Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3461. (Read 26712695 times)
June 09, 2022, 11:01:23 AM
June 09, 2022, 10:21:57 AM
Rephrase what I said, according to its context: In the hypothetical event of a total ban, >99% of people here could be easily stopped from using Bitcoin.
for anyone of us in the USA (you know, land of the "free") a government ban would certainly stop almost all of us in their tracks. even if youre not kyc'd anywhere, use tor, decentralized exchanges etc i would wager they would find out anyway. maybe if you live totally off the grid and never go near civilization it could be done but thats not for me. call me a wimp or whatever, i need modern society to live comfortably. especially modern medicine.
understand: i HATE kyc and the government snooping in our business to the point they just hoover all info they can to store and analyze for "security/terrorism/etc" purposes even when its not currently useful. as they can always make some law in the future and look back at all that collected data to retroactively get you on some law that doesnt even exist right now.
look, i will mess with a lot of things but one entity i wont mess with is the irs. they have NO sense of humor. makes me glad i did not hide my btc gains even before the irs targeted it. call me a wimp but thats what we here in the USA need to do to exist in peace.
bleh.
In the USA you could mine to an address and never touch it.
I kyc everything fully transparent and I now did an LLC with buysolar. I had a schedule c but turning 65 and wanting to still work my accountant advised using an account with the business name on it for bitcointalk.
Thus the new account vs philipma1957. Thinking BTC is truly private and stealthy holds back its adoption as that is my opinion.
phil (or LLC2022), you seem to mix a few things (anything below is not an advice, consult CPA):
1. btctalk and business are two different "things" that don't have to be related, lol.
2. If it is a one member LLC, then taxes are being channeled to your INDIVIDUAL 1040. If LLC has more than one member, then it is more like a corp, which has both advantages and disadvantages.
3. You can very well mine to an account, but still record it and pay proper taxes on all proceeds (after accounting for expenses).
June 09, 2022, 10:18:18 AM
JUST IN: 87% of US merchants plan to accept bitcoin and crypto within 2 years – Deloitte survey 🇺🇸
_________________________________
https://twitter.com/BitcoinMagazine/status/1534896931247648769
_________________________________
https://twitter.com/BitcoinMagazine/status/1534896931247648769
June 09, 2022, 10:03:33 AM
June 09, 2022, 09:04:55 AM
June 09, 2022, 08:52:27 AM
Rephrase what I said, according to its context: In the hypothetical event of a total ban, >99% of people here could be easily stopped from using Bitcoin.
for anyone of us in the USA (you know, land of the "free") a government ban would certainly stop almost all of us in their tracks. even if youre not kyc'd anywhere, use tor, decentralized exchanges etc i would wager they would find out anyway. maybe if you live totally off the grid and never go near civilization it could be done but thats not for me. call me a wimp or whatever, i need modern society to live comfortably. especially modern medicine.
understand: i HATE kyc and the government snooping in our business to the point they just hoover all info they can to store and analyze for "security/terrorism/etc" purposes even when its not currently useful. as they can always make some law in the future and look back at all that collected data to retroactively get you on some law that doesnt even exist right now.
look, i will mess with a lot of things but one entity i wont mess with is the irs. they have NO sense of humor. makes me glad i did not hide my btc gains even before the irs targeted it. call me a wimp but thats what we here in the USA need to do to exist in peace.
bleh.
In the USA you could mine to an address and never touch it.
I kyc everything fully transparent and I now did an LLC with buysolar. I had a schedule c but turning 65 and wanting to still work my accountant advised using an account with the business name on it for bitcointalk.
Thus the new account vs philipma1957. Thinking BTC is truly private and stealthy holds back its adoption as that is my opinion.
June 09, 2022, 08:01:21 AM
June 09, 2022, 07:57:47 AM
June 09, 2022, 07:47:33 AM
https://twitter.com/HODLneverSODL/status/1518134911244320769?s=20&t=PozrHTvYaRVD0Z9YoMGrdw
(I sent some sats to that shop lol. They are using a ln.tips address at that store... I bought a couple extra apples worth)
nice
June 09, 2022, 07:44:01 AM
Regulatory attacks are another potential threat—a big one. This post is already too long; and I need to analyze the Lummis bill carefully, before applauding her too much. Let’s just say, on a general note, I am concerned about the potential that legislation may draw Bitcoin into a regulatory quagmire, while tossing Bitcoiners a bone with some obvious things such as exempting small purchases from capital gains tax.
I agree with the general sentiment of your above abridged tome, and will also be looking more carefully at the bill to the extent I can.
But maybe I am too easy to please, but I think the exemption for small purchases to be taxable is a very powerful little stinger when it comes to what this bill could mean. The ability to begin moving Bitcoin around for commerce without the tax encumbrance is an important change.
Think of it this way... You are an early bitcoinner in the US. You can now spend and replace your bitcoin for groceries and reduce your cap gains to zero at the time of purchase $200 at a time.
We need to catch up with Africa, after all.
https://twitter.com/HODLneverSODL/status/1518134911244320769?s=20&t=PozrHTvYaRVD0Z9YoMGrdw
(I sent some sats to that shop lol. They are using a ln.tips address at that store... I bought a couple extra apples worth)
June 09, 2022, 07:23:21 AM
BREAKING! Happening right now! Me not eating att Biltema.
That looks pretty good... Where is this restaurant? Perhaps inside a hardware store?
Seriously, though... I do not know what this Swedish french fry salad is, but I would order one!
June 09, 2022, 07:20:45 AM
Here's my DALL-E mini interpretation of "Biden Crazy Love Kisses"
You're welcome, internet.
Maybe I should NFT this shit.
You're welcome, internet.
Maybe I should NFT this shit.
You are welcome:
https://huggingface.co/spaces/dalle-mini/dalle-mini
Code:
Bitcoin sunrise
June 09, 2022, 07:15:44 AM
June 09, 2022, 07:01:26 AM
June 09, 2022, 06:42:09 AM
Rephrase what I said, according to its context: In the hypothetical event of a total ban, >99% of people here could be easily stopped from using Bitcoin.
for anyone of us in the USA (you know, land of the "free") a government ban would certainly stop almost all of us in their tracks. even if youre not kyc'd anywhere, use tor, decentralized exchanges etc i would wager they would find out anyway. maybe if you live totally off the grid and never go near civilization it could be done but thats not for me. call me a wimp or whatever, i need modern society to live comfortably. especially modern medicine.
understand: i HATE kyc and the government snooping in our business to the point they just hoover all info they can to store and analyze for "security/terrorism/etc" purposes even when its not currently useful. as they can always make some law in the future and look back at all that collected data to retroactively get you on some law that doesnt even exist right now.
look, i will mess with a lot of things but one entity i wont mess with is the irs. they have NO sense of humor. makes me glad i did not hide my btc gains even before the irs targeted it. call me a wimp but thats what we here in the USA need to do to exist in peace.
bleh.
June 09, 2022, 06:12:09 AM
seems 99% of us are not like anyone else here either judging by the many differing viewpoints that are discussed in this thread. only common denominator here is the only one of importance.. we agree bitcoin is the future. all else pales in comparison.
True enough.
Rephrase what I said, according to its context: In the hypothetical event of a total ban, >99% of people here could be easily stopped from using Bitcoin.
If the ban were global (or even just covered the strategically most powerful jurisdictions), the rest of us could then have fun anonymously trading encrypted virtual pizza NFTs for bitcoins—since the market as we now know it would cease to exist.
I urge people to stop blowing off the threats of anything from regulatory attacks on use and trading of Bitcoin, to restrictions on mining, to (less likely, but still possible) widespread bans.
phil, why bother with the vest? Don’t worry. You can’t get shot, because it’s illegal for criminals to have guns.
June 09, 2022, 06:04:29 AM
Quote
Something is fundamentally different about current halving's "bear market".
https://twitter.com/therationalroot/status/1534509161635106816
Might be a reason:
"BTC in "dark pools" appear as illiquid on-chain, despite being traded."
https://twitter.com/BTC_Archive/status/1534509772086595584
June 09, 2022, 06:01:23 AM
June 09, 2022, 05:56:28 AM
>99% of WO hatters are not me, and not anything like me.
Why you gotta be like that?
seems 99% of us are not like anyone else here either judging by the many differing viewpoints that are discussed in this thread. only common denominator here is the only one of importance.. we agree bitcoin is the future. all else pales in comparison.
June 09, 2022, 05:03:54 AM
Buddy you are boting me. 
edit: auto correct is punking me I meant boring not boting
edit: auto correct is punking me I meant boring not boting
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