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A few questions.
How many days have you been traveling? How many BTC transactions, and how many non BTC transactions?
This would help us understand the value of your experience.
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Recent rumour...
Maybe you could give the source of this rumor... I's probably about the Falcon Bank, though. They're doing what Swiss banks have been doing their centuries: helping their rich clients to get even richer. I guess you need to keep a minimum balance of at least 200,000 Swiss francs to be their client. |
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I advise to forget this idea. The data is simply impossible to get.
If I'm going to a small local garage to service my car, the local mechanic there will never bother filling up a form on a web page about the work he just did. And if I have a new Mercedes, going to the official dealer, they have strict confidentiality internal regulations preventing them to record what they've just done on a system not under the control of the manufacturer.
Actually, what you plan already exists with most manufacturers, though not on a blockchain.
If you go to an Audi, Citroen or Mercedes dealer, with a car less than 15 years old, the employee at the desk will see immediately all repairs and services done by official dealers.
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No! Don't dream of that!
Sweden is a communist country with some of the most aggressive tax policies in the world. I bet Sweden would rather outlaw BTC, or force all people to reveal what cryptocurrencies they own. The disappearance of cash in Sweden is because the government wants to control and record all transactions. Maybe they will create their own crypto, but you can be sure they will never allow the rise of a currency they can't control.
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Governments aren't the only ones blocking VPN access. Last month, in a public place where I was using free wifi, I needed to access my Paypal account. So I switched on my VPN, but Paypal blocked me with a message saying I was using a public IP (don't remember their exact terms).
My suggestion is to try several VPNs, they can't be all listed...
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The idea sounds nice, but I shall wait to get more details. I wonder how this new "place" will deal with bad people. The rapists, the thieves, etc... A major issue in Europe today, is that in every big cities, there are thousands of beggars and penniless African migrants, how will this new society handle those people? With which money if there's no tax?
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The Federal Reserve cannot do anything to BTC.
Only the US government can hurt BTC by regulating exchanges, and forcing US taxpayers to declare all their cryptocurrencies holdings.
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Fidor Bank in Germany?
One HK bank which has offices in Europe?
Or maybe Norvik. Don't know how nice they are to BTC holders but they're modern, and trying to seduce entrepreneurs in the Baltic states.
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I'm sure this will happen someday in several countries.
In many countries already, citizens must declare foreign bank accounts, so you may see BTC wallets as something quite similar.
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That would be a good idea if its cheaper or easier to move as I can just wake up one day, pack my bags and move to Europe or America to live? No, thats now how it works if you dont want to be a fugitive for the rest of your life, there are rules and regulations that guides mobility from one country to the other except the EU which entrance into one country or citizen of one country, grants you access to another but that will be a mistake because their policies will be similar. In that whatever push you out from one will do same in other of the countries.
To be domiciled in a country other than yours, will require several documentations to file with and as a foreigner, its even tougher with various regulations with the embassy, customs, immigration and the likes.
However, the other option out is to just get a trust worthy partner who will then open the company in a more conducive environment and returns will be forwarded in due time or an arrangement is made where the citizen of the intended country then form a company but employ the other foreigner as an expatriate with that, working permit can be sought accordingly.
This is not about settling down permanently in another country, it's about starting a business. In Delaware, Hungary and plenty other places, you can start a business, register a company without being a resident. its more than just the logistics of relocation, like new schools and a new house. more importantly, since you are starting a business, you most likely will have to be an established citizen to incorporate in that locale. true citizenship (not counting visas) usually take at least 6 months, if not a few years, to achieve. thats just getting started. you still have to ho through the local red tape, and get your business up and running. pray there isnt any language barrier in the place you just relocated to; it will bog down your operational efficiency until you learn enough to conduct proper business. absolutely trust me on this last point.
In Delaware, Belize, in the Seychelles or British Virgin islands, you can set up a company the same day you set up foot there. No need to go to any embassy, nor to apply for citizenship. |
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Well, we've been saying for years that no government can stop BTC, this might be the real test.
I'm confident BTC will survive, and that some smart users will keep on going as usual, but government can hurt. No doubt about that. I often talk about BTC with friends or people I meet at bars or places, this would become risky if BTC suddenly becomes illegal. It would like saying you're a robber. Plenty of average people would get scared and just leave. I mean I know how to use a VPN, how to use TOR and encrypt my emails, but plenty of folks don't.
We'll see how things turn out, if this is real, and how it will be enforced.
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I have an e-residency card from Estonia, but it's not that good. There's a 20% company tax in Estonia, quite high in my opinion.
But frankly, choosing a country is secondary here. The most difficult would be to build trust. If one newbie opens a new exchange, don't expect me or any older BTC user rushing to use its services.
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Well, I did. Years ago, but you have to be smart and organized.
Last time I paid income tax was in 1997. One thing is important: you must piss on your country's flag and leave it for good. Then, you'll be free.
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Central banks can't manage fiat currencies so I don't see them being successful managing a cryptocurrency, even with the help of the law.
Also, many people invested in BTC for the very precise that it has no link to any central bank.
Does anyone think the Federal Reserve or the European Central Bank, so good at quantitative easing (printing money), can be good at managing a cryptocurrency?
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Worried is probably too much of a word, but I can't deny I'm concerned. The rise we're seeing is too fast, and without reasons. We still have the damned 1MB block size limit. Fees are high and transactions are slow. I know changes are coming, but we're still waiting for them. I wouldn't be surprised of a sharp drop.
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Is this a joke?
Doesn't anyone remember why BTC was invented
Freedom from countries, central and regular banks, and all fascist organizations. Uber is one of the latter, tracking all its users' movements, with or without their knowledge. Having the Uber app is like having a picture of Adolf Hitler in the wallet. I'm sure the nazis would have loved a device which would record all the movements of the people. Uber did it, and they chose a German name to make it known to all that they're nazis.
But I guess Uber would a nice tool for the FBI and the CIA who want to control BTC. With the help of Uber, their job would be much easier to establish a who's who of all addresses in the blockchain.
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It means you must declare the income you get on Bunk on your Slovenian tax forms... There's no secrecy anywhere in the European Union, and even Switzerland is cooperating these days. |
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I'm trading everyday on Poloniex and Bitfinex. I don't care about the .25% fee. That's peanuts. What matters is building trust. If you open a new exchange, I would not consider using it before at least one year of existence. That's your only problem. How would you convince people to put their coins into your exchange?
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The whole of Europe is awfully regulated regarding anything financial. Luxembourg is probably the best place to register your company, but don't expect to do it on a budget.
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