Last Minute Tax Planning Strategies for Bitcoiners
Bitcoin has had a good year of publicity and a solid last quarter of growth. Whether you are a hard core Bitcoin miner or just a casual trader, it is likely that you've racked up substantial gains in...
View ArticleUsing Bitcoin With QuickBooks- Part 3: Paying Vendors
This is the third part of a multi-part series that will explain how to integrate Bitcoin as a payment method using your existing accounting software package. This procedure will allow you to properly...
View ArticleDeclaring Bitcoin Income Part 1- Preparing Your Records
This is the first part of a multi-part series that will discuss how to declare Bitcoin income and claim Bitcoin losses and expenses on US personal or business income tax returns.
View ArticleBitcoin Launders Your Dirty Money
In recent months, the public perception of Bitcoin has developed from little-known tech curiosity into one of the most exciting stories of the year. While Bitcoin can hardly be said to have come of...
View ArticleDeclaring Bitcoin Income Part 2- Bitcoin as Ordinary Income
This is the second part of a multi-part series that will discuss how to declare Bitcoin income and claim Bitcoin losses and expenses on US personal or business income tax returns.
View ArticleDeclaring Bitcoin Income Part 3- Bitcoin As An Asset
This is the third part of a multi-part series that will discuss how to declare Bitcoin income on US personal or business income tax returns. What follows are my professional opinions and should not be...
View ArticleBitcoin Tax Accountant FAQ
Even after a solid year of growth and six months of near constant exposure in the mainstream media, Bitcoin remains a niche area, mostly followed by hard-core techies. Many practitioners won't go near...
View ArticleWhy Charles Stross Doesn't Know a Thing about Bitcoin
Science fiction writers excel at predicting the future. Jules Verne imagined rocket ships long before rockets were blasting into space. William Gibson foresaw the rise of the internet in Neuromancer....
View ArticleThe birth of the bi•fury 5GH USB ASIC. An interview with the father of the...
More and more people are getting involved with Bitcoins. More and more people are becoming interested in how to mine by themselves. Everybody can do Bitcoin mining by running software with specialized...
View ArticleCould Krugman's Nemesis Friedman Be Bitcoin's Mysterious Creator?
In contrast to the article Paul Krugman wrote, an opinion piece titled Bitcoin is Evil, a video has surfaced on YouTube from Krugman's one time nemesis: the legendary economist Milton Friedman.
View ArticleBitcoin Tax Checklist
Last year was very kind to Bitcoin. So kind, in fact, that for the first time, many previously casual Bitcoiners are finding themselves with substantial and unexpected gains to declare to the IRS.
View ArticleBitcoin's YouTube Missionaries
My road to discovering the new world of economic redemption started one evening last March. An article linked from BuzzFeed's website entitled "Is it Time to Take Bitcoin Seriously?" written by Alec...
View ArticleWhat is Bitcoin and why should you care?
Bitcoin is third "democratization" that I've had the privilege of living through. The first was the Internet of course, the democratization of communication. No longer did you need a printing press,...
View ArticleBiggs' Bitcoin Bunk
First off, Bitcoin's image problem is evident to anyone watching the mainstream media's portrayal of BTC as the domain of drug dealers and terrorists, despite all the evidence to the contrary....
View ArticleA Global Bankers Cryptocurrency?
The Bitcoin buzz is pervasive and a lot of people are trying to understand this whole new concept of some kind of money that exists somewhere out there in cyberspace. Bitcoin advocates like to point...
View ArticleThe Promise of Crypto, Part 2 of 2
The promise of Crypto part 2 of 2 David Mondrus, MBA, Columbia University & Michael Frank, Ph.D. MITSide Note:In part 1 of 2 we discussed "payloads with paychecks", an...
View ArticleCryptocurrency Wars
I am part of the generation often called the Baby Boomers. We are heading into our retirement years now in large numbers. Baby Boomers for the most part are not familiar with concepts like Bitcoin and...
View ArticleKnow Your Exchange Part 2
Part two of a three part series. Governments have "Know Your Customer" laws a.k.a. KYC. Should Bitcoiners create "Know Your Exchange" rules as well? Many...
View ArticleBitcoins' - Know Your Exchange. A KYE Guide Part One
Bitcoins' - Know Your Exchange. AKYE Guide Part One This is the first part of the three-part investigative series that will take a closer look at those digital currency exchanges that...
View ArticleStart Your Week at Bitcoin Center NYC
For those looking to fulfill their Bitcoin fix next week, Bitcoin Center NYC has it covered. Kicking off the week on Monday, February 17th, Bitcoin Center NYC will hold a special trading event, with...
View ArticleKnow Your Exchange: Part Three
Foreign Government Risk.In addition to trusting the digital currency exchange one might also consider the government that makes or changes the laws in the country in which the exchange operates....
View ArticleThe Future of Bitcoin: Rising Star or Ball of Flames?
Bitcoin has experienced a flurry of attention recently in the media and in the political arena. Even cynical financial journalists and analysts have been drawn into the debate. Learn about financial...
View ArticleA World Currency - Not a New Idea
With the rise of Bitcoin and other potential cryptocurrencies that represent mobile money without borders, it may seem like this is a completely new idea. While the technologies being used may be new,...
View ArticleBuying Bitcoin 101: A Primer for New Canadian Bitcoiners
The most exciting part of financial planning these days is exposing, educating and incorporating bitcoin into clients’ portfolios. But the confusion starts when clients go out into the...
View ArticleBig Changes for Small Payments
I hate change. Cumbersome and anachronistic, coins are the Zeppelins of the monetary world. And the worst part is they jingle in my pocket.Unfortunately, high transaction costs make using a credit...
View ArticleA Basic Explanation
Bitcoin made it to US TV this week as a comedy skit on late-night show 'Conan'.The skit is very funny. I urge you to watch it. The premise is that Bitcoin has a Chief Operating...
View ArticleBitcoin vs Gold
Bitcoin is often called "Gold 2.0" because they share many of the same traits. As we have magazines dedicated to "head to head" matchups in cars, motorcycles,...
View ArticleMy Virgin Bitcoin Spending Experiences
Modified image is from astudio @ shutterstock.comWell I’ve been “into” Bitcoin for nearly a year and like most people I’ve simply been hoarding...
View ArticleHold on to Your Bitcoins: Why April 8th 2014 Might be a Defining Moment in...
Mark your calendars for April 8. It's been a target day of dread for thousands of companies' IT departments counting down the days before they cross the "finished"...
View ArticleOnce Bitten, Twice Shy: Why the Credit Card Network is Ready for a Paradigm...
As a victim of the Target credit card hack, and having to work with the bank to replace the stolen identity, this writer can speak first-hand about thinking twice about giving out my credit card...
View ArticleI Sign, You Sign, We All Sign: Explanation of Multi-signature Transactions
Everyone is concerned about the security of their bitcoins, and we are constantly reading stories of one or another persons getting their bitcoins stolen. Of course, following bitcoin best practices...
View ArticleIs Bitcoin a Black Swan Event?
The term "Black Swan Event" describes certain events in history so profoundly unexpected and massive in scale, that they fundamentally changed the course of history. There are good Black Swans (the...
View ArticleOpen Letter to Washington DC: What Bitcoin Can Teach You About the State...
Dear Washington DC,It has recently come to my attention that you've misplaced another SIX BILLION DOLLARS. This time it was the State Department. Where did it go? The Washington Times reports...
View ArticleBitcoin & Money
Rome wasn't built in a day, and today's money mechanics certainly didn't come in a single treaty. Our global financial system, like any human system, is not perfect and can be outright cruel and...
View ArticleBitcoin Micropayments, a New Enabling Technology
The two big pieces of Bitcoin are the currency and the network. The Bitcoin network enables electronic payments, not such a big deal really, there are lots of payment systems.
View ArticleIRS Tax Rulling May Have Just Killed Alt-Coin Mining
I doubt any IRS researcher actually took time to sit down with an actual alt-coin miner to study the effects of how their ruling that, in effect, double or triple taxes alt-coin mining.
View ArticleDo Not Let Bad Businesses Hijack Your Bitcoin
Bitcoin is a decentralized peer-to-peer currency that does not rely on a central government, central company, central bank, and doesn't have a central point of failure. Bitcoin is also a trustless...
View ArticleBitcoin Exchange Self-Regulation: What the MPAA Can Teach us
Let's face it: When people tell us bitcoin is a scam we come to its defense. Critics often point to the explosion of alternative (alt) coins as proof that anybody can make one and there is no barrier...
View ArticleWhat is a Bitcoin Address and How Do You Sign It?
Short Answer: A Bitcoin address is a unique number that "holds" bitcoin currency. You use the address to receive and send bitcoins.
View ArticleBitcoin for Bad Guys: Virtual Currency as an Anti-Terrorism Tool
One of the big bitcoin stories making news lately is related to a report issued from Combating Terrorism Tactical Support Office. Titled: "Advanced Planning Briefing for Industry", issued on Jan 30,...
View ArticleBitcoin's Rally Cry on China's War on Bitcoin. We are coming.
To our Chinese Friends, Countryman, and Government – lend me your ears. The Chinese government has now ordered their press to censor news of bitcoin and our Global Bitcoin Summit. It's already too...
View ArticleBitcoin 2014 Roundup
Well I attended Bitcoin 2014 in Amsterdam and it was a blast. I met lots of people who I've been emailing/skyping with over the last six months so that's always fun.
View ArticleCoinGecko: Buy, Sell or Hold
CoinGecko is cryptocurrency ranking and evaluation site that breaks down quantitative and qualitative data for a number of different metrics.
View ArticleTwenty Questions to Test Your Bitcoin Knowledge. Beginner Level.
This is the first part of a three-part series that will test your knowledge of bitcoin greatness. This quiz will provide you a general measuring stick to gauge where you fit in the range of bitcoin...
View ArticleThe North American Bitcoin Conference Welcomes Bitcoin Novices
Curious about cryptocurrency? Everyone is invited to learn the what and the how of bitcoin when The North American Bitcoin Conference descends on Chicago, July 19-20.
View ArticleBitcoin Explained to the Retired Folks
This article is intended as an introduction to the concepts of bitcoin that might be of interest to those people that are retired. The reader is expected to have only basic internet web browsing and...
View ArticleBitcoin Payment Protocol Explained
The specific process to pay using bitcoin is called the Bitcoin Payment Protocol and it is codified in a document called BIP70.
View ArticleAdvanced Bitcoin Quiz. Part Three of Three. Know Thyself
This is the final quiz of a three part series of quizzes designed to assist the reader to know thyself as the great Greek philosopher Socrates once advised.
View ArticleCautionary Tales on Bitcoin Security
The Bitcoin ecosystem has many different types of platforms such as exchanges, payment service providers, reporting platforms and an array of other supporting services.
View Article
