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

[Elwar]

Sherman is a tool. "What purpose does Bitcoin have other than tax avoidance and criminal activity?"

How about ending your ease of printing shit currency to fund your wars and paying idiots like Sherman to be idiots with centralized force.

[1714828791]

1714828791

[hodl_2015]

Saw on /r/bitcoin.
Food for thought.

300% growth in almost 40 years. I am clearly too impatient to invest in gold.

[Anon136]

What's the actual tax rate in the states, anyway? In my country it's about 80%. 50% income tax, 25% sales tax and a whole bunch of taxes that are not openly advertised on anything you buy adding up to another 50%.

So let's make an imaginary year where I spend $100,000, see how much taxes I would end up paying in that year, then take that as a percent of the total.

So it's no federal long term capital gains for the first 75,000 then 10% for the next 25,000. So that's $2,500 there. State capital gains taxes are more complicated but in my experience they tend to end up being about half as much as I pay in federal. So lets say $1,250. Sales taxes are about 6% so that's about $6,000 there. Property taxes come out to about $3,700. Vehicle taxes about $300. 2,500+1,250+6,000+3,600+300=13,750 or 13.75%.

It's not great but it's not too bad. I'm not so resentful because I'm not quite the anarchist I used to be. I like having a border and a military even if they aren't as effectively provisioned as I would like.

[Last of the V8s]

Sherman is a tool. "What purpose does Bitcoin have other than tax avoidance and criminal activity?"

How about ending your ease of printing shit currency to fund your wars and paying idiots like Sherman to be idiots with centralized force.

edit https://www.youtube.com/watch?v=QrUHYSxiN_w What's Brad Sherman's Problem with Bitcoin??

[becoin]

It is not too high a price to pay, these tax-funded governments and social constructs of ours.

Your ancestors would spit in your face and shit on your grave if they could, to hear you trivialize how far society has come to build the states we live in now and how easy we have had it for the sacrifices they lived through.

So, if people adopt bitcoin they're going back in the Stone Age, right? To avoid that we just need to pay our taxes and use banksters money that rob our increased labor productivity!

[Searing]

Sherman is a tool. "What purpose does Bitcoin have other than tax avoidance and criminal activity?"

How about ending your ease of printing shit currency to fund your wars and paying idiots like Sherman to be idiots with centralized force.

The catch is everyone only remembers the folk who said that BTC is going to crash on say the last correction...all the others that have been saying this

no one remembers..thus they are not made to look foolish...thus they continue to do so on each cycle of btc on a correction

no accountability

just the way it is....a lot of 'obscure' folk can say awful things about BTC and get pass ..thus it will continue to happen

as far as the press I've seen for example Forbes magazine rinse wash and repeat in a 3-week cycle or so it seems

1) article on bitcoin dead

2) article on is bitcoin reviving

3) article on bitcoin is the future of money

rinse/wash/repeat....the folks that hate BTC get article one week..the bulls get an article the next week and normal folk get an article on maybe it will work (BTC) on the 3rd week

3x the papers sold or websites looked at with the same info just 'managed' differently....$$$$ indeed

so these types of 'experts' are always gonna exist...and of course, with fame comes expertise and then later the 'cushy' gov't panel/job

and back to press..no matter the topic (democracy is good, they will have a communist on saying democracy is bad) will always have these guys around

just the way it is.

[Raja_MBZ]

XRP...



RIPple

[Ibian]

What's the actual tax rate in the states, anyway? In my country it's about 80%. 50% income tax, 25% sales tax and a whole bunch of taxes that are not openly advertised on anything you buy adding up to another 50%.

So let's make an imaginary year where I spend $100,000, see how much taxes I would end up paying in that year, then take that as a percent of the total.

So it's no federal long term capital gains for the first 75,000 then 10% for the next 25,000. So that's $2,500 there. State capital gains taxes are more complicated but in my experience they tend to end up being about half as much as I pay in federal. So lets say $1,250. Sales taxes are about 6% so that's about $6,000 there. Property taxes come out to about $3,700. Vehicle taxes about $300. 2,500+1,250+6,000+3,600+300=13,750 or 13.75%.

It's not great but it's not too bad. I'm not so resentful because I'm not quite the anarchist I used to be. I like having a border and a military even if they aren't as effectively provisioned as I would like.

If I could get away with a flat 20% tax on my gains I would pay it with a fucking smile. But I bet it's gonna be more than that when they eventually implement it. Gotta get to work on moving to brazil or wherever, probably don't have much time left.

[Torque]

"We should prohibit U.S. persons from buying or mining cryptocurrencies," says Rep. Brad Sherman, a senior Democrat on the House Financial Services Committee.

https://twitter.com/colinwilhelm/status/1019646925820264448


Bitcoin right now seems to be trying to break that psychological resistance level of $7500 *permanently*.

Who the fuck does this Brad Sherman think he is ?

I think his bias is showing :

https://twitter.com/spencer_ellis/status/1019651382637260800

[Anon136]

You can't go anywhere without paying the taxes on the gas.

You think people in north korea would say that americans are unfree because we have to pay taxes on gas? Sure I guess we are less free than if we didn't but if we were to make a scale and put three points on it "almost totally impossable to even own a car" is all the way on the left, "I have to pay 3% tax on the gas that I put in my car" is somewhere in the middle, and "I can buy a car and put gas in it and don't have to pay any tax on the gas" is all the way on the right. I would say that the middle one is something like 9/10ths of the way towards the right side. This whole principled approach of "if I have to pay even a penny than i'm not free" isn't that useful here. To someone who truly doesn't have freedom to travel your complaint that you aren't free because you have to pay a small gas tax would look vulgar in the best light.

You can't leave the country if you owe the IRS.

Sure you can. Hop on a boat and go out into international waters. No one will stop you. The united states government simply won't give you a passport. You are still free to go into any country anywhere in the world that will let you enter without a passport. The fact that none of those exist isn't the united states government's fault. A passport is like insurance. It says that we verify this person is safe to travel and if he does cause any trouble in your country we will pay to clean up the mess. All they are doing when you don't pay taxes is refusing to act as your guarantor when you travel abroad. You can debate about whether that is right or wrong, that is a separate issue, first you have to make sure you are stating the true nature of things and the way you worded it was extremely misleading.

You can't hit the highway with a stash of cash in the car without risking the cash and everything else being confiscated.

Yea that's some bullshit isn't it. Definite marks against freedom there. That alone though doesn't flip a binary switch between freedom and tyranny. It just means we are some amount less free than we would be otherwise.

Try saying those naughty words on Twitter, Facebook and co., let alone to someone's face.

I have never felt the need to make a Twitter or a Facebook. No loss of freedom for me personally there. As far as in person, I say words like that in person sometimes. If you are spending time around people that you can't speak freely in front of than perhaps you should reconsider who you are choosing to spend your time with. Like I said earlier freedom is largely a choice. I choose to have cryptocurrencies instead of bank deposits. I choose to live in the woods instead of a suburb. Well I also chose my acquaintances in such a was as to maximize freedom.

You can't communicate or research your trip without it being logged and recorded. Your computer is a 2-way open sewer.
Try starting a business without permissions. Try not collecting the associated taxes from your employees.
So it's fine if you're a statist cuck with no ambition. But it's no place for a sovereign individual.

So it's not perfect. Of course it isn't perfect. Of course I hate all of those things too. Of course I wish we didn't have those limits on our freedom. The point I was trying to make is that freedom vs servitude come more from the inside than the outside. You can choose to live the life of a free person and be ten times more free than someone else living in the exact same society under the exact same regimes. You can choose to bask in the freedoms that you have and the freedoms that you make for yourself or to focus on and be resentful for the freedoms that you lack. All the time you spend lamenting the freedoms that you lack is time that you aren't spending building a freer life for yourself. I just find complaining about a 3% gas tax or the fact that there is an outside possibility that you will be robbed if you are carrying massive amounts of cash on the road to be counter productive.

[Torque]

You can choose to bask in the freedoms that you have and the freedoms that you make for yourself or to focus on and be resentful for the freedoms that you lack. All the time you spend lamenting the freedoms that you lack is time that you aren't spending building a freer life for yourself. I just find complaining about a 3% gas tax or the fact that there is an outside possibility that you will be robbed if you are carrying massive amounts of cash on the road to be so counter productive.

You're not wrong, in fact you're right.

The first step to taking the red pill and "waking up" is realizing all of those things, and how you want your own personal life to go a different way from the sheeple masses that don't seem to mind or care about the constant neutering of career growth, rising taxes, debt burdens, and erosion of personal freedoms.

Once you're woke though, even if your working to build a freer life for yourself, you're still going to bitch about the state of affairs quite a bit. It's like a moral obligation to constantly bitch and point all those things out, in the hopes that you helped to wake up and "free" another sheeple that might be reading one's blatherings, lol.

[Anon136]

If I could get away with a flat 20% tax on my gains I would pay it with a fucking smile. But I bet it's gonna be more than that when they eventually implement it. Gotta get to work on moving to brazil or wherever, probably don't have much time left.

Yes yes. If you are really paying 80% GTFO of dodge!

[Last of the V8s]

Just take the taxes side of things. You can't own the house because of the property taxes. You can't go anywhere without paying the taxes on the gas. You can't leave the country if you owe the IRS.
[...]
So it's fine if you're a statist cuck with no ambition. But it's no place for a sovereign individual.

Sovereign individual, ha! Since when has that ever existed?
snip-
Sovereign individual indeed.
-
/trigger
-
Go Bitcoin go.

lol notbad
read http://trilema.com/

[gentlemand]

You are still free to go into any country anywhere in the world that will let you enter without a passport. The fact that none of those exist isn't the united states government's fault.

Svalbard, baby.

https://en.wikipedia.org/wiki/Visa_policy_of_Svalbard

A bit of a niche destination and getting a job might be a tad hard though. Or staying alive in general. Or getting there without docs.

[Anon136]

You can choose to bask in the freedoms that you have and the freedoms that you make for yourself or to focus on and be resentful for the freedoms that you lack. All the time you spend lamenting the freedoms that you lack is time that you aren't spending building a freer life for yourself. I just find complaining about a 3% gas tax or the fact that there is an outside possibility that you will be robbed if you are carrying massive amounts of cash on the road to be so counter productive.

You're not wrong, in fact you're right.

The first step to taking the red pill and "waking up" is realizing all of those things, and how you want your own personal life to go a different way from the sheeple masses that don't seem to mind or care about the constant neutering of career growth, rising taxes, debt burdens, and erosion of personal freedoms.

Once you're woke though, even if your working to build a freer life for yourself, you're still going to bitch about the state of affairs quite a bit. It's like a moral obligation to constantly bitch and point all those things out, in the hopes that you helped to wake up and "free" another sheeple that might be reading one's blatherings, lol.

Yea you aren't wrong either. I probably overstated my case. What is needed is a healthy balance of complaining and self improvement. These things that V8 pointed out are bullshit. They should change. People should know about them. We should be pissed off about them. What I really didn't like was the implication that "i'm not actually free even though I think I am because of these things". Sure I am less free because of these things, we all are, but because of my choices and they way they played out I'm pretty content with the amount of freedom that I have carved out for myself in my life, and that comes from a rational informed appraisal, not a sheep mentality.

[mymenace]

What's the actual tax rate in the states, anyway? In my country it's about 80%. 50% income tax, 25% sales tax and a whole bunch of taxes that are not openly advertised on anything you buy adding up to another 50%.

How much of your labor needs to be taken away before you no longer consider yourself "free"?

Then, there are property taxes. These vary widely and are based on the value of your home. Mine are something like $2,400/year.

State sales tax is typically around 6-7%. There is no federal sales tax.

There are other taxes, which are hidden from most people, such as corporate income taxes, gasoline tax, etc.

Man, I wish my RE taxes were this low.
In TX they are INSANELY high.
$10K on a moderately valued home. It's a high replacement of state tax.
I am not retired, but a typical retiree cannot pay this.

Ouch. The governments will take their pound of flesh one way or another I guess.

A

State
Authority of
Totalitarian control by
Oligarchs using a
System of
Hierarchical
Institutions


You are

We are

Satoshi

You are already one Satoshi of many, use Bitcoin as your weapon and break free

[cAPSLOCK]

Just take the taxes side of things. You can't own the house because of the property taxes. You can't go anywhere without paying the taxes on the gas. You can't leave the country if you owe the IRS.
[...]
So it's fine if you're a statist cuck with no ambition. But it's no place for a sovereign individual.

Angry rant deleted

I merit you for passion, and for balancing out the anarcho-libertarian madness that we exhibit here.

Now... why not chill the feck out.

[Ibian]

If I could get away with a flat 20% tax on my gains I would pay it with a fucking smile. But I bet it's gonna be more than that when they eventually implement it. Gotta get to work on moving to brazil or wherever, probably don't have much time left.

Yes yes. If you are really paying 80% GTFO of dodge!

At the same time, we are probably among the least fucked nations in the west. So, dilemma.

I have high hopes for Puerto Rico (no doubt to be dashed, as usual). 75% white, proper english, nice weather. Can't think of anywhere else that looks better on paper.

[gentlemand]

CBOE futures expired a few minutes ago. Let's see if Lord Bogdanoff is at the tiller of this ship or not.

[Rosewater Foundation]

The Blackrock rag is almost over. Couldn't have happened to a nicer coin tho.

*Rosewater sparkles in despair*

j/k

I'm fine.