How is this shit even legal?

>>140295148
We just had the thread, but the answer is cryptos will be banned like drugs. It just takes time for the authorities to realize the threat.

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Why not you statist fuck.

>>140295148

The SEC is working hard to destroy buttcohens.

They're trying to regulate it hard.

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It's not very legal. Most people who were early adopters are likely guilty of breaking all kinds of criminal statutes, probably completely on accident. Any number of 3 letter agencies could civil asset forfeiture seize your money at any moment.

You can get rich off crypto but if you do, you better make sure you park it far, far away from US government jurisdiction.

>>140295789
Why?

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>>140295680
Stop using crypto

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>>140295895
never used it but fuck you nazi communist scum fucks i'll buy some bitcoin right now.

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>>140295148
Yes, however the ICOs (initial coin offerings) which are the cryto equivalent of an IPO have been now banned or regulated by the FEC in the US and a day ago in China, but these are merely standard government consumer protection efforts (not that I agree with it either way)

What is technically illegal is avoiding capital gains tax on them, but I have no idea how that's even solvable logistically.

Might I ask how would it be illegal it's just software transfers of information packets?

>>140296399
Isn't it illegal to avoid taxation? Bitcoins aren't taxed and I wouldn't think the feds would take too kindly to that

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>>140296196
pic related
Don't buy that, buy 7-11 altcoins that are at a lower price that will net you a higher percentage of returns. Symbols of god ones
VERI OMG PAY PPT ADX LTC EOS PLR

>>140296779
good* ones

>>140296658
Bitcoins are taxed the same way as anything else in most/all states. Gains on trades are capital gains in most states, nothing in others. It's all correctly regulated.

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>>140295895
what's the interest rate on bitcoin?

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>>140296658
Why would it be taxed? It's not anything listed in the tax code, it's like owning silver, you don't pay tax for owning it, you pay tax for selling and buying it and capital gains for appreciating assets that net I think over $10,000 but don't quote me on the number.
The problem really is proving what are gains vs losses in the calculating
Gonna be a big market to making it look like you lost a fortune to make your gains look only like offsets

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>>140296399
>>140297388

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>>140295895
Statist = farm labourer = nigger

>Laughs in lambo

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>>140297288
Mooon

>>140297953
What's the bottom token?

>>140295148
It's treated like a commodity, but like any emerging technology it has created a large policy vacuum.

>>140297388
t. Person that isn't even aware there's a tax code

>>140298217
Chan coin, press b to buy.

Srsly buy some - support your hero's at biz.

They only ways to get rich of of Cryptocoins:

1. To have got lucky enough o buy Ethreum or Bitcoin when they were first released and have sold by now.
2. To create your own e-coin fork, give yourself thousands of coins, and shill it why you cash out. (i.e. Pump and Dump).

Getting in e-coins now may make you a few dollars if you are lucky enough to buy and sell at the right times before the crash, it's not going to make you rich. You';re more likely to lose it.

The only people who get rich off of gold rushes are the shovel sellsmen.

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>>140298628
What are you talking about I bought like 7$bucks of DGB on 7/21 and a month later I sold half for $100 and still have half if it spices up more

Buy the penny (stocks) sell at a high 100 coins at a penny each is great if it spikes up to quarter let alone a dollar which many can and have

Learn to read charts and trends get invilved stop thinking like a poor person

>>140299440
bought $74*
srry

how is federal reserve legal

>>140298597
Cosbycoins > all

>>140299561
Because President Woodrow Wilson signed it into law

>>140295148
Meh, I sold my coins this morning when I heard China banned Bitcoin. The price is going to tumble sub $1000 in the next weeks. I'll probably buy some again in about a month.

>>140296399
>but I have no idea how that's even solvable logistically.

When you cash out to $USD or fiat currency of your choice. If you keep everything in your bit/alt/whatever/coin there's no way they can track it.

You better keep records for how much you bought in for, or I'm sure they'd just tax you on the full amount.

>>140299639
A) It's not a law it's an act
B) It's blatantly unconstitutional and illegal in that it is a definitionally a ponzi scheme

>>140295148
its a scam and will always be a scam
its legal because nobody has the balls to do anything about it

>>140299639
A) It's not a law it's an act
B) It's blatantly unconstitutional and illegal in that it is definitionally a ponzi scheme

>>140298628
You could also do some research and try to invest in coins that solve problems bitcoin and eth have or address other needs, or that have a lot of hype behind them.

Crypto is all just a speculative bubble right now

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>>140300178
that's the really not the big problem, the big problem is declaring losses because you have to in theory prove them, but to do that you'd have to have a way to validate wallet ownership, which defeats the half the point of their existence

Does that make sense?

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>>140300212
unless you mean as a shell game I don't see how
and I really don't see how as the Chinese are dumping hundreds of millions into it and the supporting infrastructure

>>140295493
If bitcoins become illegal, arcade coins and tokens will be illegal as well.

>>140301087
that's not what bitcoin is it's more like making file transfers illegal

>>140300606
>which defeats the half the point of their existence

Well the 'point of their existence' isn't really what they are being used for. Crypto is mostly just a speculative investment right now, not anonymous/secure/global transactions.

>>140301244
No dumbass, child pornography is illegal, distributing it is illegal and yet some how magically I can still transfer other files that aren't CP legally

crazy shit huh

>>140295148
exchanging numerical values between computers should be illegal?

Decred > Bitcoin

Anyone that supports Bitcoin supports child porn as that is the only way to shut down the Black market. Also applies to anyone that supports internet privacy supports trading child porn as that is the only way the feds cannot monitor the ISP line which goes hand on hand with Bitcoin anonymous.

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>>140295148
((((LAW))))
>how is interest even legal

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>REEEEEEE WHY CANT DADDY COME AND TELL ME WHAT I CAN AND CANT DO!?!?!

nek urself

http://www.zerohedge.com/news/2017-09-04/ethereum-bitcoin-crash-after-china-declares-initial-coin-offerings-illegal

Bitcoin is useless in the long run. Its only value is utility. It has no monetary value. What if something better than bitcoin comes along? What happens to your bitcoin?

>>140299561
>"federal" reserve
>private entity
Really makes you think

>>140301438
Ah you simplistic child,
a better may have been making ledger entries illegal
You're still missing the point that they aren't things like tokens that's just a simple colloquialism understandable to the laymen
They're usefulness is in it's ledger system, and the soft ware design which only force accurate accounting

>>140303782
US tender is useless in the long run. Its only value is utility. It has no monetary value. What if something better than US tender comes along? What happens to yourUS tender?

>>140301300
that depends many blockchain companies are starting up to to that, the speculative nature is more like the dotcom bubble that doesn't mean that the websites didn't function they we're just grossly overstimulated by a rigged stock market
However Veritaseum is working on solving that by allowing for peer to peer stock and other financial asset trading, which will cut a lot of the fraud out of the finance industry

>>140304750
Yeah, I agree. Crypto currency is pretty much fiat currency when not backed by gold.

>>140303375
>>140300178
That happened when they cleaned up the exchanges trading in speculation,
and guess what the price went up a couple weeks later
see
>>140296399

>>140303782
Well the utility is monetary value
As well as the supporting infrastructure which will be in the billions next year or so, that enables that utility, Forced truth in economys through decentralized ledgers is a far step above fiat, or gold as it's useful across borders and even in space,
Could LTC replace it as what you buy you're coffee with, probably, but not as a store of wealth for some time to come, Although VERI may wind up being more money

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>>140295148
yeah, i don't get it either
currency that can't be controlled by the Federal Reserve should just be ruled illegal

>>140295895
You're not even trying to hide it aren't you? Well guess what, Crypto's out of Pandora's Box now, and this unregulated currency will have no need for Big Government nor your big fat ugly expensive War Machine. I can't fucking wait for all of you psychopathic greedy fucks to be out of a job (Trump included).

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Blockchain is here to stay, early investors in the big 3 are reaping massive profits, crypto is the future. Deal with it. Why do you think so many major banks are desperately trying to figure out how to catch up and utilize the technology themselves?

>>140295148
t. FED shill

Let me remind you that only 40 years ago (2 generations) it was ILLEGAL to own gold. If you dont see what crypto allows you to do and how it can set you free, you're too dumb to be on /pol

>>140295148
bitcoin was started by the US and Chinese governments to keep themselves out of bankruptcy. They are the whales behind the scenes and will ultimately ban it when they achieve maximum profits.

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>>140314155

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>>140312963
>it was ILLEGAL to own gold.

Ayy lmoa!!!! seriously this never happende.

>>140295148
Because people aren't actually buying and selling anything.

>>140314155
You won!
Biggest bull of the day

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>>140314793
https://en.wikipedia.org/wiki/Executive_Order_6102

>>140299561
really makes you think

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ITT: buttmad kikes.
Tell me again how crypto is a scam but when a private company owned by a group of kikes (fed) take some paper and print dollar bills backed by thin air is perfectly fine?

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>The stated reason for the order was that hard times had caused "hoarding" of gold, stalling economic growth and making the depression worse.
GOD DAMN 1%!!! THE LEFT WAS RIGHT ALL ALONG!!!

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>>140296399
>Might I ask how would it be illegal it's just software transfers of information packets?

yes and futhermore

Might I ask how would it be illegal to exchange mere pieces of paper that are printed with green intaglio presidential portraits dear sir?

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>>140315740
because we uuuh, need about 10 random ppl to control the federal funds rate for a country of 300 million people

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>>140315428
"forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States"
>Hoarding

Not owning. You could still own a rings, chains etc. Pls learn to read sempai ;)

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>>140307507
>currency that can't be controlled by the Federal Reserve should just be ruled illegal
this so much

>>140315740

Government backing.

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>>140314793
Yes it was dumbass

>the absoloute state of American education

>>140295148
It soon won't be legal. Rather, it will be used to incriminate anyone suspected of using it. To see a test run of a similar idea, look at how the NFA has been used (to great effect, I might add), to incriminate scores of gun-loving trailer trash nobody will ever hear about. Do I like guns? Not really. Do I vote for gun control? No! It has the same legal foundations as what will soon be cast over the entire cryptoconcurrency regime. As with guns - in the eyes of the ATF, if you own a pistol and a dremel tool, they can accuse you of having the tools necessary to create a full auto firearm. Similarly, with crypto, any suitably disagreeable computer user can be found guilty of having the tools to launder money - a computer with internet access. Proving "intent" is just a matter of the plaintiff (the state) making suitably emotional (but baseless) accusations about the terrible cyrpto money launderer sitting in the courtroom.

>>140316829
maybe on your piece of shit homo nigger loving country it was

>>140316550
Sounds socialist as fuck. Look how that worked out for venezuela or zimbabwe (could list a dozen less extreme examples)

>>140295148
What if it's only legal because it gives powerful people a convenient way to move money in secret?

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>>140317147
>America
>not a piece of shit nigger loving country

Ive never been happier to be Norwegian than the last 10 years. We still have debate while you guys got fake news & idiocrasy.

Im good thanks

>>140317628
let me come pls

>>140295148
Keep your hands out of my pockets stateist nigger

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The kikes already made their federal reserve answer to Bitcoin.

>>140295148

Because global chipset manufacturers in conjunction with national intelligence agencies own it. I find it funny how AMD/Intel/Nvidia has these cucks on a leash because they actually control the price.

Monero is what Bitcoin should have been.
It's the only untraceable and fungible cryptocurrency.
It's going to $5000, and right now it's at $100.
r/monero
r/xmrtrader
For more information on Bitcoin 2.0.
If anyone tells you to buy Verge, PIVX, or Spectrecoin, they are lying to you.
Do not listen to them
All these coins have public blockchains and they are a scam.
Monero is the only truly private cryptocurrency.
World black market marketcap: 1.8 trillion.
Monero marketcap: 1.5billion.
Screencap this, and thank me later.

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>>140318426

STFU

>>140317628
fuck off nigger lover ill rape ur mum cuckboi

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>>140318426

>>140318548
I am merely spreading the good word my friend.
>>140318612
Yes.

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>>140318573

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>>140318654
>I am merely spreading the good word my friend.

youre pumping up your shit ponzi scheme so you can dump it when the idiots buy in

NOW FUCK OFF

>>140319056
Your loss.

>>140296658
The government can impose a tax on valuable bits if the wish to. Until that happens, they can fuck right off.

>>140295148
How's OPs faggotry legal?

When using GNU Taler, merchant's revenue is transparent for tax collection authorities. Unlike cash and most digital currencies, Taler helps prevent black markets. Taler is not suitable for illegal activities.

>>140320438
most people that are getting into crypto currencies don't care about staying hidden or using it for illegal activities. they are mainly doing it for for investment possibilities.

>>140318836
ill go full retard inside ur mums pucci cuckboi

>>140320911
>they are mainly doing it for for investment possibilities.


right, it has ZERO use value. Hence, it's worthless. A PUMP AND DUMP SCAM.

>>140321067
>it has ZERO use value

very very very false. professional poker players use it to transfer 1000's sometimes millions of dollars anywhere across the globe in minutes. google even invests in it now. it is a revolutionary currency and bitcoin is accepted in every country in the world currently.

>It's a pump and dump scam

some people are trying to get rich of course, but there is almost no way to tank the value of bitcoin. there is only a certain number of coins that will ever be produced. even if someone does lower the value of bitcoin by a little bit, people will just buy like crazy once it starts to dip, driving the price back up.

BITCOIN IS CURRENTLY WORTH ABOUT 5000 USD

>>140319104
This. Let the non-believers look on in envy when even a tiny investment yields a thousand percent plus return

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>>140297953
>digibyte
I love the memes but that shit is never taking off.

>>140315740
The technology isn't the issue. Its the people and lack of integrity within the community. Also, if it weren't blatantly obvious at this point, crypto is the new medium for laundering millions (you know, instead of having a patsy buy a $5k baseball cap from your amazon front).

>>140295148

>nocoiner

kys.

>>140322180
>yes goyim, all you have to do is invest 100-200 dollars and some day you'll be RICH!!!!!1

Kikes are taking over BTC with sigfault trojan horse and mass censorship of their kikery. BCH is the non-kiked fork. It may or may not survive. Crypto-coin will always be useful and continue to exists in some form.

>>140300606

Makes more sense than the klein bottle tho

>>140318612


>citing reddit

Anon, I...

>>140295148
it shouldn't be. it's for degenerates, druggies, and gassables. seriously if you own this nigger tier garbage you aren't white.

>>140295493
>math will be banned
top kek
who let the fucking normies into this place?

>>140323146
>Kikes are taking over BTC with sigfault trojan horse
proofs or gtfo

>BCH is the non-kiked fork
Neither BTC nor BCH have a long term future. Transaction time will keep growing with both until they become unusable. Segwit is a temporary measure, not a solution.

>Crypto-coin will always be useful and continue to exists in some form.
Agreed but it won't be either of these two.

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>>140323810
>lel math can't be banned
>but we should keep banning digital data representing lewd kiddies

wew lad. If you can ban one kind of data transfer/storage, you can ban any kind.

Since the blockchain has to be public to have much sway as a currency, it's actually easier to ban most cryptocurrencies than it is to ban cheese pizza.

>>140318426
I have a buddy telling me to buy dash or zcash. Is he full of shit?

>>140323969
>Since the blockchain has to be public
So what if it's public? You still don't know who the people behind the addresses are and you can't take down the network because it's decentralized.
The best you can do is follow the flow of coins from one anonymous address to the other, and even then it's easily hidden by trading to monero or something else that is untraceable.

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>>140295148

>Oy vey, a currency with no centralisation!? Dis is another shoah.

Every time.

>>140324525
>no centralisation
forks internally

>>140323810
The normies aren't here, anon. The normies are running our government.

This is the true redpill.

>>140295148
It's only a matter of time before the central banks shut it down

>>140323146
It's segwit, you dumb nigger, and bitcoin is open source, you can read the code yourself. Or suggest edits.

Kill yourself.

Bitcoin is the fucking future, in its current form or another. Bitcoin is effectively the embodiment of the anonymity that allows 4chan to exist. In fact transactions are similar to posts - you can track a poster for a day, but it's basically impossible to connect poster to ID.

Bitcoin is also antithetical to government, or any form of centralization. It is the beginning of the singularity.

We are possibly witness to the first stages of the evolution of the human race.

>>140295493
the whole point of crypto is so that you can sell/buy drugs online without the feds being able to track you

no government can stop us

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>>140324848

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Crypto will destroy the kike's banking system.
(((They))) are afraid.

>>140316190
>VERI
so illegal to own a certain un specifiable amount of gold.......still bullshit

>>140295493
>solving math problems and tacking on the results to a long list will be banned
When this happens I'm coming to your shitty flat and punching you in the face it looks like a Christmas ham.

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friendly reminder that asians created btc specifically to destroy the jew

>>140318426
Why is weevlos shilling monero? Weev is a master ruseman, I can't tell if he's trolling or not.

>>140323810
>Crypo currencies don't have a very clear definition by which they can be legally defined
Yeah, and software piracy is legal too.

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>>140314793
I thought everyone knew about it...

>>140321469
Closer to 4000 now

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>>140295148
Because it's the future:

1. BITCOIN HAVE LIMITED QUANTITY, IN DIFFERENCE FROM TULIPS AND DOLLARS
2. GOLD EXACTLY SAME A PYRAMID SCHEME AS A BITCOIN BUT ALREADY ABSORB ALL IN
3. CURRENT CAPITALIZATION OF THE BITCOIN 35,788,210,511 USD
FOR EXAMPLE RUSSIAN BILLIONER ALISHER UZMANOV MAY BUY THE HALF OF ALL BITCOINS
USA MILITARY BUDGET - 611,000,000,000 USD
USA DEBT - 18,984,100,000,000 USD
GOLD IN THE WORLD 31553,2 TONS = 1,278,960,782,690 USD
BITCOIN SIMILAR TO GOLD FOR ACCUMULATION AND SIMILAR TO DOLLAR FOR MONEY TRANSFER
THE ONLY THING THAT PREVENTS THE BITCOIN FROM BECOMING A WORLD CURRENCY IS ITS LOW COST
AT THE PRICE OF 10,000,000 USD FOR 1 BITCOIN IT ALREADY CAN REPLACE DOLLARS
-----------------------------------
TYPICAL PROBLEM FOR BILLIONER: TO BUY APARTMENT FOR 15 YEARS ASIAN GIRLFREND
FOR EXAMPLE YOU - BILL GATES
YOU HAVE MONEY IN THE BANK
YOU CAN NOT DO ANYTHING WITH THIS MONEY, YOU CAN NOT TAKE TONS OF CASH. GOLD IS VISIBLE ON METAL DETECTORS AT THE AIRPORT
BEFORE PAYING SERIOUS MONEY, YOU NEED TO RECEIVE THE APPOINTMENT PERMISSION AND PAY THE TAXES
AND IF JOURNALISTS SEE WILL BE THE SCANDAL
WITH BITCOIN THERE IS NO PROBLEM
WITH BITCOIN ONLY PROBLEM IS BITCOIN LOW PRICE AND LOW BITCOIN AMOUNT IN INTERGENERAL ARBITRATION

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>>140329830

>>140330192
My son, listen to Grichka he knows what he means.