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Early Bitcoin Investor Roger Ver Charged with Tax Fraud

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Re: Early Bitcoin Investor Roger Ver Charged with Tax Fraud

#6
More and more countries are implementing an "exit tax" when wealthy people try to give up their citizenship. Also, the US authorities make it increasingly hard to do so. I wouldn't recommend anyone to become a US citizen. Once you are in, it is very costly to get out again.

Re: Early Bitcoin Investor Roger Ver Charged with Tax Fraud

#7
post #6

More and more countries are implementing an "exit tax" when wealthy people try to give up their citizenship. Also, the US authorities make it increasingly hard to do so. I wouldn't recommend anyone to become a US citizen. Once you are in, it is very costly to get out again.

US is likely the only jurisdiction that can actually enforce it. Other countries can't just call US government to send them back if they suspect they owe some tax.

Re: Early Bitcoin Investor Roger Ver Charged with Tax Fraud

#9
post #3

Not very surprising. He had already been arrested, back in 2002, for selling illegal stuff on eBay. He was somewhat of an attacker of Bitcoin, promoting his "bcash" fork.

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Bitcoin has worked for me all right for 10+ years. What is exactly wrong with it? At times fees have been a bit higher, but overall I would see the protocol as "good enough". For smaller transactions I have been using Lightning Network and it seems to work all right. The fact that Bitcoin hasn't hard forked for whatever reasons is a positive feature, that outweighs the negatives.

You can consider for example Ethereum, which has hard forked numerous times and changed the monetary policy as well multiple times. It just feels quite centralized and controlled by Vitalik. Harder to trust that crap.

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