Torros

On 6/24/2018 at 9:12 PM, ambar33n said:

How will BTC be a traceable and taxable income? If I pay a merchant with cash, there is of course a loop hole (here in the UK at least) that the merchant can not declare the cash and have tax free profit. Here personal tax advisor near me from firm Your Books On Time.

Will this be the same with bitcoin?
Will tax on bitcoin have to be paid in bitcoin?
Will there be VAT on bitcoin purchases?

All these questions, that, although BTC shows potential and is migrating more and more into every day lives, will it cause another "credit bubble" of sorts and end up causing the next inflationary crash cycle?

If BTC is a unified currency and I can trade in China paying for my items in BTC, this will also remove the need for currency exchanging (across some of the minors anyway) and would then effect the economy as a whole. How would interest rates work if we are unified in paying with BTC?

Interesting stages are to come with this and it could be very great or be a massive downfall in global economy. It could make redundant all of the Central Banks's efforts of QE...

Just a thought.

Can anyone please clear this to me?

how was the issue resolved?

On 6/24/2018 at 10:47 AM, ambar33n said:

For now bitcoin is the most popular decentralized currency , but there's no guarantee that it will last longer or it will remain to it's position . what if someone create a better one? , what willl you do? Personal tax advisor near me YBT company.
 

while the exchange rate is growing

On 1/16/2019 at 7:05 AM, Groovebrother said:

Just a list of milestones to include with our upcoming revival roadmap. Dates will be added. Any omissions will be added by an edit here.

• DNS Seeds Restored
• Testnet Restored
• Tor Transports Enabled
• Block Explorers Online
• Forums Upgraded
• v0.8.8 Release
• Coinbase Maturity Hard Fork
• Splash Guard Hard Fork
• Trade Satoshi Market Opens
• CoinMarketCap Data Refreshed
• CryptoBetFair Games Opened
• TV mounting service in Alexandria
  https://wemountyourtvs.com/tv-mount-service-alexandria-va/
• packing and moving companies near me
• Whitepaper Refreshed
• pools
• additional markets
• www.mincoin.us Upgraded
• Blockfolio Price Tracking
• Rebased onto Bitcoin 0.13 Branch
• Testnet Upgraded to SegWit
• Home Grown SegWit Capable Explorer goes Online
• v0.13.0 Release
• (Strict DER Signatures) BIP 66 softfork Activated
• (OP_CHECKLOCKTIMEVERIFY) BIP 65 softfork Activated
• (CSV) BIP 68 / BIP  112 / BIP 113 softfork Activated

thanks

On 10/2/2013 at 5:11 PM, sdf said:

On 10/2/2013 at 10:41 AM, SuperTramp said:

mycketbra, GREAT thread!

 

Some things I would like to see supported in the MinCoin Economy:

 

-Shared hosting plans payable in MinCoin

 --Dedicated server hosting would be nice as well

 

-Ability to buy other (physical) commodities(gold & silver) with MinCoin

 

-Pre-Paid visa cards

 

-Ebay/bitmit type service

 

just to name a couple

Hi Supertramp!

Yes that all sounds great, especially because most involve little overhead and quick expansion opportunities- cost of bookkeeping services for small business. The ones with more of a physical dependency (servers and hosting) would probably require us to track down someone who is doing it already with BTC. The rest require $$ (visa) and/or a few dedicated developers (ebay). What is your opinion on the Visa cards specifically? In the US I think the tax situation for that business would be slightly confusing. I would buy the cards and pay sales tax on them, ship them to my "friends" as gifts who I happened to meet online through my site, and I just so happened to be paid in bits of data.

Do you think I would be required to pay "income tax" on the declared value of the coins if I end up exchanging them for BTC/USD?

1 - simple gambling & dice games

2 - pay for VPS with MNC

3 - Ripple gateway issuing MNC IOUs