@cryptotraderx
I have been working for years advocating for our industry and this is a another sneaky method of downright stealing what isn't theirs. The Senators that are on this bill make who and what they support clear.
Unfortunately here in the UK bitcoin is held away from society as much as possible! Especially in the south coast. No advertising or support from organisations. MSM worked there magic and most think it's a tool for criminals.
@crypto-curt I'm sorry to hear that, and not surprised. The UK government and the USA have vested interests in their own system, and they should leave our system alone.
@writtenbird
They appear to be targeting us international travelers, and may force us to sign documentation forcing us to tell all about our holdings. If we lie then we have incriminated ourselves. This is legal trickery!
Like I wouldn't even mention it, and in my head I will just say to myself, well, services were exchanged non-simultaneously between various parties and the value is in the service or product provided, and the system just connects people together.
I know, but my hope is that centralized authority is irreparably undermined with blockchain tech and P2P interaction. They'll be like old people grasping at straws if the big shift dawns.
Nothing will ever stop bitcoin from being used..the fact is they just want to be nosy. If you're doing legal activities who cares what the so called governs think right:) Life is give or take I'm certain we will have to pay tax in some form in every-way through t life..that's the balance yin/yang. Nice share!
@arcaneinfo I wish it was that simple, but history is there to teach us that once government starts something and we accept it it will only expand further.
I am fairly new to steemit and cryptocurrency but I can tell you that governments fear what they cannot control or tax to death. They will try their best to disrupt and intervene with many resources. Thanks for this thought provoking post.
This post received a 1.4% upvote from @randowhale thanks to @exploretraveler! For more information, click here!
the government doesn't like crypto because they don't get a cut of it!
@cryptotraderx
I have been working for years advocating for our industry and this is a another sneaky method of downright stealing what isn't theirs. The Senators that are on this bill make who and what they support clear.
Thank you @cloudnine
We knew they would try to attack it anyway they could. It will only hurt the US in the long run, trying to attack it.
Unfortunately here in the UK bitcoin is held away from society as much as possible! Especially in the south coast. No advertising or support from organisations. MSM worked there magic and most think it's a tool for criminals.
@crypto-curt I'm sorry to hear that, and not surprised. The UK government and the USA have vested interests in their own system, and they should leave our system alone.
Interesting article. Upvoted!
Thank you
MAYBE ITS TIME
depeche, my boys! :)
All we have to do is hide our keys and not tell them we have any, right?
@writtenbird
They appear to be targeting us international travelers, and may force us to sign documentation forcing us to tell all about our holdings. If we lie then we have incriminated ourselves. This is legal trickery!
I wonder if there was a way of wording it without saying cryptocurrency. Just to refer to it as a secure transaction system.
@writtenbird good point and I will consult a lawyer to see if there is a way for us to respond if this passes.
Like I wouldn't even mention it, and in my head I will just say to myself, well, services were exchanged non-simultaneously between various parties and the value is in the service or product provided, and the system just connects people together.
Keep in mind this is only one piece and they will not stop expanding legislation until they can control it.
I know, but my hope is that centralized authority is irreparably undermined with blockchain tech and P2P interaction. They'll be like old people grasping at straws if the big shift dawns.
Bitcoin
Government is foul
Yep we don't need them
Nothing will ever stop bitcoin from being used..the fact is they just want to be nosy. If you're doing legal activities who cares what the so called governs think right:) Life is give or take I'm certain we will have to pay tax in some form in every-way through t life..that's the balance yin/yang. Nice share!
@arcaneinfo I wish it was that simple, but history is there to teach us that once government starts something and we accept it it will only expand further.
Sounds like a waist of time, effort and money on governments part. They will never be able to keep up with technology.
@smitty They never do!
I am fairly new to steemit and cryptocurrency but I can tell you that governments fear what they cannot control or tax to death. They will try their best to disrupt and intervene with many resources. Thanks for this thought provoking post.
@prep4shtf I think we need to vocalize our distrust and make it clear they need to stay out of our business.
Great post. They saw that this was the future and that it could be earned well, and certainly criminals could so easily run dirty money