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Started By
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re: Official CryptoTalk Thread
Posted on 8/9/21 at 4:15 pm to lighter345
Posted on 8/9/21 at 4:15 pm to lighter345
Is that POS to blame for everyone running scared and selling? Jeez…
1
Posted on 8/9/21 at 4:29 pm to TheDuke5524
Our government is such a group of bastards
They can lick my taint.
They can lick my taint.
Posted on 8/9/21 at 4:42 pm to Ross
Agreed, but they essentially created a small dip for other people to buy up and we continue on our way. F them.
Posted on 8/9/21 at 4:52 pm to TheDuke5524
So what does it mean for us regular joes who buy, hold, etc… we get 1099’d now for taxable transactions? Good, because I can’t keep up with that shite. Can they figure out my cost basis while they’re at it?
Posted on 8/9/21 at 4:54 pm to TigeRoots
This won’t really mean anything for casual adoption.
This is targeted at DeFi holding and staking.
This is targeted at DeFi holding and staking.
Posted on 8/9/21 at 4:57 pm to Tiguar
lol @ AMC
I mean, good on them, but you’re still AMC.
I mean, good on them, but you’re still AMC.
Posted on 8/9/21 at 5:02 pm to Tiguar
quote:
This won’t really mean anything for casual adoption.
If it becomes law and is enforced harshly how could it not be significant for adoption?
Posted on 8/9/21 at 5:05 pm to TigerDeBaiter
AMC accepting bitcoin lol wtf
Posted on 8/9/21 at 5:11 pm to DallasTiger11
Because mainstream entities like coinbase etc are already tattling and giving 1099s. They want 1099s and kyc for shite like ledger and MetaMask which a lot of retail doesn’t understand or even know exist right now.
Posted on 8/9/21 at 5:12 pm to Ross
Shelby was 75 years old when Bitcoin was invented. just lol
Posted on 8/9/21 at 5:16 pm to rocket31
I even wrote that sack of shite so glad I wasted that time. He held it up over getting 50 billion dollars for defense contracts where people sit on their arse and pretend to work
Posted on 8/9/21 at 5:16 pm to Tiguar
quote:
They want 1099s and kyc for shite like ledger
what does this even mean? It’s a USB stick that holds private keys
Posted on 8/9/21 at 5:21 pm to Ross
They don’t know, but they want it
Posted on 8/9/21 at 5:22 pm to Ross
he's even too old to be considered a boomer
we were rekt by the silent generation lol
we were rekt by the silent generation lol
Posted on 8/9/21 at 5:23 pm to rocket31
fwiw might be an unpopular opinion but I don't think this bill really matters.
Posted on 8/9/21 at 5:28 pm to rocket31
I’m of your opinion mostly
Posted on 8/9/21 at 5:30 pm to Tiguar
quote:
They want 1099s and kyc for shite like ledger and MetaMask which a lot of retail doesn’t understand or even know exist right now.
And if they enforce the 1099 requirement on miners, wallets, and developers the crypto industry leaves the US en masse
Fortunately I don't think this will ever make it to the finish line in 2023-24
Posted on 8/9/21 at 5:39 pm to DallasTiger11
senator Portman said miners are not considered brokers so we're good there
Posted on 8/9/21 at 6:01 pm to rocket31
quote:
fwiw might be an unpopular opinion but I don't think this bill really matters.
I agree, from the little I know about it.
Making large exchanges report your earnings is kinda of a no-brainer from the government perspective, and they already harass companies like Coinbase to fork over user data.
The rest of it is basically unenforceable.
Posted on 8/9/21 at 6:07 pm to rocket31
quote:
senator Portman said miners are not considered brokers so we're good there
His amendment didn't pass so right now we have what Yellen/Treasury wanted which is very open to interpretation. It will be a court battle
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