https://www.wsj.com/articles/how-dirty-money-disappears-into-the-black-hole-of-cryptocurrency-1538149743

to lauder money it has to become legit in some way

wall street journey also said pewdiepie nazi

wow millions of dollars

has to be true!

wsj said it!

what a huge amount

IE you still need to say where its come from ... even if its bitcoin

@Graylan | gray00 if you can create 500 million quickly, it's not a big deal

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

https://www.youtube.com/watch?v=9dVoQVje0O0

@DrYuriMom already regulated.

crypto already is super regulated

yeah

under regular aml and kyc laws

styx is on the crypto life.

https://steemit.com/@styxhexenhammer

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.....

binance.com

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

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