Post
Topic
Board Altcoin Discussion
Re: r0ach's Cryptomarkets Watch & Scamcoin Observer
by
iamnotback
on 26/06/2016, 11:40:43 UTC

If Bitcoin accomplishes it's intended goal, you win.  If Bitcoin is somehow co-opted by a world government, you're now front running the government and still win with 10,000x more resources to attempt to accomplish whatever it is you wanted to do before.  Bitcoin never shipped with a label that says "100% guaranteed to prevent an authoritarian world government from forming that will kill everyone".

This is why Bitcoin is a near zero risk investment with an enormous profit potential.

What use is profit if every transaction you can make requires a digital tax id. And the protocol has been modified (by the fact that majority control is held by mining farms who are necessarily beholden to government edicts) to withhold the necessary tax automatically. And it turns out that your 10,000X gains place you into the wealth tax bracket, which is taxed at 90%. And since you can't prove your coins weren't involved in various criminal activities at some point before you acquired them, they've been locked pending review by the world bank crimes against humanity division pending further review (which currently has a 3 year queue and growing).

Without a permissionless, decentralized block chain, you might as well just be depositing your money at Bear Stearns.