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Started By
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2
Posted on 8/9/21 at 11:57 am to rocket31
I’m think I’ll be selling this rumor this time. just seems like we need a breather. But then again it might run up some more… 
Posted on 8/9/21 at 12:19 pm to rocket31
yeah something is up because the bill itself is not bullish
Senate is voting on the bill without any provisions meaning miners could be required to have KYC on every single person whose transaction is verified on their verified blocks and anyone contributing to mining or staking pools will likewise need to be sent 1099s by the owner of the pool
seems all this would do is push mining and staking to some third world country and make it harder to access staking pools without going through a centralized entity
Senate is voting on the bill without any provisions meaning miners could be required to have KYC on every single person whose transaction is verified on their verified blocks and anyone contributing to mining or staking pools will likewise need to be sent 1099s by the owner of the pool
seems all this would do is push mining and staking to some third world country and make it harder to access staking pools without going through a centralized entity
This post was edited on 8/9/21 at 12:21 pm
Posted on 8/9/21 at 12:34 pm to Ross
agreed that the text of the bill is not ideal
my point is that I think politicians are starting to realize how huge the crypto industry is and will be in the future as the response from the crypto community because of this bill has been overwhelming to say the least
these pumps aren't retail
my point is that I think politicians are starting to realize how huge the crypto industry is and will be in the future as the response from the crypto community because of this bill has been overwhelming to say the least
these pumps aren't retail
Posted on 8/9/21 at 12:42 pm to rocket31
I think the crypto provision of this infrastructure bill should be tabled and discussed at a later date with senators that are actually educated in this space
and Yellen should butt out. Honestly between her stint at the Fed and at the Treasury I think she's done more than enough to the dollar and now she wants to make it harder to reach the life boats because that's the wishes of her corporate owners.
and Yellen should butt out. Honestly between her stint at the Fed and at the Treasury I think she's done more than enough to the dollar and now she wants to make it harder to reach the life boats because that's the wishes of her corporate owners.
Posted on 8/9/21 at 12:48 pm to Ross
agreed. I'm all in favor for the Cruz amendment. he seems to get it more than most.
yellen is trying to pull strings for the banks however there's so much money in crypto now our community also has political leverage.
I've said it before but Bitcoin/crypto will be at the forefront of the next presidential debates
yellen is trying to pull strings for the banks however there's so much money in crypto now our community also has political leverage.
I've said it before but Bitcoin/crypto will be at the forefront of the next presidential debates
This post was edited on 8/9/21 at 12:48 pm
Posted on 8/9/21 at 12:50 pm to rocket31
YELLEN SAYS CRYPTOCURRENCY AMENDMENT IN SENATE INFRASTRUCTURE BILL 'WILL MAKE MEANINGFUL PROGRESS ON TAX EVASION'
^ just now
^ just now
Posted on 8/9/21 at 12:54 pm to rocket31
like I feared the current proposal says they want your open source wallet to have built-in 1099 reporting
Posted on 8/9/21 at 1:18 pm to rocket31
I’m generally curious if they even have an actual plan for how to adopt and implement these “changes” that they put in this amendment. They clearly don’t have that great of an understanding of this realm, so for now it is just words on paper.
Posted on 8/9/21 at 1:21 pm to TheDuke5524
highly doubtful. compliance will voluntary with the fear of the IRS coming after you for not following the law
Posted on 8/9/21 at 1:27 pm to TheDuke5524
quote:
They clearly don’t have that great of an understanding of this realm,
i don't even think WE have a clear understanding of this realm.
Posted on 8/9/21 at 2:22 pm to finchmeister08
I’m calling it for me and booking some profits here. Seems awfully wobbly up here and being up a significant amount since DCAing into positions from June and July can’t go wrong.
Been a wild ride the past couple months and hope to get a dip to buy soon. And if it run, it runs.. hopefully doge dies in the meantime.
Been a wild ride the past couple months and hope to get a dip to buy soon. And if it run, it runs.. hopefully doge dies in the meantime.
Posted on 8/9/21 at 2:28 pm to rocket31
The crypto community has a frickload of money and needs to put its money where its mouth is and start donating to pro-crypto politicians. Money wins elections unfortunately and we need more crypto friendly people in congress.
Posted on 8/9/21 at 2:39 pm to TigerTatorTots
But they’ve got not fiat to donate?
Posted on 8/9/21 at 2:52 pm to lowspark12
vote coming up and we need a unanimous vote to pass
Posted on 8/9/21 at 3:29 pm to rocket31
frick. Bernie Sanders’s and Richard Shelby are fricking this up.
Posted on 8/9/21 at 3:42 pm to lighter345
Richard Shelby(R), Alabama, is going to get roasted for destroying this amendment because he wanted include his amendment for more defense funding.
Posted on 8/9/21 at 3:49 pm to lighter345
That fat old frick voted no because he didn't get his amendment approved. frick you Dick Shelby
Posted on 8/9/21 at 3:54 pm to TigerTatorTots
Seriously, what a piece of shite. Well, they all are.
Posted on 8/9/21 at 4:02 pm to TigerDeBaiter
I have been trying to figure out how they can track DeFi. Hell, I can’t even keep track of my own shite lol.
This post was edited on 8/9/21 at 4:03 pm
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