Quote from: philipma1957 on April 15, 2024, 10:46:17 PM

Quote from: LoyceV on April 15, 2024, 09:25:06 AM

Quote from: Poker Player on April 14, 2024, 06:18:07 PM

I remember years ago there was an EU project to require every user to identify themselves to access online social networks that could include forums, and theymos said something like that he was not going to pay any attention if a "Bolshevik" EU requirement came for that.

You mean this statement: I intend to ignore all stupidity coming out of the EUSSR?

Quote

In view of what's happened recently, I am not so sure what he would do now if such a requirement came, especially from the USA.

You can't really expect theymos to break the law. This comes to mind:

Quote from: theymos on December 01, 2023, 02:01:03 PM

Maybe Bitcoin will be banned in the US someday, and then I'll have to either shut down bitcointalk.org or find a way of moving it to some remaining territory of freedom in the world. That's the problem with centralized forums. I wish that more work was being done on creating decentralized, uncensorable, but also usable forums. I would love nothing more than to be able to shut down bitcointalk.org due to some decentralized solution making it obsolete. Find me a 501(c)(3) nonprofit working on this, and I'll donate to it.

Quote from: philipma1957 on April 15, 2024, 02:09:23 AM

it is federal law and is a felony to receive 10000 usd worth of any crypto without reporting full kyc to the feds.

That sounds like an impossible law to follow. You have a Bitcoin address in your profile. Anyone can send you $15000, and you'll have no way to find out who it was. Then what? It's the digital equivalent of throwing a pile of money in the mailbox of a random house.

yep and you have two weeks to fill out the form and send it in to the IRS.

If you do not do it you did a felony. If you report the funds and list the sender as unknown no one know what will happen.

Here is a pool

https://pool.laurentiapool.org/#/miners

I mine here but I know he is usa based and I have pruchased 100000 worth of gear from him. So I point a miner there as I will be able to do a proper form.

here is or was my main pool

https://www.viabtc.com/

I shut my mining down because I am not sure how to comply with the law if I mine 20k a month and split 4 ways with my partners.

I don't know if viabtc will give me all the info I need to comply.

So I turned off 150000 usd in gear and I am selling it on eBay piece by piece.

The law is fucked up.

I no longer mine here

https://solo.ckpool.org

as I may not be able to comply if I hit a block.

So Satoshi is a criminal for hitting multiple 50 BTC blocks and not submitting KYC... Roll Eyes

The most ironic fact here is that the state indirectly admits that BTC has some (inherent) value.

10k worth of BTC isn't worth... zero, as no-coiners would love you to believe (reminds me of "The Fox and the Grapes" by Aesop). Cheesy

Deep inside their (depressed?) soul they know BTC is worth a lot... Wink

the market has put a price on it, even if it fluctuates on a daily basis.