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Old 12-06-2019, 02:55 PM
LoveLife LoveLife is offline
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And while Prankster is trying to plug the leaks,
here are the first cracks in the government crypto adoption.
All dam bursts began as tiny leaks.

The Marshall Islands are issuing its own cryptocurrency:
https://www.coindesk.com/why-the-mar...cryptocurrency

“To date, countries that have issued their own cryptocurrencies include Ecuador, China, Senegal, Singapore, Tunisia, though these countries will not be standing alone for long with Estonia, Japan, Palestine, Russia and Sweden looking to launch their own national cryptocurrencies. Some of these countries are likely to take it a step further and replace paper tender altogether with China being one nation that is looking to take one step beyond a virtual and paper version.”
https://www.fxempire.com/education/a...urrency-443966

I will love it when the Dutch offer their national crypto and call it the TULIP !!
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Old 12-06-2019, 11:55 PM
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We ain't got no stinkin' bittulips!!
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Old 12-07-2019, 02:25 AM
LoveLife LoveLife is offline
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Take a few minutes prankster and get enlightened:

https://www.forbes.com/sites/michael.../#5f763b9d4b4c


“I think of that as an example of the role I can do in helping people better understand blockchain and cryptocurrencies; breaking it down into terms that people can understand and then perhaps find comfort in it. Or if not, at least have a healthy debate without hyperbole and innuendo.”

Just what this thread could use!
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Old 12-07-2019, 12:00 PM
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Gonna get me 10,000 tulips!
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Old 12-07-2019, 03:46 PM
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Quote:
Originally Posted by prankster View Post
Gonna get me 10,000 tulips!
you have fun with that.



fyi, the tulip analogy is usually the analogy spouted off by people who have no idea about bitcoin and have no ability to comprehend bitcoin, and just want to spread fear, uncertainty, and doubt. Its one of the first negative viewpoints discovered upon googling "bitcoin"....

so good job outing yourself, NOOB. lol
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Old 12-07-2019, 06:09 PM
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Quote:
Originally Posted by Unbelievable View Post
you have fun with that.



fyi, the tulip analogy is usually the analogy spouted off by people who have no idea about bitcoin and have no ability to comprehend bitcoin, and just want to spread fear, uncertainty, and doubt. Its one of the first negative viewpoints discovered upon googling "bitcoin"....

so good job outing yourself, NOOB. lol
Not too long ago many many SMART people were begging Bernie to allow them to open an account. And so it goes brilliant fellow!
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Old 12-07-2019, 06:26 PM
LoveLife LoveLife is offline
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Originally Posted by prankster View Post
Not too long ago many many SMART people were begging Bernie to allow them to open an account. And so it goes brilliant fellow!
If you are trying to deter crime, then the blockchain is much more transparent
than any banker's ledger.

https://www.bloomberg.com/news/artic...ing-in-bitcoin

Nordea Bank bans employees from trading Bitcoin on their OWN time!!
And a Danish court (the Socialist defender of individual rights - hehe)
upholds the banks right to ban employee activity at home!!

Ironically, this is the same bank that was found guilty of laundering Russian cash.
Typical bankster...do as we say..not as we do.

Cryptocurrencies level the playing field.
That is why bankers and elites hate crypto.
The enmity has everything to do with criminal activity.
Because banks and cash are neck-deep into such activity:
money laundering, sanction busting, market price manipulation,
usury interest rates, bail-ins/bail-outs, red-lining, currency printing.
All illegal if any of us did it.
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Old 12-07-2019, 11:11 PM
rriley rriley is offline
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Get Ready for the IRS:

The IRS released a new form you’ll need to complete your 2019 tax return. They are asking whether you’ve acquired, exchanged or sold a financial interest in virtual currency.

Earlier this year, the IRS sent letters to some taxpayers who’ve made virtual currency transactions, telling them to pay back taxes and file amended returns.

Taxpayers are required to keep track of all of their transactions and their cost basis.

Failure to report could be considered fraud and there is no statute of limitations on IRS fraud.
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Old 12-08-2019, 02:09 AM
LoveLife LoveLife is offline
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Quote:
Originally Posted by rriley View Post
Get Ready for the IRS:

The IRS released a new form you’ll need to complete your 2019 tax return. They are asking whether you’ve acquired, exchanged or sold a financial interest in virtual currency.

Earlier this year, the IRS sent letters to some taxpayers who’ve made virtual currency transactions, telling them to pay back taxes and file amended returns.

Taxpayers are required to keep track of all of their transactions and their cost basis.

Failure to report could be considered fraud and there is no statute of limitations on IRS fraud.
Other than the crypto question across the top of the 1040 form,
those trading rules are no different from stocks and bonds.
Or real estate. Or Precious metals. Or derivatives trading.
Nothing to fear if you track your trades and pay any taxes due.
More anti crypto FUD.

Here you go, “crypto taxes for dummies”:
https://taxbit.com/

Or if complicated tax computations keep you up at night,
https://bitcoinira.com/
Walla...no need to track your trades...and tax free after age 59.5
Use the IRS rules. Don’t fear them.
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Old 12-08-2019, 05:46 AM
LoveLife LoveLife is offline
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Another great interview video...if you can get past the Australian journalist!
Tim Draper is a Stanford educated, billionaire who has invested in
winning companies for decades.

https://youtu.be/H6Xz4luFb2c

His crystal ball is crystal clear.
AI, technology, and crypto.
Invest in the Kodaks of the world if you must.
But as for I and my family, we chose the road less traveled.
“The Wright Brothers didn’t have pilot licenses”!
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