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To: E. Pluribus Unum

Not for long, there is a story I read on Drudge the other day about how the IRS is demanding and has received the blessing of the Courts to subpoena ALL Bitcoin Transaction information from bitcoin clearing houses that have any connection to the US, all for the purpose of collecting taxes.

The Users will soon see when they get their TAX bill from uncle sugar.


5 posted on 12/12/2017 7:55:13 AM PST by eyeamok (Tolerance: The virtue of having a belief in Nothing!)
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To: eyeamok
All you have to do to bypass that is maintain your own wallet rather than trust it to a clearing house.

When you turn control of your Bitcoin over to a clearing house you erase all the advantages of Bitcoin anyway, as you have pointed out.

10 posted on 12/12/2017 7:59:02 AM PST by E. Pluribus Unum (<img src="http://i.imgur.com/WukZwJP.gif" width=800>)
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To: eyeamok
The Users will soon see when they get their TAX bill from uncle sugar.

There won't be any tax bill unless you buy from a US bitcoin exchange, and do so in amounts in excess of the IRS threshhold (currently $20,000). You can buy bitcoin from anyone who has it and wants to sell. There are also bitcoin ATM's in some cities now which take deposits and dispense cash.

12 posted on 12/12/2017 8:01:32 AM PST by SeeSharp
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To: eyeamok

“The Users will soon see when they get their TAX bill from uncle sugar.”

Based on what? You don’t get a tax bill for money in your bank account. And by the way... it seems like you know very little about the technology of bitcoin. Tell us all about these “clearing houses”.

Fascinated.


65 posted on 12/12/2017 10:14:15 AM PST by DesertRhino (Dog is man's best friend, and moslems hate dogs. Add that up. ... we.)
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