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Wales
by Joske Vermeule, September 1
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Forums39
Topics49,880
Posts837,761
Members9,597
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Most Online1,063
Jun 14th, 2026
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There are no members with birthdays on this day. |
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Joined: Sep 2011
Posts: 14,748 Likes: 158
Member of the Inner Circle
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Member of the Inner Circle
Joined: Sep 2011
Posts: 14,748 Likes: 158 |
Now Facebook has banned the promotion of Bitcoin and other speculative financial products.
Peter ![[Linked Image]](http://bradley.it/public_images/drive.jpg)
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Joined: Apr 2008
Posts: 12,263 Likes: 320
Scruffy Oik Member of the Inner Circle
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Scruffy Oik Member of the Inner Circle
Joined: Apr 2008
Posts: 12,263 Likes: 320 |
It's not Bitcoin, but there's been a big scam based on using the Ethereum Blockchain. A company has disappeared with supposedly millions of investor's money, leaving a one-word message.
Tim H.
1986 4/4 VVTi Sport, 2002 LR Defender, 2022 Mini Cooper SE
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Joined: Dec 2008
Posts: 22,366 Likes: 354
Roadster Guru Member of the Inner Circle
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Roadster Guru Member of the Inner Circle
Joined: Dec 2008
Posts: 22,366 Likes: 354 |
I think Mug might have been a better choice.
DaveW
'05 Red Roadster S1
'16 Yellow (Not the only) Narrow AR GDI Plus 4
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Joined: Sep 2007
Posts: 1,646 Likes: 1
Talk Morgan Enthusiast
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Talk Morgan Enthusiast
Joined: Sep 2007
Posts: 1,646 Likes: 1 |
I don't understand why, given the scams and thefts, that people who have any kind of Crypto don't keep them in offline hardware safes.
The one I have is simple to use and was the princely sum of £68
Aero 8 GTN. #10
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Joined: Jul 2012
Posts: 1,616 Likes: 1
Talk Morgan Enthusiast
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Talk Morgan Enthusiast
Joined: Jul 2012
Posts: 1,616 Likes: 1 |
I think Mug might have been a better choice. Or knob
John
1992 plus4 connaught green
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Joined: Mar 2009
Posts: 11,533 Likes: 318
Smile, it confuses them Member of the Inner Circle
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Smile, it confuses them Member of the Inner Circle
Joined: Mar 2009
Posts: 11,533 Likes: 318 |
Blimey the crowds are turning ugly a bit quicker than I expected. https://www.bloomberg.com/news/articles/...cing-blockchain
Everyone loves a Morgan. Even me, unless it's broken again.
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Joined: Apr 2008
Posts: 12,263 Likes: 320
Scruffy Oik Member of the Inner Circle
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Scruffy Oik Member of the Inner Circle
Joined: Apr 2008
Posts: 12,263 Likes: 320 |
Here in the UK, HMRC see crypto-currencies as another source of revenue - income derived from trading is subject to income tax, and of course the profits are subject to Capital Gains tax.
But of course you can't pay the tax with the cryptocurrency. Make a million from Bitcoin and you've still got to pay your 40% or whatever in actual pounds...
Tim H.
1986 4/4 VVTi Sport, 2002 LR Defender, 2022 Mini Cooper SE
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Joined: May 2012
Posts: 1,705 Likes: 35
Talk Morgan Enthusiast
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Talk Morgan Enthusiast
Joined: May 2012
Posts: 1,705 Likes: 35 |
You never know. It might not be too long before HMRC also start accepting payments with cryptos too.
Roger
2011 Plus 4
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Joined: Jan 2009
Posts: 5,945 Likes: 28
Charter Member
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Charter Member
Joined: Jan 2009
Posts: 5,945 Likes: 28 |
The Indian government got rid og the old 500 and 1000 rupee notes to cut down on rampant black money so they can hardly be pleased with the potential of bitcoins to avoid taxes. Probably neither is HMRC but the civil service has never been noted for fast decisive action
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Joined: May 2012
Posts: 1,705 Likes: 35
Talk Morgan Enthusiast
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Talk Morgan Enthusiast
Joined: May 2012
Posts: 1,705 Likes: 35 |
Here in the UK, HMRC see crypto-currencies as another source of revenue - income derived from trading is subject to income tax, and of course the profits are subject to Capital Gains tax.
But of course you can't pay the tax with the cryptocurrency. Make a million from Bitcoin and you've still got to pay your 40% or whatever in actual pounds... Tax collection is perhaps the authorities main fear rather than ‘criminal activity’? If you did make your million and it resided in your super secure offline ledger then they might have difficulties taking their cut, in pounds. As crypto payments become more common collecting taxes from offline and P2P transactions might become a nightmare.
Roger
2011 Plus 4
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