Small payments to a crypto exchange on a bank statement is far more easier to explain than a subscription payment to pornhub dot com.
If we look at society some people do have secret legal addictions which would be embarrassing for them if people find out. BTC will have a high value to this sort of person.
Society seems difficult, one minute they are complaining about privacy and cookies and advertising and personal data being sold on, theres big court cases and millions get paid out and companies get fined, then when people are given a secure method of operating in private they say its a scam. Itâs a topsy turvy world we live in.
Itâs fear mongering because someone was a victim despite the winners which everything in life is like that. From court room verdicts to simple misunderstandings. People sometimes get away with printing money and acquiring legal goods with their illegal tender. We donât throw away the entire system due to their actions. We catch them and carry on. Same thing is going to happen to bitcoin considering a person with the U.S. Federal Reserve is calling for regulations into crypto thus will also make it more secure which means investors that are shaky will invest since they know their investments would be more secure. Money would be retrieved like that 2016 hack. Peopleâs bank accounts get hacked all the time and you donât see people shilling against bank accounts though. You see them shilling against anything new with the potential to actually increase prosperity for the layman.
No. On the opposite, small payments to a crypto exchange canât be explained.
Just the same when you use another form of money transfer, like paypal.
And you are just as well anonymous on another payment platform. You donât become more anonymous because your transaction is registered on a distributed ledger, itâs the opposite. The moment your id leaks your whole âanonymousâ thing is in shatter.
If I make it against the law to collect taxes because I reform the financial system, I bet youâd still call it illegal. Also, the quote isnât a false one. Itâs something a lot of communist say and itâs something you can even see in pop (fake) culture.
HODL, right?
Well, some people no longer have access to their bitcoins, they will HODL forever. Giving the bitcoin value. Kinda like the Swiss banks, been a while since they could get away with that. Iâm just posting all possible viewing angles I can get. This might anger people somehow, but if you or others here find the things I say offensive because âItâs not me but some other Bitcoiner that did it then avoid those specific topics unless you can counter it with interesting informationâ. We are all adults in the room here. Itâs not an easy discussion but if there is one hope for Bitcoin and NFTâs to be discussed in an intelligent yet somewhat agitated way, this is the only forum in the world where you can do this.
We didnât use it for 100 years yet, itâs already riddled with scammers, banksters, criminals and the like. Yet every government that tries to regulate is met with a bitcoinerâs âSee, itâs totally legit!â. Iâd have to say that the governments are trying to avoid criminals to exploit bitcoin in a way it would destabilize their country.
In 2021 we see some ~50% drop in hash rate. Probably China saying no thanks, we donât need lung cancer as a reward to slave for banksters. Afterwards we see it grow back a little due to Kazachstan offering âclean coalâ to the âpoor peopleâ mining.
Clearly the profits for mining will be as low as possible as the Bitcoin Mining Industry will search for the cheapest energy.
I guess anything is open for debate, so here it goes;
Taxes are held on (primarily) business transactions where a part of a PROFIT is taken to share with the community. Taxes give governments the means of caring for the weak. I bet you are a strong , young and healthy person that âdoesnât need no stinking governmentâ. Thatâs all I have to say about that. No government would do away with their ability to govern. The lesser the tax income for a country, the weaker it is. The longer a system is in place the easier it is to evade the taxes. This is why every large civilization eventually crumbles, not enough tax income to deal with issues.
using the weak as an excuse to take what one rightfully did not earn nor was even there to take money from everyone including the weak is the kind of excuse a real criminal would give to justify their behavior. Just because one is protected by law doesnât make it right. Anyone can wield a pen and ink a piece of legislature but that doesnât make it right. Often time our so called representatives pass things and do things with our money we never had a say in nor would we approve of if we did. You think I like it when my country drone strikes innocents and calls it collateral damage in foreign countries? You think if I had a choice that Iâd approve of it? Nope. Taxes are an attack on the people. Instead of printing money for banks they could print money for actual work and recycle money in the system by providing actual services like a federal construction crew or a federal automobile line. Na, instead, they gotta take your money without asking unjustly and then do who knows what. I wonder how much tax payer money went to Epstien.
Erm Yes, one can say they are dabbling in trading crypto, and then can carry on lying about their porn addiction. that is all I meant itâs not a big deal.
In the UK a couple of years back the government only just finished paying compensation to the families of British/Irish /Scottish people who owned slaves. Iâm unsure why slave owners were compensated but hey these are some of the silly and disgusting things the UK does with our tax monies.
Go ahead and help poor people with tax money, help refugees, invest in good causes, help the disabled, pay for services like train, bus, and general support for local communities, but give the money to ex slave owners as compensation and I will tell you to â â â â off.
If people want to pretend all tax money is spent on good causes let them go ahead.
In my opinion this is more for the investor who has directly brought crypto with cash, this is what the trading game is about tbh and this wonât change just because crypto happens to be the commodity.
Iâd say anyone who has brought crypto directly and is holding onto it is still in a strong position. El Salvador adopting bitcoin has given BTC a lowest possible value which I believe is currently around ÂŁ25k per BTC. Previous drops in value went all the way down to around ÂŁ20k per BTC.
Mining was still very good when BTC was around ÂŁ25k, currently itâs close to ÂŁ32k. for bitcoin to fail at this point El Salvador would need to stop using BTC as legal tender, and UK and USA and other european countries would have to ban it too.
I looks like Texas USA will become the bitcoin capital of the world soon and many miners from china plan to set up there. Massive buildings are being built and thereâs also new homes being built in the area where the Chinese crypto miners plan to build. It looks like they are very busy in the USA preparing for a crypto boom.
Oh no! How can the majority of the people be in on this vile attack on humanity!
The gold standard⌠Just look it up okay. Itâs not confidential, secret or top secret information. They went away from that to be able to invest. The issue can indeed be they did not invest well. Check with your local representative and tell him about how this can be an issue for your country. And mention that you were the one to be mentioned in the history books of âThe one guy who saved the simple economy.â
You, as a citizen have rights and benefits. Taxes are there to protect those rights and benefits. Are some government spendings bad? Then again, inform your local politician.
Epstein and you have exactly the same idea about taxes, pal. Be careful how you project.
We are not children. In the UK slavery used to be legal, almost like bitcoin, those slaves had to mine for the somewhat richer. When people told them to do away with bitcoin/slavery they posted on forums about how they paid for that slave and that the African slave trade was giving a life to the slaves of conquered tribes. In the human rights optics, thatâs not okay, but people said exactly like the post above, itâs like a passive income and they invested in humans instead of computers.
To abolish slavery, they paid the slave owners compensation for the loss of their human non-ASIC miners. It was a legal business just like crypto. Some abused their slaves more than others, look up youâll find the exact same excuses in posts only a little ago.
Most people donât want taxes. Theyâre not in on it by choice. Also, the only thing that protects my rights is violence. Itâs why guns are a thing and why the right to bear arms will never truly be illegal. A country may outlaw it, but when the time comes for justice to pass on that country, no one will care.
No one cares about explanations. They care about â â â â getting done. It can get done without taxing me using their fiat currency. Instead of printing money for retards who canât make a sound judgement call on their loans/investments, they ought to print money for them (the people who build roads and work at hospitals) to avoid taxing me.
Maybe they donât want roads either or parks or social services or hospitals. Or are people on purpose not explaining them how the government works? I assumed you wanted the truth, but I see you canât handle it.
Iâm sorry but we cannot compare bitcoin to the Transatlantic or Arab slave trade, this is offensive. With slavery people wanted free labour without paying a proper wage. With bitcoin investors and miners are more than happy to pay for their investment or mining machine and do not want anything for free we are happy to work for it.
lease start a topic âgovernment should not tax âwe the peopleââ and one called âgovernment cramps âwe the peopleâ!â and have some disclaimer that âwe the peopleâ are the rich people.
Although these are two interesting topics, stop derailing the NFT/Bitcoin scamchat. Letâs get back on topic, there is so much more to discuss.
Good, then lets get talking about Bitconneeeect⌠eh lol, bitcoins/crypto/NFT again.
The thing is though itâs difficult to talk about an actual currency (BTC) without talking about all the things associated with a currency. BTC has the potential to be a major part of finance and can change the world.
Generally, I think Iâm going to keep it simple for myself, If I was going to another country I would swap my currency for that of the country Iâm going to. I can view the digital world as a place which is visited and if I am to visit it I have the option of exchanging my currency for that of the digital world.
Oh, we are going that way, right? How offensive is the carbon footprint in Kazachstan?
Historically, in Africa conquered tribes killed the males. They discovered they could sell those people as workers and gave them the option/illusion of choice. Yes, you do not suffer but lots of people might be in financial problems getting them falling through the mazes of the social security system.
Stop derailing it then realize there are some -albeit light- comparisons to slave trade and they shout itâs âoffensiveâ to take a look on how some bitcoin miners are working in what today would be called slavery.
Yes, you say "Iâm okay for working for 2 to 6 euro a day as a second job, but this cannot scale as it is considered exploiting labour. Just look it up. Ok, you âdonât have a wageâ but with your ânon-economicalâ explanations itâs damn hard to make anything of whatever that industry hobby is.
And my country is quite large. Many resources we import we donât have to but for some reason they do. Itâs asinine on levels that shouldnât even be possible. I bet my taxes goes towards having that vulnerability, that dependency, on another countryâs leaders. All it takes is one bad ruler and itâs tits up for everyone depending on them. Thatâs a national security risk and my taxes never address it. It can be so easy for one bad actor(s) to cause a disruption in the supply chain by rumor mongering. People tend to see tv shows and movies from foreign countries but not their news and what they report. One bad actor can claim X country is planning an attack or some unfavorable action simply to cause a disruption in trade between countries. Where America can acquire the resource within the bounds of my country, they often times opt to import it instead which costs resources to ship around. Instead of having all the manufacturers necessary to assemble various products in our own country providing work opportunity for Americans, they off shore it all to many different countries where people often times get paid worse than our minimum wage. The government works like crap. All those international business connections are all weaknesses. It should only be done when it is literally impossible to be done on American soil but instead they opt to basically offshore everything for slave labor prices whilst consuming more raw materials and resources than necessary to make it cheaper. Itâs the most obscene and asinine thing. So when people want to tell me how the economy or government works when every government has a role in the economy and all that madness is going on, I know very well all Iâm going to get is beliefs given to the masses to justify keeping things the same. An indoctrination. An explanation that people often times use to keep things the same.
I read through your post and I do agree with the gest of it. Now ask yourself, what caused the degradation?
In general if I would compare to the Roman Empire, it troubles were -as I mentioned previously- time. Because people who have money and do not want to do the same as the government tend to avoid the taxes or bribe politicians to do things that do not benefit the people;
I could go on for some time but itâs a whole other discussion, unless you are trying to make some anology to CCPâs governance âshareholders/investorsâ / âCEOâ / âStaffâ/âPlayer concernsâ.
Itâs why Iâm interested to see where bitcoin and crypto currencies may take us. I have seen the direction my country has been heading in the past few decades and I know the grand majority of Americans literally live pay check to pay check. So if one thing goes wrongâŚ
Crypto currencies may evolve into something where anyone with access to the internet may make an additional income. Iâm not up to speed with it but I have even seen things about NFTs and artwork and one of my family members that actually sells art she creates is investigating what can be done with crypto currencies and her work.
