Barry-xlovecam

• Where do you buy gold bars with Bitcoins?
• How can you buy real estate with Bitcoins?

There is no proof of payment just agreement -- you can't really escrow the sale -- anyone care to offer ideas?

• How can you buy bearer bonds or registered securities with Bitcoins?

Hypothetically, If I had 1,000 Bitcoins how could I move them into assets without using regulated banks?

How much piddly ass shit can you use or how high can you get ... LOL
We are talking the real deal -- hard assets.

Joshua G

costa rica.

Barry-xlovecam

I got an idea find a lawyer with a bitcoin wallet to do the escrow.
Hmmm ... sounds legit ...

woj

it's not rocket science, just use a little imagination... the only questions are how anonymous you need to stay and what % cut you are willing to offer for the trouble...

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Barry-xlovecam

We are not talking chump change.
Bitcoins are a double edged sword -- there is no real legal recourse.
Not like I would want to move 400 Bitcoin on a handshake -- at least not the first time with a seller.

Remember the Mallick LOL

rogerrabbit00

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wankawonk

Hypothetically, if you had $1,000,000 in unreported cash, how could you move it into assets without using regulated banks?

You couldn't! You could spend it on all the hookers and blow you like but as soon as you want to invest it you need to report it to the IRS and pay tax on it.

Same with bitcoin, you can turn it into unreported/tax-free cash easy (see localbitcoins.com), and you can spend that cash on all the hookers and blow you like, but if you want to invest it, you need to report it and pay tax on it.

If you're willing to pay tax on your bitcoin (and it's not illicitly acquired) you can just sell it to coinbase, and then invest the cash you get.

wankawonk

That's a preposterous notion. You wouldn't buy real estate with unreported cash; the IRS would be on your ass in an instant. You want to buy real estate with bitcoin, you convert it to cash and report it.

Barry-xlovecam

Lots of tax evasion experts? LOL

I am just fucking with you -- you all took the bait ...

Buy gold and silver online - Bitgild.com was timing out on cloudflare a few hours ago -- its seems to work now.


Bitgild.com

International shipping and fair prices for European customers
pay with bitcoin

To bad this payment wallet can't issue their payment cards to USA persons -- they are just avoiding the grief of dealing with the US laws. Which makes sense as all of these payment cards have issues all of the time -- epassporte waiting to happen.

sandman!

I think you can buy realestate in the USA with bitcoin as long as the seller will accept it.

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Barry-xlovecam

You can pay for real estate with any lawful thing of value. The problem is proving completion of payment. I could sell you my house for 12 cows if I wanted to.

Real Estate is titled via a Deed. You cannot take back a recorded Deed (recourse) you have to sue and petition a claim to the court to remedy any conflict. Proving payment is not possible in the blockchain -- blockchain is anonymous -- I think it is ;). Proving the transaction's completion might be possible if an 'officer of the court' e.g.; an attorney escrowed the transaction. I don't know if any RE escrow company (usually a state licensed real estate broker) would handle a transfer of property paid for with bitcoin -- maybe?

I have done my own escrows on real estate before as a principal but we alway met at the county title transfer office -- the deed was recorded when the payment was made in cash or a cashier's check < proof of payment and a witnessed conveyance of deed.

Bitcoin is value received.
But if you transfer your bitcoin you cannot prove it easily in a court of law if a transfer of title goes wrong.
This would be a great scam haha ...

elliso

I Need to Buy 600usd BTC, anyone can help me?

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Barry-xlovecam

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Erik_B

Barry, the entire concept of the blockchain is exactly the opposite of your statement. I would suggest you do a little more research before moving too many bitcoins around ;)

The btc blockchain is a public ledger and all transactions are confirmed by a consensus of agreement made across the entire network and is recorded in real time on the blockchain and then used as the best proof of ownership or proof of transaction systems in the world.

There's people, financial funds, private companies, banks, countries, governments, escrow services etc all vetting ownership, shares, properties, land, gold, money etc by utilizing either a public or a private blockchain for proof of ownership or transaction contracts.

-

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PornDiscounts-V

You buy the real estate in another country that didn't give a fuck about America. The are about 70 of them.

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Barry-xlovecam

SPECIFICALLY just one example pls [of a legitimate US business].

Really, the concept is interesting and the objective is to not use US currency -- not to evade taxes -- but to move assets.

Barry-xlovecam

I am not interested in buying tenements in Venezuela.

TampaToker

I sell there on there site daily 8-10 btc a day never had any issues.

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Barry-xlovecam

Again, the idea to to move Bitcoin into hard assets -- not into a government currency. Which may not be possible. What is coinbase's current discount buy/sell -- what is the spread (discount)? The website says a bunch of gobbly goop evasive language.

And buying registered securities or bearer bonds? Any registered brokerage that accepts BTC?

Need to sign up log in internet bullshit LOL Mickey mouse. Probably cheaper to wire large amounts -- not even bother with BTC . $185 max + 30? to receive. That is less than .025%.

If a commodity or currency has no utility or portability it's basically useless.

the indigo

Uh? Just travel dude, real estate value is everywhere and extremely CHEAP right now since the US is way overvalued.

Canada, South Africa, a bunch of EU countries (the PIGS), etc.

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deonbell

JMbullion has been around a while. I would go with them. But if you offload too much bitcoin, I don't know how that will get reported. I remember hearing once that banks had to report any cash transactions over $10,000. That was pre September 11. I don't know what it is now.

You can probably sell some on local bitcoin for cash and then buy some gold. If you are in a big city.

You can use gyft to buy Amazon cards. Get a friend to sell stuff on Amazon and you use the gift cards. He kicks back to you the money. You are gonna lose alot, due to Amazon seller fees.

I can sell you some EBT cards for bitcoin.

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deonbell

Here you go, Currency Transaction Report. IRS/FinCen 8300
https://en.wikipedia.org/wiki/Curren...saction_report


New rules in order under the Patriot Act. Some precious metal dealers have already been fined under the BSA (Banking Security Act) and Patriot Act.
Metals Dealer Fined $200,000 for Not Following Patriot Act | JCK

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Barry-xlovecam

I can move these funds many ways in Europe

Shipping, Insurance, and Packaging - JM Bullion ok that might work deliver to some safe depository.

that is a 2.3 % premium (credit suisse bullion) + 6% state sales tax + storage fees
^^^ USA no good

DGL EFT looks better

This is assuming the stock market does not have a meltdown and vanish LOL
I am not concerned with bank reporting -- the transactions are in normal commerce -- routine

Barry-xlovecam

Bottom line it is easier to pay the wire fee then get the net money out of dollars fast -- after the reserve for taxes.
The money can be ACH out of the account to payees (affiliate & models) this is all above board.

Maybe el Trumpo will give me a tax break or ITC for bringing the money into the USA LOL

the indigo

As far as Canada is concerned, before January 2015 you could do as many $10k+ transfers as long as the Bank did not suspect you of something strange.

The BANK had to fill a form to the Government.

Ie: Buying advertising via Wire transfer every month was not suspect. But if you over 10k in Pakistan, that could be flagged by the BANK.

Now, since January 2015, ALL transfers over 10k must be automatically reported the the fiscal authorities of Canada. Big Brother.

If it's done in Canada, I'm pretty damn sure it's done in USA.

That means we got a call asking why we were sending money offshore. WTF it's our fucking business!

Bang, they asked for a Full Verification of Both the Corporation AND Personal for the last *6* freakin' years!

WTF, do you really think I want my internet business to deal with this fucking government now? How stupid is that. In USA they did the same, the program cost $1billion and they were able to get back $750k only per year.

No wonder why corporations want to get out of North America.

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"There he goes. One of God's own prototypes. A high-powered mutant of some kind never even considered for mass production. Too weird to live, and too rare to die." -Hunter S. Thompson