Topic: People wake up now (Read 486 times)

OP, irrespective of the fact that crypto enthusiast are much, the government laws cannot be taken for granted, have you ask yourself why bitcoin has always been an individual thing not institution stuff, that because government is seeing it as a threat to the traditional currency, if the allow crypto to be the dominating currency it will affect them badly because for now they don't have control over it, they are still watching, you should also know that crypto is not handy and it must work with fiat for now to scale through, every law is bendable by the government, they reason why most coin are still in existence is because they have not violated the government laws.

If you are planning to fight government, it will be difficult for you to defeat government or get victory from them because, the army forces and judiciary belong to government which are some tools government use to break anyone that want to feel like he or she can stop government to do what they don't like to do in the country.

 If you look very well, you will discover that many people prefer to put their money on crypto than bank so that when it's time for harvest in the bull run they will have something good to achieve and they can do some things without waiting for the government to do such things before they can live well in the society.

I don't trust my native currency so I trust crypto to stablecoins. Most risky at present because the interest rate in the banking sector is very low and the money is not safe. But if I put my money in cryptocurrency then I own it and I have my own ownership that's how I realize my life.

This is just a matter of personal decision by individual who have know the value of Bitcoin and crypto precisely, with deep information of genuinity, desired to take a step is not a matter of not obeying government. In every level one must not act as if your disobedience to government, because the cinsequence will be heavy for such person. if not the facts that our government are failing on their responsibility the major purpose is to protect citizens in all aspects, government only focus to restrict people from being extorted by unrecognizable body just as the case if the past MMM. Though risk taken is always been carry by individual who made of mind to carry what the result could be they will bear.

We fully understand that most governments of the world are not fully in support of Bitcoin and its mode of operation. We also understand that governments would want to ban Bitcoin outrightly if they can. But saying people will stop obeying the government is an act of rebellion which is not healthy for any government to grow with.

Paying of tax is one civic duty every citizen owes her government. And we know money generated from tax forms a major source of government revenue which is in turn used to see to the  general welfare of the citizens. Paying of tax should not be seen as a burden, rather it should be a selfless duty to the government of your country.  If we begin to hide under Bitcoin to avoid paying tax, we will only be proving the government right. We Bitcoin owners are not at war with the government,  all we need is a balance and a conducive environment to carry out Bitcoin transactions without fear.

There's no difference between stablecoins and Bitcoin either. Both are just investments.

And "the government" isn't going to come "shut down" Bitcoin. Why would they? After 10+ years Bitcoin still isn't used as a currency--not that "the government" would have a reason to care even if it were.

There is no different between stable coins and and fiat bank. They are just like the same people, functions and doings. Yes we all know that they will be and revolution in the world economy one day and even at that it is bitcoin that people e use and not Stablecoins. Instead of using stable coins it is better I used fiat currencies. Please don't dream to use Stablecoins.

But you also have to know that cryptocurrency was created nto support the fiat currency and not to fight against or rebels against the government. In my own opinion government can shutdown cryptocurrency if they want to. Anyone found with cryptocurrency activities would be arrested and jail. Then people would be afraid to use bitcoin.

Kindly take a look again at what you have written so that you would be able to think yourself what's wrong with it.
For the major of liking the Crypto sphere does not mean that banks are useless. Even though cryptocurrencies finally dominate the world, that does not mean that the fiat banks are not going to be in existence. You need to understand that every countries have there own currency and no one would want to acquire Bitcoin as there country because it's not going to help things get better.

You make crypto sound as an anti government crusade, which is not what cryptocurrency is all about, why are we so much concerned with irrelevant thing about crypto such as it alternative currency rule, and also banking the unabanked role, and deviate from compering or trying to make crypto looks as if it a replacement of the traditional financial system.

Let learn to know the importance of both sectors in our financial dealings, such as the importance of the traditional currency system such as banks and banks notes and also the importance of cryptocurrency and how both act to better our overall financial experience.

The US government doesn't care what you do until you convert your asset into US dollars. This is true for stocks as well: you aren't taxed until you sell.

And while I can't speak for other governments across the world, the US government has done absolutely nothing to restrict trading in Bitcoin or other cryptos (unless you call going after fraudsters "restricting" it, but a safe environment actually encourages trading).

Your idea sounds funny and using stable coin as an example still sounds funny, what makes you think people can just go about disobeying their government or your society doesn't obey the rules and guide set for the citizens, I believe you've heard of hero's who took great step to fight against bad government and slavery some died during the process and it was not easy, firstly if you want to fight against your country government you much be influential and you need money to do that, that's why you see a lot of people with same mindset to fight backing off. If I may ask you want to fight because you need financial freedom and the fear of paying taxes, very funny and it's impossible cause every new method you bring the government will always find a way to condition citizens and tax payment must be made with fiat, what do you think about government bodies, they have the power to control the economy and country so I don't think you can fight.

The government may try to block the access of buying and selling crypto but it may not work for them completely because this is not the first time that the government have been trying frustrate people from using cryptocurrency but still people still try their best to use cryptocurrency even with all restrictions from the government.  Their is nothing the government will do that will totally shutdown and make people from using cryptocurrency.

Putting your faith into stablecoins you are putting your faith in governments and banks. Stablecoins aren't "full crypto" by any means. They are highly centralized with backing of that very currency you wanted to avod.

And good luck with your tax avoidance, that can bite you hard in the future when you need to pay them back with interest or go to jail. I am not sure where you live, but if you don't like taxes, i am guessing you have those and you live in a country that's under ever growing tighter regulations. So just hope that country you are hiding your income from has nice jails.

Also when it comes to freedom, you can have financial freedom by having enough capital to pay your taxes and live with it. Now paying taxes you'll end up literally losing your physcal freedom.

While I agree that having some satoshis is always good if one can afford them, I also need to point out that this market and this kind of investment is not for everyone, I have met people who are fully into cryptocurrencies because they like the idea of using stablecoins to conduct their transactions, it is specially common to see so in countries with high inflation rates.
One cannot expect someone to get most of their capital into Bitcoin if they are not accustomed to see much volatility or are not informed enough on how to keep their money away from the hands of scammers.
You would be surprised on how easily some people can fall for the easiest and more obvious scams out there and lose thousands of dollars.

Instead of going around advicing anyone and everyone to get into Bitcoin with their money, I would first direct them to this forum, so they can learn what all this is about and set their expectations on what they can earn. Those who have very big expectations and some money to invests are the perfect potential victims for scammers to hunt... There is no rush, we all were newbies and there is always chance to slowly DCA in BTC.

We are also thinking about this that nowadays people have become very smart and they try hard to save their money. The fee is also very low, sometimes it is not charged at all in the transfer, and what is more, it is a unique method, that is, no one knows how much money you have. In addition, there are other countries, i.e. foreign exchangers from one country to another country, they have a lot of benefits, besides this is a very great method, your money is safe and it arrives very quickly.

It is normal for people to speak out against injustice.  People do not tolerate injustice for long. Many of their money has disappeared from the bank.  It is very bad.  It is not safe to keep money with yourself, nor is it safe to keep it in the bank.  People have learned to be independent now. They invest money in crypto and business.  Investing in BTC is more profitable and reliable.

Governments don't need to control the assets themselves, they will (and often do already) control all the points of entry and exit.

Personally I think cryptos (and all digital assets) are going to be regulated just like stock shares if they aren't already. That won't effect your ability to buy or sell it, or transact with it. It will, however, effect your ability to conduct crime with it, or to evade taxes with it. The US clamped down on physical cash starting in the 1970s, and they will do the same thing for digital stuff.

The government may succeed in controlling other cryptocurrencies but as for bitcoin it won't be possible  for them,  the government before now have tried to short down bitcoin or to control it but didn't work out for them.  The government will not have any option  to accept  Bitcoin when they understand bitcoin is beyond  control for anyone to to destroy it.  Some countries that used to be big enemy of bitcoin are accepting bitcoin,  this is what happens when they  can't control bitcoin.

A self-educated person never likes and does not enslave anyone. Day by day people are becoming more educated and less dependent on government and banks. In the modern world there are many trusted workplaces for earning. For example we can put the script Almost many people in the world have put their trust on the script.

I mean, I can understand why people do not like taxes, they can be sometimes be perceived as unfair and exaggerated to certain group of individuals, but whether we like it or not, taxes are important for serious governments to run effectively, specially in countries where the most of the income is made by private companies and not the government itself. For example, in my country, for a very long time people had not paid personal taxes, because the government owned the oil and also the company in charge to exploit the oil fields here, so they could afford to keep the government running by themselves. Since in the United States and in other countries those who exploit the natural resources are private entities, then collecting taxes is necessary to keep the government running.

It may be not the best or simplest system, but as long as there is not a huge deficit, then it should work fairly well.

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

While indeed that people like us woke up years ago about the banking system failing to give us what we deserve yet there are still many people that engaging and trusting banks and those are the people that hates believing other options such as cryptocurrencies , but eventually as years passes by? yes they will either understand or blame themselves for what have they done when we are trying to let them understand bitcoin and its help.
hope that it will not end them becoming a complete losers before learning their lessons , lets not stop helping people around us to get involve and use bitcoin before its too late.

1. Crypto is perfectly legal in the United States and in most Western countries. Nobody is "obeying" the government in this sense.

2. This has been the case since Bitcoin began over 10 years ago.

3. "Banks" cannot command anybody to buy or not buy crypto assets.

4. Institutions that either are, or operate much like "banks" are, defacto, most people's interface to crypto. Most crypto investors do not keep their own private key, and I suspect most don't even know what that is.

5. Crypto is legal in lots of countries where there's also plenty of slavery :-).

6. Good luck evading taxes from your government.

I could probably go on...

Keep dreaming when you talk about Stablecoins and being outside of the reach of the government. It has been already unveiled that the FBI and probably the CIA have vary close ties with Tether. Thether being the most popular stablecoin in this market by volume and capitalization, it is supposed to say something to you the fact the government of the United States of America have been alledgely granted the power to seize and block tokens issued by Tether, regardless of the wallet where those tokens are being held. In short, it only takes for you to be a suspect of a crime for your stablecoins to get stripped away from you, I am not sure whether Thether or USA will have the sympathy to ask you to explain yourself and the origin or your money before taking it all off your wallet.
People continues to be asleep in many senses, and I suspect it will continue to be that way for a very long time.

Before getting into any alternative currency, you better do your own research and make you it is as decentralized as the shillers/promoters claim it to be. Just my two sats.

Yes people wake up now and that's why people Will stop obey goverment and Banks but Will go full in crypto.
Full stablecoins and crypto no taxes no slavery only freedom now