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Old 06-18-2013, 01:25 PM  
BlackCrayon
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Join Date: Jun 2003
Location: Ottawa
Posts: 19,631
Quote:
Originally Posted by facialfreak View Post
The main thing you negate to mention, is that household furnishings, and stocks and bonds are purchased with fiat currency. Bitcoin is an algorithm. Bitcoin is not legally a currency - by definition - until it is traded for a fiat currency.
uh, how do you think most people get bitcoins in the first place? they use fiat currency to purchase them.
Quote:
OK ... so hypothetically, your neighbor has a lawn mower that is broken. You know how to fix it, and you do so. Your neighbor in appreciation for your fixing his mower, agrees to mow your lawn 3 times .... are you honestly telling me that you pay taxes on that exchange of services? C'mon man!
that's quite the extreme example but think about this. herman bought 1400 bitcoins for 3 bucks each way back. now they're worth $130 or whatever each. herman buys goods and services with his now valuable bitcoins. should herman not have to pay any kind of taxes on gain in value he got from the bitcoins?
Quote:
People talk a big game from the protection of their keyboards, but thus far all you have done is tried to defame my company.

Unless you can back up your claims, that you have proof of any tax evading activities, I suggest it is not in anybody's interests to be making unfounded accusations against fellow board members.

Cheers!
calm down, no one is trying to 'defame' your company. and in case you haven't noticed 80% of the posts on this board are people making unfounded accusations against fellow board members.
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