Quote from: naufals4 on January 26, 2019, 12:01:16 PM

I think making regulations must pay taxes if we have bitcoin or cryptocurrency that is something that is not clear because the tax cannot recognize people who have cryptocurrency or not. if you are asked to pay taxes, then just say you don't have it.

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THIS

Quote from: romero121 on January 26, 2019, 02:23:19 PM

What's been mentioned in the Op is true. Government try to profit out of the cryptocurrencies. Governments just want money, they doesn't want the good in it. Already there are countries like Israel that has got its taxation on bitcoin. They've added bitcoin along with the gold and other commodities. Upon the holdings one has got they're asked to pay taxes, but this isn't that effective as governments cannot trace the holdings of cryptocurrency belonging to a person.

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THIS

Quote from: poptok1 on January 26, 2019, 12:15:58 PM

Quote from: audaciousbeing on January 26, 2019, 11:47:34 AM

Your post shows the ignorance -snip-

Disobedience is the true foundation of liberty. The obedient must be slaves.
― Henry David Thoreau

I don't think he was purposely ignorant, those are just views of somebody that was given a chance to have and make them in to reality. That was the whole point of crypto wasn't it? To give us true financial independence. No one can be ostracized for utilizing that built in feature of cryptocurrency's technology.

Quod timet servit. (those in fear are slaves)
―Seneca the Younger

This brave fellow is just saying what you all* are only dreaming of!
Some members above already have implied and actively called for group responsibility...
You know that this is one way ticket, one way ticket to world totalitarian government, called nwo.

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And THIS

I 'll try to answer to most of your comments here.

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1) Paying taxes for helping your place to develop
These types of comments deserve a big Facepalm.
When you go back home tired from work, please relax on your couch and watch this classic that pretty much everybody knows of: Zeitgeist.
https://www.youtube.com/watch?v=pTbIu8Zeqp0&t=5776s
https://www.youtube.com/watch?v=HbvCxMfcKv4

You will learn a lot of things from that, for example that the taxes and the fractional reserve are big scams.

We will be turned into slaves more and more year by year.
The real development and scientific research gets hindered and slowed down by them.
They definitely spend most of our money for less legit purposes than "development" or "your well being".

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2) Cashing out to my bank account ( ... really? )

Some of you are incorrectly assuming that you MUST convert crypto into bank savings... why must you? There are many ways to cash-out, mostly anonymous:

- Restaurants/Shops/Services that directly accept crypto, are spreading out, even though at a slow pace

- Exchange crypto for cash by meeting with other people in your city (i.e. over-the-counter, LocalBitcoins, etc.).
Hint: check the banknotes' validity with something like this https://www.amazon.com/Dri-Mark-Counterfeit-Detection-Watermark/dp/B07F6PW69G

- [Caution with this] Get a crypto-enabled credit card like WirexApp , and cash out just a tiny amount of money at a time on it, just for small purchases at the moment you need to buy something. This is a handy way of cashing out, but it's traceable. Cash out a VERY limited amount per year in this way.

- Yeah, convert crypto into bank savings, but at a bank in a tax heaven so at least you pay very little taxes. Don't be a fool like some guy that keeps his bank reports at home, so that the dogs have the proof on a silverplate... ( some guys got caught for this naive move ).

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3) Going to jail
If there's no proof, there's no jail for you.
Do you want additional safety?
- Withdraw BTC from the exchange to your BTC wallet
- Create a new BTC wallet, and move all your coins there

Why?
In this way, there is a proof on the blockchain that you moved all your BTC to another person (which is you, but there's no evidence, it can be anyone).
So it's like you have "cleaned" your coins from your name

What is the advantage?

They want to tax you on the FIAT money that you moved on the exchange for buying the coins, AND on the additional earnings you got from an eventual
price rise if they know you hold the coins for, say, 2 years, and the price went up by 500%.

But if you followed the 2 smart moves listed above, you proved that you gave all your coins to another person right after you bought them, so there's no earning to be taxed due to the coins' value increase.
Thus, you will only pay the taxes for the FIAT money that you spent for buying BTC
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