/biz/ - Business & Finance

>>2445238
I'm really getting tired of these fucks.

Oh, and on top of civil asset forfeiture penalties, there are also criminal penalties.

Right now according to current law they can imprison you for up to FIVE YEARS for not filling out the form. Five years.

But apparently that doesn’t go far enough so this bill aims to double the criminal penalty to TEN years in prison.

Further, their bill wants to pull any business which “issues” cryptocurrency under the anti-money laundering regulatory umbrella.

Here’s where these people demonstrate that they have no idea what they’re talking about.

No one “issues” Bitcoin. There’s no Bitcoin central bank. There’s no Chairman of Bitcoin who decides on a whim to increase the supply.

Bitcoin is created automatically amounts that are predetermined by its code. It’s software.

So the Senate is essentially trying to force the Bitcoin core software to comply with money laundering regulations.

The bill also attempts to drop a major bomb on Bitcoin by including it in the list of monetary instruments that must be reported when entering or leaving the US.

CALL your congress & house of representatives and tell them not to pass this bill!

>>2445238

Please keep posting OP. I'm intrigued by the lack of mental capacity these faggots have.

There is no way TRUMP will let this pass. Right?

lol amerifats on suicide watch

What does this mean for XRP which is in bed with banks?

>feinstein

fucking figures that old hag

it wont pass

batman villian vigilante justice on evil politicians when?

>>2445286
>The bill also attempts to drop a major bomb on Bitcoin by including it in the list of monetary instruments that must be reported when entering or leaving the US.
So you can't even get away from the US to avoid this bullshit. Holy shit man

oy vey, sharts better buy bnt

Scared of ETH right now honestly. If Putin backs it, Dems are going to go after it ruthlessly.

This is kinda a slap in the face. Finally the people are in power of their own money and now there is legislation proposed to regulate it.

95% of the congressmen deserve to get shot tbqh.

>>2445332
what did you expect the us would do? does this show you how fucked up people like feinstein are? see why the dems are so bad?

Bump. Scary shit. The tragedy is if they do regulate the shit out of crypto, it won't stop it, it will just leave America behind while the rest of the world gets ahead.

FWIW CBP has always taken issue with you transporting $10,000 in cash and a dog isn't going to sniff out the password for your eth wallet between the folds of your brain.

>>2445348
I'm so far removed for politics and have no idea who that is. Hopefully congress doesn't throw a fit in their carpeted building again about this whole thing.

>Feinstein

democrat trash, it will never pass. They're just pandering to bernie retards.

>>2445238

OHOHOH HOHOHOHOOO hHOOHOOO

enjoy your trumpland. your gun violence and uninsurance. your great public transportation system and wonderful, protected environment!

USA - slavery at its finest^

>>2445323

Yes, this. Expect ETH to be outright banned as a sanctioned Russian terrorist coin when they regain power. Clock is ticking until 2018. Vitilak is a fucking idiot for ever meeting Putin if he knows anything how strong the anti-Russian backlash is due to the election hack.

>>2445238
yeah fuck the u.s.

I'm leaving this country once I have enough in Bitcoin

>>2445238
Can we save crypto?


No it's fucked

>>2445238
these retards have no idea how crypto works. Also (((Feinstein))) of course this vampiric bitch who won't just fucking die.

>mfw this bill will stop a lot of crime

>mfw a handful of dweebs oppose the bill because it might interfere with their internet monopoly money earnings

these bills have a huge impact on big crime outfits. saying we shouldnt have bills like this because some random nerd will be affected is like saying we shouldnt have stop signs or traffic lights for cars and trucks because they impede the travel of you on your rollerskates

>>2445377
Bernard wouldn't allow this.
Ron Paul wouldn't allow this.

>>2445312
#Alexandria

>>2445316
And how is this enforceable?
No, seriously, you put whatever amount you have in an encrypted file, and how exactly are they going to know it belongs to you, or how did those funds became yours?
"No sir, I have no such thing".
Even if they search you thoroughly through every means possible to them, HOW will they get to your bitcoin backup?

>>2445395

It's possible that the bill simply doesn't pass, or is changed to the point of no longer being horrifying.

Obviously they shoot for the stars with their demands so that they have more sway when it comes to the round-a-bout between the two parties, and the President.

>>2445352
we see this already with NY

Them trying to control crypto reinforces its need and importance.

>>2445449
wrong side, retaliation imminent? is this the beginning?

>>2445444

And that's why we're slaves - wimps like you who give up their freedom "to stop crime."

There's a bunch of shitty bills introduced daily

>>2445465
I got stoned and had a fantasy a few weeks ago about the Hillary vs Trump election. In my fantasy each candidate represented a faction of the deep-state/financial elite established order. Hillary represented the status quo side of fiat currency and the central bank, and Trump represented those willing to go big on crypto.

Reflecting on it on Sobriety, it makes some sense. Trump & his associates have been somewhat friendly towards crypto, while the old Democrat establishment are the ones trying to squash it down the hardest. You can see this from Feinstein, and also in NY and WA.

>>2445238
>1. Cash is Evil
>2. Bitcoin/Crypto is Evil

All that matters for them here is number 1 and number 2. They know the financial crash is inevitable and preparing for that. Everything is exactly as James Rickards described. Better start buying physical gold now

>>2445471

Agreed. I'm now starting to enter my mid-20's, and the hope I used to have towards the future is pretty much eradicated.

I still have hopes, dreams, and things I strive for, but at the end of the day I wasn't taught the most basic principles to survive on my own w/o the use of Burgertokens.

I find myself wanting to quit every single day, but at the same time realize the cost of doing that. You literally have to pay the government for anything and everything. You stumble across Blackbeard's hidden treasure? Better save some of those dubloons for when Uncle Sam comes nosing around because you now live in a decent house, and aren't contributing to the workforce.

>>2445502
Trump barely understands how the internet works. He thought Bill Gates could control it lol.

>>2445238
OP can you make this thread in /pol/ too? This needs to get out

>>2445444
Crime doesn't get funded out of nowhere, dipshit. If you don't want to contribute to the solution of crime (an overly generalized concept), suuuure let the gov baysit you.

Don't go complaining about the UK's public security policies later. WATCH OUT, HE'S GOT A METAL TABLE KNIFE!

>>2445444
the only real crime that needs to stop is niggers shooting people and this does not apply my boy

>Republicans supporting additional financial regulation
Literally will not even be brought to a vote

>>2445556
Itll slide, happening right now

>>2445603
For once I'm glad for their existence. Although, they may want to kill crypto since it threatens fiat.

>>2445634
Nah most of those new-age repubs other than the cuckservstives are for less financial regulation.

Rand will kill it

>>2445646
thank mr happening

>>2445661
Mr. Happening Jr.

>>2445444
It will stop some crime. It will hurt a lot more innocent people than the crime will. Also the government has 0 interest in stopping crime, why else would they sell drugs and protect cartels?

>>2445286
>>2445238
>Congress regulates Bitcoin
Lol. So..everybody switch to ETH?
>Congress bans ETH
Ok...switch to Monero?

This is so fucking easy....

LoL /biz/ was calling a little faggot when I told them regulation is on the way 1 month ago. Who's laughing now.

>>2445238
Nice, this will only drive even more money in crypto, seeing as how it's an asset that the government has no way of seizing without obtaining your private key. Better yet, it's an asset they have no way of even knowing you own if you store it properly. I fully expect the crypto market cap to reach $1 trillion by the end of the year if this bill passes.

>>2445450
I think what's even cooler is that you can send your entire net worth to some BTC address, memorize the private key, and then delete any traces of it (this is obviously a stupid idea so make backups and bury them in a safe or something but you get the idea) and then the entire wallet would be in your brain.

Just your entire fortune in your brain with no way for anyone to ever possibly take it away.

It's a completely effective way of fully removing US money from circulation if anyone wanted to do that.

>the land of the free

>mfw cryptocurrency threatened the tyrannical federal reserve and the banking cartel
>mfw I'm taking a part in bringing down the Jews in Government

>>2445747
Oh wait. no. I'm retarded. When you bought the BTC, you paid someone in cash for it. Money is still in circulation.

But being in complete control of it (with a brain wallet) is still pretty amazing to me.

This should be sticky

>>2445386
Senator (((Feinstein))) from CA sponsored this tripe. She's worth 50MM herself thanks to americans who act like faggot eurotrash such as yourself instead of patriotic citizens of the leader of the free world. Doubt the dried out cunt even read it.

It's a good thing I'm not cucked by the US government like you faggots.

Hopefully you goys will kill yourselves so I can stop reading about your bullshit

>>2445312
I'd donate some BTC for that.

>>2445747
This. Very cool. Any regulation that tries to control cryptocurrency without even a basic understanding of it will only hurt law-abiding americans and set us back from the rest of the world. It'd be like banning spinning machines during the industrial revolution.

>>2445348
>implying it's just dems and not the entire partisan system

Do you understand the amount of bills that go through congress?

This shit will never pass. At least not under Trump

>>2445747
You use an mnemomic phrase, not the exact private key in regular hash format.

>(((feinstein)))

>>2445836
If it does though what country are yall moving to after renouncing citizenship?

>>2445848
Come to the UK, our government is extremely internet friendly.

>>2445768
Yeah the BIP-39 12 word mnemonic phrases aren't hard to memorize. And it gives you the ability to store thousands of multi-currency wallets in your brain because the addresses are created deterministically from the seed phrase.

>>2445634
>for once I'm not a cuck who wants to pointlessly destroy people because I'm one of the people about to be destroyed

kill yourself

>>2445884
>UK
>Internet friendly

Sensible chuckle

>>2445884
Isn't Theresa May trying to "ban encryption" LMAO.

>>2445358
Plot twist - I keep the password on an index card wedged in the folds underneath my mantits. Here's hoping the sniffer dog isn't in the mood for cheese.....

>>2445759
Hence why we need /k/. It's coming to a head, brother. Where are my based agorist gun dealers at?

>>2445471
>>2445525

you faggots.
You are slaves not because of gov. regulation.

- You are slaves because you can't fight for your rights - you don't understand them.
Your unions got crushed, for example, and have never rebuilt.

- Your school system doesn't work, and only the rich kids get mildly smart. Is it true that some schools teach "creationism"?? kek

- You are competing against "illegals".. it's another scam to keep wages lower then low. Because you can register someone "like that" BAM! It's what governments do. Don't have to give em citizenship, just tracking would be enough.

- You're locked up for life, at the mildest convictions. Or locked up for years. Either way, they are making a ton of money from taxpayers, keeping people like kettle (This is the most disturbing part maybe).

- Half of aaaaalll your money, even more then half, is going into the military. They are just chopping it up. They even can't account for trillions of that money xD xD

- You are not insured. Even in russia, if something happens, you go to the hospital, get it fixed. Get out. BAM. No check to pay... Mother... friggin... russia... (and every other country in the world)

There is so much more to this... please anons, what DO YOU THINK?
I sincerely believe now, the education is held down in the US on purpose. What other explanation can there be?

>>2445919
>>2445912
Yeah, I was being sarcastic. We have the biggest surveillance state out of any developed nation, and they are using any and all excuses to make things worse.

>>2445444
>issuing crypto is the REAL cause of crime
reddit leave

>>2445848
In Denmark we dont have to pay capital gains taxes on crypto. Pretty based. I hope it lasts, but probably not if the market gets big enough.

>>2445286
They can't win.
>Regulate bitcoin
>New coin pops up
>Regulate that coin
>...

It's like torrenting all over again.

Also, don't forget CONTROL IS NOT BAD.
GOVERNMENT IS NOT (intrinsicly) BAD.
TAXES ARE NOT BAD.

I pay 38% taxes and more on my income.
Live great. Really great.

>>2446002
>keeping people like kettle
kek. My neighbor was a cauldron.

>>2445238
Sen Whitehouse is my bro. I'll email his boy Chris Mewitt and we'll see what we can see.

>>2445848
This is all true, but at least I have my crypto memebux. If those get taken away from I am going to give up completely and lose my fucking mind. A man can only be pushed so far.
>>2445836
Hopefully not. If Trump even dreams of signing this shit I'm going quit my job, grow out nappy dreads, and join ANTIFA, (and I hate those fucks)
>>2445772
Absolutely.

>>2445884
>"Come to the country that wants to ban porn! We love the world wide webs!"

>>2446049
Agreed. I'll gladly pay taxes for good roads, services (such as fire departments and infrastructure investments). The part that I dislike is when they use our taxes for nefarious things like spying on our own citizens and giving free bailouts to banks.

>>2446135
Why do people here miss such blatant sarcasm?

>MR FEINSTEIN
>MR WHITEHOUSE

>>2445952
>>2445759

you're bringing down nothing.
All you had to do was sit at the new york exchange and occupy it.
Then, some police threw a bit of pepperspray, and you got scared.
You pussies maybe even weren't at occupy...

Open you eyes to your gun obsession. This has nothing to do with protection or defense.

IT IS A COCK REPLACEMENT, for small cocks.

Come on, everybody knows that, around the world. Only in the US it its a kind of lifestyle, having small cocks.

I'll be damned. Cash ban rumors were true the madmen are actually trying to do it.

>Ban cash
>Crash happens
>No way to run on banks
>Everyone becomes serfs
>They raise taxes anyway cause serfs should never make money

I hate this country, it is nothing but a giant milking scheme (income tax, capital gains tax, must pay tax when you aren't in the us, no other Western country does this) can't even renounce citizenship without paying a fucking tax. This is exactly why crypto exsist in the first place so we don't have to deal with this bullshit.

>>2446179
Besides, it'd just be more ammo (heh) against us. Swinging guns at politicians would only get us negative press.

>>2446157
It's impossible to win in my opinion. Overact or expand government power to enforce your policy and people get their policy enforced alright, but they don't like how much power you have, on the flip side the government act restrained and everyone calls for 'change' i.e more government power.
I don't like how the federal government grows every year. It's never even just not-grown in budget, meanwhile the states languish. They actually have to obey the rules of money and then they feed off the federal magic money bribes.

>>2446049
>I enjoy giving nearly half of the money I make to lazy niggers who don't want to work
What does your wife's son think about this btw?

>>2446179

>Resist the government
>But give up your guns!

I'll pass on that, my friend

>>2446216

I don't know who said it but it's true (also true of almost every other western nation).

>America isn't a country. It's a shopping mall.

At least, that's what our politicians have deliberately turned us into.

>>2445238

I fucking hate my country so much sometimes. This is one of those times. If you're a non-American and think this won't effect you in more ways than just the price going down, you are wrong.

What they're doing is such an unbelievably big blow to freedom it might as well be the digital version of gun confiscation.

>>2446361

I've heard it said on TRS and a few other places, I don't know who came up with it.

>>2446275
The only way forward is to minimize corruption. Look at the index for the happiest countries in the world - they all have low political corruption. This requires an informed populace, which in turn requires good media sources. Look at the sorry state of journalism in the US media and UK tabloids. It indoctrinates people and manufactures consent to fuck over ordinary people.

>>2445523
Underrated post

>>2446275
>don't like how the federal government grows every year

this is not an issue about expansion or how much power government has.
It is about basic needs and that the US gov. failes to provide them.

Public transport, schools, roads, bridges, medical aid, security, freedom...
A government must provide these, and protect these.

All you do is whine about government power.
It has power alright,
it's just not working for you pal!

Why are yall locked up in this stupid ideological discussion about government power? What the fuck? When your neighbors live in poverty, your children are stupid as hell and nothing is working? You are still debating about ideological, abstract issues... mehmeh, "more" or "less" power....

At least my GF wakes up in the morning and gets her "daily trump" with her coffee xD ... thats what she calls the shitshow, which is a good funny morning starter at our place

>>2446297
>>2446315

i see, you want to stay poor faggots ;D
I guess if you've been raised a small cock, you will always want a gun.

(But srsly: Guns are soooo easy to get, if there should really be a problem. I can make one myself too)

>>2446179
mama

>>2446413

People like you, as virtuous as you think yourselves, are the reason things are the way they are. Smugly looking down on all the stupid peasants, who are nowhere near as enlightened as you are (I can almost guarantee this is a word that comes to mind when you consider your political and moral positions).

You're Dunning-Kruger incarnate.

>Haha stupid Drumpf! Impeachment when?!

Never. And I don't even like the guy.

Also, your gf is cheating on you.

>>2445238

If you haven't yet, write your congressman and your senators, it sounds faggy, but it is really important to get our message across.

Tell them that we don't want this bill and will not vote for you if you pass it.

Wtf I hate crypto now

>>2446553

oooooh, come oooon faggot, try again.
Think I feel better than you? I feel bad for you. And the other unfortunate.

And I feel angry that the propaganda is working. When I travel to russia, it's working there. Europe, it's working. US? Even worse...

You really think I feel better because I pay more tax?
Or because I use the public transport only, coz it's so f* cheap and cozy?
Or do I feel better because of my social security?
We got our own problems here too you know?

Good things happen in the US, no question. Good people.
Just don't be ideological, think for a moment.

My GF and I are tight, we both kinda want to try out more things with others, but we're not sure how this will turn out... better just enjoy the moment.

>>2445394
Where will you go? I've been entertaining the idea of moving to some comfy Central American country like Costa Rica recently.

>>2446002
>I sincerely believe now, the education is held down in the US on purpose.

I think you are right. A lot of people here can't think properly and aren't well educated. Kids are treated like property more or less and the school system is a monumental joke.

There is a toxic generational aspect, the older cohort is utterly incapable of learning anything new, and is the richest cohort in human history and the level of decadence is pretty high. People under 40 are basically trapped, sold out, but not smart enough to realize they've been screwed. The kids are really, really screwed. Childhood is a time now where they are monitored, coerced, controlled and corrupted by church and cultural forces leveraged by technology, not to mention food.

Lastly religion and all manner of fantasy is the rule among so-called "mature adults". Politics is hopeless but lumbering along by inertia. The service economy has disintegrated any natural relatinoships between society and persons. The most cohesive social units are the religious cults which operate in isolation. Television and religion occupy President and VP in DC, for instance. (Trump/Pence).

This is a country which spreads toxic waste on farmland and up until 1980 put lead in gasoline. Every metric from happiness to intelligence has gone down since. Infrastructure is crumbling and there is a real sense that your well-being is dependent on beggaring your neighbor and a sense of desperation runs underneath daily life which is for most an absurd, miserable form of slavery (which people more or less masochistically accept as a reasonable price for existence- ie, they BUY this high priced, low quality of life and participate in a sort of belief cult whose doctrines exist in the messages of mass media entertainments and marketing/advertising.) Short term thinking rules at every stage. Quick self-gratification, usually in the form of food or alcohol dominates. Everyone is ugly and no one has sex.

>>2446553
>People like you, as virtuous as you think yourselves, are the reason things are the way they are. Smugly looking down on all the stupid peasants, who are nowhere near as enlightened as you are (I can almost guarantee this is a word that comes to mind when you consider your political and moral positions).

Maybe dunning-kreuger is you.


Maybe his being virtuous or looking down on us has nothing to do with the facts. Maybe peasants are stupid. Maybe they aren't enlightened. Maybe they are ignorant.

A lot of polling confirms Americans are pretty ignorant about a lot of what would be common knowledge among children educated in countries where performance is way above Americas. (Which fell to 33rd place last I read)

And at the moment I'll give Trump a 49% chance of impeachment. Would give 51% but Republicans are craven cowards.

>>2446657
>>2445444
>>2446002
>>2446179

JUST FUCK OFF ALREADY FBI/GOV SHILL.

Holy cow, how much are they paying you to write this non-sense?

1) Shaming tactics (you won't get a girlfriend, have a happy life, whatever if you don't think and act like me. Anyone that wants a gun has tiny penis).

2) Moving the goalposts (oh you think crypto regulation is bad, I guess you want NO GOVERNMENT)

3) Bait and switch (oh you want crypto to be legal and the government to not kill another industry in its infancy, I guess fuck the government amirite?)

Who's paying you to be such a moron? Because no one is this stupid on their own except normies. FBI? JIDF? CIA? MOSSAD? IRS? Wall Street tycoons?

>>2446717

>>2445286

People need to understand that the government is not going to ban crypto tomorrow. Such a bill would not pass and I'm 95% sure of that. So they're implementing a different strategy called, "Death by a thousand cuts".

We can see this all the time when bureaucrats don't get the sweeping legislation they want, they implement this method. They've done it with guns before, loans, wars, everything. It's the slow boil, the frog in the pot that doesn't jump out.

They can't ban it outright, so why not do the next best thing and ruin it?

>>2446179
I'd point my double barrel down your throat if you step on my property, ya'hear?!

>>2446025

They only need to go after the exchange dealers and that would be more than enough to drag crypto to its knees.

That's why you must not give these cocksucking, boot-lickers an inch or they'll take a mile.

>>2445444

It has been proven over and over again that this type of action only strengthens what they're trying to stop.

>>2446926

Also make sure you email the president if this passes through the House and Senate, every bit helps.

>>2445309
>STEIN
EVERY. GOD. DAMN .TIMEEEEEEEED

>>2445309
>Feinstein
And this is why its not going to pass, Congress isn't passing anything from this hag as long its republican controlled.

>>2446948
Lol, you think Trump gives a fuck about anything besides making him and other billionaires rich? He probably doesn't even know what bitcoin is.

>>2446657
>My GF and I are tight, we both kinda want to try out more things with others, but we're not sure how this will turn out... better just enjoy the moment.

You are kidding right

>>2446920

The kikes fear crypto.

>>2447022
I really want to throat punch every stupid fuck that goes on about, "bitcoin was totally made by kikes to control the money" as if they didn't under the current system and would invent crypto to lessen their own control.

>>2445309
/thread

>>2445238
can i call my senator or someone to fight this im retarded and dont know shit about this

>>2445238
it wont pass. and if it does how will they search all of the peoples things

>>2445309
lmao figures

>>2446926
Decentralized exchanges will solve this

>>2447077
what decentralized exchanges? WAVES already proved that that's just a meme.

>>2446985
sadly, no... I was weak and kissed (and danced) with another girl. I felt like my gf was blocking me. A year later she made up with a dude... well, now we're in a stalemate. :) But it seems very cool for now. Really... it must sound strange. it's luv i guess

>>2446985
i just give you the advice: THAT is not a cool way to have a relationship. You don't want that stress and drama after puberty is over... heeeelll

>>2447051

Yes, you can find most of their information online, you can e-mail them.

>>2447105
>I cheated on her and she cheated on me
>Eh...it's luv I guess

top kek

>>2445238
trying to ban cryptos would make the prices surge with people buying before the laws take effect. they'd make us millionares.

>>2445238
>government trying to control invisible internet money
How insecure are they?

>>2447189
Or prices drop drastically as people try to get rid of their assets for a profit instead of having them seized by the government

>>2446013
that chart does not contradict his statement. It actually makes a lot of sense, black people have less money - because they have them all in bitcoins!

And this is exactly why swarm city will become a top 5 crypto. Thanks for the opportunity uncle sam

>>2446013
>>2447248

I hate this :(
This chart and the person.
It shows, that there is still a massive inequality.
Doing crime has nothing to do with race or skin color. It is the same everywhere. Poor people do crime.
Crime comes from desperation.
It is a social problem. OUR problem.

Also, if you're white, you can do crime, and just pay a fine. You can even rape women and be a star on national television.
The president of the USA confirms that too btw....

>>2445794
Co-sponsored by a Republican!

>>2447364
nigger alert
nigger alert

>>2447398
i'm so white, siberian ancestry mofo

ALL THOSE SOLDIERS. THEY ALL DIED IN VAIN. THEY WERE SCAMMED LIKE KEKS. THEY ARE KEKS.

normies have no fucking clue. no fucking clue whats going on.

>>2447105
>>2447364
Stop baiting with this shit, noone is this dumb.

Did you honestly think that the US government would just turn a blind eye to crypto?

Of course theyre going to hate it. Its to be expected.

Literally the whole point of Bitcoin and crypto is that, short of shutting off the internet completely, governments are absolutely fucking powerless to stop it. People use crypto to buy drugs and CP on the internet for fucks sake. Theres no way to enforce anything on crypto.

Declare BTC at customs? How the fuck would they ever find out about your BTC holdings if theyre stored anonymously on the internet? They literally cant do anything.

Bitcoin was created with this type of draconian legislation in mind.

>>2447450
>i'm so white
>siberian ancestry
1/3 of all threads on /pol/ involve determine which whites are "white". None of them conclude Siberians are white.. there is only one white person in this world and that is Shaun King - according to /pol/.

>>2447516
Amusingly the bill demands you to declare crypto at customs, its like they're actually retarded.

>>2447189
This.

Making crypto illegal is like making drugs illegal...

It changes absolutely nothing except making the those who hold and sell that asset richer.

You think Mexican drug cartels want the US to legalize drugs? Fuck no, absolutely not. That would cut into their profits immensely.

Hang tight boys, were about to witness the emergence of crypto cartels.

>>2445309
That shitcunt has been fucking with the liberties of Americans for longer than I've been alive. When is this bitch gonna croak?

>>2447450
nigger confirmed

>>2447516
wrong, you forget what government is in charge right now, the greediest of all - the republicans

and guess what, they fucking love crypto

>>2447531
>encrypt 1000btc wallet on flashdrive
yep just family photos, thanks. oh my god dont put that through the x-ray machine.

>is there a problem?
Yes, this pig is trying to put my family photos through the xray. They're my only copy XD

>step aside sir, we'd like to have a word
>we found an encrypted file on the flash drive; what is it?
it's my family photos
>give us the password
Never XD :D admin aboose

>>2447784
>>2447784
>>2447784
>>2447784

>>2445444
wow really make you think, it's almost as if the government wants to help and this isn't about power and control

>>2447525
>there is only one white person in this world and that is Shaun King - according to /pol/

kek

feinstein supported the police killing randy weaver's family at ruby ridge

they sniped randy's wife while she was holding a baby
and they shot his son in the back
the government paid out hundreds of thousands maybe millions to the family for wrongful deaths but feinstein believes it was justified

How wil this affect BTC price?

Senator,

I respect you and the service you provide to the people of this state. I understand that the nature of your job requires that you make difficult decisions, and that not every individual can be satisfied by those decisions. Every ounce of respect I have for you and your profession will vanish if you vote to pass S.1241 - Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017. The very idea that carrying a store of value on your person is a crime is a smack in the face to any individual who considers himself a free person. This bill gives to the government a level of control that is inappropriate, overreaching, abusive, and destructive to the founding notions of this great country. It is an insult that such feudalistic legislature as this could pass in a country that values, even for a second, opportunity. I trust that you will defend the rights of the citizenry.

Regards,

A Bitter Turbovirgin

>>2448045
looks good. we should get a few copypastas to send to senators and congressmen

>>2446122
Reminder that they generally rank a phone call as worth 5 emails, and a handwritten letter as worth 20 emails.
>>2446413
>>2446157
Roads would be more efficiently managed if they were privatized.

>>2447504
why are you so angry?
YES, the part with "whites get away with anything" was over the top.
I was making a joke, but I think it has some truth to it:
A study shows that in the US minorities get far harsher sentences by judges. For the same crimes.

Now THIS is some real bullshit.
NAAAAASTY shit.

Crime and crime prevention are - i really believe that - a problem of society. Different countries have different crime rates. Its our actions and our attitude towards that problem, which makes the solutions.
And clearly, if you post some graph, which shows, that minorities commit more crime, then there is A FUCKIN PROBLEM with inequality... you don't seriously think blacks or hispanics are more vigilant by nature, do you?

>>2446977
>>2445348
I don't know, it looks like a bipartisan bill since Grassley and Cornyn are in on it. They also have their own arguments that sound good to idiot politicians.

I'd send your senators some letters and make some calls if it starts to get concerning.

>mfw this will lead to only US still using fiat and rest of the world goes crypto
That dollah gonna crash even faster

Serious question: how could they ever hope to enforce any ban on crypto? So I just won't cash out my BTC on coinbase. BTC will always have value and if cashing out to usd becomes too much of a hassle then fuck it - I'll cash out to some other currency or use it to buy goods directly. Fuck the taxman.

>>2446678
>Costa Rica

this or Mexico.

My doctor retired to somewhere in Mexico and I think I'd enjoy somewhere in the medditeranean

>>2449249
>A study shows that in the US minorities get far harsher sentences by judges. For the same crimes.
It's called recidivism. JayQuan and Tyrone have a rap sheet 10 miles long by the time they're 21, so the judge eventually throws the book at them to keep those underprivileged youths where they belong: in prison.

But they don't tell you that in Sociology 101.
>m-muh racism

>>2447580
>having your btc in an encrypted wallet
Literally just memorize the private key/24 word passphrase and now you've got your entire fortune inside your brain.


Imagine a future where we have literally become our own banks. Where to make a transaction we simply send money from our self-address to somebody else's and we can change our passcodes at any time.

>>2450229
confirming the point, that something is terribly wrong, if specific groups of people just get more often in trouble.

reminds mi of the gypsies in europe.

or the chechens and (non-rus'ian-russians) in russia (yes, they consider themselves a own race, even if they look the same a 100%)

>>2445288
trump sucks jewish cock; just look at his family history.

>>2446717
Bravo

>>2450479
>confirming the point, that something is terribly wrong, if specific groups of people just get more often in trouble.
Yeah, they have an average IQ of 85 and are more prone to violence due to genetics.

>>2445348
>see why the dems are so bad?
Both parties are the same. Watch CSPAN.

>>2445309
Ya she cant pass anything. She's literally fucking insane even by CA standards.

>>2445952
>tfw one of my local gunstores accepts payment in bitcoin and even has a bitcoin ATM on the premises

>>2445238
They'll eventually get to the point where they're regulating exchanges just like they regulate stock brokers. They want you to pay capital gains tax on your crypto trades just like you pay it on stocks and the only way to actually accomplish that is to make the exchanges liable for giving them all of your trade data just like US-based stock brokers do. Crypto is much more out of their reach since there isn't anything like a New York stock exchange physically located in a US jurisdiction, but what they can do is regulate every entity who handles USD. So the world will split into two parts: exchanges who are set up to handle USD who report everything to the IRS and exchanges who just never handle USD and don't report anything to the IRS. The upshot of this is that if you're US based, it'll suck to be a tax evader because it'll be harder to get around it and get USDs, but if you're the sort of person who's been intending to pay your taxes all along it'll be a lot more convenient because the exchange will do almost all of the reporting work for you so you don't have to file a phonebook sized transaction log to the IRS every year and have them get pissed off at you because it's formatted wrong.

>>2445952
You really think /k/ could be the next stage in 4chan mainstream evolution?

I mean it went from /pol/ to /biz/...it's not impossible I guess but things would have to be really, REALLY bad for that to happen...

>>2450934
I send all my money to a friend overseas, he sells it for a higher price than I would have paid in the US, he takes a cut of the arbitrage above only (so I still make more than I would have simply by selling it in the US), and then he sends it to me as a gift so I don't have to pay taxes on it. I don't see this ending any time soon.

>>2450934
This. They just want their cut IMO. My fear is that they want you to track every single transaction that led to the coins you are cashing out (so if you cash out on coinbase, you gotta tell them about all the trades you made on polo). I don't want to reveal my NGR trading business to the feds.

>>2450998
I have made tens of thousands of trades on over 8 exchanges this year alone. No way to track half of that, and loads of those exchanges are based in other countries and aren't in English.

>>2450993
>I don't see this ending any time soon.
I don't either, but a lot of normies won't bother with stuff like what you said, and those are the, like, 99% of investors congress is after here.

>>2446002
This

Do bitcoin ATMs currently report to the IRS?

>>2451022
That's fine. But I figure if you make $$$ and want to cash out into USD you might as well pay your damn taxes. Not worth the risk of trying to avoid it. If that extra 25% or whatever matters so much to you, go to another country.

>>2451068
Again I do >>2450993
and legally I don't have to pay taxes on gifts.

They'd have to prove that I sent him the money via crypto currencies with the intent of not paying taxes, which is absurd.

I use a brain wallet so my crypto doesn't exist anywhere and there is no file or physical storage anywhere. It's just in my head.

They have NOTHING to show that.

Short of literally torturing me for the password there is nothing they or anyone can do about it.

FUCCCCCKK WILL THIS CRASH THE MARKET?
ETH ISN'T EVEN AT 1K YET

>>2451068
25% is a quarter of my money, of course it fucking matters. And given how easy it is to avoid paying with the above, completely undectable method, of course I'm not going to do that. There is no risk to that.

>>2451095
>>2451106
Well, good for you if you trust your friend and your brain wallet. Seems to check out. Might look into it actually. Isn't there a cap on gifts though?

>>2446002
this.
Also in the 90s Russia was top for incarceration for capita. Take a guess who is at the top now?
Big money in keeping men locked up.

>>2445288
Trump is doing this to kill CP and fuck iSIS in the ass. He's pushing it most likely.

It looks evil enough that the paid congressmen will pass it, and anybody who's in on it with Trump is going to pass it.

Unless the Clinton machine starts threatening every congressman they're not going to stop.

>>2445390
>backlash is due to the election hack
I just can't wait for Burgerland to be fucking nuked out of the map. The fact that your homeland politics shenanigans somehow affect something that doesn't even belong to you should be more than enough reason to wipe you all out like fucking cuckroaches

They want you all hooked on credit cards so they can completly track & control your finances.

The writing was on the wall way earlier already. Chilling against cash has been going on for decades and credit score being mandatory in US was another step. East it's the same shit even worse. They pay in some countries completly with their mobile phones. Couldn't make it less secure if you tried.

>>2445309
Its always the jews, ALWAYS

>>2451120
It's actually my wife's family that helps me out by doing this. So it's our money.

For gift taxes, the giver has to pay it. But if the giver lives overseas in a country with no gift tax, there's no tax on that person and so it doesn't really apply to you. There is no limit to gifts you can receive, I believe, but you have to report gifts over 100k. If you just use cash though then it's even more undetectable.

People who say there are limits neglect gifts such as cars that are well over those kinds of limits and are given every year.

>>2450270
>have a car wreck and sustain a traumatic brain injury
>fortune gone forever

>>2445316

Does this mean you'd have to declare it only if you are actually carrying a device with the wallet on it? If you had a cloud-based wallet that you aren't carrying I guess it wouldn't count for reporting?

I agree with this. Bitcoin is used for crimes. Actual money is printed by a government aand regulated not made out of air and hope.
In this age of terrorism we just can't allow terrorists a money laundering window or a way to pay contract killers.
Sorry not sorry.

>>2449631
itll be Confiscated
possibly along with all of your other assets too

>>2451195
plus 10 years in jail if they want

These motherfuckers make their crooked money and then want to rob us.

Assholes they need to take away from the little guy.


GODDAMN JEWS

>>2451167
Kek I'm not stupid enough to actually think I could just memorize it all and never make a backup. I have it written down, it's in paper wallets, etc., but as far as the Fed needs to know, a little piece of paper with some numbers on it is none of their business and easy enough to hide that it's completely unfindable. It's just 1 small piece of paper. Easy to hide so well that nobody in the world could ever prove it exists.

>>2451221
fair enough

>>2451194
> implying actual money isn't used for crimes
>implying banks don't get regularly caught washing money for big crime

maybe we should get rid of banks too then?

>>2451221
> until you lose it between the cracks in the floorboard

>>2451289
> until you lose it between the cracks in the floorboard
that's not the point. We're talking about tax evasion and you've missed the point. you people are idiots

>>2446979
sup bernie

>>2447077
This

>>2446991
>droning your own civilians
Yeah, that won't spark an uprising, or fracture the military or anything.
Fucking retards.

>>2446179

>>2449249
https://www.amren.com/features/2014/05/confessions-of-a-public-defender/

Redpill yourself cuck

Thanks anon, I just emailed my congressman telling him to fight the bill.

>>2445390
>implying anyone gives a shit about your retarded election
kek, fatfuckistanians