Musicians Accepting Bitcoin

Houndog

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The Blockchain is a public ledger of Bitcoin transactions. While it may be difficult for Governments and Law Enforcement to track, it is FAR more difficult to track paper . currency.
That’s not what I’m talking about , I operate pretty much paper cashless . The govt knows how much I have in my accounts , or can find out easy enough .
“ My buddy “ tried talking me into investing in crypto . He told me the govt has no way of tracking crypto to tax it .
When he said that I knew it was something I’d not want to be involved in .
There is no way the govt will let that stand .
 

Whitten

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This statement makes absolutely no sense whatsoever unless you really have no idea what Bitcoin is, or how it works..
Sure, I have misunderstood it. But in reality how practical is it to pay musicians 0.0001 of a bitcoin?
People don't carry coins for a reason, monetary divisions are a hassle.
 

Whitten

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While it may be difficult for Governments and Law Enforcement to track, it is FAR more difficult to track paper currency.
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Was it not designed at least in part to bypass the traditional banking and financial systems?
That's why The Chinese don't like it and why most democratic governments are very wary.
 

Rotarded

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Bitcoin was designed to be a peer to peer payment system that would take virtually any probablity of 3rd party corruption out of the system. Banks and Goverments are fighting it due to the inability to control it for their own agenda. They spread propaganda (AKA F.U.D., Fear, Uncertainty, and Doubt ) through mainstream media to try and confuse the masses, whe they themselves try to wrap their heads around this.

I highly suggest any of you with any interest whatsoever, do your homework and learn how the world is changing through Blockchain technology, from reputable scholars and respected financial analysts.

If you think that CNN, or any of the mainstream media outlets, are unbiased and without political agenda, you are mistaken.
 
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Whitten

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Banks and Goverments are fighting it due to the inability to control it for their own agenda.
Sure, that's what I said.

I highly suggest any of you with any interest whatsoever, do your homework and learn how the world is changing through Blockchain technology
Well at the moment, blockchain and crypto currencies are a disaster for the climate. So no, I won't be jumping aboard until they find a way to not burn huge amounts of fossil fuel power to create it and run it. Same for NFT's.
 

Rotarded

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Well at the moment, blockchain and crypto currencies are a disaster for the climate. So no, I won't be jumping aboard until they find a way to not burn huge amounts of fossil fuel power to create it and run it. Same for NFT's.

This is exactly the type of F.U.D. I was referring to in my earlier post. Inaccurate at best, created to deceive, and broadcast to an unknowing world.
 

Whitten

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This is exactly the type of F.U.D. I was referring to in my earlier post. Inaccurate at best, created to deceive, and broadcast to an unknowing world.
It comes from Columbia University though and I've seen the same type of criticism from environmental groups. How is it EXACTLY wrong or inaccurate?
I see from your avatar you might not be the most impartial judge.
 

dyland

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This is exactly the type of F.U.D. I was referring to in my earlier post. Inaccurate at best, created to deceive, and broadcast to an unknowing world.
Dude, I'm pretty much with you. But this board ain't the place for that. Folks gonna flip. Just saying.
 

Murat

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This is exactly the type of F.U.D. I was referring to in my earlier post. Inaccurate at best, created to deceive, and broadcast to an unknowing world.
I am a total dummy when it comes to this stuff so I have the most basic of questions: Can I take my bitcoin ( I don't even know how I do that) to a bank, or anywhere else and get actual cash for it? Is it convertible?
 

dyland

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I am a total dummy when it comes to this stuff so I have the most basic of questions: Can I take my bitcoin ( I don't even know how I do that) to a bank, or anywhere else and get actual cash for it? Is it convertible?
AFAIK (which is not a ton as I don't hold any crypto) no, you would trade it for USD to another individual on the market.
 

Rotarded

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It comes from Columbia University though and I've seen the same type of criticism from environmental groups. How is it EXACTLY wrong or inaccurate?
I see from your avatar you might not be the most impartial judge.

Impartial? Yeah, I can give you that point.

I have been a full time scholar of the Blockchain and Cryptocurrency for the last 30 months. I quite literally research most of my waking hours, and my employ has me managing hundreds of millions in property and resources all related to the field. My personal net worth exposure is 100%, as obviously is my entire future.

Watch the world change, or participate in it.
 

Rotarded

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I am a total dummy when it comes to this stuff so I have the most basic of questions: Can I take my bitcoin ( I don't even know how I do that) to a bank, or anywhere else and get actual cash for it? Is it convertible?
Yes it is, through exchanges such as Coinbase, or FTX. I can convert it, and send it to my Schwab checking account, then take out cash, or buy stocks .
 

Murat

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Yes it is, through exchanges such as Coinbase, or FTX. I can convert it, and send it to my Schwab checking account, then take out cash, or buy stocks .
I wonder what the tax implications would be if I , as a business, started accepting bitcoin...
 

Rotarded

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I wonder what the tax implications would be if I , as a business, started accepting bitcoin...
Your business would be KYC'd ( filed all identifying tax documents with whatever platform or wallet you use) and therefore you would be required to report all transactions, understanding that there is a very public record, made easy to search by anyone with a computer, of all of your business's bitcoin transactions.
 

Trilock_Gurtu

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This statement makes absolutely no sense whatsoever unless you really have no idea what Bitcoin is, or how it works.. Similar to a Dollar having smaller units such as the Penny, a Bitcoin is divisible as well. One Bitcoin can be divided into one hundred million units called Satoshis.

So, if I wanted to pay you $223,514.22, and Bitcoin is $55000, I'd send you 4.063894091 Bitcoin
 

cruddola

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Dial-up was pretty much gone before 2000. Bitcoin began in 2009.




You realize that the excessive printing of US dollars is creating inflation, devaluing the dollar at an unprecedented rate? Take the first $1200 stimulus check as an example. If you just held the cash, your buying power with it is now far less than the $1200 you originally got. If you bought $1200 of Bitcoin with it, you'd now have over $8000 in value/buying power.


I have been receiving 1/3 of my salary in Bitcoin for over 2 years. I converted my entire 401k into Greyscale Bitcoin Trust in 2019. I also have been buying and trading, (and even mined for a year) cryptocurrencies since 2017. Hence my Avatar!
You're responding to a retired old dude who has never taken out any loan or mortgage. I hear where you're coming from. I come from a different culture. Like my friends and relatives across the border, cash is King. Then gold. I don't believe in loans, credit, stocks and bonds. The banks own America's homes, autos, even your educations. I don't even believe in banks either. That's for city folks.

Out here my nearest neighbor is their cattle. Bitcoin might as well be banks. Never have, never will. Besides, banks have a history of playing the ethnic game. Remember Katrina? When even the stinking cash machines were useless. Nah, I ain't ever gonna play that game. That's for city folks. I'm my own bank. Needed the next sixteen acres from my neighbor. Gave him his cash at the deed-signing. No stinking bank.

It's proven when you see folks like me at Costco who speak a different language too. You know, the ones paying cash for their platform carts full of goods while the next checkout is dealing with a guy's insufficient funded plastic money card. Know what it's like to buy your houses with bricks of cash? Everything I have is paid for with nothing other than good old Yankee Dollars. My only bills are utilities, property taxes, home and car insurance and internet. I pay a year's worth at a time. Never a wife of fathered a kid. Total freedom.

I don't ever have to give a thought to a hacker ripping off my bank account, stealing my ID, stocks crashing, etc. All my crap is paid for. And when I want to purchase a high-ticket item, I go out back and grab the cash. Got plenty in six different states. The closest thing to Bitcoin I have is a stash in my PayPal account wallet. I never keep more than I'm willing to lose and still smile. Kinda like a casino.

I don't gamble with money. Worked too hard and went through a ton of Bull for it. Don't get me wrong, I love my chuck-eyes and rib-eyes on mesquite three times a week, then it's Halibut. Furthest from being a tightwad too. I don't like tightwads either.

See, money ain't at the top of the game for me. Never has. I'm good with what I have. I'm not rich, far from it. Don't need any more because then it becomes a frigging job. Ask the Narcos. I'm done working a job that took me to 57 nations in 34 years. I can go out on the porch without giving money a thought. Is my financial adviser gonna rip me off? Are my stocks gonna take a dive, none of that. I'm just saying for me, give me the cash. Life's simpler. I'm not city folk. Now back to playing my djembe for the cows, coyotes, snakes and rabbits. Drum on!
 

JDA

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Dial-up was pretty much gone before 2000. Bitcoin began in 2009.
I was on dial up for a long time after 2000. Was Bitcoin ever at $14 . If so what year.
nevermind)


When was $10 Bitcoin?
2011
Bitcoin Price in 2011: The Surge Pt.

Bitcoin is $55000
 
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