What's new
By:

Bitcoin and Cryptocurrency Discussion: Digital Currencies and Mining

Man selling home for Dogecoins

The 27-year-old entrepreneur has been selling games and gadgets over the Internet for years, but nothing as big as his Wisconsin vacation home, which he is offering for 100 million Dogecoins.Dogecoin (pronounced DOHJ-coin) isn't something tangible like the dollar bills in your wallet. It's an open source file-sharing form of cryptocurrency that was created by programmer Billy Markus in December 2013. The newbie cryptocurrency started off as a parody of Bitcoin, using the image of a perplexed Japanese dog. Chances are, you've probably seen Dogecoin's mascot somewhere on the Internet already. As the Shiba Inu would say: Wow, much coin-cidence.
But this satirical currency isn't just a punchline anymore. Through trading and transactions between users, the currency went from being worth nothing to being valued at more than $65 million, and it has a uniquely supportive community of users from the site Reddit.

Thompson, a user of Bitcoins since 2011, started buying and selling Dogecoins two days after they were made available online. But the early adopter didn't think of selling his vacation home for cryptocurrency until his property got no offers after several months on the market. His three-bedroom, two-bath home is one of 2,300 properties on sale in Sawyer County, in the state's northern woods.
Click to expand...
 
Sounds like Bitcoins are going to be taxed...Regulations like I mentioned a couple weeks ago.
 
Taxed as property rather than currency was what I saw last. They'll have to come up with regulations that somehow quickly adapt or apply to any digital currency for the most part though, otherwise they'll just regulate one, it will whither, and another new online currency will take it's place and be unregulated. The cycle would just continue.
 
Just a way to try to prevent people from really using them as easily as the USD or other physical currency and they get to tax the hell out of it in comparison by calling it capital gains. Basically using bitcoins as payment will be like you were bartering shares of stock in exchange for products.
 
I never thought this day would come:

You can now use Bitcoin to add money to your Microsoft account

You can now use Bitcoin to add money to your Microsoft account. Once you add money to your Microsoft account, you can use it as a payment option to buy apps, games, and other digital content from Windows, Windows Phone, Xbox Games, Xbox Music, or Xbox Video stores.
Click to expand...
 
Well I had my first dealing with these today for work. They are not easy to come by and are truly "anonymous". I never thought it would be so hard to purchase some. Thanks Cryptolocker 3.0
 
Well I had my first dealing with these today for work. They are not easy to come by and are truly "anonymous". I never thought it would be so hard to purchase some. Thanks Cryptolocker 3.0
Click to expand...
You bought some for work? Or you helped a client?
 
You must log in or register to reply here.
Back
Top