems unnecessary.

 

Except your average mainstream person isn't trying to find ways to manipulate their tax bill. Turbotax or H&R Block software is not going to have a section on that. For the mainstream person, it's going to be an added hassle on their taxes to keep track of cost-basis and profits, etc - especially when they use a bitcoin to purchase something as opposed to simply selling it.

And almost no one is going to be living on bitcoin transactions because you can only use it for a tiny minority of things you need to buy.

 

that's what developers can bring to the market.. software with tax techniques made easy

 

"The concept of capital gains on tiny transactions is difficult to enforce, and enforcement is going down, not up. The IRS has released its latest statistics on the number of audits carried out. The overall audit rate in 2013 was 0.96%, which is the lowest since 2005.

Where it does audit people, it tends to go after big fish, with big transactions.

The highest percentage of people audited in 2013 with an income under $200,000 was the $0-$25,000 bracket. Of which 1% were nobbled.

Above $200,000, the rates keep rising, all the way up individuals with more than $10m in earnings on their tax returns for the year, where almost a quarter of people were audited.

Among this super-rich set, it will be presumably be looking for capital gains taxes on large property transactions (including large amounts of bitcoin).

The chances are that most bitcoiners using the digital currency (or property, depending on which government agency you’re talking to) for daily transactions aren’t going to be worrying too much about this in daily practice.

Nevertheless, if someone were to develop a mobile app with functionality built-in to track those capital gains taxes on bitcoin purchases, it might well appeal to a broad audience.

Would you use one?"


pretty much what I said a few days ago.

 

Dogecoin (a competing digital currency) is sponsoring a car at Talladega next weekend

<iframe class="imgur-album" width="100%" height="550" frameborder="0" src="http://imgur.com/a/WVZNJ/embed"></iframe>

 

<iframe width="560" height="315" src="//www.youtube.com/embed/jy3MiE-VfyY" frameborder="0" allowfullscreen></iframe>

 

<iframe width="560" height="315" src="//www.youtube.com/embed/Kgzu-QwzW3M" frameborder="0" allowfullscreen></iframe>

 

Just got Josh Wise voted into the All-Star race over Danica Patrick (and others), too. Hilarious. Amazing exposure for Dogecoin.

 

this might be the best explanation of Bitcoin created to date

<iframe src="//player.vimeo.com/video/94697840" width="500" height="281" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>

 

BRICS attempting to dedollarize the world as fed keeps printing to oblivion

 

DISH Network becomes largest company to accept Bitcoin

http://abcnews.go.com/Technology/wireStory/dish-largest-company-accept-bitcoin-23908889

The real question is will DISH charge less for people who pay in Bitcoin. Otherwise, the incentive for customers to part with their Bitcoin will be low.

 

I honestly did not expect it to hit $600 this soon. I'm not going to be trading anymore, but I did buy quite a bit (19.9) when it was down. My avg cost basis is $427, which is a pretty decent return in 2 months time.

 

Omw to the moon, brb

 

DISH is just trying to collect customers that are Bitcoin fanatics - they aren't trying to incentivize use of bitcoins and they are not trying to get anyone to part with their bitcoins. All these companies that accept Bitcoins are immediately converting them to dollars - they have no interest in Bitcoin or holding it. They are just marketing towards the people that do.

Until companies want to actually hold bitcoins, they are not approaching it as a currency - they are just serving as the middleman for the person who doesn't want to bother converting the bitcoins to dollars and then buy something.

 

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Bitcoin won't work with the way these hoarders are hiding their nuts.

 

Expedia!

http://www.washingtonpost.com/blogs...ou-to-book-your-next-hotel-stay-with-bitcoin/

 

Bitcoin transactions are around 300m daily.. higher than western union and close to PayPal.

Hold onto your nuts