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Old 05-30-2017, 12:28 PM   #21
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Not sure how I feel about bitcoin or how it is used on the dark web to traffic children and pay for child porn to hide their identities. I almost feel like we should not be using them. On the other hand though there are benefits but do the benefits outweigh the harm it causes? Not sure.
That is such a vapid argument. We'd better look at banning the Canadian and American dollar as well if this is really your position, because guess what? Both are used for the exact same nefarious purposes.
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Old 05-30-2017, 01:19 PM   #22
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That is such a vapid argument. We'd better look at banning the Canadian and American dollar as well if this is really your position, because guess what? Both are used for the exact same nefarious purposes.
But all legal tender has ways to track it, bitcoin doesn't. The fact that it has value is what is driving the ransomware outbreaks untraceable currency that can be demanded without fear.

But child porn and other issues were here long before bitcoins its definitely not related. As you said the currency isn't the issue.
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Old 05-31-2017, 08:55 AM   #23
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One of many who is too boring; thinks that there should be rules regarding grammar in custom user titles, and also makes moderators wonder if there is a charachter limit here. I mean come on- you would think that would be a limitation in the software
 
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No, Bitcoin is not "driving" ransomware and the like. That also existed decades before cryptocurrencies. It makes it easier for the crooks, I agree, but there is no cause and effect here.
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Old 05-31-2017, 09:08 AM   #24
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Cryptocurrency may not be driving sickening things like child porn but it facilitates the sale and distribution and makes it hard to track down the abusers and producers.
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Old 05-31-2017, 09:30 AM   #25
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One of many who is too boring; thinks that there should be rules regarding grammar in custom user titles, and also makes moderators wonder if there is a charachter limit here. I mean come on- you would think that would be a limitation in the software
 
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So does cash.

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Old 05-31-2017, 09:47 AM   #26
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So does cash.

They can't track cash?
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Old 05-31-2017, 09:51 AM   #27
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Digital cameras too, be a lot easier to track these guys if they couldn't make digital images or videos.
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Old 05-31-2017, 10:56 AM   #28
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No, Bitcoin is not "driving" ransomware and the like. That also existed decades before cryptocurrencies. It makes it easier for the crooks, I agree, but there is no cause and effect here.
Making something easier usually affects how many people do it.

http://www.zdnet.com/article/how-bit...mware-attacks/
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Old 05-31-2017, 11:35 AM   #29
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If we are going down that road you might as well ban the internet all together

its 90% scams, porn, cyber bullying, hate speech ect.
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Old 05-31-2017, 12:04 PM   #30
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Making something easier usually affects how many people do it.

http://www.zdnet.com/article/how-bit...mware-attacks/
better ban kids then. It's the only way to ensure that no children are harmed by these demon crypto-currencies!
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Old 05-31-2017, 07:19 PM   #31
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better ban kids then. It's the only way to ensure that no children are harmed by these demon crypto-currencies!
I think you are quoting the wrong person, I support the currency.
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Old 06-01-2017, 08:01 AM   #32
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I think you are quoting the wrong person, I support the currency.
I was agreeing, not rebutting
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Old 06-01-2017, 08:24 AM   #33
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I'm thinking about buying $1000 CAD worth of bitcoin and hoping.

I've lost money gambling in Vegas before, so although it would be a bitter loss, I could financially handle it. Really wish I bought $1000 CAD worth in 2010
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Old 06-01-2017, 12:23 PM   #34
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I'm thinking about buying $1000 CAD worth of bitcoin and hoping.

I've lost money gambling in Vegas before, so although it would be a bitter loss, I could financially handle it. Really wish I bought $1000 CAD worth in 2010
I know many people that got in early...#### those guys lol


If you are patient you will make money...BTC has a limited supply, eventually the price is gonna go up. Certainly better odds than the casino...don't pull out on the dips, that is what they want you to do. BTC is heavily manipulated
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Old 06-01-2017, 01:21 PM   #35
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I'm thinking about buying $1000 CAD worth of bitcoin and hoping.

I've lost money gambling in Vegas before, so although it would be a bitter loss, I could financially handle it. Really wish I bought $1000 CAD worth in 2010
I thought the same thing, but I chose Ethereum to invest in rather than BTC. I decided it had greater potential.
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Old 06-01-2017, 02:49 PM   #36
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Would this need to be reported to the CRA? Hypothetically, if someone made $50K on bitcoin and converted it back.
- Should it be reported?
- Would you report it?


.... hypothetically
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Old 06-01-2017, 03:08 PM   #37
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One of many who is too boring; thinks that there should be rules regarding grammar in custom user titles, and also makes moderators wonder if there is a charachter limit here. I mean come on- you would think that would be a limitation in the software
 
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I have a buddy who called the CRA about that exact question and the answer is yes. It would inevitably be a self-report thing though as I doubt the CRA has any way to actually track.
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Old 06-02-2017, 06:48 AM   #38
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The government seems to like when people report income ��
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Old 06-02-2017, 08:33 AM   #39
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Would this need to be reported to the CRA? Hypothetically, if someone made $50K on bitcoin and converted it back.
- Should it be reported?
- Would you report it?


.... hypothetically
I am wondering if I can somehow label my Ethereum investment as a TFSA investment and have it be tax-free.
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Old 06-07-2017, 03:18 PM   #40
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Get a Treznor and tell the CRA to EAD

Obviously you will have to report when you convert to fiat and have it wired to your bank account...I am in BTC for the long term though
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