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Old 03-19-2013, 02:17 PM   #1
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Bitcoins will be the preferred payment option in this industry between webmasters

You will soon find the first designer or coder accepting Bitcoins on gfy.

By this time next year it will be widely used between webmasters.
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Old 03-19-2013, 02:27 PM   #2
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I already been found a designer on GFY that accepts them. Long ago.
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Old 03-19-2013, 02:50 PM   #3
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Congratulations!
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Old 03-19-2013, 02:57 PM   #4
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Sure will.
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Old 03-19-2013, 02:57 PM   #5
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At the end of the day all the bitcoin users still need rely on someone cashing out their bitcoins to currency
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Old 03-19-2013, 02:58 PM   #6
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At the end of the day all the bitcoin users still need rely on someone cashing out their bitcoins to currency
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Old 03-19-2013, 03:00 PM   #7
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At the end of the day all the bitcoin users still need rely on someone cashing out their bitcoins to currency
Fact.
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Old 03-19-2013, 03:04 PM   #8
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At the end of the day all the bitcoin users still need rely on someone cashing out their bitcoins to currency
Thats what services like Bit Pay are for. As time goes on there will be less reasons to cash out since you can buy lots of stuff within the economy.
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Old 03-19-2013, 03:09 PM   #9
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We need COCKBITS that can be exchanged for BITCOINS and then you can exchange them for real cash lol
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Old 03-19-2013, 03:12 PM   #10
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Will work for bit coins lol

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Old 03-19-2013, 03:12 PM   #11
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At the end of the day all the bitcoin users still need rely on someone cashing out their bitcoins to currency
Which is no problem whatsoever.
And don't they need to rely on the same thing now as well?
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Old 03-19-2013, 03:13 PM   #12
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Thats what services like Bit Pay are for. As time goes on there will be less reasons to cash out since you can buy lots of stuff within the economy.
I understand the ability to cash out that was my whole point. Most will just get paid via bitcoin - find an exchanger and cash out.

You mention in the future there will be less reason to cash out? Do you really see your cell phone provider - cable company - internet - mortgage - insurance - local gas station - banks ...accepting a non-traceable currency?

Sure you can buy a computer online with a bitcoin but so can you with any ewallet system that you can get paid in.


The downfall to bitcoin right now is you have to take an extra step to turn that bitcoin into something that is usable for your ever day needs.

Accept bitcoin -- > Send bitcoin to exchanger -- > Get money into ewallet -- > Withdraw

VS

Accept Ewallet payment -- > Withdraw
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Old 03-19-2013, 03:14 PM   #13
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Which is no problem whatsoever.
And don't they need to rely on the same thing now as well?
Not sure I follow your question

explain?
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Old 03-19-2013, 03:28 PM   #14
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At the end of the day all the bitcoin users still need rely on someone cashing out their bitcoins to currency
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Old 03-19-2013, 03:31 PM   #15
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At the end of the day - why not to accept those play money. This could be competitive advantage. Lets say somebody wants to spend his bitcoins on design so that person accepting them is more likely to get that order than someone not accepting.
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Old 03-19-2013, 03:39 PM   #16
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At the end of the day all the bitcoin users still need rely on someone cashing out their bitcoins to currency
at the end of the day. when you get your paycheck, where does it go ? right back into the bank and you're using the monopoly money that's on your debit card 99% of the time.....
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Old 03-19-2013, 03:45 PM   #17
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You will soon find the first designer or coder accepting Bitcoins on gfy.

By this time next year it will be widely used between webmasters.
I think you're right. I wouldn't mind receiving my affiliate payments as bitcoins either but I think the sponsors might have tax issues with that.

It's not even about evading taxes for me. It's about avoiding fees and bullshit. Fuck sending people I don't know in foreign countries my driver's license, scans of my credit cards, utility bills, and photographs of me every year or two. Fuck ridiculous fees.
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Old 03-19-2013, 04:05 PM   #18
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I wonder what our models would say if it told them we pay in bitcoins
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Old 03-19-2013, 04:10 PM   #19
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It needs to be more stable. No one wants to use them and see they could be worth 10% more on Monday or worse you just sold something and now bitcoins are down 15%. It is too volatile.
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Old 03-19-2013, 05:22 PM   #20
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at the end of the day. when you get your paycheck, where does it go ? right back into the bank and you're using the monopoly money that's on your debit card 99% of the time.....
99% of the time my money may go on a debit card...that is accepted as a standard that I can pay my bills with. Bitcoin i can take a couple steps to turn into cash rather than just have the cash.
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Old 03-19-2013, 05:24 PM   #21
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One thing that I do like about bitcoin is the fact that the demand determine the value.

If i had a sponsor pay me out $100 in bitcoins today at the end today i could of found a buyer and cashed out at $125
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Old 03-19-2013, 05:29 PM   #22
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most all transactions are electronic these days, i do very few cash and carry transactions in my daily life, i trust that the system will send my electronic payment blip to the right place every day.

i handle very little cash, if i need cash, i have to go to the bank to pull "cash out" of my account.

so at the end of the day..... a cash out is a cash out.
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Old 03-19-2013, 05:35 PM   #23
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99% of the time my money may go on a debit card...that is accepted as a standard that I can pay my bills with. Bitcoin i can take a couple steps to turn into cash rather than just have the cash.
sounds like you work for an ewallet company
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Old 03-19-2013, 06:02 PM   #24
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You will soon find the first designer or coder accepting Bitcoins on gfy.

By this time next year it will be widely used between webmasters.
Not likely unless shit has changed since the last time I used bitcoins. Who would want to pay 5-10% to buy bitcoins and then another 5-10% to cash them out?
It is a great way (for now anyway) to launder money or buy dope though.
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Old 03-19-2013, 06:20 PM   #25
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Not likely unless shit has changed since the last time I used bitcoins. Who would want to pay 5-10% to buy bitcoins and then another 5-10% to cash them out?
It is a great way (for now anyway) to launder money or buy dope though.
exchange rates aren't nearly that high
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Old 03-19-2013, 06:23 PM   #26
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You will soon find the first designer or coder accepting Bitcoins on gfy.

By this time next year it will be widely used between webmasters.
I have had several clients ask if we could accept them for payment and we may in the future. Only time will tell but we are keeping our eyes on Bitcoins.
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Old 03-19-2013, 06:26 PM   #27
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I have had several clients ask if we could accept them for payment and we may in the future. Only time will tell but we are keeping our eyes on Bitcoins.
Why don't you start the trend. It will happen anyway
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Old 03-19-2013, 06:33 PM   #28
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Why don't you start the trend. It will happen anyway
I think it will too eventually. I'm getting ready to launch ZDV4.0 and we're definitely considering it and have been talking about doing it for months. I will try anything as long as all parties are satisfied and it's convenient and legal.

I worry a little the government will get more involved and halt it in some way.
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Old 03-19-2013, 06:44 PM   #29
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The only thing the government will be able to do is increase the value of it Zuzana.
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Old 03-19-2013, 07:31 PM   #30
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exchange rates aren't nearly that high
It used to be, but that was a few years ago
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Old 03-19-2013, 07:32 PM   #31
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and??? what???
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Old 03-19-2013, 07:44 PM   #32
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t that was a few years ago
Which reminds me how more and more people start talking about and using bitcoins... Next they make statue or temple of Satoshi. Who knows...
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Old 03-19-2013, 10:22 PM   #33
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I'd definitely join and promote a sponsor that paid in bitcoin.

I have uses for bitcoin.

Anybody know anybody that wants to pay in bitcoin?
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Old 03-19-2013, 11:22 PM   #34
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I would also promote sponsors which pay via BTC..
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Old 03-19-2013, 11:48 PM   #35
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Food for thought about BitCoins From Wired (Dec 2012):

Quote:
The FBI sees the anonymous Bitcoin payment network as an alarming haven for money laundering and other criminal activity ? including as a tool for hackers to rip off fellow Bitcoin users.

That?s according to a new FBI internal report that leaked to the internet this week, which expresses concern about the difficulty of tracking the identify of anonymous Bitcoin users, while also unintentionally providing tips for Bitcoin users to remain more anonymous.

The report titled ?Bitcoin Virtual Currency: Unique Features Present Distinct Challenges for Deterring Illicit Activity,? (.pdf) was published April 24 and is marked For Official Use Only (not actually classified), but was leaked to the internet on Wednesday.

In the document, the FBI notes that because Bitcoin combines cryptography and a peer-to-peer architecture to avoid a central authority, contrary to how digital currencies such as eGold and WebMoney operated, law enforcement agencies have more difficulty identifying suspicious users and obtaining transaction records.

Quote:
?If Bitcoin stabilizes and grows in popularity, it will become an increasingly useful tool for various illegal activities beyond the cyber realm,? the FBI writes in the report. ?For instance, child pornography and Internet gambling are illegal activities already taking place on the Internet which require simple payment transfers. Bitcoin might logically attract money launderers, human traffickers, terrorists, and other criminals who avoid traditional financial systems by using the Internet to conduct global monetary transfers.?
Quote:
There have been several cases of hackers using malware to steal the currency in the virtual wallet stored on a user?s machine.

Last year, computer security researchers discovered malware called ?Infostealer.Coinbit? that was designed specifically to steal bitcoins from virtual Bitcoin wallets and transfer them to a server in Poland.

One Bitcoin user complained in a Bitcoin forum that 25,000 bitcoins had been stolen from an unencrypted Bitcoin wallet on his computer. Since the exchange rate for bitcoins at the time was about $20 per bitcoin, the value of his loss at the time was about $500,000. A popular web hosting company called Linode was also infiltrated by an attacker looking to pilfer bitcoins.

And there have also been cases of hackers attempting to use ?botnets? to generate bitcoins on compromised machines.


Caveat emptor...

ADG
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Old 03-20-2013, 12:18 AM   #36
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Caveat emptor...
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Old 03-20-2013, 03:12 AM   #37
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I think it will too eventually. I'm getting ready to launch ZDV4.0 and we're definitely considering it and have been talking about doing it for months. I will try anything as long as all parties are satisfied and it's convenient and legal.

I worry a little the government will get more involved and halt it in some way.
I dont know how you do your bookkeeping but i very much doubt that in my country i can go and file my invoices based on bitcoins.

For that part of webmasters that avoid paying taxes anyways it might work, but as a serious business that pays taxes this is nonsense.
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Old 03-20-2013, 03:16 AM   #38
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Congratulations!
BitCoinBanker.com

is a Premium Domain Name and is available for $99,000.00*
I sold bitcoin.biz last week for 5% of that.
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Old 03-20-2013, 03:18 AM   #39
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I dont know how you do your bookkeeping but i very much doubt that in my country i can go and file my invoices based on bitcoins.

For that part of webmasters that avoid paying taxes anyways it might work, but as a serious business that pays taxes this is nonsense.
When you cash your coins what is the problem exactly?
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Old 03-20-2013, 03:34 AM   #40
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When you cash your coins what is the problem exactly?
Do you file invoices with your local tax office?

So how would i do it - either i send my client an invoice for 100 bitcoins, then the czech tax office declares me insane.

Or i send him an invoice for $100 which he pays with the at that time equivalent in bitcoins but when i cash them out, i will never receive exactly $100 and my tax accountant will declare me insane.

On top of that most of our clients are real companies that file our invoices as well and as far as i can see, bitcoins will never be an internationally accepted currency.
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Old 03-20-2013, 04:07 AM   #41
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Do you file invoices with your local tax office?

So how would i do it - either i send my client an invoice for 100 bitcoins, then the czech tax office declares me insane.

Or i send him an invoice for $100 which he pays with the at that time equivalent in bitcoins but when i cash them out, i will never receive exactly $100 and my tax accountant will declare me insane.

On top of that most of our clients are real companies that file our invoices as well and as far as i can see, bitcoins will never be an internationally accepted currency.
Alrighty then.
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Old 03-20-2013, 05:24 AM   #42
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wordpress, namecheap, and reddit figured out how to account for bitcoins
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Old 03-20-2013, 05:30 AM   #43
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Do you file invoices with your local tax office?

So how would i do it - either i send my client an invoice for 100 bitcoins, then the czech tax office declares me insane.

Or i send him an invoice for $100 which he pays with the at that time equivalent in bitcoins but when i cash them out, i will never receive exactly $100 and my tax accountant will declare me insane.

On top of that most of our clients are real companies that file our invoices as well and as far as i can see, bitcoins will never be an internationally accepted currency.
it shouldn't be much different than doing business in USD (or any other currency), but paying taxes in your local currency CZK(?)... people do business in other currencies all the time, there are accounting rules to make it all work correctly...

so there is nothing really illegal from accounting point of view about doing business with bitcoins, but you are right, you would probably get audited right away if you put "bitcoins" on any tax form... it has drama written all over it...
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Old 03-20-2013, 05:40 AM   #44
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it shouldn't be much different than doing business in USD (or any other currency), but paying taxes in your local currency CZK(?)... people do business in other currencies all the time, there are accounting rules to make it all work correctly...
exactly.
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Old 03-20-2013, 05:45 AM   #45
tony286
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I'm old fashioned I like currency from governments
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Old 03-20-2013, 06:30 AM   #46
MaDalton
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Originally Posted by woj View Post
it shouldn't be much different than doing business in USD (or any other currency), but paying taxes in your local currency CZK(?)... people do business in other currencies all the time, there are accounting rules to make it all work correctly...

so there is nothing really illegal from accounting point of view about doing business with bitcoins, but you are right, you would probably get audited right away if you put "bitcoins" on any tax form... it has drama written all over it...
bitcoins are no currency unlike USD

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Originally Posted by Oracle Porn View Post
exactly.
nonsense
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Old 03-20-2013, 06:32 AM   #47
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Originally Posted by MaDalton View Post
bitcoins are no currency unlike USD



nonsense
So Wordpress and Namecheap are just being silly?
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Old 03-20-2013, 06:41 AM   #48
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So Wordpress and Namecheap are just being silly?
where are they incorporated?

when i am in Panama and pay flat $1000 per year in taxes I wont bother either
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Old 03-20-2013, 07:01 AM   #49
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where are they incorporated?

when i am in Panama and pay flat $1000 per year in taxes I wont bother either
Namecheap, Inc, a Delaware incorporated entity d/b/a Namecheap.com
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