Quote from: bitserve on February 21, 2020, 01:22:46 AM

Quote from: Ibian on February 21, 2020, 01:17:03 AM

Quote from: bitserve on February 21, 2020, 12:35:45 AM

Quote from: Hueristic on February 21, 2020, 12:32:40 AM

Quote from: bitserve on February 21, 2020, 12:12:15 AM

Quote from: Vin on February 20, 2020, 11:58:48 PM

Quote from: bitserve on February 20, 2020, 11:55:19 PM

https://www.libremercado.com/2020-02-20/gobierno-criptomonedas-limite-bitcoiin-1276652560/

Thank you very much.
Not a good sign.

Not at all. I am very pissed atm. But I knew that had to happen. I just thought crypto was still minor enough to not warrant that kind of new rules. I guess adoption is already reaching levels where they think they need to use the "tools" at their disposal.

Governments would never let everyone go and switch to a different kind of asset they can't control in some way. Making kind of "ilegal" to have "hidden assets" (unreported to them) they secure they can control the flow (and taxable events) of those.

Also, this is what happens when a radical left wing alliance takes over the government as it has happened in Spain: The horror.

Fucking communists.

That is why we need the infrastructure in place to bypass them completely.

Working with institutions is only going to lead to more of the same.

Bypass governments? Near 100% habitable land on earth is already government controlled. At the most you can choose which one do you prefer to live under...

The one that only takes 20% of my corns at most. So not one of the western ones.

Most western countries "only" take "around" 20%. Some even less.

Tbh I am more ok with paying that tax when I do sell than with the obligation to report my "hodlings". That REALLY pisses me off. I don't want them to fucking know how much (or how little) BTC I do have! What's next? Be forced to let them "custody" it for me so that I don't have a boating accident in the future?

No they don't. In my country we are taxed at over 80%. No tax on bitcoin yet, but there will be, and I expect it to be something like 60%.