Quote from: Searing on June 24, 2019, 08:13:25 PM

Quote from: Biodom on June 24, 2019, 07:49:02 PM

Quote from: Searing on June 24, 2019, 07:31:44 PM

...a few reasons to just keep your stuff in cold storage (safety deposit box in my case) along with the segit info above.

Safety deposit box in a bank?
A historical reference:

FDR EO 6102
https://en.wikipedia.org/wiki/Executive_Order_6102

https://www.presidency.ucsb.edu/documents/executive-order-6102-requiring-gold-coin-gold-bullion-and-gold-certificates-be-delivered

Well, I figure by the time society/Gov't is after me and it is that far gone, it won't matter. I also figured that IF a meteorite takes out my bank, well the crypto gods hate me!

I 'suppose' I should make a copy to another bank in another state, in case of the 'Zombie Apocalypse'

What you state above, does not really matter in my case, in that when BTC was evil in 2013 my bank manager informed the SEC I was an 'evil crypto trader' in that in 2013

all BTC was for drugs/hookers/etc. Thus at least for 2 weeks going into the bank before the SEC guy phoned and had a meeting about this. I was a 'true' desperado with

all the side looks and side talk when I went to the bank to do my business. I cleared it all up with my mining CPA signed Tax Return of 2014, made the bank manager look

like an Idiot. Thus have been 'legal as hell' from that point on.

So I'm afraid the powers that be already have my number, in that I had to tag my bitcoin addresses etc to my

taxes (at least in my own files). Thus, doomed.

I will, however, let everyone else know when the above as you state happens so others can flee. Alas. My fate is likely sealed.

Brad

I am not talking about taxes, but an interesting story. I never used safety deposit box because i have no idea how safe it actually is (judging by the movies).

A somewhat unrelated "rant":
I think people under appreciate the difficulty (or maybe lack thereof?) of selling substantial $$ value of btc to fiat.
I intend to fully pay taxes (same Q) on whatever gains I would made when I sell, but transferring $$ from coinbase to a bank would probably require some talking to a banker first, I assume.
Bob opined before that there were no problem in his case (Gemini?), but I would approach it cautiously if and when the time comes (if ever).