Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | Fork for Masternode Payment
by
oblox
on 08/07/2014, 16:14:35 UTC
I'm about to set up a masternode and wanted to ask the guys that do have one:
How do you decouple yourself from your masternode?
My thought were that if the government finds out you have one, the IRS might be interested. They might even accuse you of money laundering or supporting El Qaeda...

Am I just being paranoid?


IMO as long as Darkcoin is mainly still underground and not a widely known Crypto thats not an issue. Gov is far behind imo in terms of legislation etc.

Nevertheless i had those thoughts too.



Privacy is not illegal!

and tax on earnings through mining or masternodes varies according to where you live. The IRS will go after you if you are caught not declaring income.


*DO NOT PAY TAXES, PERIOD* Every dollar and every vote you waste on the system is another vote/more funding towards your own oppression. Taxes = theft, so resist, rebel, do what you must but don't pay a penny.

That's all fine and dandy but tell that to the tax man when you get audited and have penalties on top of the original taxes due. Granted, this really only matters if you are converting to fiat where there is a clear trail. While no one enjoys paying taxes, I'll continue to do so because of the legalities behind it.