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RE: Oh Shit, the SEC Just Ruled That Ethereum ICO Tokens Are Securities

in #ethereum8 years ago

Does this make litecoin more attractive?
I started following Etherium and Bitcoin to actually start trying to invest into something big, looks like the last rush got a lot of people's attention and governments.
Does this mean Bitcoin gets more value since they can't govern it? I believe so, and I also believe get into Bitcoin Etherium and lite coin, just my choices, make your own, but the governments are going to make all transactions in the US taxable and where you have to declare it.
Coinbase is a perfect example, they agree to follow all government rules.
That's where cliff high's theory comes in.
If you put it in a wallet and have the keys, there's no way they can say you have it if you don't have it. And in all actuality it something you don't have. It's in space, it's like a bank account where you have access to the funds but you haven't spent them on anything and your not gaining interest. So what's to tax? If I buy something with it from someone else and we make a direct transaction for example, I send you one bitcoin for one 2 ounce of gold, why should we have to pay the government anything?
They want you to use their fantasy dollars, their worthless paper backed by debt, really?
Buy as much silver and gold as you can, get whatever crypto you believe in and put it in a wallet offline and become your own bank.