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re: Canada broadens rules to classify Crowdfunding and Crypto as Terrorist Financing!

Posted on 2/14/22 at 6:20 pm to
Posted by tjv305
Member since May 2015
12828 posts
Posted on 2/14/22 at 6:20 pm to
Maybe they will keep on a get a major Trucker strike . I wonder how many days with empty grocery shelves it would take for the government to cave . The people on the right need to start growing their own food . And working with local farmers to keep food on their tables .
Posted by PsychTiger
Member since Jul 2004
107040 posts
Posted on 2/14/22 at 6:20 pm to
Didn’t bitcoin stop itself by making a lot of people very poor?
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 2/14/22 at 6:24 pm to
no

For a group of people that are very likely to not enjoy having a bank dictate where and to whom your funds are allowed to go from accounts the bank hosts, it never ceases to surprise me the levels of animosity to the best solution anyone has presented thus far in human history with an internationally distributed decentralized network that allows funds to be sent peer to peer and you can do so pseudonymously.

shite is right down this boards alley but half of the board are actively mocking it or seemingly rooting for it to fail.
This post was edited on 2/14/22 at 6:29 pm
Posted by Ronaldo Burgundiaz
NWA
Member since Jan 2012
6748 posts
Posted on 2/14/22 at 6:32 pm to
LMAO at trying to control crypto.

WTF is Trudeau going to do?

Backtrace my location?
Consequences will never be the same again!
Posted by Crimson Wraith
Member since Jan 2014
29279 posts
Posted on 2/14/22 at 6:32 pm to
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
93415 posts
Posted on 2/14/22 at 6:34 pm to
quote:

wtf are you on about

they didn’t stop anything and wouldn’t be able to stop it if they wanted


Sure they cant bruh
Posted by David_DJS
Member since Aug 2005
21812 posts
Posted on 2/14/22 at 6:34 pm to
What accounts can banks seize and why?
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 2/14/22 at 6:35 pm to
You can’t seize Bitcoin on a cold wallet without finding out the seed phrase, which presumably you wouldn’t be able to get without use of force. Makes it a great deal harder than with banks where your assets are a phone call away from seizure by a hostile regime.
Posted by Blitzed
Member since Oct 2009
21983 posts
Posted on 2/14/22 at 6:36 pm to
Now do BLM donos
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 2/14/22 at 6:36 pm to
quote:

Sure they cant bruh


well please enlighten everyone as to how, exactly, they’d be able to stop the network from functioning or prevent access to the network from any individual.

I can go generate a new BTC wallet tonight and it isn’t even remotely difficult. I’ve got some mined BTC I could then send from that wallet to another wallet address peer to peer. It would confirm within ten minutes courtesy of one of the internationally dispersed miners and that would be that.
This post was edited on 2/14/22 at 6:47 pm
Posted by Tantal
Member since Sep 2012
19097 posts
Posted on 2/14/22 at 6:38 pm to
quote:

This is going to get ugly isn't it?

It needs to. That's the only way it stops.
Posted by Madking
Member since Apr 2016
66404 posts
Posted on 2/14/22 at 6:38 pm to
Castro’s son making daddy proud
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
93415 posts
Posted on 2/14/22 at 6:40 pm to
quote:

well please enlighten everyone as to how, exactly, they’d be able to stop the network from functioning.



Dont know and neither do you
Dont get your panties in a bunch. Whenever Bitcoin is mentioned you fly in to defend it

I own it and hope it goes to a bizillion dollars just like you
Posted by BeepNode
Lafayette
Member since Feb 2014
10005 posts
Posted on 2/14/22 at 6:41 pm to
They have directed banks and financial institutions to freeze funds of any entity it believes is suspicious and given them legal immunity. It's very broad sweeping and can apply to any unapproved cause they want. They will seize all these peoples' bank accounts, no doubt.

Modern day "liberals" are a 2000's NeoCon's wet dream.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 2/14/22 at 6:45 pm to
I understand being cynical as a general rule but I don’t get mocking the best tool we’ve got right now in the face of tyrannical government regimes operating hand in hand with banks hosting peoples funds. I’m such an advocate because it’s the only real solution to removing the banks from the equation.
Posted by udtiger
Over your left shoulder
Member since Nov 2006
112536 posts
Posted on 2/14/22 at 6:47 pm to
quote:

They have directed banks and financial institutions to freeze funds of any entity it believes is suspicious and given them legal immunity. It's very broad sweeping and can apply to any unapproved cause they want. They will seize all these peoples' bank accounts, no doubt.

Modern day "liberals" are a 2000's NeoCon's wet dream.


You want mattresses stuffed with cash?

Because this is how you get mattresses stuffed with cash.
Posted by civilag08
Member since Feb 2011
823 posts
Posted on 2/14/22 at 6:52 pm to
I believe the dept of the Treasury was concerned with the private usage of stable coins with a type of "bank run" effect. I could only imagine how concerned the Treasury would be internally, with a bank run on USD, if people decided to pull a bunch of cash from centralized banks, because they likely wouldn't be able to handle a very large percentage. I am not suggesting this btw.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
93415 posts
Posted on 2/14/22 at 6:59 pm to
No one is mocking anything

But you have no idea just like evryone else on what can happen with Bitcoin

Maybe Dan Pena is right about who created it

But Banks arent going anywhere
Posted by Seldom Seen
Member since Feb 2016
48737 posts
Posted on 2/14/22 at 7:29 pm to
Posted by Taxing Authority
Houston
Member since Feb 2010
62567 posts
Posted on 2/14/22 at 7:56 pm to
quote:

You want mattresses stuffed with cash?

Because this is how you get mattresses stuffed with cash.
You don't hold it if your smart. This is how you end up making your currency worthless and have 1000% inflation. But no one has ever accused Trudeau of being smart.

This post was edited on 2/14/22 at 7:57 pm
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