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-   -   The Bitcoin ATM looks really nice! (https://gfy.com/showthread.php?t=1107904)

dyna mo 04-28-2013 01:35 PM

Quote:

Originally Posted by epitome (Post 19601752)
I would say they do. Google any movie title, arrive at a file locker, slowly download a video and be presented with a way to speed it up drastically and download just about anything you want. If they know how to download a video from anywhere else they will know how to download from a file locker.

Right now Bitcoins may be a lot of hassle but if they keep progressing it will be as easy as buying a prepaid debit card, IMHO.

i thought you had to know how to connect up all the files and more, i wasn't aware you can just download and click watch.

it's been a while since i looked into all that though.

L-Pink 04-28-2013 01:40 PM

Quote:

Originally Posted by dyna mo (Post 19601700)
when shit hits the fan, the irs will take your stocks/investment portfolio/car/jewelry and sell them right? couldn't the irs seize an investment account and take the funds? wouldn't/couldn't they do the same with btc account?

The IRS has seized racehorses before. That doesn't mean if I owe taxes I can back a trailer up to an IRS building unload Seabiscuit for money owed.

.

dyna mo 04-28-2013 01:45 PM

Quote:

Originally Posted by L-Pink (Post 19601760)
The IRS has seized racehorses before. That doesn't mean if I owe taxes I can back a trailer up to an IRS building unload Seabiscuit for money owed.

.

i see what you are saying now. i said "would they accept" them i was actually wondering in a more general sense, for instance, if it came to it, would the canadian gov seize a bitcoin account and cash it out?

DWB 04-28-2013 01:47 PM

Quote:

Originally Posted by dyna mo (Post 19601748)

but i still wonder if they would seize a bitcoin account. sure they would right? of course. duh! right?

Historically, they take cash and things they can sell. If they can connect a Bitcoin account to you through an exchange company and you are using an online wallet or no wallet at all, it may be fair game, but I think right now it is too early for that. Maybe down the road once they catch up they would try something like that. And that is a big maybe.

The way to avoid that would be to keep 100% of your Bitcoins in an offline wallet. If they can't touch it, they can't take it.

dyna mo 04-28-2013 01:49 PM

Quote:

Originally Posted by DWB (Post 19601768)
Historically, they take cash and things they can sell. If they can connect a Bitcoin account to you through an exchange company and you are using an online wallet or no wallet at all, it may be fair game, but I think right now it is too early for that. Maybe down the road once they catch up they would try something like that. And that is a big maybe.

The way to avoid that would be to keep 100% of your Bitcoins in an offline wallet. If they can't touch it, they can't take it.

yup, the thing is, if they found a huge cache of cocaine, they are not going to sell it for cash to settle a tax bill. if they think bitcoins are just as stinky, they won't sell em, hell, they might not even let you sell them for cash to pay a tax bill right?

DWB 04-28-2013 02:05 PM

Quote:

Originally Posted by dyna mo (Post 19601764)
i see what you are saying now. i said "would they accept" them i was actually wondering in a more general sense, for instance, if it came to it, would the canadian gov seize a bitcoin account and cash it out?

If they can track it to you and put their greedy hands on them, I would lean towards yes.

DWB 04-28-2013 02:09 PM

Quote:

Originally Posted by dyna mo (Post 19601773)
yup, the thing is, if they found a huge cache of cocaine, they are not going to sell it for cash to settle a tax bill. if they think bitcoins are just as stinky, they won't sell em, hell, they might not even let you sell them for cash to pay a tax bill right?

Drugs are illegal. Bitcoin is not. As long as Bitcoin remains legal, I don't see why they would be treated any different than stocks you may own, or even a private coin collection they find out about. These tax goons are ruthless. That said, if someone is worried about it, keep them in an offline wallet and don't let anyone know you have them.

seeandsee 04-28-2013 02:14 PM

this is not serious

dyna mo 04-28-2013 02:19 PM

Quote:

Originally Posted by DWB (Post 19601787)
Drugs are illegal. Bitcoin is not. As long as Bitcoin remains legal, I don't see why they would be treated any different than stocks you may own, or even a private coin collection they find out about. These tax goons are ruthless. That said, if someone is worried about it, keep them in an offline wallet and don't let anyone know you have them.

yeah, it was kind of extreme comparison, eh, it occurred to me due to the article bc posted

Quote:

Originally Posted by BlackCrayon (Post 19601696)
doubtful. here is another article. this one talks about canadian bitcoin exchangers having their bank accounts shut down one by one. seems they are concerned about money laundering.
http://www.montrealgazette.com/busin...729/story.html

but i'm just fart'n around what if'n....

PromoterX 04-28-2013 02:53 PM

What is the point if there will only be a limited number of BTC coins available? It better be able to adapt to cashing out LiteCoin or anything else that uses crypocurrency.

Dirty F 04-28-2013 02:53 PM

Quote:

Originally Posted by PromoterX (Post 19601831)
What is the point if there will only be a limited number of BTC coins available? It better be able to adapt to cashing out LiteCoin or anything else that uses crypocurrency.

Huh what?

PromoterX 04-28-2013 03:54 PM

Quote:

Originally Posted by Dirty F (Post 19601833)
Huh what?

Look up "BTC 21 Million". Let me know when you figured it out.

Dirty F 04-28-2013 04:10 PM

Quote:

Originally Posted by PromoterX (Post 19601901)
Look up "BTC 21 Million". Let me know when you figured it out.

Uhm yes i'm obviously aware of this.
And obviously you aren't aware a bitcoin looks like this: 1.00000000
Let me know when you figured out why that is.

Vapid - BANNED FOR LIFE 04-28-2013 04:18 PM

It is for a million dollar valuation. :thumbsup

Dirty F 04-28-2013 05:12 PM

Did you figure it out yet?

dyna mo 04-28-2013 05:21 PM

http://i.imgur.com/IZIlkvO.jpg

baddog 04-28-2013 05:37 PM

G6000 sounds impressive

mrthumbs 04-28-2013 05:38 PM

Frank: any idea how can i disable these annoying Thread Previews GFY seems to have integrated on mouseovers?

Dirty F 04-28-2013 05:41 PM

Quote:

Originally Posted by mrthumbs (Post 19602014)
Frank: any idea how can i disable these annoying Thread Previews GFY seems to have integrated on mouseovers?

Uhm no. Weird question. Hehe.

baddog 04-28-2013 05:46 PM

Quote:

Originally Posted by L-Pink (Post 19601523)
"Hotel Del Coronado in San Diego" Sort of an odd choice to place one if you ask me. (which no-one did, I know)


.


That is a pretty upscale place; I'd be surprised if any of their clientele knew what bitcoins were. :2 cents:

Quote:

Originally Posted by 2012 (Post 19601540)
. . . . i like money

Idiocracy


Quote:

Originally Posted by BlackCrayon (Post 19601580)
interesting article about how the cra (canada revenue) is going to tax bitcoins. apparently they seem to think even when you exchange bitcoins for items, they should be taxed and paying capital gains/losses on the fluctuation of price.

http://www.cbc.ca/news/business/stor...tcoin-tax.html

Tax high, sell low

Quote:

Originally Posted by dyna mo (Post 19601656)
since they are taxing them, i wonder if they are accepting them for tax payments.....

They tax illegal drug income; don't think they accept drugs as payment

Quote:

Originally Posted by dyna mo (Post 19601700)
when shit hits the fan, the irs will take your stocks/investment portfolio/car/jewelry and sell them right? couldn't the irs seize an investment account and take the funds? wouldn't/couldn't they do the same with btc account?


Probably; doubt you will get market value though.

FingerPrinter 04-28-2013 06:40 PM

Quote:

Originally Posted by dyna mo (Post 19601723)
does the average schmoe even know how to use a filesharing site? i don't, i know it's a matter of looking up the instructions or whatever, but i couldn't be bothered.

i really don't see a sophisticated crypto-currency FACILITATING new illicit transactions. it's not anonymous ultimately. especially cashing in and out.

maybe it will be at some point, but i'm just guessing like everyone else is right now.

The fuck are you talking about you fucking clown? Of course the average schmoe knows how to use file sharing sites you fucking idiot :1orglaugh:1orglaugh:1orglaugh Filesharing sites are THE MOST POPULAR SITES ON THE INTERNET YOU FUCKING DIMWIT

Jesus christ the fucking goofball morons on this forum stop at nothing to be as ignorant as they possibly can

dyna mo 04-28-2013 07:08 PM

yup. it was a stupid question. hadn't really thought about it since i don't mess with it :)


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