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Started By
Message
re: Get prepared for the pending crypto crash
Posted on 5/10/21 at 10:49 pm to Powerman
Posted on 5/10/21 at 10:49 pm to Powerman
quote:
Why do you think this has anything to do with a crypto crash?
Try to keep up. He asked a specific question, I gave a detailed answer to that question only.
The issue originally arose when someone said banks were primed to take on crypto. I used the changes in reporting as a specific instance where banking was primed to take on money laundering. Ergo, the Fed can tweak a reporting criteria to do the same for targeting cryptocurrency
2
Posted on 5/10/21 at 10:53 pm to RobbBobb
quote:
the Fed can tweak a reporting criteria to do the same for targeting cryptocurrency
they already have.
Posted on 5/10/21 at 11:01 pm to RobbBobb
Hey Robb, your title says pending crypto crash. When do you think it happens?
Posted on 5/10/21 at 11:08 pm to rocket31
quote:
they already have.
And they are not done
Posted on 5/10/21 at 11:40 pm to TigerTatorTots
quote:
When do you think it happens?
My guess is prior to the 2022 elections. Due to the shift in population, and that there are more (R) legislatures, than (D) legislatures, the socialists will move on creating a GovCoin blockchain before they lose the House or Senate. Committee staff is already repackaging legislation.
*require anyone in possession of more than $3,000 in cryptocurrency to disclose it when passing a U.S. customs checkpoint
*require money service businesses to collect identity data about people who transact with self-hosted cryptocurrency wallets. Also, require them to keep that data and turn it over to the government
*create a new, government-compliant digital currency
*people operating mixers and tumblers be criminally liable for money laundering
*issue a new digital currency that is compliant with anti-money laundering laws, unlike any in current circulation
*Decentralized exchanges have to register with FinCEN to collect and maintain customer and transactional data, or be subjected to civil and criminal penalties.
Posted on 5/10/21 at 11:46 pm to RobbBobb
quote:
they are not done
we know
Posted on 5/11/21 at 7:41 am to RobbBobb
quote:
My guess is prior to the 2022 elections
If you look at Bitcoin’s history, it does have a crash every 4 years which brings the entire market down with it so your projection lines up with that 4 year event.
When you say crash, do you think it will eventually emerge from the crash or will it die?
Posted on 5/11/21 at 1:36 pm to TigerTatorTots
Unfortunately the radical element in todays government will destroy anything that cant control. See: Trump, fossil fuels, religion. So I think they have their knives out for crypto
Posted on 5/11/21 at 2:35 pm to RobbBobb
so how are they forcing companies in other countries to comply? how are they forcing decentralized exchanges to register?
and digital currency with the blockchain is already antimoney laundering, but how are they going to enforce me doing a manual transaction and the miners non friendly countries to verify the transaction and process? You realize i do not need exchange to do this correct?
wht about btc atms? what about cash for BTC networks?
mixers and tumblers are already liable for money laundering, but if in a non extradition country how are you stopping it?
your theories sound good because you do not understand crypto, so you just come up with all these things you think can happen when in reality its not real possible.
in the end they could outlaw ownership but i would just use tails to get around it. and they would be fricking over companies across the board.
FTR you sound just liek all the parnoid boomers like dave ramsey. cant understand changing tech.
and digital currency with the blockchain is already antimoney laundering, but how are they going to enforce me doing a manual transaction and the miners non friendly countries to verify the transaction and process? You realize i do not need exchange to do this correct?
wht about btc atms? what about cash for BTC networks?
mixers and tumblers are already liable for money laundering, but if in a non extradition country how are you stopping it?
your theories sound good because you do not understand crypto, so you just come up with all these things you think can happen when in reality its not real possible.
in the end they could outlaw ownership but i would just use tails to get around it. and they would be fricking over companies across the board.
FTR you sound just liek all the parnoid boomers like dave ramsey. cant understand changing tech.
Posted on 5/11/21 at 6:39 pm to lsu777
quote:
so how are they forcing companies in other countries to comply?
This is just dumb, and typical of crypto fanatics.
You getting a house shipped in from Canada are you?
Greenland got a few F-150s you can smuggle in?
Going to Turkey for that arthroscopic knee surgery? Oh, that won't be an option because you can't get a medflight out of the country with a prohibited coin.
And after you buy your groceries from Panama, which foreign shipper are you going to use for entry into the U.S.? All while paying with a cryptocurrency that is outlawed?
You'll bitch and moan, and then fall right in line with everyone else. Because the things you access everyday (gas, electricity, taxes, tolls, food, water, internet), will be paid with the official government endorsed blockchain currency.
Posted on 5/11/21 at 6:42 pm to League Champs
I dont understand. What about crypto would make it illegal?
Posted on 5/11/21 at 7:01 pm to JayDeerTay84
quote:
I dont understand. What about crypto would make it illegal?
Governments across the globe will be getting into the blockchain business very soon, and issuing their own government based currency. In order to stifle competition they will require all purchases to be made with a Govcoin. This will allow the government to a) stifle money laundering b) curtail theft of property c) proper collection of taxes d) crackdown on drug cartels e) provide safe, transparent transactions.
Of course, everyone will want that. Everyone except holders of Bitcoin, Etheruem, Dogecoin, etc. They can no longer be used to purchase, or as an asset. It simply will not be allowed to undermine the single government based system.
In exactly the same way that a Tesla, Google, Amazon, etc cannot print their own money tomorrow, that would compete with the US dollar.
Posted on 5/11/21 at 7:08 pm to League Champs
What blows my mind is that bitcoin is the type of thing that is a perfect solution for a political conservative, on a number of levels (monetary policy, privacy, limited government, system trust). It fixes most everything that one would want to fix. However, I find many of the big time conservatives against bitcoin because they don’t understand it. Head over to the Poli board and you have people wanting big government to step in and regulate this. You have people wanting to ban something that can actually fix most of the problems in this country. Look at all the people pissed about the election results- blockchain is what is needed for trusted elections. Judging by your signature, I’d bet my arse that if you took the time to learn about what bitcoin does, you’d be pro bitcoin if you really are a conservative. Instead, you are in here sounding like a typical big government Establishment type that MAGAs hate so much.
This post was edited on 5/11/21 at 7:15 pm
Posted on 5/11/21 at 7:10 pm to League Champs
So you are saying all the governments are going to ban together to ban crypto?
Posted on 5/11/21 at 7:16 pm to JayDeerTay84
quote:
So you are saying all the governments are going to ban together to ban crypto?
Of course not. They will band together and accept only the Govcoin for US transactions, the e-Yuan for Chinese transactions, the Stellar for German purchases, STO for Japanese purchases.
quote:
Well-informed circles from Berlin report that the German government is planning the rapid introduction of a national crypto currency. However, existing projects such as Ethereum, Waves or other platforms that allow tokens are not to be used for this purpose, but a separate block chain and infrastructure are to be set up.
This post was edited on 5/11/21 at 7:23 pm
Posted on 5/11/21 at 7:22 pm to TigerTatorTots
quote:
you are in here sounding like a typical Establishment type that MAGAs hate so much.
We have a failure to communicate.
I'm not telling you I support it, I'm just telling you what the expected path is. Would you prefer to be blindsided? I read the OP as "get prepared", akin to a hurricane warning. I'm not in favor of hurricanes, so I will tell people that one is coming and also the when, where, and whatfor of it.
Posted on 5/11/21 at 7:23 pm to League Champs
quote:
Of course not. They will ban together and accept only the Govcoin for US transactions, the e-Yuan for Chinese transactions, the Stellar for German purchases, STO for Japanese purchases.
What is their mechanism to do this?
Posted on 5/11/21 at 8:32 pm to League Champs
I misunderstood your posting as being against it. My apologies.
My point still stands though when talking about the Poli board which is very heavily leaning conservative but many of those folks are anti bitcoin. Boggles my mind
My point still stands though when talking about the Poli board which is very heavily leaning conservative but many of those folks are anti bitcoin. Boggles my mind
Posted on 5/11/21 at 8:51 pm to TigerTatorTots
I don't think the poliboard is anti Bitcoin...
Posted on 5/11/21 at 9:17 pm to Powerman
quote:Then we must read different threads. The overwhelming response on a bitcoin topic over there is "tulips, scam, not real, etc"
I don't think the poliboard is anti Bitcoin...
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