Australian Govt. form asks if I own any Bitcoin of Cryptocurrency

[Billbags]

This has been the best thread of the week. Minimalism, simple-ism, symantecs and non-assumpsit statements. It makes me feel young again. I love hippies

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[1714850787]

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[Bitcoin Magazine]

I recently had a brain tumor removed and I had my right side Balance hearing mechanics removed, I am applying for disability until i recover.

Filling out the form I came across the question "Do you own any bitcoin or cryptocurrency"

Comments?

i think if u lie you go to jail.  so i'd answer truthfully.

they even let me go when i told them i had 2g of meth (and i did )

[TaunSew]

I imagine  they're asking that question for finances.  Bitcoin made a lot of random millionaires and governments don't like paying welfare to people who can afford to pay for themselves.  I'm familiar with that woman who was banned and cut off from welfare in the states after winning $3 million in the lottery (she then lost all the money and tried to get back on welfare to no avail)

[murraypaul]

I was at the doctors office a while ago filling out of
the form and one of the questions was: do you
wear your seatbelt?   

I felt like giving the same answer.

"Not at the moment" would seem like a good answer to that.

[TaunSew]

I imagine  they're asking that question for finances.  Bitcoin made a lot of random millionaires and governments don't like paying welfare to people who can afford to pay for themselves.  I'm familiar with that woman who was banned and cut off from welfare in the states after winning $3 million in the lottery (she then lost all the money and tried to get back on welfare to no avail)

How'd she lose all the money? Just by being dumb?

http://articles.latimes.com/2012/mar/07/nation/la-nn-na-lottery-winner-collects-welfare-20120307

Well my memory wasn't perfect but she won $1 million which was $500K after taxes.  Still that would had gotten her $20K-$30K a year above inflation at an investment fund like Vanguard and the principle would untouched.  She bought two houses with the money.

I used to watch all those lottery winner shows on TLC until they stopped making them.  A lot of these people won amounts under $5 million and were definitely living it up YOLO style.

One guy lost all his money buying some hotel and getting screwed over by his 'partner', and then spending the rest on houses and planes
One funnier example is one guy buying Medieval-Replica stuff, went bankrupt and then when he had his collection appraised it was discovered he got cheated by the dealers who used the lowest quality metals.

Really the lottery winner demographic is indicative of the general population, in that the 85% of the population doesn't understand money and would make as terrible decisions.  

[omegaflare]

You say you are "applying for disability until i recover". If that is the case (and you are applying for the disability support pension) you won't get the pension because your disability is not permanent.

The DSP is only for permanent conditions.

In saying that you should disclose that you own bitcoin. The blockchain might be around for decades and if they cross reference a bitcoin exchanges record of your mobile when you bought bitcoin then (if it is a lot) you might get booted of the pension and have to repay money.

If that was true then why Social Security Administration is asking their disability receptionist to have their disability evaluated every 5-7 years if their condition is permanent?!? SSA is getting their hopes up, thanks to Bono "someday everyone is gonna get cured and it's a win-win situation for rich people." If you get my gist here.

[Bitcoin Magazine]

You say you are "applying for disability until i recover". If that is the case (and you are applying for the disability support pension) you won't get the pension because your disability is not permanent.

The DSP is only for permanent conditions.

In saying that you should disclose that you own bitcoin. The blockchain might be around for decades and if they cross reference a bitcoin exchanges record of your mobile when you bought bitcoin then (if it is a lot) you might get booted of the pension and have to repay money.

If that was true then why Social Security Administration is asking their disability receptionist to have their disability evaluated every 5-7 years if their condition is permanent?!? SSA is getting their hopes up, thanks to Bono "someday everyone is gonna get cured and it's a win-win situation for rich people." If you get my gist here.

i think i cured my Disability after tripping on psilocybin a few times, but i have to wait 2-3 more years for them to evaluate me again.  but this time i'm not gonna show up addicted to Xanax

[QuestionAuthority]

I recently had a brain tumor removed and I had my right side Balance hearing mechanics removed, I am applying for disability until i recover.

Filling out the form I came across the question "Do you own any bitcoin or cryptocurrency"

Comments?

You had a fucking brain tumor removed? They removed the part of your hearing that keeps you from falling down when you walk? They expect you to recover? WTF! At this point the last thing I would be concerned with is some question on a government form.

[BitCoinNutJob]

I recently had a brain tumor removed and I had my right side Balance hearing mechanics removed, I am applying for disability until i recover.

Filling out the form I came across the question "Do you own any bitcoin or cryptocurrency"

Comments?

Its really tricky because lets say you were a lesser experienced bitcoiner and lost your coins to a hack after saying yes to the gov they might be very suspicious of if you did get hacked.

The question seems rather redundant without vigorous bitcoin regulations in place.

In short you probably better just say what you own to be safe. 

[AnswerQuestion]

I imagine  they're asking that question for finances.  Bitcoin made a lot of random millionaires and governments don't like paying welfare to people who can afford to pay for themselves.  I'm familiar with that woman who was banned and cut off from welfare in the states after winning $3 million in the lottery (she then lost all the money and tried to get back on welfare to no avail)

I think you are right. If the OP has a lot of money in bitcoin (read: a high amount of assets) then there is no reason why the OP should need disability payments from the government. I am not sure about AUS, however I know in the US that disability recipients should not have more then $2,000 in assets, and they are likely trying to determine if the OP has similar levels of assets in crypto currencies

[coinut]

If you bought them from a Australian exchange which you have you id verified with your own cash that you deposited into the exchanges account from your bank account the government would be able to know if have bought bitcoins in the past.

but you could always say that you had them but no longer have them through a device failure, scam etc.
send your coins to a paperwallet(s) generated offline and hold.

If you need to cash out some at a later date, send the coins to a trusted friend to cash them out for you, or you could setup a exchange with a friend through a Australian exchange where by you deposit money into your account lets say $200. Then you would have your friend place an order to sell 200 dollars worth from your own stash of Bitcoins.
Then you would hit the order right after your friend places it giving your mate $200 dollars to hold for you. Right after that you sell the Bitcoin in your exchange account for $200 dollars then cash out.

Get your friend to cash out your $200 or close enough to minus exchange fees, cash it out at a atm and hand you the money.

To the government the could only see that you bought some bitcoins and then sold them shortly after preferably with a 1% gain to get your exchange money back.

buy your mate a beer 

   
 

[jjacob]

Strange. What proportion of Australians own bitcoins?
Are there other questions like do you own gold/silver/copper/any damn metal/...?

[Bitcoinpro]

What form is this exactly, I doubt its on any forms such as these yet,


"Edit"

Well  I can answer that lol I found it

[Bitcoinpro]

http://www.humanservices.gov.au/customer/forms/sa369

page 15/18 and they say Cyber currency can't even get that right

[CryptoCarmen]

I recently had a brain tumor removed and I had my right side Balance hearing mechanics removed, I am applying for disability until i recover.

Filling out the form I came across the question "Do you own any bitcoin or cryptocurrency"

Comments?

That si goo for them. Governments that will realize it exist and adopt it fast and tax economy around BTC will profit most. Altho BTC will be decentralized when finished, there will still be centers of education of Bitcoin. Countries like Australia, can be on right track to become one.

[Velkro]

Interesting, you don't need to tell that you own bitcoin. Since they don't recognize it as money.

[twister]

Just tell them, "you have no idea what they're talking about, You don't know or own any bitcoin, and you also don't know anything about satoshi nakamoto or paper wallets"

  kidding

just say "no"

[awesome31312]

Interesting, you don't need to tell that you own bitcoin. Since they don't recognize it as money.

Exactly. Plus they'll never ever know

[goose20]

This thread is concerning/disappointing.

All they are trying to determine is whether you have sufficient means to live without requiring a government benefit - it's not a bottomless pit of cash. Same as how much cash at bank do you have. i.e. Do you meet the eligibility criteria to receive a particular benefit. If you do not meet it, by having sufficient means, whether that be fiat, btc, artwork, precious metals, gems, real estate etc - then you shouldn't be applying for the benefit.

Australia has a high standard of living, with a high level public healthcare system, public education system, defence force, roads and infrastructure and so on - all of which has to be paid for....by the taxpayers.
As a tax paying Aussie, I would expect that if you hold sufficient means (btc included) then state same and become ineligible for the benefit.

If we all hid our wealth... well this great country we call Australia would not stay great for very long.

[borna_121136]

In that case, you could simply just say no, because it is anonymous.