161–170 of 187 posts
The text doesn't sound so much to me like it's criminalizing intentionally concealed ownership of cryptocurrency, as ownership of accounts at exchanges...say, by signing up for an exchange with a fake ID.
Your private bitcoin wallet (even in your home) is your bank.
One of the great things about bitcoin is it gives libertarianism a business model... and it's right out of SEK3's New Libertarian Manifesto--which was written in the 1970s-- SEK game theorized out what would happen with the Soviet Union, and proved to be correct 20 years later... now we are seeing the exact same game plan here in the USA with bitcoin and this law. But they are too late. Most likely outcome is this wi…
Nobody will leave the country, i think that's a very bold prediction. The ones that would leave would be hidden bitcoin millionaires/billionaires. I agree on the "they are too late" point, but think of it this way: US already knew about your financials. This law doesn't change that.
That's one of the reasons they will refuse (yes, you have to beg permission to be let out of your slavery, er, citizenship)..... so the old saw of "you owe taxes because you choose to be here" is false..
More and more americans are leaving without renouncing, just going off the grid in asia or wherever, showing up only to renew their passports.
Once some country is smart enough to offer citizenship to educated americans, the trend will become a tide.
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It's flagged and dead, so you may need showdead on to see it, but it's still there. AFAIK the mods never actually delete content from the site. I don't even know if they can.
They do actually remove threads sometimes, I've seen an off topic flame war disappear pretty quickly.
Of course, since they delete the content you can't see the record of their actions.
I've seen dang insult someone, calling them names, while telling them they need to be civil. Total hypocrisy.
And that's why you never get any decent discussion here..... it's an echo chamber.
See anything in my comments that deserve a ban?
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And freedom. Remember, freedom is scary. To the downvoters: Seriously it is. For example: Can you imagine what would happen if we allowed people to have bars? People are expected to DRIVE to a BAR and DRINK! Can you imagine what people would do then, if we legalized the existence of bars? People would drive home drunk! Banning bars is obviously the right thing to do!
You’re being downvoted for sarcasm.
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And freedom. Remember, freedom is scary. To the downvoters: Seriously it is. For example: Can you imagine what would happen if we allowed people to have bars? People are expected to DRIVE to a BAR and DRINK! Can you imagine what people would do then, if we legalized the existence of bars? People would drive home drunk! Banning bars is obviously the right thing to do!
I appreciate the spirit (I am no DF fan either!) but in the state of New Jersey if you serve alcohol at a party, you are responsible if you allow an inebriated guest to drive off and they mow down people. If this is about gun control, there is no reason to panic. Your guns are safe.
But my point was that just because you have responsibility for inebriated people doesn't mean that drunk driving can't happen-- we should ban bars.
OF course the thing is, most people who go to bars don't drive drunk. They have the freedom of choice.
That's what's scary to HN people... who have been brought up to worship government and believe tyranny is a good thing.
With the NSA permeating so much, how sure can we be a bitcoin was ever truly anonymous ?
Bitcoin was not and never will be anonymous if a user converts to fiat. There is always a way to trace a transaction through the blockchain, and from there to a fiat-Bitcoin exchange where you have an account tied to your bank.
Is there any evidence of Bitcoin being used by terrorist groups? Wouldn't that be a terrible idea for the terrorists?
But attempting financial sanctions as a way to deter use? That will be a waste of everyone’s time and money
One idea is if digital currencies get big enough then it will accelerate the insolvency of the state from its obligatory attempts to curb use. Far fetched now, less far fetched than a year ago
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I mean, at that point you may as well say "what if the government just decides to ban bitcoin". But they aren't doing THAT. Blacklisting certain addresses is arguably 'harder' for the government to do than a simple straight up ban. Blacklisting address is difficult, as the coins can quickly and easily be transferred to an unexpecting, innocent party. And now all of a sudden ALL coins are tainted. What, is the average…
I think the proper way to blacklist is by posting an advisory on some list. And then all payment processors / miners / etc. in a jurisdiction must respect that list. And everyone else would do well to check the lists because their payment might become not accepted down the line.
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Nobody will leave the country, i think that's a very bold prediction. The ones that would leave would be hidden bitcoin millionaires/billionaires. I agree on the "they are too late" point, but think of it this way: US already knew about your financials. This law doesn't change that.
People are already leaving the country, and at an increasing rate. The rate of renouncements of US citizenship has been rising for the past 20 years but sharply under Obama. They have started making it HARDER to renounce, as some sort of attempt to keep people in-- one of the pieces of advice you will see often regarding renunciation is to never tell them you are renouncing for tax reasons. That's one of the reasons…
around 5500 in 2016.
Earlier quoted context omitted.
Nobody will leave the country, i think that's a very bold prediction. The ones that would leave would be hidden bitcoin millionaires/billionaires. I agree on the "they are too late" point, but think of it this way: US already knew about your financials. This law doesn't change that.
People are already leaving the country, and at an increasing rate. The rate of renouncements of US citizenship has been rising for the past 20 years but sharply under Obama. They have started making it HARDER to renounce, as some sort of attempt to keep people in-- one of the pieces of advice you will see often regarding renunciation is to never tell them you are renouncing for tax reasons. That's one of the reasons…