meh! can't even point an ASIC miner like a KNC Jupiter 550gh on this coin yet, meh!

later

Brad

Well, not sure of current but on the date of  3/19/17, according to the IRS, only about 802 people via Coinbase reported their taxes according to IRS on crypto.

So indeed the people who paid or tried to pay taxes could be like under 10,000 folk and

of course, would be the easy, low hanging fruit to go after for adjustments and fees. Just IRS the folk already that did tax forms on Crypto and fish for issues.

Thus really tossing the whole crypto world on its head and dumping price back down for BTC to the $2k to $4k only price, if we were lucky.

https://fortune.com/2017/03/19/irs-bitcoin-lawsuit/

Not good on price if say 20% of whales suddenly have to come clean, or face consequences, in the USA, for all their crypto since 2009.

(See 2014 Crypto Guidelines). Yeah, it applies that far back all the way to 2009.

I don't think the NEW 2019 guidelines are gonna be any better likely worse. Probably require CVS to blockchain on every transaction and .pdf formats. i.e. 'real-accounting'

This and other Trump Administration FUD may put BTC and Crypto prices in the basement until well after next years BTC halving in 2020.

Probably, can't stop crypto and BTC but you probably can game it so the price of all the above is in the basement and keep any newbies away.

Brad

Yep. Also in the USA add 26.7% import tax and of that, you have 25% tariff from China and it is really, really, not worth the risk.

The ONLY compensation is I could take 25% off my gross income from the IRS and taxes on what I'm mining for this year 2019.

In that I'm NOT mining anything, even that does not work to offset the above, that would have to be from mining gross income.

Even the G32-500 they want $3500 bucks with PSU and this is less 25% tariff and shipping costs.

If you wanted to gamble in the USA you could 'bet' that tariffs would be OFF by the time the unit actually shipped

but you'd also have to bet that BTC and especially Alt Coins like GRIN Coin had also bounced back from these low prices on top of the 25% tariff going away.

Also, in my experience since 2013, (see the other post by me, above, for more) pre-orders in the past EVEN THE LEGIT ONES on average are 2 months late.

Indeed, it could be Jan of 2020 by the time this beastie ended up on your door, even without the 25% tariff to the USA.

Sheesh.

Brad

Yeah, I just can't justify it at:

1-The tariff of 27.6% including import fees to the USA.

2-Shipping the beast to boot costs on top of that.

3-Innsilicon won't say how many are pre-ordered or we have a way to even guess.
 
4-The first batch of any new algorithm is always iffy! Obelisk Grin Units are no more for that reason.

5-The powers that be are completely freaked about Bitcoin, imagine if they get a grasp of GRIN and Mimblewimble!

6-And the price is way too high for a pre-order IMHO. Add the China Tariff on this and truly doomed!

7-Pre-Orders rarely arrive on time. In my experience, the average at best is around 2 months late by the time they hit your porch.

8-Seems in the USA the IRS is gonna send me a letter, so I may have other fun issues to play with

9-Lastly, not a slam, if I get stuff from you guys instead, a bit more, you have to make a profit. (Do you at least have a year warranty or something to justify going thru you?)

On the other hand, I'm kinda pissed off about all the crypto FUD by the current Trump Administration, the price is not where I want it to be and Facebook Libra fiasco, and

of course, when I'm at such points in time, a truly 'stupid/off the wall/senseless and truly futile gesture' being entirely inappropriate is how I usually roll.

Or as I like to say, 'stupid' newbie tricks that worked in the past.

Worked in 2013 for KNC Jupiter 550gh BTC miner.

Worked in 2014 for KNC Neptune switched to a KNC Titan for more Algos to play with.

Worked in 2016 on a risky no-return buy of KNC Liquidation Titans with no real warranty or even we would get KNC Titans.

Worked in 2017 getting Bitmain L3's from China (not available in USA site at that time) via www.eastshore.xyz

(Eastshore did have a year warranty by the by back then) April 1st ordered on a whim.

Bitmain L3+'s when available from USA site finally.

Again, did so on April Fool's day and got laughed on here saying before LTC $6 was the floor on price on L3 orders before.

DID NOT WORK IN 2018 for 8 Bitmain L3+'s, but one does not expect a 75% drop in BTC prices don't ya know. Got my ass handed to me!

2019 NO FRIGGING IDEA! ??

So yeah, something stupid is probably called for, I've not decided yet as I await my IRS letter of doom

Probably flipping a coin on all above major decisions would be more likely to work out, I've gotten less brave the farther from Newbie status I get.

Crypto: Always Drama!

Brad

This is true. But if the Trump Administration can add 25% tariff on China and other idiocy, there is nothing to say they could not ban all exchanges in the USA or

other methods an attempt to kill bitcoin.

Or they could simply tell the IRS that we are even a 'more complete' interest and review out tax forms with the IRS as was done in the Red Scare of the 1950s

Roosevelt Administration banned GOLD for crying out loud. Even unenforceable just banning Bitcoin would probably kill it in the USA at least. Hard to mine BTC if

the banks won't take your $$$ for such, etc.

Thus they may not kill bitcoin, but any ham-handed approaches like the above would drive the price down to the 2k or below IMHO

they may not destroy bitcoin, but they could really, really mess up the store of value idea of Bitcoin.

So destroy no, get it back to  niche version of crypto from 2014 or so, price-wise and user wise by regulating users/exchanges and/or usual FUD...yep..they could

dump the price to $2k again easy by drying up any new interest in bitcoin.

So losing BTC is not the issue, losing some gains in price on a massive scale while Congress gets around Facebook Libra (and likely kills it) that would be the issue.

If I was Facebook and the above fud happens for all crypto, I'd just buy BitPay for like 20 billion dollars of facebook couch change and or if that is too obvious

simply use the BitPay service to get around the loss of Libra. Sure not as good as the control they are used to on stuff and not having their own crypto

but hell, they could still 'data mine' user info in that manner on crypto. So there would be some pushback on fud/gov't etc trying to do away with crypto

of an open-source nature and not state-sponsored...but in the short term, it would be $2k to $4K BTC again at best with more roadblocks to adoption. At

least in the short-term.

If they wanted to kill the price of BTC in the USA I'd have the IRS do a complete audit of all crypto tax returns they have done such with taxpayer before

and I don't think the numbers would bother them any.

Hope I'm wrong but there are lots and lots the Trump Administration can do to stifle the growth of Bitcoin or at least dump the price in half over the next year or so.

There is always gonna be a counter-reaction to Bitcoin the more it succeeds in adoption, so we will see. To say the next Bitcoin halving is gonna be interesting

in less than a year with all this drama/fud is an extreme understatement! As an aside, with this kinda FUD, I kinda think Libra is toast, at least as run by Facebook

for data mining.

Anyway, hopefully, I'm dead wrong and it will all be unicorns/fairy dust/rainbows/and lollipops! Not counting on it though.

Crypto: Always Drama!

Brad

Username: Searing
Post count: 8465
BTC Address: 3CZknzk4Gu9s5THkmuL7Zyoo9tf5G52boA

I'm afraid it is more like the scenario in my previous post. You are likely going to have to make folders for each month of all the stuff that month that you did calcs on

elec/equip bought/crypto mined/crypto sold/etc

then make a monthly summary for say the first month Jan 2013 in my case then a summary of all the stuff summarized in the year of 2013

then, of course, everything all added up in a summary for the year, probably listing sub-totals for each month for each folder, etc

the reason this has to be done is they are gonna drill down all the way to the equip you bought. they are gonna pick a month pick to say elec costs and then look at your summary of

such and the bills of such for that month etc. The will spot check on a month by month and year by year basis looking for a screwup on your part

add, IMHO, that the IRS agent is probably unfamiliar with crypto.he then likely will email you follow up questions on why you used like-kind what is a miner? etc

only gonna work, if you have drilled down with summaries bit by bit and month by month

my brother was audited and sent summaries like the above and he is an investment counselor so he had massive amounts and they just tossed up their

hands and tried to make him pay fee/etc/fines or whatever because they did not LIKE his process. The same process of a bank that is.

So best you can hope for IMHO, is you do as I stated month by month thru all 7 years, and they will find something that you missed and you will go

back and forth at that point and probably just go 'screw it' and pay the fine or adjustments and move on.

But the only way this will work is if you account for everything and likely they can find it month by month in a folder with a summary for each month

and it will all have to be in electronic and pdf format now it seems.

IF YOU ARE UNLUCKY ENOUGH to have a FULL AUDIT and someone shows up at your house....well, that actually might be easier these days, at least

you can pull out the files and sit down with such and the CPA and the IRS Agent. But alas, they will only show up at your house and look at a full audit

in that case, if they already think they have you on a mistake or something. Again, these agents have to show they are making progress and getting

fines or adjustments or they have issues with their boss and job. This is what my CPA and Brother and others have said.

So my folder and month by month drill down and summary of such for each year etc..is just the prelude to educating the IRS agent on crypto with

the same roadmap as you have in a clear manner. Sure, if the IRS agent wants to dig thru my paper files/folders month by month that may work too

probably better, if he gets the person to person since you are on the up and up on your taxes attempts with 2014 crypto guidelines.

But 90% of this stuff is done over the phone now and settled on fine or adjustments I guess. I'm just saying if I do get such a letter that they

want more info and I have to sign like the 1673 letter. I'll ask for the 30-day extension and just start converting this and drill down each month

to pdf etc. Because no frigging way I can send the IRS 10lbs or more of documents per year from 2013 to 2018 without making a month to month

outline and a summary (by month list with the total for the year) for each category of elec/miners bought/crypto sold/etc

Its the only way this will fly at this point in time. Indeed the IRS may say for every BTC or Crypto address they want CSV and automatic determination

of BTC price using that method, rather than the old days of taking the daily average from say worldcoinindex.com. The CSV stuff would be to the minute.

That would suck. I could even come out ahead, but it would still suck.

Lastly, they could come out this year with 2019 tax guidelines all the way back to 2009 that completely contract the previous 2014 guidelines...I mean

the 2014 guidelines applied back to 2009, they could just toss out the 2014 guidelines and go all the way back to 2019 and do a complete do-over for

all of us on crypto. Everyone would have to amend from 2013 to 2019. Of course, this is very unlikely, but so IMHO, was the dropping of the 2014 guidelines

10 days before 2014 Taxes were due!

We will be the first to know.

Also, I know zip, just saying how I would approach such and what my expectations of the IRS agent actually knowing about crypto being very, very low.

Brad

Well tell these guys here.

I guess, with Libra, this whole 'crypto hobby $$$' are starting to make the powers that be...unsettled

https://www.forbes.com/sites/billybambrough/2019/07/27/the-u-s-treasury-secretary-made-a-dire-warning-over-the-future-of-bitcoin/#b9617092c938

OK...I filed from 2013 onward. Indeed I had to 'amend' 2013 Tax Returns due to the fact the IRS released the 2014 guidelines like 10 days before the April 15th IRS pay
deadline. I always thought that was suspicious as hell. So previous to the 2014 guidelines, my CPA said, you sell any BTC..I went NOPE thus no tax issues. Also NO equipment
deduction for the mining. So I had to pay the mining income as such. After the guidelines, I amended to reflect the 2014 guidelines and thus paid little taxes because of equipment
purchased and thus the equipment right off from gross. So as far as I can tell I'm legal as hell. However, all the background stuff or calculations and btc addresses to and from
mining, etc was all just printed out and/or written down. For example no CVS back then etc. So it was all by hand with paper calculated etc. So every day I got a payout for
mining etc, mostly LTC to BTC, I had to write down the $$$ it was that day and how much was paid out to the address. All by hand.

I've done it this way since. Same for BTC addresses in/out etc for equip or whatever and/or mining. Thus each year has a tub for itself marked by year with all the paper
calculations I needed to get the stuff that is put on to the return. If they expect this in electronic or pdf format with equipment pictures and etc, etc. I can show it on paper. How the hell I could send this all to someone in bulk even with notes and they could figure it out is beyond me. I did it according to the guidelines of 2014 by the IRS, but again at those times you picked and exchange (think I mostly used worldcoinindex) I  went by the daily charts for price and just kinda kept u

So that is my main worry if an audit. The getting all this in electronic format and more organized if I needed to do such.
1) You get a call they want your complete files all sent to them including calcs/background info/receipts etc ASAP.
2) If I sent such, even all in pdf or xeroxed the works they would toss up their hands, likely tell me to pdf it all with summary and notes.

3) thus, in reality, you would probably have to do a monthly of the following with expectations you would have to handhold the IRS agent
who knows zip about crypto and BTC thru his own 2014 IRS guidelines and the process etc.

example:

Jan 2013

Do  below monthly for eventual yearly summary of all for 2013.

1) pdf all equipment with pictures and receipts
2) pdf all mining with pdf and addresses as well
3) pdf all crypto sold pdf and addresses as well (also cap gains 40% or 20% or losses from sales)
4) pdf all office/biz supplies for that month.
5) pdf all-electric used mining a month.

Make a monthly folder of the above labeled Jan 2013
Start a 2013 folder of all the monthly above put together month by month. By that, I mean a running total of:
2013 Folder Mining Income with addresses and daily mining prices, again total month by month.
2013 Folder Equipment Purchased (or sold) all receipts, perhaps pictures.
2013 Folder Crypto Sold with cap gains. Running Total with cap gains/losses
2013 All office/biz expenses like Internet etc, etc.
2013 All-Electric used mining as running total month to month

Then a folder of all the above for the entire year as you add them together. You eventually get a complete
pdf and electronic version with monthly folders and charts for 2013. Do this thru 2018. Yech!

So fine, I bet you $$$ to donuts that I will get an IRS agent that has NO clue on the 2014 guidelines or worse yet
be using whatever new guidelines supposedly coming this year of 2019 and applying it backwards to 2013.

Indeed, it will be like I had to walk the CPA lady through on how crypto worked for tax purposes from 2013 onward.

Of course, me knowing the crypto tax law better than the IRS guy who had this 'mess' fall into his/her lap, that he is uncomfortable with, he will be
grateful for my help, right?

Not a frigging chance. As this cluster would continue with his/her learning curve as well, I'm
afraid the IRS agent will be beyond pissed off. Also it would take long, his/her boss would be
on the IRS's ass on why, this could dovetail badly.

My brother sells investments. He had a random audit. They told him his 'process' for doing taxes was wrong because they did
not want to deal with mucking thru everything. So they told him to settle and give them 12k and the IRS would go away for his 'sloppy bookkeeping'
He ss a finical fiduciary and investment consultant was beyond pissed off because he knew he was correct. Had to be or it was his ass
with his regular business.Last I heard he got them down to 3K and was still pissed off and working it down further. (This took months).
He though had the knowledge that he was correct and the IRS was not, alas, not like us other mortals.

So likely, IMHO, the dog and pony show, IF you are legit and IF you get everything to an electronic format, they likely being
new to crypto at the IRS end will simply still toss up their hands and just say you owe such and such and fine you to get the whole process done.
Thus it will be rinse/wash/repeat as the cluster***k moves thru the crypto universe.

So I'm just gonna see.

My CPA says it will be damn hard for the IRS with the efforts expended by me and likely anyone else
with just the bad 2014 guidelines to get anyone who legitimately has tried to pay crypto taxes since 2013 etc.

But that doesn't mean they won't Nickle and dime the process to such an extent you just pay off $5-10k to them to get out from under IRS scrutiny.

According to the CPA lady, they have to show some $$$, the more time they spend chasing down and individual account
the more they look stupid, thus the fine and/or 'adjustment' to whomever on whatever pretext of 'like my brother' not liking your process, as an example,
of how your doing or keeping track for taxes. You pay the $$$ fee/adjustment and the IRS agent looks like they did their job and everything moves on to
the next schmuck..on the list.

So I will wait, if it does happen, I will lose months of my life putting this in electronic and pdf format. I then will get the
wtf is all this. I will then explain using small words, further pissing off (according to my CPA) the un-informed IRS agent.

At the point, if it looks like the IRS agent kinda half-assed believe I tried my best with the 2014 clusterf***k of guidelines, he then
will fine me according to how pissed off and/or clueless he is about Bitcoin and Crypto taxes and to justify to his bosses
that his time was not wasted.

At that point, unless it is crippling, you pay the damn fine or past corrections he deems
appropriate and calls it a win and move on. This was the sunny vision of my CPA.

Just the kinda thing you want to hear from your CPA which between 2013 and now has also been utterly underwhelmed
by the process and learned this bit by bit.

The CPA also, being knowledgable about this, told me I was the ONLY person that she did crypto with. Mainly, because she started with me in 2013.
This is of course because she knew me, god knows she was not gonna work with this mess with new clients who might lie about the source of their crypto
that she signed off on as a CPA, no thanks. Great, will be 2 people in the room pointing out to the future IRS agent that he/she is clueless, that surely
will help a person's case with the IRS.

So anyway, I guess I should be grateful, that I did my stuff as best I could with these half-assed guidelines and even though just masses and masses of paper, call it a win,
even if I get audited or indeed the dreaded 3rd letter 1674.

It may all be in paper my kill all trees process and maybe a mess to xfer to electronic and pdf format, but I
was pretty anal about keeping records. Also, a CPA that backs me on what I did, year by year.

But damn, this is gonna be an ugly process indeed if it is based on the 2014 guidelines only and my expectation that the IRS agents are
not gonna be up to speed on this at all. Also, new regulations also may go back to 2009 as well. Remember the 2014 guidelines went
all the way back to 2009 for capital gains on spent individual Bitcoin.

So we will see, hopefully, they will simply see a progression of BTC and Crypto mining from 2013 till now by a CPA and
look for actual folk trying to cheat on taxes. (yeah right, I'm likely screwed..just saying)

Anyway, you are correct, the issue only comes to play above if you get the dreaded 1673 letter and/or an audit.

Still, for whomever, the above of those getting such a 1673 letter and/or audit is gonna suck massively IMHO.

Hope, I'm wrong, but I sure doubt it.

Brad

Anyone get one of these beasts on a pre-order. Hard to tell ROI on 'vaporware' but I'm looking for giggles anyway.

Brad

Again, I assume if you get the wicked 6173 form letter that you have to sign and send in stuff. They simply want to look over your

filed tax returns from 2013 to 2018? I would take months if I needed to pdf all my calculations and other stuff to get the info

for the tax forms to them. I did my stuff with paper (back then no other way to do so) Thus, I heard they don't take that as

backup material anymore.

IF the wicked letter you sign and send tax forms only to...then I'm golden...of course those letters are the most likely to get

audited because you flag them with the  6173 and they are the ones that are looked at by hand on if they want to dive in or not.

Again, I assume, they JUST want the tax forms you filed, not the other massive info and calcs you did to get those figures.

Just the tax forms, I'd still freak, but at least I'd save a lot of work converting all this into pdf form, etc,  my notes and calcs and equip lists (mining), etc  Would suck!

into that form. Again, the wicked one 6173

https://dontmesswithtaxes.typepad.com/IRS%20Virtual%20Currency%20Letter%20l6173--2019-06-00.pdf

Thanks, again, probably just tax forms but hell, it is the IRS, who the hell really knows?

Brad

reserved

The IRS announced it is sending compliance letters on Taxes paid for crypto to 10,000 folk in the USA.

There are 3 types of letters, only one needs to be signed and/or sent back with tax info.

They are as follows

6174-A   https://dontmesswithtaxes.typepad.com/IRS%20Virtual%20Currency%20Letter%20l6174-a--2019-06-00.pdf

6174      https://dontmesswithtaxes.typepad.com/IRS%20Virtual%20Currency%20Letter%20l6174--2019-06-00.pdf   

These two above are warning letters IRS is aware of your crypto and/or BTC usage. No reply needed. See above.

6173         You need to sign and send tax information for this last one. See below.

https://dontmesswithtaxes.typepad.com/IRS%20Virtual%20Currency%20Letter%20l6173--2019-06-00.pdf

Here is the article below with the above IRS links to pdf's of the letters as well.

https://www.dontmesswithtaxes.com/2019/07/crypto-currency-owners-getting-irs-payment-letters.html

The only confusion I have is on the 3rd letter if you got that one, does it JUST want your tax returns per se, or all info that you used
to get the stuff on your tax returns?

(sorry clueless just double-checking, I think it is just a sign and return with copies of your tax returns)

The 6173 above it the ONE you DO have to reply to with above info.

Anyway, that is my only question on this 6173, I assume it is just the tax returns themselves and you'd not have to put in all the equip/sold action

, etc. But just to clarify for me, post below if you know the answer to the above.

Looks like a 'giant' fishing expedition on the IRS's part. Myself, in the bad old days of 2013 my banker, finding out I did the 'evil' bitcoin called the SEC

on me, it was resolved with me showing them my CPA made Tax Return (revised) for 2014 IRS Guidelines on Crypto.

So myself, I'm sure I'm getting some kinda letter, in that I seem to be, since then on the 'tag' and release program from the SEC look-see.

Hopefully, it won't be the option 6173 with a letter of explanation of what the hell I did from 2013 to 2018.

Some of the choices I made of a 'dubious' nature back then (BFL, dubious equipment, etc) would suck. Not to mention my memory of how it all

shook out to get to the completed tax form would also suck, assuming they want some kinda coherent timeline to

whatever, if nothing else me and the CPA filed from 2013 onward, hard to get us for fraud, cluelessness yeah, but we tried to get it right.

Bitcoin/Crypto always drama.

Anyway, someone points out if it would just be the tax returns and signature for the 6173 form above, that would be a relief rather than every

scrap of paper and hand calculation I had to do from back in the day.

I'll let folk know when (not if) I get my letter.

Brad

unfortunately, IF there is NO $$$ to be made vs electric on FJC there is not incentive to lose money by yourself mining another scrypt-n coin...unless you have some kind of hook

that would put you in the lead of every other altcoin popping into existence per day..thus if you have such a hook the scypt-n part of all this doesn't matter.

if the hash was an issue we'd still have a market for FJC...but, alas, FJC is one of many forks from 2014 and is not offering what INVESTORS want in pumping an altcoin...

not an issue of mining an issue of use and or HOD'Ling in which there is too much FJC (80 million-plus I'd guess) for sale on the market and no one buying any

thus, my idea of at least taking the FJC that folk has sitting about doing nothing from titans or whatever...and allowing the buying of masternodes....

at least I could try to pump this coin mining air at little to no cost vs $90 a month for electric on a 4 cube KNC Titan!

not sure It would help any but it would be a start....also a way to at least USE the HODL'ing of FJC that folk have now to mine it as a POS coin

but the illusive hook (see bitcoin 2 it has pretty good hooks..but I did not know of such till too late for its last pump) ....a useful hook is what FJC needs

I'm out of my depth at this point...IF I was the dev/op I'd do the masternode action above ...just to get people to HODL rather than keep the stuff on an

exchange waiting to sell in the millions of FJC at least....see what comes of that..again...mining it as pos coin may be useless but at least it is cost-effective

and keeps me entertained mining air with my FJC by HODL'ing it....delusional maybe ..all I can think of

hey...may be running in a circle as a hodl POS coin masternode action..but right now we are simply running in place....meh!

brad

No one but titan miners have this coin. So what is it 80 million fjc or another for sale
On exchanges with no buyers for months. Same result

Dead coin. Titan miners would simply add more coins no one will buy

Almost all titans off now anyway

FJC is now perfect definition of a dead coin by any legit measure

Unless fjc is in existence used to promote radical different coin and use fjc

To apply to masternodes. I see no way to jumpstart or revive this dead coin.

Yea! Chips!

Under $85. Well, I got in at about that price on the 'assumption' that due to the Litecoin Halving (now 12 days away) we would be at least around $120 by now. Well that was

a 'dream' it seems. Along with the high difficulty and the fact that about, IMHO, 75% plus of all scrypt-pow miners (Bitmain L3+'s) are likely to get pulled off of Litecoin for sure

with the halving. We are gonna have a real mess on our hands. At current prices, even the Innsilicon units at $3.5K are not really worth buying. So we will see.

But looking like, as usual, the 'real' Litecoin silver to bitcoin gold coins are 'forks' of bitcoin recently like Bitcoin Cash and Bitcoin SV. Indeed, even the 'dubious' Bitcoin 2 coin

with master-nodes seems to follow Bitcoin price directly and in proportion. Alas, not Litecoin. Charlie may have been correct when he got the hell out of Litecoin for good.

Ah, well, at $85 or above I'm still good, but man, mining is gonna take a real hit, which means all them miners are gonna dump LTC for real-life payments on data halls, etc.

Looking ugly.

Brad

Yes, the Ignore Button works well, some hit the /ignore for me or vice versa..it is all good. Very tranquil and such. Recommended.

Just saying, Bitcoin could be made 'irrelevant' in the USA. The dollar is strong, thus you could say the IRS does auto audits of BTC and/or make exchanges illegal overseas (like they

did gambling sites) and generally, make it so much of a pain that the price could dump to 3K and USA folk could be locked out.

I could not be completely banned but could be made much more distressed in price and use with such rules/laws/bans.

UNLIKELY, the powers that be will do so, but, there has not been a lot of pushback and fud IMHO from banks and other central money types...wait till BTC hits 20k plus,

either they will pile on with this FOMO, or they will increase the FUD.

Bitcoin itself can't be banned. But all exchanges and/or mining could be banned.

Thus Bitcoin could survive, but without exchanges and/or mining, etc, the price would be way down below $200 IMHO.

All, for example, the USA government would have to do is say, they are 'unable' to do Know Your Customer (KYC) validation

complete enough, to allow Bitcoin to continue. They could simply cite foreign exchanges and the complicated tracking of a

bitcoin thru the blockchain.

Just saying, IF the Trump Administration can advocate now in the courts to keep unaccompanied minor's taken from their parents

into former Japanese Internment Camps, (yep, they went there) with no time limit. Not sure the courts would buy this or a ban

on Bitcoin, but the fact they are advocating the former leads me to believe they could push for a ban of bitcoin as the later option.

Stupid Yes. But anything is possible, even if not practical. In the USA these days.

later

Brad