I heard the news last night. Just to point out it is not 100% tax free, it will have a 10% VAT tax. Which is not bad at all.

I hope the city will be a success and more places will want to copy it.

Faced with a model that has both political and economic power that wants to manage things from above, this model, in which the organization is built eminently from below with interpersonal relationships is the dream of the authors of the Austrian school.

I am not surprised that the project was initiated by Bukele and not by Biden and some other politician of the same style.

Yeah, I believe like most of the opinions expressed so far in the thread that taxes are not a determining factor.

I understand that the OP is referring to Bitcoin not having just taken off. We are at the end of the year, and, according to all the predictive models we have seen, Bitcoin should be going higher. Recall that some models were giving $300k-$500k as ATH for year end.

So no, if Bitcoin hasn't gone to the moon it hasn't been because of taxes, as taxes were already present in previous years when it gave excellent returns. If we end the year below $100k, other explanations will have to be sought.

If you are so sure my reply was off topic you can report it and if you are right it will be deleted.

But don't take it as a personal attack, I also had a non-kyc casino in my signature for many months. It is simply that if we want the privacy that non-kyc gives, we can not ensure that minors do not gamble.

I'll explain why my previous comment was not an off-topic reply. The OP nowhere mentions the difference between KYC and non-KYC sites. And it states:


The list is not exhaustive. So I don't know where you get that this debate has to be limited exclusively to KYC sites.

What I like most about the analysis:


This does not give much credibility to what you say but your analysis is fine. It is in the along the lines as many others.


There is not much left to rule out predictions like this one. If we go into 2022 and the price still doesn't break $70k we will have to rethink our predictions.

This is not entirely correct. They say they don't allow children to play, it's another thing that they don't. Stake.com seems to be running verification processes lately, but about roobet I don't know.

However, I can tell you that the casinos that work without KYC allow children to play, among them the site you are advertising (which is mostly known for being a faucet but is a bookmaker more than anything else) .

Tell me how the casinos without KYC know if the one who is betting is a child or not and therefore don't allow children to bet on their site.

Surveys do that. They take a small number of people who supposedly might represent the rest of the population, and from there they extrapolate general conclusions.

That only serves to get an idea in certain cases but we can not say that it has a high degree of reliability, and if we look at this particular case, the company that makes the survey is heavily involved in the Bitcoin, therefore it is an interested party and it is not uncommon that in their surveys appears an inflated percentage:

Premise Pays Over $1 Million in Bitcoin to Contributors Around the World.

I would also like the OP to explain the arguments why these houses should not be promoted instead of sending us to watch videos.

On the other hand, there is one thing you say that is false:


Stake.com has a license:

is licensed and regulated by the Government of Curaçao under the gaming license 8048/JAZ issued to Antillephone.

But yes, some casinos, even some others that are advertised on the forum and that you have not mentioned, operate without a license, others operate with a license from tax havens and in theory should not accept people from certain countries but they turn a blind eye.

I can agree that I would like all the casinos in the world to have responsible gaming options and control to avoid underage gambling, but with the importance that gambling has had since the birth of Bitcoin and continues to have and in this forum itself, when you tell people that they shouldn't promote them on the forum it seems to me that you are swimming upstream.

I have not reported your message for low value simply because I doubt if in the country where you live it may not be regulated.

For your information Bitcoin is taxed in most countries in the world where it is not prohibited. Most commonly it is taxed with a capital gains tax, which makes it difficult to use it for small day-to-day payments, as I was explaining in the OP.

I think that's a long time away yet if it ever happens. Within fiat currencies it still has a high status, let's think that massive printing and devaluation are far from exclusive to the USD. I believe that in the medium term future "strong" currencies like the USD or its digital versions will coexist with the Bitcoin as currencies to spend on a daily basis and not to store value. The hypothetical scenario in which the Bitcoin takes over everything and becomes currency, store of value and unit of account, I see in a very long term future.

As I invest for the very long term, I do not find myself in the dilemmas you are asking yourself. I don't care what Bitcoin does in the next few months, what matters to me is what it does in the next 10 years. I buy regularly and that's it.

If you look at the past, the most profitable thing has been that: those who bought and forgot, or those who bought regularly have come out much better off than those who gambled on guessing what the market would do in the short term. And this is a rule that applies to other types of investments, not just Bitcoin.

Regarding what is going to happen soon, I still believe that we will beat the previous ATH before the end of the year.

I was wondering about this. I welcome actions like this that popularize Bitcoin, but if the amount they earn is going to go to pay tuition fees, I don't see the point, and I don't think the Universities where they study accept Bitcoin as payment. I would see more sense if the students could save at least part of what they give them for the future. But charging X amount that you have to exchange to USD to pay tuition fees doesn't make much sense to me.

I was talking about options, not that those options are the best thing to do. Leaving your country and renouncing your nationality is not to do things legally according to the IRS it is so that the IRS does not come after you, and as for European countries as soon as you move your tax residency, see how the IRS of the country will come after you.

There is a lot of gray in this. If you leave your country it does not mean that you can never come back, you can spend months even if you have residency somewhere else and you have renounced your nationality.

The objections you raise are similar to what I was saying, that they can create a company or a laundering scheme, but whether it is worth it is another matter.

Good analysis but millionaires have more options, like moving to a tax haven with 0 or low taxes for crypto. Transfer the tax residency there, and in the case of people from the USA they should renounce the nationality. For members of other countries it would be enough to change the tax residence there.

Another would be to create a company or network of companies to launder the money but for that it is better to pay taxes and sleep easy, because it also has a cost.

Can you explain that? It sounds like bullshit to me.


Now it's pretty clear to me that what you are writing is bullshit. It contradicts what you said before. If it is unpredictable it can't be based on skill.

Why do you want to know which is the fastest blockchain? For me, the most important thing is which one is the most secure, and that is the Bitcoin blockchain.

Your friend shows all the characteristics of someone headed for disaster: impulsive, wanting to invest at a maximum, without being properly informed...

A word of advice: the less people know that you invest in cryptos the better.

Let everyone make their own decisions and deal with their mistakes.

Lol. Actually you can't manage the price of Bitcoin, you can manage your investment, your portfolio, although I get what you mean. In my case I am patient. I keep buying regularly no matter what the price does. I prefer the price going op, so I see that my net worth increases, but if it goes down I just think I am going to buy cheaper.

The banking system and governments are closely related, so don't expect banks to go against government policies, and the bigger they are, the less likely it is.

They have common interests: at first neither governments nor traditional banks liked Bitcoin. Now they still don't like it, but they have had to accept it because they have realized that there was no way to stop it, which doesn't mean that they will try to trip it up as soon as they can.

And not only that, the OP contradicts himself. It doesn't explain that he says middle class people won't pay that and instead we have to believe that someone poor is going to pay $60 for 1/1000 of something.

Clearly those who understand Bitcoin invest in it for its intrinsic properties, and on the basis of the money they can invest, regardless of what fraction of Bitcoin they can buy at that moment.

I hadn't seen this thread because I have the OP on ignore, but I saw it now because I wasn't logged in.

The OP is just a troll in general, but more specifically in this case because no poker player wins every time, not even the best in the world.

What good poker players do is minimize losses when they have losing hands/strings and maximize wins when they have winning hands/strings.