Quote from: transabox on May 05, 2017, 05:56:01 PM

Quote from: jjacob on May 05, 2017, 03:12:54 PM

Quote from: 2017Bubble on May 05, 2017, 01:34:34 AM

~~Sell dope~~
Swap cash to btc
Buy mining farm with btc
Doesnt mattern if its break even
Enjoy white money
Pay tax on new white money

Is it really that simple?

Swapping cash with BTC is not easy. If you want to buy sizable amounts of bitcoins, you need to go to an exchange. Exchanges ask you to complete KYC formalities. Now, the IRS will have your entire history.

In some countries, you can buy bitcoins anonymously. Nobody will know about your purchase and even more so do not get to know the government organizations. The scheme though and is simple but not very legal

If it was indeed possible, I would suggest people should just convert their cash into bitcoins and hold. Makes much more sense than buying a mining farm and burning your bitcoins.