Bitcoin Forum
October 21, 2018, 01:00:09 AM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Jim Rickards: The Empire State Moves Against Bitcoin  (Read 43 times)
allthingsluxury
Legendary
*
Offline Offline

Activity: 1400
Merit: 1005



View Profile WWW
May 23, 2018, 02:29:04 PM
 #1


Bitcoin got hammered yesterday after New York Attorney General Eric Schneiderman announced an investigation into some of the major cryptocurrency exchanges.

I’ve been warning about a coming government crackdown on bitcoin for several months, and now we’re seeing it happening around the world.

From China to Japan to South Korea and here in the U.S., the regulators are closing in on bitcoin. And all those who thought their bitcoin was invisible to the IRS are getting a rude awakening these days...



Click here to watch this video and to read more:

https://jimrickards.blogspot.com/2018/05/jim-rickards-empire-state-moves-against.html

1540083609
Hero Member
*
Offline Offline

Posts: 1540083609

View Profile Personal Message (Offline)

Ignore
1540083609
Reply with quote  #2

1540083609
Report to moderator
1540083609
Hero Member
*
Offline Offline

Posts: 1540083609

View Profile Personal Message (Offline)

Ignore
1540083609
Reply with quote  #2

1540083609
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1540083609
Hero Member
*
Offline Offline

Posts: 1540083609

View Profile Personal Message (Offline)

Ignore
1540083609
Reply with quote  #2

1540083609
Report to moderator
1540083609
Hero Member
*
Offline Offline

Posts: 1540083609

View Profile Personal Message (Offline)

Ignore
1540083609
Reply with quote  #2

1540083609
Report to moderator
bobo012
Sr. Member
****
Offline Offline

Activity: 616
Merit: 256



View Profile
May 23, 2018, 06:52:35 PM
 #2


Bitcoin got hammered yesterday after New York Attorney General Eric Schneiderman announced an investigation into some of the major cryptocurrency exchanges.

I’ve been warning about a coming government crackdown on bitcoin for several months, and now we’re seeing it happening around the world.

From China to Japan to South Korea and here in the U.S., the regulators are closing in on bitcoin. And all those who thought their bitcoin was invisible to the IRS are getting a rude awakening these days...



Click here to watch this video and to read more:

https://jimrickards.blogspot.com/2018/05/jim-rickards-empire-state-moves-against.html


They have been fighting for years, and bitcoin is only getting stronger. Let them fight. All countries that stifle progress in blockchain tech will be in the basement of the revolution, and ones that embrace the revolution will be the leaders of the industry

bustadice         ▄▄████████████▄▄
     ▄▄████████▀▀▀▀████████▄▄
   ▄███████████    ███████████▄
  █████    ████▄▄▄▄████    █████
 ██████    ████████▀▀██    ██████
██████████████████   █████████████
█████████████████▌  ▐█████████████
███    ██████████   ███████    ███
███    ████████▀   ▐███████    ███
██████████████      ██████████████
██████████████      ██████████████
 ██████████████▄▄▄▄██████████████
  ▀████████████████████████████▀
                     ▄▄███████▄▄
                  ▄███████████████▄
   ███████████  ▄████▀▀       ▀▀████▄
               ████▀      ██     ▀████
 ███████████  ████        ██       ████
             ████         ██        ████
███████████  ████     ▄▄▄▄██        ████
             ████     ▀▀▀▀▀▀        ████
 ███████████  ████                 ████
               ████▄             ▄████
   ███████████  ▀████▄▄       ▄▄████▀
                  ▀███████████████▀
                     ▀▀███████▀▀
           ▄██▄
           ████
            ██
            ▀▀
 ▄██████████████████████▄
██████▀▀██████████▀▀██████
█████    ████████    █████
█████▄  ▄████████▄  ▄█████
██████████████████████████
██████████████████████████
    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
    ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
       ████████████
[bustadice.
Play
bustadice]
LeGaulois
Copper Member
Hero Member
*****
Offline Offline

Activity: 854
Merit: 877

Bitcoin Ninja Unregulated Banker Unbanking Folks


View Profile
May 23, 2018, 08:57:47 PM
 #3

After the story with Coinbase and the IRS every US citizen should know the same can happen with every exchange. The good news is they can use decentralized exchanges instead to avoid any problem and it's  the best alternative

FrueGreads
Legendary
*
Offline Offline

Activity: 1400
Merit: 1051


Betting Championship betking.io/sports-leaderboard


View Profile
May 23, 2018, 09:45:08 PM
 #4

I don't understand why there is so much "fud" around these things. Bitcoin was not really created to allow you to stop paying your taxes, so I don't see any problem in using BTC and paying your taxes at the same time. Bitcoin is more like an insurance against a global catastrophe, and it allows you to be in command of your own money, without needing to depend on banks. It will eventually offer you a great way to make payments and transfers, so basically is a great innovation in the financial world, but it should not be a tool to avoid paying taxes.

If people just accepted that, I guess there would be less fear from regulators.

Tankdestroyer
Full Member
***
Offline Offline

Activity: 476
Merit: 107


View Profile
May 23, 2018, 10:26:58 PM
 #5

The good news is they can use decentralized exchanges instead to avoid any problem and it's  the best alternative
But the problem is that there is a lot of risk involved when one decides to use decentralized exchanges(because it is not regulated, even the support team of that exchange can support you only a little to recover your funds when lost).
Bitcoin is more like an insurance against a global catastrophe, and it allows you to be in command of your own money, without needing to depend on banks. It will eventually offer you a great way to make payments and transfers, so basically is a great innovation in the financial world, but it should not be a tool to avoid paying taxes.

If people just accepted that, I guess there would be less fear from regulators.
They don't fear taxes, what they fear is the regulators itself. Since it can be used to control your own money, it would be bad if governments around the world decided to ban bitcoin(because it disrupts the current fiat currency and banking system).
Hydrogen
Hero Member
*****
Offline Offline

Activity: 938
Merit: 674



View Profile
May 23, 2018, 11:18:39 PM
 #6

Bitcoin got hammered yesterday after New York Attorney General Eric Schneiderman announced an investigation into some of the major cryptocurrency exchanges.

News of Schneiderman "investigating" crypto currency exchanges date back to april 2018: https://www.theverge.com/2018/4/17/17247946/bitcoin-new-york-attorney-general-eric-schneiderman-investigation

This can't be the cause of the latest btc downtrend as it is a month old.

The Eric Schneiderman mentioned has since resigned from his attorney general position due to him being currently being investigated for allegedly assaulting four women:

Quote

Being the "new york attorney general" probably doesn't give his office authority to investigate on a global scale. At most his investigation might encompass the state of new york, afaik. This may not have been big news even if it were current or even if the person initiating the movement hadn't resigned.

Surge_Dev
Member
**
Offline Offline

Activity: 252
Merit: 10


View Profile
May 26, 2018, 08:26:46 PM
 #7

Thanks for the link and the video. I have watched it and can say that it is really worth watching if you are interested in the future of Bitcoin. As for me, I believe that this is the most powerful coin now

TTITA
Full Member
***
Offline Offline

Activity: 378
Merit: 100



View Profile
May 26, 2018, 08:40:03 PM
 #8

After the story with Coinbase and the IRS every US citizen should know the same can happen with every exchange. The good news is they can use decentralized exchanges instead to avoid any problem and it's  the best alternative
So far yes, decentralized exchanges still best alternative that independent from those intervention.

The good news is they can use decentralized exchanges instead to avoid any problem and it's  the best alternative
But the problem is that there is a lot of risk involved when one decides to use decentralized exchanges(because it is not regulated, even the support team of that exchange can support you only a little to recover your funds when lost).
Probably yes, but at least with this Bitcoin we want to get rid of the binding financial regulation so far.
ladydark
Hero Member
*****
Offline Offline

Activity: 672
Merit: 500



View Profile
May 26, 2018, 11:35:12 PM
 #9


Bitcoin got hammered yesterday after New York Attorney General Eric Schneiderman announced an investigation into some of the major cryptocurrency exchanges.

I’ve been warning about a coming government crackdown on bitcoin for several months, and now we’re seeing it happening around the world.

From China to Japan to South Korea and here in the U.S., the regulators are closing in on bitcoin. And all those who thought their bitcoin was invisible to the IRS are getting a rude awakening these days...



Click here to watch this video and to read more:

https://jimrickards.blogspot.com/2018/05/jim-rickards-empire-state-moves-against.html

Well its time for most of the people to shift towards decentralised exchanges.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!