Posted on 12/29/2017 6:41:29 AM PST by Kaslin
The Legal Mafia, aka Gov’t, “don’t like no competition”.
I agree with Doug Casey, who predicts the Fed will outlaw all cryptos and issue their own crypto, probably to be called “FedCoin” or some such name.
i sold 5 bitcoins to build the deck on the back of my house. I would have rather had the $100k ... lol ... nice deck though
It’s not too worthless. My father-in-law bought a part of one for $500 and sold that part for $6000. He was able to do some pretty nice stuff with the worthless stuff. Of course, he sold when BC was at 10K....he’s kicking himself he didn’t wait a little longer.
This might cause a problem for the Tether cryptos. Basically they are cryptos benchmarked to the dollar or other fiat currencies so people do not have to bring in fiat funds to the site and instead get out of the crypto positions by buying Tethers.
I am thinking the IRS is less interested in the taxable event and more into making a decentralized self sufficient non fiat denominated crypto world illegal.
Yep, they are going after Tether coins benchmarked to fiat for stability and regulated Token emissions. The central swamp bureaucracy cannot stand that a decentralized bureaucracy that is more friendly and efficient than the Federal Reserve blessing and cursing powers (through free loans for some and inflation for others) happens to compete.
Bsically we are facing the Matrix and Neo is part of the crypto world, providing an alternative to the central bureaucracy..
Note the key words CENTRAL Intel AGENCY, Federal BUREAUcracie of Investigation.
Some words are important to them: Central and Bureau mainly. The others, not so much in their agenda. Intel, nah, Investigation , nope, too hard.
It is not worthless at all when you consider it avoids one the bureaucrat’s extortion at the DMV or bank. It makes it easier to remove your funds in case of a Cyprus event wothout having to bribe some a$$ hole in government to let go of your funds.
The central bureaucratic matrix monopoly on extortion is what they want to keep while scaring people with tax events on the one hand and unleashing professional scammers on the other, some probably supported or at least ignored by dark projects, so the sheeple will ask they regulate it. Too many times they purposefully let a terrorist do his deed and then as bureaucrats dragged their feet to investigate.
I'm thinkin' that when the Don don't get his vig, then there might be some problems with...
..."Nice little business you've got here. It'd be a shame if something happened to it."
And you can obtain some pretty nice stuff in Vegas too craps anyone?.
And how is that different than the stock market or gold? It’s not. Craps is true gambling that has a little skill involved (my dad played that and was really good and would usually break even in Vegas). Crypto investing has a lot more skill involved. You speak as someone who is fairly ignorant of what is actually being done in the crypto markets. People are making a LOT of money right now. It’s just like investing in the VIX. If you know what you are doing, you know when to get out and you’re a little lucky, you’ll make a lot of money. So, in that sense, it’s nothing like craps. But nice try though.
"I don't want a lot, just enough to wet my beak."
"Government do take a bite, don't she?"
Crypto markets are taking a beating they are worthless they are not backed up by anything only other collectors it’s a fools game what bank will trade you cash for one?.
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