Topic: Reminder: US House meeting to end privacy, mining and software development in US (Read 430 times)

I'd be very surprised if some degree of this wasn't already happening. Hell, knowing the US government, they would probably attempt to strong-arm any foreign exchange or government that they wanted in to handing over the details of US citizens without offering any information in return.

And so can you! And what's more, it isn't even difficult. Go to Bisq or LocalCryptos, download the software or sign up for an account, and start trading peer to peer completely decentralized without handing over any personal information whatsoever.

If you use centralized exchanges, then the government will track you. It's that simple. It doesn't matter if the exchange is overseas, or they totally promise not to hand over you details (), or you only use their non-KYCed accounts, or whatever.

You spoke too soon!

Foreign exchange tracking:
Translation: no using a foreign exchange to obtain or exchange cryptocurrency for US citizens. Goodbye privacy. The rich will, of course, find ways around this.

Anyone thinking these Senators were naive? Don't be fooled. With trillions of dollars involved in US politics, everything is by design.

Be ready to contact your represenatives if this happens.

We could already solve poverty in America if we wanted to. The cost of solving poverty is far less than the amount we spend on bombing civilians around the world. If we switched to a single payer health care system, we would not only save enough money from our taxes to solve poverty but we would also get better health care and not have to buy personal insurance. A win-win-win for the average person. But we both know those things will never happen, because soup kitchens and homeless shelters don't buy our politicians - healthcare conglomerates and weapons manufacturers do.

With other ridiculous news like the EU wanting to ban all "private wallets" (yeah, good luck with that ), I definitely wouldn't put it past the US Congress to try to levy more taxes from cryptocurrency in some manner or other.

I have written as many times as I can and called numerous times to voice my concern about this bill, but at the end of the day if the government find something that is making the American public money and they are not getting a big enough piece of the pie they are going to tax it until it is just barely profitable for people to keep doing it but they can rake in the money. Really pisses me off every time I think about it but I will keep fighting on my end to call or write as many people as I can.

this topic
oeleo posts: 6
franky1 posts: 3

hmm seems its oeleo thats going overboard with arguing

there are many topics i leave much alone. because they are making valid points and dont need my input because they have solved their own questions

there are many topics i just make a subtle point and people realise the point

but there are certain topics where certain people really try to pretend they are influencers but then really just act like script readers spouting out some campaign of time wasting and misdirect. where they dont really think for themselves and just ride the campaign bus even to a dead end.
(these people are worse then sigspammers)

and its these topics that need multiple posts to wade through the crappy campaign propaganda and to actually poke at idiots until they wake up, because they are so blind to their own scripts they just defend them post after post without thought.(like how flat earthers act like)

so instead of creating social drama of arguing. actually take a few minutes to refuse yourself from pressing the reply button just to argue just to defend your preformed opinions based on some script you read.
stop now. stop getting the itchy finger ready to press the reply button for the sake of arguing.. and think

and actually think for once. not for how you can kiss ass the campaigner by being a sheep. not for how you can present yourself as being a developer defender because you imagine them as god.

but actually think about what the subject matter means to you personally

tale the LN fangirls
they are pushing the lets defend the developers they love as gods.. to the point of sounding like idiots. rather then thinking about how this bill affects them personally about being routers for payments

yep they wanna kiss developers ass even though in this instance developers dont need defending.. because the bill is not attacking developers. while ignoring their own risks and issues the bill will cause of treating routers as MSB

and if they cant see they are putting their own risks aside and ignore the pitifulls that will affect them, to just try acting like loyal sheep defending developers(even when not needed) then they really need to take a step back from the social drama and viral memes and campaigns. and actually think for themselves for once.

now back to the point
changing the bill to just add "excluding pools and developers" is a heck of a waste of time and not a single rational independent thought has been put into it. (sheep scripting only)
where as a simple amendment of
from: 'if any person'
to: 'if a us business'
clarifies a heck of a lot and actually closes alot of loopholes jurisdictionally and descriptively of what a broker is

the 'exclude developers and pool' changes nothing. and still puts the LN fangirls at risk. and also retailers and businesses not in the US


lets word it another way.
if a US citizen had a offshore fiat account in switzerland. the IRS cant demand the switzerland bank to report on the US citizens fiat
yet this bill allows a switzerland crypto exchange to report on a US citizens crypto trades..

so if you want a true amendment that stops this over reach, and also redefines clearly for the naive what a broker actually is.
the amendment should begin with 'if a US business'

heck its even less letters to change then 'exclude software developers, pools and nodes'

Debating with franky1 more than one post is meaningless, he has a desire of being right, no matter what you tell him, no matter the subject he must be right and the other must misunderstand something and not have a clue what they're talking about. Open this same topic with completely the opposite view on it, he will come again and criticize everyone and telling we are all wrong.


Hihi, all the articles pro taxation started with the mentioning of a multi trillion market as bait, you're going to be also wrong if you think that taxation is not a part of it, this is just the beginning, they need control, then there will be taxes, and then more and a little bit more. Just looking at the coins moving around and knowing who does what matters little to them, they are already tracking those, but now you will have to also pay for it.
Wait till some democrat senator realizes that if we put a tax 1% on every tx in the chain we could solve poverty in America.

alot of people just dont know how real life works.

heck they are posting dozens of posts about this bill and yet they do not even know how the SEC functions nor anything about MSB's and who the bill is really targetting
heck i bet they never seen a MSB policy handbook nor know what goes into being a msb(broker)

the funny thing is that the large exchanges that will be hit most with bureaucracy understand whats going to happen and guess what. they dont actually mind. its like another standard thing they have to do. the reason they love it. is because they have already formed policies about KYC for fiat, so extending it to crypto transfers is like a click of a button.
they like it because they know how much stress it took to first become an MSB. and so now MSB's they want more hurdles to stop the new competition. yep they dont want new players in their game

but while some idiots that dont know who its really going to affect or too afraid to admit their alliances to admit they will be affected in another way. instead they are just following some script someone else is influencing them to push while pretending its their 'side', their agenda.

in short. if you cant even figure out the real issues. and you are in fear because you just dont know.. either learn quick or find out. dont just keep reposting a campaign you only have 5% direct knowledge of/understanding of
this forum should not be the spam forum of making things go viral just because you read it somewhere that it should go viral.. learn whats its really about, learn who or what it really impacts then decide

its pretty pathetic when people just make posts because they read something and need to repost it everywhere and just pretend they are the main people.
its pathetic that they waste so much time on a nonsense agenda just to distract from the real issues.
and its pathetic how they play the social drama games.

but anyways.
while you send emails basically asking to include "excluding developers, pools' it actually fundamentally changes nothing.. and when you lot realise your changing nothing. you will realise the time you are wasting chest beating and arguing over something while avoiding the real issues

real issues like.
rewording the start as "if a US registered company" instead of "if any person"

that way this bill wont affect businesses that are set up in other countries but servicing americans (like the flaw in the bitlicence but not being worded as such)
it also wont affect individuals/hobbyists

the impact is that the US then does not have jurisdiction of other countries businesses or individuals purely because they service US citizens

dont you get it yet
while pandering to the twitter campaign that only wants an amendment to say "excluding developers and pools" .. becomes meaningless campaign as developers and pools are not custodians in the first place

its like suggesting a fruitless amendment to then make it seem the other details are fine and acceptable. without even understanding the wording at all and just getting angry because someone on twitter told you to get angry because of his misunderstanding of the wording

the wording does not include developers or pools. fact.

but what the wording does allow for is expanding US jurisdiction beyond the land borders of USA. and it even affects the "other network" routers.
heck i even appealed to the "other network" fangirls personal affects, how it would affect them. but they just cried how they should ignore how it would affect them personally. just to continue spouting out the nonsense campaign someone else came up with
its like they are on auto pilot.

so one more time

READ THE ACTUAL WORDING
any person who (for consideration) is responsible for regularly providing any service effectuating transfers of digital assets on behalf of another person

lets break it down
any persons who for consideration
-translation: anyone doing something for a fee

is responsible
-translations: actually responsible EG custodian

 for regularly providing any service
-translation: business

effectuating transfers on behalf of another person
-translation: again custodian moving funds

no where does it describe a software developer

however it does allow for these holes:
LN routes
exchanges
coinjoin/mixers
businesses outside the US border
users outside the US using a ES business
..
but lets see all these people ignore all this and just want 'developers and pools' added as an exclusion..
which if we follow that rabbit hole. it means these script following no-brainers think retailers are suppose to report because they were not put in as an extra in the exclusion list. thus the rabbit hole means anything not excluded must be included
(facepalm)
and thats another thing. software developers dont take responsibility of funds to pass onto others
and yet retailer do take cash from one customer and pass it onto another(supplier/employee)
yet wheres all the out-of the -box thinking about excluding retailers.. oh wait.. its not in the script so dont think about it, right?

atleast take a few days to think about things rather than just wasting them same days just reposting and reciting a script of something you read somewhere while defending it to the death because you read it.

its just a silly time wasting effort to just request the "exclude developers and pools" as they are not going to be impacted. and just as silly to ignore and avoid talking about the actual wording and actual impacts

but hey lets see 20 more posts about how the certain people will just mindlessly follow a campaign word for word without even the subtle concept of independent thought and wanting actual change

It doesn't matter to him now. He retires at the end of this term, so he doesn't care about what people think of him, he doesn't care about getting votes come next election cycle, and he doesn't care about doing the right thing. All he cares about is the fat paycheck he gets from his banking and Wall Street donors. There is zero accountability.

Don't let them fool you in to thinking that infrastructure spending is behind these crypto provisions. The taxes which would be raised from decimating the cryptocurrency industry would amount to ~1% of all the spending in this bill alone, never mind the trillions of dollars of spending in other stimulus bills which have been passed recently or will be passed in the near future. And, at the end of the day, what is an extra $20 billion in tax revenues when the Fed is printing trillions out of thin air? This isn't about raising taxes; it is about controlling bitcoin.

People who are involved with cryptocurrency in the USA should join hands and mold a one stand on this matter as lawmakers would prefer to hear a big voice representing many small players and constituents rather than a broken and hollow stand on this very critical bill. One thing for sure is that this is not a well-thought of kind of law and I must say that cryptocurrency is just inserted as they are looking for many ways and means to tax anything so the Infrastructure Bill would have sources of revenues for spending. Done in haste, done half-baked. Sadly.

Don't underestimate the influence of these two countries, because maybe someone will say that China's complete exit from the crypto world is not necessarily a bad thing - but if the US moves in a similar direction, what do you think all those US-influenced countries will do? I am thinking of India, Japan and most EU countries that will do what they are advised to do - because no one wants the Americans to reassure them in a friendly way that something needs to be done.

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It seems that they were looking for just such a man for the job, and he is doing it perfectly for now. In the end, he can always say that he didn't really understand what he was doing, but that he meant the best.

That's part of the problem: An assumption that if you want to preserve your privacy then that automatically means you are doing something to disobey the government, i.e. illegal. I just want to have the freedom to live my life and spend my money without being spied on or harassed.

Sure, it's all me. That's why everyone here except you is on my side of this discussion. That's why there are entire campaigns being ran on Reddit and Twitter to get people to call their representatives. That's why multiple Senators tried to amend the language of the bill, and now multiple House Reps are trying to do the same thing. That's why every news site, crypto or otherwise, is talking about how bad this bill is for bitcoin. That's why people like Brian Armstrong, Mark Cuban, and Elon Musk have spoken out against this bill. I sure do have a lot of influence to do all this myself.

Or maybe, just maybe, you are the one who is wrong here?

The only thing that's clear is the astonishing naivety in what you're saying.  People with vested interests that are openly hostile to Bitcoin are responsible for the decisions being made here.  This is an altogether different situation to the SEC commenting on defi regulations.  This has far greater scope for abuse.  But you've made it clear why you prefer the wording as it currently stands.  It's just precise enough for your own sordid agenda:


Thank you for revealing that your stance on this matter is entirely predicated on your vendetta.  You desire a regulatory environment which is hostile to Lighting and you'll say literally anything to convince people that's somehow a good thing.  Even if it has consequences for non-LN users.

You really are a one-trick pony, aren't you. 

lol i remember that phone book where you just have to look for the name and dial the number.

if Americans don't want to be like China, they better tag Yellen you are against this bill. If she wins because most probably she can bribe every senator and congressman out there,  there goes your freedom. they might even have the social credit system as a plan for you all just like China has.

miners are brokers as law. looks like its made by someone who doesn't understand how this works.

Well, Banks took a beating against Bitcoin and Crypto currencies... and also large financial consulting firms... so it is just a natural push back from the government that protects them. Some Bank even suggested lately that the developers associated with Bitcoin should be prosecuted. (People like Gavin Andresen) 

So even if you not the creator of the "privacy" software and only the maintainer.... they will hunt you down.     The US is fast becoming a "Police State" like China... but they are always pointing fingers at China.