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The Future of Payments and Open Source Support

lucumr.pocoo.org

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Re: The Future of Payments and Open Source Support

#61

Post by muyuu »

cbsmith wrote: post #60
muyuu wrote: post #57

Earlier quoted context omitted.

I said unwarranted. As in, not justified and not related to his recent anecdote.

> I said unwarranted. As in, not justified and not related to his recent anecdote. [Sorry. I couldn't believe you intended the correct meaning of unwarranted and instead meant "unjustified" in an entirely different sense.] As he pointed out, if tip4commit tried to do what it was doing with anything other than a crypto currency, it'd have to change its ways or be shut down rather quickly; either way, he'd not have to…

Here's this so you can learn some basic English vocabulary.

http://www.thefreedictionary.com/unwarranted

You don't need to thank me.

Re: The Future of Payments and Open Source Support

#62

Post by Nursie »

atmosx wrote: post #21

I envy this guy for living in a country where you can say things like that: The reason I bring this up is because our taxes are very high, but I get something for that money. It might not be the perfect system and there are lots of things about it that make me furious, but I do not see a reason why I would want to stop paying taxes. That must be one heck of a feeling. Gives me hope for the future.

It's not that unusual is it?

I hate the politics of my country (the UK) but it's not like I think stopping paying taxes would be a good idea. They cover roads, a social safety net, the nhs and so much else.

And I'm not exactly left wing.

Re: The Future of Payments and Open Source Support

#63

Post by muyuu »

joshfinnie wrote: post #28
muyuu wrote: post #23

Sorry Armin/Mr Ronacher/Mitsuhiko but your "Bitcoin is Wild West" rant is unwarranted. Your problem has little to do with Bitcoin and all to do with the fact that a bunch of guys signed you up to their payment service without your consent.

I agree except for the fact that his concern with tip4commit is that it wouldn't exist if bitcoin wasn't available. The fact that bitcoin is what is making tip4commit to run without much regulation is Armin's main point.

Hardly a justification for his rant.

Here's some other things without which it wouldn't have been possible:

- the internet

- computers

- life on planet Earth

Re: The Future of Payments and Open Source Support

#64

Post by Nursie »

firepacket wrote: post #45

This was a painful read. He says he "doesn't want to be educated about bitcoin" because "he's heard all the arguments", while at the same time claiming it's a "terrible currency (or not a currency at all)" without any further reasoning. This poor guy needs to be educated if he thinks that avoiding taxes, regulations, and credit card fees are the only applications. Common decency dictates that if you openly state you…

Perhaps he doesn't want to be educated about Bitcoin because he already gets it and the last thing he wants is to have to endure more proselytising from well-meaning but ultimately quite predictable evangelists.

Re: The Future of Payments and Open Source Support

#65

Post by exDM69 »

unclesaamm wrote: post #29

A recap of some important facts about tip4commit that weren't clear to me when this all started: 1) That they collect a 1% service fee on donations. 2) That they donate 1% of a project's pool for any given committer, which leads to this exponential decay where they never quite have 0 balance for any given project. If enough donors use tip4commit, that is potentially a lot of bitcoin pennies that is just sloshing arou…

> If enough donors use tip4commit, that is potentially a lot of bitcoin pennies that is just sloshing around their server.

I recall reading that they have 55 BTC "sloshing around their server" at the moment (no easy way of checking this on their website but seems reasonable looking at the top projects' funds).

By todays exchange rate, that's 18k USD, which is being handled with very little actual transparency. It is a genuine risk that the people behind this project will run away with 18k$ worth of BTC (or claim they were hacked).

I don't like this idea very much and I certainly would not like my projects to be up there.

Re: The Future of Payments and Open Source Support

#66

Post by sentenza »

muyuu wrote: post #63
joshfinnie wrote: post #28

Earlier quoted context omitted.

I agree except for the fact that his concern with tip4commit is that it wouldn't exist if bitcoin wasn't available. The fact that bitcoin is what is making tip4commit to run without much regulation is Armin's main point.

Hardly a justification for his rant. Here's some other things without which it wouldn't have been possible: - the internet - computers - life on planet Earth

Why do people keep referring to his post as a rant?

I'm from Germany, which has a taxation system very similar to that of Austria and to me this seems a rather level-headed assessment of the situation.

It irks me that many Bitcoin advocates continue to pretend that the rules don't apply to them. Assets are assets. You can't wiggle out of the tax code by doing some crypto on a computer.

And BTW: if you are in Germany and hold large amounts of Bitcoin, talk to your Steuerberater _right_ _now_. The Finanzamt isn't stupid.

Re: The Future of Payments and Open Source Support

#67

Post by alexruf »

Since I am from Germany and our banking and tax system is quite similar to the Austrian, I totally agree with Armin in each single point!

Maybe not exactly what Armin described as a solution - but did you already check Flattr (https://flattr.com/)? This also might work for supporting OpenSource projects.

Re: The Future of Payments and Open Source Support

#68

Post by muyuu »

sentenza wrote: post #66
muyuu wrote: post #63

Earlier quoted context omitted.

Hardly a justification for his rant. Here's some other things without which it wouldn't have been possible: - the internet - computers - life on planet Earth

Why do people keep referring to his post as a rant? I'm from Germany, which has a taxation system very similar to that of Austria and to me this seems a rather level-headed assessment of the situation. It irks me that many Bitcoin advocates continue to pretend that the rules don't apply to them. Assets are assets. You can't wiggle out of the tax code by doing some crypto on a computer. And BTW: if you are in Germany…

Because it has nothing to do with Bitcoin. It's because he was signed up to something without his consent. Bitcoin works not differently to cash in regards to taxation, and if you got dodgy envelopes with cash you wouldn't blame "cash" for it.

Re: The Future of Payments and Open Source Support

#69

Post by mangecoeur »

It's nice to see someone who isn't on a hype-high over Bitcoin for a change. I still don't see why people think that a new unregulated currency would be somehow free of all the problems and abuses that prompted all the regulation of existing currencies in the first place - y'know, tax, fraud, customer protection, money laundering, market rigging, etc etc...

Re: The Future of Payments and Open Source Support

#70

Post by Nursie »

muyuu wrote: post #68
sentenza wrote: post #66

Earlier quoted context omitted.

Why do people keep referring to his post as a rant? I'm from Germany, which has a taxation system very similar to that of Austria and to me this seems a rather level-headed assessment of the situation. It irks me that many Bitcoin advocates continue to pretend that the rules don't apply to them. Assets are assets. You can't wiggle out of the tax code by doing some crypto on a computer. And BTW: if you are in Germany…

Because it has nothing to do with Bitcoin. It's because he was signed up to something without his consent. Bitcoin works not differently to cash in regards to taxation, and if you got dodgy envelopes with cash you wouldn't blame "cash" for it.

In some places it's treated as an asset rather than cash. In some it's illegal.

If I got unwanted cash, in a new currency, from enthusiasts keen that I take it regardless and refusing to opt me out of their system... I might think less of that new currency too.

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