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Started By
Message
re: DOJ & IRS going after users of Cryptocurrency. They want their "fair share"!
Posted on 5/10/21 at 3:12 pm to BeNotDeceivedGal6_7
Posted on 5/10/21 at 3:12 pm to BeNotDeceivedGal6_7
quote:
There is no excuse for taxpayers continuing to fail to report the income earned and taxes due from virtual currency transactions
It's just an idea, not actually earned income.
1
Posted on 5/10/21 at 3:12 pm to ninthward
quote:
Huh? why the frick would a drug dealer do this? they are paid in cash. Any dealer using crypto to launder money is a fricking moron.
you missed the point
i was using the comparisons of cash (for drug dealer) and crypto (for normies). the government has already regulated cash so much (via the WOD) that you can see how difficult it is to spend cash in any meaningful way by looking at drug dealers. it will be the same with crypto if they really want to make it as hard
This post was edited on 5/10/21 at 3:14 pm
Posted on 5/10/21 at 3:18 pm to ninthward
quote:
Huh? why the frick would a drug dealer do this? they are paid in cash. Any dealer using crypto to launder money is a fricking moron.
ummm can always tumble bro. better than other ways if dealing over the net. plenty of ways to make crypto untraceable.
Posted on 5/10/21 at 4:46 pm to Bulldogblitz
quote:
It's just an idea, not actually earned income.
Not my thoughts on it, that was just a quote from the DOJ.
Posted on 5/10/21 at 4:53 pm to SlowFlowPro
quote:Huh? dealers cant spend cash? lol wtf
i was using the comparisons of cash (for drug dealer) and crypto (for normies). the government has already regulated cash so much (via the WOD) that you can see how difficult it is to spend cash in any meaningful way by looking at drug dealers. it will be the same with crypto if they really want to make it as hard
Posted on 5/10/21 at 5:31 pm to ninthward
Do you know how hard it is to spend cash or anything of real value?
Posted on 5/10/21 at 5:53 pm to Ross
quote:I don't want to scare hell out of you, but crypto could be stopped in a heartbeat. It won't be. But it could be.
They can’t stop this thing.
Posted on 5/10/21 at 6:05 pm to HailToTheChiz
quote:
I've yet to understand why someone would use bitcoin as a currency. It's too volatile and there is too much belief it will rise in value.
It's the block chain aspect of it.
Posted on 5/10/21 at 6:09 pm to ImaObserver
quote:the concept of crypto is good, as a world currency that knows no borders, but governments have to protect themselves
Bitcoin mania reminds me of the Dutch tulip bulb mania of many years ago. When the the market mania reached it's peak and demand faded away, the public finally realized that they truly had only nominal value and then the bottom truly fell out. Many families, some of whom had sold or mortgaged their homes and businesses in order to obtain cash to invest in tulip bulbs, ended up cooking and eating their life savings in the form of cooked tulip bulbs and even then they were disagreeable tasting even of properly prepared.
How do you cook Dogecoin or Bitcoin bits and bytes to get tasty and nutritious bites for your family?
Posted on 5/11/21 at 12:05 am to NC_Tigah
quote:
crypto could be stopped in a heartbeat.
How?
Posted on 5/11/21 at 12:42 am to ninthward
quote:
Huh? dealers cant spend cash? lol wtf
Sure they can spend small amounts of cash. But they can't make large purchases without the government having their hands in it. I guess if a dealer wants to buy a house or car one brick or part at a time they could get away with it.
Posted on 5/11/21 at 12:45 am to Ross
quote:
Given the rates of adoption globally, I find it probable that you are the one in denial.
But you assume just because the government is stupid today that they will always be stupid. When it comes to stealing their citizens money, they always find a way. And if it is as you envision a complete replacement of government backed fiat, then they will find a way to get their share.
Posted on 5/11/21 at 10:54 am to NC_Tigah
quote:
I don't want to scare hell out of you, but crypto could be stopped in a heartbeat. It won't be. But it could be.
no it cant. Thats like saying drugs can be stopped in a heartbeat or murder could be stopped in a heartbeat.
how did the gold owning ban work for FDR?
Posted on 5/11/21 at 11:03 am to lsu777
quote:
how did the gold owning ban work for FDR?
About as well as prohibition.
Posted on 5/11/21 at 11:05 am to BeNotDeceivedGal6_7
This will lead to the Feds coming up with their own new and improved cryptocurrency. Then they will push it on us more than vaccines and masks.
Think of the "benefits"- avoid germy cash, universal currency across the globe, easy for you (and the government to track), no longer have to keep up with credit cards and stolen identities because we can put it all in a chip on your wrist...
Think of the "benefits"- avoid germy cash, universal currency across the globe, easy for you (and the government to track), no longer have to keep up with credit cards and stolen identities because we can put it all in a chip on your wrist...
This post was edited on 5/11/21 at 11:09 am
Posted on 5/11/21 at 6:50 pm to Captain Rumbeard
quote:
Who you gonna crush?
The wallet holders.
Once people realize there will be no outlets for their coins, they will panic sell. But there will be few buyers. You'll have a nice fat wallet, but nowhere to go to access the government based blockchain. Not even in China. Because they will have their own government backed crypto.
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