I'm From The Government And I'm Here To Help You!: New York To Control Bitcoin

[cryptoanarchist]

MtGox was a regulated exchange - they were forced to ask for ID.

Regulated exchanges are just government honeypots - derp.

[Beliathon]

MtGox was a regulated exchange - they were forced to ask for ID.

Regulated exchanges are just government honeypots - derp.

This.

This is all about power and control, people. They want to know who we are, and how much money we have. So they can take it.

[LostDutchman]

MtGox was a regulated exchange - they were forced to ask for ID.

Regulated exchanges are just government honeypots - derp.

This.

This is all about power and control, people. They want to know who we are, and how much money we have. So they can take it.

You are 100% spot on!

There are ways however to minimise government intrusion.  Corporations, both domestic and offshore, methods of payment of conversions which are legal but don't realy show up as payments for conversion, etc.

My $.02.

[cryptoanarchist]

The IRS can't even keep up with 1099 income - I should know  - yet they really believe they can track the entire blockchain of bitcoin to individual identities? Plus all the blockchains of all the other cryptocoins??

That takes some serious delusion.

[LostDutchman]

The IRS can't even keep up with 1099 income - I should know  - yet they really believe they can track the entire blockchain of bitcoin to individual identities? Plus all the blockchains of all the other cryptocoins??

That takes some serious delusion.

It is not the blockchains they are tracking it is the exchanges.......................

My $.02.

[zeeshanblc]

I'm From The Government And your money is Mine.

[Beliathon]

I'm From The Government And your money is Mine.

Sure it is, just as soon as you invent the technology to hack my brain.

[cryptoanarchist]

The IRS can't even keep up with 1099 income - I should know  - yet they really believe they can track the entire blockchain of bitcoin to individual identities? Plus all the blockchains of all the other cryptocoins??

That takes some serious delusion.

It is not the blockchains they are tracking it is the exchanges.......................

My $.02.

Does that include all the ATMs? ..and quit with the $.02

[mysidia]

Great title:

The nine most terrifying words in the English language are:
I'm From The Government And I'm Here To Help

Yes, indeed!   Government folks have no real stake in the outcome as those who would ultimately be harmed by the regulation -- and are BAD decisionmakers.

 "Modernity has replaced ethics with legalese, and the law can be gamed with a good lawyer. "
 
"We are witnessing the rise of a new class of inverse heros, that is bureaucrats,
bankers, davos, attending members of the IAND, ..., and academics with too much
power and no real downside or accountability, they game the system: while citizens
pay the price.   At no point in history,  have so many non-risk-takers, that is, those
with no personal exposure, exerted so much control."
        ~~~ Nassim Nicholas Taleb, "Antifragile" [on Accepting Uncertainty and Embracing Volatility.]

[LostDutchman]

The IRS can't even keep up with 1099 income - I should know  - yet they really believe they can track the entire blockchain of bitcoin to individual identities? Plus all the blockchains of all the other cryptocoins??

That takes some serious delusion.

It is not the blockchains they are tracking it is the exchanges.......................

My $.02.

Does that include all the ATMs? ..and quit with the $.02

ATM transacations are tracked but you can disguise your transactions using corporations, etc.

My $.02.

[jonald_fyookball]

There is no possible endgame that involves the survival of fiat. It's already dead, the world just hasn't realized it .

But what do we do in meantime , before our coins appreciate exponentially , to make sure we feel like we are wealthy and winning ?   

[cryptoanarchist]

The IRS can't even keep up with 1099 income - I should know  - yet they really believe they can track the entire blockchain of bitcoin to individual identities? Plus all the blockchains of all the other cryptocoins??

That takes some serious delusion.

It is not the blockchains they are tracking it is the exchanges.......................

My $.02.

Does that include all the ATMs? ..and quit with the $.02

ATM transacations are tracked but you can disguise your transactions using corporations, etc.

My $.02.

As long as I use a bitcoin atm that doesn't require any personal info than nothing can be tracked. Disguise with a corporation? Please explain.

[EndTheFed321]

I`m from the Government And I`m Here To Help You

LostDutchman, can I have your 0.02 in BTC

[LostDutchman]

I`m from the Government And I`m Here To Help You

LostDutchman, can I have your 0.02 in BTC

Uh, no; conversion costs would be too high for such small amounts.

My $.02.

[EndTheFed321]

I`m from the Government And I`m Here To Help You

LostDutchman, can I have your 0.02 in BTC

Uh, no; conversion costs would be too high for such small amounts.

My $.02.

ok I`ll take your 1.00BTC

[LostDutchman]

I`m from the Government And I`m Here To Help You

LostDutchman, can I have your 0.02 in BTC

Uh, no; conversion costs would be too high for such small amounts.

My $.02.

ok I`ll take your 1.00BTC

LOL!

Nice try!

My $.02.

[Beliathon]

There is no possible endgame that involves the survival of fiat. It's already dead, the world just hasn't realized it .

But what do we do in meantime , before our coins appreciate exponentially , to make sure we feel like we are wealthy and winning ?  

You do nothing. You wait for this equation to play itself out.



This is the same instruction I gave to friends and family when Bitcoin was $100. Few of them listened.