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

[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  !!

[BTCMILLIONAIRE]

So since trillionaires are almost a given in the coming decades, how much longer do you think until the global economy could feasibly produce the first quadrillionaire?

I am saddened to know that I will never become more than a billionaire  

Are you that old? Or just no ambition to try and shoot higher?

There is no hard limit to how much one bitcoin can be worth, but there is a soft limit. And I only have so many of them.

So it's the latter (aka no interest to invest, trade, or start ventures).

Sure, maybe, but that's not really my thing.

My basic life thesis is that humans are not biologically and psychologically designed to work nearly as much as we do. That's why I went all in on bitcoin in the first place, to make enough money so I wouldn't have to work and could focus on my hypothetical future family, because that's what kids need to develop properly. They need their parents around. So if it's a choice between having enough money to support a woman and five kids, or having twice as much money and seeing them a quarter as much, then it's an obvious choice.

How are we not designed to work 24/7? That's what people were doing when they lived in the woods and that has changed only fairly recently as far as I'm aware.

No, the actual work in a tribe is maybe 4 hours a day or so. The rest of the time is spent socializing, fucking, and relaxing.

Agriculture allowed us to feed... say 20 times as many people on the same amount of land. But it also meant a lot more work. And the resulting population growth gave us a whole other set of problems.

I do share the sentiment of making sure to have enough money to be able to freely ignore the world whenever I choose to. But I don't see myself not spending most of my time working on something, regardless of whether or not normal people would consider it work. I find picking up instruments and composition, science, cooking, investing, traveling and whatever else highly interesting. So the reason for me wanting full financial independence for life would be to the ability to learn and experience as much as I possibly can. And while I really want kids that I can homeschool and learn stuff with together, I'd need to make sure that the wife was perfect for that kind of lifestyle. Don't want someone nagging all day about how they know better when they don't.
But in either case, whatever you do, unless you're just consuming 24/7 you'd be "working" in my book. Life seems more of a choice between doing something fulfilling and mindlessly playing along.

What we today call a job is, effectively, slavery. Yes people can choose what kind of work they do, but they can't decide if they want to do it - they have to work.

Jordan Peterson said it perfectly. If you can't say no, you can't negotiate. And if you can't negotiate you are a slave. Jobs are slavery, even if we are determined not to think of them as such.

And it's not like I do nothing but sit around, now that I have the option to do so. I have been studying anthropology for the past... almost 7 years now, and see myself doing it for perhaps the rest of my life. It is endlessly fascinating and there is always more to learn, and it has practical utility. But it is not a job. It is something I choose to do, and for which I receive no direct compensation. And that makes all the difference. I could not do it to the same degree if I was saddled with a Job.

Fair enough. I was only thinking about the actual process of a job vs the process of learning something else. The lack of choice was always the most important factor in my dislike of jobs and formal education though.

[bones261]

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.

Blame the current income tax situation on the prohibitionists. In order to get alcohol banned, the government needed to come up with an alternate source of revenue. Unfortunately, by the time prohibition got repealed, FDR came into power and the government wanted the extra money for the New Deal. Later they wanted to fund a war. Now the US federal government is bloated in social programs and "defense." Not sure why the US feels it needs to outspend the rest of the nations in defense. It's especially ridiculous since most of the wars the US have been involved in since WWII have resulted in stalemates or a loss. Only victory that I recall was Operation Desert Storm.