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Saturday, January 21, 2017

#bitcoin channel featuring Diablo-D3, midnightmagic, piqure, mryandao, Xanather, intx,

midnightmagic 2017-01-20 23:45:24
Seriously. Use Tor or some kind of VPN when visiting that site or the other related sites.
TheButterZone 2017-01-20 23:46:08
internet condom
mryandao 2017-01-20 23:46:28
TheButterZone: that'd be a very effective way at marketing Tor.
Xanather 2017-01-20 23:46:31
midnightmagic, you're still attacking them saying they stole your information when you cant prove it
mryandao 2017-01-20 23:46:33
to raise Public Awareness
mryandao 2017-01-20 23:46:40
Deanonymization == AIDS
midnightmagic 2017-01-20 23:47:09
Xanather: Stole it? No, just shared it with someone who was willing to attempt to mock me about it directly in IRC.
Xanather 2017-01-20 23:47:23
LOL
midnightmagic 2017-01-20 23:47:59
Notice, however, that I have quite happily agreed that it is not something I can prove if you are willing to assume I will just falsify some logs.
Diablo-D3 2017-01-20 23:48:30
I have witnessed the greatest thing ever
midnightmagic 2017-01-20 23:48:36
This, however, is different from asserting it is so inconditionally, in the absence of any other facts which demonstrate what I say otherwise is true.
Diablo-D3 2017-01-20 23:48:38
https://www.youtube.com/watch?v=ZJNDP_HTFp4
piqure 2017-01-20 23:48:39
^^^ WARNING: any URL may lead directly or indirectly to COIN-STEALING MALWARE! ^^^
Xanather 2017-01-20 23:50:23
I believe what you said, which was "someone guy got my IP, therefore bitcoin unlimited"
midnightmagic 2017-01-20 23:52:04
Xanather: No I didn't. I said, "via a method I'll refrain from explaining fully so I can keep doing it, some cowardly shit popped in and told me stop using my Finnish IP."
midnightmagic 2017-01-20 23:52:26
*recognizing it
mryandao 2017-01-20 23:52:31
midnightmagic: why would said cowardly shit care about you using your Finnish IP?
midnightmagic 2017-01-20 23:54:25
mryandao: Why else? Isn't it obvious? lol They don't care about that at all.
joobz 2017-01-20 23:57:52
hey guys
joobz 2017-01-20 23:58:03
what do u think bitcoin needs to really take off
joobz 2017-01-20 23:58:11
it seems to sorta flounder around
joobz 2017-01-20 23:58:18
not really taking full traction as yet
joobz 2017-01-20 23:58:24
and its beenmany years now
Xanather 2017-01-20 23:59:34
joobz, more transactions per second, via SegWit or larger blocks
joobz 2017-01-20 23:59:59
u reacon it's transaction time that's the issue?
intx 2017-01-21 00:00:31
an incentive large enough to use bitcoin that even the old people resistant to change will have to adopt bitcoin for
midnightmagic 2017-01-21 00:01:02
joobz: Just time.
intx 2017-01-21 00:01:12
that works too :)
joobz 2017-01-21 00:02:31
i duno
joobz 2017-01-21 00:02:39
i run a business
midnightmagic 2017-01-21 00:02:46
Which business?
joobz 2017-01-21 00:02:49
i pay some guys who work for us
joobz 2017-01-21 00:02:54
i would love to pay them with bitcoin
Xanather 2017-01-21 00:03:01
joobz, it's not really about transaction time, no matter how many people are using bitcoin the transaction count per second is capped, in the real economy the cost of using something rises if its supply is fixed (quota), you can see that with bitcoin fees.
joobz 2017-01-21 00:03:03
but legally in austrlaia it's a pita to do
joobz 2017-01-21 00:03:04
have ot track it
joobz 2017-01-21 00:03:11
it's not considered a currency
joobz 2017-01-21 00:03:17
so capital gains is relevant
joobz 2017-01-21 00:03:19
it's a pita
joobz 2017-01-21 00:03:27
midnightmagic, an IT consultancy
midnightmagic 2017-01-21 00:03:59
you.. have to track all payments to employees for tax purposes, don't you?
joobz 2017-01-21 00:05:16
yes
Anduck 2017-01-21 00:05:20
i guess there are VAT problems
Anduck 2017-01-21 00:05:31
capital gains/losses etc too
joobz 2017-01-21 00:05:31
but also in australia
joobz 2017-01-21 00:05:38
bitcoin was ruled to not be a currency
joobz 2017-01-21 00:05:53
so if you hold bitcoin across a financial year, you have to pay capital gains on it
joobz 2017-01-21 00:06:00
which is alot..
midnightmagic 2017-01-21 00:06:27
.. you have to pre-pay on non-sales events for commodity ownership?
intx 2017-01-21 00:06:44
are you saying if I bought 1 btc at 1000 AUD, and sold it for 1000 AUD the next year, I'd have to pay capital gains in Australia? I'm not sure how capital gains works in Australia but it is certainly not how it works here
midnightmagic 2017-01-21 00:06:45
Must be rough to pay capgains on jewelry.
midnightmagic 2017-01-21 00:07:20
intx: The implication appears to be pre-payment *without even any sales events*.
midnightmagic 2017-01-21 00:07:39
He didn't say anything about selling. Just "hold" "across a financial year"
mryandao 2017-01-21 00:08:59
joobz: afaik, the tax legistation was recently updated.
mryandao 2017-01-21 00:09:35
CGT is no longer required to be payable on bitcoin sales.
midnightmagic 2017-01-21 00:10:00
mryandao: Is it just an income event like digging gold out of the ground or buying then selling antique chairs?
mryandao 2017-01-21 00:10:47
i'll check. my memory on this matter is somewhat fuzzy.
mryandao 2017-01-21 00:11:19
because last time I read, apparently the government and the tax office had different positions on this matter
midnightmagic 2017-01-21 00:11:19
Eh, don't worry about it. I'm done venting my spleen anyway.
joobz 2017-01-21 00:11:32
the ATO says it's not a currency
joobz 2017-01-21 00:11:36
and that there's capital gains
joobz 2017-01-21 00:11:42
duno what the gov say
joobz 2017-01-21 00:11:49
gotta run though
joobz 2017-01-21 00:11:51
cya guys
mryandao 2017-01-21 00:12:48
at least the government is now smart enough to realize that using bitcoin to transact would lead to a double-GST event
midnightmagic 2017-01-21 00:14:41
Should just qualify as a barter event, which means a straight realization of value on the part of the owner in terms of differential to purchase to acquisition (and on the part of the receiver for whatever it is they gave back)
mryandao 2017-01-21 00:14:49
right now its a barter event
midnightmagic 2017-01-21 00:15:04
I'm pretty sure it's the same in Canada.
mryandao 2017-01-21 00:15:41
but the government claims that they are working to legislate bitcoin as some kind of Foreign Currency.
mryandao 2017-01-21 00:16:13
sales of bitcoin attracts sales tax though
mryandao 2017-01-21 00:16:14
@.@
cannon-c 2017-01-21 00:16:16
governments can do what they want, but what they say does not matter.
cannon-c 2017-01-21 00:16:43
By decentralized it cannot be controlled by single adversary
mryandao 2017-01-21 00:17:16
Fiat -> Digital Currency is still a barrier of entry for the commons
cannon-c 2017-01-21 00:17:43
Excessive regulations will only partition society into two parts, regulated, then underground industry.
cannon-c 2017-01-21 00:18:08
While underground industry and black market thrives, the regulated industry will suffer due to binding itself to compliance to government
cannon-c 2017-01-21 00:18:39
and no need to say what side will survive,
cannon-c 2017-01-21 00:19:28
but the more decentralized crypto tech expands, the more empowered one side becomes, and the weaker the other side becomes
cannon-c 2017-01-21 00:20:02
then soon the archaic centralized government systems ease to exist due to being irrelavent
mryandao 2017-01-21 00:20:15
that spiralled quickly