Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Last of the V8s]

Why are dohs/ice not needed with btc?

loveydovey libertarian or maybe crypto-anarchic stuff? no more nation states, man. no more popo, man

[HairyMaclairy]

It will be anti-money laundering.  He’s either buying or selling BTC to drug dealers / organized crime.  

AML is the charge. He 's a pretty careful guy, though. Maybe it was a one-off bad trade like that. But he's stating now it's a DoHS play for relevance in the face of btc

@NODEfather 3h3 hours ago https://twitter.com/NODEfather/status/964908384628572160
Everyone asking me about why I was arrested for selling Bitcoin for Cash. Homeland Security came to my home to handcuff me. This is their plan to regulate BTC via legislation from a judge. @Potus has lost control of DHS/ICE. DHS is not needed when BTC wins


https://twitter.com/NODEfather/with_replies worth a read

He can make up any BS story he likes.  AML is taken really seriously.  Anyone doing Local Bitcoin is asking for trouble.  If you are taking large quantities of fiat in a brown paper bag in an alley, maybe you should stop and think for a second.

[Last of the V8s]

Agree he's getting a bit far-fetched. Your advice in the general is sound. In his case he claims a small amt. Expect we'll find out.
I just like him for not completely rolling over yet.

[suchmoon]

It will be anti-money laundering.  He’s either buying or selling BTC to drug dealers / organized crime.  

AML is the charge. He 's a pretty careful guy, though. Maybe it was a one-off bad trade like that. But he's stating now it's a DoHS play for relevance in the face of btc

@NODEfather 3h3 hours ago https://twitter.com/NODEfather/status/964908384628572160
Everyone asking me about why I was arrested for selling Bitcoin for Cash. Homeland Security came to my home to handcuff me. This is their plan to regulate BTC via legislation from a judge. @Potus has lost control of DHS/ICE. DHS is not needed when BTC wins


https://twitter.com/NODEfather/with_replies worth a read

Reading his tweets doesn't show him as careful or even smart. And what Bob said.

[bones261]

He can make up any BS story he likes.  AML is taken really seriously.  Anyone doing Local Bitcoin is asking for trouble.  If you are taking large quantities of fiat in a brown paper bag in an alley, maybe you should stop and think for a second.

Using Local Bitcoin should be fine as long as the transaction is small, (Under 10,000 I believe) and there is no way of you reasonably knowing that either the cash or the BTC was obtained from or shall be used for illegal activity. Also, you need to be sure that you are not charging a premium or they can get you for being an unregistered money transmitter.

[suspiciously square]

It will be anti-money laundering.  He’s either buying or selling BTC to drug dealers / organized crime.  

A guy called BurtW was arrested years ago for for trading on localbitcoins. They charged him with operation of unlicensed money transmitting business, and it cost him a fortune to clear his name.

I was arrested for trading Bitcoins, on Localbitcoins.com, in Colorado.

So far defending myself has cost our family almost $200,000  

We can use all the help we can get, please see the fundraising web site put up by my wife Jean:  

http://www.burtw.com

[bitserve]

It will be anti-money laundering.  He’s either buying or selling BTC to drug dealers / organized crime.  

AML is the charge. He 's a pretty careful guy, though. Maybe it was a one-off bad trade like that. But he's stating now it's a DoHS play for relevance in the face of btc

@NODEfather 3h3 hours ago https://twitter.com/NODEfather/status/964908384628572160
Everyone asking me about why I was arrested for selling Bitcoin for Cash. Homeland Security came to my home to handcuff me. This is their plan to regulate BTC via legislation from a judge. @Potus has lost control of DHS/ICE. DHS is not needed when BTC wins


https://twitter.com/NODEfather/with_replies worth a read

He can make up any BS story he likes.  AML is taken really seriously.  Anyone doing Local Bitcoin is asking for trouble.  If you are taking large quantities of fiat in a brown paper bag in an alley, maybe you should stop and think for a second.

It seems the transaction was done in 2016. I am sure they will just have to review his tax report, check the transaction was properly accounted for and everything will be fine.

Btw, what's up with legal fees in USA? He estimates his lawyers fees will be $150K-$300K?

[suchmoon]

It seems the transaction was done in 2016. I am sure they will just have to review his tax report, check the transaction was properly accounted for and everything will be fine.

Btw, what's up with legal fees in USA? He estimates his lawyers fees will be $150K-$300K?

If he had an actual lawyer he wouldn't be tweeting like a moron.

[B1tUnl0ck3r]

It will be anti-money laundering.  He’s either buying or selling BTC to drug dealers / organized crime.  

AML is the charge. He 's a pretty careful guy, though. Maybe it was a one-off bad trade like that. But he's stating now it's a DoHS play for relevance in the face of btc

@NODEfather 3h3 hours ago https://twitter.com/NODEfather/status/964908384628572160
Everyone asking me about why I was arrested for selling Bitcoin for Cash. Homeland Security came to my home to handcuff me. This is their plan to regulate BTC via legislation from a judge. @Potus has lost control of DHS/ICE. DHS is not needed when BTC wins


https://twitter.com/NODEfather/with_replies worth a read

He can make up any BS story he likes.  AML is taken really seriously.  Anyone doing Local Bitcoin is asking for trouble.  If you are taking large quantities of fiat in a brown paper bag in an alley, maybe you should stop and think for a second.

It seems the transaction was done in 2016. I am sure they will just have to review his tax report, check the transaction was properly accounted for and everything will be fine.

Btw, what's up with legal fees in USA? He estimates his lawyers fees will be $150K-$300K?

Is it easier to buy a firearm or a bitcoin? Why do they fight the txs and not the criminals? Then what is a criminal? selling raw milk across state lines? Or maybe if there is a breach of free will and denial of the possibility to form an informed consent, i.e. no lying about the sale etc.

I think we all don't want bitcoin, fiat or anything for the matters to be used by breachers of free will, deniers of informed consent and all this kind of common law criminals (thieves, rapists, terrorists etc)...

It seems the transaction was done in 2016. I am sure they will just have to review his tax report, check the transaction was properly accounted for and everything will be fine.

Btw, what's up with legal fees in USA? He estimates his lawyers fees will be $150K-$300K?

If he had an actual lawyer he wouldn't be tweeting like a moron.

Wasn't american justice system designed to be p2p?

[Rsiyz]

Now is it not soo Funny ..echa?!  

more tax wil comming.. also here bitcointalk have users who leave some interesting "message" about not paying tax..

[B1tUnl0ck3r]

Now is it not soo Funny ..echa?!  

more tax wil comming.. also here bitcointalk have users who leave some interesting "message" about not paying tax..

taxation without representation is . . . . ..

[bones261]

It seems the transaction was done in 2016. I am sure they will just have to review his tax report, check the transaction was properly accounted for and everything will be fine.

Btw, what's up with legal fees in USA? He estimates his lawyers fees will be $150K-$300K?

If he had an actual lawyer he wouldn't be tweeting like a moron.

I love how he requests donations in Bitcoins for his legal fees and then admits that he obtains goods and services with only BTC. Hope he paid his taxes on all of that. Otherwise, he is just compounding his woes.

[HairyMaclairy]

Here is a summary of AML obligations applying to broker dealers.  I have no idea to what extent they apply to Local Bitcoin and I’m not inclined to try to figure it out.

https://www.sec.gov/about/offices/ocie/amlsourcetool.htm

[Deeyoh]

Just find it funny that the American Revolution was sparked in part by a 5% tax.  They would be burning everything in sight if they had to deal with today's taxes.  

Calculated my effective tax was about 55% at one point.  Income Fed/State Tax, SS, Medicare, Property, Sales taxes on everything you buy.  It's getting out of control really.

[jojo69]

Just find it funny that the American Revolution was sparked in part by a 5% tax.  They would be burning everything in sight if they had to deal with today's taxes.  

Calculated my effective tax was about 55% at one point.  Income Fed/State Tax, SS, Medicare, Property, Sales taxes on everything you buy.  It's getting out of control really.

"getting" ?

[suchmoon]

It seems the transaction was done in 2016. I am sure they will just have to review his tax report, check the transaction was properly accounted for and everything will be fine.

Btw, what's up with legal fees in USA? He estimates his lawyers fees will be $150K-$300K?

If he had an actual lawyer he wouldn't be tweeting like a moron.

I love how he requests donations in Bitcoins for his legal fees and then admits that he obtains goods and services with only BTC. Hope he paid his taxes on all of that. Otherwise, he is just compounding his woes.

He also appears to have been keeping his coins online, using Google 2FA, and without backing up the 2FA code.

Not a particularly bright individual.


Edited 2020-11-29 to fix a broken image

[Last of the V8s]

^More brave than bright.
~
Paying tax perpetuates government scams.

[B1tUnl0ck3r]

Here is a summary of AML obligations applying to broker dealers.  I have no idea to what extent they apply to Local Bitcoin and I’m not inclined to try to figure it out.

https://www.sec.gov/about/offices/ocie/amlsourcetool.htm

Under 50k pages a law isn't worth reading... not enough content. Do you know if there is the same type of guide for pay to play foundation while being secretary of state? btw I have no idea what this outlaw, criminal to be banned and asset foreclosed did... what did he do?

In all events it's not bitcoin fault. it's just a medium of exchange, like fiat, political favors or gifts...

Just find it funny that the American Revolution was sparked in part by a 5% tax.  They would be burning everything in sight if they had to deal with today's taxes.  

Calculated my effective tax was about 55% at one point.  Income Fed/State Tax, SS, Medicare, Property, Sales taxes on everything you buy.  It's getting out of control really.

when the parasite decide to kill the host... it's already a long time that the faith of the host wasn't in it's own hands...

just kidding ! the tax money flow dynamic visualization with full 100's decimal precision of where the littlest part of the total taxes went...  

leaving a "democrats" taxhole comes with privileges...

^More brave than bright.
~
Paying tax perpetuates government scams.

under threats of harm...

[Syke]

EDIT: thefuck ?!

https://twitter.com/NODEfather/status/963931009518456832

Sure, it might be tax exempt for the state, but it's not tax exempt for federal.

[jojo69]

repeat of shill advertisement redacted

GET   THE   FUCK   OUT  !!