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The End.
>>2260740me from Eu, what this mean
>>2260740How about a link faggot..
>>2260742If they ban it here you're fucked too.
>>2260740crypto is the future and no one can stop it.
>implying you can stop people from exchanging digits over the internet
"Now Senator Diane Feinstein of California and Senator Chuck Grassley of Iowa want to add digital currencies to the monetary instrument definitions in regards to money laundering and terrorist financing statutes. Grassley’s team has published a summary of the bill which makes reference to prepaid cards, other cards that store value (gift cards), and digital currencies."It's fucking over.You will literally never be able to safely cash this shit out if these bills go through. Any deposit coming from a Bitcoin exchange will get your account frozen, investigated, and seized for money laundering.Sorry. None of this shit has any real use and is only associated with drugs/illicit activities in the government's eyes.
>>2260766>implying they couldn't ban exchanges
http://www.coindesk.com/senators-call-digital-currency-oversight-anti-money-laundering-bill/http://www.coindesk.com/the-irs-will-present-its-digital-currency-strategy-to-congress-next-week/
fucking facists
>>2260771>repaid cards, other cards th>banning decentralized exchanges
>>2260784That's great in theory but it still will tank the entire market. Most people are going to risk going to prison to trade crypto if they make it illegal.
>>2260771Pls stop conflating crypto with centralized exchanges.
>>2260740Senator Chuck Grassley of Iowa and Senator Diane (((Feinstein))) of California.>a cuck and a jew>/pol/ was right again
>>2260769>You will literally never be able to safely cash this shit out if these bills go through.just cash out against actual cash person2person
>>2260740who gives a fuck about burgers anyway
>>2260802Except you could sell them to an undercover FBI agent and then go to prison.http://www.coindesk.com/9-years-localbitcoins-trader-sentenced-latest-money-transmission-case/http://www.coindesk.com/localbitcoins-users-criminal-charges-florida/https://www.deepdotweb.com/jolly-rogers-security-guide-for-beginners/localbitcoins-part-1-police-are-watching-it/
>>2260805Right. It's just a sign crypto will drain the swap for real
>>2260769>create gemini account>cash out because they follow all lawsgee that was hard
>>2260805it will affect the whole market you moron
>>2260805Are you retarded? The USA makes up a YUGE portion of the market. This could crash the entire thing.
>Feinstein sponsored a bill in a Republican dominated CongressSo this is absolutely nothing then.
>>2260868thiscuckservatives will shoot down anything the Dems make, recreate the same policy and push it through 2 years later, after it becomes irrelevant
>>2260868This.https://www.cryptocoinsnews.com/republicans-slap-irs-coinbase-bitcoin-tax-hunt/
>>2260876Oh wow the republicans doing something right for once
>>2260868It's cosponsored by republican Senator Cuck Grassley.
>>2260889Chuck*
>>2260769I will just fucking move from the country no joke.
>>2260769IFUCKINGHATEDIANE FEINSTEINFUCKING KIKE
just pay your god damn taxes you libertarian fucks
>>2260740The house and senate finally realized that XBY mooned on them and they didn't get their insider trading benefits.
>>2260740Poor murricans your jewish elite won't allow you to be free.
>>2260875Read the fucking article for fuck sake. It's a democrat and a republican senator.http://www.coindesk.com/senators-call-digital-currency-oversight-anti-money-laundering-bill/
>>2260779Anyone have a link to the bill? The link to Scribid is down.
>>2260887because they want tax evasion toosuddenly you can understand the greed of the rich when you're making bank huh
>>2260889Grassley fails at everything to, its like you don't even follow politics.
>>2260771>banning Waves DEXBwahahahahahaha those congress cucks cant do shit....we have the russians on our side. In Vitalik and Sasha We Trust
>>2260769>FREEZE WE HAVE A WARRANT FOR YOUR ARREST!!!>O-o-officer, w-w-what d-did I do?>Says here you've been caught smuggling PEPECASH. IS THAT TRUE?>N-n-no sir>Minecraft game still open mining DGB tokens>You're going to jail for a long time mister
>>2260909It's not taxes you have to worry about. They will be able to seize your shit on suspicion of money laundering or illegal activities and you wont be able to do fuck shit about it.
>>2260923So? It's US politics lol, even being associated with Diane will get it shot down in a fully red congress
>>2260938>TRUMP WAS FUNDED BY BITCOIN WE HAVE TO BAN ITWould be amusing at least.
>>2260925The full bill is on this page here:http://www.coindesk.com/senators-call-digital-currency-oversight-anti-money-laundering-bill/
So, let's say they do ban crypto-currencies, what do we do for money then?
>>2260952>Specifically, it calls for a report "detailing a strategy to detect prepaid access devices and digital currency at border crossings and ports of entry">a way to detect digital currency at border crossingsIt never ceases to amaze me how stupid legislators are.
>>2260971F O R E XOREX
you know what would be really crazy though?if they tried to ban crypto but the people were like, "No." and actually put their foot down for onceBitcoin is the (money) revolutionthis shit needs to be seen through until the U.S. dollar disappears forever
>>2260876>Fewer than 1000 people were declaring Bitcoin profits or losses in their annual tax returnsHAHAHAHAAHAHAHA Bitcoin cucks aren't as dumb as I though.
>>2260929Hey now whenever I decide to cash out on my crypto I'll actually pay my taxes
>>2260769>bazooka blows a hole through your floor>flashbang explodes>fully suited exoskelletroops spring through the hole and taze you in the butthole>"PUT YOUR FUCKING HANDS UP AND LET ME SEE YOUR BLOCKFOLIO">"Says here you're holding 1mm bitbean kid. Do you know what that means?">"Yes. I am the bean boy."Could be worse
>>2260971Trade crypto.
>>2260839>Except you could sell them to an undercover FBI agent and then go to prison.> exchanging crypto for fiatnigga, they deserve it
>>2260800Iowan reporting in.I am so, SO fucking sorry, guys...
>>2260740This might be the final push to get me to move to Asia. Fuck this country.
Maybe this was (((their))) plan all along and the "bitcoin ransoms" were false flags. Shit just seems too weird.
>>2260971
>>2260740Relax, they're telling the IRS to fuck off.>Notably, the three politicians took a negative tack toward a major IRS investigation targeting users of digital currency exchange Coinbase, writing in the letter:>"[W]e strongly question whether the IRS has actually established a reasonable basis to support the mass production of records for half of a million people, the vast majority of whom appear to not be conducting the volume of transactions needed to report them to the IRS. Based on the information before us, this summons seems overly broad, extremely burdensome, and highly intrusive to a large population of individuals."
>>2260740http://www.coindesk.com/the-irs-will-present-its-digital-currency-strategy-to-congress-next-week/Sen. Orrin Hatch, Rep. Kevin Brady, Rep. Vern Buchanan seem to be taking the opposite position... Trump is generally pro-business/anti-IRS... We'll see what happens but I wouldn't bet on (((Feinstein))) winning anything any time soon
>>2260992>Billy writes a new cryptocurrency after school one day for fun>Friend gives him 5 bucks for some cause it's got a cool logo>FBI shows up at Billy's house same day, puts him away for engaging in extreme terrorist activities, face plastered all over the news, years of interrogation torture and imprisonment for life
>>2261041That is an entirely different issue.
>>2261016>Sell 10 million dollars of buttcoin to FBI agent>go to jail>get out of jail>Still have 10 million dollars waiting for you of government moneyNot so bad at all
>>2261020Call that mother fucker and give him an earful
>>2260975Except that have a military and prisons and will kill you if you don't comply. Good luck with that.
>>2260992genuine kek
>>2260754Nope.
>>2260975>this shit needs to be seen through until the U.S. dollar disappears foreverTalk like that is what is going to get this shit banned.
>>2261078>Implying politicians give a shit
>>226108199+% vs. <1%hmmmmm..........I just hope it happens in my lifetime
>complaining about free publicity
So the government found the one legal way I was making good money and want to shut it downIf they actually pass a bill like this I'm leaving and renouncing citizenship
>>2261096you fucking pussy
>>2261095Oh really? You don't think it would crash the entire market? How much of that market cap do you think is in USD and how much of that market cap would disappear if it was banned in the USA?
>>2261101Just imagine if mudslimes start using cryptosI hope they're too dumb, though
>>2261101Yeah I'm sure you're going to take them on from your moms basement right after you eat your tendies.
>>2260769>Feinstein
Just imagine what happens if mudslimes start using cryptosI hope they're too dumb, though
Lol (((they))) take my money, Oklahoma city.
>>2260740Looks like someone forgot to update Windows.
>>2261111Those digits.
I'll move to eastern Europe then. Fuck the government
>>2261060asset forfeiture m8
It's just a bill. Chill the fuck out.
LolWeak Americucks, as if this will prevent anyone who is really dealing crypto from doing anything
>>2261098They give a shit about getting reelected and they know pissed off constituents will vote their ass out.
>>2260972fucking gas themuseless parasitesREEEEEEEEEEEE
>>2261060Haven't you heard of how the government seizes drug dealers homes through government forfeiture.
>>2261137They already are mate.https://onegram.org/https://cointelegraph.com/news/is-bitcoin-halal-how-cryptocurrency-conforms-with-islam-and-sharia
>>2261168If Americans were banned from crypto then the entire market would crash.>market caps of every coin dissolve>people in other countries panic sell in response>everything is now a shitcoin
Leave it to Republicans to fuck everything up. B BUT DEMS ARE COMMIES!!
>>2261130>implying the revolution will be solely manned by tendies monstersGo FUD somewhere else FBI. 4chan is our crib.
>>2260972KEK. We can't let people smuggle the digital currencies cross the borders!
>>2260769>the poories are trying to become rich! gotta stop them! >can't let them escape their student loans or their garbage job that they can't escape from Lmao this country is trash
>>2261199You stupid nigger, a democrat is the main sponsor of this bill. Republicans are the ones telling IRS to back off coinbase.
DECENTRALIZED
>>2261190>everything is now a shitcoin... for a month>everything goes back to normal>American government literally shits itself - "gyuz we fucked up bad what now">banns get dropped immediately
>>2261201>Implying anyone is going to fight a "revolution" for you over crypto
>>2260898Uhh no, you were correct the first time.
>>2261116A good chunk of all that money is kept anonymously and there's no reliable way for the government to make tabs on whom owns what in all the blockchains SO most people probably would just ngaf and keep their crypto holdings hidden.Still, one can dream. A complete market crash would be amazing for our pockets, but we'd probably only get a medium-sized dip, like in january and last week.
>>2261214It's bipartisan you dumbfuck
>>2261214Source me the bill.
>>2261215BUTTRAPEDBYBUBBAIFYCASHOUT
>>2261241Here >>2260952
>>2261203>people are smuggling the internetz money cross borders! STOP THEM NAW>b-but the money is actually on the internet, people don't carry it with them. The passphrase can be memorized.>seize and question every passenger using a seismograph before they board a flight in accordance with the new US regulations
Hopefully they both don't get shot by criminals who use bitcoin.
>>2261265>Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017They are just trying to fight terrorism guys. That travel ban is racist though.
>>2261214Who gives a fuck. Feinstein and all the Neoconservatives are the same - Are you really such a dumb cunt that you care about whether its a democrat or a globalist republican? It's internationalists vs nationalists - not left vs right anymore. Although, democrat's tactics destroy the country faster when they're the ones temporarily in power.
>>2260800/pol/ is always right.
>>2261217Comey is gone and you faggots are going to get the paddle.
>>2261283They are trying to use "fighting terrorism" and "money laundering" as an excuse to try and enforce total oversight of crypto currencies for manipulation and taxation purposes. Fuck them.
>>2260971Guess I'd go back to selling my body. Being a woman has its benefits desu
>>2261294Fact.
>>2260769>move to eastern yurop>open a bank account there>cash out crypto>no capital gains tax>move back to the burgerland>pay for everything with your european credit card>wire money into your us bank account in amounts smaller than $10k when you want to make large purchases
I hate how old the government is. They're too old too understand crypto and will probably ban it. That will probably make the price skyrocket. And didn't Obama already say crypto is okay? Why are they looking into it again? It makes no fucking sense.
>show trading history>Pay tax>Sue prosecutor for time wasted and emotional damagesHow is that illegal
>>2260769How could I be charged for money laundering if I didn't actually obtain my money illegally?
>>2261305Sorry, but that's illegal too.
>>2261326The US taxes you even if you're in another country. As long as you're still an American citizen you have to pay full taxes on everything, so if you don't want to pay taxes you'll have to renounce your citizenship (which also costs money)
>>2261336What is civil forfeiture:https://en.wikipedia.org/wiki/Civil_forfeiture_in_the_United_States
Is it time already ?
>Bitcoin replaces USD as currency>Furious rich people lose their minds because their money is suddenly just declared worthless and they don't even understand what bitcoin is or how to get some>People who spent their entire lives studying to be financially literate suddenly find themselves unable to understand what the new currency is or how to get it
>>2261348Your country is truly absurd
>>2261348How will they ever find out I have a bank account in some shitty 3rd world country if I don't tell them?
>>2261326Except the entire market will crash and you wont have shit to cash out.
>>2260740I am seeing the Dollar end sooner. Jew
>>2261350These political ball things are so cringey
>>2261366you mean fun
>>2261361It's the IRS man. They'll probably audit you and find out.
>>2261350fucking topKek.
>>2260769>Diane FeinsteinShe is making me want to buy assault weapons with BTC.
>>2260769Thanks America.Wasn't Trump supposed to save the world?
>>2261305pls be in BELGIUMELGIUM
>>2261366>using the cringey unironically in a sentenceHow embarrassing
>>2261380>tfw they just banned assault weapons in california
>>2261409On second thought, if you are buying them with BTC I don't think that is your concern.
>>2260856China owns crypto market though
>>2260740fuck the jews. i'll just cash out in mexican pesos and make an account down the border.
Oh no, digital currencies are dead once again. Just add it to the list boys
Those fucking (((assholes))) someone will slay the government if they try and shut this shit down, FREE THE GLOBE, SHUT THIS DOWN AND WE WILL SHUT YOU DOWN
>>2261446>tfw just in time to be alive for The Great Crypto War
>>2261305Flash them.
>>2261305Post tits with timestamp and BTC address and .1 BTC is yours.
>>2261446This shit is just pissing me off so much.>oh nooooooo goys are making money!!!!!!!!!!!!!!!!!1111>we can't let that happen!1 only (((we))) can do thatFucking America do something for fucks sake.
>>2260740You guys all know what this means.MONERO TO THE MOON!!BUY BUY BUY BUY.
>>2261111I'M WITH YOU BROTHER.i'm 9000% certain /biz/ and /pol/ could get a #renouncecitizen tier trend going
>>2260868>FeinsteinReally made me think.
>>2261504she looks like evil incarnated
>>2261187>https://cointelegraph.com/news/is-bitcoin-halal-how-cryptocurrency-conforms-with-islam-and-sharia>bitcoin is (((halal))) and the rest are notyep, it's confirmed, sell everything you own and dump into crypto
>>2260740Look at this old cunt. Can't the deep web do something about her?
>>2260839These are obviously more than "omg he haz crypto"
>>2261504Lets program an automated drone with facial recognition and let it do his duty. I am willing to program the thing just get it armed and ready. /sarc
>>2260876WTF i love congressional republicans now
>>2260740oh look commiefornia trying to export their horseshit to the rest of the country...
Liberals and republicuks will be the first to go on the day of the rope. 1776 SHALL COMMENCE AGAIN. https://www.youtube.com/watch?v=FioL53uxK2Q
>>2261526Oy fucking vey
>>2261527>These are obviously more than "omg he haz crypto"Read the article..http://www.coindesk.com/localbitcoins-trader-pleads-guilty-money-transmitter-charge/http://www.coindesk.com/9-years-localbitcoins-trader-sentenced-latest-money-transmission-case/
>>2261560Carpenter Brut, fuck yeah.
>>2261527>>2261578A Michigan LocalBitcoins trader plead guilty last week to operating an unlicensed money services business.Federal prosecutors alleged that Sal Mansy, a resident of Detroit, advertising a bitcoin buying and selling service through LocalBitcoins, conducting $2,400,000 worth of business between August 2013 and July 2015.According to court documents, undercover agents engaged in two trades between December 2014 and March 2015 with Mansy, for an amount totaling roughly 6.32 BTC – an amount worth a total of just under $1,900 at then-current prices.Mansy is the second user of LocalBitcoins to plead guilty to the unlicensed money service charge this month. Missouri resident Jason Klein plead guilty to selling bitcoin to undercover agents on five separate occasions, and a seller from Rochester, New York named Richard Petix plead guilty to the same charge a week prior.Court documents detail how Mansy would purchase bitcoin through digital currency exchanges Coinbase and Bitstamp, later selling the digital currency on LocalBitcoins and depositing the proceeds into bank accounts connected to a company he operated, TV TOYZ, which was also named in the government’s lawsuit.Coinbase, according to a prosecutorial filing from 15th May of this year, closed Mansy’s account in June 2014 after questioning him about the nature of his account. Communications between Mansy and support staff for Coinbase and Bitstamp were included in that document, showing how both exchanges raised questions about Mansy’s bitcoin purchases and whether he had registered with the US Financial Crimes Enforcement Network (FinCEN) as a money transmitter.The prosecutorial document shows that Mansy argued, in discussions with the US Department of Homeland Security, that he wasn’t operating a money transmission business.
"According to Mansy, he had looked up the money service business requirements on the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) website and determined that his business model did not apply to that of a money service business," the filing stated.Mansy faces as many as five years in prison and $250,000 in fines at sentencing later this year.
>>2261578The fuck? I thought Bitcoins weren't "currency" they're considered "property". How is selling your property illegal?
>>2261598He could get away with it if he has a good lawyer
A bitcoin trader on exchange platform LocalBitcoins and his father have been sentenced to prison terms after being convicted of running an unlicensed money transmission business.The Department of Justice announced late last week that Michael Lord and his father, Randall Lord, were sentenced to 106 months and 46 months, respectively.Both were charged with running an unlawful money business, while the younger Lord plead guilty to a narcotics distribution conspiracy charge. The two plead guilty last year.Court records show that Michael Lord operated a LocalBitcoins.com profile, with the moniker 'Internet151', dating back to 2012. The profile lists more than 3,000 confirmed trades since it was created. Prosecutors alleged that the Lords used a series of personal and business bank accounts as part of an effort to obscure their bitcoin exchanging."Cybercrime is an emerging area of criminal activity, and we want the criminals who hide behind logon names and internet aliases to know that IRS Special Agents will follow the money in whatever form, whether it be digital or paper currency," Jerome McDuffie, an IRS official, said in a statement.The case is the latest to involve a LocalBitcoins trader in the US. In the past month, two other users of the site have plead guilty to similar charges. In April, an Arizona-based bitcoin trader was arrested and held following a police raid.
Honestly, as a european, what does this mean?
>>2261610Yeah right! Good luck going against the FEDS.
>>2261611This is different though, since he was obviously using it to launder drug money
>>2261614If it doesn't passes it means nothing. If it does pretty much crypto is fucked. Either way it's going to have an effect on the market. Big investors will start pulling out is my guess. This might not be a dip you want to buy either.
>>2261619Feds are trash.
>>2261636What are the chances of passing? And how long would it take?
>>2261611>Make exchanges fucking tons of money>They snitch on you for nothingFucking kekDECENTRALIZED EXCHANGE WHEN ?
>>2261609They're being prosecuted on state laws. If you're somewhere like Tennessee/Texas you're perfectly fine.
>>2261630Possibly but those people aren't going to prison for 9 years on any charges that are drug related.
So what are people going to do when (((banks))) ban cryptos? Can't become rich if you can't cash out. If you rely on fiat then you're still a cuck.
>>2261614It doesn't matter if you are EU or US. We are all fucked if it passes. At least until solution is found.
>>2261474Buy GNT. Naturally these laws won't apply to the Chosen Coins, because Adolf Hitler
>>2261647>DECENTRALIZED EXCHANGEHow would this even work?
I don't see how this is a big deal for anyone that isn't using crypto to launder or buy drugs. There's already legal precedent for the exchanging of crypto with other crypto and fiat, just pay your taxes.
>>2261680Already exists, just isn't being used heavily yet.
>>2261644I don't know anon but dark times seem to be ahead.
>>2261690>Already existsLink(s)?
>>2261504Dianne Feinstein is 83Chuck Grassley is 83They're about to die anyway and should be thrown out of government positions into nursing homes.
>>2261692Nah, what can they do? They'll just regulate the exchanges more, so they have better view on the transactions, so they can get more tax money out of it.
>>2261687Because they can just seize your money and tell you to fuck off like the do already with civil forfeiture. This bill has nothing to do with the bullshit they are selling it as. "Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017" Bullshit. They are trying to ruin crypto.https://en.wikipedia.org/wiki/Civil_forfeiture_in_the_United_States
>>2261706I don't want to be accused of shilling a specific one so here's a link with info on several alternatives.https://www.cryptocompare.com/exchanges/guides/what-is-a-decentralized-exchange/
Better by XRP boys....In all seriousness, the US cannot cripple the already started Crypto Revolution. They might can stall it but too much money and influence is established...I bet one day we will see politicians being bribed in BTC
>>2261657Bring back tarring and feathering.
>>2261712I'm sure they aren't the only ones that support this bill though. They are just the ones the filed it. The probably didn't even write it. It was probably some fucking bankers or bilderberg types that are behind it.
>>2261199>English reading comprehension: 0Must be one of Obama's dumb spic Dreamers. Fuck off anchor baby.
>>2261298This.
>>2261717>To get back the seized property, owners must prove it was not involved in criminal activity. Sometimes it can mean a threat to seize property as well as the act of seizure itselfDon't buy drugsPay your taxes
>>2261735This, the rich bankers and the corrupt 1% are going to crash the market with any means necessary, they do not want normies to start getting rich
>>2261754implying they wont just confiscate everything you own and then make you prove in court that you didnt buy drugs with your cryptos
>>2261717>Saddan was hanged for trying to sell oil for euros instead of dolar>Libya suffered armadegom for trying to create a currency based on gold instead of dolar>he thought that the jews would let their dolar be raped by cryptoLoL.
>>2261761If it comes to that, then the plutocracy is truly real and a revolution is needed.
>>2261754Except it doesn't work like that. As much as I can't stand John Oliver he did a great piece on this very topic. Lot's of people are straight up getting jacked by the government who didn't commit any crimes and they will never get their money back because they can't prove that they didn't commit any crimes.https://www.youtube.com/watch?v=3kEpZWGgJks
>>2260769People will just start trading it in person/cash like some already do. You're fucked if you don't live near a big city though to do this though.
>>2261647Soon.Check out BlockNet (BLOCK).Youre welcome.
>>2261781Nigga I ain't dying for some fuckin DOGEcoins. God speed anon.
>>2261778In the year of 2000 there were seven countries without a Rothschild owned or controlled Central Bank:AfghanistanIraqSudanLibyaCubaNorth KoreaIranNote how each of these countries have been under attack for last two decades, both militarily or by the media.
>>2261657Banks are balls deep into crypto.Just look who is tied into Ethereum and Ripple.
Let's form a lobby team
>>2261827This is actually a good ideaImagine the crypto donations you could get from people
>>2261818The USD is the most important thing to the stability of the county. They aren't going to let a bunch of NEETs ruin that.
>>2261822They are testing blockchain technologies. This has nothing to do with XRP or ETHER. They are already building their own shit.https://www.jpmorgan.com/country/US/EN/Quorum
>>2261845>being a virgin rich is now outlawed in the US
>>2261866KEK
>>2261862Wait, can you buy Quorum? Is it even for sale, or will it be?
>>2261305hower u
>>2260769Looks like (((they))) decided to shut it down.
>>2261845But what if we were specifically born into this time line to ruin the USD and usher in the new golden age.
>>2261872It's a private blockchain which from my understanding means no tokens will be available to the public.>Quorum™ is an enterprise-focused version of Ethereum. Quorum is ideal for any application requiring high speed and high throughput processing of private transactions within a permissioned group of known participants. Quorum addresses specific challenges to blockchain technology adoption within the financial industry, and beyond.
>>2261899Good luck anon.
>>2261845USD is irrelevant. What matters is the petrodollar. If other countries start using crypto instead of USD, there's nothing they can do short of war. The Rothschilds will fall.
>>2261901It is built on ethereum dumbass so eth price will be tied to it
>>2261929This.Plus, what are they banning? Surely this would prevent the use of blockchain which is a dumb concept.
>>2261938Show me your source on that.
my favorite recent article is "cryptocurrency could be the path to authoritarianism"kekthey haven't seen 1% of what the autists of the world can do yet. this is 10000% more fatal for them than shilling hillary was.
>>2261938>It is built on ethereum dumbassNo it's not. The code is just based on Ethereum.
The sad thing is there WERE real riches to made in crypto. That's gone now. You've got weeks, maybe months, before this bill is passed to pull your money out and forge this ever existed.Even then, a single trade on any exchange might taint you.Not just talking about the money you invested in crypto either, but EVERY FUCKING ASSET you own. Civil forfeiture means it can and will be taken if they even catch a whiff of drugs or money laundering. And unfortunately, that's all crypto has ever been good for.
>>2261974They wont shut down crypto, it's literally the only chance this Globe has of solving its problems
>>2261974Oh no JP Morgan, Microsoft, and Intel are gonna be pissed!
>>2261929>>2261954The petrodollar is the USD you fuckwads. Why don't you ask Sadam or Gaddafi about that one.http://faculty.georgetown.edu/imo3/petrod/define.htmhttps://www.youtube.com/watch?v=djwPqAJ_3GY
>>2261560>implying it's not the corporatist banks that are behind this
>>2261987Solving who's problems? Yours? They don't give a fuck about you and the world cant function properly with everyone sitting in their underwear trading cryptos all day. Someone has to work to feed the masters.
>>2262028This.
>>2261560w-what do you think this video proves, again?
>>2260769>Senator Diane Feinstein of CaliforniaCalifornia ruining something else, imagine that.>>2260903If my gains are substantial enough then I would too.
>when you cant control a currencyOYYY VEYYYY, you surely are a money laundering goy???? After you have paid your fine and given all your passphrases to us, let me remind you of all the benefits the government-controlled fiat currencies. I promise, fees will be low goyim!Have you ever heard of the evil nazi george zimmerman? He holocausted me over and over again while profiting from his 6 gorillion premined shekelcoins - that should be illegal!
We're fucked.https://www.youtube.com/watch?v=YDYfyAQ8lUI
So... BTC is kill?cash out or go all-in on Alts?
>>2261959The idea is not wrong. If the old players buy enough hardware to gain the majority due to having the most money they will remain dominant in the crypto ecosphere. Compared to cash it's completly tracked online forever public to anyone and with the majority they can change the balance sheets how they wish - full control just as before. This time it would be however globalised transcending goverment borders which means less control on them than with banking currently.
>>2262114You aren't listening. If this bill passes all of crypto is kill.
>>2261974It won't pass.
>>2262150Why wouldn't it?
>>2260740Hopefully burger ban will bring the price down for the rest of us.
>>2260769>Senator Diane FeinsteinWhy the fuck isn't she dead yet jesus christ
>>2260769> (((Diane Feinstein)))/pol/ was fucking right again.
>>2262169>Diane Feinsteinwe need some batman behavior on corrupt politicians
>>2260740Good thing crypto currencies have nothing to do with digital currencies.
>>2260972>gotta get your money somehow where is it
>>2261177They keep detailed data about public opinion - just a guess but crypto probably isn't on the forefront of Iowan voters' concerns
>>2260800>FeinsteinShe is really intent on making me hate her. Im actally floored.
Jesus, all this denial here.Listen to me. I'm pulling you by the ears and telling you, this should be taken as the STRONGEST possible, and ONLY warning that crypto is in deep, deep shit if this bill passes.Trading crypto will be more dangerous than openly hauling coke around.You will lose everything, and then some, if you ever transfer crypto cash to your bank account from these exchanges. Many will be forced to shut down/exclude the US anyway, and banks will have a government compiled list to report the minute a transaction comes through for a court order freezing and seizing it.This isn't just some "hurdle." It's an extinction level event for all crypto in the US if it happens.
>>2260903>>2261111Agreed. If this shit gets banned, I'm officially leaving this country. That would be a disappointment since I'm already in the process of moving to another state very soon.
>>2262229this nigger
>>2262229the trump government supports bitcoin you retardit's fucking legalized in japan and chinks are buying it up like crazyfrance's new pm or whatever the fuck it's called back there supports it toocope more no coiner
such freedumz
>>2262159Repubs control both chambers + the presidency and they're already shitting on the proposal. It's dead in the water.The fact they'd even waste their time proposing the bill is crazy, though.
>>2262229I don't think it will happen desudigital currencies are the future. no stopping it now.
>>2262229>>2262237time to grow up and start trading equities with the big boy
>>2262229stop trying to scare us back into your stinking zogbucks, schlomo
>some literally whos propose a bill that will most likely get no support >/biz/ loses their minds thinking this is the end of crypto Do you people have no idea how anything works, or?
>>2261929>USD is irrelevant. What matters is the petrodollar. If other countries start using crypto instead of USD, there's nothing they can do short of war. The Rothschilds will fall.Are you stupid? Cryptos are a threat to all central banks around the world. Yea, let's promote a currency that no government can control so we can defeat the petrodollar. I'm sure China would love that.
>>2262264Why am I tagged in this? I trade stocks too, by the way.
>>2262253The "Trump government" doesn't control Congress. He's barely surviving investigations out the Wazu and potential impeachment at this point. That could change anytime.Even if Trump won't get on board with a crypto-ban, there's a very real possibility Jesus Freak will be the next President after his impeachment and removal. Pence will absolutely bend you over.
>>2260740I would suggest everybody to withdraw your bitcoins from coinbase to your wallet. It is obvious they are going to rob them like they did with gold when FDR.
>>2262159Orrin Hatch (Republican Senate Majority Leader) already told them to fuck off in >>2260876Trump would probably veto it even if it did make it past the senate, because Trump fucking hates the tax man. Trump probably hates Dianne Feinstein too, considering she's one of the main agitators calling for his impeachment/resignation.
>>2262257The bill is cosponsored by a Republican Senator.. Why don't you read the article and the fucking bill before you go talking out your ass.
>>2262287T. Pankasich and McMuffin
>>2261366butthurt anacap detected.
>>2261187>is bitcoin halal?Why is this so funny to me
>>2262287>Pence will absolutely bend you overDoubt it, Pence is also pushing for tax code reform just like Trump is.also>Trump will be impeached any day now!!!t. increasingly nervous man
>>2260740A bill submitted =/= lawQuit freaking out, shitheads.
>>2262300That is an entirely different issue.
>>2262301One fucking rino cuckservative, big whoop. >>2260876
>>2262300This isn't about taxes. Jesus christ man they are going to kill this shit. Why don't you read the entire thread before you comment on it so we don't have to have the same discussions multiple times.
>>2260839Newcoiner here. Just bought my first btc.>Transfer $ from cash account to coinbase>Buy coin>Transfer to wallet for use on poloniexSay I make some gains on polo and convert the coins to fiat. Can I safety transfer the fiat to my bank? I don't understand what these people are getting v& for.
>>2262287>Jesus Freak will be the next President after his impeachment and removal.>impeachment Lmao, how delusional do you have to be?
>>2262279Who cares about China? If they help kill off the Jew monopoly on money and globalism then more power to them. In fact it wouldnt surprise me if China gave a helping hand to Americans with large sums of crypto should something bad happen with legislation.Btw Asian countries have the biggest stake in crypto and they are not letting go regardless of kike Feinstein and her draconian legislation here in America. In America crypto is still seen as fringe experiment, in Asia and much of the rest of the world it is seen as a serious investment and genuine alternative to unstable currencies and markets.
>>2262347It's safe for now but if this bill passes they can confiscate your shit and you won't be able to do a damn thing about it.
>>2261116you ain't in in charge of anything uncle sam, the biggest chunk of the market is moving to china\japan\south korea. so fuck off
>>2261562cryptojews want to take your cryptos
>>2262349I don't know if you've known many chinese nationals, but generally speaking they're not very good people. Why do you think Zuckerberg got a chinese wife?
>>2262346>this isn't about taxesWhat the fuck do you think money laundering is? Go read the Hatch letter again. https://waysandmeans.house.gov/wp-content/uploads/2017/05/2017.05.17-Coinbase-Letter-Hatch-Brady-Buchanan.pdf
>>2260740>tfwlol I'm seriously considering moving and renouncing my citizenship. Even living in a 3rd world shithole is better at this point.
>>2261845Anon, I have bad news
>>2261995What I'm saying is that the actual "value" of the USD doesn't matter. So long as it's the only thing traded for oil, then it will remain as the world's reserve currency. Of the mantle of the petrodollar were to shift to something else, then that would be the new petrodollar. Coincidentally, what would happen if someone made a blockchain whose only use was in trading oil? What if the value of that was pegged to the market value of a barrel of crude oil? I'm thinking this might make the Jews squirm.
>>2262378I do as a matter of a fact.Like anywhere else in the world where people have at least an average IQ of 100+ (eg not Africa, the Middle East or Latin America), they have both good and bad people, most of the ones Ive met have been good. Certainly better than the conniving, kike scum we have running the Western world at the moment.
>>2262117Except blockchains are voluntary. If the Rothschilds ever bought out a blockchain or took control of it, I'd stop using it.
>>2262391That isn't the same issue. Obviously they want to get as much money out of it as they can before they kill it. The issue is they can seize everything you have and you won't be able to do shit about it.
>>2262413>what would happen if someone made a blockchain whose only use was in trading oil?That person and his whole family would be murdered.
>>2262050 That there's still fight left in the civilians, and that we will crush the globalists into a fine powder with which we will fertilize the Tree of Liberty.
>>2262229Almost every developed and non developed country in the world is accepting crypto more and more by the day. Japan, China and South Korea are going balls deep into adopting crypto. Hell, even Russia that was against in the beginning is now accepting it. Do you really think that a turbo faggot senator alone will be able to completely fuck a market with this much money and political interest involved? Are you really that retard or you are just trying to scare people off?nocoiners sure are desperate.
>>2261818Add the Philippines to the list, I think Duterte mentioned that he got them out of his country
>>2262229Explain to me how to fuck are they gonna "forfeit" all my shit if I hire a CPA/tax attorney and report all my fucking gainz like a good goy & pay the cap gains tax
>>2262435They can already do that with fiat cash and any other form of property (including the harddrives you store your btc on) via civil forfeiture, cops can take your bills or anything they believe to be proceeds of crime, whether you're charged with a crime or not.
>>2262456Do you really think if another currency was a threat to the USD the United States Government would be powerless to stop it?
Also>when China and Russia support the free market more than freedom land
>>2262373>People are making too much money and we can't tax the gains awayFucking WHYEverything good gets destroyed to keep us broke
>>2262442Kek, didn't like my family that much anyway. Time to fund it.
>>2262229>You will lose everything, and then some, if you ever transfer crypto cash to your bank account from these exchangesDoubtful, nice fud though.
>>2260745http://www.coindesk.com/senators-call-digital-currency-oversight-anti-money-laundering-bill/https://news.bitcoin.com/two-senators-bill-digital-currencies/
>>2262435>seize an asset that has the sole purpose of keeping money anonymous and off the government gridI dont think you understand why and how crypto was started.Will the purpose and power of crypto be tested strongly either now or sometime in the future? Yes, of course- the kikes in power are going to throw a massive hissy fit as their fiat dollars turn to toilet paper seemingly over night. Thats to be expected.Will crypto fail that test? No, it wont. It may take a small bit of due diligence on your part to keep your crypto transactions away from the banks and thus the IRS, but other than shutting down the internet completely (which Nexus coin is actually looking to circumnavigate), they will have no way to track your crypto funds down and no way to regulate them inside the cryptosphere, ESPECIALLY once decentralized exchanges such as BlockNet are up and running.
>>2262431You will lategame get the same issue as with fiat now - the most adapted coin(s) will be the new money essentially you have to use if you want to do anything meaningfull IRL.
>>2262476Yes. The United States government cannot stop and will not stop crypto. More fud. Yes its over....for the US dollar. It's just too late for them. The dollar is fucked. They cant regulate crypto. Crypto is the future whether they like it or not. Dont you guys get it? Collectively we have more power than the government. They cant do shit.
>>2262516>Yes, of course- the kikes in power are going to throw a massive hissy fit as their fiat dollars turn to toilet paper seemingly over night.Talk like that is why it will be killed.
>>2262523>It's just too late for them. The dollar is fucked. They cant regulate crypto. Crypto is the future whether they like it or not. Dont you guys get it? Collectively we have more power than the government. They cant do shit.You need to chill off that crack pipe.
>>2262520And? Just shed that "big crypto" to a "crypto" in small, sequential stages. I bought 3000 worth of parts to build mining rigs and I'm now making the equivalent of $1500 a month in ETH. I've basically transferred most of my assets to crypto. If it can be done with fiat, it sure as shit can be done with any future currency.
>>2262476History has shown, time and time again, that governments that try to force things or try to limit people's freedom in very direct ways get fucked over time. If you want to control something you have to do it through propaganda/subversion and from within, over time, like they did with today's internet. Trying to control crypto from within would be a much smarter move than doing this kind of shit and I know the US government isn't dumb, which is why I know that what this fag senator is doing is irrelevant.
>>2262535Talk like that is what will piss them off, but it cannot kill crypto.
>>2262535(((Something's))) going to get killed here and it's not digital ones and zeros, anon.
>>2262535It won't be killed, stop listening to turbo autists fear mongering
>>2262481>Everything good gets destroyed to keep us brokenot everyone is going broke
>>2260740Launder it through offshore banks, like Australian or Canadian banks, only withdraw small amounts of fiat at a time.
>>2262225and all the dumb fucks in commiefornia keep voting her in like she's for the little guy and not (((them)))
>>2260740this is just MORE incentive to buy cryptoyet another reason to hate fiat
>>2260769(((Feinstein)))
>>2262264>trading in a market propped up by the Fed and Trump's plunge protection team and investment banker cabinets as with dark pool exchanges ensuring that no real price discovery can ever take place No.
Honestly, even if this DID escalate into anything serious,the government and all the bureaucracies would take a VERY long time for any real effect to take place on the markets. Even still, you can withdraw your coins into private wallets that cannot be controlled by a centralized exchange.Furthermore, decentralized exchanges will be the future. BitShares already has a platform, and WAVES is leading the battle for a better all encompassing system. With fiat exchanges and other digital currency movement.
>>2260769>Prepaid cardsSo you're saying there's a chance? Creditors won't like losing that side of their business.
>>2261761Honestly I think it's more likely they will hoard crypto currencies, and use fed policy to create buying opportunities.
>>2262552I think you're projecting here. History has shown that when governments force things like this, it doesnt work out. Crypto is a global revolution. Nothing is going to stop it. Period.
YES, FINALLYA CHANCE TO BUY THE DIP
>TFW when you realize WW3 will be started over crypto
>>2262516$NXS - Intergalactic Quantum proof blockchain, the last golden ticket
>>2262817I'd be very worried if I were a jew, because that might not be a fight they can win.Everyone is going to side with crypto. Even some jews won't be able to resist.They're going to lose that fight.
>>2262229Assuming whales let this pass
Who do I write a letter to
>>2262817We have finally reached the beginning stages of the Cyberpunk timeline. I'm so fucking pumped, shit's lit as fuck.
>>2262920Time to dust-off my shadowrun books.
>>2261060Yeah, if you don't lose it all paying for ass protection in the prison
If crypto becomes illegal, then prices will REALLY skyrocket. We have a problem with this?Till then, just write a letter to your Senator/Congressperson: "Dear Representative Asshole: I would just love to donate a thousand dollars to your re-election fund. So would several of my friends. But we can only do it in Bitcoin. Of course that means the $1000 your getting will be totally anonymous... That's OK with you, right?"
>>2262778This guy knows.This move is likely a bait and switch designed to give some big player a chance to scoop up cheap coins after scare tactics force a price drop.