Crypto currency (IF banned from CA)

[JimmyJeffers]

That's it lads. Show your tax dodging libertarian true colours.


One minute it's all "we're saving the world and feeding Africa" the next it's "sorry Mr. Tax man I lost my private key in a boating accident."

I got told taxes are used to pay for wars so people using Bitcoin are pacifists also.

 

[DuuuncanHadaPigeon]

I got told taxes are used to pay for wars so people using Bitcoin are pacifists also.

Sure there is a crossover between libertarians and crypto holders but what you are saying is just anecdotal surely? In regards to the "saving starving kids in africa" that the other poster said, I have literally never heard anyone say that

 

[JimmyJeffers]

Sure there is a crossover between libertarians and crypto holders but what you are saying is just anecdotal surely? In regards to the "saving starving kids in africa" that the other poster said, I have literally never heard anyone say that

I’m saying the money you pay in taxes funds war

 

[PhilM]

Don't worry @JimmyJeffers, our resident crypto-King obviously knows that the majority of taxes are spent elsewhere and requires none of the other facilities.

 

[JimmyJeffers]

Don't worry @JimmyJeffers, our resident crypto-King obviously knows that the majority of taxes are spent elsewhere and requires none of the other facilities.

View attachment 129075

lol Have a feeling bitcoiners wouldn’t be happy with their taxes going to any of those things. Like people who refuse to pay council tax but kick off if their bins aren’t emptied.

 

[DuuuncanHadaPigeon]

saying tax money goes to fund wars is so far from saying crypto saves african kids, which again I have never heard anyone say

 

[nikom court]

lol Have a feeling bitcoiners wouldn’t be happy with their taxes going to any of those things. Like people who refuse to pay council tax but kick off if their bins aren’t emptied.

if you knew what you were talking about you would know you dont pay any tax holding bitcoin,but crack on lol

 

[JimmyJeffers]

if you knew what you were talking about you would know you dont pay any tax holding bitcoin,but crack on lol

Excuse me?

 

[DuuuncanHadaPigeon]

Excuse me?

you only incur a taxable event when you trade your coins or cash them out. so if you just hold you don't pay tax. but at some point if you want to cash out then that is considered a taxable event.

People will get screwed when they realise that every trade is a taxable event, so trading shitcoins on centralized exchanges will result in a big tax bill provided you made profit, which most traders don't lol

 

[JimmyJeffers]

you only incur a taxable event when you trade your coins or cash them out. so if you just hold you don't pay tax. but at some point if you want to cash out then that is considered a taxable event.

People will get [Poor language removed] when they realise that every trade is a taxable event, so trading shitcoins on centralized exchanges will result in a big tax bill provided you made profit, which most traders don't lol

I’ve reported you for foul language

 

[nikom court]

Here's what happens (Venezuela) when you print crazily over a 12 month period!

 

[Efcjake]

Sure there is a crossover between libertarians and crypto holders but what you are saying is just anecdotal surely? In regards to the "saving starving kids in africa" that the other poster said, I have literally never heard anyone say that

View attachment 128322

 

[Efcjake]

Here's what happens (Venezuela) when you print crazily over a 12 month period!View attachment 129097

Yes this isn't new. See Zimbabwe and the Weimar Republic

 

[LinekersLegs]

Here's what happens (Venezuela) when you print crazily over a 12 month period!View attachment 129097

The mismanagement in Venezuela over successive administrations has been devastating and awful for the average Venezuelan.

I don’t think it as simple as “look what happens when you print crazily” though - been plenty of countries across the world over the last 20 years where people have claimed that inflating their balance sheets would lead to disaster but ended up with little to no inflation.

 

[DuuuncanHadaPigeon]

ah I stand corrected by a meme you posted. If you can point me to any serious person suggesting this I will change my position