Biden administration unveils new crypto tax reporting rules

Good luck trying to get this information from decentralized trading platforms or online wallets.
When one send money from FIAT to any such platforms it gets noted.. even banks in my country are sending notices that there will be restrictions ... exact words are :..we may limit the amount you can pay to certain accounts or merchants. for example those we believe to be associated with cryptocurrency exchanges... these banks are private / listed , make billions in profit yet they must have listens to respective govt and tightening the screws...
 
Interesting video. The sad part is that the current state of affairs seems to be like they have no idea what is going on. You've got a border crisis that is allowed to continue, and criminals in places like California who are running the show. It could very well be that they are letting all this happen so that they can later say they require total control in order to fix the problem. So it doesn't surprise me one bit.

But the core of the US model and reason for success is rooted in innovation and freedom. Because of how quickly information travels now, I don't think this will ultimately be successful. By going full on dystopian, the US will actually fall into tyranny and turn into North Korea or China. This will literally mean that the US hands over they superpower status to someone else. I just don't think a superpower can remain unless the citizens have freedom and prosperity. So if the US wants to piss away their advantage, it will be their own doing.

Elio stated in the video that he thinks too many developers won't want to leave the US, but I figure there will be many other places that start to look more attractive if the US tightens its grip on freedom and liberty. I have no idea why anyone would want to live in San Francisco based on all the crime videos I see, so if you crack down on crypto and tech innovation, "not wanting to leave" will in fact turn into "can't wait to leave".

Anyway... this is all theoretical, so it doesn't matter much at this point since there are far too many unknowns.
innovation and freedom. does not mean rule less financial markets.. the FTX type guys and blind followers want no boundaries and restriction... not because they are super democratic but they just want an easy way out and no scrutiny so they can screw others easily
 
You actually believe that BS? lol



First time I heard that term before, I am Superman!

fair regulations

I'm in Asia and every single crypto company that operates here is regulated. Every single one

But DeFi crypto projects are not... simply because they exist on the internet, on the blockchain and cannot possibly comply to any single country's regulations

If you do not understand it, dyor
SO what is the diff between DeFi crypto projects and every single crypto company ..
 
Interesting video. The sad part is that the current state of affairs seems to be like they have no idea what is going on.

They know exactly what is going on

It looks like the whole fiat world is going on a global reset (fourth turning?). Distractions everywhere, left vs right, UFO's, BRICS, Covid comeback, election controversies, pedophilia, lgbtq+++, reminds me of the days when we had gladiator games back in the coliseums and drank wine and ate dried octopus while watching live death matches... the good ole days before cell phones

Opt out, Bitcoin is our life raft out of the fiat matrix debt-based slave monetary system
 
SO what is the diff between DeFi crypto projects and every single crypto company ..

SO WHY THE FUCK ARE YOU SO LAZY TO EDUCATE YOUR SELF??? GOOGLE DEFI, PUT ON YOUTUBE

----

But to answer your question, defi crypto projects exist on the blockchain, aka the internet, there is no location

You can be 8 yo or 88 yo, you can be in Dubai, or you can be in South Korea, if you have crypto assets, you can transact with DeFi, no names, addresses, or phone numbers

Here are the 2 biggest DeFi crypto projects

https://aave.com/

https://blog.uniswap.org/uni
 
Your perspective on the current situation and its potential implications is certainly intriguing. The dynamic nature of the market and the evolving circumstances are factors that constantly shape the landscape. In such an environment, it's prudent to consider options that provide stability and adherence to regulations.

You've raised a valid point about the importance of regulated entities. Given the complexities and uncertainties, opting for reputable and regulated companies could offer a way to navigate the changing landscape. These companies often adhere to compliance standards and provide a level of assurance that can be valuable in times of transformation.


You've also highlighted the potential risks of moving towards a dystopian model. The delicate balance between maintaining control and upholding the principles that have driven progress is crucial. As the global landscape shifts, various locales could become more appealing for individuals and businesses seeking to preserve their freedom and flourish in a supportive environment.

Elio's point about developers' choices regarding relocation is thought-provoking. While some may find reasons to stay despite changes, others might be drawn to more favorable environments elsewhere. Factors like crime rates and the overall atmosphere of a city do play into these considerations.

In the end, you're right that many unknowns exist, and the future remains speculative. However, engaging in discussions and sharing perspectives can contribute to a deeper understanding of the potential paths ahead.
 
BITCOIN AND BITCOIN WALLETS AND PROJECTS DO NOT HAVE THIS PROBLEM

You can't be serious. Please don't spread lies in the name of BTC Maximalism. No need to.

BTC is a privacy nightmare and is easily tracked. The mixers can only do so much.
Glassnode makes a handsome revenue from the BTC chain analysis via its premium users.
Speaking of chain analysis, most of https://www.chainalysis.com/ revenue comes from the government, likely the IRS.
 
Good luck trying to get this information from decentralized trading platforms or online wallets.

If you are using Ethereum and EVMs, it's not that to connect the dots, since Ethereum is designed to be transparent, for obvious reasons. Of course it depends on your behavior.

Influencers, devs, whales, etc have had their wallets doxxed by regular users via standard chain analysis combined with tracking social media. Most of these people aren't savvy so it's just a matter of putting in the work.

Governments subpoena exchanges for KYC information and basically that is the major link which tracks the vast majority.
 
You can't be serious. Please don't spread lies in the name of BTC Maximalism. No need to.

BTC is a privacy nightmare and is easily tracked. The mixers can only do so much.
Glassnode makes a handsome revenue from the BTC chain analysis via its premium users.
Speaking of chain analysis, most of https://www.chainalysis.com/ revenue comes from the government, likely the IRS.

Welcome back, thought you got wiped out with your funds stuck at FTX, glad to hear you survived

First of all, you're not a Bitcoiner, so you may think you know how the Bitcoin network functions, but you do not

Metamask is tracking US ip addresses and DeFi projects i.e. dexes and staking projects are geo-blocking US IP addresses

Name a Bitcoin wallet, a crypto project an exchange or a lightning node that can track the IP address of a bitcoin transaction and explain how they are able to do it?

Does the IRS have jurisdictions in all the world's crypto users outside of the US?

Most of my bitcoins are non-KYC, this goes over your head, but you do not mix KYC bitcoin utxo's with anon bitcoin utxo's
 
Welcome back, thought you got wiped out with your funds stuck at FTX, glad to hear you survived

First of all, you're not a Bitcoiner, so you may think you know how the Bitcoin network functions, but you do not

Metamask is tracking US ip addresses and DeFi projects i.e. dexes and staking projects are geo-blocking US IP addresses

Name a Bitcoin wallet, a crypto project an exchange or a lightning node that can track the IP address of a bitcoin transaction and explain how they are able to do it?

Does the IRS have jurisdictions in all the world's crypto users outside of the US?

Most of my bitcoins are non-KYC, this goes over your head, but you do not mix KYC bitcoin utxo's with anon bitcoin utxo's

I shorted FTX and the general market actually. But did get $1300 stuck there.

Metamask only tracks IPs under specific validators. Just change the RPC. Use your own node. This is standard stuff. Ethereum was not designed for privacy, it is meant to be transparent for a very obvious reason.

BTC miners actually sell your IP data, as the transaction leak IPs. This has been known for while. Sorry you aren't in the loop.
Any third party wallet UI for whatever crypto can track whatever data they see fit. It's just business.

And if you are gonna bring up the IRS, you might just want to educate yourself on their latest cases prosecuting those involved with Silk Road. The Bitcoin ledger is going to be a major revenue source for them, and kinda already is.
 
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