[Chugalug] More on Bitcoin:

Stephen Kraus ub3ratl4sf00 at gmail.com
Thu Aug 22 11:24:07 UTC 2013


No, Matt that is wishful thinking if I've ever heard it.
On Aug 22, 2013 6:05 AM, "Matt Keys" <mk6032 at yahoo.com> wrote:

>  Yeah, have fun...
>
> Have fun trying to keep track of who's behind the IP in each
> transaction... have fun trying to "regulate" a peer-to-peer network with no
> central authority. Downloading copyrighted material using bittorrent has
> been deemed illegal and has been "regulated" by various authorities... does
> it still happen? Do the authorities know exactly how often this happens,
> from where, to/from whom?
>
> The usual political fear mongering won't work. I think what's happening is
> that governments are starting to wrap their heads around this gigantic
> problem -- "how the hell are we going to continue business as usual if this
> really takes off worldwide?"
>
> This guy quoted on the cnbc article has the right idea, but he's thinking
> about it in the wrong direction : "If the euro does go belly up the German
> authorities could potentially still collect tax if everyone started using
> the bitcoin - that's a good example of German forward-thinking!" --
> http://www.cnbc.com/id/100971898 . If the Euro goes "belly up" nobody is
> going to give a shit about German taxes. They're going to dump their Euro
> money, as fast as possible, to bitcoin and another forms of money. Think
> Cyprus crisis v2.0 on an exponential scale.
>
>
> On 08/21/2013 04:21 PM, Stephen Kraus wrote:
>
> Yeah, guess what it means.
>
> You have to report any profit you make from Bitcoin on your taxes. Have
> fun!
>
>
> On Wed, Aug 21, 2013 at 3:59 PM, Tyler Mittan <
> flashbatmanquestion at gmail.com> wrote:
>
>> Looks like Bitcoin is being recognized as "private money" by Germany:
>>
>>  http://www.cnbc.com/id/100971898
>>
>>  For those that don't take Austrian economics seriously, notice the name
>> drop of F.A. Hayek.
>>
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