Message from @Graylan | gray00

Discord ID: 523518786968748032


2018-12-15 15:13:57 UTC  

theres also an app called "Bisq" where you can trade btc-dollars, dollars-btc peer to peer with people without an exchange

2018-12-15 15:13:58 UTC  

@Ash binance has USDT.....

2018-12-15 15:14:02 UTC  
2018-12-15 15:14:13 UTC  

there's a difference between proof-of-concept and actually making an income

2018-12-15 15:14:22 UTC  

And no one has even mentioned the elephant in the room.

2018-12-15 15:14:23 UTC  

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.

2018-12-15 15:14:25 UTC  

@NativeInterface bisq sucks. bitshares better than bisq

2018-12-15 15:14:26 UTC  

TAXATION

2018-12-15 15:14:39 UTC  

@DrYuriMom so what? you make profit you pay tax? welcome to life

2018-12-15 15:14:51 UTC  

capital gains tax is evil

2018-12-15 15:15:08 UTC  

Governments will absolutely not countenance a mechanism to perform transactions that does not show as income or for sales tax

2018-12-15 15:15:21 UTC  

@Ash bitshares is a dex no one can ban you

2018-12-15 15:15:39 UTC  

Every time you perform a transation, your state (if it has a sales tax) or nation (if it has a GST) gets its cut

2018-12-15 15:15:40 UTC  

and dont keep money in exchanges they are scammers

2018-12-15 15:15:40 UTC  

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

2018-12-15 15:15:51 UTC  

so i'm pretty hyped

2018-12-15 15:15:52 UTC  

I've never been banned, only had people hold my bitcoin eternally.

2018-12-15 15:15:59 UTC  

Crypto will be regulated to ensure those transactions can be taxed

2018-12-15 15:16:15 UTC  

And that income can be reported to governments as income

2018-12-15 15:16:45 UTC  

well if they cant stop piracy i dont think they can stop tax evasion if its easy

2018-12-15 15:16:45 UTC  

it's already regulated please educate yourself

2018-12-15 15:16:48 UTC  

It's already happening now that crypto has reached the level of notice. The amount of commerce that starts to cut into tax revenues.

2018-12-15 15:17:02 UTC  

Blockchain is too opaque

2018-12-15 15:17:03 UTC  

but if you're a company, of course you're super regulated

2018-12-15 15:17:16 UTC  

By definition it can hide commerce from the taxman

2018-12-15 15:17:30 UTC  

@DrYuriMom you speak about blockchain like you know about it... What is DPOS what is PoW? what is PoS? 😄

2018-12-15 15:17:32 UTC  

your accounting books has to make sense

2018-12-15 15:17:38 UTC  

I'm not an expert

2018-12-15 15:17:54 UTC  

You tell me how the state can know where tax revenue comes from?

2018-12-15 15:18:07 UTC  

ok i develop inside the blockchain ecosystem. i run a business that only accepts crypto. i can tell you it's regulated.

2018-12-15 15:18:12 UTC  

I'm just looking at the regulatory framework

2018-12-15 15:18:19 UTC  

Note the articles I posted above

2018-12-15 15:18:27 UTC  

btc is plummeting .... to some people.. that means cheap!

2018-12-15 15:18:33 UTC  

buy the dip

2018-12-15 15:18:35 UTC  

lol

2018-12-15 15:18:40 UTC  

btfd!

2018-12-15 15:18:54 UTC  

@DrYuriMom that's your problem you are listening to talking heads who dont know shit . they are not developers. they are not marketers.

2018-12-15 15:19:19 UTC  

Okay, then why are politicians pushing forth more and more regs because of the increase in money laundering and the inability to reliable determine revenue?

2018-12-15 15:19:34 UTC  

they are believing the fud

2018-12-15 15:19:39 UTC  

Whatever the technical aspects may be, the regulations will happen