I have Uncle Intel On CRYTPO | |
Anonymous Coward User ID: 77181668 United States 02/22/2021 10:06 AM Report Abusive Post Report Copyright Violation | |
mr dull socks
User ID: 80043323 United States 02/22/2021 10:07 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 50406543 United States 02/22/2021 10:09 AM Report Abusive Post Report Copyright Violation | It's bullshit. Can't stand these government vultures. They can't stand people being free from them. They are literally a Mafia a bunch on monsters. This will destroy crypto. Watch it tank for sure. I heard Bitcoin will go down to $750. Hard to believe but now I know why they said that. |
Anonymous Coward User ID: 80076762 United States 02/22/2021 10:09 AM Report Abusive Post Report Copyright Violation | |
REaliZe
User ID: 79267289 United States 02/22/2021 10:09 AM Report Abusive Post Report Copyright Violation | |
Deus group
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Anonymous Coward User ID: 79387251 United States 02/22/2021 10:10 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80076762 United States 02/22/2021 10:10 AM Report Abusive Post Report Copyright Violation | The worst that could happen is it would turn the US into a crypto-pariah while the rest of the world continues advancing and growing financial freedom. And people who already have earned their financial freedom will not accept to be sent back under govt thumb. Cryptos pulled a checkmate in 2009. You just don't know it yet. |
mr dull socks
User ID: 80043323 United States 02/22/2021 10:11 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78471717 United Kingdom 02/22/2021 10:11 AM Report Abusive Post Report Copyright Violation | Buddy just called me from DC. He works for a compliance firm that is also fairly big in the world of financial legislation and lobbying. This guy is sharp. An MBA, numerous licenses. I trust him and we have been friends over 20 years. If he is ever allowed to talk about something, we talk. We talked this am about crypto. Quoting: TrufSerumX Here is the rumors going around of some new regulations set to hit within the coming months: 1)Crypto Currency will be regulated by current amendable banking regulations. It won't be a control move at the exchanges themselves but rather the on and off ramps of those. 2)Any business wishing to have a SWIFT bank account will be required to instantly settle any and all crypto transactions PRE CLOSE for any transaction over $500.00. Basically meaning, if you want to buy something from me with bitcoin, I have to upon receipt instantly settle that in USD. This will essentially make crypto a more cumbersome payment system. Not an easier one. Also does not allow a business to stockpile crypto. Sure they can re buy it after the convert to USD. But then additional fees etc. We will get to that. 3)No anonymous transactions. Any item / transaction with crypto will require ID verification. They are talking literally scanned drivers licenses etc. For all transactions. Think about the headache. Failure to do so by either party will be met with steep fines, prison, etc. 4)There will be a transactional tax implanted of x percent on all crypto transactions due quarterly to the IRS. If you take 100k in crypto you will owe X percent to the IRS as a business quarterly. On top of and in addition to normal quarterly estimated taxes etc. Its unclear whether its DUE at the quarter or will be an estimated tax and then a final settlement at year end. This means most businesses instantly make LESS when selling something for BTC/Crypto. 5)Per transaction trading fees of x% on all crypto trades in addition to normal standard capital gains taxes. The rates are being discussed are 2-3%. Making scalping crypto nearly an impossible trading process. 6)This will initially be done with current regulations being amended but talk of an all inclusive new bill. Think something like the Patriot Act 2.0. Heavy fines, prison time, and penalties. The goal is to make it very difficult and cumbersome for any legitimate business to wish to do business in crypto currencies and for any trader of them to have a very hard time. This is the basic gist of what we discussed. Basically legislators know the technology is too democratic to all out make illegal crypto, but the new regs are designed to make using crypto in legitimate endeavors more cumbersome, complicated, expensive and dangerous. Stay safe. Nice story bro! Unfortunately I can't see how any legislation can regulate crypto as China, known for having one of the most regulated Internet policies in the world, can't manage to control it. |
Anonymous Coward User ID: 76011661 02/22/2021 10:12 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80076709 United States 02/22/2021 10:12 AM Report Abusive Post Report Copyright Violation | yep dont ban it yet ruin it Quoting: Anonymous Coward 77181668 lol people thought they could take down the central banks and the big commercial banks you will need to go to much more discreet coins to bypass the system is my guess, monero? depending on who you are, you can pretend crypto has 'always only been about' anything |
mr dull socks
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Dr. Feels
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mr dull socks
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Dr. Feels
User ID: 75789655 United States 02/22/2021 10:13 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 20473958 United States 02/22/2021 10:13 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 77965914 United States 02/22/2021 10:14 AM Report Abusive Post Report Copyright Violation | Thats what they may want, thats not what their going to get. Crypto is just too big, the people will not stand for it. Not to mention the hedgefunds, and businesses buying into it. Right now I know of no US legal exchanges that allow you to buy and sell without a valid photo ID, so thats already there. Also on my taxes this year I had a box to report gains in crypto as well. Not to mention how much potential crypto the feds have in their possession. They have what 50 million from the silk road guys account alone and that was prices back in like 2012. Crypto is just to big, and established, and being decentralized lends itself very well to under the table transactions and useage. And like all things banned, or restricted, people will always find away. |
Anonymous Coward User ID: 80026104 Canada 02/22/2021 10:14 AM Report Abusive Post Report Copyright Violation | |
mr dull socks
User ID: 80043323 United States 02/22/2021 10:15 AM Report Abusive Post Report Copyright Violation | With so much main stream corporate backing they won't kill it now... Quoting: 10^33 Yes, they will regulate it. Yes, they ill tax it. All of which makes it MORE legit. keep telling yourself that. lol loser cope you know nothing this world is going blockchain i own cryptos you fool. i mine bitcoin. but i know nothing. hahahahahahaha. |
leader
User ID: 79013611 United States 02/22/2021 10:15 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80076762 United States 02/22/2021 10:15 AM Report Abusive Post Report Copyright Violation | Not going to happen. Quoting: Anonymous Coward 80076762 They'll try. But its the end for fiat and no amount of deck-chair-rearranging is going to change that. bitcoin is fiat. Fiat means "by decree", i.e. the USD is worth this because I say it is. BTC and other proof of work currencies (the best of which currently is DASH) are backed not by what you say, but by the energy expended to create their blocks and issue rewards. |
Dr. Feels
User ID: 75789655 United States 02/22/2021 10:16 AM Report Abusive Post Report Copyright Violation | |
mr dull socks
User ID: 80043323 United States 02/22/2021 10:16 AM Report Abusive Post Report Copyright Violation | Thats what they may want, thats not what their going to get. Crypto is just too big, the people will not stand for it. Not to mention the hedgefunds, and businesses buying into it. Right now I know of no US legal exchanges that allow you to buy and sell without a valid photo ID, so thats already there. Also on my taxes this year I had a box to report gains in crypto as well. Not to mention how much potential crypto the feds have in their possession. They have what 50 million from the silk road guys account alone and that was prices back in like 2012. Crypto is just to big, and established, and being decentralized lends itself very well to under the table transactions and useage. Quoting: Anonymous Coward 77965914 And like all things banned, or restricted, people will always find away. cryptobugs are the most delusional |
Follower of Jesus
User ID: 79342156 United States 02/22/2021 10:16 AM Report Abusive Post Report Copyright Violation | Shouldn't have stayed out should have: Bought Cryptos Held for medium term Sold Cryptos for 1000% min profit Convert to USD Take profits and buy hard assets (Food, Generator, Supplies, Guns/Ammo, Silver, Property, etc... Follower of Jesus (FoJ) |
JohnDough
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Anonymous Coward User ID: 80077203 02/22/2021 10:16 AM Report Abusive Post Report Copyright Violation | |
Dr. Feels
User ID: 75789655 United States 02/22/2021 10:17 AM Report Abusive Post Report Copyright Violation | With so much main stream corporate backing they won't kill it now... Quoting: 10^33 Yes, they will regulate it. Yes, they ill tax it. All of which makes it MORE legit. keep telling yourself that. lol loser cope you know nothing this world is going blockchain i own cryptos you fool. i mine bitcoin. but i know nothing. hahahahahahaha. apparently, i mean i didn't write the dummy coming from your posts. |
The Daddylorian
User ID: 79563476 United States 02/22/2021 10:17 AM Report Abusive Post Report Copyright Violation | Buddy just called me from DC. He works for a compliance firm that is also fairly big in the world of financial legislation and lobbying. This guy is sharp. An MBA, numerous licenses. I trust him and we have been friends over 20 years. If he is ever allowed to talk about something, we talk. We talked this am about crypto. Quoting: TrufSerumX Here is the rumors going around of some new regulations set to hit within the coming months: 1)Crypto Currency will be regulated by current amendable banking regulations. It won't be a control move at the exchanges themselves but rather the on and off ramps of those. 2)Any business wishing to have a SWIFT bank account will be required to instantly settle any and all crypto transactions PRE CLOSE for any transaction over $500.00. Basically meaning, if you want to buy something from me with bitcoin, I have to upon receipt instantly settle that in USD. This will essentially make crypto a more cumbersome payment system. Not an easier one. Also does not allow a business to stockpile crypto. Sure they can re buy it after the convert to USD. But then additional fees etc. We will get to that. 3)No anonymous transactions. Any item / transaction with crypto will require ID verification. They are talking literally scanned drivers licenses etc. For all transactions. Think about the headache. Failure to do so by either party will be met with steep fines, prison, etc. 4)There will be a transactional tax implanted of x percent on all crypto transactions due quarterly to the IRS. If you take 100k in crypto you will owe X percent to the IRS as a business quarterly. On top of and in addition to normal quarterly estimated taxes etc. Its unclear whether its DUE at the quarter or will be an estimated tax and then a final settlement at year end. This means most businesses instantly make LESS when selling something for BTC/Crypto. 5)Per transaction trading fees of x% on all crypto trades in addition to normal standard capital gains taxes. The rates are being discussed are 2-3%. Making scalping crypto nearly an impossible trading process. 6)This will initially be done with current regulations being amended but talk of an all inclusive new bill. Think something like the Patriot Act 2.0. Heavy fines, prison time, and penalties. The goal is to make it very difficult and cumbersome for any legitimate business to wish to do business in crypto currencies and for any trader of them to have a very hard time. This is the basic gist of what we discussed. Basically legislators know the technology is too democratic to all out make illegal crypto, but the new regs are designed to make using crypto in legitimate endeavors more cumbersome, complicated, expensive and dangerous. Stay safe. This sounds exactly like what they would plan to do. All they have to do is say "Bitcoin is widely known to be used by terrorists and white supremacists" and poof there's their excuse. Peace is a lie, there is only passion. Through passion, I gain strength. Through strength, I gain power. Through power, I gain victory. Through victory, my chains are broken. The Force shall free me. Or something |
Anonymous Coward User ID: 20473958 United States 02/22/2021 10:17 AM Report Abusive Post Report Copyright Violation | |