Topic: With FACTA going into affect in 2014, people will be fleeing to Bitcoin (Read 4409 times)

It only makes business sense with the other world markets now opening up.
If the costs are great to administer vs the value the client may have given.

However bassed on the request that all businesses and governments world wide be responsible to the success of this emerging technology sector Recommendations made before the senate concerning cryto-currency and how not to make drastic policies that would take it "off our shores" and our of our reach.

The only alternative is to be homeless and live on Public lands in tents, but even that is likely to be made criminal.

Man this site made me frustrated, then angry and happy.  thanks for the OP for the post. 

If it is now considered being greedy if one prefers to not be taxed by a parasitic government then call me greedy and what every else you can come up with.

Larken & Co FTW!

Yup, some of us that lost thousands of XBT -- millions of USD -- in the BTCST Ponzi, sat back and let the so-called authorities handle the theft. We could have traveled to TX, kidnapped Shavers (pirate@40), tied him to a chair, applied a c-clamp to his knee, and tightened it a quarter-turn every two minutes 'till he spit out his private keys.

But that would have likely landed _us_ -- the defrauded victims -- in jail for a protracted period.

Instead, Trendon is currently a free man.

Tell me about your so-called 'justice' again?

It's not hypocrisy, it's self-preservation.

yes, i'll enjoy paying my taxes for your shitty pothole roads and clean streets that i never use, and taxes for bombs to kill all those little kids overseas that never meant me any harm.  taxation is theft.  like others have said above, if you enjoy your taxes so much, feel
free to give away all that bratty money you hate so much.

That's actually a tax that's done correctly and is quite enforcable even in the world of bitcoins.  If you want to drive, you have to buy license plate tags and gasoline.  Both of those things are taxed and goes towards road maintanince.  If you don't drive, you don't pay those taxes.

The type of tax that I'm against is when they take a huge cut out of my paycheck for social security that is going to be bankrupt before I would be eligible to take advantage of it, a massive military to wage wars on the other side of the world, and a prison system housing millions of non-violent drug offenders.  It's for those reasons that I'm glad we now have a way for the first time to take money out of the sole control of the government and give it to the people.

Thank you everyone for thoroughly bunking - no, outright smashing - rather, absolutely OBLITERATING the classic statist "MUH ROADS..." argument that was made on the previous page.

It gives me faith in humanity to see so many people in one place who "know their shit."

 

Keep fitin the good fite.

Bless Satoshi.

Our trash is private, the streets in our community are private, so there plainly is an alternative to taxes.  You just have to think about them.  The statists have you brainwashed.

great point.

First let me say, I'm a huge supporter of social programs.  It's the one thing I think government should be doing, since nobody else will and I believe in taking care of ones neighbor. In addition to basic infrastructure and all that.  That's all a given.  However, I think you have a fundamental misunderstanding of taxes.  Most of the taxes don't go to any of the stuff you've described.  You know where it goes?  It goes to pay the interest on the debt that is created out of thin air and sold to the banks.  Also known as treasury bonds.  The IRS enforces this corruption by collecting, by force, the gains for the capital holders.  You know, the wealthy elite who own the banks and thus own the government because they buy the Treasury bonds, with an expectation of interest on capital.  

"Borrower is a slave to the lender."

Since the government is in debt to the banks, the government is the banks slave and thus, will do whatever the banks tell them to do.  If you found your way to Bitcoin, that means there is hope for you.  Doesn't mean you have to be a delusional uber-bull, Libertarian or any other stupid title.  But it does mean you're going to have to learn for yourself, the truth behind the banks, the government, the IRS and how money is created in the first place.  I'll give you a hint, most of it's not coming off printing presses.  

To the OP...I'm not sure this is going to cause people to "flee" into Bitcoin.  Bitcoin exchanges are increasingly adding verification requirements and continue to show a willingness to comply with regulations.  Kind of defeats the purpose of "tax haven" if you've given up all your personal info.

Oh, look! Another person conflating government with society!  

The bolded part speaks volume about the level of your imagination and nothing about reality.

Also this made me laugh a lot:


Aren't we all ungrateful for not appreciating all the great stuff they're forcing on us? 

FATCA will forever be known as FATCAT, as it serves them well.

Every road in my area has been paid for by the gas drilling companies, not the government.  We don't have street cleaners, and local residents take care of downed trees.  Even if the government did do all of those things for us, they still also spend the vast majority of their money murdering people, so fuck them.

I have been scammed, and I didn't go crying to an authority.  I sucked it up, learned my lesson, and moved on.

The sad part about pick up and leave is I can't escape the reach of my government no matter where I go.  I get certain protections (like being safe from drones, for now) by staying.  You might have a point that protection is worth paying for, but I would also be paying for the drones and missiles.

To those who equate following the law with being an honorable person, I suggest you go pick up and read a book or two by a man named George Orwell.  Or if reading is not your thing, then have a look at this web site instead:  http://www.josietheoutlaw.com/

For the rest of you, you may want to take a look as well and consider whether they are worth supporting.

Your mind is heavily washed. Big Brother always say all their actions are vital. Like inquisition when people were burned in the name of God, like Nazi regime when Jews were legally taxed to death for the prosperity of the nation.
Click on my signature and learn how people lost everything when they were "taxed" in Cyprus in name of European Union.

I escaped European financial prison and now I'm living at the place where all my income is not taxed at all. And I don't see anything wrong with public roads and infrastructure.

hahaha nice one 

Yes I like to have my cake and eat it. And come back for seconds.

+1

Imagine your buddies take you to Vegas and your best buddy hires a dominatrix for you and she ties you up to the bed and repeatedly punches you in the balls. He pays her $200 from your wallet and expects you to thank him for the hook up.

All of that stuff you said about what the government provides. Ya, we do not want those things. We repeatedly say we do not want it. We talk all the time about how much we do not want these government services over and over and over and over.

But you go ahead and vote for people who provide it, then you tell us that we are hypocrites for living in this society that provides all of this bullshit when we complain about being robbed to get punched in the nuts.

yeah, i think most people wouldn't complain if taxes weren't so exorbitantly high (and to top that off, they tax every fucking thing.. from income, capital gains, sales, property, VAT and whatever else). we don't need to spend trillions on defense. we don't need to spend $100 a box of markers.

the problem is that politicians and corporations use tax revenue for their own personal gain.. at the cost of the regular taxpayer.