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Showing 9 of 9 results by bitlegger
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Topic
Board Wallet software
Re: windows phone app
by
bitlegger
on 09/08/2014, 11:35:54 UTC
yes, it turns out there is no evil Microsoft conspiracy, not this time anyway. 

They (app developer not Microsoft)  fixed buggy app I mentioned in original post.  It now works fine. The problem is solved.
Post
Topic
Board Wallet software
Re: windows phone app
by
bitlegger
on 07/08/2014, 19:28:31 UTC
actually, I believe there was someone complaining about Microsoft rejecting their app here:

http://www.reddit.com/r/windowsphone/comments/1ahavh/microsoft_rejected_my_bitcoin_wallet_app_how_long/

I am now beginning to believe in Microsoft conspiracy against Bitcoin. They probably have nefarious plans of developing their own cryptocurrency
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Topic
Board Service Discussion
Topic OP
Overstock - positive experience
by
bitlegger
on 07/08/2014, 19:19:59 UTC
just another example of why Bitcoin is the best way of conducting on-line business:

I made a purchase from Overstock and mistakenly overpaid using bitcoin. One chat session and one e-mail and the issue was resolved within hours, they quickly found the transaction, and refunded excess payment amount which is again immediately available for spending

when something like this happens with credit card payment it takes weeks to completely resolve and takes several phone calls at least
Post
Topic
Board Wallet software
Topic OP
windows phone app
by
bitlegger
on 03/08/2014, 12:09:16 UTC
does anyone know what is happening with windows phone wallet apps?

I had two of those, one for coinbase and one for blockchain, and both worked beautifully until recently.

I had them uninstalled because I had to lend my phone to someone for a time and I did not want any trouble. 

now... I went to the store to reinstall and they are both GONE!

Coinbase support says they "do not offer" it.  Blockchain.info links this new (and improved) blockchain wallet app in the store,
but it is not working properly. When sending coin it ignores decimal point, so if I try sending 0.012 BTC it will actually send 12 BTC.
It is probably written by some rich dude who does not care about fractions of BTC

Funniest part is that there seems to be an old style blockchain wallet still in store on web site, it is only downloadable as a xap file, but I cant install it, says "your company app cannot be installed".

Looks to me like some Microsoft new policy.  Somehow they decided if it is available on iPod it should NOT be available on WinPhone.

I am seriously thinking about ditching this windows phone for good.  Do they make problems like this for Android users?
Post
Topic
Board Goods
Topic OP
sailboat for sale
by
bitlegger
on 15/05/2014, 01:05:17 UTC
Post
Topic
Board Economics
Re: IRS opens huge BTC long
by
bitlegger
on 08/04/2014, 12:07:22 UTC
I think IRS "ruling" is deliberate to control pace and direction of growth.  First property, then currency.

Will change as bitcoin ....


I think their motivation is less complicated. They simply bought some coin at $1000 and now they want to write off their own or their constituents loses.  Now for the first time there are millions of dollars in cap loses and IRS will take a big hit in tax revenue due to this ruling

noone will report gains but many people will report loses
Post
Topic
Board Economics
Re: New IRS rules for BTC as related to US Tax payers
by
bitlegger
on 08/04/2014, 03:59:00 UTC
I don't see how this is good news. I am not trying to troll here, I was just talking to people the other day and telling them my arguments for Bitcoin being around for a very very long time. I was really excited about Bitcoin.

But this is a deathblow. How will businesses keep track of what a coin was worth when they exchanged a good or service for said bitcoin? This Bloomberg article puts it perfectly

"Today’s IRS guidance will provide certainty for Bitcoin investors, along with income-tax liability that wasn’t specified before. Purchasing a $2 cup of coffee with Bitcoins bought for $1 would trigger $1 in capital gains for the coffee drinker and $2 of gross income for the coffee shop. "


Actually this is not a problem at all.  Recording transactions is what Bitcoin is all about.

It should be easy to establish base for a Bitcoin transaction.  It is all in blockchain.  All that is needed is a simple change to client software, and of course all U.S. citizens will have to report their Bitcoin addresses to IRS. 
There is absolutely no doubt I my mind, all patriotic U.S. citizens will dutifully do so.
Post
Topic
Board Economics
Re: IRS opens huge BTC long
by
bitlegger
on 08/04/2014, 03:21:02 UTC
...
In essence, the government is long the total US BTC holdings multiplied by the effective capital gains taxation rate. BTC goes up, they get more money. BTC goes down, they get less money. It's the same exposure as a long BTC position.
...


Ok well using this logic, the US Government has a long position on every stock, option, futures/forwards contracts, commodity, bond, etc. 

to have a position in something means to carry some risk.  this applies only to "investors".  extracting profit without carrying any risk is a form of theft, not an investment activity

US government is a thief, not an investor, they have no interest in anything, they simply confiscate profits.

if there are no profits they will simply increase debt ceiling - easy money

US treasuries is a pyramid scheme, the biggest one of all.  bigger than the Egyptian ones.
Post
Topic
Board Politics & Society
Re: Meanwhile in Ukraine... Revolution.
by
bitlegger
on 08/04/2014, 02:57:19 UTC
In 20th century the communism was the biggest killer
This is quite a controversial statement. USA threw the nuclear bomb on the citizens twice... Also they used chemical weapon and another weapon of mass destruction many times, while USSR never did anything like this.

actually, pinky is right.  In the good old 20th century starvation and forced labor killed a lot more people than WMD.