The Gross-Out: You People Are Disgusting :ahhh:

[deadlegion]

I thought it was technically illegal to buy anything using fake currency

[Grouch]

I thought it was technically illegal to buy anything using fake currency

it is in most places. I think they;re talking more about bit coin type currency.

[Slacker Magician]

I love the people who genuinely think it's going to replace all fiat currency and everybody one day is just gonna pick up and adopt it and discard all their other currency.

Oh but it will, you'll see!

[Slacker Magician]

it is in most places. I think they;re talking more about bit coin type currency.

Aye. You exchange other coins for bitcoin and bitcoin for money. Something like that anyway; I don't follow it very closely.

[deadlegion]

SOCOM Special Forces (PS3).
Timeshift (PS3).
Lego Lord of the Rings (PS3).
Tom Clancy's Splinter Cell conviction (Xbox 360).
Hour of Victory (Xbox 360).
Soldier of Fortune Payback (Xbox 360).
Metropolis Crimes (DS).
CSI Dark Motives (DS).

[Grouch]

Aye. You exchange other coins for bitcoin and bitcoin for money. Something like that anyway; I don't follow it very closely.

so ti's like going to an arcade where you exchange money for tokens win tickets and exchange those for prizes

[Grouch]

little sleep wake up early feeling like shit wait around all day for a call
I feel like this post should have a garfield comic attached to it.

[skullpoker]

I love the people who genuinely think it's going to replace all fiat currency and everybody one day is just gonna pick up and adopt it and discard all their other currency.

Probably won't happen this century, unless more people start realizing it's the only way to cut the balls off of the banking cartels and undermine their war-mongering.

[skullpoker]

I thought it was technically illegal to buy anything using fake currency

It's not a government issued, taxable currency. So in that sense it should be (from the governments perspective) illegal, much like trading goods for goods, a.k.a. barter system.

[skullpoker]

so ti's like going to an arcade where you exchange money for tokens win tickets and exchange those for prizes

In your example, you are buying a service(taxable), the tokens you use to play games. The arcade buys the prizes(taxable). The arcade pays lot rent and utility fees(taxable). You then enjoy the service by playing their games, which may or may not award tokens that you can redeem for prizes. While this may seem to be a not-taxed interaction at the prize stage, every other part of it makes it a legitimate interaction in the Governments view.

On the other hand, bitcoins can be mined as a fractional increment per clicked link. This makes it more like an Office Space scenario. You can feasibly write a piece of software that will allow you to mine those clicks and make transactions with "stolen" currency.

[Grouch]

In your example, you are buying a service(taxable), the tokens you use to play games. The arcade buys the prizes(taxable). The arcade pays lot rent and utility fees(taxable). You then enjoy the service by playing their games, which may or may not award tokens that you can redeem for prizes. While this may seem to be a not-taxed interaction at the prize stage, every other part of it makes it a legitimate interaction in the Governments view.

On the other hand, bitcoins can be mined as a fractional increment per clicked link. This makes it more like an Office Space scenario. You can feasibly write a piece of software that will allow you to mine those clicks and make transactions with "stolen" currency.

good points.

[deadlegion]

It's not a government issued, taxable currency. So in that sense it should be (from the governments perspective) illegal, much like trading goods for goods, a.k.a. barter system.

Bartering is taxable here afaik.

[Zaladane]

[Grouch]

hey zal

[Zaladane]

Yo!