We don't do it in Bitcoin!

[Silberman]

This is way too hard to imagine especially when I saw the image of the gold bars. It just came into my mind, is it possible that we can have a digital version of gold with real gold reserve equivalence, meaning, we will acquire the gold cryptocurrency and when we want to withdraw it, it could be in real gold from gold reserves? In that way, people will not spend more time putting the gold to their private parts just for the sake of escaping the taxes or fees they need to pay to transfer the golds.

Though, I also found the disadvantage of it. if there's a huge amount of gold withdrawal, there's a tendency that they still need to physically transfer these golds which will still incur taxes.

We supposedly had several cryptocurrencies like that in the past and as you may guess all of them ended up scamming their customers and that is because you are now trusting a third party to hold your gold, this is the same what happened with the governments and look at what they did, they stole the gold of their citizens and then created fiat currencies with no intrinsic value at all, so I can understand why some people will not be willing to part with their gold and this explains the weird news we are discussing here, I just hope this person learns about bitcoin and saves himself the trouble and the pain.

[hahay]

This news is the latest information that I got because indeed, previously there were many things that were smuggled in the rectum and even though it was drugs but in large quantities, it was really disgusting. Again and again, a negative action is associated with bitcoin and of course it will make bitcoin's image worse because maybe, we don't know what will happen in the future because if bitcoin does not have a physical form, then of course it will be something that will used for other negative activities. However, crime will always exist in the world, so comparing it to bitcoin will not change anything bitcoin and gold will continue to have its good and bad sides.

[sanjusajan]

so, in this way the  people are doing illegal work through it .they should punished badly so that anyone cannot do  it again and i know the illegal work is increasing because of movies ,they make such types of movies and they follow it in their real life.

[Kasabus]

Bitcoin is a digital asset.  It can be easily moved from one place to another.  It does not require any physical touch to carry.  All you need is a crypto wallet on your phone or hardware.  It does not even require a third party to be exchanged.  Now let's talk about the guy who did it.  One thing I don't understand is how he put that gold bar in that sensitive place.  It was not right for him to take such a big risk just for the money.
 If he were a crypto user, he would never have to do this.  This is the difference between Bitcoin and Gold. Physical touch is required to carry gold, but no physical touch is required to carry Bitcoin.

This guy won't be thinking of doing this illegal stuff if he is knowledgeable about bitcoin. Gold bars are really tantalizing in our eyes but if we think of the consequences once being caught, everything will surely be ruined. Bitcoin transactions are much more secured but this thing like smuggling just to avoid taxes is also not encouraged and be tolerated in bitcoin.

[erikoy]

It is because bitcoin is not being monitored for now. Actually government are protecting their asset so that economy will not going to fall down. This is why ahynfiat currency has to be limit when someone carry it going outside to another country.

Fiat currency has really no value in terms of physical aspect but it is the representation of the value of the economy that is why unlike bitcoin fiat is being accepted by the government. Bitcoin is more like an asset and if one day if bitcoin will be acknowledge pretty sure that it will also be limited to carry or hold sort of bitcoins in going to another country and that by means that every bitcoin holders will do KYC and all exchanges will require doing it. No more decentralized aspect for if it do then government will never acknowledge bitcoin like they did now. And if bitcoin could be in a way like being a trouble to government then it will be ban like other countries did.

[Silberman]

It is because bitcoin is not being monitored for now. Actually government are protecting their asset so that economy will not going to fall down. This is why ahynfiat currency has to be limit when someone carry it going outside to another country.

Fiat currency has really no value in terms of physical aspect but it is the representation of the value of the economy that is why unlike bitcoin fiat is being accepted by the government. Bitcoin is more like an asset and if one day if bitcoin will be acknowledge pretty sure that it will also be limited to carry or hold sort of bitcoins in going to another country and that by means that every bitcoin holders will do KYC and all exchanges will require doing it. No more decentralized aspect for if it do then government will never acknowledge bitcoin like they did now. And if bitcoin could be in a way like being a trouble to government then it will be ban like other countries did.

And how exactly do you think that can work? How are governments going to limit the amount of bitcoin that you move with you when you can move your coins by just remembering your seed words and then installing a wallet and generate it from that seed? Bitcoin in its nature is censorship resistant, gold despite its huge advantages over fiat doesn't have this characteristic and it is a pain, in this case literally, to move from one place to another, but in the case of bitcoin this is no problem at all, and you can move it in a piece of paper, in an electronic device or in whatever way you want and it will be almost impossible to detect it.

[cryptolord2077]

Of course, bitcoin being a digital asset, it can be easily transported anywhere, you can just have your crypto wallet in your phone or hardware wallet, it will make a case for bitcoin, but to evade tax? nah, bitcoiners are too way smarter than that and we shouldn't consider bitcoin as a means for illicit or illegal activities, it wasn't design to be like that in the first place by Satoshi.

Bitcoin was conceived as free "money". We cannot talk about its purpose, since people themselves choose how and where to use it.
If some of the transactions take place in the shadow field, then it should be so. I am pleased with the fact that the share of these shadow funds does not exceed 5%.

[darewaller]

Lol you don’t know that what you see in the movies are sometimes real life adaptations? They do happen real life, I have seen so many of them in the news and also heard from people, especially hard substances like cocaine. The process they use to smuggle things like this is crazy and it’s not something that I can explain in writing lol.

But this one of gold is something new to me, I have not heard of anyone trying to smuggle gold’s, never heard this kind of story for once. I wonder how the passenger got his hands on the gold. If he bought it with money, then he must be dumb, because he can buy it online and access it from anywhere around the world.

[xSkylarx]

Bitcoin was conceived as free "money". We cannot talk about its purpose, since people themselves choose how and where to use it.
If some of the transactions take place in the shadow field, then it should be so. I am pleased with the fact that the share of these shadow funds does not exceed 5%.

Is it really that small only? But why most people think of something illegal first when they hear about bitcoin. They only know that it's been used by the criminals in the black market but they don't really know what's the real purpose of it.

[Ayiranorea]

Bitcoin was conceived as free "money". We cannot talk about its purpose, since people themselves choose how and where to use it.
If some of the transactions take place in the shadow field, then it should be so. I am pleased with the fact that the share of these shadow funds does not exceed 5%.

Is it really that small only? But why most people think of something illegal first when they hear about bitcoin. They only know that it's been used by the criminals in the black market but they don't really know what's the real purpose of it.

This is common thinking of people who get to know about bitcoin for the very first time. During the beginning days of bitcoin development, it was much used for illegal and gambling needs. Further the development made it get used on different purposes, but people have its early usage in mind. Slowly people will realise the truth and start using it.

[Wawa2013]

I'm fortunate to be familiar with Bitcoin, so there's no need to evade taxes by keeping gold in my ass hole. I can understand the reason
the person did this, because 18% tax was a very large amount. Hopefully someone tells that person about Bitcoin, so that person won't
do anything else weird to avoid taxes.

[proTECH77]

Bitcoin is different from gold which many people never still understand. Bitcoin is a decentralized currency which is not control by the government officials. Your bitcoin is your bitcoin which you have your right to make use of it anytime you want. Bitcoin we don't pay any taxes to government before you can become an investors. No government fees as a bitcoin new users like the way the government impose tax on fiat money investors in the country. It hard for 419 to operate and go free without trace and get the money back to the owner.
We don't disclose our wallet address to public. Any scammer caught most surely face the punishment that such person deserve. Bitcoin is not a centralized currency and it will never centralized currency.

[Xinarae*]

Everything depends on your own experience bitcoin usually increases its price based on the transaction. Rising currency prices will lead to scams in which case keeping them in a secure wallet will reduce the risk of many people not being able to access them and will result in digital assets. Bitcoin is more expensive than gold and if a person has the ability to provide such products or services he can sell it for bitcoin if he wants. Bitcoin can be used to buy and sell online in the same way that we shop online.

[Silberman]

Lol you don’t know that what you see in the movies are sometimes real life adaptations? They do happen real life, I have seen so many of them in the news and also heard from people, especially hard substances like cocaine. The process they use to smuggle things like this is crazy and it’s not something that I can explain in writing lol.

But this one of gold is something new to me, I have not heard of anyone trying to smuggle gold’s, never heard this kind of story for once. I wonder how the passenger got his hands on the gold. If he bought it with money, then he must be dumb, because he can buy it online and access it from anywhere around the world.

It seems he was trying to avoid the taxes he will have to pay in his home country and that is why he choose this particular method to try to cheat the system, the truth is that we are never going to be completely sure about why this happened exactly this way, after all it is not as if gold is are at all, he could just buy it in his country, but I do not know if any purchase of gold is automatically taxed there or if you have to identify yourself regardless of the amount of gold you buy and that is why he went to another country and tried to pass it through an airport, however we must give thanks that bitcoin is digital and you can just store in your mind without having to worry about anyone noticing that you are moving it with you

[ILuckyGuyI]

"Plane passenger caught smuggling gold nuggets in rectum to avoid taxes." - nypost.com

Indian airport authorities literally struck gold when they spotted a man walking oddly — and discovered he had about 2 pounds in bullion shoved into his rectum, according to a report.

This is really disgusting when I first saw the headline of this news. Honestly, it's my first time to hear a news like this, since I thought I this is only happened in movies (some of in the movies are illegal drugs) or some happened in real but not gold.

Recently, this news became a little trend everywhere where they compare Bitcoin with Gold on this kind of situation, we all know Bitcoin is intangible, where it is not a physical. Since when you do it on Bitcoin, you don't need some physical things to shoved in your rectum or in any of your body.

What can you say about this?

It is really disgusting even when reading the news. Yes, nobody can do something like this with Bitcoin because of its not being a physical currency. But unfortunately, this doesn't mean that bad things like money laundering etc. can't be done on a digital platform. I hope that can be prevented more than now by increasing the security system to a much more better level in the future.

[pixie85]

I'm fortunate to be familiar with Bitcoin, so there's no need to evade taxes by keeping gold in my ass hole. I can understand the reason
the person did this, because 18% tax was a very large amount. Hopefully someone tells that person about Bitcoin, so that person won't
do anything else weird to avoid taxes.

He risked it all for 18%. Now they're going to charge him for smuggling and take care of his gold for him.

I hope hie didn't damage any of his internal parts during "transport" because with his wealth in the hands of the police it will be hard for him to pay his medical bill

It's easy to move Bitcoin around and easy to spend it without paying taxes because you can move to a country with a more lenient approach to cryptocurrencies. That guy could have avoided the humiliation if he only knew it.