the result is the same so we're just talking terminology.
― james franco tur(oll)ing test (Hurting 2), Wednesday, 26 March 2014 15:15 (ten years ago) link
ha no I meant like "loss" as in emotional or personal loss in that paragraph kinda works similarly? thus my 'joke'
― Clay, Wednesday, 26 March 2014 15:15 (ten years ago) link
If you sold two things during the tax year and had a loss of 99 on one but a gain of 100 on the other, you'd realize both the gain and the loss but you'd only recognize a gain of 1, that's the amount you'd pay tax on
― 龜, Wednesday, 26 March 2014 15:16 (ten years ago) link
again, result is the same, we're just talking terminology
― james franco tur(oll)ing test (Hurting 2), Wednesday, 26 March 2014 15:16 (ten years ago) link
Yeah but your terminology is wrong
Real eyes realize real gains and losses, is what I'm saying
― 龜, Wednesday, 26 March 2014 15:18 (ten years ago) link
I'll have to dig up an adequate source a little later when I get the chance, but I'm p sure YOUR terminology is wrong B-)
― james franco tur(oll)ing test (Hurting 2), Wednesday, 26 March 2014 15:31 (ten years ago) link
i.e., the fact that you have other gains that "offset" your losses doesn't mean that you don't "recognize" the loss, it just changes the net amount that's taxable or write-off-able.
― james franco tur(oll)ing test (Hurting 2), Wednesday, 26 March 2014 15:33 (ten years ago) link
my co-worker who took an accounting class in college says he thinks I'm right so ha
― james franco tur(oll)ing test (Hurting 2), Wednesday, 26 March 2014 15:38 (ten years ago) link
i hate you all
― Nhex, Wednesday, 26 March 2014 17:59 (ten years ago) link
get the FASB on this motherfucker asap
― panettone for the painfully alone (mayor jingleberries), Wednesday, 26 March 2014 18:01 (ten years ago) link
can bitcoin loss debt be forgiven >?with a 1099?
― Brian Eno's Mother (Latham Green), Wednesday, 26 March 2014 18:35 (ten years ago) link
poetry
― We hugged with no names exchanged (forksclovetofu), Wednesday, 26 March 2014 18:38 (ten years ago) link
Seems like Bitcoin enthusiasts are trying to put on a brave face on this IRS ruling, but the more I read about it the less favorable it sounds:
http://marginalrevolution.com/marginalrevolution/2014/03/did-bitcoins-just-become-less-fungible.html
― o. nate, Thursday, 27 March 2014 21:41 (ten years ago) link
wow the comments. These people are so motherfucking STUPID
― james franco tur(oll)ing test (Hurting 2), Thursday, 27 March 2014 21:44 (ten years ago) link
This sounds like a pretty serious strike against Bitcoin, but then again it seems like the kind of thing where people should have planned in advance for no help from the IRS. Is there international internet wizardry they can just do to sidestep this stuff?
― ▴▲ ▴TH3CR()$BY$H()W▴▲ ▴ (Adam Bruneau), Thursday, 27 March 2014 22:08 (ten years ago) link
price def appears to be hurting since the ruling. But I don't understand, did people think the IRS would just, like, do nothing?
― james franco tur(oll)ing test (Hurting 2), Thursday, 27 March 2014 22:10 (ten years ago) link
Dan Weber March 27, 2014 at 5:04 pmYes, the market should define tax law.
― panettone for the painfully alone (mayor jingleberries), Thursday, 27 March 2014 22:46 (ten years ago) link
https://www.youtube.com/watch?v=mjiX7xiFD-o
Last November, in what he later described as a drunken state, a Redditor by the username, Anndddyyyy, wrote a post claiming that if Bitcoin was below $1000 come January 1, he'd do exactly that. "I may be an idiot," he wrote in an update to the original post, "But I like to think I'm an idiot with integrity."
― We hugged with no names exchanged (forksclovetofu), Friday, 28 March 2014 17:09 (ten years ago) link
FORTY 6 MINUTES LONG
― purposely lend impetus to my HOOS (BIG HOOS aka the steendriver), Friday, 28 March 2014 18:42 (ten years ago) link
In b4 "fuck eating a hat"
― bi-polar uncle (its OK-he's dead) (Phil D.), Friday, 28 March 2014 18:44 (ten years ago) link
If anyone wants to read something by a more level-headed, skeptical but hopeful bitcoin enthusiast who doesn't sound batshit or dumb:
https://medium.com/p/a9d53ce3688a
― james franco tur(oll)ing test (Hurting 2), Friday, 28 March 2014 18:44 (ten years ago) link
Werner Herzog ate his shoe - is that healthier? Seems a bad idea any way.
― The Whittrick and Puddock (dowd), Friday, 28 March 2014 20:51 (ten years ago) link
xxxxp - was the hat a fedora?
― Kiarostami bag (milo z), Friday, 28 March 2014 21:00 (ten years ago) link
http://www.newyorker.com/online/blogs/shouts/2014/03/libertarian-police-department.html
The heroin needle practically fell out of my arm. “What kind of monster would do something like that? Bitcoins are the ultimate currency: virtual, anonymous, stateless. They represent true economic freedom, not subject to arbitrary manipulation by any government. Do we have any leads?”“Not yet. But mark my words: we’re going to figure out who did this and we’re going to take them down… provided someone pays us a fair market rate to do so.”“Easy, chief,” I said, “Any rate the market offers is, by definition, fair.”
“Not yet. But mark my words: we’re going to figure out who did this and we’re going to take them down… provided someone pays us a fair market rate to do so.”
“Easy, chief,” I said, “Any rate the market offers is, by definition, fair.”
― frogbs, Tuesday, 1 April 2014 15:19 (ten years ago) link
“Seriously, guys. Without a strong economic motivator, I’m just going to stand here and not solve this case. Cash is fine, but I prefer being paid in gold bullion or autographed Penn Jillette posters.”
― panettone for the painfully alone (mayor jingleberries), Tuesday, 1 April 2014 17:26 (ten years ago) link
hit $340 yesterday. is the dream over?
― frogbs, Friday, 11 April 2014 21:56 (ten years ago) link
This seems like the stupidest shit ever. It's a "debit card" that "lets you pay in bitcoins." But it piggybacks on credit card networks, so it has basically none of the supposed benefits of bitcoin as far as I can see? Plus it pays out in dollars, which means it has to sell your bitcoins when it makes the payout.
http://gigaom.com/2014/04/24/a-debit-card-for-bitcoin-xapo-solves-the-payment-problem-with-mastercard-tie-in/
― Doritos Loco Parentis (Hurting 2), Tuesday, 29 April 2014 03:24 (ten years ago) link
Also the "like the internet in the 80s" meme used in that Vox thing reminds me of this graffiti I saw in Berlin:
http://scontent-b-iad.xx.fbcdn.net/hphotos-ash3/t1.0-9/5611_250735825303_7638136_n.jpg
― Doritos Loco Parentis (Hurting 2), Tuesday, 29 April 2014 03:34 (ten years ago) link
that looks like a screenshot of a cyberpunk computer game
― purposely lend impetus to my HOOS (BIG HOOS aka the steendriver), Tuesday, 29 April 2014 14:39 (ten years ago) link
its really a Tuesday today isnt it - anothe rbitcoin Tuesday
― Brian Eno's Mother (Latham Green), Tuesday, 29 April 2014 18:35 (ten years ago) link
http://consumermediallc.files.wordpress.com/2014/04/dogecarrear.png
― Doritos Loco Parentis (Hurting 2), Tuesday, 29 April 2014 19:06 (ten years ago) link
Not sure what is happening on our side, but there doesn’t seem to be a pattern.
― Brian Eno's Mother (Latham Green), Tuesday, 29 April 2014 19:18 (ten years ago) link
one day everyone will have a coin of themselves
everyoen will mint their own virtual currency
Lathamcoin
― Brian Eno's Mother (Latham Green), Wednesday, 30 April 2014 16:19 (ten years ago) link
http://happynicetimepeople.com/wp-content/uploads/2014/02/Hi_I_m_Shingy_%E2%80%A2_I_am_excited_for_what_2014_could_mean_for_brands___.png
― Spectrum, Wednesday, 30 April 2014 16:26 (ten years ago) link
wkiw
― purposely lend impetus to my HOOS (BIG HOOS aka the steendriver), Wednesday, 30 April 2014 17:43 (ten years ago) link
http://www.bloomberg.com/now/2014-04-30/bitcoin-now-bloomberg/
― wat is teh waht (s.clover), Wednesday, 30 April 2014 18:18 (ten years ago) link
lol i was just thinking about that guy today
instantly hated by all
― Brian Eno's Mother (Latham Green), Wednesday, 30 April 2014 19:52 (ten years ago) link
Only mentions bitcoin once, but relevant:
http://thebaffler.com/blog/2014/05/mouthbreathing_machiavellis
started a new thread here for more general discussion:Silicon Valley Techno-Utopianism
― Doritos Loco Parentis (Hurting 2), Thursday, 22 May 2014 05:37 (ten years ago) link
buttcoins
― Brian Eno's Mother (Latham Green), Thursday, 14 August 2014 18:22 (nine years ago) link
Bruce Wayne uses Batcoins.
― I only listen to Vantablack Metal (snoball), Thursday, 14 August 2014 18:23 (nine years ago) link
why won't these things die is my question
― 'arry Goldman (Hurting 2), Thursday, 14 August 2014 18:40 (nine years ago) link
because people like this exist
https://www.youtube.com/watch?v=XQqZ9b0S0BY
― Maggie killed Quagmire (collest baby ever) (frogbs), Thursday, 14 August 2014 18:54 (nine years ago) link
its not exactly doing well, the price is still doing okay but trading volume is way way down, hardly anyone is actually spending them. still I would expect the price to hold around $400-500 until Bitpay gets shut down or w/e
― Maggie killed Quagmire (collest baby ever) (frogbs), Thursday, 14 August 2014 18:58 (nine years ago) link
Imminent short book about Bitcoin's rise and fall in China looks interesting..
https://www.penguin.com.au/covers/catalog/9780734310545.jpg
― ornamental cabbage (James Morrison), Friday, 15 August 2014 01:45 (nine years ago) link
Assuming its full of funny anecdotes and not a serious attempt to maike the case for Bitcoin actually being a great idea
xxxp i got less than 10s into that before i had to abandon ship. it's too bad you can't back currency with smugness.
― building a desert (art), Friday, 15 August 2014 02:27 (nine years ago) link
looollllll
http://arstechnica.com/tech-policy/2014/09/feds-label-bitcoin-miner-maker-butterfly-labs-as-systematic-deception/
― Maggie killed Quagmire (collest baby ever) (frogbs), Wednesday, 24 September 2014 18:49 (nine years ago) link
https://twitter.com/djperry1973/status/517787494058713088https://twitter.com/M3metic/status/517788430873690112https://twitter.com/ChangeTip/status/517788443401678849
wtf is happening here
― 💪😈⚠️ (DJP), Thursday, 2 October 2014 21:36 (nine years ago) link
somebody slipped you the tip
― the other song about butts in the top 5 (forksclovetofu), Thursday, 2 October 2014 21:45 (nine years ago) link