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Unfolding Nature Shop: Unfolding Nature: Being in the Implicate Order

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Who says it's hard dealing in bitcoins
    #22031167 -

This applies to anyone who lives in a major city, because most, if not all major cities have bitcoin ATMs somewhere

I wanted to purchase something through a vendor (something legal, no bullshit), but they only deal in bitcoins

- drove to bitcoin ATM location
- press buy bitcoins
- enter cash into the machine
- bitcoin ATM scans my bitcoin wallet (cell phone)
- I now own bitcoin
- went to vendor site and placed order
- scanned their bitcoin wallet with my cell

Transaction done. All in all it was about 10 minutes worth of procedure. Easiest shit ever, people.


--------------------
:niffla:

ACADEMY AWARD WINNING ACTOR
WG32 KILLED HOFFA
PROFESSIONAL BALL BUFFERER
WORST NEIGHBORHOOD YARD OF 2026 WINNER
OTD’S FORMER PRODIGAL SON
TODAY IS BEER DAY

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Re: Who says it's hard dealing in bitcoins [Re: Nifflerz]
    #22031173 -

You wanted to purchase "something legal"... :wink:

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Re: Who says it's hard dealing in bitcoins [Re: Nifflerz]
    #22031187 -

By the way, I sat down and had a few beers afterward, and the bartender and I started talking about bitcoins.

I asked him if they get a lot of traffic there for the ATM -- and he said it would blow my fucking mind. Said that some days the ATM alone banks more than the bar itself. Told me that 2 young ass white dudes, looking like teenagers, walked in earlier and sat there for a full half hour dumping twenties into the machine. Claims that they put north of 5 grand easily into the machine :lol:

wonder what they were going to buy tonight...jeez


--------------------
:niffla:

ACADEMY AWARD WINNING ACTOR
WG32 KILLED HOFFA
PROFESSIONAL BALL BUFFERER
WORST NEIGHBORHOOD YARD OF 2026 WINNER
OTD’S FORMER PRODIGAL SON
TODAY IS BEER DAY

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Re: Who says it's hard dealing in bitcoins [Re: Nifflerz]
    #22031211 -

who says spaghetti hamburger hotsdogs cookin in ur overn when your just simply pickin cherries in a field of daisies?


--------------------
*
Live by the mushroom, die by the mushroom
:mushroom2::rainbowdrink:
This is a trap! A trap! You are all busted! Busted! You fools!
:twirlyface:

If a time comes where I fail to appear I've been abducted and I will miss you all
Please smile and pet puppies as often as possible
Be happy
Be nice
(<3);}

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Re: Who says it's hard dealing in bitcoins [Re: Shroomopotamus]
    #22031217 -

:yogabunny:


--------------------
:niffla:

ACADEMY AWARD WINNING ACTOR
WG32 KILLED HOFFA
PROFESSIONAL BALL BUFFERER
WORST NEIGHBORHOOD YARD OF 2026 WINNER
OTD’S FORMER PRODIGAL SON
TODAY IS BEER DAY

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Re: Who says it's hard dealing in bitcoins [Re: Nifflerz]
    #22031368 -

i think its a pretty stupid business decision to choose the currency your business accepts to be Bitcoins, given that it is an un-regulated and volitile form of currency. one that your only going to have to convert back to cash at some stage anyway. thats pretty much just gambling and hoping it appreciates in value i guess.


--------------------

R.I.P. WoodRuss67, Todcasil, TheMerryIguana, The Rompus, Lord Senate.
[/url]

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Re: Who says it's hard dealing in bitcoins [Re: Soulidarity]
    #22031378 -

Soulidarity said:
i think its a pretty stupid business decision to choose the currency your business accepts to be Bitcoins, given that it is an un-regulated and volitile form of currency. one that your only going to have to convert back to cash at some stage anyway. thats pretty much just gambling and hoping it appreciates in value i guess.


My guess is most, if not all businesses who operate via bitcoin transactions cash out very quickly, because like you said the currency is so volatile.

No way they keep large sums of BTC just sitting there.


--------------------
:niffla:

ACADEMY AWARD WINNING ACTOR
WG32 KILLED HOFFA
PROFESSIONAL BALL BUFFERER
WORST NEIGHBORHOOD YARD OF 2026 WINNER
OTD’S FORMER PRODIGAL SON
TODAY IS BEER DAY

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Re: Who says it's hard dealing in bitcoins [Re: Nifflerz]
    #22031399 -

Speaking of BTC, check out this story I came across.

http://www.theguardian.com/technology/2013/oct/29/bitcoin-forgotten-currency-norway-oslo-home

Summary: Dude bought $27 worth of BTC in its infancy because he was doing research on it (a thesis on encryption to be exact). That $27 netted him 5,000 bitcoins.

A couple of years went by and he had completely forgot about them. He heard about the currency again and it jogged his memory on the BTC he purchased a few years prior.

When he went back and checked his BTC wallet -- he now had $887 thousand dollars worth of bitcoin.


--------------------
:niffla:

ACADEMY AWARD WINNING ACTOR
WG32 KILLED HOFFA
PROFESSIONAL BALL BUFFERER
WORST NEIGHBORHOOD YARD OF 2026 WINNER
OTD’S FORMER PRODIGAL SON
TODAY IS BEER DAY

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Re: Who says it's hard dealing in bitcoins [Re: Nifflerz]
    #22031401 -

:strokebeard: I should go buy some, just 'cause I never have.  I preferred buying my drugs off shady immigrants, because I am a liberal and I like to support illegals, but I am totally in support of the philosophy behind these new curriencies.  What is the lowest denomination bitcoin you can get?  Like do they go down to tiny fractions of a bitcoin, or is there a low end to the value you can posses in bitcoins?

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Re: Who says it's hard dealing in bitcoins [Re: Nifflerz]
    #22031408 -

but thats what i mean. it seems like theyre adding an un-necessary level of risk to their business, and making things alot difficult for their customer base who will more then likely go elsewhere.

even with how simple the process is you've described, most people have no idea what bitcoin is or how to work with it or anything about it. and majority of people wouldn't trust it or use it even if they knew how


--------------------

R.I.P. WoodRuss67, Todcasil, TheMerryIguana, The Rompus, Lord Senate.
[/url]

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Re: Who says it's hard dealing in bitcoins [Re: Nifflerz]
    #22031409 -

Soulidarity said:
i think its a pretty stupid business decision to choose the currency your business accepts to be Bitcoins, given that it is an un-regulated and volitile form of currency. one that your only going to have to convert back to cash at some stage anyway. thats pretty much just gambling and hoping it appreciates in value i guess.


I'm sure there are those who stockpile the coins and hope for a significant increase in value to cash out on, but I'm going to go out on a limb and guess most business don't really sit on them long enough for the volatile economy of them to really pose much of a risk. I dunno, I don't have any experience with it, but it seems like common sense.

The motivation behind most bitcoin purchases is the anonymity it provides. Maybe they just don't want the trail to be so easy to follow. Which brings me to the original question I was going to ask..

Niffla said:
I wanted to purchase something through a vendor (something legal, no bullshit), but they only deal in bitcoins



How legal are we talking here? Are we talking about just everyday goods the equivelant to what you'd buy in Wal-mart or something, or are we talking about something that could be risky to deal in, may be illegal in the near future and just not illegal at this moment?


--------------------
With my face against the floor I can’t see who knocked me out of the way.
I don’t want to get back up but I have to so it might as well be today.
Nothing appeals to me no one feels like me, I’m too busy being calm to disappear.
I’m in no shape to be alone contrary to the shit that you might hear.


You can't wake up, this is not a dream. You're part of a machine, you are not a human being
With your face all made up, living on a screen. Low on self esteem, so you run on gasoline

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Re: Who says it's hard dealing in bitcoins [Re: Nifflerz]
    #22031418 -

Niffla said:
Speaking of BTC, check out this story I came across.

http://www.theguardian.com/technology/2013/oct/29/bitcoin-forgotten-currency-norway-oslo-home

Summary: Dude bought $27 worth of BTC in its infancy because he was doing research on it (a thesis on encryption to be exact). That $27 netted him 5,000 bitcoins.

A couple of years went by and he had completely forgot about them. He heard about the currency again and it jogged his memory on the BTC he purchased a few years prior.

When he went back and checked his BTC wallet -- he now had $887 thousand dollars worth of bitcoin.


fuck that is pretty sick. i remember when i was thinking of buying in at like $5 a bitcoin and thinking ' nah.. its too expensive ' :okay:


--------------------

R.I.P. WoodRuss67, Todcasil, TheMerryIguana, The Rompus, Lord Senate.
[/url]

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Re: Who says it's hard dealing in bitcoins [Re: Shroomslip]
    #22031420 -

Shroomslip said:
How legal are we talking here? Are we talking about just everyday goods the equivelant to what you'd buy in Wal-mart or something, or are we talking about something that could be risky to deal in, may be illegal in the near future and just not illegal at this moment?


may be illegal in the near future but not illegal at the moment

guess it makes it easier for them to disappear into thin air if & when that day comes


--------------------
:niffla:

ACADEMY AWARD WINNING ACTOR
WG32 KILLED HOFFA
PROFESSIONAL BALL BUFFERER
WORST NEIGHBORHOOD YARD OF 2026 WINNER
OTD’S FORMER PRODIGAL SON
TODAY IS BEER DAY

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Re: Who says it's hard dealing in bitcoins [Re: Nifflerz]
    #22031430 -

Yeah and I'm guessing it makes tax evasion a whole lot easier.

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Re: Who says it's hard dealing in bitcoins [Re: Nifflerz]
    #22031437 -

Niffla said:
Shroomslip said:
How legal are we talking here? Are we talking about just everyday goods the equivelant to what you'd buy in Wal-mart or something, or are we talking about something that could be risky to deal in, may be illegal in the near future and just not illegal at this moment?


may be illegal in the near future but not illegal at the moment

guess it makes it easier for them to disappear into thin air if & when that day comes


can you explain the linguistics of this post for me?


--------------------
*
Live by the mushroom, die by the mushroom
:mushroom2::rainbowdrink:
This is a trap! A trap! You are all busted! Busted! You fools!
:twirlyface:

If a time comes where I fail to appear I've been abducted and I will miss you all
Please smile and pet puppies as often as possible
Be happy
Be nice
(<3);}

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Re: Who says it's hard dealing in bitcoins [Re: moonrockmushy]
    #22031441 -

moonrockmushy said:
Yeah and I'm guessing it makes tax evasion a whole lot easier.


That's kinda what I was wondering. Is their decision to only accept Bitcoin motivated by the fact that it could be risky selling what they are and may be illegal in the near future, or are they just trying to create less of a paper trail and avoid taxes (among other things).


--------------------
With my face against the floor I can’t see who knocked me out of the way.
I don’t want to get back up but I have to so it might as well be today.
Nothing appeals to me no one feels like me, I’m too busy being calm to disappear.
I’m in no shape to be alone contrary to the shit that you might hear.


You can't wake up, this is not a dream. You're part of a machine, you are not a human being
With your face all made up, living on a screen. Low on self esteem, so you run on gasoline

Extras: Filter Print Post Top
Re: Who says it's hard dealing in bitcoins [Re: Soulidarity]
    #22031443 -

Soulidarity said:
but thats what i mean. it seems like theyre adding an un-necessary level of risk to their business, and making things alot difficult for their customer base who will more then likely go elsewhere.

even with how simple the process is you've described, most people have no idea what bitcoin is or how to work with it or anything about it. and majority of people wouldn't trust it or use it even if they knew how


Yeah like Shroomslip was saying, most likely anybody who is only accepting bitcoin probably has good reason to, and is doing so for the anonymity. Otherwise I would agree that only dealing in BTC isn't near a consistent enough currency to sustain a business (your average business anyway).


--------------------
:niffla:

ACADEMY AWARD WINNING ACTOR
WG32 KILLED HOFFA
PROFESSIONAL BALL BUFFERER
WORST NEIGHBORHOOD YARD OF 2026 WINNER
OTD’S FORMER PRODIGAL SON
TODAY IS BEER DAY

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Re: Who says it's hard dealing in bitcoins [Re: moonrockmushy]
    #22031453 -

its no different then a share portfolio i'd say. tax isn't payable untill an asset crystalizes. i.e. untill you claim it.

so, lets say you bought a stock with nifflas 5000 BTC example, and kept them and they rose to 887k. tax is not payable on any of those gains untill you sell off the portfolio and get your hands on the cash for them. same as when you purchase a house. you only pay tax once the property is sold.

and so you can take a year off work, and just sell off your BTC portfolio bit by bit and keep yourself within the lower tax brackets. or just sell portions of the portfolio in excess of your actual income to use up as much of the lower tax brackets as possible

assuming you BTC doesnt crash and lose its value that is

because if you cash out 887k all at once the government is going to take a massive bite out of that moolah


--------------------

R.I.P. WoodRuss67, Todcasil, TheMerryIguana, The Rompus, Lord Senate.
[/url]

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Re: Who says it's hard dealing in bitcoins [Re: Nifflerz]
    #22031455 -

Niffla said:
Soulidarity said:
but thats what i mean. it seems like theyre adding an un-necessary level of risk to their business, and making things alot difficult for their customer base who will more then likely go elsewhere.

even with how simple the process is you've described, most people have no idea what bitcoin is or how to work with it or anything about it. and majority of people wouldn't trust it or use it even if they knew how


Yeah like Shroomslip was saying, most likely anybody who is only accepting bitcoin probably has good reason to, and is doing so for the anonymity. Otherwise I would agree that only dealing in BTC isn't near a consistent enough currency to sustain a business (your average business anyway).


what anonymity? the guy runs a business selling products, he probably has a registered business name, a lease, phone and utilities contracts, probably even advertising for his business. he is not anonymous at all


--------------------

R.I.P. WoodRuss67, Todcasil, TheMerryIguana, The Rompus, Lord Senate.
[/url]

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Re: Who says it's hard dealing in bitcoins [Re: Shroomopotamus]
    #22031460 -

Shroomopotamus said:
Niffla said:
Shroomslip said:
How legal are we talking here? Are we talking about just everyday goods the equivelant to what you'd buy in Wal-mart or something, or are we talking about something that could be risky to deal in, may be illegal in the near future and just not illegal at this moment?


may be illegal in the near future but not illegal at the moment

guess it makes it easier for them to disappear into thin air if & when that day comes


can you explain the linguistics of this post for me?


legal RC vendors im guessing


--------------------

R.I.P. WoodRuss67, Todcasil, TheMerryIguana, The Rompus, Lord Senate.
[/url]

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Unfolding Nature Shop: Unfolding Nature: Being in the Implicate Order

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