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Have you guys heard of Bitcoins?

I seriously can't believe how any country would even allow any currency, other than what it considers legal tender, to be used for transactions.

Simply avoiding taxes in it self, one would think would be enough.

Might as well allow people to use Casino tokens as "currency".
 
ROBERTSON said:
I seriously can't believe how any country would even allow any currency, other than what it considers legal tender, to be used for transactions.

Simply avoiding taxes in it self, one would think would be enough.

Might as well allow people to use Casino tokens as "currency".

Some serious companies are thinking of accepting them. Rumors has it that Amazon may do in the near future. Others like Subway, PayPal and Expedia already are.
 
Legal currancy

Legal currancy

Some serious companies are thinking of accepting them. Rumors has it that Amazon may do in the near future. Others like Subway, PayPal and Expedia already are.


I don't doubt that, but my point is, I don't understand how governments will allow this, money laundering, tax evasion, just a few points come to mind.
 
I don't doubt that, but my point is, I don't understand how governments will allow this, money laundering, tax evasion, just a few points come to mind.

Governments are greedy and will find a way to tax them. Not sure how but they will figure it out.
 
Governments are greedy and will find a way to tax them. Not sure how but they will figure it out.

Also, this is gambling, and I don't see any signs of governments even tackling that aspect, let alone money laundering, tax evasion.

I do hope you are right though, this needs to be gone NOW.
 
The only way for this to be shut down, is for all of the advanced nations to ban the use of non legal currency/digital currency, and cooperate in enforcing the rules.

Any nation that does not enforce the ban, would suffer economic consequences.
 
ETH situation is looking grizz. VET/XLM/LINK with some AMB to round off holdings from here on out..
 
Large bitcoin company goes bankrupt. $0-$50 k in assets, millions in liabilities.

EAST WENATCHEE — Giga Watt, the bitcoin mining and blockchain computing company, filed for bankruptcy Monday and is also facing eviction in Douglas County.
The company filed for Chapter 11 protection in the Eastern District of Washington bankruptcy court saying it is, "insolvent and unable to pay its debts when due," according to court documents. The company listed assets of between zero to $50,000 and liabilities between $10 million to $50 million.
The Port of Douglas County also started the eviction process…


 
I still wonder at how supposedly intelligent people thought this idiocy was sustainable, talk about believing in a fantasy.
 
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