Topic: People wake up now - page 2. (Read 493 times)

u know that taxes use to finance investments the human capital and new project of thr country, its so important to the government to colect the taxes
they wont let you get ur freedoom as simple as you think
but its too important to try it

You need to understand that even the government are now putting there eyes into cryptocurrency. They want to regulate everything that comes onboard so that we can not make decisions of our own. The Bitcoin ETF that w had been agitating on for several months now is not yet confirmed by the SEC. The government would always make decisions that would benefit themselves not the public in general.
We should not be surprised that very soon the government would start controlling every aspects of cryptocurrency.

The US is a country of private property and the right to contract.

If your Bitcoins are your private property, they cannot be taxed unless you contract with government that they can be taxed. If they can be taxed without your contracting to do so, then they were not your property in the first place.

The other point to this is explicit contracting. If you own the bitcoin (it's your property), but government forces you to pay taxes on your property even though you didn't contract with them to do so, it's because they thought that you contracted with them.

If the man/woman in government won't show you the contract when you ask for it, time to sue them in their personal capacity... not as a government official.

Same with IRS taxes. Your labor on the job is a trade of your property, for property belonging to your employer. Money is simply a means of exchange, but it is charged with private property, thereby giving it value. The IRS can't legally take your property. How do they get away with it? Because you contracted with them to let them do it. When or how did you contract with them? You filled out and signed a Form W-4. In doing this, you essentially called yourself a taxpayer.

What you need to do is fill out every form with government, signed, "non-assumpsit, (Your Signature)," on the signature line. "Non-Assumpsit" means no contract. It means that you are not contracting with government, yet they can get the info they are looking for from you by looking at the form. However, your best bet is to not fill any info on any of the lines of the form, except to identify your person that is contracting with them by no-contract.

That's rebellion and I think that he's got his intention and hatred towards his government. Anyway, if he likes to do this purpose and cause he's telling us. What's best is to do it on his initiative wherever he is right now and stop hallucinating people into things that they don't want to do, it's just so bad.

We must learn to do things the right way, it's not by fighting that will make government understand the need to allow us to have full participation in cryptocurrency, we should first be law abiding, we can go with doing crypto in private a d having it being run underground, when the time comes, even the governments will by themselves adopt bitcoin for use and be left with no choice.

You need to pay taxes for crypto earnings too because its considered as digital asset even though it is not accepted as legal tender, and not paying the tax is a violation and you will be given a hefty penalty or may end up behind bars too.

Never encourage bad things and following the rules of the government is necessary though.

How are banks "keeping cash away from owners"? Can you explain that? Nothing like this is happening in the USA.

No doubt banks are creating hate on themselves by this current idea of keeping cash away from the owners. The banks are suppose to be channels for cash receiver and transaction but the government is now forcing digital banking down the throat of people by taking it away especially during the festive season which is discouraging people from further saving in this current year. Perhaps this kind of development is what will increase the volatility in crypto this bull run because more people will prefer to hodl their money in crypto where they can easily access it and not in banks where they will ration fiat and encourage you to go digital whilst it original jurisdiction is to be physical.

That is why bitcoin is volatile due to the up and down of her price movement. I don't think that this little change in price was controlled by anyone, it is the fear that SEC will not approve bitcoin ETF that caused the price correction. We also know that when bitcoin pump has pumped for few weeks, there will always be correction in its price.

It is better that we adopt investing in bitcoin, where you are your on bank and you are free to do whatever you like with your money and not people giving you conditions on how to spend your money.

Saving money in the bank is not a good option because money is depreciating so seriously,  and keeping the money in the bank is of waste.  With the way things are going with the banking system I think going into cryptocurrency as means for storage is a good one if one really understand that profits in investing crypto currency can be gained.  When people lack patience to understand movement of the market. Bitcoin has the ability to improve the value of fiat if it is converted to Bitcoin.

Doesn't matter!

I feel people still back off unless there is power involved.

Things go on!

That's right, not everyone can take risks, especially if what we're talking about is hard-earned money. Because other people know that it is risky to get into crypto, it is really risky especially for those who don't know about it yet and others are aware of it so they stick to what they know and that is the banks.

I see this as a slow, ongoing process where cryptocurrencies take larger and larger part of the market from fiat money. You're right that it's very hard to survive on crypto only these days, but 14 years ago there was no crypto market. There were a few people who heard of the idea and Satoshi was mining at home. We were in the Stone Age of decentralization.
10 years ago it was still impossible to live on crypto. 5 or 6 years ago there were already people doing it, trying to be the first digital nomads. I remember when there were articles about people selling homes for bitcoin and living in their cars and the whole world was in shock saying how could they be so irresponsible.
We've come so far and will continue to progress.

Tether is not decentralized, so I don't care what happens to it. I don't use it, so it won't affect me.

What are you saying? Aren't you free right now and you have to obey the government and pay your taxes? Is that the point of your life now that you are too desperate about them? me, I am just obeying the government but they can't stop me from doing the things that I like but of course, they're not illegal as if you're telling people not to obey them and be a rebel against them. You're still inside their kingdom and that's why there are rules placed on every citizen to follow.

Being on full stable coins and crypto doesn't mean that you're free, there's still crypto gains that some countries are putting tax on it and if you won't pay that, you'll be sanctions and there's the consequences that you'll never like. I know that it sucks but when the time comes and you have converted it, that's all what you need to do. Think of it whether you like it or not, if you've got a huge assets that you're trying to hide I may agree to put it with stable coins so that you can keep the amount and value of it, otherwise, you can put it on Bitcoin for a very long time and it is up to you on how you're going to sell it eventually.

However, note the timestamp on this comment post. For the last day and a half, bitcoin jumped from $42,000 to well over $45,000. Then over a couple of hours this morning, Bitcoin suddenly dumped back down to the $42,000 range. Somehow Bitcoin looks like it is controlled, but only by a few major players in the free market.

Just to clarify that I am a supporter of decentralization and crypto but how would you sustain without fiat if you put everything in crypto? At this moment and even in near future Crypto will not be accepted as an alternative for fiat in most of the countries.

Also USDT (Tether) has recently bowed down before DOJ, FBI and security services to freezing 326 wallets. It's not safe and it would be better if people understand it sooner.

https://news.bitcoin.com/tether-confirms-extensive-collaboration-with-doj-fbi-and-secret-service/

Yes I agree with you that more work are needed in the area of educating people about crypto currency. There are many people who are not into cryptocurrency now simply because they don't truly understand how it works, but many see them as people who are educated or people who are low life and can't adapt to emerging technologies. If most of the people who are still putting their money in the bank gets the right education about cryptocurrency I believe they will not be keeping their money in the bank again.

Not everyone can afford to take risks, especially when it comes to their hard-earned money. That's why it's important to emphasize financial literacy, ensuring people understand the potential downsides of investing in cryptocurrencies and can make choices that align with their financial situation and comfort level.

It's true that cryptocurrency and stablecoins offers us preferable options for our money, because of the the freedom and privacy that they provides us the holders, although that should not be a reason to discredit the importance of government and banks. The two institutions have been existing before cryptocurrency came on board, and they don't in any way disrupt the activities and usage of cryptocurrencies, so government and banks don't need to stop functioning for cryptocurrency to become more relevant and increase in adoption. Cryptocurrency gives it's holders alternative choice to use for payments and as investment and trading for profit purposes. Also don't forget the risks that's associated with cryptocurrency, it's volatilities and many scams, so we can't blame anyone that doesn't join the crypto bandwagon.

While i do agree that putting your money into cryptocurrencies instead of letting it be held by the bank is a much better choice i also can not put all the blame on those people who still do the same thing we can not deny the risks that are associated with cryptocurrencies hence why we should educate the general public better and not to shame them for not understanding cryptocurrencies especially with so many misinformation circulating around