Page 43 - Bit Coin News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Pornography or guns. >> we agree drugs only harm the users sometimes and personal choice, but what do you say to pie wife who says this is not good. one reason we have government is to protect people from this kind of stuff from these laws. >> i think that law enforcement is right now looking at going after these companies. they probably will be successful in my opinion because as i mentioned either bit coin is not completely anonymous. you have to understand criminals can use cash to accomplish the same thing. actually it is a drop in the bucket of the total drug trade. >> you have to keep in...

John: that is from a web site called source fees. >> that parliament -- the parliament passed to give a ruling and they say it is private money ended allows them to bypass the tax implications we have not seen that guidance from the irs yet but i think we will. john: they will say it is okay? >> because private monday it traditionally has been if you think of the brooklyn box you can exchange private mini it is just the capital gains. john: i hope so because i bought some i looked at the price of bit coin since they have been introduced i wish i had bought them last year where they have apprec...

Coins but there's a limit on the total number automatically? >> total number of bit coin that will ever exist is 21 million. it will get there around the year 2040. that makes the coin de anythings nature recur ren see ch there is no bank that can't make more of them. >> how do i know a kid will make more. >> many experts tried to crack the coin code has been unable to do so. so far it has been totally stable. >> you mentioned pay bill. why not use that instead? >> that is the exciting part is for the first time we can transact without a third party. if i wanted to send you $100 we would have ...

>> that is from source feed. what does that mean? >> germany asked the central banker to give a ruling on bit coin that would earn the respect which is to say private money. that legitimizes it and allows you to think about tax implications. that's where we don't see the guidance of the irs yet but we will see it pretty soon. >> they will say it's okay. >> they will say okay because private money has been traditionally okay in the u.s. when you think about brooklyn bucks you can exchange private money. it is about the capital gains they are going to be concerned about. >> i bought some and i l...

Every country your account cannot be frozen it is changing finances the way the web changes publishing. john: baby.fz how bit coin works it is hard to get your brain around >> you first have to understand bit coin is not only one dash owned by a company or controlled by anybody or protocol like the web digital currency that you can exchange money with anybody in the world without the use of a third party like mastercard. john: you are creating anonymous computers? >> everyone that is part of the network contributes their capacity to discover new bit coin in day reconciles those transactions th...