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Showing 6 of 6 results by FreshThought
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Board Bitcoin Discussion
Getting the US to be open to Blockchain/BTC discussion
by
FreshThought
on 03/11/2017, 18:59:10 UTC
I am a Congressional candidate in California who is passionate about progress and embracing new innovation/ways of doing things, I am inspired by this community and its passion to reinvent how can use the power of people to generate greater checks and balances -- especially when it comes to security. See my website statement at the bottom of this post.

It's important that we have leadership that listens to all communities and is constantly seeking innovative paths forward (including the possibility to reduce costs and increase the quality of financial transactions - similar to how the internet advanced communications). While the progress may not be immediate, I am excited to be more knowledgeable and represent these new possibilities in the US government.

"Deepening our security infrastructure in the areas of key public and health services, as well as encouraging numerous safeguards for our financial institutions, needs to be a regulated requirement in the handling of America’s wealth and well-being. In this key area of security, we should be actively supporting new innovations that embody this heightened level of security, such as cryptocurrency (BitCoin, etc.) that use advanced blockchain and peer-to-peer checks and balances."
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Topic
Board Bitcoin Discussion
Re: POLL QUESTION // US Congressional Candidate: Seeking Your Advice
by
FreshThought
on 02/11/2017, 20:57:18 UTC
Hi Michael. I am not a US citizen but I would like to commend you for what you are attempting. It is people like you that change the world to a better place. I think it wonderful to see you here. Please let us know when you are accepting those donations. All the best! It was lovely e-meeting you too.

Thank you for your encouragement and support. It will take all of us to keep our minds open to new ideas and listen to one another -- something that is sorely lacking these days. While I can't accept donations from anyone who is not a US citizen or permanent resident, I am excited to share the donation link (maybe even today). Any thoughts on the best way to share that link on a broader scale?

I have to ask for proofs of not coordinated scam.

Absolutely. Once I get everything setup, I'll share my official website, FEC ID #, etc. I appreciate the skepticism. It's healthy and a good thing. Can I share the details with you when everything is ready to go?
Post
Topic
Board Bitcoin Discussion
Re: POLL QUESTION // US Congressional Candidate: Seeking Your Advice
by
FreshThought
on 02/11/2017, 20:19:04 UTC
Hi Michael. I am not a US citizen but I would like to commend you for what you are attempting. It is people like you that change the world to a better place. I think it wonderful to see you here. Please let us know when you are accepting those donations. All the best! It was lovely e-meeting you too.

Thank you for your encouragement and support. It will take all of us to keep our minds open to new ideas and listen to one another -- something that is sorely lacking these days. While I can't accept donations from anyone who is not a US citizen or permanent resident, I am excited to share the donation link (maybe even today). Any thoughts on the best way to share that link on a broader scale?
Post
Topic
Board Bitcoin Discussion
Re: POLL QUESTION // US Congressional Candidate: Seeking Your Advice
by
FreshThought
on 02/11/2017, 20:02:11 UTC
Thank you so much for your thoughts. Really great points.

How are Bitcoin profits currently taxed? At the 15% capital gains rate (like stocks/mutual funds) or higher?
From this page: https://en.bitcoin.it/wiki/Tax_compliance
"The IRS issued guidance on the treatment of Bitcoin and other digital currencies in their March 2014-21 Notice. The notice clarified the position that the IRS treats digital currencies as capital assets and are therefore subject to capital gains taxes. Any disposition of these digital currencies, including trading and spending, is a tax event and capital gains must be calculated in USD."


I think it is important that you support, use and endorse Bitcoin even if you don't manage to make significant changes. Although I'm not a US resident (nor citizen), I sincerely hope you succeed.

Thanks for the link and the clarification on the IRS taxation policy, @Emoclaw. 
I'll share my bitcoin link and my website when I get everything setup. I appreciate your support.
Post
Topic
Board Bitcoin Discussion
Re: POLL QUESTION // US Congressional Candidate: Seeking Your Advice
by
FreshThought
on 02/11/2017, 18:52:41 UTC
Thank you so much for your thoughts. Really great points.

How are Bitcoin profits currently taxed? At the 15% capital gains rate (like stocks/mutual funds) or higher?
Post
Topic
Board Bitcoin Discussion
POLL QUESTION // US Congressional Candidate: Seeking Your Advice
by
FreshThought
on 02/11/2017, 18:07:36 UTC
I am a Congressional Candidate who is supportive of Bitcoin (wow - $7,000!) and very supportive of blockchain technology (unlike other candidates who I am running against). I haven't announced that my campaign will accept donations through BitPay (although currently operational) because I want to make sure I hear from the Bitcoin community first. This being one of the most active communities that I have found so far, any help would be much appreciated.

I am Michael, btw. Hello and nice to e-meet you all.