Death and Taxes

[Anonymous No.3150098]

Once the US figures out the damage cryptocurrencies will do to them they're gonna try and hold on to power any way possible. That will mean getting your data from crypto exchanges and then sending you a big bill for capital gains. Tell me I'm wrong

[Anonymous No.3150109]

Fuck it. This is the price of freedom.

[Anonymous No.3150776]

>>3150098

Total crypto currency market cap is 144,143,823,307

You're telling me the US is going to take down 144 billion dollars that's not only in the US, but in 196 countries?

Even if they take down anything US related. You have 195 countries left.

On top of that only 25% of Americans know of bitcoin. Lets say that 25% of Americans all trade BTC. That's 75,000,000 Americans that deal with BTC and thus crypto. That would be only 0.0010714285714285715% of the total world population effected by such a take down.

Let's also not forget that China is where the majority of the miners are. I highly doubt that crypto would be effected in other countries due to a take down by the government.

Am I saying it's not possible? No. It's just highly unlikely.

Given the fact the IRS has been not only taken to court by Coinbase, but by multiple lawyers tells you that if such a take down were happen, a lot of big whales wouldn't be that keen to it.

What will likely happen is what happened with PayPal, which is if you do dealings adding up to $20k and/or 200 transactions you'll be sent paperwork in the mail for tax purposes and if you can't prove yourself, your account will be terminated.

I personally miss the good days when Uncle Sam would smash down things and throw its dick around, but big money is involved and now Uncle Sam targets the little gois for smaller gains that add up.

Just keep in mind as well, when you're doing your BTC taxes - you're being put on a list...