Pic attached

http://i.imgur.com/9vBmmxW.png

It's HMRC (UK equivalent of the IRS) that people need to be worried about. The fact is, thousands of people are already dodging paying taxes by dealing in BTC. Whether they're buying/selling BTC for profit, or simply buying hashing power as an investment for profit, the fact is that thousands of UK nationals are now tax evaders.

Did you know that buying hashing power, and getting PROFIT from it, is taxable?

The government wants their slice of the cake. I'd expect tighter and stricter regulation soon. I wouldn't be surprised if the UK/USA haven't already developed software to start tracking the blockchain and uniquely identifying individuals/businesses.

Think about.. The government buys a laptop from Dell, and associates that BTC address to Dell. Any transactions from that address probably belong to Dell. It won't take long before the government has a pretty accurate record of what addresses Dell owns. If they suspect even the slightest bit of tax fraud, they can take legal recourse to initiate a tax investigation/audit.

Tomorrow, the UK & USA decide to make investing in Bitcoin illegal, punished by life imprisonment.

Suddenly, Bitcoin crashes and becomes obsolete. Government wins.

Just because you think it would be unethical to do so, doesn't mean that the Government CAN'T and WON'T do something so dramatic.. I'll expect to see very strict regulation when companies start dealing in BTC more frequently and the governments catch wind that companies aren't paying tax. I expect that companies will be required to publicly disclose all bitcoin addresses they own to the government - and so the government will get involved.

I think that I'd finally realize that I should stop investing in things that don't deliver concrete returns (like ISA's and savings accounts).

I'm hoping Bitcoin is the high risk/reward investment I've been wishing for.

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The problem is, nobody is going to trust you with their hard earned cash (coin) without publicly available information - and that ultimately is where this project will die.

To even give me an incentive, you need to:

1) Invest in your "project" - hire a web developer, create a secure storage network and prove it's secure.
2) Publicly display your contact information - create a company, list who you are, where you are based, your background.
3) Show proof that 5-years from now, you won't be arrested for illegally operating as an international bank.
4) Your policies - how are you going to deal with money laundering? Criminals will store bitcoins in your "bank" - what is your approach to targeting these criminals and reporting them to law enforcement? (It's your duty).

The list could go on, and on, and on.

It'll also be your downfall when you experience bad luck variation that occurs at a probability rate of 0.00001% - but it'll happen.

On other news, I find myself trading Hashnest GH/s. Always been pretty good for me - as long as you know when to exist the market (UMISOO / S2 being the example today).

Swearing is fine in the context it it used. Swearing actually instills emphasis - which is useful in some forms of context.

Personally, I think USD > BTC is a risky market, there's lots of downwards and upwards swings with no real control over the outcome. We could enter into a "BTC Recession" where it sits at $150-$160 for a year. All those who bought in above $160 will be in limbo - earning nothing, eagerly awaiting the next rise. The rise will happen, but it's time vs money. The longer you sit in limbo, the less your money works for you.

I invest, but I choose Hashnest as my platform - which I'm sure you're all familiar with. I forget completely about the USD I've invested into BTC - it doesn't matter to me. I consider my USD investment to be lost. Whether BTC's price rises or falls compared to USD is irrelevant for me, unless it dictates how I invest.

I use BTC as the currency to invest. I'm looking to invest 1 BTC to return 1.1 BTC. How much 1.1 BTC translates into USD value - I really couldn't care. I'm here for a 20-30 year span, looking for a very long time rise.

An example trade I did today: Invest in Hashnest S4's at 0.00072 and sell at 0.00078. When you're buying 3+ TH/s, the returns are actually quite hefty.

0.00072 x 3,000 (TH) = 2.16 btc
0.00078 x 3,000 (TH) = 2.34 btc

The only real value USD has here, is calculating the profitability of the S4 Miner. As the BTC price dropped dramatically over these past 4-5 days, people panic sold their S4 hashing power thinking it would reach the non-profitable region in terms of electricity+maintenance. At one point, I was able to pick up S4 hashing power at 0.00069.

As we speak right now, S4 hashing power is sitting at 0.000794. I expect this to rise to 0.00085 - 0.00090 quite soon, once the BTC>FIAT market enters a bullish trend; which it will. Today is the starting point.

The best thing about investing in Hashnest, is that your hashing power WORKS FOR YOU while you're waiting for the market to move. If you buy in S5 hashing power at 0.00132, and the market drops and sits in limbo at 0.00131 for a week - then at least you're earning from your contract. Eventually, the market will peak or rise - and that's your selling point.

When you sell, you've accumulated the profit from your selling exit point, as well as the BTC earned from mining while you held.

I believe what I do is perhaps one of the safest and most profitable long-term investment strategies. If you're in BTC for the next 5+ years, then forget about the USD price. Forget about how much you've invested, forget about the real world value now, and focus on increasing your total BTC count.

For the record, I invested in BTC roughly 3-months ago, and I've already tripled my investment (300%). I started off trading 200 GH/s. Now I'm trading 5,000 GH/s+.

What's my long-term plan you ask? Bitmain will be bringing either the S5+ or S7 to Hashnest pretty soon I'm sure. It's about trying to identifying when they are bringing it, and selling your assets before the mass market gets word of it. Once you've sold, hold until the new miners come out, and invest like hell. The idea here would be to hold for many months - letting the miners generate an income which you reinvest.

From my side, I've bought in at the low prices and dumped it all into Hashnest buying S5 hashing power while the market was cheap.

I did the same thing earlier today. Bought a crap-ton of S4 hashing power at 0.00072. I sold it 4-hours later at 0.00078. People are panicking. Buy in low, sell for higher - it works on any platform.

Question is.. When will you find the next block?