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You must be processing a lot of money to feel $6k in the very brief period Bitcoin was $1k a pop is nothing. I think most people would remember that. And how is
by hartpuff 11y ago
You must be processing a lot of money to feel $6k in the very brief period Bitcoin was $1k a pop is nothing. I think most people would remember that. And how is it really impossible to know what you got the Bitcoins for? Don't you have a registered business and submit taxes?
Are you saying that you provided to the court evidence of your legitimate business which accepts or transacts Bitcoins for services that it is impossible for you not to know about, in the process of which you acquired 7 or so Bitcoins (transactions for which will be on the blockchain), and then you sold them for a higher price at a Bitcoin exchange (transactions for which you should have receipts and email correspondence for) and they didn't accept it?
You don't have to answer any of this, obviously, it's just hard to believe there isn't more to it than what you're saying.
- ma2rten 11y agoHe might have just gotten into bitcoins early on.
- hartpuff 11y agoEven if we accept nobody kept receipts or records in the early days of Bitcoin, aside from the blockchain, I can't think of a reason why someone running a legit business would find it "really impossible" to remember what they were selling. Even if he couldn't really remember what his business was selling, he would still have receipts, records and/or emails demonstrating that the source of the 6000 Euros was a legitimate Bitcoin exchange, as a result of the massive increase in price.
- ryanlol 11y agoOh I know what I've been selling, but I can't really identify specific transactions. Nor do I have receipts, why would I? Most of the transactions are exploit sales over OTR/XMPP, possibly shady but not illegal. This was also before the tax authority clarified on their stance on bitcoins, before that everyone was under the impression that you wouldn't have to tax your coins until you exchange them to real currency. And that's ignoring all the coins I mined way back, it's literally impossible to attribute that transaction to any specific source.