Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

US Senate Bill S.1241 to Criminalize Concealed Ownership of Bitcoin

btcmanager.com

Post reply on HN
Print view View original

171–180 of 187 posts

Re: US Senate Bill S.1241 to Criminalize Concealed Ownership of Bitcoin

#171

Post by erik_seaberg »

Retric wrote: post #160
stale2002 wrote: post #80

Earlier quoted context omitted.

Cryptocurrencies can be mixed. If you engage in very basic precautions, such as doing something easy like transferring your money to monero, and then back again, it is effectively impossible to track where your money came from. Once you get to the coffee shop stage, nobody knows where that money came from.

Bitcoins's high transaction costs and low transaction rate prevent that from working.

Because you trust yourself, you don't have to outbid everyone to get your transactions on the blockchain immediately.

Re: US Senate Bill S.1241 to Criminalize Concealed Ownership of Bitcoin

#172

Post by thatcat »

rothbardrand wrote: post #163
thatcat wrote: post #129

Earlier quoted context omitted.

They do actually remove threads sometimes, I've seen an off topic flame war disappear pretty quickly.

They delete content all the time... and they ban people all the time, without regard for whether they have done anything wrong. 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…

I don't really, but lots of comments in same thread. Its probably really hard to moderate at hn scale, they brought on a new guy not too long ago who afaik still mods under dangs alias. Have you sent them an email to ask for an unban?

Re: US Senate Bill S.1241 to Criminalize Concealed Ownership of Bitcoin

#173

Post by mirimir »

tehlike wrote: post #150
mirimir wrote: post #144

Earlier quoted context omitted.

Yes, of course it's mostly speculation. But it's funny for someone on HN to be characterizing what I mentioned as "niche market". I mean, what more than capital, servers and consultants does one need for a startup?

Why do you need bitcoin for that? I don't see the relation.

You might want it for privacy.

Re: US Senate Bill S.1241 to Criminalize Concealed Ownership of Bitcoin

#174

Post by bfuller »

jimktrains2 wrote: post #119
heimatau wrote: post #108

Earlier quoted context omitted.

Doesn't apply to crypto. Only have to report if the crypto is sold.

Please stop using crypto to mean cryptographic currency. Crypto has a well defined meaning.

Asking someone not to use a word a certain way when it is already in popular use seems like a waste of time.

Re: US Senate Bill S.1241 to Criminalize Concealed Ownership of Bitcoin

#175

Post by bfuller »

akvadrako wrote: post #159
heimatau wrote: post #148

Earlier quoted context omitted.

Fair but context implies I mean CC, as another mentioned. Meaning, devoid of context, is difficult to create. So, please, keep this in mind when you're nit-picking on what you mean.

No, you stop using crypto. This is a terrible language abuse; I don't know how you can defend it.

Regardless of what your opinion is, using the word crypto to mean crypto currency is already in common use, you can't argue against that.

The collective unconscious decides the meanings of words. Language evolves. I guess the world looks pretty different all the way up on your high horse. This is a battle you have already lost but for some reason insist on continuing to lose.

Re: US Senate Bill S.1241 to Criminalize Concealed Ownership of Bitcoin

#177

Post by jimktrains2 »

bfuller wrote: post #175
akvadrako wrote: post #159

Earlier quoted context omitted.

No, you stop using crypto. This is a terrible language abuse; I don't know how you can defend it.

Regardless of what your opinion is, using the word crypto to mean crypto currency is already in common use, you can't argue against that. The collective unconscious decides the meanings of words. Language evolves. I guess the world looks pretty different all the way up on your high horse. This is a battle you have already lost but for some reason insist on continuing to lose.

I really wouldn't call it common usage. Among people who use crypto currency, sure, but not among others.

Re: US Senate Bill S.1241 to Criminalize Concealed Ownership of Bitcoin

#178

Post by Retric »

erik_seaberg wrote: post #171
Retric wrote: post #160

Earlier quoted context omitted.

Bitcoins's high transaction costs and low transaction rate prevent that from working.

Because you trust yourself, you don't have to outbid everyone to get your transactions on the blockchain immediately.

You still need to get on at some point. Plenty of people are willing to wait a few hours to get confirmed so the price never hits zero. Further, even if it did work you would make your mixing transactions stand out more while also vastly lowering the number of them.

Re: US Senate Bill S.1241 to Criminalize Concealed Ownership of Bitcoin

#179

Post by ben_w »

tehlike wrote: post #140
ben_w wrote: post #70

Earlier quoted context omitted.

I doubt you could retire. Creating a justification for why your meatspace identity now has money from an anonymous source without tying those identities together is money laundering.

I am curious its implications on capital gains. If you retire in a place with 0 capital gains, then would your home country tax you? I do not know the answer.

Depends on both countries. If I understand correctly, if you’re from the USA you owe taxes on worldwide income regardless of where you earned it. I have no idea if that applies to capital gains or not, nor how other nations treat worldwide income — not even my own nation.

Re: US Senate Bill S.1241 to Criminalize Concealed Ownership of Bitcoin

#180

Post by mercer »

rothbardrand wrote: post #163
thatcat wrote: post #129

Earlier quoted context omitted.

They do actually remove threads sometimes, I've seen an off topic flame war disappear pretty quickly.

They delete content all the time... and they ban people all the time, without regard for whether they have done anything wrong. 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…

Why are you still here? Your profile says you left, and your comment history indicates that you're convinced everyone here is wrong (but you, of course), and/or actively silencing you. I really don't understand that kind of behavior!
Post reply on HN