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Showing 6 of 6 results by Voltius
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Topic
Board Economics
Investing in/donating to small startups with bitcoins? Bitcoin based Kickstarter
by
Voltius
on 04/06/2011, 19:33:35 UTC
Would you guys invest in a small business using bitcoin? What's your opinion?

With bitcoins you wouldn't have to worry about current regulations that angel investors have to follow. (must have at least $1million in assets, must have a certain income level...)

The legal question is => if you invest in the business with bitcoin, and the business converts it to USD, in order to avoid some serious shit hitting the fan later on, the business should pay taxes on the exchange, yes?

Post
Topic
Board Bitcoin Discussion
Re: How BitCoin Can Benefit The US Government. (add to the list)
by
Voltius
on 31/05/2011, 20:29:17 UTC
In that case, thank you for replying, you've resorted my faith in Bitcoin.
Post
Topic
Board Bitcoin Discussion
Re: How BitCoin Can Benefit The US Government. (add to the list)
by
Voltius
on 31/05/2011, 19:08:22 UTC
lol, suddenly that theory about the government being the one who made BitCoin doesn't seem so crazy.

If I buy something from someone's website using BTC and they mail it to my address, the authorities could subpoena the seller to release my bitcoin address and then they can connect me with the address, yes?

Yes, except they could do the same thing if you used a credit card, except with less hassle.

Ah, but I can use a credit card with less hassle than bitcoin in the first place. To which someone will reply with "but with bitcoin no one can inflate the currency or control it". And I will reply with, "what's the point of using a currency that people only invest in so they can get rich quick, can't use to pay their bills, isn't any more anonymous than cash, and constantly deflates so much that if you actually USE bitcoin to sell products, you have to re-adjust your prices every 2 days because the value changed so much over the last 48 hours."
Post
Topic
Board Bitcoin Discussion
Re: How BitCoin Can Benefit The US Government. (add to the list)
by
Voltius
on 31/05/2011, 18:50:42 UTC
lol, suddenly that theory about the government being the one who made BitCoin doesn't seem so crazy.

If I buy something from someone's website using BTC and they mail it to my address, the authorities could subpoena the seller to release my bitcoin address and then they can connect me with the address, yes?
Post
Topic
Board Bitcoin Discussion
How BitCoin Can Benefit The US Government. (add to the list)
by
Voltius
on 30/05/2011, 08:31:51 UTC
1) "Anti-gay" Republicans can pay for male prostitutes anonymously.
2) Donations to campaigns can be hidden.
3) Oil Companies can buy congressmen more easily and with less public knowledge or interference.
4) The Pentagon can "unaccount for a.k.a. lose" billions of dollars more efficiantly.
5) Total National Deficit can be hidden.

Added 2 more:

6) The wealthy no longer need a swiss bank account.
7) "Tax cuts" for everyone! Yay!
Post
Topic
Board Bitcoin Discussion
Re: Gavin will visit the CIA
by
Voltius
on 30/05/2011, 08:22:01 UTC
The US Government should love Bitcoin, Now anti-gay Republicans can pay for male prostitutes anonymously. And Oil companies can brib...I mean... Donate to legislators without anyone knowing.