Chat archive · 2018-01

I am all skill

You are looking at me as though bit mining is my only source of income

I own several businesses that receive cash transations daily

I also work indirectly for the goverment

I made $145 in less than 5 minutes of labor for a government funded company that you all know.

this morning

And it is time to go make another $145. right now so I will be back in about 1/2 hour. by for now. (4 minutes work but 20 minutes commute)

Life is good!

AppleMiner wrote: The bank or its parent must notify the person who made the transaction that he’s been identified in the report,

Apple, not sure where you got that paste but I have never been notified and deposits total way more than 10k every month

Freedom is when government is afraid of it’s people, Tyranny is when the people are afraid of their government

Last I checked we voted for capitalist freedom where cah is king, And we voted out the tranni .. I mean tyrant. Our new leader has already abolished the US Sharia tax imposed by the antichristian marxist. (healthcare mandate of IRS fine for not buying health insurance)

I can tell, Its okay, eventually you will learn

Nothing is free, the DR gets paid

Yes we are the greatest country on earth, as in most successful where the people have the most freedoms. We are that for a reason

French airport bombed, freance concert mass murdered, police do not respond to certain ghettos etc

Switzerland is not socialist as far as I know, Canadians cross the border for healthcare to avoid 6 months wait in line

There is a SEVERE mental health problem in US, ever since they closed the mental instatutions, and almost every one of those movie, nightclub shooters took the very same antidepressant

Go to socialist venezualla and eat your dog to survive, then yes you will learn

Did linxcoin have some issue -- not paid yet today on that coin.. I have 25 buck wrapped into that big boy!

Go to communist China and be murdered by your own govermnet for speaking out in the town square then you will learn

Go to North Korea and be forced to eat your superior actual shit, then you will learn

That is exactly why they want to be in bitcoin in venezyualla , because their cash is now worthless due to socialisim

Close enough in actuality out outcome ... although techincally different.

is all the same

you too Apple, That is exactly what every socialist will do, run away from conversation they know they have lost

peace Apple, no hard feelings! Always appreciate your bitcoin advice.

The different between a truly communist state and a fully socialist state is academic minutia.... but yes... "different"

The very first thing a tyrant will do to a free country is take away their freedom of speach and their guns.

Adolf Hitlet was a socialist

Having three grad degrees... (and lover of history - I wanted to get an PhD but wife said i had to make money) .... there is little difference outside the textbook. The problems in Venezuela and Russia a week before the fall are nearly identical .

I agree that there are levels of communism marxism socialism and Nazism it is a long slow torture but all are the same path

they all converge on the same path. Oppression of the people an eventual bankruptcy.

they all converge on the same path. Oppression of the people and eventual bankruptcy.

3Moose wrote: they all converge on the same path. Oppression of the people and eventual bankruptcy.

Exactly

Death under starvation in socialism, or death under starvation in communism, still leads to.... death.

Sorry to override chat with politics! I just wanted to bring attention to this proposed bill A BILL To amend the Internal Revenue Code of 1986 to exclude from gross income de minimis gains from certain sales or exchanges of virtual currency, and for other purposes. 1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 3 SECTION 1. VIRTUAL CURRENCY. 4 (a) IN GENERAL.—Part III of subchapter B of chap5 ter 1 of the Internal Revenue Code of 1986 is amended 6 by inserting after section 139F the following new section: VerDate Sep 11 2014 21:46 Sep 14, 2017 Jkt 069200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H3708.IH H3708 asabaliauskas on DSKBBXCHB2PROD with BILLS 2 •HR 3708 IH 1 ‘‘SEC. 139G. GAIN FROM SALE OR EXCHANGE OF VIRTUAL 2 CURRENCY. 3 ‘‘(a) IN GENERAL.—Gross income shall not include 4 gain from the sale or exchange of virtual currency for 5 other than cash or cash equivalents. 6 ‘‘(b) LIMITATION.— 7 ‘‘(1) IN GENERAL.—The amount of gain ex8 cluded from gross income under subsection (a) with 9 respect to a sale or exchange shall not exceed $600. 10 ‘‘(2) AGGREGATION RULE.—For purposes of 11 this subsection, all sales or exchanges which are part 12 of the same transaction (or a series of related trans13 actions) shall be treated as one sale or exchange. 14 ‘‘(c) VIRTUAL CURRENCY.—For purposes of this sec15 tion, the term ‘virtual currency’ means a digital represen16 tation of value that is used as a medium of exchange and 17 is not otherwise currency under section 988. 18 ‘‘(d) INFLATION ADJUSTMENT.—In the case of any 19 taxable year beginning in a calendar year after 2018, the 20 dollar amount in subsection (b) shall be increased by an 21 amount equal to— 22 ‘‘(1) such dollar amount, multiplied by 23 ‘‘(2) the cost-of-living adjustment determined 24 under section 1(f)(3) for the calendar year in which 25 the taxable year begins, determined by substituting VerDate Sep 11 2014 04:09 Sep 12, 2017 Jkt 069200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H3708.IH H3708 asabaliauskas on DSKBBXCHB2PROD with BILLS 3 •HR 3708 IH 1 ‘calendar year 2017’ for ‘calendar year 1992’ in sub2 paragraph (B) thereof. 3 Any increase determined under the preceding sentence 4 shall be rounded to the nearest multiple of $50.’’. 5 (b) CLERICAL AMENDMENT.—The table of sections 6 for part III of subchapter B of chapter 1 of such Code 7 is amended by inserting after the item relating to section 8 139F the following new item: ‘‘Sec. 139G. Gain from sale or exchange of virtual currency.’’. 9 (c) REPORTING OF GAINS OR LOSSES.—The Sec10 retary shall issue regulations providing for information re11 turns on virtual currency transactions for which gain or 12 loss is recognized. 13 (d) EFFECTIVE DATE.—The amendments made by 14 this section shall apply with respect to transactions en15 tered into after December 31, 2017.

That’s a lot of words....

Is the actual bill

Ok, let me read it. Do you have a bill number?

Well...if 600 is the limit... then... I’m out.

thats at least an improvement.

H.R.3708 - To amend the Internal Revenue Code of 1986 to exclude from gross income de minimis gains from certain sales or exchanges of virtual currency, and for other purposes.

thanks.

600 per transaction so if you get paid in 10 coins a day at PH for $500 each then no tax reporting, AS apple noted you would still likely be responsible for the capital gains on the total at the end of the year.

My argument is that they are coins not cash like monoppoly money. There should be zero capital gains until you actually convert to US dollars, that is up for rebuttal of course

I have never converted a single coin for cash, I tried but PH/coinbase lost the transaction of about $50.

you make a lot of assumptions apple.

Ive been in crypto less then 60 days

well my saber is more powerful than yours so...

All crypto respect to you apple, you have way more experiance and knowledge on the subject

Check this out Apple, it will help you understand better.... https://www.youtube.com/watch?v=JUDSeb2zHQ0

is anyone willing to help a complete novice

is the site off ??

Just a noob question. Bitcoin on coinbase=11677$, yobit=13200$. Isn`t it just to buy a bitcoin on coinbase, send it to yobit and sell?

Please brothers release my funds tonight that’s a lot of money and all the forums are filled out

solo mining appears dead. 3 miners not showing up