5,521 Bitcoins ?.. This is why there will be a crackdown on their use.
 

Here's a guy selling his $400,000 house for bitcoins and the reason he gives is ?..

"I can take control of my own money, I don't have to worry about the government stepping in and taking it and freezing my account."

The only people worried about government seizure of bank accounts in Canada and the US are those with tax problems, drug and fraudulently obtained money. Once the government has reasons like this guy's in their radar the crackdowns will start.

http://gma.yahoo.com/blogs/abc-blogs...nvestment.html

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and then the moron forgets his bitcoin wallet number and all his money is lost :1orglaugh

lol at selling house for BC, mad for sure

I would love to see him try and use them to buy food or clothing for his family. And the moment he uses a currency converter company to convert them into dollars and deposit them into his bank account hes fucked.

my great-grandma said the same thing as that guy before the depression, took her money out of the bank and put it under her mattress.

mattresses are still legal today.

Keep in mind this is also from a guy that bought or built a house well below the water line of a creek 20 feet from his house.

http://img812.imageshack.us/img812/9...ekb130321w.jpg


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are you seriously saying bitcoins are the same thing as cash under your mattress?

yes glen, i am saying a technologically revolutionary device is the same as a mattress.


certainly you can discern my point from the example. or, hmmm......maybe you cannot.

people are just insane these days..

Dude... you sig... they are dead.

At least with fiat paper currency you can wipe your ass with them or use them to start a fire.

i hope he get tattooed his btc wallet number.

i'd bet that's what peeps said when paper currency was introduced to supplement coins.

lol, not a bad idea.

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I bet Bitcoin users still use Establishment Money to snort all the illegal drugs they buy with Bitcoins. The fucking hypocrites.

again, to extrapolate from that story that *the government!* will come down on bitcoins because people do not trust banks is pure speculation that I can't see being based on anything.

people have been fearful of banks since their creation and have pulled their money out of them time and again citing the very same things that guy in the op has, yet *the government!* didn;t sweep in and deal with those people and wtf-ever they stashed their ducats in. and these are honest folks, not dopers. like, i would think, the op in the story.

I wonder why there is so much hate towards Bitcoin. A religious thing?

We actually just started offering BitCoin as an alternate payment method for our design and programming services after having played around with them for a few months, nobody has utilized it as yet but offering more options is always a good thing when it comes to business.

Also liking the fact that right now, the BC value seems to be trending upwards, I wouldn't be surprised if by the middle of next month each coin will be worth $100.

nah, they (the government) get them with the hidden tax: inflation

:1orglaugh

Pulling money out of banks and finding an alternative based on not paying taxes and hiding income are completely different things.

i agree, the guy in the story you cite is simply doing the former. i don't see the jump in logic that the guy is selling his own home for bitcoins because he is a doper escaping taxes and fraudulently obtaining money.

what do you think his chances of actually selling that house for bitcoins is?

i have no idea! i'm still trying to absorb it all. bitcoins are like a phenomenon to me.

but after reading the article a second time, it occurred to me it's pretty good advertising for him regardless of how he gets paid for it eh.


you think it will sell for bitcoins? or partially even?

I think the chances are very slim... I don't see any advantage in selling it in bitcoins over USD... (except the free publicity he is getting from it)

BTC $75 yesterday, $69 today

Hey dude, you just lost $32,000

Lol
:1orglaugh

the day bitcoins hit the mainstream is the day that sooo many will get stolen.

Already happening. Check out these stories:

http://www.theverge.com/2013/3/8/408...rom-bitinstant
http://www.wired.co.uk/news/archive/.../bitcoin-heist
http://arstechnica.com/tech-policy/2...ange-bitfloor/
http://www.computerworld.com/s/artic..._i n_bitcoins

Have luck. :2 cents:

Tax problems and drug money are not crimes

Yea, not one person in prison is there for tax fraud or laundering drug money.

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Horseshit.

The guy is spot on.

You are such a Goody-Two Shoes.

:2 cents:

Offshore bank account, anonymous debit card.

Google it.

Such things are out there and readily available.

:2 cents:

No, Bitcoins are better than that.

:2 cents:

I'm trying to think of a legitimate reason an honest Canadian citizen would be worried about having the Canadian authorities seizing his bank accounts ??? Sorry still can't come up with one.

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Like cars, guns, iPhones, laptops, guns, pickup trucks...............

Yeah, don't want any of those things because they might get stolen.

Dingleberry.

:2 cents:

Pretty damn good.

:2 cents:

Yea that's me. The one law I don't break is tax fraud. Ever have a full on lifestyle tax audit?

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L-Pink is one of the Self-Appointed Morals Police of GFY.*

:2 cents:

*Actually too frightened of his/her own shadow and generally repressed to try anything new.

:2 cents:

Still smarting for calling you out as a scamming, dishonest, lying, cheating, cross-dressing ass wipe, Marion?

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And just what is wrong with hiding income from a rogue government which levies punitive taxes to fight illegal and immoral wars?

:2 cents:

Go for it Mr. Capone.

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Rand's right, the USA government was Usurped in 1913. Happy anniversary ?

i guess im going to have to go ahead and find out what a bitcoin is and how to make them :)

is it illegal to make them? i see a stigma around it already.

Ignorant people afraid of change.

Change is inevitable.

Suffering through the change is optional.

Kind of like the loss of Windows 98.

When it died, to many it was like the End of The World As They Knew It.

Did not happen and those same people are cruising happily along on 7, Vista and 8, having forgotten all about their initial portestations and howlings.

Paper cash is dying.

Costs too much to handle and secure.

Physical checks are dead however some still cling to them but this will change when every business imposes a $10 processing fee for paper checks, which will come soon.

:2 cents:

I prefer "Jack Diamond", thank you.

:winkwink:

It is a game.

The IRS can only audit what it can find....................

Think about it.

:2 cents:

The stigma is based on comments like this "And just what is wrong with hiding income from a rogue government which levies punitive taxes to fight illegal and immoral wars?"

The government will view bitcoins and their users as nothing but a way to have income and commerce while avoiding taxes. Do I care if anyone here uses them? Fuck no. Do I want to point out to some that they better have their paperwork correct in case of an audit? Yes.

But you Marion? If you died of ass cancer tomorrow I wouldn't give 2 shits.

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you must be very retarded. bitcoins being totally anonymous make them so much easier to steal than anything with a VIN or serial number.

so much easier than stealing credit cards and bank accounts online too, no way to track these things.