Bitcoin payments!!!
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- Posts: 22
- Joined: Wed Mar 26, 2008 3:20 am
Bitcoin payments!!!
With what happened in Cyprus, (and currency devaluation and manipulation) I honestly believe that the Bitcoin ( http://bitcoin.org/en/) is here to stay.
It's use will grow. http://money.cnn.com/video/news/2013/04 ... .cnnmoney/
What do you think?
It's use will grow. http://money.cnn.com/video/news/2013/04 ... .cnnmoney/
What do you think?
Re: Bitcoin payments!!!
It's interesting but it's not backed by any country or solid assets. I can think of several examples throughout history where a currency rapidly lost value and rampant inflation took over. I think it's rather like the Eurozone in that it looks great until something comes along that it wasn't designed to handle and then it starts to fall apart. The problem is guessing if or when that will happen and is it worth the ride until then.
- doctordoom
- Posts: 41
- Joined: Tue Sep 25, 2012 10:39 am
- Contact:
Re: Bitcoin payments!!!
If a patient was to try to pay me with bitcoin then i'd tell them to GTFO.
Re: Bitcoin payments!!!
When there were sanctions on Iran, heard they were using Bitcoin a lot.
If paypal adopts bitcoin, not sure why it won't become the new medium.
If paypal adopts bitcoin, not sure why it won't become the new medium.
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- Posts: 22
- Joined: Wed Mar 26, 2008 3:20 am
Re: Bitcoin payments!!!
I wonder how IRS is going to tax this.
Assuming Cash basis accounting. Be taxed twice?
1. Same as cash at the time of service? Maybe what the procedural market worth of the services?
2. When you cash it out for US Dollars, Get taxed on capital gains?
Please comment.
"I know nothing" Sargent Shultz from Hogan's Heroes
Assuming Cash basis accounting. Be taxed twice?
1. Same as cash at the time of service? Maybe what the procedural market worth of the services?
2. When you cash it out for US Dollars, Get taxed on capital gains?
Please comment.
"I know nothing" Sargent Shultz from Hogan's Heroes
- Justin Shafer
- Posts: 596
- Joined: Sat Jul 28, 2007 7:34 pm
- Location: Fort Worth, TX.
Re: Bitcoin payments!!!
I really must toss this mouse.
Last edited by Justin Shafer on Thu May 02, 2013 8:01 pm, edited 1 time in total.
Justin Shafer
Onsite Dental Systems
817-909-4222
justin@onsitedentalsystems.com
http://www.onsitedentalsystems.com
http://iocsnapshot.com
http://justinshafer.blogspot.com
Onsite Dental Systems
817-909-4222
justin@onsitedentalsystems.com
http://www.onsitedentalsystems.com
http://iocsnapshot.com
http://justinshafer.blogspot.com
- Justin Shafer
- Posts: 596
- Joined: Sat Jul 28, 2007 7:34 pm
- Location: Fort Worth, TX.
Re: Bitcoin payments!!!
Mark of the beast technology.
Justin Shafer
Onsite Dental Systems
817-909-4222
justin@onsitedentalsystems.com
http://www.onsitedentalsystems.com
http://iocsnapshot.com
http://justinshafer.blogspot.com
Onsite Dental Systems
817-909-4222
justin@onsitedentalsystems.com
http://www.onsitedentalsystems.com
http://iocsnapshot.com
http://justinshafer.blogspot.com
Re: Bitcoin payments!!!
Hmmm. Not sure what to make of BitCoin yet.
I'm sure this kind of stuff will all get ironed out eventually. But might be too soon to adopt it just yetRogue Employee Turns Gaming Network Into Private Bitcoin Mine
http://www.wired.com/wiredenterprise/2013/05/esea
Cheers,
Bill Starck, DDS
Big Idea Software, LLC
Developer, EASy(Electronic Anesthesia System) for Open Dental
817-807-1709
TX, USA
Bill Starck, DDS
Big Idea Software, LLC
Developer, EASy(Electronic Anesthesia System) for Open Dental
817-807-1709
TX, USA