Strange link there, Bambi.
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Strange link there, Bambi.
Sharky, what do you make of the bitcoin phenomena?
Page two thousand eight hundred and nine.
Who is Satoshi Nakamoto? Continued:
'The most high-profile speculation to date came in a March 6, 2014, article in the magazine Newsweek,[30] when journalist Leah McGrath Goodman identified Dorian Prentice Satoshi Nakamoto, a Japanese American man living in California, whose birth name is Satoshi Nakamoto,[30][31][32] as the Nakamoto in question. Besides his name, Goodman pointed to a number of facts that circumstantially suggested he was the Bitcoin inventor.[30] In the article's seemingly biggest piece of evidence, Goodman wrote that when she asked him about Bitcoin during a brief in-person interview, Nakamoto seemed to confirm his identity as the Bitcoin founder by stating: "I am no longer involved in that and I cannot discuss it. It's been turned over to other people. They are in charge of it now. I no longer have any connection."[30] (This quote was later confirmed by deputies at the Los Angeles County Sheriff's Department who were present at the time.)[33]
The article's publication led to a flurry of media interest, including reporters camping out near Dorian Nakamoto's house and briefly chasing him by car when he drove to an interview.[34] However, during the subsequent full-length interview, Dorian Nakamoto denied all connection to Bitcoin, saying he had never heard of the currency before, and that he had misinterpreted Goodman's question as being about his previous work for military contractors, much of which was classified.[35] '
http://www.youtube.com/watch?v=BoboO6QPGow
'Later that day, the pseudonymous Nakamoto's P2P Foundation account posted its first message in five years, stating: "I am not Dorian Nakamoto." ' - wiki
There are even bitcoin A.T.M.s in the U.S.:
http://www.youtube.com/watch?v=ZqEdBCKFPAo
in Canada, in England:
http://www.youtube.com/watch?v=ea6jjLnwTjQ
in Hong Kong, etc.
Well, Bambi, I think it's kind of interesting how the price has fluctuated relative to the dollar. I wouldn't care to invest in it at the moment.Quote:
Originally Posted by Witis
vb6 is alive and well
According to some.
Not to me.
But to some I suppose.
Personally, I don't see why some people still use VB6 in most cases.
I see the argument for COM libraries, but other than that they're(the arguments) all unjustifiable.
So....how do you manage to double post where it matters and not in the Post Race?
What double post ;)
I'm thinking about writing a Basic4Html language rather than continuing my own language.
It would take BASIC like syntax and convert the source code to HTML5 compliant code.
Something like this:
Code:Dim h As Head = New Head
With h
.Meta.AddRange({New Meta With {.Name = "Author", .Content = "David"}, New Meta With {.Name = "Description", .Content = "Create super fast HTML5 code!"}})
.Title = "Foo Title"
End With
Me.Head = h
Thereby making my post look baffling.Quote:
Originally Posted by dday9
It sure is Sharky, the price of bitcoin does seem a bit depressed due to the closure of the Mt Gox exchange in Feb 2014.Quote:
Originally Posted by Shaggy Hiker
And there is always the possibility that the police will close the entire operation down at any time.
Long time no post race! :D
Was it mid 2013 when you last posted Pc Monk?
Why the police will close bitcoin down:
http://www.youtube.com/watch?v=si5k68W7AR8
They shouldn't close it down for being depressed. They should take it out, buy it a nice dinner, you know, make it feel loved.
So the initial rush of investing in bitcoin is wearing off and you want to put bitcoin on Prozac. The main problem is that the police can shut bitcoin down at any point in time effectively rendering them instantaneously worthless, meaning bitcoin and all of its imitators are likely to disappear as quickly as they appeared. They are even likely to make holding and trading bitcoins or equivalent pseudo currencies a crime. I don't imagine that any sized dose of prozac can fix that. :cry:
Which police force has the jurisdiction to do that Bambi?
If you look at the long-term value of bitcoin, it is still strong, but highly volatile. Makes for a wild ride as an investment.
Can I be Dumbo?
Your ears are too furry.
Are Elephants afraid of gerbils?
Is that a gerbil?
I suppose so.
Though I'm not entirely sure myself.
Hamster? Lop-eared rabbit?
I think it's a guinea pig but I wouldn't swear to it. Or at it.
Well, I'm not that familiar with them. Perhaps it's a New Guinea Pig?
Your local government/police. Once either the police or the government realises that it is fraud then they will move in and shut down the bitcoin exchanges, atms, operations, and investors in their country.Quote:
Originally Posted by Shaggy Hiker
Ah, but once you have high profile folks like Buffet warning everyone to stay away it clearly won't be very long before the police and governments step in. The ride could be over any second.Quote:
Originally Posted by Shaggy Hiker
If Buffet tells people to stay away then a lot of people will. However, the run-up in prices appears to have been driven by rich Chinese looking to....do something with money of dubious provenance.Quote:
Originally Posted by Witis
The local government can certainly shutdown local physical establishments, such as ATM's. They can't do squat about people investing on line, as they lack the jurisdiction. If person A wants to spend their money on a widget, or a +10 sword of wootage which only exists as bits in an on-line game, there is nothing the government can do to stop them from doing so.
As long as you dont lose your investment:Quote:
Originally Posted by Shaggy Hiker
http://washington.cbslocal.com/2013/...h-7-5-million/
He also called it a mirage i.e. fraud.Quote:
Originally Posted by Shaggy Hiker
Bitcoin is worldwide, as is demand, hence the crazy prices, but the price has only really taken off since mid last year and that is why the police haven't shut it down yet, but they will; all it takes is one country to outlaw bitcoin and the bitcoin collapse will be worldwide and very spectacular. At the moment the governments are more concerned with taxation issues, but once they ascertain that it is a criminal operation bitcoin will fall.Quote:
Originally Posted by Shaggy Hiker
However, the government is very concerned with taxation, and if you don't declare your capital gains on assets, and bitcoin has already been declared property rather than currency in most countries, then you are risking being incarcerated for tax evasion. Worse is that it each bitcoin transaction is recorded in a public ledger potentially leading every government directly to your front door.Quote:
Originally Posted by Shaggy Hiker
Once bitcoin falls the hunt for Satoshi Nakamoto, all of the bitcoin evangelists, and the tax evaders will be on in earnest.
You have to like peanuts to be jumbo:Quote:
Originally Posted by FunkyDexter
http://www.youtube.com/watch?v=WiSmeG_j6pE
Oh and snoopy too
http://www.youtube.com/watch?v=hiP14ED28CA
Elephants really are scared of guinea pigs.
http://www.youtube.com/watch?v=wXiMs65ZAeU
I envision that they would also be afraid of squirrels.Quote:
Originally Posted by Witis
That's a different matter. Federal agents have much broader jurisdiction than local police do. A minor country will have a minor impact. China probably can't do anything, so we are really talking about the US or EU (as a block, which also seems unlikely). That could happen, but to what end? A whole lot of bitcoin is used for illegal transactions already, and that hasn't been deterred by the fact that it is illegal.Quote:
Originally Posted by Witis
[CODE]
However, the government is very concerned with taxation, and if you don't declare your capital gains on assets, and bitcoin has already been declared property rather than currency in most countries, then you are risking being incarcerated for tax evasion. [/QUOTE]
Taxation is probably the key violation that will impact bitcoin. It gets complicated, though. When bitcoin tanks, there is no capital gain, but rather a capital loss.
So, why hasn't it been used that way? Probably because there is "something" recorded in the public ledger, but not identifying information. Others can probably talk more about it. I have no real interest in bitcoin, as it is way too volatile for my tastes. It would be kind of cool to have one as a cultural token, but I have no other interest in it.Quote:
Worse is that it each bitcoin transaction is recorded in a public ledger potentially leading every government directly to your front door.
Don't agree Sharky, as soon as one U.N. country declares bitcoin a criminal endeavour it is highly likely that all the other U.N. countries will follow, particularly if it is a western country. Furthermore having generated such high level and public opposition already I don't imagine it will be very long before that occurs. Then both the federal and local governments and police will move in to clean up the sordid mess.Quote:
Originally Posted by Shaggy Hiker
Re capital gains tax I am talking about those having ever profited from the scheme including Satoshi Nakamoto.Quote:
Originally Posted by Shaggy Hiker
I am not sure of the complete details myself but I envision that there will be a way for the police to identify the participants in the bitcoin trades if necessary. That sort of thing isn't usually necessary until criminal activities have been revealed and evidenced.Quote:
Originally Posted by Shaggy Hiker
My Basic4Html project is going along pretty well. Here is an example of the translator.
This VB.Net code:
[code]Dim t As Title = New Title With {.Value = "Basic4Html"}
Dim noScript As NoScript = New NoScript With {.Value = "You webbrowser does not support scripting."}
Dim h As Head = New Head With {.NoScript = noScript, .Title = t}
Dim d As Basic4Html.Basic4Html.Document = New Basic4Html.Basic4Html.Document With {.Head = h, .Body = New Body}
FastColoredTextBox1.Text = d.ConvertToHtml
[code]
Translates to this HTML code:
HTML Code:!DOCTYPE html
<html>
<head>
<noscript>You webbrowser does not support scripting.</noscript>
<title>Basic4Html</title>
</head>
<body>
</body>
</html>
I forgot a closing [/CODE]:
My Basic4Html project is going along pretty well. Here is an example of the translator.
This VB.Net code:
Translates to this HTML code:Code:Dim t As Title = New Title With {.Value = "Basic4Html"}
Dim noScript As NoScript = New NoScript With {.Value = "You webbrowser does not support scripting."}
Dim h As Head = New Head With {.NoScript = noScript, .Title = t}
Dim d As Basic4Html.Basic4Html.Document = New Basic4Html.Basic4Html.Document With {.Head = h, .Body = New Body}
FastColoredTextBox1.Text = d.ConvertToHtml
HTML Code:!DOCTYPE html
<html>
<head>
<noscript>You webbrowser does not support scripting.</noscript>
<title>Basic4Html</title>
</head>
<body>
</body>
</html>
Here is an image of the IDE:
Attachment 115799
That would be pretty novel, Bambi. You have a currency that is currently used for LOTS of illegal activity, but the governments have been unable to stop the illegal activity. You are also asking that ALL the countries that host servers will simultaneously agree to take down some part of those servers. Has there ever been that level of cooperation before on anything? If that was even possbile, why is clearly illegal stuff like child porn still around?Quote:
Originally Posted by Witis
Government doesn't have a magic wand, and they won't touch this kind of thing.
Nope. The taxes are pretty clear. It's not a question of whether you have ever profited, it's year to year. You can take a gain one year and a loss another year.Quote:
Re capital gains tax I am talking about those having ever profited from the scheme including Satoshi Nakamoto.
Ever hear of Silk Road? Criminal activities have been revealed and evidenced with bitcoin transactions since its inception. The police didn't just go out and round up everybody who used Silk Road to buy illegal drugs, because they couldn't. So, we already know this doesn't exist. That magic isn't there.Quote:
I am not sure of the complete details myself but I envision that there will be a way for the police to identify the participants in the bitcoin trades if necessary. That sort of thing isn't usually necessary until criminal activities have been revealed and evidenced.
The problem is the illegal activity not the form of payment used.Quote:
Originally Posted by Shaggy Hiker
As soon as the bitcoin operations are declared illegal most of the servers will shut themselves down to avoid any civil and criminal charges, meaning that bitcoin operations will move into the murky underworld never to see the light of day again. Anyone trying to revive a modified version of the bit con will run the risk of being prosecuted.Quote:
Originally Posted by Shaggy Hiker
Are you suggesting that governments will treat bitcoins like cigarettes?Quote:
Originally Posted by Shaggy Hiker
In terms of tax evasion, it is whether you have realised a capital gain in any year, and then avoided paying capital gains tax in that year by failing to disclose the profit.Quote:
Originally Posted by Shaggy Hiker
Are you absolutely certain the police will be unable to trace each transaction, and what happens if you are wrong, especially given the public nature of the ledger?Quote:
Originally Posted by Shaggy Hiker
Not my problem. I would guess that the drug dealers are much better informed about the secrecy of the transactions they are making than I am. Since they are making use of bitcoin, I would assume that they feel reasonably secure. Personally, all I know about it comes from reading articles about it.Quote:
Originally Posted by Witis
Currency is all fiction. People can agree that something is currency and it is. There's really nothing more to it than that. If somebody wants to announce that bitcoin is illegal, they can try. People have to agree or their pronouncement will mean nothing. I doubt that government sanction will brind down bitcoin, after all, there are more likely issues. Mt. Gox certainly had a chance of bringing down bitcoin irreversibly, since they cast doubt on whether or not bitcoin could be safely used as a currency. Had another shoe dropped at the time, then bitcoin may well have failed completely. It hasn't though, and that suggests that it is more durable than you might think. Governments can make it hard to transact in bitcoins, but they can't totally prevent it. Server operators world-wide are not going to follow an edict by any one government. In fact, some are always willing to gleefully thumb their noses at one government or another. If China, the US, and the EU (and possibly Russia) all agreed to suppress bitcoin, that would end it. But those countries couldn't agree on whether water is wet, let alone on anything more substantial.
In any case, I guess we'll see. I'll be watching from the sidelines, though, not from the field.
Maybe people will buy up bitcoin, then use it to buy the rights to VB6 from MS, and launch an open source project to revive VB6. I hear that the Yeti is already on board with that project.
As in most situations the police are likely to target the biggest players first, however, there is always the chance, especially when you are talking about taxation, that even small players will be caught and charged. :LQuote:
Originally Posted by Shaggy Hiker
Don't agree Sharky, the money in my wallet is far from fictional. =DQuote:
Originally Posted by Shaggy Hiker
The reason that it hasn't been stopped yet is because there aren't any victims going into the police station, but it will happen. As in the case with any new con it can take a while before the governments and police spend the time and money to extirpate the germ, and having a steady flow of victims always creates a lot of pressure for that to happen. However, in this case, the warnings are already there from the topmost folk in academia and funds management, meaning the governments now have an opportunity to take action before the germ and number of victims grows too much. Thus bitcoin can now literally fall at any second. o.OQuote:
Originally Posted by Shaggy Hiker
There will always be a lot of temptation for the bitcoin exchanges to say they were hacked so as to 'lose' thousands of bitcoins, and for hackers to hack the exchanges, and that can slow the growth of bitcoin, albeit temporarily. Bitcoin won't fall that way. In my view the con will only truly die once the governments around the world relegate it to a criminal activity.Quote:
Originally Posted by Shaggy Hiker
True, unless a lot of the exchanges fall over it is unlikely to kill bitcoin.Quote:
Originally Posted by Shaggy Hiker
If they make running exchanges and trading bitcoins or their equivalents illegal activities it will move any such transactions into the realm of organised crime.Quote:
Originally Posted by Shaggy Hiker
It doesn't matter if the exchanges move to states that tolerate that sort of thing; if A.T.M.s, exchanges, and holding and trading the pseudo currency are deemed illegal where you live then only those wanting to risk doing time will go there. :pQuote:
Originally Posted by Shaggy Hiker
Yeah it's just really sad. :cry:Quote:
Originally Posted by Shaggy Hiker
Not sure about that Sharky, I thought ISIS was investing in bitcoin as one of its sources of funding? http://complex.foreignpolicy.com/pos...persian_gulf_dQuote:
Originally Posted by Shaggy Hiker
I went away for a few days and I came back expecting a lot more than just 2 more pages added to Post Race.
Post Race.
Road House.
That's right, what happened to dday9's attack at dawn strategy?
I was sure he had one planned.
Perhaps he agrees that the post race is no autobahn?
Stainless steel might replace gold in the post race. ˚ᵕ˚
Mettle. =)