BREAKING GOING FULL 1984 ON BITCOIN AND ASSETS

>>60901421
Oh, and on top of civil asset forfeiture penalties, there are also criminal penalties.

Right now according to current law they can imprison you for up to FIVE YEARS for not filling out the form. Five years.

But apparently that doesn’t go far enough so this bill aims to double the criminal penalty to TEN years in prison.

Further, their bill wants to pull any business which “issues” cryptocurrency under the anti-money laundering regulatory umbrella.

Here’s where these people demonstrate that they have no idea what they’re talking about.

No one “issues” Bitcoin. There’s no Bitcoin central bank. There’s no Chairman of Bitcoin who decides on a whim to increase the supply.

Bitcoin is created automatically amounts that are predetermined by its code. It’s software.

So the Senate is essentially trying to force the Bitcoin core software to comply with money laundering regulations.

The bill also attempts to drop a major bomb on Bitcoin by including it in the list of monetary instruments that must be reported when entering or leaving the US.

>CALL YOUR CONGRESS MEN
I would but they're being shot atm

>>60901421
>/pol/ will defend this

>bill that makes money illegal
This has no chance of passing.

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>blaming fiat and secure technology on your problems while still bowing down to muslims
holy lol americans are funny

Seriously though, you have no justifiable reason to hoard over $10,000 in cash assets without wanting the government to know about it.

Are you money laundering?

>>60901535
That's the UK

>>60901577
It's not illegal to have a lot of money. There's no crime committed just from having a lot of money on you. There's actually no reason I need to justify why this shouldn't be a crime but for example some (rich) people buy cars or houses in cash to avoid owing money to someone and having to pay interest. If the police stop you on the way to buy a car or house in cash you believe they should be able to take your money without due process?

>>60901517
>bill that makes money illegal
No, no, anon. It makes CASH and non government issued currency illegal. This is about control. That why OP said 1984. They want you to keeping spending like the little economy battery you are, they just want to watch and control every expenditure.

>>60901577
>Defending statists
ishiggydiggy

>>60901577
consider suicide

>>60901643
Do you think rich people drive around with hundreds of thousands of dollars in cash looking to buy property?

Not only is cash extremely cumbersome to deal with in large amounts, you're opening yourself up to theft, nobody pays for things in cash like this.

>>60901577
Kill yourself

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>>60901421
>issue fiat currency
>forbid you from carrying said fiat currency

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How could you ever enforce it?

>>60901744
luck of the draw

If their plan is to get rid of anonymous transactions, why don't they just ban money?

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I'VE BEEN SAYING THIS FOR YEARS AND 'MURRICUNTS MOCKED ME. THE GOVERNMENT WILL OUTLAW AND SEIZE PRIVATE PROPERTY IN THE NAME OF SECURITY AND ANTI-TERRORISM.
USA IS GOING TO BE AN AUTHORITARIAN TECHNOCRAT STATE BY 2020.
I WAS RIGHT ALL ALONG. FUCK YOU.

>>60901577
You've got that the wrong way around. The government has no justifiable reason to know how much cash I have.

>>60901790
I thought /g/ wanted a technocratic government so non whites and women would stop taking our jobs and have no authority.

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>lived long enough to see a capitalist country start invading private property
I really didn't think this day would come

>>60901720
Not really but there's no reason they can't.

I see this affecting poor people the most. They tend to need to carry cash with them because they may not be edible for a loan(have to sell off assets for quick cash) or be able to afford a deposit box at a bank.

>>60901421
Stop spamming. You're so hilariously wrong about the assumptions you're making.

>>60901908
Fuck off shill

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Looks like the dream is dead boys. We will be the last to understand freedom.

>>60901893
>edible
eligible*

lol

So assuming what OP says about the bill is true then that's absolutely ridiculous. People should riot and lynch the people who write such crazy bills. Seriously what is it with the government constantly craving for more power? What exactly is the end goal of these governments?

>>60901655
>using non-official shekels
BAD GOY

>>60901962
Power, cult of personality, respect, ect

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THEY CAN'T KEEP GETTING AWAY WITH IT

>>60901421
It's already required to report all this. Last November when I was in the States, I was searched right before I borded the plane. I had about $8500 on me, but it wasn't a big deal. They wanted to know how I got it and I told them working a job. Pulled up my bank account balance on my phone, and they STFU pretty quickly.

itt people who don't know the difference between "cash money" and "fiat currency".

>>60902094
Shut the fuck up you authoritarian cuck.

>>60901421
>CALL YOUR CONGRESS MEN AND SENATORS TO
... to make sure you are put on the watch list.

>>60902104
The american dollar is fiat currency.

>>60902154
Name a country that does not have monetary controls or regulations on a international border.

>>60902201
Yes, but cash money is just one form of it, and not very significant one at the time, limiting cash circulation doesn't mean limiting the currency's curculation.

>>60901421
Reality is becoming a Cyberpunk dystopia right in front of our eyes. It's kind of exciting

>>60901421
I am ok with this.
If you are not, you're clearly a terrorist or a criminal.

>not even bait

damn america, I thought your slogan was "We The People" and now your corporate overlords have full control over your lives and you let it happen. you can't even shitpost privately without the feds busting down your door

>>60901421
Thank god, now cryptofaggots will have to get a job and l can finally buy a video card, based congress.

>>60901421
Why should I have to pay taxes on my earnings, and cryptofags don't? Fuck 'em.

>>60901793
They need to track your income so it can be audited to ensure you're paying taxes properly; it's not complicated. Are you retarded?

>>60902316
>taxation
>legitimate

>>60901421
This makes sense to me.

>>60902298
Why are you sitting in your tax hole and complaining that coinfags are better than you? Climb out, do some mining and trading.

Captcha: makike leland

>>60902316
Riiiiight, this'll totally stop those dirty billionaires with all their money in the cayman islands, swiss banks, and Irish Tax havens.

>>60902349
The implication wasn't they are better, but if we both have cash and securities sitting around earning interest, or increasing in value, why should I be penalized, and they have to pay nothing?

>>60901421
They're literally just amending the current laws to cover laundering of currency in the new forms that have come about in recent years, like digital currencies.

Which is completely reasonable because that is how people are laundering money now.

>>60901421
HAHAHAHHAHAHAHAHHHAHA

ENJOY YOUR GOP GOVERNMENT YOU ENORMOUS FAGGOTS!!!! HAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAH

>>60902410
Fuck of statist. We libertarian anarchist nao

>>60902405
Try again, but like an adult this time.

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>britbong government bans encryption because durkadurks stole a van and bought steak knives at tesco
>wew lad good thing brexit saved you though
>ameriburgers laughing at them for this, chortling calls of "MUH FREEDUMBZ" between mouhtfuls of corn syrup and hot dogs
>now this, and ameriburgers will allow it because "making dem librulz mad" is a higher priority than preserving their own freedom

sure does feel good to be in literally the last place in the world where citizens rights are defended and upheld

>but.. but... duh mooslumz...
>there's sharia law right???? i saw it on paul joseph watson's twitter
>muh burocracies...
>c... c... cucks...
>hope you enjoy ahmed raping your wife!!!! LOL MEMED! REDPILLED! BTFO'D!!! IF I SAY IT ENOUGH IT BECOMES TRUE!!!

this is what happens when people value symbols of freedom over freedom itself

>>60902429
Are you a bot?

>>60902429

Freedom is just liberal propaganda. The government knows what's best for me as long as they're republican.

>>60902405
And what pinnacle of society country do you live in?

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>>60902429
So the EU does not require you to declare anything over €10k?

Government is becoming too powerful. They are demonstrably corrupt and abusive.They are rapidly erroding the right to posses or aquire new wealth.The old wealth has realized the worlds resources are limited and as a result,are doing their best to hoard them for themselves. The death tax is a prime example of this. Fight it now,or there will be no future or reason to live.

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>>60902429
>sure does feel good to be in literally the last place in the world where citizens rights are defended and upheld
>EU Flag

>>60902424
I belIeve in classical liberalism, which is what conservatives are.

>>60902316

They have been doing that since the 1940s. Are you retarded?

The Fed printed $16T and gave it to Europe - right about the time they were literally confiscating bank accounts and halting withdrawals to keep people from stopping it.

Income taxes don't pay for anything other than our (((interest))) to the Fed anyway, so they can go fuck themselves.

I seriously hope it becomes (((law))), so that we can all fucking ignore it. The more laws people brazenly ignore, the more the culture shifts away from giving a shit what our (((leaders))) think.

>>60902393
Let me phrase it better: Why are you letting yourself get penalized when there's a better option?
>>60902474
You forgot to mention that water is wet, the sun rises in the east and sets in the west

>>60902211
any EU country bordering only with other EU country

Does /pol/ know about this?

This shit is why I'm moving to Texas. Fuck these pansy ass states.

>>60902429
>mouhtfuls of corn syrup and hot dogs
>now this, and ameriburgers will allow it because "making dem librulz mad" is a higher priority than preserving their own freedom
That is /pol/ official plan, they would accept being forced to wear a tracking collar that comes with an ability to give a mild electric shock if they thought it would trigger libruals.

>>60902504

>((()))

You seem like an intelligent, reasonable individual.

>>60902538

I'm as /pol/ as they come, and fuck all that noise. Most of us are libertarians, no matter what the nazifaggots tell you.

>>60902513
>You forgot to mention
But those things aren't disgusting and wrong.I'm sure government will find a way to ruin them eventually, though.

>>60902258
>be old
>be pretty well-off
>not trusting Jews
>go buy a new car
>cops do a random search
>100k on you
>government confiscates all your assets
>get 10 years
>die from heart attack when reaching for the soap
AMERICA FUCK YEAH!1!

>>60902556

Must be nice having your mommy pay your taxes (and everything else) for you.

>>60901502
I don't think anyone can defend this senpai, is just too fucking crazy

>americucks
I can't stop laughing

>>60902515
That's funny, I was asked when I came home from the US. Seems you may be mis-informed.

>>60902535

>i can ignore federal law if i move to a different state

no

>>60901517
It worked in India, Philippines and a few other countries

>>60902579

What? All I was doing was complimenting you. There is no need to be upset.

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>>60902610
>USA is in the EU now

>>60901535
>Confusing the US with the UK

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>>60901421
i totally thought congress.gov's favicon was the eye of providence on that pyramid for a second

>>60902638
I worked in the US for 2.5 months. I brought alot of cash back. Dibp asked, I answered.

>>60902594
I will defend this so I can buy ETH cheap when everyone panic sells ;)

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this will pass

all they have to do is name it "the all-american cowboy patriot ultra-bigass freedom & liberty act" and tell americans that they need it to keep them safe from duh mooslums

>>60901577
Remember that time the fed went around seizing everyone's gold?
Pepperidge Farm remembers.

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>>60902667
>flight from USA is a EU/EU border now

>>60902535
>Texas
Mexico is beginning to sound pretty good these days,desu.

>>60901577
The government can seize gold and silver in times of national crisis. So for people investing in gold or silver in case of a dollar crash, having to tell the government exactly how much you have is pretty much just telling them where to come and collect if things go south.

>>60901517
This bill is outrageous on purpose

>>60902682
There is no pact between the EU and US like member states.

>>60902620
>India
>cashless
Go to bed, Narendra. You may have exchanged our counterfeit 500/1000 bills for 100 bills, but we're not cashless yet. I'll genuinely kill myself the day India goes full card based.

You don't even need to carry over $10,000.
If they suspect that you're constantly transporting less than $10,000 to skirt the legal minimum for avoiding reporting it to the government, they can take it under the same law and throw you in jail anyway.

https://www.washingtonpost.com/news/wonk/wp/2015/05/15/how-the-irs-seized-a-north-carolina-businessmans-life-savings-without-ever-charging-him-with-a-crime/

Global trends.

>>60902674
>to keep them safe from duh mooslums
The very same Muslims they insist on letting in.I see a pattern developing here...

>>60902727
Misquote?

>>60902754
No, there is nothing at all like the common market we enjoy. They do have a collection of states that is similar.

>>60902778
Go up comment chain and tell me how is it relevant.

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>land of the free
lmaoing @ your life ameriniggers

>>60902750
That government creates dangers, or overhypes small dangers, or invents completely imaginary dangers, just to scare people so that they can justify trying to seize more power?

You don't say. That's the essential nature of a government. It's why you should never trust them, and should oppose them at pretty much every turn.

>>60902732
Wow one case out of 77 million tourists a year. Was probably a drug dealer anyway. Who couldn't prove how they earned money, especially that much?

>>60902790
The EU has these same, or extremely similar restrictions on currency, fiat, and securities. NBD.

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>>60902578

>>60902793
Agreed. It's that samelogic that freedus from Bongistan.

>>60901421
Bitcoin / alt-coins must be taxable.

Trump is stopping terrorism.

All hail the God-Emperor

>>60902278
I lold, nvidia and amd stock down 50% next

>>60902855
>Trump is stopping terrorism.
By signing that $300billion arms deal with the two-faced Saudis? We've been scammed,son.

>>60901502
>/pol/
Leddit is arguing over whether to blame democrats or republicans. Some are supporting it and others are not.

>>60902826
Question was >>60902211
>Name a country that does not have monetary controls or regulations on a international border.
Answer was: any EU country (on a EU/EU border)
Not sure why such a long comment chain ensued.
inb4
>merely pretending

>>60902899
The EU is not a country.

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>>60902578

Burner phones = drug dealer

Large Cash = drug dealing / criminality

Bitcoin = drugs and cryptolocker extortion

Gift cards = who cares

>>60902895
Taxation is funding terrorism, in the form of military aid and interventions in the Middle East. Bit/altcoins must be made impossible to tax so as to deprive the world's largest terrorist organization, the U.S. Government, of its funding.

8 years faggots lmao

>>60902928
Truth.

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>>60902919
Once again:
>>Name a country that does not have monetary controls or regulations on a international border.
On any EU/EU border e.g. Polish/German border you have no monetary control.

>>60902922
Well it's the fundamental problem with ANY anon tech, crypto good or evil will draw all the opportunists, same with untraceable cash, phones, pistols whatever. And in each case the only answer to the refrain " how do we stop this???" Is tracking and remove freedoms so we can audit it was only used for good then privatize and sell that audit data for $$$ - how anon is anon anymore? 20 years until private convo illegal without logs

>>60902979
And once you leave your walled garden?

>>60901655
>non government issued currency
Since when did the US government issue or guarantee currency?
>>60901421
Do you really think this is new? Have you really not seen this coming? Don't US public school's History classes discuss Shaw's "Rebellion" anymore? How about Civics? Did you know the US Constitution forbids the government from supporting any franchise of currency (beyond, I suppose, technically giving Federal Reserve Notes value by accepting them as payment for Income and Property Taxes, etc.) and specifically authorizes ANY issuing body (your own damn fault if your currency of choice becomes worthless...which is why your personal worth and property is specifically calculated in EQUIVALENT to US dollars, and you can't hide assets by having them in "foreign currencies" only in non-reporting accounts)...BUT every damn year, some group gets shut-down hard for having "coupons" that too many consumers start swapping for other goods and services. The US of A has fought several things that used to be called WARS to prevent this sort of "natural economy!"
Anyone remember the last North American recession, when local communities started training local currencies and NYC subway tokens? Moloch forbid we have the slums and ghettoes start investing in themselves!

This was overdue.
It is going to fail and a revised version will pass within two years, probably less, maybe piecemeal in a Budget and a few other Bills.

>>60903014
Iust answered the question he asked, I'm not even EU, just went on a trip there.

>>60903034
*I just

>>60901893
>>60901942

>poor people become edible just to get a much needed loan

You were right the first time. You're only a few years early.
"My kid needs the operation REALLY badly..."

>>60901577
Oh but you do have a very justifiable reason to hoard money.

I live in Sweden. They have been beta-testing this fascist control grid on money in Europe for quite a while.

If you show up at a bank here with 10000 SEK and want to deposit that then you're in for a whole lot of silly questions and idiotic requirements on documentation. And they are in no way reasonable. 10000 SEK is just $1146 which really isn't much.

So you go to the bank and try to deposit 12000. They ask you where you got it. I sold my car. So they ask for the bill of sale. You show them the bill of sale. You'd think that's good enough. But can you prove that you bought the car? And where did you get the money to buy the car?

I'm not the only one who tries to primarily deal in cash now and just avoid banks as much as possible - because it has seriously become way too much of a hassle to deal with those idiotic privacy-invading questions.

I know a lot of people who feel the same way. It's not about "illegal" money or "money laundering" or anything even remotely like that. It's simply about having to avoid spending hours and hours explaining where you got every single dime you've ever had to make what really is a rather small deposit.

Of course the Swedish regime decided to replace all the bills this year. I suspect they will do this regularly and frequently just to make sure that you can't hold cash for more than a few years.

>>60903088
So what happens if you can't reasonably prove that you legitimately got the money through some satisfactory explanation?
Do they just take it?

>>60902594
Some people will defend anything. I remember people defending the idea that mail sent via pigeon carrier is more secure than sending encrypted emails.

Anyone know if there's any truth to this? I was told banks here in the U.S. report any transaction, over six hundred dollars,to the IRS.

>>60902429
O B S E S S E D

>cucking people with cash

Fucking right when I decided to use cash for most of my transactions after having a new credit card reissued a SECOND time in a month because Chipotle got compromised and my card was stolen again because I bought a burrito in April

>>60903130
To be honest, it is in some ways.

>>60902515
Just in case you aren't familiar with travel: typically when travelling internationally, you need to forfeit information when going through customs to gain entry into the country. This can happen when you're returning home as well. For example, when travelling into the US, you need to tell them if you have more than $10k on your person or if you're bringing foreign seeds into the country. Domestic travel doesn't require you to give information like that, and the most that happened when I traveled within the EU was that the customs officer asked who I was staying with, where I was staying, who I was staying with, and to stamp my passport.

I'm not sure how they handle it when you're visiting a country for an extended period of time, but usually they ask how you're going to support yourself during your stay, so they might ask for bank statements for inter-EU travel as well. There are a lot of variables that affect what they ask you.

>>60903216
In other news, water is wet; I just answered the question asked by >>60902211 stop your sperging.

>>60903208
>Shoot carrier pigeon
>Obtain message that was not meant for you

>>60903237
Also, there's no customs on EU/EU borders, fuck off with this bait(? not even sure anymore)

>>60903245
>it's encypted
>you obtain nothing
But I more meant that it's harder to know who sends encrypted messages so you don't know who to interrogate.

>>60902258
>Introduce Bill outlawing sedition against the ruling Party.
>"If you are not OK with this, you are (now) a terrorist or criminal."

I see what you did there.
Funny how the people worried about tyrannical monarchies insisted that the highest foundational laws of the new republic include so many things that the new corporate feudalist government complex are now finding so inconvenient.

I, for one, feel so much more informed, now that the State Dept. is legally allowed to control independent domestic news reporting (only to deceive any foreign spies,of course) and feel much safer now that "anti-terrorist" action is no longer limited to fighting violence by other governments but can now focus more on preventing (disruptive) free enterprise and (financial) threats to (illegal under the Sherman Anti-Trust Act) corporate monopolies (if they are "vital to the economy"). It is wonderful that deceptive and outright inaccurate advertising is now "free speech" while factual statements that might promote competition among multinational fictional people are somehow "hate speech," we have finally learned that being truly progressive means securing a future for those currently on top. Why do we even need a federal Postal Service when UPS ships overnight?
I'm just so glad that we have finally gotten around to making sure that corporately extended credit will eventually completely replace private wealth for the average citizen, it is high time they learned that if you don't have a million dollars worth of assets, your role is to accumulate debt and pay off interest.
What bubble?

>>60901421

Less Whites = Less Rights

>>60903449
and then there is this fag

>>60902410
>because that is how people are laundering money now

Actually all my soldiers on the street do busness through trade in kind and clean their income through the State lottery, and large amounts of dollar income can be hidden through a small front business much easier than they could be if I were accepting large amounts of crypto with an authentication chain for some product or service that I didn't want to admit to.
Crypto tends to create a parallel ecconomy, that by its very nature is "grey," with no distinction between "legitimate" and "black market; it is a piss poor way to hide large transactions involving more visible mediums of exchange or tracked product, particularly seeing as the only guarantee of worth creates a "paper trail" for each unit, unlike dollars whose actual accumulation is inherently hideable, assuming you have expenses that aren't tracked.
Any sustainable restaurant can hide the majority of its net profit or loss, if it is measured in "pools" of dollars, so it is easy for a business to hide what its real business is. Crypto only makes it hard to figure out general trends in private barter between individuals, anyone in the chain doing substantial commerce can figure out who is paying who, and guess what for, it just hurts large scale "legitimate" money launderers who want to run the credit/interest game and have no way to muscle in to the new ecconomy.

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>Of all Western countries America is the first one to seize private property
interestingly ironic

>>60901421
>bitcoin is crashing because of this
kek

Is /biz/ any good? If I listen to them will I be broke in a few weeks?

>>60903921
that's kinda their meme, yes

>>60903124
have to pay for ahmad to fuck his wife somehow

>>60901421
>He (((invested))) in Bitcoin

Lol, you dumb cunts will NEVER learn.

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Chuck grassley is a dumbass.
At least this hasn't been passed in front of the president yet

>>60903921
They unironically consider betting on presidential elections to be safe and worthwhile investment opportunities. Yeah, they're smart guys.

>>60901421
Would there be any illegality in a rich person buying an entire town somewhere, building a bunch of stores, paying people to work at these stores in return for a free house (contractually obligated to forfeit the house back to the rich person should they want to move elsewhere), paying regular salaries but also handing out their own new currency that can be cashed in for equal value at the stores they own in the town, effectively making their own currency?

I mean, assuming the rich person can make enough money through other means (investments) to support a town of 100-200 people and do this, as long as they're paying the townsfolk regular currency for their employment in addition to letting them use this tax free currency to purchase goods at the stores, then there's nothing the government could say at the end of the day despite the fact they're not getting any tax revenue from the sales, correct?

>>60903802
>let all the air out of the bubble
>buy cheap GPUs from miners getting out
>mine yourself and wait for the next bubble

>>60904012
If said town was directly funding/propping up illegal activity/terrorism? Of course, and whether we like it or not, Bitcoin does support both of those activities.

>>60904012
This is literally an old fashioned mining town, where the company owns the entire town and all the stores and the employees are paid in company scrip or US dollars at a shitty exchange rate.

>>60904070
The idea is to revamp it for modern times
Factories to create goods manned by workers, those goods circulating in local stores only purchaseable with the new currency with a sales tax but no income tax, ie how it was before the banks started digging their hooks as deeply as they could.

After the initial investment in the startup, assuming you're only paying everyone who you can trick into living there something around minimum wage but offsetting it with much higher 'new currency' wage, the amount of taxes you'd have to pay the government would be next to nothing

>>60904054
>Bitcoin does support both of those activities.
So does cash. So do weapons. So do ideas and actions. A swimming pool contains half of the chemicals to produce a deadly gas. A vehicle can be used to kill people. When do we restore sanity anon? When do we accept that everything is dangerous under certain rare conditions?

>>60904070
Anon specified "regular currency" in addition to company store funbuxs.
Last time I saw this, there were vague aligations of pot dealers also accepting company funbux...then >>60904054

Ive been reading some 'tin foil hat' sites saying that the government would eventually aim to get rid of everything but digital currency... effectively making you only use easily traced and recorded financial transactions. Which can be broken down to telling exactly what your buying as well as possibly being able to restrict your right to purchase... Ammo, alcohol, firearms, prescription meds.. our government is wayy too over regulating EVERYTHING

>>60902429
>>60902429
https://youtube.com/watch?v=W10naYa-l6U
i-stayed-because-you-had-Single-Market bans Net Neutrality and Anonymity because royal family of allied nation finances IRL mixers for massively parallel killers.
Same corporate warlord finances two different warring parties telling the rest of the proles they need to pick a side.
Dumbcuck goes on fourchan and brags about how superior they are for buying "right twickz" rather than the deluded fools giving their money to "left twickz."

>>60902613
I like to see someone rob a Texan.

>>60901818
wrong board idiot

>>60904172
the dollar will be migrated to the blockchain. The average normie will not notice any difference, other than the fact that she cannot use cash anymore. But she hasn't used cash in years.

>>60904265
>she

>>60904273
>women are intelligent enough to know the difference between a cryptocurrency and regular bank transactions, or even what cryptocurrencies are to begin with

>>60901421
>SECTION TEN: technical amendment to restore wiretap authority...

>>60904273
the average normie is a woman, they make up the majority of the consumer market, and have a tendency to be good goyim.

Remember that women follow what they believe to be the status quo by default, they never develop critical thinking skills and generally are incompetent. Anyone who has been in close contact with them will attest so

>>60904172
Not only that, but they can effectively render you powerless without money. People seriously need to think before they allow society to become this. Mankind has a disturbing habit of dreaming up disturbing scenarios and pushing them to become self-fullfilling prophecies. Anyone remember the bible thumpers and their interpretations of "the mark of the beast"? I know people who would argue this until they're blue in the face,then in the same breath inhale this giant turd the politicians are pushing.

Wow, how surprising. Look how surprised I am.

>>60901421
I'm still fuzzy on the difference between "hawalas" any any bank that does currency exchange, besides formality and government approval, of course.

>>60901434
>The bill also attempts to drop a major bomb on Bitcoin by including it in the list of monetary instruments that must be reported when entering or leaving the US.
Do you have to own these monetary instruments or be importing them into the US? Like, do you have to declare it if you've got 20mil roubles stashed in a mattress in your summer house in Kazakhstan?

>>60902535
>Co-sponsor of the bill
>Sen. Cornyn, John [R-TX]*

Texas won't save you, retard. Cornyn and Cruz are scum.

THANKS TRUMP

Not even I could defend this shit.

>>60901421
You guys voted for Trump, this is what you get.
Fucking alt-right, gamergater retards.

>>60904370
>>60904368
you're right, Trump is clearly the one who wrote this!!!!!!111

>>60903399
Like /pol/ but with less xenophobia and race baiting

I kinda like it

>>60901421
comparing the section you highlighted and the current law it just looks like they're updating it for the 21st century

back to >>>/pol/

>>60901772
Who said they wouldn't?

>>60904256
>wrong board idiot
You can't fool me. I know /hm/ is a hetroPatriarchal plot to intimidate feminists excising their rights to use /hm/ with your dicpics, shitlord. I watch Fox News, not the MSM!

>>60904370
So the alt-right is now the whole of the Republican Party?

>>60904385
>>comparing the section you highlighted and the current law it just looks like they're updating it for the 21st century
Current law isn't acceptable either. We don't need to be updating financial surveillance, we need to be dismantling it.

>>60904398
What are you doing to change things?

>>60904398
then if the current law isn't acceptable why haven't we started it on that note instead of this blatantly manipulative clickbait OP that's autistically screeching over a few added definitions as switching into "full 1984 mode" (because 1984 is the only book you ever bothered tor read in high school?)

libertarian slacktivists deserve nothing but a rope around their necks

>>60904378
poor daddy trump

>>60904321
Having had all MY assets frozen while my (large corporate) bank was investigated, I can tell you this sucks. Money in the bank, no cash, no access to accounts, I was jobless and homeless inside of a week.

>>60904370
I prefer to believe Reddit is reponsible for this. I mean, /pol/ is largely harmless on their own, it's the shit they parrot from Reddit, that is truly cancerous. 4channers are typically about freedom ( we've defended free speech and like to point out hypocrisy). Reddits community is literally built on censorship and parroting for upvotes.

>>60904435
>he thinks /pol/ isn't an echo chamber for triggered anti-SJWs that shout down any opinion that doesn't agree with them

>>60904435
you're so wrong

>>60904432
Exactly. The stage is being set to destroy anyone they don't like.
1) They know where you are.
2) They know who you know.
3) They know your thoughts and beliefs.
4) They control your livelihood.
How are you going to stop them? Hillary supporters?
Trump supporters?
Bernie supporters?
You're now aware of the threat this is.

>>60904451
/pol/ relies on the silver tongued psuedo-intellectuals of Reddit for memes.
>>60904455
How so?

What's so bad about money laundering, anyway? If it's turned into "legitimate" money, then that means it gets taxed and can fund schools and shit. That's a good thing, isn't it?

>>60904602
>what's so bad about corruption, at least the corrupt teacher's union leadership will get a nice salary boost and I can buy drugs on the dark web and jerk off without feeling overly uncomfortable about it!

>>60904381
Legitimately can't have a conversation there these days without CTR trying to tell me "genetics is a (((plot))) to convince us Nazi dairy farmers that race anin't real" and "look at all these famous people who are litterly nazis, like us, who date outside their race." Xenophobia is the leading cause of ignorance, and race baiting is literally straight out of the Lynch Protocols for controlling the proles. The crap that is happening right now, while we watch the magician's other hand is much more important, and finance is the lifeblood of a civilization.
We honestly miss the horsefuckers.
>>60904397
Did you miss the news all this week?
>>60904370
Yup. 'Cause Trump was totally the Neo-Con candidate, that is why they all support him so much. They were just waiting to get their guy in office to start this crap which has never happened ever before. He totally fooled us by running on the same platform as the last guy, who totally didn't end up cutting a deal with the Neo-Cons, who we totally support, which is why we are called "Alternative," and the only way to support small business and fight globalization by corporate colonialist powers is to give absolute power to the largest established companies, because multinational companies are oppressed LatinX Black women and they should be allowed to lie because facts and personal privacy are Patriarchal and the only way to defend women's rights is to let the Police of Vice and Virtue spy on them

>>60901720
agreed. These people usually wire transfer or write a bank check out after a deal is negotiated.

How do I know this? Someone bought my $200,000 house with "cash".

>all these chunks of text that are nothing more than "remove this line, replace with this"

They should post like a git diff for the bills. That would be neat.

>>60901421
absolutely based

>>60904451
>believing /pol/ is capable of being an echo chamber when you literally can't suppress unwanted opinions like you can on reddit, forcing you to confront different viewpoints and formulate proper arguments to defend yours instead of just downvoting it into oblivion a la reddit

>>60904602
Any transaction not happening "legitimately" is a missed opportunity to collect taxes, because for some reason the government can't pay-off its operational debt by collecting a small piece of the assessed worth of actively wealth creating property. That would be anti-"Fredum"(tm) and "Higher Taxes" for the "Job Creators," so instead the government needs a piece of the action on every microtransaction made by the productive class.
If you buy untaxed loosies, the schools won't get funded, and then how will the next generation of workers learn how to pick cotton? We can't have people trading crops from their cottage plots, or they will not be prepared to work on the master's fields. Some independent businesses would actually be invisible to the system, if economic exchange happens with independent barter tokens, so you need to be able to make sure all money spent at "legitimate" businesses came from "legitimate," above the board, business.
We can only allow laundering of money coming in from outside the system, and only if it is going to be used to move value from outside in, when it is spent.
>>60904649
Actually, if the PTA has a black market bake sale to buy decent textbooks, no parent is going to complain that some of it goes to feeding the habits of decent teachers. You need to be on drugs to face those little monsters everyday and their official salary is not enough to make them stay.
Every functioning society so far has had a thriving black market, because what works on paper doesn't IRL. The trick isn't cracking down on the lube and leakage that allows society to function, it is making less of it necessary. The vitality of the black market is an indicator for how unhealthy the "legitimate" economy is. Stalin learned pretty quickly that crushing the financial underground would have collapsed the "worker's paradise" into staving hordes of refugees overnight and the US military learned the same thing about themselves.

Reduce NEED, not symptom.

You do know what percentage of bills that are introduced actually pass, right?
This is far from the most insane thing to ever be introduced, call me when it passes a single branch of Congress without these provisions being stripped, then I'll worry.
Not the mention
>Judiciary Committee
>Introducing a bill with clearly economic implications
DoA

>>60905066
Obviously you haven't met some of our janitors.

>>60905022
Imagine how many lawyers you could put out of a job if you just replaced them with diff.

>>60905149
>they are only attempted murderers, no need to keep an eye on them, call me when blood actually gets spilt
>no one is actually that dumb
>they are doing even crazier stuff that doesn't end up having any effect, why should messing with this particular knob matter
>most of the chambers are unloaded, so let the kid play with it

>>60905235
>I have no argument, so I'll start spouting useless metaphors
Name and shame the ONE (1) sponsor and ZERO (0) co-sponsors of the bill and that's the amount of 'keeping an eye' on this bill you need unless something actually happens involving it.

No one in Iowa vote for Chuck Grassley next time he's on the ballot.

/thread

>>60905235
>>60905280
Excuse me, 3 co-sponsors

Dianne Feinstein
John Cornyn
Sheldon Whitehouse

They're idiots anyway, people should know that already

>>60904054

Whether we like it or not, the US government and many states directly fund, support and oversee every kind of human misery there is - and they don't need Bitcoin to do it.

>>60905303
> Dianne Feinstein
why is she on every single shit bill

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>>60905303

Feinstein - the biggest control freak on the planet.

Five more crypto-currencies will just appear to address the demand.

All these ancient cunts have no fucking clue what they're doing anyway. 3D printing and P2P networking will render gun control futile, and blockchain will render the rest of it pointless, including (thank God) taxation.

People will buy what they want and pay for the services they want to pay for, and the faggots in DC can wallow in their useless FRNs for all the fuck I care.

>>60903789
>Implying you can own a knife in the UK or gun for that matter in most of Europe after literal gun buyouts years ago

>>60904320
>>60904286
How about using the gender neutral "they" instead of being massive faggots

>>60902156
>i want to sit on my fat ass and do nothing instead

>>60905634
Wow its like you have no clue how your hotpockets get from the factory to the grocery store.

>>60904370
I bet you're about as smart as that faggot that shot a US Congressman and thought he was going to kill "facist Orange Hitler Drumpf" and make Comrade Sanders the new President.
You realize the president doesn't make laws, Congress does?

>>60901421
>It basically says everything is evil.
because they arent getting a cut

we are perfectly fine with the Saudis starving Yemen to death as long as they buy our weapons to commit war crimes.

they would be perfectly happy with crypto currency, if they could tax it.

>>60901421
I hate HATE how the fucking government agency for regulating futures has been trying to shut down forex for similar reason of how its over the counter and not traded on a central exchange so they want to get control over it but they cant. What really boggles the mind is how people living in communist china,vietnam,etc have more freedom to trade forex than people living in the land of the free.

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>>60905655
>How about using the gender neutral "they" instead of being massive faggots
BEGONE

>>60905713

Let me guess...

>muh fuckin' ROADS

>>60905770
Excuse me but are you slut-shaming me? I feel so violated, it's like I'm being raped on the Internet.

americucks i am rite
lol

>>60905872
>slut-shaming
not in this instance, for all women are thots

One question. How would they track how much cryptocurrency xyz person has?

>>60903088
Then just deposit it in smaller amounts every day.

I once tried to blackmail me into giving me money via bitcoin and email, didn't work out and they said they would call the police. I'd be screwed if it wasn't for the fact I was in incognito mode otherwise they'd have my IP

>>60906404
>waste time every day so anon is happy
>or just use cash
Really made me think.

4000 ETH here, bought in presale. Do I sell now or wait?

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>>60905614

(((Feinstein)))

>>60902919
bruh

>>60902429
>be in a country in the EU
>seen literally one mudslime in my whole life
>go to the uk
>muslims and curryniggers everywhere
I bet the amount of mudslimes in the EU will drop by more than a half when they officially leave the EU.

time to move to hong kong

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>I will see the most capitalist country becomes statist country in my live
Wew

>>60901577
Government have no reason to know how much my money. Except if you work in government then they can know your money to prevent corruption, but unless that there's no reason to government to know your FUCKING money in your FUCKING pocket.

>>60901434
>Must be reported when entering or leaving the US
What if I have a brain wallet? Are they going to lobotomize me?

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>>60902348
> roads
> public schools
> environmental regulations
> public order
> regulation on monopolies
> defense from invasion
> legitimate

wew

It's just a bill you retards, not a law. I guarantee you guys this will not pass.

>>60908542
woops. >>60902331

The number of shills who have come out to defend this is insane.

No way this will pass.

>>60901421
>Combating ... Terrorist Financing
So the government will stop itself ?

>>60901421
SWJ:
>CALL YOUR CONGRESSMEN
Me:
>But you shot him

>>60901577
>Seriously though, you have no justifiable reason to hoard over $10,000 in cash assets without wanting the government to know about it.
>Are you money laundering?

$10k is nothing. A months pay. I have currently something like $15k on each of my three accounts in different financial institutions, ie banks or stock brokers. I could easily have over 10k in cash any given time without a second thought and I'd have to declare it? I've been thinking about applying for us visa, but apparently it's not worth it.

>>60905134
>Actually, if the PTA has a black market bake sale to buy decent textbooks, no parent is going to complain that some of it goes to feeding the habits of decent teachers.

>guy you replied to is critisizing the corrupt leadership of the teacher's unions

Apples to oranges m8

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>>60901421
>/g/ honestly did not think this was going to happen
>/g/ bought hundreds/thousands of dollars worth of hardware for mining
>all useless now

>>60902298
>Why should I have to put up with windows, and linuxfags don't? Fuck 'em.
there's a simple solution to this, anon

>>60901937
Or, you know, you move to another country.

>>60901421
*yawn*
Hidefags groaning about nothing. This expedites seizing property from criminals like Michael Vick and Avon Barksdale. Look at the cash law. It's a mirror image. It's just something to nail crooks with when all else fails. You've never had anything to fear before. Why start now?

>>60901790
It's too early to celebrate yet weaboo

>>60904189
Loved this episode, can't wait for the season finale next week.

>>60902465
yes, yes they do and in France all cash transactions over 1k euro is banned...

muh euro freedom!

>>60902979
this is not true, they just very seldom check and since it's schengen, technically it's not an international border per se

>>60901535
Despite what the news media says, a great deal of Americans actually know better when it comes to Muslims. Surprising, I know.

>>60906436
They beat you until you tell them the answer they want to hear.

Remember, gov have monopoly on violence (police, jail, army).

>>60902491
classical liberalism is libertarianism

>>60902855
this reads like someone who is trying to emulate a /pol/ poster. I wonder who might be doing this?

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>call your congressmen and tell him not to sign!
>Implying this won't have bipartisan support
>implying preppers didn't tell you this forever

>>60906830
Muslims were never problem in EU. If ypu want talk racial problems, let me see. Gypsies are, especially in France, Czech, Slovenia, Romania the biggest problem.
Cyprus, Greece vs Turkey, Albania minorities in Macedonia, Serbia and Bosna, Ukraine and Russia.

This may be the biggest national problems in Europe. Muslims are just media bubbled fear of shit, because our lovely goverment wants to "protect" you with taking away all your freedoms.

>>60909985
>in France, Czech, Slovenia, Romania the biggest problem
Everything you named is a problem too.
>Cyprus, Greece vs Turkey, Albania minorities in Macedonia, Serbia and Bosna
these also.

>>60910044
Are you from /his/?

>>60904140
Bitcoin needs regulation, if people are profiting thegovernment wants some of your Satoshis. Government accepting Bitcoin / Altcoin might be a good thing, it is infinite pie.

>>60901421
This would have been an A+ post if not for the reddit spacing...

Realistically, what are the odds of this bill moving anywhere, let alone passing?

>be american
>have money
>get shot by the police

"""land of the free"""

>>60901577
> in cash assets
Not only dollar bills are cash assets. The car you bought at a flee market (for restauration) or a jewlery are cash assets.
> 10,000$ much money
what is inflation? it could be (although unlikely atm) that 10k$ today are only 1k$ worth tomorrow.

>>60903088
>fascist
You mean communist?

>>60910595
100%

>>60909621
They never check you fag. There's no checkpoints.

>>60912408
>>60909621
And I would say it goes more like: technically it is an international border.

>>60909115
What about Prop Joe, Stringer, and Marlo?

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>>60909985
>Muslims were never problem in EU

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>>60901421
hehe stupid goyim

you cant have your own currency now can you?

>>60910538
is this "reddit spacing" an ironic circlejerk meme? howarepostswithnospacesevencomprehensibleor"""4chan"""?

>>60912588
Nah.

Reddit spacing is annoying to read.

See how dumb this spacing is?

I hope you do now.

Edit: thanks for the gold, kind stranger!

>>60912789

This post isn't properly reddit spaced.

However mine is.

>notice my inability to properly greentext?

>some quoted or >implied greentext

Reaction to above greentext.


Even worse is when more than two newlines are used to separate thoughts.

>>60908639
> the entirety of one political ideology is one guy
try to keep up, now

How do we know they aren't pulling this shit so we forget about Net Neutrality?

>>60912983
What's there to forget about? It's going away so we can stop "the bad people"

>>60912588
It's a shit newfag meme.

>>60901421
>Chuck Grassley (R-IA)
Who?
>Feinstein (D-CA)
Wow, guess she doesn't want to run again.
>Cornyn (R-Tx)
God damnit, Texas.
>Sheldon Whitehouse (D-RI)
Notorious commie.

Bitcoin down $400 LOL

>>60903981
What site is that?

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>>60913069
Swiggity swooty, I'm coming for that
DIP

I wasn't as active in politics during the obama admin. Did his administration also pull so much shit?

>>60913124
They didn't pull rank nearly as much. With the ACA they kept trying to get Republican backing even though they had a majority in congress and could pass whatever they wanted whenever they wanted.
The Republicans seem set on abusing their new found power as much as possible before they get kicked out.

>>60909985
>Albania minorities in Macedonia
*FYROM
Cunt

>>60914646
What's wrong with yugoslavia besides slavia?

>>60911355
>not shotting the money

>>60911564
I don't think you know what Communism is.

>>60901421
Why are you crying? America loves getting cucked by its government.

You still have guns so I don't really see what else you have to complain about.

Every country in the world ask to fill form if you cross the border with 10k.
Also if go to the EU from a country outside the EU they are going to ask questions.

>>60903088
Come to Greece, have over 100k in an account and the government gets to access 50% of it whenever they want.

Why does anybody need $10,000 in
-cash
-bitcoin
-gift cards
-prepaid phones

if they are not doing illegal shit?

>>60901577

An easy justification: you are wealthy, do not trust banks, and want to go about your daily life using cash. Informing the government of all of your purchases is inconvenient, because there should be zero assumptions that simply carrying around your hard earned money in public would be due to criminality.

They can't seize my bitcoins
checkmate government

>>60916250
A long/extravagant trip.
Technically if you remember the key you can the a border with as many crypto as you want. But if you carry the paper wallet or a USB drive with the wallet/encrypted file you can get in trouble.

I like the bill. crypto coins need to be regulated so they aren't used as tools to launder money and make criminals rich.

You guys don't know shit about monetary instrument regulations, nothing about this will keep you from paying cash for an expensive car, just fill out the damn form. CTR's and OFAC have existed for years.

This will stop the degenerates from buying drugs and child porn

>>60916250

Anyone who does not use banks necessarily has to carry around money in some other form, and there's a few reasons one might not want to use a bank:

1. Lack of trust. Some people have had bad experiences in dealing with banks, others are concerned that those banks might be engaging in activities that put their deposits at risk, etc...

2. Religious reasons. Some religions forbid the act of lending money at interest. Some of the followers of said religions might not wish to support any institution that does this. Since all banks lend money at interest, there's not really a proper way to deposit money.

3. As >>60916382 pointed out, travel. Some countries (Japan comes to mind) use cash a lot more often, and using a credit/debit card everywhere will be impractical.

>>60916422

>crypto coins need to be regulated
They CAN'T be regulated. There's no way to seize them unless you carry your wallet on your person.

>This will stop the degenerates from buying drugs and child porn
We have never been able to stop the drug trade, and this will do nothing to stop it. As is, drug buyers don't spend over 10k on anything unless they're dealers, and the dealers have more than just cash on them that's illegal. They've learned to steer clear of cops about everything. As for CP... since it's pretty much all in bitcoins, this won't really do shit.

Someone looking for an interesting programming project should find a way to parse bills like this and produce diffs. I think I've actually heard of something like this.

It took me a good ~10 minutes to really figure out exactly where they were amending prior legislation and what that meant.

However, once I understood what was being said... There's really nothing here to be concerned about.

The question is this:
> Should money laundering laws that apply to banks reasonably apply to cryptocurrency exchanges as well?

And, of course, the answer is yes.

Use cryptocurrency exchanges to get money into cryptocurrencies. But don't use them to get money out, do that in person. And don't hold your coins in your exchange.

This affects absolutely nobody and only updates the legislation to explicitly make the law apply to exchanges. And the existing law probably would have been interpreted by a court to apply to them anyway.

This changes nothing. Sage.

>>60916250
because the powers not delegated to the united states by the constitution, nor prohibited by it to the states, are reserved to the states respectively, or to the people.

>>60901421

This is inevitable. Government always wants more power more control. Its in its nature. What is the first thing someone asks for when they need to solve a problem? Control.

This is why we have a constitution. This is why we have a first and second amendment. This is why we were supposed to have rebellions regularly in america.

>>60901421

Get the old fucks in on this. They still remember the bank runs in the depression.

>>60901517

No cash society has been a dream of the global elite for a long time now. Just knowing where all your money is makes the money. And dont forget they can loan out like 80% of everything you have in the bank. If they keep you from having anything outside the bank it makes them money.

This might pass if we dont throw a fit.

>>60901577

How about fuck you my money my business. Are you violating my right to privacy?

>>60909043

Fuck that this is America. If Freedom falls here its over no one is as free as we are.

>>60901962

Governments want more power because they want to enforce their views. Government wants to exist wants to change things. And in order to get anything done what is the first thing you need? Control.

>>60901421
No doubt (((they))) have caught wind of cryptocurrency and how it can liberate people

It's happening. Put all your coins in a private wallet.

SHUT
IT
DOWN

>>60901421
>Civil Asset Forfeiture rules allow the government to take whatever they want from you, without a trial or any due process.
>without a trial or any due process.
Relax you morons. In the unlikely event this becomes law, it will not survive a constitutional challenge.

>>60917726

You have any idea how much shit is taken now and used to finance SWAT and other shit?

>>60917639
You mean because (((they))) indoctrinated you to think so?

Time to carve out an exit.

>>60917726
>anything done without trial won't survive a constitutional challenge
Hahahahahaha
You wish. *cough* Guantanamo *cough

>>60902801
Do you even know how to read

>>60917639
hahaha, fucking burgers man.

>>60918424
have fun getting jailed for hate speech, euros and canucks

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>>60901421
LEL FUCKING AMERICÚCKS
I'M GONNA KEEP LAUNDERING MY DRUG MONEY THROUGH BUTTCOIN

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>>60902674
>obama / biden
>osama bin laden
>coincidence?

>>60901421
Enjoy your botnet.

>>60904435
thats because /pol/ is full of bitches. they're all bark and no bite.

>>60908542
>roads
Irrelevant.
>public schools
Indoctrination plants.
>public order
Clearly incapable, as any chimp-city can attest to.
>regulation on monopolies
They either create monopolies or intervene on things that didn't matter at all in the first place.
>defense from invasion
All those drug cartel wars sure are being stopped right now, huh?

Kill yourself, frogposting scum.