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I'm also considering the same move but for another reason. I don't like their last upgrade. I've never had much money on that account, but it was convenient and accessible from everywhere, even via Tor, but I don't want to give them my email address.
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So what? Market cap is 25% lower from what it was 2 years ago, so it's too early to party, yet. Let's wait some more. Maybe we won't have to wait long...
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It's been suggested that if Wal-Mart chose to accept BTC, it would need to get some service from Coinbase or Bitpay, but I don't think so.
If Wal-Mart has chosen to stop accepting Visa to save millions, this isn't to give millions to another payment processor.
I believe Wal-Mart could get into the exchange business. Run a node in every store? Piece of cake. Get a money transmitting license? Difficult for an individual, but easy to Wal-Mart. I don't think they'll do it, but if it wanted, Wal-Mart could.
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Imagine that the cost of having a mobile phone which doesn't work anywhere costs about one quarter of your monthly income.
The people are poor out there. Real poor.
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There can never be a stateless society. The smallest state might be the family. But if there was no state, there would be no society.
For 99.8% of human history people lived exclusively in autonomous bands and villages. What were they? They were states, societies, families, friends, and religious activists.  I guess we have to define state and society. I believe there could be a society without a state, I may even believe that I believe in one. I hate the state in the sense that I hate bureaucracy, being told what to do and how to do it, or the fact that if I pick a phone, my conservation may be listened to by the CIA. But society is OK because it's informal. I have friends, we're going out for dinner, and that's it. I talked to the cashier at the grocery store earlier today, the state wasn't there. I have escaped all kind of government control, and there are thousands others like me. I hope our number will keep on growing. What you don't seem to realize is that it's precisely the things you hate that make the things you love about modern society possible. All of the perks of the modern world are only possible with the current configuration. You can't separate the things you love from the things you hate, they go hand in hand. If you're being honest and really feel strongly about how the world is evolving then the impeccable thing for you to do would be to detach from it and make your own way, for better or worse. It's just pure hypocrisy if you take all of the things you enjoy but shun the burden that go hand in hand with them and blame it all on "the man" or "them". You are "the man", everyone is "the man" for as long as you accept the benefits of the modern world. I find it amazing that someone I've never met is able to tell what I like and what I dislike. You have a lot of imagination ObscureBean. I'll tell you something I like. I like starvation. I say people dying from hunger is good. There should be more of them, especially in Europe. If you've never experienced starvation, I wish you'll experience it soon. The example of people dying from hunger is good for others, and suffering from starvation is helpful to make good life's decisions. to many people, I guess it's also needed. All over Europe, I see people making mistakes because the state, the country, governments and all that, prevent them from starving. The world would be better with the risk of starvation above anyone's head. |
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I don't think this is "gun culture", this is plain madness. The guy who did it belonged to a mental hospital. He could have done it with a knife, or an axe with the same deadly results.
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There are several reasons, many already mentioned above, but I'll add 2.
1/ As a seller, it's annoying that as an individual who travels frequently, I need to to have a computer running 24/7. If some kind of hosting in the cloud, or a cache system could be offered, that would help a lot.
2/ As a buyer, I have yet to see something interesting to buy at OpenBazaar. I know this is the early days, but we're still waiting for the killer product (don't know what it could be) which could drove thousands to shop at OpenBazaar.
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http://www.wsj.com/articles/wal-mart-says-it-will-stop-accepting-visa-cards-in-canadian-stores-1465592845This is the most surprising news I've read in a long time. I had always thought that with so many people hooked on cards in America, retailers had no choice but to accept them whatever the conditions, but I'm pleased to be wrong. OK, this isn't BTC related, but it shows that if a payment system isn't satisfactory, companies are open to the idea of dumping it. So they may as well be open to new payment systems. Let's see, could there be another payment system, cheaper than Visa, and that people could use at Wal-Mart?
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This isn't the first time, nor the last, that the police is making a mistake. Actually, to the man who was wrongly accused, I think this is a huge chance. Now many people will look at him with sympathy. He will have opportunities that he wouldn't have if he had remained unknown.
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There can never be a stateless society. The smallest state might be the family. But if there was no state, there would be no society.
For 99.8% of human history people lived exclusively in autonomous bands and villages. What were they? They were states, societies, families, friends, and religious activists. I guess we have to define state and society. I believe there could be a society without a state, I may even believe that I believe in one. I hate the state in the sense that I hate bureaucracy, being told what to do and how to do it, or the fact that if I pick a phone, my conservation may be listened to by the CIA. But society is OK because it's informal. I have friends, we're going out for dinner, and that's it. I talked to the cashier at the grocery store earlier today, the state wasn't there. I have escaped all kind of government control, and there are thousands others like me. I hope our number will keep on growing. |
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Don't reply! Why should you? Everybody is free to have its own opinions and beliefs. Don't they teach tolerance in school?
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Thanks for your answer guys. I did try to order a Bitcoin creditcard, but my mistake was that I ordered two (different sites to test them out). Both had the same creditcard provider which locked me out unless I showed all kinds of documents.
I'm going to try out local bitcoins, but how do I know the money they are giving is real?
Easy, it isn't online. You will meet physically someone. Face to face. So unless you're given forged notes, or the guy in front of you is a magician, the money will be real. |
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A corporation? A trust? That cost thousands to set up, and hundreds each year to keep it going. It's much cheaper to buy as an individual. You need a passport, but most people have one, me included. I hate to say it, but a passport is a must-have in this world. You can't travel without one. Fortunately, if having one means you're a citizen, you're not required to act like one, and that's what I do. However, there are people set up in many countries who will do it for you for a much smaller fee. Ever heard of the Panama Papers? I suggest you find a picture of the Mossack Fonseca building in Panama. My little finger tells me that lawyers who have their offices in a great building like they have command very high fees. Regarding stateless people, there are unfortunately millions of them in the world, and I'm very happy not to be one of them. BTC is totally useless to them, just like a microwave oven. I'm sure they've never heard of it. They come in all sizes with all kinds of fees. A trust is never cheap. You may also consider that you cannot do anything you want with one. In most European countries, it's impossible to buy a property under the name of some company in Panama, you 'll have to set up a local company with a known legal owner (who can be a lawyer). In general, a trust is the cheapest thing in the world. For example. You go over to your girlfriend's place. She is fixing a snack in the kitchen, while you are tuning the game in on TV. She comes to you with a bag of cat food in her hands. She holds out the cat food to you and says, "Will you please feed Kitty while I am working in the kitchen?" You say, "Yes," and accept the cat food from her. You have a simple, common law trust going. She is the creator. You are the trustee. Kitty is the beneficiary. Now, all you need to do is write it all down, add some words to it that express not only the job at hand - feeding the cat - but all kinds of other things you can do in the "name" of the trust... like set up bank accounts, buy property, accept donations, you name it. In civil law countries - like most of Europe - you need to know the law regarding some of the things that you can do. But in the U.K. (like in Canada and the U.S. and Australia) you can simply state that the trust is made under English Common Law predating 1800, and you can add anything to it that you want, as long as it does not intentionally speak to harm someone or damage his property. If the trust states that the creator and you are the only people that have anything to do with the trust, the trust is property of yours (proper to you) and the legal codes do not apply as long as you enforce the property rights of the trust against government if they come after you in the courts. Simple as that. However, this does not mean that the banks have to honor the trust and set up a bank account in the name of the trust if you ask for it. But the trust can own a corporation or LLC which the banks WILL honor setting up accounts for. Here is a copy of a simple, English Common Law trust. I suggest that you DON'T use it as is. If you are going to use it, read it through, and make it stronger by adding words that limit government's ability to attack it. For example, you might want to add the words somewhere, "It is the intent of the Creator and the Trustee that the income of this trust remain untaxed to the trust, trustee or the Beneficiary(ies)." TWENTY YEAR REVERSIONARY SIMPLE TRUST
Date:
TRUST AGREEMENT BETWEEN:
(Creator) Name:
Mailing Location:
City:
State:
and
(Trust) Name:
Mailing Location:
City:
State:
(Trustee) Name:
The creator hereby conveys, assigns, transfers, and delivers to the trustee the sum of One (1) United States Silver Dollar (Silver Eagle) and such other assets and property as now and in the future may be so transferred as described in Schedule A, attached hereto and made a part hereof, the receipt of which the Trustee hereby acknowledges, and to have to hold the said property, hereinafter called the Trust Estate, unto the Trustee in trust for the purposes and terms as set forth below.
Beneficiary: This trust is established for the benefit of
INVESTMENT- MANAGEMENT: The Trustee, or its General manager assigns, shall invest and reinvest the Trust Estate in its discretion, without regard for any law prescribing or limiting the investment powers of fiduciaries, in any security, but not limited to Stocks, Commodities, Precious Metals, Mutual Funds, Real estate, Bank CD's and L/C's, Warehouse and Elevator Receipts, Stamps, Waybills, Options, Commercial Paper, Accounts Receivable, Royalty and Limited Partnership Interests, Copyrights, Patents, Requests Anticipated, etc.
PURCHASE AND SALE OF SECURITIES: Capital assets and securities may be purchased on the installment sales basis at the Trustee's discretion. Commercial paper securities may be sold at any price, i.e. at, above or below cost at the sole discretion of the Trustee or its assigns. Investments may be HYPOTHECATED and loaned out, and Monies can be borrowed.
BANKING: Regular checking, saving, thrift and other saving accounts may be opened, maintained, and closed at the discretion of the Trustee or its assigns. The Trustee or its assigns may appoint third party bookkeepers to manage, deposit, and withdraw from said accounts.
FORMATION AND PROTECTION: This trust is formed under English Common Law.
LEGAL STATUS AND VALIDITY: The validity of this Trust is subject to the courts of its Situs.
DONORS AND SELLERS: Anyone may donate assets to this Trust, and anyone may sell assets to this Trust. Upon termination of this Trust the Trustee or its assigns shall pay to the Donors the then current value of their Donations, or to the Donor's Estate. Settlers who have the right of first refusal under a Buy/Sell Agreement may exercise their rights at any time the Trust remains in operation or as long as the Trust's Successor remains in operation.
DISTRIBUTION AND TERMINATION: The Trustee or its assigns shall distribute all net income to the Beneficiary or on its behalf for a period of twenty (20) years from the date of this agreement, at which time it may be renewed with a new Agreement. It is the intent of the Creator and the Trustee to so renew unless stated by them otherwise.
POUR-OVER AUTHORITY: For the purpose of renewing this Agreement, the assets of the existing Agreement may be "poured-over" into the Renewable Agreement by the Trustee.
LAW SUITS: This Trust shall settle, compromise, pursue, and/or oppose law suits, fines, liens, levies, assessments, purported claims for debts, libel, etc. by both public and private parties and agencies.
TAXES: The Trustee is to pay all properly due taxes and to file all properly due tax returns. This Trust shall be properly operated as a "Simple Trust" and distributes all net income to its legal Beneficiary.
TRUSTEE WAGES: The trust shall pay the Trustee "a reasonable wage". A reasonable wage is defined as: payment of all of Trustee's expenses, including but not limited to, all living expenses. Additional wages may also be provided for Trustee services.
OUTSIDE HELP AND ADVICE: The Trustee or its assigns may utilize outside consultants, brokers, attorneys, accountants, appraisers, custodians, employees, independent contractors, and pay them compensation as the Trustee may deem advisable.
BONDS AND FEES: The Trustee or its assigns may transfer, assign, mortgage, apply and remove liens on property, perfect title, and furnish copies of bills of sale, deeds, trust indentures, corporate charters, resolutions, and such other legal paperwork as may be necessary to effect legal change of ownership of real estate property. Trustee may serve without Bond or Fees.
OWNERSHIP TITLE: Title to assets may be held in the name of this Trust, the names of the Trustee or its assigns, in street name, or in bearer name. Any monies received by an agent-nominee for and on behalf of this Trust shall not be considered to have been constructively received by said nominee-agent, but shall accrue solely for the benefit and legal ownership of this Trust.
TRUSTEE RESIGNATION OR DEPARTURE: Should the Trustee resign, cease to exist, or depart for any reason, the successor Trustee shall be per schedule B of this agreement.
IRREVOCABLE: This Trust is irrevocable and cannot be changed, revoked, or terminated of even blocked by the Creator, Trustee, or Beneficiary. No other parties are legally associated.
IN WITNESS WHEREOF, said Creator and Trustee have hereto set their respective hands and Seals.
(CREATOR)
BY DATE
Creator
(TRUSTEE)
BY DATE
Trustee Not very sure of that what you're trying to prove. I know it can be easy to set up a trust, but the question which matters is what you can do with it. There are more than 200 countries in this world, and such a trust would have some us in only a handful. Even in the UK, you go to HSBC trying to open an account with a trust like your example, and I doubt they will accept you as a customer. Things are not easy. Countries make everything difficult. Did you miss the part where I said, "But the trust can own a corporation or LLC which the banks WILL honor setting up accounts for?" I very precisely answered that point. With all the AML and KYC regulations we have nowadays, you may try to open a bank account for a trust but if the person in charge, or the shareholders, are not fully identified legal residents in the country, the bank will politely say that it doesn't want to do business with you, and that will be the end of the discussion. Well, I never said it would be easy. But who might be disagreeing with you? Certainly not me. You sound like you understand the English language. So, did you miss the part where I DIDN'T say anything about the banks opening an account for the trust? Well, I guess it isn't going anywhere. Your words: "But the trust can own a corporation or LLC which the banks WILL honor setting up accounts for?"And mine in a more precise way: it makes no difference if you want to open a bank account for a trust or a company-owned trust. It's the same thing, only with an extra level added. Back to the subject, I don't think a trust could be of any use in a stateless society. |
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A corporation? A trust? That cost thousands to set up, and hundreds each year to keep it going. It's much cheaper to buy as an individual. You need a passport, but most people have one, me included. I hate to say it, but a passport is a must-have in this world. You can't travel without one. Fortunately, if having one means you're a citizen, you're not required to act like one, and that's what I do. However, there are people set up in many countries who will do it for you for a much smaller fee. Ever heard of the Panama Papers? I suggest you find a picture of the Mossack Fonseca building in Panama. My little finger tells me that lawyers who have their offices in a great building like they have command very high fees. Regarding stateless people, there are unfortunately millions of them in the world, and I'm very happy not to be one of them. BTC is totally useless to them, just like a microwave oven. I'm sure they've never heard of it. They come in all sizes with all kinds of fees. A trust is never cheap. You may also consider that you cannot do anything you want with one. In most European countries, it's impossible to buy a property under the name of some company in Panama, you 'll have to set up a local company with a known legal owner (who can be a lawyer). In general, a trust is the cheapest thing in the world. For example. You go over to your girlfriend's place. She is fixing a snack in the kitchen, while you are tuning the game in on TV. She comes to you with a bag of cat food in her hands. She holds out the cat food to you and says, "Will you please feed Kitty while I am working in the kitchen?" You say, "Yes," and accept the cat food from her. You have a simple, common law trust going. She is the creator. You are the trustee. Kitty is the beneficiary. Now, all you need to do is write it all down, add some words to it that express not only the job at hand - feeding the cat - but all kinds of other things you can do in the "name" of the trust... like set up bank accounts, buy property, accept donations, you name it. In civil law countries - like most of Europe - you need to know the law regarding some of the things that you can do. But in the U.K. (like in Canada and the U.S. and Australia) you can simply state that the trust is made under English Common Law predating 1800, and you can add anything to it that you want, as long as it does not intentionally speak to harm someone or damage his property. If the trust states that the creator and you are the only people that have anything to do with the trust, the trust is property of yours (proper to you) and the legal codes do not apply as long as you enforce the property rights of the trust against government if they come after you in the courts. Simple as that. However, this does not mean that the banks have to honor the trust and set up a bank account in the name of the trust if you ask for it. But the trust can own a corporation or LLC which the banks WILL honor setting up accounts for. Here is a copy of a simple, English Common Law trust. I suggest that you DON'T use it as is. If you are going to use it, read it through, and make it stronger by adding words that limit government's ability to attack it. For example, you might want to add the words somewhere, "It is the intent of the Creator and the Trustee that the income of this trust remain untaxed to the trust, trustee or the Beneficiary(ies)." TWENTY YEAR REVERSIONARY SIMPLE TRUST
Date:
TRUST AGREEMENT BETWEEN:
(Creator) Name:
Mailing Location:
City:
State:
and
(Trust) Name:
Mailing Location:
City:
State:
(Trustee) Name:
The creator hereby conveys, assigns, transfers, and delivers to the trustee the sum of One (1) United States Silver Dollar (Silver Eagle) and such other assets and property as now and in the future may be so transferred as described in Schedule A, attached hereto and made a part hereof, the receipt of which the Trustee hereby acknowledges, and to have to hold the said property, hereinafter called the Trust Estate, unto the Trustee in trust for the purposes and terms as set forth below.
Beneficiary: This trust is established for the benefit of
INVESTMENT- MANAGEMENT: The Trustee, or its General manager assigns, shall invest and reinvest the Trust Estate in its discretion, without regard for any law prescribing or limiting the investment powers of fiduciaries, in any security, but not limited to Stocks, Commodities, Precious Metals, Mutual Funds, Real estate, Bank CD's and L/C's, Warehouse and Elevator Receipts, Stamps, Waybills, Options, Commercial Paper, Accounts Receivable, Royalty and Limited Partnership Interests, Copyrights, Patents, Requests Anticipated, etc.
PURCHASE AND SALE OF SECURITIES: Capital assets and securities may be purchased on the installment sales basis at the Trustee's discretion. Commercial paper securities may be sold at any price, i.e. at, above or below cost at the sole discretion of the Trustee or its assigns. Investments may be HYPOTHECATED and loaned out, and Monies can be borrowed.
BANKING: Regular checking, saving, thrift and other saving accounts may be opened, maintained, and closed at the discretion of the Trustee or its assigns. The Trustee or its assigns may appoint third party bookkeepers to manage, deposit, and withdraw from said accounts.
FORMATION AND PROTECTION: This trust is formed under English Common Law.
LEGAL STATUS AND VALIDITY: The validity of this Trust is subject to the courts of its Situs.
DONORS AND SELLERS: Anyone may donate assets to this Trust, and anyone may sell assets to this Trust. Upon termination of this Trust the Trustee or its assigns shall pay to the Donors the then current value of their Donations, or to the Donor's Estate. Settlers who have the right of first refusal under a Buy/Sell Agreement may exercise their rights at any time the Trust remains in operation or as long as the Trust's Successor remains in operation.
DISTRIBUTION AND TERMINATION: The Trustee or its assigns shall distribute all net income to the Beneficiary or on its behalf for a period of twenty (20) years from the date of this agreement, at which time it may be renewed with a new Agreement. It is the intent of the Creator and the Trustee to so renew unless stated by them otherwise.
POUR-OVER AUTHORITY: For the purpose of renewing this Agreement, the assets of the existing Agreement may be "poured-over" into the Renewable Agreement by the Trustee.
LAW SUITS: This Trust shall settle, compromise, pursue, and/or oppose law suits, fines, liens, levies, assessments, purported claims for debts, libel, etc. by both public and private parties and agencies.
TAXES: The Trustee is to pay all properly due taxes and to file all properly due tax returns. This Trust shall be properly operated as a "Simple Trust" and distributes all net income to its legal Beneficiary.
TRUSTEE WAGES: The trust shall pay the Trustee "a reasonable wage". A reasonable wage is defined as: payment of all of Trustee's expenses, including but not limited to, all living expenses. Additional wages may also be provided for Trustee services.
OUTSIDE HELP AND ADVICE: The Trustee or its assigns may utilize outside consultants, brokers, attorneys, accountants, appraisers, custodians, employees, independent contractors, and pay them compensation as the Trustee may deem advisable.
BONDS AND FEES: The Trustee or its assigns may transfer, assign, mortgage, apply and remove liens on property, perfect title, and furnish copies of bills of sale, deeds, trust indentures, corporate charters, resolutions, and such other legal paperwork as may be necessary to effect legal change of ownership of real estate property. Trustee may serve without Bond or Fees.
OWNERSHIP TITLE: Title to assets may be held in the name of this Trust, the names of the Trustee or its assigns, in street name, or in bearer name. Any monies received by an agent-nominee for and on behalf of this Trust shall not be considered to have been constructively received by said nominee-agent, but shall accrue solely for the benefit and legal ownership of this Trust.
TRUSTEE RESIGNATION OR DEPARTURE: Should the Trustee resign, cease to exist, or depart for any reason, the successor Trustee shall be per schedule B of this agreement.
IRREVOCABLE: This Trust is irrevocable and cannot be changed, revoked, or terminated of even blocked by the Creator, Trustee, or Beneficiary. No other parties are legally associated.
IN WITNESS WHEREOF, said Creator and Trustee have hereto set their respective hands and Seals.
(CREATOR)
BY DATE
Creator
(TRUSTEE)
BY DATE
Trustee Not very sure of that what you're trying to prove. I know it can be easy to set up a trust, but the question which matters is what you can do with it. There are more than 200 countries in this world, and such a trust would have some us in only a handful. Even in the UK, you go to HSBC trying to open an account with a trust like your example, and I doubt they will accept you as a customer. Things are not easy. Countries make everything difficult. Did you miss the part where I said, "But the trust can own a corporation or LLC which the banks WILL honor setting up accounts for?" I very precisely answered that point. With all the AML and KYC regulations we have nowadays, you may try to open a bank account for a trust but if the person in charge, or the shareholders, are not fully identified legal residents in the country, the bank will politely say that it doesn't want to do business with you, and that will be the end of the discussion. |
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There's a huge risk it would become like youtube or booking with people on fiverr advertising their talents to write fake comments or reviews. So it'll be worthless...
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A corporation? A trust? That cost thousands to set up, and hundreds each year to keep it going. It's much cheaper to buy as an individual. You need a passport, but most people have one, me included. I hate to say it, but a passport is a must-have in this world. You can't travel without one. Fortunately, if having one means you're a citizen, you're not required to act like one, and that's what I do. However, there are people set up in many countries who will do it for you for a much smaller fee. Ever heard of the Panama Papers? I suggest you find a picture of the Mossack Fonseca building in Panama. My little finger tells me that lawyers who have their offices in a great building like they have command very high fees. Regarding stateless people, there are unfortunately millions of them in the world, and I'm very happy not to be one of them. BTC is totally useless to them, just like a microwave oven. I'm sure they've never heard of it. They come in all sizes with all kinds of fees. A trust is never cheap. You may also consider that you cannot do anything you want with one. In most European countries, it's impossible to buy a property under the name of some company in Panama, you 'll have to set up a local company with a known legal owner (who can be a lawyer). In general, a trust is the cheapest thing in the world. For example. You go over to your girlfriend's place. She is fixing a snack in the kitchen, while you are tuning the game in on TV. She comes to you with a bag of cat food in her hands. She holds out the cat food to you and says, "Will you please feed Kitty while I am working in the kitchen?" You say, "Yes," and accept the cat food from her. You have a simple, common law trust going. She is the creator. You are the trustee. Kitty is the beneficiary. Now, all you need to do is write it all down, add some words to it that express not only the job at hand - feeding the cat - but all kinds of other things you can do in the "name" of the trust... like set up bank accounts, buy property, accept donations, you name it. In civil law countries - like most of Europe - you need to know the law regarding some of the things that you can do. But in the U.K. (like in Canada and the U.S. and Australia) you can simply state that the trust is made under English Common Law predating 1800, and you can add anything to it that you want, as long as it does not intentionally speak to harm someone or damage his property. If the trust states that the creator and you are the only people that have anything to do with the trust, the trust is property of yours (proper to you) and the legal codes do not apply as long as you enforce the property rights of the trust against government if they come after you in the courts. Simple as that. However, this does not mean that the banks have to honor the trust and set up a bank account in the name of the trust if you ask for it. But the trust can own a corporation or LLC which the banks WILL honor setting up accounts for. Here is a copy of a simple, English Common Law trust. I suggest that you DON'T use it as is. If you are going to use it, read it through, and make it stronger by adding words that limit government's ability to attack it. For example, you might want to add the words somewhere, "It is the intent of the Creator and the Trustee that the income of this trust remain untaxed to the trust, trustee or the Beneficiary(ies)." TWENTY YEAR REVERSIONARY SIMPLE TRUST
Date:
TRUST AGREEMENT BETWEEN:
(Creator) Name:
Mailing Location:
City:
State:
and
(Trust) Name:
Mailing Location:
City:
State:
(Trustee) Name:
The creator hereby conveys, assigns, transfers, and delivers to the trustee the sum of One (1) United States Silver Dollar (Silver Eagle) and such other assets and property as now and in the future may be so transferred as described in Schedule A, attached hereto and made a part hereof, the receipt of which the Trustee hereby acknowledges, and to have to hold the said property, hereinafter called the Trust Estate, unto the Trustee in trust for the purposes and terms as set forth below.
Beneficiary: This trust is established for the benefit of
INVESTMENT- MANAGEMENT: The Trustee, or its General manager assigns, shall invest and reinvest the Trust Estate in its discretion, without regard for any law prescribing or limiting the investment powers of fiduciaries, in any security, but not limited to Stocks, Commodities, Precious Metals, Mutual Funds, Real estate, Bank CD's and L/C's, Warehouse and Elevator Receipts, Stamps, Waybills, Options, Commercial Paper, Accounts Receivable, Royalty and Limited Partnership Interests, Copyrights, Patents, Requests Anticipated, etc.
PURCHASE AND SALE OF SECURITIES: Capital assets and securities may be purchased on the installment sales basis at the Trustee's discretion. Commercial paper securities may be sold at any price, i.e. at, above or below cost at the sole discretion of the Trustee or its assigns. Investments may be HYPOTHECATED and loaned out, and Monies can be borrowed.
BANKING: Regular checking, saving, thrift and other saving accounts may be opened, maintained, and closed at the discretion of the Trustee or its assigns. The Trustee or its assigns may appoint third party bookkeepers to manage, deposit, and withdraw from said accounts.
FORMATION AND PROTECTION: This trust is formed under English Common Law.
LEGAL STATUS AND VALIDITY: The validity of this Trust is subject to the courts of its Situs.
DONORS AND SELLERS: Anyone may donate assets to this Trust, and anyone may sell assets to this Trust. Upon termination of this Trust the Trustee or its assigns shall pay to the Donors the then current value of their Donations, or to the Donor's Estate. Settlers who have the right of first refusal under a Buy/Sell Agreement may exercise their rights at any time the Trust remains in operation or as long as the Trust's Successor remains in operation.
DISTRIBUTION AND TERMINATION: The Trustee or its assigns shall distribute all net income to the Beneficiary or on its behalf for a period of twenty (20) years from the date of this agreement, at which time it may be renewed with a new Agreement. It is the intent of the Creator and the Trustee to so renew unless stated by them otherwise.
POUR-OVER AUTHORITY: For the purpose of renewing this Agreement, the assets of the existing Agreement may be "poured-over" into the Renewable Agreement by the Trustee.
LAW SUITS: This Trust shall settle, compromise, pursue, and/or oppose law suits, fines, liens, levies, assessments, purported claims for debts, libel, etc. by both public and private parties and agencies.
TAXES: The Trustee is to pay all properly due taxes and to file all properly due tax returns. This Trust shall be properly operated as a "Simple Trust" and distributes all net income to its legal Beneficiary.
TRUSTEE WAGES: The trust shall pay the Trustee "a reasonable wage". A reasonable wage is defined as: payment of all of Trustee's expenses, including but not limited to, all living expenses. Additional wages may also be provided for Trustee services.
OUTSIDE HELP AND ADVICE: The Trustee or its assigns may utilize outside consultants, brokers, attorneys, accountants, appraisers, custodians, employees, independent contractors, and pay them compensation as the Trustee may deem advisable.
BONDS AND FEES: The Trustee or its assigns may transfer, assign, mortgage, apply and remove liens on property, perfect title, and furnish copies of bills of sale, deeds, trust indentures, corporate charters, resolutions, and such other legal paperwork as may be necessary to effect legal change of ownership of real estate property. Trustee may serve without Bond or Fees.
OWNERSHIP TITLE: Title to assets may be held in the name of this Trust, the names of the Trustee or its assigns, in street name, or in bearer name. Any monies received by an agent-nominee for and on behalf of this Trust shall not be considered to have been constructively received by said nominee-agent, but shall accrue solely for the benefit and legal ownership of this Trust.
TRUSTEE RESIGNATION OR DEPARTURE: Should the Trustee resign, cease to exist, or depart for any reason, the successor Trustee shall be per schedule B of this agreement.
IRREVOCABLE: This Trust is irrevocable and cannot be changed, revoked, or terminated of even blocked by the Creator, Trustee, or Beneficiary. No other parties are legally associated.
IN WITNESS WHEREOF, said Creator and Trustee have hereto set their respective hands and Seals.
(CREATOR)
BY DATE
Creator
(TRUSTEE)
BY DATE
Trustee Not very sure of that what you're trying to prove. I know it can be easy to set up a trust, but the question which matters is what you can do with it. There are more than 200 countries in this world, and such a trust would have some us in only a handful. Even in the UK, you go to HSBC trying to open an account with a trust like your example, and I doubt they will accept you as a customer. Things are not easy. Countries make everything difficult. |
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Wow, hadn't thought of that. Murdering all miners and node operators. I guess that if one country does this, all the people involved with BTC in that country would just emigrate. But frankly, this is most unlikely to ever happen. As long as BTC doesn't harm anyone, it would take a dictator to impose such rules, and they shall have other priorities.
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I wish there was a "Yes, but could be improved" choice.
Anyway, BTC is quite all right, the real issue is with exchanges. I wish there shops somewhere where you could buy BTC over the counter and pay with cash, just like you do to buy a soda.
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A corporation? A trust? That cost thousands to set up, and hundreds each year to keep it going. It's much cheaper to buy as an individual. You need a passport, but most people have one, me included. I hate to say it, but a passport is a must-have in this world. You can't travel without one. Fortunately, if having one means you're a citizen, you're not required to act like one, and that's what I do. However, there are people set up in many countries who will do it for you for a much smaller fee. Ever heard of the Panama Papers? I suggest you find a picture of the Mossack Fonseca building in Panama. My little finger tells me that lawyers who have their offices in a great building like they have command very high fees. Regarding stateless people, there are unfortunately millions of them in the world, and I'm very happy not to be one of them. BTC is totally useless to them, just like a microwave oven. I'm sure they've never heard of it. They come in all sizes with all kinds of fees. A trust is never cheap. You may also consider that you cannot do anything you want with one. In most European countries, it's impossible to buy a property under the name of some company in Panama, you 'll have to set up a local company with a known legal owner (who can be a lawyer). |
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Leave campaigners are concerned that a massive tax payer-funded push to register more than one million young people to vote will drastically alter the country’s European Union (EU) referendum result.
Of course. They would have preferred all those young people to stay at home and drink beer the way a proper Englishman should. Can you imagine that? All the young well-educated young brits will bother to vote in the coming referendum? That's incredible. |
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