Reply With QuoteIf it wants to survive it better drop the racists tieOriginally Posted by evince
Banned
El Salvador is the first country to make Bitcoin its currency but there will be many more that follow.
Truthmatters
If it wants to survive it better drop the racists tie
Senior Member
And it did nothing for them.
https://foreignpolicy.com/2021/12/06...-nayib-bukele/
https://www.bloomberg.com/news/artic...el-salvadorans
And you making some guess about other countries adopting it means nothing.
You just hope they do because you own it.
Obviously.
Why would America EVER allow a currency to flourish whose transactions they cannot rad?
And thus, they cannot know how much to tax people.
Thus, they would lose out on GIGANTIC amount of taxation?
The answer is obviously - they NEVER would.
Why?
Because they are not stupid.
Banned
El Salvador didn't adopt bitcoin as its currency until September 2021 yet you already declared it a failure.
Senior Member
I didn't...the article did.
You got a problem with it - whine to them.
Banned
It was a cordial conversation until you showed up. That may explain why you've been groaned 15 times in one month.
Senior Member
LOL...hey pal.
You were the one whom started it by accusing me of saying something that I never did.
I simply corrected you.
And now you are all bent out of shape on it.
Lighten up, pal.
Good day.
ButterMilk Man
JPP Contributor
You do make an impression!
I choose my own words like the Americans of olden times........before this dystopia arrived.
DARK AGES SUCK!
McRocket (01-16-2022)
Senior Member
You are probably right.
Hawkeye10 (01-16-2022)
Back To Reality
If you have a foreign bank account, the US Government will not know you have the account, and will not know what transactions happened with the account. If you have a BitCoin account, the US Government will not know you have the account, but they will know all the transactions with that account. Not only will the US Government know, but your 12 year old, nerdy nephew could learn all the transactions for any account in Bitcoins that have ever happened.
In both cases, the government will try to find some connection between you and the account. With Bitcoins, it is easier, because they know all the transactions done by the account.
The major reason for amassing wealth is to spend it on your life. That gives wealth a connection to your life. The government will find that connection, if you are not very, very careful. Part of being very, very careful is not enjoying your wealth.
OR YOU CAN DO THINGS THE LEGAL WAY. The current law is that all American citizens and permanent residents must report all foreign bank accounts and BitCoin accounts. You can have a Swiss bank account, or a BitCoin account, but you have to tell the IRS about it. Many times, no taxes will be owed, but it is still a crime to not tell them. If you want to stay safe, it is always good to overreport.
Banned
China's digital yuan app is up and running for the winter olympics. Young folk are taking over the world.
Loves Me Some Souls
No, it's not. It's scrip.
Don't be afraid to see what you see
Back To Reality
Script is a medium of exchange... So arguing something is not a medium of exchange, but rather script makes no sense.
Daniel Patrick Moynihan said it best, "You are entitled to your opinion. But you are not entitled to your own facts."
Paul Begala, "Politics is show business for ugly people."
Stephen Colbert, "Reality has a well known liberal bias."
trump is a child rapist. We all know it.
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