Ok so finders keepers but what about the law if you wanted to sell some of that for physical money like the US dollar how would the law see it.
even finders keepers is not as true as you hope its not finders spenders.. its finders keepers. you have to keep it and make an effort to reunite it with its owner whilst keeping it(not spending it). if there is provable effort to reunite it and all avenues are exhausted and no one has made a valid claim after reasonable time. then it is deemed as unclaimed, to which you as the keeper can claim it, after all there is no one else that can claim it off you |
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I believe in the right to privacy, and you can choose what information you share with your bank. In your case, you chose to disclose that you are a BTC investor. Could it be less specific and mention digital assets or technology instead?
maybe read the terms of your bank account.. you are using their service. they thus have terms of use you have to agree with, some of their terms are purely policy wrote at their business level. but some are backed up by laws like the BSA this is why many people hate FIAT, hate banks and why bitcoin was invented. to escape the need to rely on banks. |
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https://platform.arkhamintelligence.com/explorer/address/bc1q5l8jpddr77qmrtkr7a7ex3psu0rdj056rmhsjya few notable movements 1CKVszDdUp4ymGceAZpGzYEFr4RPNHYqaM/ (18,886) ->bc1q9nzr8tzsx8pyk25ufps22p6un4k2y3ymh9lmze(1500) bc1qh9xvgsqh648q7kyq2d0uu90e7tv6ph46rjjy3n (17385) (following the taint path of the 17k forward over many hops) bc1q5l8jpddr77qmrtkr7a7ex3psu0rdj056rmhsjy(2.144k)-> bc1qjjwhdve94cvg3d69shjrczn7wgqc8esujm72w8 (1500) bc1qgrjjf3xaf9ejmm5lcsfl0e2ep63t6zcxf7h9sw (1114) it appears that bitwise is moving funds from its published reserve address(1CKV) where alot of coins were accumulated in coinbase prime custody of one legacy address. and shuffling them around WITHIN coinbase prime custodian to settle down into smaller manageable basket amounts of different segwit addresses within custody of ~1500btc baskets
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the bank has you on their radar as bitcoin investor , should the government order for the closure of bank accounts dealing with bitcoin or cryptocurrency yours will definitely be at risk.
its not just "bitcoin" word fear if your country has rules about any money shuffling above X they can question the purpose of X its not just "bitcoin" word fear if your country has rules about running a business converting any currency. even if its another countries fiat requires a special money conversion licence to operate as such its not just "bitcoin" word fear if your country has rules about any money received, needed to be declared to tax departments as a rare personal gift or a business operation (depending on amount small rare amounts can be left undeclared, unless the volume of small amounts cause suspicion of joint payments evading the limit) its not just "bitcoin" word fear if your country has rules about fundraisers/charities of multiple small transactions even if you say they are gifts, they can question the purpose of it where saying its just lots of random gifts done as fundraisers, need to declare the activity as a charity business some people scream "what about privacy" there has never been a right to privacy in regards to the relationship between banks and its customers.. yes when it comes to bank accounts, the account holder has protections from friends, family, neighbours, strangers to not be allowed to find out financial information without account holder authority. but the bank itself can, do, will and legally able to monitor peoples accounts.. there has NEVER been any right to privacy in regards to your banks relationship with you. and that has been the case even before bitcoin existed. banks have always been able to monitor its customers accounts. also if you do lie, and it is found out. that raises suspicions of fraud by making an official declaration that is incorrect, which can lead to issues with access to an account |
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many people even in UK/america experienced this years ago where a platform called localbitcoins offered listings for individuals to do P2P away from centralised exchanges..
when too many random participant transactions in succession occurred or values too high to be the account holders personal income occurred. this caused banks to question the values.. and yes banks by default do check on their customers for multiple reasons..
the main issue people received is that banks spotted PERSONAL accounts being used for what they deemed BUSINESS trading currency.
which caused them to flag accounts and inform customers it was a breach of use of accounts for using a personal account for business even if the person was a sole trader(self employed). people needed to upgrade to a business account, and also because the business was a money service business doing currency swaps they needed a money service business licence to then operate ontop, before the business account could be operated
so be aware if your country requires licences for operating as a currency service or money business or anything related to facilitating payments as a service for a fee/commission.. expect that to be another hurdle to climb
..
yep alot of people think DE-FI and private P2P will hide them from being found as running an exchange service.. but the banks do look at the fiat sides of a deal and spot when too many strangers are putting fiat into or taking fiat out of your account.. counts or volume that cant be explained as paying bills or friends/family do raise suspicion levels in banks policies of monitoring accounts
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So please it’s not too late to stop spending on things that doesn’t really matter, so basically the money you saved today could literally save you tomorrow.
But will you keep saving when there's a better way for you to secure tomorrow which is by investing? saving is not about tomorrows wealth creating . its about a temporary filling of a savings account upto a set target to rescue you from incidents. that way after reaching the target and then investing. when an incident occurs. you dont need to go to debt to rescue you, you dont need to sell assets/investments at a loss to rescue you because you have the savings there to save you.. hint is in the name so when you reach your Xmonth bill savings total target. or X amount that covers a $X home appliance repair/replacement target. then you can stop adding more of the unspend income into savings account. and instead put ongoing income unspent amount into investing by not needing to add more to the savings account, but put the unspent amount of income into investments |
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the first thing you need to do is prepare your spending and make a budget for everything to be used up.
i would not word that advice in that way id suggest you prepare and set budgets to categorise and split your income into different debit cards for set purposes. where if there was spare cash not used up. it can go towards savings for the emergency pot. and then investments one emergency pot target is reached, thus not spent but set aside on a card you dont touch unless it has a need |
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alot of people these days are taught to get several credit cards which come with default X limit(usually more then your monthly income). and you are told by some well dressed salesman to spend to that limit and pay it off with next months income, given some smiley workspeak of how its ok to spend, you can pay it off later..
this bad advice makes/pushes people to spend beyond their means because they think if a bank gave them X credit limit, it means some smart bank guy must have valued the assessed you using some magic accounting to work out you can afford to spend X
this is wrong on so many levels..
what people should do is cut up credit cards.. as they only promote overspending..
what they should do is get 4-5 DEBIT cards. and before the month begins.. set a budget
look at the last few months of statements and make notes of your previous spending.
note what was essential and what was wasteful
start planning your money.
many supermarkets have websites that you can create a shopping list. to get a planned total grocery bill cost.
try it, then before going to checkout. look at the shopping cart and see if you can substitute any choices for cheaper brand variants
and then look at the total.
when you income arrives put only that total into a debit card for groceries. this forces you to only spend within that limit if you discipline yourself to only carry/use that card when doing grocery shopping.
look at all your essential bills and put the essential amount into a debit card for bills. and set your subscription/auto payment/regular payments to come from that card.
that way when you develop a budget where each month you are setting auto payments to just put set balances to each card. it then makes you think that those cards have limits whereby it makes you think about your spending.
this is the safe way to spend. as its not debt. its living within your means of your income limit... not some overstretched limit a credit bank profiteer decided he wants to trick you into
doing it right can leave you with a little excess thats not categorised, budgeted for particulars. set a goal for it. and set it into another of those debit cards where you only use/touch that card when goal/target/need/purpose you set is met
..
basically in short.. its telling your money where to go at start of the month, ensuring it will last atleast and hopefully more then the month... rather than your money going and not remembering where it went before the end of the month.
once you have enough savings to cover any reasonable incident likely to occur. such as any domestic appliance in the home stop working and needing a repair or replacement.. or a month of bills should you suddenly not get income and it takes a few weeks to apply for social security or get another job.. once you have that target savings amount. then stop saving and then put your excess into investing
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....
china does and will trade with hundreds of countries. just not under the terms of US trade commissions going forward
I agree. China without exports will very quickly slip back to the level of China of the 1970s. An export-oriented economy is a specific economy. And of course it will trade with many countries, but... for the dollar, because China itself needs stable currencies, and "hundreds of countries" do not need a wrapper called yuan. The yuan will be used only by those who simply have no way out, and they are forced to lie down under China. For example, pariah countries, or countries whose currency is even more unstable than the yuan. I don't know why China needs their worthless fiat currency  "wrapper".... (facepalm) seems YOU are still hanging on to the idea that the east +brics want to go in the direction of "yuanisation" where YOU think china can only work or wants to work or whatever your theory is that in YOUR mind is where YUAN becomes centralised currency of the world i have told you and others in a few topics of that silliness.. the whole strategy of BRICS and international settlements (i also told you where to look) is not a yuanisationed central reserve.. instead its going towards a model of countries regaining their own independent sovereign currency domestically.. and then mutually bartering (like forex) between each other EG next gen is hundreds of CBDC all linking to the m-bridge(like a crypto forex exchange) where they mutually agree on exchange rates without the puppet strings of the US .. you have had plenty of time now to look into brics and the policies built on it. through things like BIS and NDB |
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if a company only says it offers minimum wage increases/promotion pay rises on par with inflation.. find out if you can ask for extra benefits. such as:
child care costs(pretax)
pension contributions
a business car
mileage(fuel expense)
a business debit card (meal expense)
any other things that are tax deductible
also asking for same pay. but hours off earlier in the afternoon if you can stay efficient to meet production quota/targets
(whereby you then dont need to pay for as much child care or have more time in evening to relax, or do side hustles)
before bitcoin made me independently wealthy to early retire. i worked, and as a hobby played with stocks and shares... and would have preferred to have tax deductible contributions to investment funds where employer matched it(pre-tax).. more so than post tax extra money in salary
if i had kids back then i would have prefered my employer(pre-tax) pay for child care vouchers or paid into a nursery/child care sceme
where by it was not an expense that needed to be paid from my post tax salary. thus freeing up more money post tax for me to spend on other needs. without it on paper showing as me getting extra income, thus benefitting both me and employer, as they can claim those expenses as deductibles on their end thus cut down on their tax burden thus keeps costs down, thus not have to raise prices of the goods they sold
asking for pre-tax benefits help.
for instance
if childcare is like $500 on your end. by having an employer subsidise/contribute. you then have $500 free and clear post tax you can spend elsewhere
if your employers pension scheme was say 5% match. where you contributed 10% and they contributed 5%. if they raised the match to say 7.5% you can then adjust yours down to 7.5% so same money went to pensions fund but you paid 2.5% less so then have a bit more post tax to spend elsewhere.. or you kept your 10% meaning 17.5% went into pension. so you got more higher pension later in life
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the main thing i notice is when people try to show off their hoard and try to win friends by trusting people.. ends up with their so called friends tricking them into scams and schemes to syphon funds from them, both in crypto and with fiat
i see many people play suck-up and trust people and later cry victim. that they lost their funds
never use money as a reason for friendship. dont trust people you cant touch with your financial information and dont ever trust anyones scheme they talk you into using if you cant then slap them with a rotten fish if they wrong you
.
i do admit i have a hoard. but never reveal the yield amount nor the addresses its on.. i also dont kiss ass or play trust games.. my inbox never gets scammer emotional mail of people trying to be friendly trying to talk me into their next big deal and i would never try to get involved if i did get any.. they are obvious emotional trap scams..
dont blindly trust people you cant slap with your bare hand
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This confirms the advancement of payment methods and is completely legal with Bitcoins in particular and Blockchain technology in general;
It has been legal since 2015 [1] Bitcoin was been accepted as commodity by CFTC. bitcoin has never been illegal in america as there was no legislation to prevent it or endorsed acceptance of it... no legislation either way= not illegal it was then in march-november 2013 ratified as legal by being designated and recognised as virtual currency when first crypto legislation was written recognising bitcoin but not banning it*. and then further ratification in 2015 as a commodity (as you said) so its always been not illegal for its 15 years of existence, but deemed legal since 2013 and strengthened its legality in 2015 and then again in recent years strengthening its legality... (*though these ratifications/recognitions, always came with extended terms of uses) |
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in real news
its not a degree... its a purchase(by anyone(including bitcoiners)) where someone ordered to have a US flag that has previously flown at the capital to be delivered to them for ~$30
the purchaser just (falsely) put his name down as Satoshi Nakamoto, with a description to why the gift flag was given
thus producing a certificate of provenance of the flag as being in honour of satoshi nakamoto
anyone.. including people in the crypto community can purchase these flags and get a provenance certificate in any name they like .. signed by warren
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Over time, I've heard discussions about inflation and the rising cost of goods and services across almost every sector on the world economy.
However, suggestions have been made in various ways on how best to tackle the menace called Inflation. Recently I have personally thought that one of the ways to fight inflation in an economy is to increase minimum wage. More so there has been a back and forth argument on these, as some persons argue that the increase in minimum wage will rise the bar on commodities, because they feel hence you increase the purchasing powers, it will have a multiplier effect on the economy which might be challenging.
So guys, is increase in minimum wage not a good measure to fight inflation. Let's have your opinion.
When inflation happens, your increased salary never meets the inflation rate, otherwise inflation would lose its purpose. Why does inflation happen? Because governments print money instead of working to earn it, then you have to pay for this money. They can inflate it without increasing your salary but when it comes to EU and developed countries, it's impossible because people will upset and governments will be in a huge trouble, so, while you print money, at the same time slightly increase people's salary to don't upset them too much. Inflation and salary increase look like this: Inflation 2020: ____________ |2021| _________ |2022| _____________ |2023| ________________Salary 2020: _______ |2021| ____ |2023| _______ |2023| ______You see how it goes? inflation is more based on costs of goods compared to income EG 2020 2021 2022 2023 2024 hourly rate |||||||||| |||||||||| | |||||||||| || |||||||||| ||| |||||||||| |||| (from $10 to $14) bread: |||||||||| ||||||||| |||||||| ||||||| |||||| (from 10 to 6) where bread was $1 becomes $2.33 your wage may go up but the amount of bread it gets you is less |
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they gave negative trust rating because your clown army you support(doomad hosted) cried to them with victim tears.
No ser, Gregory Maxwell and Andrew Chow gave YOU negative trust-ratings because YOU have been spreading lies, disinformation, FUD, and have been gaslighting people. If you know the truth and you are right, then why the negative trust-ratings given to you by two of the most trustworthy people in the forum? Copy and paste? Frankandbeans, your big blocker Anti-Core-Developers posts are copy-pasted from Mike Hearn's and Roger Ver's propaganda. when your cult of idiots treating core devs as immortal gods cried to your gods to put neg trust.. that then becomes a meaningless reference to then ask why the negative trust.. because you know your cult leader requested it your just circling the same victim card you created for yourself. the whole debates i had in that era were about how segwit opens up an exploit that can allow junk.. and funnily enough ordinals proved my point my evidence is based on code and block data and backed up by researchable data and examples of exploits actually being used. your rebuttals are based on emotion and tears crying about crying gets you no where and proves nothing. apart from you are wanting to play victim by you not doing research, thus getting confused then crying that it must be me confusing you becasue i dont say the same songs as your cult. then crying about it.. says more about you than anyone if you want to learn. do your research. if you dont want to learn. stay ignorant jsut stop crying about the position you put yourself into as a self admitted 'pleb'(the insult YOU gave yourself) that feels like a victim.. you made yourself a victim, and you are unwilling to accept what you done to yourself. or more so not done to improve your circumstance you keep bringing up "negative trust, why" and "franknbean" you cant even come up with anything new, you just cycle the same tripe your mentor spewed at you saying franky is wrong because he made my sugar daddy cry, is not proof of any debunking of what i sayyou cant even articulate a way of saying it differently, independently of your cult leaders script
Ser, do your own research. They're hoarding, not selling.
anyway china is offering out gold.. just not back to america.. yes it took in gold and is now offering it out. that how trade works.. the only difference is they are just not offering it back to the west asia and the middle east are trading gold and shuffling it around they are even offering it to the real estate buyers as a way to keep the 'paper' price of real estate property at market rate while the buyer gets an instant "cash-back" in the form of upto 1kg bars of gold(yep its the sneaky way to protect real estate market while back-hander deals to offer discount after contract signed at market rate.. kinda smart actually, very economics savvy) as for energy now diesel prices are coming back to this past decades norms of the $3 range as oppose to the $6 high gold miners can mine again cheaper than last couple years. so expect golds ATH range now to correct again DOWN when gold mining season begins in spring other goods and products will see CPI relax too due to lower fuel costs compare to previous few years as for electrification of energy. well power plants still need to convert to renewables over next 20 years so expect longer term prices to not return to old prices. |
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yes choices are narrower. but by pre-planning, even that can stretch the money, food to last a few days longer than expected
this is where people then have to get creative about increasing income
and yes increasing income is a different debate which is another category.. separate from the minimalist vs frugal planning concept
when you live in an area where there are buses, where there are shops that sell shoes/clothes. there are opportunities.
heck when you speak with friends and family and speak of the things they wish they could have, even that can be an opportunity. but thats for another category of discussion
Yes, some savings are still possible for those who are on a tight budget but saving some bucks every month will not lead to any fortune today. I think that the only solution for those people or families who struggle is to make some savings and instead of collecting bitcoins, saving is not about making a fortune.. its about having a small rescue package. a small emergency pot anything else you can accumulate ontop thats not needed in the short term incidents you can put into long term investments saving should be in easy access cash form.. investments should be in asset form savings is the easy access pot to save you from having to rush to sell assets or rush to use debt |
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it was actually suggested the character of moses was the story of exodus wrote by the writer who put himmself into his own story to give himself some provenance..
you know.. write a story of fiction, make yourself the hero, tell people of the book and get people to sell, recite it around the villages and make yourself famous.
then with the fame then start the religion based on your rules you also created but saying the rules came from magic mystery giant in the clouds so no one can question it
my opinion. a science fiction writer started a campfire on the top of the hill by burning a bush to stay warm, found some magic mushrooms. started talking to himself while thinking the fire was his conscience speaking to him. and he envisioned his own path of gathering a flock of loyal people to follow him, one mushroom lead to another and by the time he sobered up and came down the hill. he had a action plan and rule book to start a religion
..
science can carbon date things and show how old neanderthals and humans have been around and cave paintings have proven the limitations of the written word where most communication was of campfire stories not books for the adam and eve renditions
books came later with many revisions and many translations , scriptures before it pieced together where multiple different stories are made into one
like the story of character moses found as a baby is likened to/plagiarised from the origin story of king Sargon of Akkad legend
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i wouldnt call it a war on bitcoin. id call it a WALL on bitcoin
creating barriers of entry is more about giving those with money, position, prestige a higher level of success and ease compared to the normal guy, its like artificially causing demand for the prestigious offering while making the start up look bad.
take anything..
you cant open a shop these days by just putting a sign outside your house. you need to buy liability insurance for any patrons. you need to get planning permission for any signage at the front of building, you need to change the purpose of the building from residential to business. then you have to pay some business tax to local government. you need to then build a business plan and submit it to a bank to get a business bank account. and so on and so on
its not a war on commerce, its just setting min standards to create a barrier of entry that benefit those that are ahead of the game instead of those starting out..
even farming. the EPA wants inspections, food standards, the list goes on.
making the family farm unsuccessful while bringing profits for the industrial farm
making the hobby miner unprofitable while the asic farm that meets the grade be successful
one prime example is things like carbon credits and income tax/cap gains
small independent asic users on a pools running from their home garage using grid electric they have no special contracts with vs a industrial asic farm that has all the most efficient asics in the most cheapest electric thats hydro power contracted thus not costing them carbon credits.. being big enough to afford an accountant that can avoid tax of cap gains.. will win compared to a hobby miner
so when governments are getting audited accounts from a asic farm paying after deductions just 2% tax legally. the hobby miner self-assessing paying upto 40%. the government will want to chase the small guy that avoids filing. so they may want to know all miners on the network to chase tax evaders
its the same game for many industries
so i dont see it as war.. more like a wall(barrier of entry) to benefit the privileged
if wall street sees citizens owning bitcoin direct as a competition to their hopes citizens buy their pension pot shares. then they will lobby for regulations that make barriers of entry for direct btc ownership by independent citizens
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The US is a consumer market,
of only 250m earners with cash.. there is upto 7.7billion people that were ignored, less preferred due to US controls/sanctions/trade deals. Oh yes, locally our government only cares about their comrades, leaving those in "their" in misery caused by the same government, the Stalin chicken story applied to humans. Human nature is to forget about those who are not your kin. We are simply too many, the times people cared more was before Christianity took hold. Nature of many politicians is to provide for themselves. point is.. even if china wanted to trade with say.. canada.. due to how america positioned itself in the international markets US then started setting the rules of world wide trade meaning even trade between china and canada meant having to follow the law of the US by china removing itself from US trade commissions as part of brics and de-dollarisation china can actually then do proper mutually agreed terms deals with canada direct without the US stipulations its like gym memberships if you cancel the membership. you cannot then be sanctioned with conditions of using the gym facilities or be charged extra membership fees as a fine or be told what to do or not do.. because you are no longer a member. its like.. if you are not part of nato. then nato cant do anything to you.. which is why nato by not having ukraine or russia as members cant even get involved in the conflict.. countries are wising up that memberships into certain commissions come with conditions. and when conditions get bad. its time to leave and join a different membership with other benefits china does and will trade with hundreds of countries. just not under the terms of US trade commissions going forward |
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