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Comment taxable commodity? (Score 1) 77

What if you never sell if for "cash", is there a gain (or loss)?

Say you purchase 1 bitcoin for, say $700. Later, the purchasing power "appears" to be about $1000 (or whatever).

I can see the argument for capital gains if I just sell it for the cash, but if I purchase something, it is just cheaper for me, like it is on sale.

Like if someone has foreign currency left over from a trip and they go back later when it is worth more. (Glad I didn't keep any of my ~$1.55 euros from my 2008 trip, to use on my 2015 trip when they were only ~$1.07, it's not like I could declare a long term loss...)

I am sure there are all kinds of rules about currency "trading" and ordinary tourists probably don't come under those rules... and I suspect small amounts of bitcoin will garner the same attention from taxing authorities.

Comment And the Singularity is no cure... (Score 2) 108

Yeah, we're all gonna die.

Some day, you may be able to perform a very altruistic act, and donate your personality to the "singularity" (e.g. "upload yourself").

I say altruistic, since, YOU, of course, will still be dead.

If your virtualized self doesn't recognize the fact that it is not really you, I wouldn't want my avatar to have to deal with you, even virtually.

Sales feature for future "singularity" providers - add a virus checker to weed out such pompous personalities, and cater to a more humble crowd. (don't worry, there is no reason why one wouldn't be able to "upload" themselves to more than one provider. Heh, this means some of your virtual selves will resent your for their placement. Hopefully, "self-delete" will always be an option.

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