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Schadenboner posted:I legit would still like an answer to this. 
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Apr 25, 2019 21:43
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Schadenboner posted:I legit would still like an answer to this. Tax evasion.
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Apr 25, 2019 21:46
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Schadenboner posted:In the mind of that poster, what does he think the dodge he’s doing actually “is”? "you can't tax me if i got the money from another country, also you can't tax me for giving myself money"
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Apr 25, 2019 21:54
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have they figured out how the blockchain is going to work once we have colonies on Mars or is that a lightning network thing
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Apr 25, 2019 22:02
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gschmidl posted:Tax evasion. I guess I wasn’t seeing what he thinks the trick he’s playing was but: fishmech posted:"you can't tax me if i got the money from another country, also you can't tax me for giving myself money"
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Apr 25, 2019 22:29
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...! posted:Bitcoin will become the most stable asset known to man (self.Bitcoin) can't deny that when i think of stables, my mind turns naturally to bitcoin
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Apr 25, 2019 22:45
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story checks out. newton died a virgin; ford had a deep admiration for adolph hitler; jobs couldn't tell the difference between gwyneth paltrow and an oncologist
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Apr 25, 2019 22:50
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indigi posted:have they figured out how the blockchain is going to work Pretty sure their answer is “very well, thank you” probably without the thank you part because they’re not that polite
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Apr 25, 2019 22:55
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Schadenboner posted:I legit would still like an answer to this. he thinks you don’t have to pay tax if you earn money in another country. which, given the US being the only country of any consequence that has global taxation (ie on all income anywhere, with tax credits for foreign taxes paid), is the kind of scheme you come up with in intro to accounting because you are a dumb 19 year old in college who has no idea how the US tax system works.
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Apr 25, 2019 23:01
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indigi posted:have they figured out how the blockchain is going to work once we have colonies on Mars or is that a lightning network thing lightning network would have to be some setup with a channel holding all the currency the entire planet would use and it couldnt close until it caught back up with earth
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Apr 25, 2019 23:17
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sounds like *shudder* statist centralisation to me
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Apr 25, 2019 23:29
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https://twitter.com/patio11/status/1121532756301729792 https://twitter.com/jmhredsox/status/1121538952341512192 one of bitfinex's payment processors (who they had to use because banks wouldn't work with them) stole $850 million from them, so bitfinex took money from the tether reserve to cover it
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Apr 25, 2019 23:39
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the document summary in The Block this is the best news for bitcoin
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Apr 25, 2019 23:59
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because tethers apparently weren't fake enough, apparently they decided to steal from whatever real reserves they had? you can't make this poo poo up.
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Apr 26, 2019 00:06
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quote:Bitfinex allegedly lost more than $850 million of co-mingled funds lol quote:Bitfinex transferred the funds “without any written contract or assurance”’ and didn’t disclose the loss to investors, double lol quote:Executives at Bitfinex and Tether allegedly cooked up a series of “conflicted corporate transactions” in which Bitfinex gave itself access to up to $900 million of Tether’s cash reserves, “which Tether for years repeatedly told investors fully backed the Tether virtual currency ‘1-to-1,’” triple lol e: I don't know about ny financial regs but I know that each one of those steps was illegal / exposing the firm to goofy amounts of liability Best Bi Geek Squid fucked around with this message at 00:16 on Apr 26, 2019 |
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Apr 26, 2019 00:09
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here we go again guys
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Apr 26, 2019 00:11
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Schadenboner posted:In the mind of that poster, what does he think the dodge he’s doing actually “is”? it's simple: you only have to pay taxes because banks are complicit in the government conspiracy to pretend that taxes are legal. since taxes aren't actually legal, all you have to do is avoid having the bank steal your money from you and you're good.
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Apr 26, 2019 00:23
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big day for @bitfinexed
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Apr 26, 2019 00:26
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divabot posted:the document no the price didn't crash, bitcoin is the ultimate stable asset. what really happened was everything in the world increased in value by 5%
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Apr 26, 2019 00:38
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Hurt Whitey Maybe posted:he thinks you don’t have to pay tax if you earn money in another country. which, given the US being the only country of any consequence that has global taxation (ie on all income anywhere, with tax credits for foreign taxes paid), is the kind of scheme you come up with in intro to accounting because you are a dumb 19 year old in college who has no idea how the US tax system works.
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Apr 26, 2019 00:38
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Rocks posted:big day for @bitfinexed
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Apr 26, 2019 00:40
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Apr 26, 2019 00:42
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I have a coiner harrassing me about BAT. has anyone commited any thought to this scheme? it seems like they have their heart in the right place but i don't understand why blockchain is neceassary at all. Why couldn't they just use fiat?
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Apr 26, 2019 01:35
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the basic premise of any "blockchain" tech is: 1. baffle you with bullshit since blockchain has -100 use cases, in that there are no compelling reasons to use it and many reasons to not use it* 2. having baffled you, they are now intent of selling you tokens. these tokens that are not securities (but totally are, don't mind the pounding feet of the local securities regulators coming ever closer to kicking down the door) will be required for mumble, mumble and therefore give the creators money 3. oh no we lost all the money, these things happen but we had to chase our dreams by the way we sold your info to russian hackers who may or may not have already turned your computer into a node in their spam/ddos botnet, read the tos it's covered allowing us to do that repeat until you lose all your money *you may object that there are use cases. then it's not blockchain, it's an actual useful database that has blockchain stenciled on it, in the same way that writing an algorithm to try all the combinations on a combination lock is now a "safe cracking super ai"
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Apr 26, 2019 01:44
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this is a new paradigm though
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Apr 26, 2019 01:47
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Amethyst posted:I have a coiner harrassing me about BAT. is that the one where you shoot marbles into peoples faces?
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Apr 26, 2019 01:50
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that lawsuit document is hilarious imagine needing to apologize in advance for pestering your payment processor to pretty please return your funds
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Apr 26, 2019 01:56
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Boxturret posted:is that the one where you shoot marbles into peoples faces? there's the web browser called brave that blocks ads. you can opt into seeing ads though. but not ads served by google and facebook etc. ads served by the Brave company. ad agencies purchase ad campaigns from brave. when an ad is served, the content publisher gets paid in a crypto token, and the user also gets a cut they also claim to be better than google for privacy because instead of running ad matching algorithms in the cloud the browser instead selects ads to serve from a global catalogue using local processes that aren't shared (though surely Brave can infer your ad preferences from the catalogue request log...) anyway, why use blockchain? seems like you could easily do this with fiat? it's just as centralised...
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Apr 26, 2019 01:57
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this is also funny the NY state office of the attorney general ask bitfinex for answers to questions about a wide range of topics and bitfinex sends them a document with screenshots of tweets and blog posts 
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Apr 26, 2019 02:04
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Hurt Whitey Maybe posted:he thinks you don’t have to pay tax if you earn money in another country. which, given the US being the only country of any consequence that has global taxation (ie on all income anywhere, with tax credits for foreign taxes paid), is the kind of scheme you come up with in intro to accounting because you are a dumb 19 year old in college who has no idea how the US tax system works. that's not entirely correct. many countries have residents file and pay income taxes based on worldwide income with appropriate credits for foreign income taxes. what generally sets the USA apart from the rest of the world is that US citizens have to file US tax returns even if they are not US residents. This is why Roger Ver and the not-zuckerberg facebook founder renounced their US citizenships. edit: this is also why FATCA exists and banks all over the world hate it. Zeond fucked around with this message at 02:13 on Apr 26, 2019 |
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Apr 26, 2019 02:05
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Amethyst posted:there's the web browser called brave that blocks ads. oh was that the one with the fake donation links?
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Apr 26, 2019 02:08
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Boxturret posted:oh was that the one with the fake donation links? isn't the brave browser also run by the guy who was ran out of Mozilla for being a homophobe and donating in support of california's proposition 8?
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Apr 26, 2019 02:11
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among all the things tax dude is mistaken about, the funniest is that he thinks an account in an american bank actually exists in a different country, simply because it is valued in something else than USD
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Apr 26, 2019 02:24
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Amethyst posted:I have a coiner harrassing me about BAT.
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Apr 26, 2019 03:10
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lolquote:60. As explained to OAG attorneys by Respondents' counsel, Bitfinex and Tether have also used a number of other third party "payment processors" to handle client withdrawal requests, including various companies owned by Bitfinex/Tether executives, as well as other "friends" of Bitfinex -- meaning, human being friends of Bitfinex employees that were willing to use their bank accounts to transfer money to Bitfinex clients who had requested withdrawals.
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Apr 26, 2019 03:23
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neutral milf hotel posted:that lawsuit document is hilarious lol I can call up my company's fiat bank and get $100 million in a couple minutes. once I needed $4 billion and that was no problem either! bitcoin is truly the future of finance
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Apr 26, 2019 03:52
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Ghostlight posted:blockchain is never necessary but using it as a marketing tactic obscures the fact that they're trying to sell people on a browser whose primary purpose is to deliver you advertising that circumvents the creators of the content you're consuming. I talked to the coiner about it he is convinced that using crypto is better than using credit cards because it is "permissionless" in that you don't need to authorise a third party to pull from your account to pay media publishers for content and therefore it will solve the problem of people not paying for news because people will just be able to click a button and pay I pointed out that paying for stuff with cryptocurrency is in fact extremely hard and managing wallet files is basically beyond all but the most advanced users and he stopped replying
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Apr 26, 2019 04:03
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also the idea that the reason content publishing on the web is collapsing is due to people finding it too hard to pay microtransactions with credit cards seems very dubious to me the ad supported model is simply unsustainable
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Apr 26, 2019 04:06
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Zero One posted:lol yeah, we do you do that through IM and use cool handles? no? checkmate statist
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Apr 26, 2019 04:07
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never change, bitcoiners  meukow 1 point 2 hours ago Excuse me but someone please correct me if I'm wrong. Tether company loaned $600 mil to Bitfinex with a 6.5% interest. They will repay it back eventually. The problem here is that if everyone wanted to convert their Tether to USD and withdraw immediately, they'd be screwed. Isn't this how our current banking system works. If everyone on Earth wanted to spend their funds that are in the banks right this moment, that would not be possible because it's not backed by real currency (cash + assets). It's wrong when crypto does it but normal when banks do it? Marcion_Sinope 6 points 2 hours ago Just the newest phase in the bankster war against bitcoin. theymos [score hidden] an hour ago* It's distinctly possible that NY is just being authoritarian and trying to crush free enterprise like they always do. vroomDotClub 4 points 4 hours ago This is indeed what happened. SHADY BANKS mucked it all up.. this world is so corrupt.. The higher up you go the more corrupt it is. 2-bit-tipper 7 points 3 hours ago Bitcoin keep chuggin' along while modern finance blows up behind it. QtotheM 1 point 2 hours ago New York sure seems to have it out for Bitcoin and Co. walloon5 0 points 3 hours ago Tether FUD is nonstop. No one is being ripped off. You are all paranoid. The only thing corrupt here is the NY BitLicense and other trash.
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Apr 26, 2019 04:10
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