Message from @Atkins
Discord ID: 523518148830560270
My point isn't whether any of this is true or not. My point is that crypto will be regulated.
Time's person of the year "The Press" fuck the press
@DrYuriMom already regulated.
crypto already is super regulated
yeah
under regular aml and kyc laws
styx is on the crypto life.
which is why you have to take a selfie and handprint and leave urinal samples at bitcoin atms
@NativeInterface localbitcoins
I have bitcoin and I haven't been able to exchange it for real money.
you can trade hand to hand like crack. how can they stop that?
localbitcoins it's easy
just localbitcoins.com
and have fun
i don't think tim is going to be able to make a living that way
theres also an app called "Bisq" where you can trade btc-dollars, dollars-btc peer to peer with people without an exchange
@Ash binance has USDT.....
And no one has even mentioned the elephant in the room.
I've had exchanges seize the tiny amounts I've tried to take out, ask me to give them ridiculous amount of identification including, passport, real life picture, holding passport, sending signatures, home address verification with bank statements, it's ridiculous.
@NativeInterface bisq sucks. bitshares better than bisq
TAXATION
@DrYuriMom so what? you make profit you pay tax? welcome to life
capital gains tax is evil
Governments will absolutely not countenance a mechanism to perform transactions that does not show as income or for sales tax
@Ash bitshares is a dex no one can ban you
Every time you perform a transation, your state (if it has a sales tax) or nation (if it has a GST) gets its cut
and dont keep money in exchanges they are scammers
thats where i think the online piracy comparison comes into play, because if tax evasion gets easier and more risk free, there will be more people doing it
so i'm pretty hyped
I've never been banned, only had people hold my bitcoin eternally.
Crypto will be regulated to ensure those transactions can be taxed
And that income can be reported to governments as income
well if they cant stop piracy i dont think they can stop tax evasion if its easy
it's already regulated please educate yourself
It's already happening now that crypto has reached the level of notice. The amount of commerce that starts to cut into tax revenues.
Blockchain is too opaque
but if you're a company, of course you're super regulated