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I have Uncle Intel On CRYTPO

 
Anonymous Coward
User ID: 80076762
02/22/2021 10:52 AM
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Re: I have Uncle Intel On CRYTPO
Not going to happen.

They'll try. But its the end for fiat and no amount of deck-chair-rearranging is going to change that.
 Quoting: Anonymous Coward 80076762


They PLAN to end FIAT and go to a
PLANETARY DIGITAL SYSTEM, that THEY
will control from A to Z.

You will carry your "ID" in you and
on you, and all transactions will be
digital and monitored.

Bitcoin and others created by the CIA were
just "trial runs" to shake out the bugs.

There WILL be a New World Order
a Global Government
a Global Economy

a ONE WORLD "RELIGION"

READ the Book of Revelation.

ALL of the puzzle pieces are ALMOST in place.

 Quoting: Anonymous Coward 77368619


Ever noticed how caucasians always "know what the score is"? They always have these doomsday scenarios planned out in their heads even though they don't know what they're talking about.

Because caucasians don't benefit from financial freedom. Their grift, graft and gravy all come from fiat scam.
 Quoting: Anonymous Coward 80076762


They "always know what the score is" because they're in on the fiat scam and have been from the beginning. Crypto completely destroys their livelihood (stealing from others undetected through monetary magic).

hesright
Zalinsky

User ID: 45481864
United States
02/22/2021 10:56 AM

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Re: I have Uncle Intel On CRYTPO
All I know is that USG has thrown people in jail for even considering the creation of a gold-backed competitive currency.

Two things gives the USG power: the US military and USD as a monopolistic global reserve currency.

I love the libertarian dreams of the crypto bulls, but if you think the USG is going to just going to stand by and let BTC upend the its USD monopoly, you are delusional.

They don't actually care much about BTC is a speculative instrument, but when they start hearing analysts suggesting the CFOs should replace USD on their balance sheet with BTC, it perks their ears. They will now use every device of government that is required to crush that idea.

Microstrategy and Tesla will both be puking out their BTC positions before the end of the year.
 Quoting: Zalinsky


Or maybe they will HQ elsewhere and not be an American company anymore. I could see Musk doing something crazy like leaving the USA for some tax haven and declaring Tesla's official address as Mars.

The system that runs the USA is about to learn a big lesson soon and that is crypto is untouchable and has created a new breed of untouchable people, people who are not paper rich like the retards running congress, but those who can dump in to the fiat system, short a bank, and dump out again, people with ACTUAL REAL POWER.
 Quoting: Anonymous Coward 78471717


WTF are you talking about?

Buying food, housing, etc. still requires fiat in 99.9% of cases. Crypto wealth is only accessible if there is an on/off ramp. If you are a US citizen/resident, that's a major problem.

Even if you are not a US citizen/resident, the central banks are all connected and are on the same team. The EU will be just as restrictive, if not more so.

The system that runs the USA is about to learn a big lesson soon..

No, the crypto crowd is going to learn a lesson along the lines of Snowden/Assange that the USG is ruthless in the protection of it monopoly, and they will not allow a thing like rule of law to stand in their way.
Anonymous Coward
User ID: 75993659
Canada
02/22/2021 10:57 AM
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Re: I have Uncle Intel On CRYTPO
Buddy just called me from DC. He works for a compliance firm that is also fairly big in the world of financial legislation and lobbying. This guy is sharp. An MBA, numerous licenses. I trust him and we have been friends over 20 years. If he is ever allowed to talk about something, we talk. We talked this am about crypto.

Here is the rumors going around of some new regulations set to hit within the coming months:

1)Crypto Currency will be regulated by current amendable banking regulations. It won't be a control move at the exchanges themselves but rather the on and off ramps of those.

2)Any business wishing to have a SWIFT bank account will be required to instantly settle any and all crypto transactions PRE CLOSE for any transaction over $500.00. Basically meaning, if you want to buy something from me with bitcoin, I have to upon receipt instantly settle that in USD. This will essentially make crypto a more cumbersome payment system. Not an easier one. Also does not allow a business to stockpile crypto. Sure they can re buy it after the convert to USD. But then additional fees etc. We will get to that.

3)No anonymous transactions. Any item / transaction with crypto will require ID verification. They are talking literally scanned drivers licenses etc. For all transactions. Think about the headache. Failure to do so by either party will be met with steep fines, prison, etc.

4)There will be a transactional tax implanted of x percent on all crypto transactions due quarterly to the IRS. If you take 100k in crypto you will owe X percent to the IRS as a business quarterly. On top of and in addition to normal quarterly estimated taxes etc. Its unclear whether its DUE at the quarter or will be an estimated tax and then a final settlement at year end. This means most businesses instantly make LESS when selling something for BTC/Crypto.

5)Per transaction trading fees of x% on all crypto trades in addition to normal standard capital gains taxes. The rates are being discussed are 2-3%. Making scalping crypto nearly an impossible trading process.

6)This will initially be done with current regulations being amended but talk of an all inclusive new bill. Think something like the Patriot Act 2.0. Heavy fines, prison time, and penalties. The goal is to make it very difficult and cumbersome for any legitimate business to wish to do business in crypto currencies and for any trader of them to have a very hard time.

This is the basic gist of what we discussed. Basically legislators know the technology is too democratic to all out make illegal crypto, but the new regs are designed to make using crypto in legitimate endeavors more cumbersome, complicated, expensive and dangerous.

Stay safe.
 Quoting: TrufSerumX


Your uncle intel is wrong.

VISA and Mastercard have begun offering cypto credit cards (where you link it to your crypto wallet or crypto bank account).

Also the interledger and ledger protocols like XRP bypass all that bullshit, which have already been adopted by 80% of financial insitutions around the world and the central banks are already using XRP with their own CBDC's.
My Foolish Daydream

User ID: 73398970
United States
02/22/2021 10:58 AM

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Re: I have Uncle Intel On CRYTPO
The NWO is going to use a crypto to fuel their digital currency. They'll eventually stomp the living hell out of the ones they fear most. I imagine Monero has a huge target on its back right now. To me BTC seems like an NWO created beta-test. So I have no idea what happens to that one. But most of the alt-coins will be destroyed via banning imo.
It's just a bad day, not a bad life. If you run, I will run, until my last breath.
Anonymous Coward
User ID: 80076762
02/22/2021 11:00 AM
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Re: I have Uncle Intel On CRYTPO
All I know is that USG has thrown people in jail for even considering the creation of a gold-backed competitive currency.

Two things gives the USG power: the US military and USD as a monopolistic global reserve currency.

I love the libertarian dreams of the crypto bulls, but if you think the USG is going to just going to stand by and let BTC upend the its USD monopoly, you are delusional.

They don't actually care much about BTC is a speculative instrument, but when they start hearing analysts suggesting the CFOs should replace USD on their balance sheet with BTC, it perks their ears. They will now use every device of government that is required to crush that idea.

Microstrategy and Tesla will both be puking out their BTC positions before the end of the year.
 Quoting: Zalinsky


Or maybe they will HQ elsewhere and not be an American company anymore. I could see Musk doing something crazy like leaving the USA for some tax haven and declaring Tesla's official address as Mars.

The system that runs the USA is about to learn a big lesson soon and that is crypto is untouchable and has created a new breed of untouchable people, people who are not paper rich like the retards running congress, but those who can dump in to the fiat system, short a bank, and dump out again, people with ACTUAL REAL POWER.
 Quoting: Anonymous Coward 78471717


WTF are you talking about?

Buying food, housing, etc. still requires fiat in 99.9% of cases. Crypto wealth is only accessible if there is an on/off ramp. If you are a US citizen/resident, that's a major problem.

Even if you are not a US citizen/resident, the central banks are all connected and are on the same team. The EU will be just as restrictive, if not more so.

The system that runs the USA is about to learn a big lesson soon..

No, the crypto crowd is going to learn a lesson along the lines of Snowden/Assange that the USG is ruthless in the protection of it monopoly, and they will not allow a thing like rule of law to stand in their way.
 Quoting: Zalinsky


It has been possible to buy food, clothes, things from amazon, chipotle, whole foods, furniture with DASH digital cash for years now, including in the U.S. In fact, DASH is accepted at more retailers in the U.S. than BTC.

[link to finance.yahoo.com (secure)]

Jared Polites
January 27, 2021·2 min read

CrayPay, a leading loyalty platform operating in the U.S. aimed at streamlining instant rewards for users in online and store chains, has received an investment from the Dash Investment Foundation.

The cooperation agreement foresees the connection of Dash as a means of payment at more than 155,000 merchant locations and 75 retail websites in the US. The retailers in question include such prominent brands as Best Buy, Domino’s GAP, Lowe’s, Staples and others.

With the new partnership, Dash may become the leading cryptocurrency payment method in the United States surpassing Bitcoin accepted by just 18,739 retailers, according to Coinmap.org.
 Quoting: yahoo!finance
Anonymous Coward
User ID: 80076762
02/22/2021 11:01 AM
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Re: I have Uncle Intel On CRYTPO
All I know is that USG has thrown people in jail for even considering the creation of a gold-backed competitive currency.

Two things gives the USG power: the US military and USD as a monopolistic global reserve currency.

I love the libertarian dreams of the crypto bulls, but if you think the USG is going to just going to stand by and let BTC upend the its USD monopoly, you are delusional.

They don't actually care much about BTC is a speculative instrument, but when they start hearing analysts suggesting the CFOs should replace USD on their balance sheet with BTC, it perks their ears. They will now use every device of government that is required to crush that idea.

Microstrategy and Tesla will both be puking out their BTC positions before the end of the year.
 Quoting: Zalinsky


Or maybe they will HQ elsewhere and not be an American company anymore. I could see Musk doing something crazy like leaving the USA for some tax haven and declaring Tesla's official address as Mars.

The system that runs the USA is about to learn a big lesson soon and that is crypto is untouchable and has created a new breed of untouchable people, people who are not paper rich like the retards running congress, but those who can dump in to the fiat system, short a bank, and dump out again, people with ACTUAL REAL POWER.
 Quoting: Anonymous Coward 78471717


WTF are you talking about?

Buying food, housing, etc. still requires fiat in 99.9% of cases. Crypto wealth is only accessible if there is an on/off ramp. If you are a US citizen/resident, that's a major problem.

Even if you are not a US citizen/resident, the central banks are all connected and are on the same team. The EU will be just as restrictive, if not more so.

The system that runs the USA is about to learn a big lesson soon..

No, the crypto crowd is going to learn a lesson along the lines of Snowden/Assange that the USG is ruthless in the protection of it monopoly, and they will not allow a thing like rule of law to stand in their way.
 Quoting: Zalinsky


You don't know what you're talking about. If they "throw out" the rule of law, they lose all legitimacy and open themselves to counter attack. They're smarter than that. That's why everything they do is by the book and letter of the law.
DiamondBlack

User ID: 75319799
Australia
02/22/2021 11:01 AM
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Re: I have Uncle Intel On CRYTPO
money laundering criminal currency.

[link to www.smh.com.au (secure)]
DiamondBlack communicating to you. [link to i.ibb.co (secure)]
Formerly Eubilicant Complectogram
Formerly The Seeker
[link to www.facebook.com (secure)]

OK People far more intelligent than millennials, OK Doomer, OK Gloomer, OK Zoomer, OK Bloomer, OK Loomer, OK Womber.
Anonymous Coward
User ID: 75993659
Canada
02/22/2021 11:01 AM
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Re: I have Uncle Intel On CRYTPO
yep dont ban it yet ruin it
lol people thought they could take down the central banks and the big commercial banks

you will need to go to much more discreet coins to bypass the system is my guess, monero?
 Quoting: Anonymous Coward 77181668


Central banks are setting up their own crypto's.

Look up "Central Bank Digital Currencies" (aka CBDC's).


OP is a retard and doesnt know anything about crypto's.
Anonymous Coward
User ID: 78010226
02/22/2021 11:02 AM
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Re: I have Uncle Intel On CRYTPO
Buddy just called me from DC. He works for a compliance firm that is also fairly big in the world of financial legislation and lobbying. This guy is sharp. An MBA, numerous licenses. I trust him and we have been friends over 20 years. If he is ever allowed to talk about something, we talk. We talked this am about crypto.

Here is the rumors going around of some new regulations set to hit within the coming months:

1)Crypto Currency will be regulated by current amendable banking regulations. It won't be a control move at the exchanges themselves but rather the on and off ramps of those.

2)Any business wishing to have a SWIFT bank account will be required to instantly settle any and all crypto transactions PRE CLOSE for any transaction over $500.00. Basically meaning, if you want to buy something from me with bitcoin, I have to upon receipt instantly settle that in USD. This will essentially make crypto a more cumbersome payment system. Not an easier one. Also does not allow a business to stockpile crypto. Sure they can re buy it after the convert to USD. But then additional fees etc. We will get to that.

3)No anonymous transactions. Any item / transaction with crypto will require ID verification. They are talking literally scanned drivers licenses etc. For all transactions. Think about the headache. Failure to do so by either party will be met with steep fines, prison, etc.

4)There will be a transactional tax implanted of x percent on all crypto transactions due quarterly to the IRS. If you take 100k in crypto you will owe X percent to the IRS as a business quarterly. On top of and in addition to normal quarterly estimated taxes etc. Its unclear whether its DUE at the quarter or will be an estimated tax and then a final settlement at year end. This means most businesses instantly make LESS when selling something for BTC/Crypto.

5)Per transaction trading fees of x% on all crypto trades in addition to normal standard capital gains taxes. The rates are being discussed are 2-3%. Making scalping crypto nearly an impossible trading process.

6)This will initially be done with current regulations being amended but talk of an all inclusive new bill. Think something like the Patriot Act 2.0. Heavy fines, prison time, and penalties. The goal is to make it very difficult and cumbersome for any legitimate business to wish to do business in crypto currencies and for any trader of them to have a very hard time.

This is the basic gist of what we discussed. Basically legislators know the technology is too democratic to all out make illegal crypto, but the new regs are designed to make using crypto in legitimate endeavors more cumbersome, complicated, expensive and dangerous.

Stay safe.
 Quoting: TrufSerumX


Your uncle intel is wrong.

VISA and Mastercard have begun offering cypto credit cards (where you link it to your crypto wallet or crypto bank account).

Also the interledger and ledger protocols like XRP bypass all that bullshit, which have already been adopted by 80% of financial insitutions around the world and the central banks are already using XRP with their own CBDC's.
 Quoting: Anonymous Coward 75993659


So buy XRP then?
Anonymous Coward
User ID: 79868425
United States
02/22/2021 11:03 AM
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Re: I have Uncle Intel On CRYTPO
cool story bro
Anonymous Coward
User ID: 78386388
United States
02/22/2021 11:04 AM
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Re: I have Uncle Intel On CRYTPO
Buddy just called me from DC. He works for a compliance firm that is also fairly big in the world of financial legislation and lobbying. This guy is sharp. An MBA, numerous licenses. I trust him and we have been friends over 20 years. If he is ever allowed to talk about something, we talk. We talked this am about crypto.

Here is the rumors going around of some new regulations set to hit within the coming months:

1)Crypto Currency will be regulated by current amendable banking regulations. It won't be a control move at the exchanges themselves but rather the on and off ramps of those.

2)Any business wishing to have a SWIFT bank account will be required to instantly settle any and all crypto transactions PRE CLOSE for any transaction over $500.00. Basically meaning, if you want to buy something from me with bitcoin, I have to upon receipt instantly settle that in USD. This will essentially make crypto a more cumbersome payment system. Not an easier one. Also does not allow a business to stockpile crypto. Sure they can re buy it after the convert to USD. But then additional fees etc. We will get to that.

3)No anonymous transactions. Any item / transaction with crypto will require ID verification. They are talking literally scanned drivers licenses etc. For all transactions. Think about the headache. Failure to do so by either party will be met with steep fines, prison, etc.

4)There will be a transactional tax implanted of x percent on all crypto transactions due quarterly to the IRS. If you take 100k in crypto you will owe X percent to the IRS as a business quarterly. On top of and in addition to normal quarterly estimated taxes etc. Its unclear whether its DUE at the quarter or will be an estimated tax and then a final settlement at year end. This means most businesses instantly make LESS when selling something for BTC/Crypto.

5)Per transaction trading fees of x% on all crypto trades in addition to normal standard capital gains taxes. The rates are being discussed are 2-3%. Making scalping crypto nearly an impossible trading process.

6)This will initially be done with current regulations being amended but talk of an all inclusive new bill. Think something like the Patriot Act 2.0. Heavy fines, prison time, and penalties. The goal is to make it very difficult and cumbersome for any legitimate business to wish to do business in crypto currencies and for any trader of them to have a very hard time.

This is the basic gist of what we discussed. Basically legislators know the technology is too democratic to all out make illegal crypto, but the new regs are designed to make using crypto in legitimate endeavors more cumbersome, complicated, expensive and dangerous.

Stay safe.
 Quoting: TrufSerumX


Your uncle intel is wrong.

VISA and Mastercard have begun offering cypto credit cards (where you link it to your crypto wallet or crypto bank account).

Also the interledger and ledger protocols like XRP bypass all that bullshit, which have already been adopted by 80% of financial insitutions around the world and the central banks are already using XRP with their own CBDC's.
 Quoting: Anonymous Coward 75993659


So buy XRP then?
 Quoting: Anonymous Coward 78010226


XRP, XMR and Nano. The scam communities of cryptocurrency. It should be a crime to advocate something that you KNOW doesn't work.....
Mist Walker

User ID: 79127210
United States
02/22/2021 11:05 AM
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Re: I have Uncle Intel On CRYTPO
this is the main reason i stayed out of cryptos. i knew this day would come
 Quoting: mr dull socks


same here,not to mention if the ie crashes there goes your $$
Anonymous Coward
User ID: 80076286
02/22/2021 11:05 AM
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Re: I have Uncle Intel On CRYTPO
the US shit is irrelevant for the globe
Anonymous Coward
User ID: 75993659
Canada
02/22/2021 11:06 AM
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Re: I have Uncle Intel On CRYTPO
The NWO is going to use a crypto to fuel their digital currency. They'll eventually stomp the living hell out of the ones they fear most. I imagine Monero has a huge target on its back right now. To me BTC seems like an NWO created beta-test. So I have no idea what happens to that one. But most of the alt-coins will be destroyed via banning imo.
 Quoting: My Foolish Daydream


80% of the world has already officially declared various crypto's as currencies.

They have also begun adopting crypto ETF's.


Only the USA is far behind in this whole thing.

The SEC is screwing the American public. While the rest of the world is setting up systems and scooping up crypto currencies, the USA is having its hands tied.
Dr. Feels

User ID: 75789655
United States
02/22/2021 11:07 AM
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Re: I have Uncle Intel On CRYTPO
Buddy just called me from DC. He works for a compliance firm that is also fairly big in the world of financial legislation and lobbying. This guy is sharp. An MBA, numerous licenses. I trust him and we have been friends over 20 years. If he is ever allowed to talk about something, we talk. We talked this am about crypto.

Here is the rumors going around of some new regulations set to hit within the coming months:

1)Crypto Currency will be regulated by current amendable banking regulations. It won't be a control move at the exchanges themselves but rather the on and off ramps of those.

2)Any business wishing to have a SWIFT bank account will be required to instantly settle any and all crypto transactions PRE CLOSE for any transaction over $500.00. Basically meaning, if you want to buy something from me with bitcoin, I have to upon receipt instantly settle that in USD. This will essentially make crypto a more cumbersome payment system. Not an easier one. Also does not allow a business to stockpile crypto. Sure they can re buy it after the convert to USD. But then additional fees etc. We will get to that.

3)No anonymous transactions. Any item / transaction with crypto will require ID verification. They are talking literally scanned drivers licenses etc. For all transactions. Think about the headache. Failure to do so by either party will be met with steep fines, prison, etc.

4)There will be a transactional tax implanted of x percent on all crypto transactions due quarterly to the IRS. If you take 100k in crypto you will owe X percent to the IRS as a business quarterly. On top of and in addition to normal quarterly estimated taxes etc. Its unclear whether its DUE at the quarter or will be an estimated tax and then a final settlement at year end. This means most businesses instantly make LESS when selling something for BTC/Crypto.

5)Per transaction trading fees of x% on all crypto trades in addition to normal standard capital gains taxes. The rates are being discussed are 2-3%. Making scalping crypto nearly an impossible trading process.

6)This will initially be done with current regulations being amended but talk of an all inclusive new bill. Think something like the Patriot Act 2.0. Heavy fines, prison time, and penalties. The goal is to make it very difficult and cumbersome for any legitimate business to wish to do business in crypto currencies and for any trader of them to have a very hard time.

This is the basic gist of what we discussed. Basically legislators know the technology is too democratic to all out make illegal crypto, but the new regs are designed to make using crypto in legitimate endeavors more cumbersome, complicated, expensive and dangerous.

Stay safe.
 Quoting: TrufSerumX


Your uncle intel is wrong.

VISA and Mastercard have begun offering cypto credit cards (where you link it to your crypto wallet or crypto bank account).

Also the interledger and ledger protocols like XRP bypass all that bullshit, which have already been adopted by 80% of financial insitutions around the world and the central banks are already using XRP with their own CBDC's.
 Quoting: Anonymous Coward 75993659

its true you can buy porn with xrp on pornhub
Dr. Feels
neutrino

User ID: 79665435
Belarus
02/22/2021 11:08 AM

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Re: I have Uncle Intel On CRYTPO
let me proudly rise the bsflag
Anonymous Coward
User ID: 78471717
02/22/2021 11:09 AM
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Re: I have Uncle Intel On CRYTPO
All I know is that USG has thrown people in jail for even considering the creation of a gold-backed competitive currency.

Two things gives the USG power: the US military and USD as a monopolistic global reserve currency.

I love the libertarian dreams of the crypto bulls, but if you think the USG is going to just going to stand by and let BTC upend the its USD monopoly, you are delusional.

They don't actually care much about BTC is a speculative instrument, but when they start hearing analysts suggesting the CFOs should replace USD on their balance sheet with BTC, it perks their ears. They will now use every device of government that is required to crush that idea.

Microstrategy and Tesla will both be puking out their BTC positions before the end of the year.
 Quoting: Zalinsky


Or maybe they will HQ elsewhere and not be an American company anymore. I could see Musk doing something crazy like leaving the USA for some tax haven and declaring Tesla's official address as Mars.

The system that runs the USA is about to learn a big lesson soon and that is crypto is untouchable and has created a new breed of untouchable people, people who are not paper rich like the retards running congress, but those who can dump in to the fiat system, short a bank, and dump out again, people with ACTUAL REAL POWER.
 Quoting: Anonymous Coward 78471717


WTF are you talking about?

Buying food, housing, etc. still requires fiat in 99.9% of cases. Crypto wealth is only accessible if there is an on/off ramp. If you are a US citizen/resident, that's a major problem.

Even if you are not a US citizen/resident, the central banks are all connected and are on the same team. The EU will be just as restrictive, if not more so.

The system that runs the USA is about to learn a big lesson soon..

No, the crypto crowd is going to learn a lesson along the lines of Snowden/Assange that the USG is ruthless in the protection of it monopoly, and they will not allow a thing like rule of law to stand in their way.
 Quoting: Zalinsky



Buying the food in your world still revolves around that system. Buying the food in my world for the last 3 years revolves around swipe token.

Crypto is the ultimate FU currency, it will just take some time for that to be known. When the major crypto holders decide to protest you will see exactly how FU the currency really is. It will make Soros's short on the UK £ look like a speedbump.
Anonymous Coward
User ID: 75993659
Canada
02/22/2021 11:09 AM
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Re: I have Uncle Intel On CRYTPO
Buddy just called me from DC. He works for a compliance firm that is also fairly big in the world of financial legislation and lobbying. This guy is sharp. An MBA, numerous licenses. I trust him and we have been friends over 20 years. If he is ever allowed to talk about something, we talk. We talked this am about crypto.

Here is the rumors going around of some new regulations set to hit within the coming months:

1)Crypto Currency will be regulated by current amendable banking regulations. It won't be a control move at the exchanges themselves but rather the on and off ramps of those.

2)Any business wishing to have a SWIFT bank account will be required to instantly settle any and all crypto transactions PRE CLOSE for any transaction over $500.00. Basically meaning, if you want to buy something from me with bitcoin, I have to upon receipt instantly settle that in USD. This will essentially make crypto a more cumbersome payment system. Not an easier one. Also does not allow a business to stockpile crypto. Sure they can re buy it after the convert to USD. But then additional fees etc. We will get to that.

3)No anonymous transactions. Any item / transaction with crypto will require ID verification. They are talking literally scanned drivers licenses etc. For all transactions. Think about the headache. Failure to do so by either party will be met with steep fines, prison, etc.

4)There will be a transactional tax implanted of x percent on all crypto transactions due quarterly to the IRS. If you take 100k in crypto you will owe X percent to the IRS as a business quarterly. On top of and in addition to normal quarterly estimated taxes etc. Its unclear whether its DUE at the quarter or will be an estimated tax and then a final settlement at year end. This means most businesses instantly make LESS when selling something for BTC/Crypto.

5)Per transaction trading fees of x% on all crypto trades in addition to normal standard capital gains taxes. The rates are being discussed are 2-3%. Making scalping crypto nearly an impossible trading process.

6)This will initially be done with current regulations being amended but talk of an all inclusive new bill. Think something like the Patriot Act 2.0. Heavy fines, prison time, and penalties. The goal is to make it very difficult and cumbersome for any legitimate business to wish to do business in crypto currencies and for any trader of them to have a very hard time.

This is the basic gist of what we discussed. Basically legislators know the technology is too democratic to all out make illegal crypto, but the new regs are designed to make using crypto in legitimate endeavors more cumbersome, complicated, expensive and dangerous.

Stay safe.
 Quoting: TrufSerumX


Your uncle intel is wrong.

VISA and Mastercard have begun offering cypto credit cards (where you link it to your crypto wallet or crypto bank account).

Also the interledger and ledger protocols like XRP bypass all that bullshit, which have already been adopted by 80% of financial insitutions around the world and the central banks are already using XRP with their own CBDC's.
 Quoting: Anonymous Coward 75993659


So buy XRP then?
 Quoting: Anonymous Coward 78010226


XRP, XMR and Nano. The scam communities of cryptocurrency. It should be a crime to advocate something that you KNOW doesn't work.....

 Quoting: Anonymous Coward 78386388


Scam? You say?


If its such a scam then why did SBI Holdings (with a Rothschild sitting on its board of directors) just adopt Ripple/XRP and plan to offer lending and transactions using XRP.

Do you think a Rothschild would be dumb enough to fall for a financial scam? Or do you think they would want YOU to think its a scam so YOU dont get rich off of it.
My Foolish Daydream

User ID: 73398970
United States
02/22/2021 11:10 AM

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Re: I have Uncle Intel On CRYTPO
The NWO is going to use a crypto to fuel their digital currency. They'll eventually stomp the living hell out of the ones they fear most. I imagine Monero has a huge target on its back right now. To me BTC seems like an NWO created beta-test. So I have no idea what happens to that one. But most of the alt-coins will be destroyed via banning imo.
 Quoting: My Foolish Daydream


80% of the world has already officially declared various crypto's as currencies.

They have also begun adopting crypto ETF's.


Only the USA is far behind in this whole thing.

The SEC is screwing the American public. While the rest of the world is setting up systems and scooping up crypto currencies, the USA is having its hands tied.
 Quoting: Anonymous Coward 75993659


The SEC is also keeping a specific crypto held up. I don't think that's a coincidence.
It's just a bad day, not a bad life. If you run, I will run, until my last breath.
Anonymous Coward
User ID: 76879215
United States
02/22/2021 11:12 AM
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Re: I have Uncle Intel On CRYTPO
Buddy just called me from DC. He works for a compliance firm that is also fairly big in the world of financial legislation and lobbying. This guy is sharp. An MBA, numerous licenses. I trust him and we have been friends over 20 years. If he is ever allowed to talk about something, we talk. We talked this am about crypto.

Here is the rumors going around of some new regulations set to hit within the coming months:

1)Crypto Currency will be regulated by current amendable banking regulations. It won't be a control move at the exchanges themselves but rather the on and off ramps of those.

2)Any business wishing to have a SWIFT bank account will be required to instantly settle any and all crypto transactions PRE CLOSE for any transaction over $500.00. Basically meaning, if you want to buy something from me with bitcoin, I have to upon receipt instantly settle that in USD. This will essentially make crypto a more cumbersome payment system. Not an easier one. Also does not allow a business to stockpile crypto. Sure they can re buy it after the convert to USD. But then additional fees etc. We will get to that.

3)No anonymous transactions. Any item / transaction with crypto will require ID verification. They are talking literally scanned drivers licenses etc. For all transactions. Think about the headache. Failure to do so by either party will be met with steep fines, prison, etc.

4)There will be a transactional tax implanted of x percent on all crypto transactions due quarterly to the IRS. If you take 100k in crypto you will owe X percent to the IRS as a business quarterly. On top of and in addition to normal quarterly estimated taxes etc. Its unclear whether its DUE at the quarter or will be an estimated tax and then a final settlement at year end. This means most businesses instantly make LESS when selling something for BTC/Crypto.

5)Per transaction trading fees of x% on all crypto trades in addition to normal standard capital gains taxes. The rates are being discussed are 2-3%. Making scalping crypto nearly an impossible trading process.

6)This will initially be done with current regulations being amended but talk of an all inclusive new bill. Think something like the Patriot Act 2.0. Heavy fines, prison time, and penalties. The goal is to make it very difficult and cumbersome for any legitimate business to wish to do business in crypto currencies and for any trader of them to have a very hard time.

This is the basic gist of what we discussed. Basically legislators know the technology is too democratic to all out make illegal crypto, but the new regs are designed to make using crypto in legitimate endeavors more cumbersome, complicated, expensive and dangerous.

Stay safe.
 Quoting: TrufSerumX


Your uncle intel is wrong.

VISA and Mastercard have begun offering cypto credit cards (where you link it to your crypto wallet or crypto bank account).

Also the interledger and ledger protocols like XRP bypass all that bullshit, which have already been adopted by 80% of financial insitutions around the world and the central banks are already using XRP with their own CBDC's.
 Quoting: Anonymous Coward 75993659


So buy XRP then?
 Quoting: Anonymous Coward 78010226



XRP may be the best bet because it will be a centralized coin backed by the US. I purchased some awhile back because I read it was ran by Bernanke and a bunch of Stanford guys. So I let my buddy know and he purchased way more than I can afford....Close to 100k. The government temporarily shut his account down and made him fill out paperwork to reopen it. They know what's coming.
GrimReaper20

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02/22/2021 11:12 AM
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Re: I have Uncle Intel On CRYTPO
Wouldn't surprise me in the least. It would be silly to think the Satanic banking cabal elite would take the pesky digital currency invention lying down...

Satan wins just as it did with the US election in Nov...
Back to debt slavery, peasants! (including myself)....
Idol1
drumhead138

User ID: 2628078
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02/22/2021 11:14 AM

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Re: I have Uncle Intel On CRYTPO
With so much main stream corporate backing they won't kill it now...

Yes, they will regulate it.

Yes, they ill tax it.

All of which makes it MORE legit.
 Quoting: 10^33


keep telling yourself that.
 Quoting: mr dull socks


lol

loser cope

you know nothing

this world is going blockchain
 Quoting: Dr. Feels


i own cryptos you fool. i mine bitcoin. but i know nothing. hahahahahahaha.
 Quoting: mr dull socks



You LITERALLY said earlier in this thread you STAYED OUT of cryptos... What the???
In the North I'm called a rebel, in the South I'm called a Yankee...
Anonymous Coward
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02/22/2021 11:16 AM
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Re: I have Uncle Intel On CRYTPO
...


keep telling yourself that.
 Quoting: mr dull socks


lol

loser cope

you know nothing

this world is going blockchain
 Quoting: Dr. Feels


i own cryptos you fool. i mine bitcoin. but i know nothing. hahahahahahaha.
 Quoting: mr dull socks



You LITERALLY said earlier in this thread you STAYED OUT of cryptos... What the???
 Quoting: drumhead138


Shills don't care about the truth
Tekunda

User ID: 79363511
Germany
02/22/2021 11:17 AM
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Re: I have Uncle Intel On CRYTPO
yep dont ban it yet ruin it
lol people thought they could take down the central banks and the big commercial banks

you will need to go to much more discreet coins to bypass the system is my guess, monero?
 Quoting: Anonymous Coward 77181668


Verge is the best privacy coin. Untraceable!
Anonymous Coward
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02/22/2021 11:23 AM
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Re: I have Uncle Intel On CRYTPO
Crypto currency is here to stay. The world wants it.
Blockchain will change the world.

People claiming its all coming to and end, are stupid.

Its like the dummies back in 1994 who claimed the internet is just a big "yellow pages" catalogue...

they cant see or anticipate anything else.
drumhead138

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02/22/2021 11:24 AM

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Re: I have Uncle Intel On CRYTPO
Looking at fundamentals Digibyte is a solid coin as well. I like the concept of XVG (verge) however, it just suffered its third 51% attack the other day erasing 200 days of ledger trades! That is a big deal.

Honestly I am stuck now with it until it gets sorted out. Bittrex has halted trading on it until they can re-map the ledger. That's not good.

DGB though, is pretty well protected from that. And it's got a lot of features that NO other coins have.
In the North I'm called a rebel, in the South I'm called a Yankee...
Tekunda

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02/22/2021 11:26 AM
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Re: I have Uncle Intel On CRYTPO
Looking at fundamentals Digibyte is a solid coin as well. I like the concept of XVG (verge) however, it just suffered its third 51% attack the other day erasing 200 days of ledger trades! That is a big deal.

Honestly I am stuck now with it until it gets sorted out. Bittrex has halted trading on it until they can re-map the ledger. That's not good.

DGB though, is pretty well protected from that. And it's got a lot of features that NO other coins have.
 Quoting: drumhead138


Who profits from such a 51% attack, or in other words, what's the reason behind such an attack erasing 200 days of ledger?
Tooknotice
Casual Observer

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02/22/2021 11:28 AM

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Re: I have Uncle Intel On CRYTPO
This is yet another reason to buy and possess silver, gold, platinum and palladium.... with just a little bit of mental effort, a person can have money and do transactions that are completely private and anonymous...All good coin shops have a private room where giant stacks of cash are traded for precious metals...:
Tooknotice
Coastie Patriot
GLP'er For life

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02/22/2021 11:28 AM

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Re: I have Uncle Intel On CRYTPO
It's bullshit. Can't stand these government vultures. They can't stand people being free from them. They are literally a Mafia a bunch on monsters.
This will destroy crypto. Watch it tank for sure.

I heard Bitcoin will go down to $750. Hard to believe but now I know why they said that.
 Quoting: Anonymous Coward 50406543


its a small club and you arent in it - george carlin
Coastie Patriot
SIC SEMPER TYRRANIS

THE SAME PEOPLE WHO SAID NO GUNS BECAUSE OF POLICE NOW WANT TO DEFUND THE POLICE!!!!

Dr Thaddeus They
They don't really care whether the truth gets out, because the public no longer knows what's meant by "the truth."

Well, I mean, no one can tell the difference anymore between what's real and what's fake.

Anyway, the point is, I can tell you all of this, right out in the open, because it doesn't matter who knows about it. They won't know whether to believe it or not.-
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A gun is a tool, Marion, no better or no worse than any other tool, an axe, a shovel or anything. A gun is as good or as bad as the man using it. Remember that.
-SHANE-

Jefferson Smith: You see, boys forget what their country means by just reading The Land of the Free in history books. Then they get to be men they forget even more. Liberty's too precious a thing to be buried in books, Miss Saunders. Men should hold it up in front of them every single day of their lives and say: I'm free to think and to speak. My ancestors couldn't, I can, and my children will. Boys ought to grow up remembering that . - MR Smith Goes To Washington-

to grow up remembering th

My oath to support and defend the constitution against all enemies foreign and domestic has no expiration date!!!

Ten Bears : It's sad that governments are chiefed by the double tongues. There is iron in your words of death for all Comanche to see and so there is iron in your words of life. No signed paper can hold the iron. It must come from men. Outlaw Josey Wales
Anonymous Coward
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02/22/2021 11:29 AM
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Re: I have Uncle Intel On CRYTPO
Interesting but I think the point about instantly settling in USD will change..

I worked as an executive assistant to a CFO and we never had to settle in USD for global purchases. And those purchases were subject to exchange rate changes which is similar to crypto..

But the other stuff is true. You will 100% need a verified ID to move money.





GLP