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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency
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on: August 23, 2017, 03:31:34 PM
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5) You are a shop owner, and have registered a Monero address with the IRS as your official retailer address. You use this address for receiving payments from all of your customers. At the end of the year, the tax man uses the view key you provided them with to check how much you received, so that you pay the appropriate taxes....
Good stuff, but seriously, the IRS using your viewkey? The IRS forms are ancient, they have nothing for that sort of thing, so how will that ever work in this day and age? I understand it and agree, but I don't see the IRS actually giving any shits about that kind of thing. It's hard enough to claim BTC on tax forms, let alone any other crypto!  Monero is doing pretty well. Great to see ongoing developement.
Monero is so undervalued it's crazy. I'd still buy more if I could.  The privacy issue is all bullshit anyway - You have to convert your crypto to fiat to consume. So someone knows how much you spent on 1 transaction. How much do you still have left? bullshit? right |
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