[NEWS] Elizabeth Warren says she’s building an anti-crypto army in new campaign - page 2.

bbc.reporter

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Quote from: Lucius on April 06, 2023, 08:57:40 AM

Quote from: bbc.reporter on April 05, 2023, 09:40:09 PM

Another reason why the government wants a crackdown on the cryptospace is it might be hard to tax because cryptocoins are easy to move and hide hehe.

The tax is paid on the profit, which means that those who bought Bitcoin and did not sell it have no reason to pay tax, unless there is some country where you have to pay tax just because you own Bitcoin? In addition, everyone who buys Bitcoin through CEX has done KYC and uses their bank accounts for deposits and withdrawals, and then it is up to the state institutions that monitor such things to catch all those who avoid paying taxes.

It is stupid to say that Bitcoin is used by those who want to avoid paying taxes, because in reality nothing can be hidden from the authorities today.

The article also mentioned that the data was from the year 2022. This might also imply that less than 1% of people has made profit for 2022 hehehehe. That might be a more possible occurrence than 99% of people holding their coins after buying.

In any case, if you say nothing can be hidden from the authorities today, what does it imply on mixers?

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Quote from: franky1 on March 30, 2023, 11:02:29 PM

hmm not really a good look when it comes to re-election

Exactly, there should be a serious voting revolution on the election day to send her home so that she will understand the strength of the pro bitcoin users and the strength of the youth who are the lovers of bitcoin. There are some statements as a public figure you don't have to make because the public is always looking and watching at you whether you are for them or not. And from what she has said, it indicates that she is not with people whom she claims to represent in the chamber. So the people have to vote her out since she is not for their interest and for the ruling class and herself interest. The army she will be building against bitcoin might even against her. So she should be careful of what she says.

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I hope Warren won't be re-elected. The USA already has pretty harsh regulations regarding cryptos and crypto businesses like exchanges are having a hard time to adapt and remain in the USA even without Warren. I'm happy her bill received bipartisan criticism.
She is allegedly in support of holding crypto companies to the same AML standards as other companies are held to, but I suppose in practice that's not true, as the AML regulations already apply across the board and don't need to target the crypto industry specifically.

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Quote from: bbc.reporter on April 05, 2023, 09:40:09 PM

Another reason why the government wants a crackdown on the cryptospace is it might be hard to tax because cryptocoins are easy to move and hide hehe.

The tax is paid on the profit, which means that those who bought Bitcoin and did not sell it have no reason to pay tax, unless there is some country where you have to pay tax just because you own Bitcoin? In addition, everyone who buys Bitcoin through CEX has done KYC and uses their bank accounts for deposits and withdrawals, and then it is up to the state institutions that monitor such things to catch all those who avoid paying taxes.

It is stupid to say that Bitcoin is used by those who want to avoid paying taxes, because in reality nothing can be hidden from the authorities today.

Outhue

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Well good luck to her and her army, she has just given voters a reason not to vote for her, everyone knows how Bitcoin is changing the lives of many people and she wants to replace that with CBDC? The truth is she lacks an understanding of Bitcoin and it's the purpose, someone needs to sit her down and feel her why Bitcoin existed, or maybe I am wrong, maybe she just hate Bitcoin because she is also part of the government? That must be the reason, she is smart and behaving dumb as if she doesn't understand the purpose of Bitcoin, that purpose is what brings the hate.

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Quote from: DeathAngel on April 05, 2023, 04:41:43 AM

She’s obsessed with bitcoin & being negative about it. I don’t understand her problem, she must paid my banks to try to make it as difficult as possible for bitcoin to gain increased adoption.

I hope she gets voted out of office next time. There should be an age limit on people working in these positions. Nobody over 70 should be in a job that affects the future of the whole nation. She doesn’t even know anything about bitcoin, she’s not qualified to discuss it.

I guess she has her own history with bitcoin but unfortunately, it was a worst experience for her which made her too obsessed about it, and want the whole cryptocurrency just totally out of the market. So the whole thing is obviously a selfish desire, she will only use her power to get rid of bitcoin and the whole decentralized crypto coins. She should not be running for her position as it would mean ruining the future of the county if ever she’ll win.

bbc.reporter

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Quote from: DeathAngel on April 05, 2023, 04:41:43 AM

She’s obsessed with bitcoin & being negative about it. I don’t understand her problem, she must paid my banks to try to make it as difficult as possible for bitcoin to gain increased adoption.

I hope she gets voted out of office next time. There should be an age limit on people working in these positions. Nobody over 70 should be in a job that affects the future of the whole nation. She doesn’t even know anything about bitcoin, she’s not qualified to discuss it.

She will use all types of slogans and storylines to manipulate the people who do not know anything about the cryptospace and there are certainly more people outside the cryptospace than inside of it.

Another reason why the government wants a crackdown on the cryptospace is it might be hard to tax because cryptocoins are easy to move and hide hehe.

A new study from the Swedish tech company Divly has found that less than 1% of crypto investors paid taxes on their crypto in 2022. Specifically, the study has shown that only 0.53% of crypto investors paid taxes on those digital assets last year.

The Global Cryptocurrency Taxation Report of 2022 measures the taxation trends for the digital asset industry in various countries. Moreover, it showcases the minimal percentage of cryptocurrency investors that declared their assets to respective tax authorities last year.

Source https://watcher.guru/news/study-finds-less-than-1-of-global-investors-paid-taxes-on-crypto-in-2022

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Quote from: NotATether on April 05, 2023, 04:18:50 AM

Quote from: DooMAD on March 31, 2023, 04:38:53 PM

I notice 'Alphabet' (Google) are one of her larger benefactors. A company who just so happen to have a payment platform, Google Pay. Perhaps they see Bitcoin as competition and are financially motivated to fund those who oppose it?

And I thought Alphabet soup people had bought into the 7 transactions-per-second BS and consequentially did not think it would become a formidable payment platform to challenge them (although that is also on the cards for us).

Honestly it could also be nothing more than Alphabet being ran by a bunch of woke leftists who don't want to support the other gallery of Dems.

It's tricky when you can safely assume vested interests are at play, but there's no way to confirm what those vested interests might be. Could be any number of things, but the GooglePay thing just seemed too big a coincidence. I'm probably way off, though, heh.

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She’s obsessed with bitcoin & being negative about it. I don’t understand her problem, she must paid my banks to try to make it as difficult as possible for bitcoin to gain increased adoption.

I hope she gets voted out of office next time. There should be an age limit on people working in these positions. Nobody over 70 should be in a job that affects the future of the whole nation. She doesn’t even know anything about bitcoin, she’s not qualified to discuss it.

NotATether

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Quote from: DooMAD on March 31, 2023, 04:38:53 PM

I notice 'Alphabet' (Google) are one of her larger benefactors. A company who just so happen to have a payment platform, Google Pay. Perhaps they see Bitcoin as competition and are financially motivated to fund those who oppose it?

And I thought Alphabet soup people had bought into the 7 transactions-per-second BS and consequentially did not think it would become a formidable payment platform to challenge them (although that is also on the cards for us).

Honestly it could also be nothing more than Alphabet being ran by a bunch of woke leftists who don't want to support the other gallery of Dems.

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Quote from: crypticj on April 03, 2023, 08:56:24 PM

Good luck fighting the crypto industry that is evolving very fast and adoption is just getting better and better.

I think it's nothing. They can't win over bitcoin and it's already widely used for them to ban it. And they also should respect the fact that crypto investors are an interest group that will surely vote against her and other opponents can use it to drag them on their side.

So I think in the end she will be forced to change this policy.

Definetly a wrong move for her. Crypto gives the right to people to own digital property and her anti crypto campaign is like an anti-values for the Americans. A person with a mind like her in the senate will do good since she have already helped a lot of people noting that shes has done a good job from her previohs terms. But it has always been a part of her campaign to fight against crypto. Ive done my research and I think there are still many people who believe in her platforms that's why issues like these should be talked about so no one will be a victim of fake news. She can spend the money to other better projects than in the anti crypto army.

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Quote from: BenCodie on March 30, 2023, 11:33:02 PM

The most concerning thing that could come from this campaign is someone looking at it and thinking, "Yes, this makes me want to vote for Elizabeth Warren". As a non-politically involved/non-government individual, who in their right mind is thinking that an "anti-crypto army" is something that would be directly beneficial to them and their community? I can only see people who have been scammed in some way that involved cryptocurrency seeing this as a good thing. Elizabeth Warren probably got duped herself, that would explain why she is so anti-crypto Tongue

Analysis aside. The campaign image is a great meme.

Probably, that could be her first reason why she is digging seriously into this "anti-crypto army", trying to convince everyone that this will solve all incidents of scamming as she entirely believe that crypto is anti-humanity. Well, that is her and we can't control her negative thinking towards crypto. However, it's also undeniable that fiat is also involved in different types of scamming, but how come she didn't think of building a campaign on anti-fiat? Imagine if she will win in the election, I cannot expect for a better future of the country. There is no transparency as her decision is clearly a bias.

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Quote from: Ojima-ojo on March 31, 2023, 01:15:55 AM

Quote from: franky1 on March 30, 2023, 11:02:29 PM

funny part is

bitcoin started life under a MIT licence
the M of MIT is her states name

MIT is a hub of technical innovation, a literal institution of technology and she wants to strangle it.,, hmm not a good look when it comes to re-election

You are right Franky and I don't think the senator has a good campaign strategy, anti-Bitcoin campaigns being the centre vocal point of her election bid will turn the electorate's interest away from her since no one wants autocratic leaders who will not want the freedom of the citizens must especially freedom in finances.

Elizabeth has a slim chance of winning the election and as a matter of fact, her entire political career may be affected negatively because of her hate for Bitcoin since a large portion of the society already embracing bitcoin.

The young voters will see Elizabeth as old fashion politician who does not have the wherewithal to mitigate through the process of adopting bitcoin and other digital assets into the traditional financial system as a lawmaker.

With this as her campaign manifesto, I do not think she would go anywhere not to think of winning the elections. How could she be that insensitive when it comes to choice of words and agenda to campaign with. She is wanting to represent an IT hub in the senates and yet she is against one of the greatest IT innovation aka Bitcoin in a zone where technologist exist. How does she want to campaign then, who does she wants to vote for her. This is a suicide mission you know because anybody who votes for her is more or less removing food from their table and cone to talk of it, she is of age and should be retired by now facing her home and taking good care of her family.

This makes me start asking myself this question. Aren't they the older ones not tired of public offices? At such age they should have retired from active politics paving way for the youths to take over leadership but greed and hunger for power would not allow them.

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What I don't understand is why this senator is trying to kill cryptocurrency as if it is an enemy. Crypto is part of the advancement of financial technology. It is an innovation. It is not something criminal. It does not violate the people's rights to their lives or to their properties. In fact, it is developed with the goal of making life better for everyone.

It doesn't seem wise to seek reelection showing so much hatred against a technological innovation as if she's fighting against drugs or other criminalities. Depending on how high the level of crypto awareness among the voters of Massachusetts, this is like a political suicide.

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Good luck fighting the crypto industry that is evolving very fast and adoption is just getting better and better.

I think it's nothing. They can't win over bitcoin and it's already widely used for them to ban it. And they also should respect the fact that crypto investors are an interest group that will surely vote against her and other opponents can use it to drag them on their side.

So I think in the end she will be forced to change this policy.

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Imagine having someone like her running the state which was known for a lot of technological breakthroughs and disruptive tech work. It would be a shame if she wins in the election knowing full well what her in the office would look like. Her bill was technically trying to convey who is behind what in the cryptospace, and was only adorned with legal words that seem pro-people when in fact it wasn't. I wouldn't trust her to represent me in the Senate if I were from Massachusetts, knowing that her programs were focused solely on quashing one movement that didn't do much damage to my state nor its people.

Perhaps if she comes up with a rather convincing reason as to why her bill isn't only to prosecute but also to help flourish, then I might reconsider my choices if I were from Massachusetts, but it seems that it's a non-negotiable to her and she just wants to push her agenda so bad.

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Quote from: franky1 on April 01, 2023, 12:01:07 AM

not sure why people are mentioning SVB and signature failures in the same topics as crypto..

It is just news showing why the people of Massachusetts should not vote for a corrupt, hypocritical person back in the senate. She does not use her position to function for the interest of the people. She uses her position to move for herself and in the interest of the rulers and the leaders of America.

It also appears that there are people in the forum who underestimate these latest coordinated attacks vs. the cryptospace. This might not be something similar that was done before. The regulators are much more serious this time.

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It's Unfortunate for the state of Massachusetts, but not for the bitcoin ecosystem, fortunately. That's the best part of decentralization. Even if some massive anti-crypto campaign is funded by this old lady, crypto ecosystem won't get affected. Some certain groups of people living in that state might not have direct access to cryptos if anything goes wrong. But largely, no impact will be seen!

It's true that politicians need to learn new things and it's a big responsibility of today's youth, not to elect such people who are old and ignorant of new techs. In my country, we are facing this issue for a long time. It needs to change for good!

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Don't worry it's highly unlikely that a Dem wins the 2024 election after unpopular stuff that Joe Biden did. Wink

But she should really enlist Greenpeace for help. I'm sure they would jump at the opportunity to destroy crypto too - wait, what's that you say? Their financial backer doesn't want them to break XRP? Well nevermind then, they will pass the opportunity Grin

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Quote from: Bushdark on March 31, 2023, 01:51:08 PM

Quote from: buwaytress on March 31, 2023, 09:21:04 AM

Seems like bad news on the front, but Bitcoin, Ethereum don't have anything to worry about.

Whether she's building an anti army for Bitcoin or not, we don't care about that because there is no way she would do that and it will affect the flow of Bitcoin or the cryptocurrency. Let her organize her anti Bitcoin army and let's see how it will go. We don't need to bother ourselves about the market again because there is nothing again that can affect the Bitcoin market. If there will be any possible organization or army that can crash the cryptocurrency market then that would have happened before now maybe many years ago when Bitcoin price was still below a thousand dollars.

Right. That was not really what I was saying. Global economic pressure and stock market correlation sort of proves more and more that Bitcoin markets (and by proxy, crypto) can, in fact, be impacted.

All I was saying is the headline is not necessarily bad news for crypto users in general. I always say, what doesn't kill Bitcoin only makes it stronger...

Topic: [NEWS] Elizabeth Warren says she’s building an anti-crypto army in new campaign - page 2. (Read 611 times)