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503
Maga_Chaos_Monkey
2024 Apr 24, 8:44am
Maga_Chaos_Monkey
2024 Apr 24, 8:44am
Quoting doesn't work right... I quoted 'why did you say that' from UITF but it shows what I said.
504
Maga_Chaos_Monkey
2024 Apr 24, 8:47am
Maga_Chaos_Monkey
2024 Apr 24, 8:47am
UkraineIsTotallyFucked says
I see, so by fluffers saying it'll replace the $ you saw that on reddit or something - not on patnet.
Then only one I have heard is Venezuela selling their oil (what little they still produce) for crypto to sanctions proof their revenue. All the crypto fluffer idiots them plastered social media with posts like "See! See! The USD's days are FUCKED! Crypto rules!" And many of them automatically assumed it would be Bitcoin...because fluffers gotta fluff, after all.
...then it was revealed that the crypto Caracas is talking about is Tether.
I see, so by fluffers saying it'll replace the $ you saw that on reddit or something - not on patnet.
505
DOGEWontAmountToShit
2024 Apr 24, 9:37am
DOGEWontAmountToShit
2024 Apr 24, 9:37am
just_passing_through says
They are supposedly going to offer to sell their oil for Tether. Nothing about replacing the dollar.
Or are you referring to.the fluffers saying that Bitcoin will replace the dollar? They always say that.
Oh looky! Seems that crypto doesn't live up to its jive after all;
https://finance.yahoo.com/news/tether-freeze-wallets-evading-venezuelan-063152292.html
Remember a few years back when Facebook was going to set up its own currency? Libra, I think it was called.
Basically, it was to be a stable coin too. An electronic currency board like Tether is.
The Feds killed that too.
see, so by fluffers saying it'll replace the $ you saw that on reddit or something - not on patnet.
They are supposedly going to offer to sell their oil for Tether. Nothing about replacing the dollar.
Or are you referring to.the fluffers saying that Bitcoin will replace the dollar? They always say that.
Oh looky! Seems that crypto doesn't live up to its jive after all;
Stablecoin issuer Tether has said it will freeze wallets that are using USDT to evade sanctions on oil exports in Venezuela.
The decision comes after Reuters reported that Venezuela’s state-run oil company PDVSA increased its use of tether after the U.S. reimposed sanctions on oil exports.
The firm froze 41 wallets tied to the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) list in December...
https://finance.yahoo.com/news/tether-freeze-wallets-evading-venezuelan-063152292.html
Remember a few years back when Facebook was going to set up its own currency? Libra, I think it was called.
Basically, it was to be a stable coin too. An electronic currency board like Tether is.
The Feds killed that too.
506
Maga_Chaos_Monkey
2024 Apr 25, 8:48am
Maga_Chaos_Monkey
2024 Apr 25, 8:48am
UkraineIsTotallyFucked says
I agree with that - I only support bitcorn as it's the only trustless, truly decentralized and secured with a monster wall of energy. The majority of the rest are scams (where people get rug pulled) or at best wild ass gambling.
I do own some in the wild ass gambling sector though just for fun. I suspect one or a few of those will make it over the long run because they are directly programmable. Bitcorn isn't programmable so if you want to do smart contracts etc., you need to do that on another layer.
Oh looky! Seems that crypto doesn't live up to its jive after all;
I agree with that - I only support bitcorn as it's the only trustless, truly decentralized and secured with a monster wall of energy. The majority of the rest are scams (where people get rug pulled) or at best wild ass gambling.
I do own some in the wild ass gambling sector though just for fun. I suspect one or a few of those will make it over the long run because they are directly programmable. Bitcorn isn't programmable so if you want to do smart contracts etc., you need to do that on another layer.
508
DOGEWontAmountToShit
2024 Jun 13, 5:19pm
DOGEWontAmountToShit
2024 Jun 13, 5:19pm
Patrick says
They tax it just like anything else: there is no 'crypto' in a digital currency that uses a publicly accessable and trackable transaction ledger.
So if you don't report it and pay taxes on it, they can nail you just like any other non-reported income.
They tax it just like anything else: there is no 'crypto' in a digital currency that uses a publicly accessable and trackable transaction ledger.
So if you don't report it and pay taxes on it, they can nail you just like any other non-reported income.
509
Maga_Chaos_Monkey
2024 Jun 14, 8:42am
Maga_Chaos_Monkey
2024 Jun 14, 8:42am
True story. No anonymity.
Except there are services where people send in their bitcorn which gets shuffled with other peoples bitcorn and then returned to them which does obfuscate ownership.
The government is in the process of shutting that down though.
Except there are services where people send in their bitcorn which gets shuffled with other peoples bitcorn and then returned to them which does obfuscate ownership.
The government is in the process of shutting that down though.
510
DOGEWontAmountToShit
2024 Jun 14, 9:13am
DOGEWontAmountToShit
2024 Jun 14, 9:13am
just_passing_through says
Yeah, but they a) take their cut and b) that activity contributes to the unsustainable mining problem.
So kiddies! Here is the new word of the day: Steganography
https://en.m.wikipedia.org/wiki/Steganography
https://cryptokait.com/2020/03/02/hiding-in-plain-sight-steganography-tricks-and-tips/
https://www.freecodecamp.org/news/what-is-steganography-hide-data-inside-data/
This or something like it is needed for true crypto currencies to work.
Except there are services where people send in their bitcorn which gets shuffled with other peoples bitcorn and then returned to them which does obfuscate ownership.
Yeah, but they a) take their cut and b) that activity contributes to the unsustainable mining problem.
So kiddies! Here is the new word of the day: Steganography
https://en.m.wikipedia.org/wiki/Steganography
https://cryptokait.com/2020/03/02/hiding-in-plain-sight-steganography-tricks-and-tips/
https://www.freecodecamp.org/news/what-is-steganography-hide-data-inside-data/
This or something like it is needed for true crypto currencies to work.
511
Misc
2024 Nov 10, 9:54am
... about that Bitcoin...over $80K a token now.
Crypto is looking at less regulation w/ Trump in office.
Wha ????- The current scams just ain't enough ????
Crypto is looking at less regulation w/ Trump in office.
Wha ????
512
Maga_Chaos_Monkey
2024 Nov 10, 9:59am
Maga_Chaos_Monkey
2024 Nov 10, 9:59am
Misc says
Yeah, I just paid for a brand new Ford F150 Platinum since the election. I haven't ordered it yet though because the max recline seats are late availability.
... about that Bitcoin...over $80K a token now.
Yeah, I just paid for a brand new Ford F150 Platinum since the election. I haven't ordered it yet though because the max recline seats are late availability.
514
DOGEWontAmountToShit
2024 Dec 2, 7:34pm
DOGEWontAmountToShit
2024 Dec 2, 7:34pm
Bitcoin is a unproductive asset that consumes energy and financial resources that could be used elsewhere more productively.
That's why this tax is wonderful economic policy!
That's why this tax is wonderful economic policy!
515
ElYorsh
2024 Dec 2, 9:15pm
ALL Governments will tax Bitcoin at some point. Some will even tax it's conversion into their currency. There's NO WAY that Governments will let people get away with independent currencies.
516
Ceffer
2024 Dec 2, 10:11pm
Ceffer
2024 Dec 2, 10:11pm
Bitcoin is DARPA, and they didn't invent it without a back door. They will at some point just steal tranches and the holders of the wallets will not know what hit them. They'll think it's hackers and not the Guv. It'll be tulip bulb crypto crash Armageddon when the word gets out that it was never 'secure'.
Other cryptos may or may not be more secure. However, given the histories of banksters and account holders, I wouldn't count on any of them actually being secure in the long run. Look how much rampant, Intel sponsored fraud (FTX) has already occurred around crypto. It is even more fiat and speculative than a Federal Reserve Note.
Other cryptos may or may not be more secure. However, given the histories of banksters and account holders, I wouldn't count on any of them actually being secure in the long run. Look how much rampant, Intel sponsored fraud (FTX) has already occurred around crypto. It is even more fiat and speculative than a Federal Reserve Note.
517
DOGEWontAmountToShit
2024 Dec 2, 11:12pm
DOGEWontAmountToShit
2024 Dec 2, 11:12pm
ElYorsh says
This too. ^^^
ALL Governments will tax Bitcoin at some point. Some will even tax it's conversion into their currency. There's NO WAY that Governments will let people get away with independent currencies.
This too. ^^^
518
Misc
2024 Dec 2, 11:23pm
"Western Democracies" squealed like stuck pigs when Zuckerberg was gonna create a crypto currency that could be used on FaceBook.
The threats the man faced ..... just yeah...
The threats the man faced ..... just yeah...
520
Misc
2024 Dec 4, 8:19pm
Markets ??? Manipulated ?????
Cannot be ! ! ! ! ! !
Bitcoin trading at over $103k per token.
Has to be because of its fundamentals.
What could possibly go wrong ?????
Cannot be ! ! ! ! ! !
Bitcoin trading at over $103k per token.
Has to be because of its fundamentals.
What could possibly go wrong ?????
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Hi guys,
I'd like to start a conversation on crypto-currency, particularly Bitcoin.
What do you all think about it from an investment point of view today? I have some buddies in the finance world who are quite bullish on it and claim we are just scratching the surface. Judging by the recent performance, they may be right.
For people who are investing in Bitcoin, what are you using to invest and what recommendations do you have for a new investor?
Also, how are gains taxed compared to typical stock market gains?
I read this week that over 100,000 merchants in the USA are accepting Bitcoin today.
At the same time, digital currency does scare me a bit as it seems so abstract. Curious what PatNet thinks.
Thanks guys!