71–80 of 227 posts
This seems so fake. If its too good to be true...
It'd be nice if some of the money were used to make it easier for charities to convert to cash as quickly as possible. Bitcoin pointlessly consumes so much dirty energy, I imagine many environmental charities see bitcoin akin to blood money.
https://blog.bitcoin.org.hk/bitcoin-mining-and-energy-consum... While some coal in landlocked and inaccessible locations is fired up in an environmentally unfriendly process to mine Bitcoins, most miners are powered by hydrogen dams, geysers and other geothermal energy sources that cannot be transported or stored.
Earlier quoted context omitted.
A couple of the folks I know are just HODLing until BTC hits $150,000. Most of them bought Bitcoin when it was a couple of $, haven’t bought Bitcoin since and are just waiting it out to see what happens.
Why $150,000 exactly? Because of what the market cap will be then?
Earlier quoted context omitted.
your mistake was calling it a BTC co. talking with bankers is an art. I have plenty of "software services" that primarily transact in bitcoin and cash out to bank accounts from bitcoin exchanges.
How much do you exchange though? There seems to be some kind of hard wall at £100k in the UK, and anything more than that seems to get a personal call from a fraud investigator who demands documents proving what money was moved, where it came from, where it is going to, who it is for, and what was bought or sold with receipts etc. Do 10 payments for £10k each, and you'll usually get the same call. If the word bitcoin…
its easy to get this problem in the US but I know how to navigate it here, all of my bank statements have the transactions as listed as BTC somewhere. Coinbase tx's have BTC in the statement line item, some of my OTC exchanges do too.
It's hard to sell large amounts of bitcoin. Most banks, when they see an incoming wire transfer for $10M marked "bitcoin" will run a mile and close down your account. Hopefully by 'donating' it to these charities, who will probably choose to sell slowly over time or hold it, that alleviates the problem.
I'm curious - is this making charitable donations in lieu of taxes on the gains?
I think you should do a little research on how cap gains taxes interact with charity, it's not how you think.
The world needs a lot more people like this. The example being set here should be emulated by many others.
Can someone explain this to me? Where did this BTC come from? There was a single deposit on 12/8 of like 5k BTC. Since then there have been withdrawls from that address. https://bitinfocharts.com/bitcoin/address/3P3QsMVK89JBNqZQv5...
Watsi cofounder here. We're extremely grateful for this support. It's going to enable us to help a lot of patients access healthcare. I also think it's great for the crypto community as a whole. Thank you, Pineapple!
Earlier quoted context omitted.
That's always why I have a good laugh when someone comes out claiming to be Satoshi when they end their sentences with only a single space after a period. If you wanted to come out as Bitcoin's creator, you'd have used 2 spaces...
I think that just shows the age of the person. I learned how to type correctly on a typewriter, and that is the way that we learned. It means, for me, that SN, like me, was educated in the 70's and 80's, and formally learned how to type. Disclosure : Am not satoshi.
There's likely more at play than just typewriter vs non-typewriter.