Quote from: aminorex on March 22, 2014, 12:38:30 AM

Quote from: AnonyMint on March 21, 2014, 11:44:14 PM

who can use a daily currency that is taxed for capital gains on every spend.

That question makes no sense to me as a U.S. tax payer. Given a choice between holding my spending money in a form which loses value costs me much more than does holding it in a form which gains value, regardless of whether the gains are taxed.

1. The hassle of recording and paying tax for numerous daily tidbit transactions is far outweighed by the insignificant value loss of holding $500 in your checking account (exhibit my prior post that average Dogecoin holding is claimed to be $430 per user).

2. You are not thinking like the masses who are not the rich precisely because they don't have a lot of savings to invest. And thus they don't have the same priority set as you. But you as an investor in what you want them to use, need to think like them to understand this investment.

I saw this within my initial study of Bitcoin yet Risto (and you?) apparently haven't registered this in your consciousness yet after years of being invested.

The wildcard is if there could be an application (other than investing) that targeted the rich demographic which is investing in Bitcoin. Well that is...anonymity. They will need it to survive what is coming! And Bitcoin doesn't have it.

Quote from: aminorex on March 22, 2014, 12:38:30 AM

Applying the criteria of logical coherence which you impose upon those you disagree with, I should therefore conclude that you are incapable of competent cognition and should be ignored.

Of course that criterion is a ludicrous one, but I thought it might be helpful to you if I pointed that out.

You just proved my point.

Quote from: AnonyMint on March 22, 2014, 01:16:27 AM

The person's of interest will be those who coins which are not showing up in their database as having paid the tax. Via regulation of exchanges, they will know which coins they don't know about.

You going to Wifi won't stop them from drag-netting a person of interest. If too many people are using Wifi to avoid detection, the government will make it illegal to run a Wifi without identification registration. I think this may already be the case in some places in Europe, e.g. London.

1000 or 10,000 high profile prosecutions of those who don't comply, will scare the rest into complying.

I don't know why you naive can't grasp that they don't need to go after every single person, because most people would rather comply than be ass raped in jail.

Also since we were talking about an equitable restitution for massive illegal activity and theft on the mixed funds in the coins, this means the poorer are going to be benefiting from a tax to create an FDIC and then a blacklist on stolen coins (which can be enforced very easily...but I am not going to tell you how). So the middle-class (they are coming poorer) will comply.

This notion that 1 million people can get insanely rich while the middle-class get insanely poor doesn't make any sense. The middle-class will comply when the government promises to ass rape those 1 million nerds.

Bottom line: the government isn't going to give up its power over money, nor is the middle-class going to be able to help you defeat the government.

mo·rass
məˈras,mô-/
noun
noun: morass

1.
a complicated or confused situation

clusterfuck

A chaotic situation where everything seems to go wrong. It is often caused by incompetence, communication failure, or a complex environment; To fuck (something) up, to make a total mess of