If I transfer BTC into my Coinbase account from a personal wallet, and then sell my BTC for Fiat/USD... am I subject to tax obligation?

If yes, how much? In other words, what type of taxation am I subject to?

Intuition says there is no tax, for this is not income, is this true?

Hey you guys deleted my blog....

I put real effort into that article and didn't take a backup. Damn.

Hi

Surely this is not a new question, but I did not know what to search, so I apologize if this is a repeat. That said, I am hoping someone can shed some light on how bitcoin would behave in a hypothetical future scenario:

1. Consider a scenario in which the internet no longer exists, in that it has been broken up due to some sort of strife causing the internet backbone and ISPs to no longer work. Probably we won't have electrical grid either, but many crypto-minded people I know are prepared for this.
2. Say these people, members of their respective communities, create their own networks, effectively creating an internet (or intranet) for their own communities. From here they can serve their community many services. i.e. backups of wikipedia, provide various services, entertainment, cell service via open source solutions, etc.
3. One of the many services these communities can and will probably implement, is bitcoin, and they continue to mine blocks.
4. Many of these communities exist, and thus, many independent bitcoin chains (forks I guess?) with different histories.
5. Some years later, the internet backbone is re-enabled, and these bitcoin nodes across all these disparate communities now can reach each other.

What happens? Does the "longest chain win" and thus all communities, except that which had the longest chain somehow, are now considered untrue -- effectively reversing the transactions of all communities that reunify except the one that happened to have the longest chain?

Is there a cryptocurrency that is better suited to this type of fragmentation->reunification series of events, or does bitcoin handle this?

Another way to put it is how would these disparate bitcoin merge multiple histories and provide a managed way to deal with those "merge conflicts" ?

It seems to me that once fragmented, nodes should never re-unify, and should instead trade against each other on some market. i.e. BTC-CommunityX and BTC-CommunityY would have to both exist independently... but what if you're not an expert at blockchain and you're just the community member standing up all these services and bitcoin just happens to be the solution you went for, and suddenly the network reunifies, all your history is suddenly lost?

Thank you.

edit: fixed a run on sentence

haha nice

it's actually funny because i can see airports being first to implement anonymous crypto transactions as a standard point of sale thing

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i am interested in the API when it is available. i hope i interpreted the white paper correctly

this is a great idea! I will follow you closely. wishing you the best of luck!

i would love to access this from an API so i dont have to do all the work, and just pay you as a service like Amazon AWS

They hooked me up with a pretty nice wordpress site -- very cool. I made my first post today about creating blockchains/altcoins responsibly and purposefully http://phosphor.bitsense.biz/creating-chains-responsibly-and-with-purpose/

it sounds a bit like dragonchain, which is interesting. curious to see what kind of software you release

cool. I signed up. it's basically a google form - i guess they will contact later.

i could probably write some content because i'm doing a fairly diligent exploration currently. for better or for worse cryptocurrency has become a rather large cornerstone of my life in the last few months despite my swatting it away back in 2013, and again during this recent cryptomania, but it appears too important to ignore at the moment...

anyway i can probably participate and tell my perspective and put some technical content on there as I learn things.

curious to understand your model better and wish you the best of luck. hope it's not bullshit because your idea is pretty nice for content creation / creativity purposes. your pitch makes me a little bit wary but i'm open-minded and will feedback when i get a response to the google form submission.

Doesn't this commit https://github.com/nToken/ntoken-core/commit/ec464466b9aabffee916697df0a9788b52d2b980 make the chain inherently insecure?

hey guys don't waste time trying to mine this... absolutely unmineable



i got no answer

is is possible to mine this? I see quark there but the reward breakdown seems to be masternodes and "staker" -- but how do you get the coin in the first place then?

Thanks dudeperfect and tokexchain

I actually just finished going through all the earlier links I was given so thank you for the new resources!

After failing to quit using "pure willpower", vaping, and even Chantix, I managed to succeed using an audiobook called Alan Carr's Easy Way to Quit Smoking. Worked very well and after a 6 hour listen-through the whole book -- I had been completely turned against the idea of smoking another cigarette.

The ideas in the book stayed with me, and even though I've smoked socially at a bar here and there on occasion, I've never become a "smoker" again, and it's been about 3 years since I was.

the original post appears blank for me nevermind it's just a giant image so it took time

This thread caught my eye and of course I won't read through it, but I want to offer my opinion.

I don't "hate islam" but I do "hate" deception and deceptive people.

In islam there is this act called taqiyya which is basically permission from the holy book to lie -- so right out of the gate when dealing with a muslim, you're dealing with a potential liar.

A recent example of this can be seen in this recent interview https://www.youtube.com/watch?v=L1KBpNyL1f4

Islam also changed the culture of Iran in recent times, and has turned its people into liars... This is evident when comparing individuals whose parents fled iran during the revolution to their counterparts whose parents could not flee.  The western individuals are much more honest and trustworthy compared to their iranian counterparts. The reason is how deception is part of the way of life in islamic countries (the revolution made Iran "muslim" and so everyone had to form their deception skills... their deception skill is so well-tuned that they don't even know they've become serial liars, lying about the dumbest shit). It's really sad, but I think taqiyya and simply not valuing honesty and integrity are corrupting aspects of Islam and is a key reason why Islam needs to be kept at bay.

yes, people have been very welcoming, and thank you

i am also gonna comment!

thank you for restoring sanity