USA

Walmart_Warrior_420

"Nobody even notices" - USA ( ͡° ͜ʖ ͡°)

CaptainDr

As of 2020 there’s no reserve requirement in USA either

TalkingElmo

Canada 8/10 toxic govt USA 10/10 toxic govt lol

HelpfulJones

If this refugee lands in the USA, even undocumented immigrants are currently being provided with some level of basic needs (food/lodging and other benefits). I believe most EU countries also have some level of social welfare for immigrants. Serious question: Presuming this refugee is intelligent and capable enough to figure out how to obtain some amount of crypto and store it in a cold wallet, what's stopping the refugee from using his passport to obtain a bank account and off-ramping his crypto through any available exchange? Or, if your point is that crypto is not widely recognized and accepted and generally must be off-ramped to fiat to be "widely" useable, I would say, "ok... so what?" How is that any different from someone from war-torn "Badstan" fleeing to sanctuary in "Betterstan" and having to exchange their Badstan fiat for Betterstan fiat in order to use it? With crypto, it might not be as easy for older grandparents to figure it out, but the dude with the Trezor likely can grok how to go about it.

RuachDelSekai

To be fair, the last place that will adopt this is the USA. It's most likely going to pick up steam in places that don't benefit from controlling the world's reserve currency.

Affectionate_Bad8815

Gotta love Sunday nights (USA time)

Independent-Space-23

You missed a key point Gold and silver can rather easily be manipulated due to naked short selling  Naked short selling is the selling of an asset you don’t actually own  www.gata.org explains it very well But here’s the thing you forgot about Bitcoin: It runs on a GLOBAL DECENTRALIZED UNFORGEABLE ledger Wanna audit the USA’s gold reserves? First of all big balls to you, second, they will tell you when,  lease the gold from the private sector for that date, and after the audit they will give it back , and continue to run the giant worldwide gold trust action  Wanna do the same with Bitcoin? Good luck with the Bitcoin blockchain to prove you actually own the Bitcoin you tried to sell: you have to buy the actual Bitcoin first 

bitusher

> What is the cost of living in Costa Rica around the Bitcoin Jungle? Very high, lots of land are rare these days and a half acre can easily sell for 60k usd and a house on that lot with middle class USA standards sells for 300-500k these days >How is the Internet there (price, speed, availability)? Fiberoptic at 50 Mbps down is around 90 usd in more remote areas Starlink right now gets over 100 Mbps for under 50 usd In towns and cities you can get 150 MBPS down for ~50 usd

bitusher

These are my neighbors and your preconceptions are so far from the truth on so many levels. For one , property values here are higher than many parts of the countries like the USA and we have clean milk and farms with healthy grass fed cattle. Extremely rare to get sick from the raw milk here

Patient_Ad_6701

>vs looking at some nuddie mags 30 years ago Ur so naive if you think thats the only thing they used to do back then >no wonder it's a fact that anxiety, depression and suicide is the highest it's ever been in kids these days. Thats just bs. Quite the contrary suicide rates have actually declined or stayed stagnant since the 1950's and most reasons of suicide is normally financial security not porn.. [USA has been pretty much the same since the 50's](https://www.statista.com/statistics/187478/death-rate-from-suicide-in-the-us-by-gender-since-1950/) [UK has seen decline of 28 percent since the 50's](https://commonslibrary.parliament.uk/research-briefings/cbp-7749/).

Never_Banned

When you are trying to lose weight, there's the phrase "you can't outrun your stomach" The USA has a similar problem. The problem is spending. Unless you cut that, it will never get better. Unfortunately, the USA can't cut spending or it cannot project its power globally anymore

David-Neves

Realistically the price should drop at least for the next two months as there really is no "new money" coming in, basically normies or people outside of the BTC ecosystem are just not interested yet / anymore. There was a big boom in interest and new investment with the ETFs but as always hype dies down, we should still be quite early to the cycle top, remember it’s usually the year after the halving. Also there are signs of an eminent economic crisis in the USA which should turn people away from investments like te S&P or BTC but who knows, it mostly depends on the rates imposed by the government so if they keep them high it’s more probable that people put their money in BTC

benjaminchodroff

Bitcoin on Lightning utilizes the bitcoin mainnet capability to establish "hash time lock contracts" (HTLC) between nodes allowing a channel to be formed. Basically... it can then support millions of transactions per second with sub-penny costs by securely sending bitcoin between Lightning nodes. "But what's the catch?" You ask! Well, unless you are personally running the node software yourself, then the node is fully or at best partially custodial and has some amount of risk. However, we are seeing MANY exchanges including Coinbase, Kraken, River, and other notable ones around the world begin to support enabling Lightning payments. This is paving a way to avoid the excessively high transaction fees for "small payments" (aka: buying a cup of coffee) AND begin to save their wealth in bitcoin. There are now free and open source Bitcoin Lightning software clients that give a very reliable partial custody (or integration to self custody node) such as Zeus which I highly recommend to everyone to try: [https://zeusln.com/](https://zeusln.com/) If you want to go the whole nine yards and run a server at home or work for a full merchant experience to accept Bitcoin on Lightning with total integration to Wordpress WooCommerce and more, I personally recommend BTCPay Server: [https://btcpayserver.org/](https://btcpayserver.org/) If you are outside of the USA AppStore (sigh...) and want the simplest but custodial experience without any KYC, then check out "Wallet of Satoshi" which I still love for small amount of sats.

bsun-321

I am not USA citizen what I need to pay federal taxes ? Or it’s exempt for non citizens?

BTC_is_waterproof

Yeah. This is USA specific, and it’s even more so the Biden administration. There are some pro-crypto Dems for sure. It’s just not what the party represents at the moment.

lepasho

Well, I would say maybe in USA. No in other countries. I am a person very close to latin american people and asian people living in Canada. In my daily conversations with them, a lot of them say "I wish crypto was not seen as something from the 'right' just because USA" or "I wish crypto were not polarized by politics". These communities are basically left and even in their home countries (e. g. SE asian) are pro-crypto. I know a "whale" from vietnam. That group is "almost far-left" for USA standards.

Odd_Luck6482

So either way, ammo is the main currency in the new USA 😅

daemonpenguin

They might, but I wouldn't bet on it. I was reading stories about how China was going to overtake the USA in terms of economic strength and power any year now 20 years ago. I remember, for instance, reading these copies [1] of the Globe and Mail, which printed headlines in Chinese characters in 2005 to drive home the point that China was about to overtake the North American economy within the next few years. Yet, here we are, 20 years later, and it has yet to happen. I read similar articles back around 1990 too taking about how China was going to become the world's next super power in the next 20 years. And yet... it hasn't happened. North American news outlets tend to make China out to be a bigger threat to their position than reality would dictate. 1. https://chinadigitaltimes.net/2005/10/globe-and-mail-china-rising-are-we-missing-the-boat/

rebro1

War started years before that attack by USA CIA setting up their marionette government in Ukraine to further influence to east, right on Russia's doorsteps. But the "attack" from Russia is something all ppl see because it's all over media, large scale and physically visible. In reality, Russia is basically defending from west, not attacking it.

Greizbimbam

Putin would never do that. But this dude high on dementia who cant even read from a teleprompter or Walk straight without drugs, i dont know about him. Seriously, noone will try to nuke anything as long as the USA have enough nukes in their submarines to destroy everything they want. There is no equality in nukes on this planet, the USA are the big Boss there.

mightyminnow88

If you are a resident than just apply for the "C" permit. Keep in mind taxes are quite high and depending on your age, there is a military obligation. I would let this clear before selling and you will be good as far as avoiding the capital gains from USA.

snalli

Musk has been successful since he started in -95. It’s **a bit** different with SBF, who didn’t even work 10 years before he was busted. He went from an intern in 2013, graduated from MIT in 2014 to 41st richest in USA in 2022.

PepeDeCorozal

The people running the USA hate it and the people in it. They want to collapse it to bring about their own vision of world government. If you don't see it yet, you will.

Any-Kaleidoscope7681

Also, who's got the kind of money ready to wire to pay for such a transaction? I doubt even the USA has that much liquid cash. I mean they could print it, but that alone would devalue the dollar quite a bit against BTC, wouldn't it?

Va3V1ctis

Yes, but highly unlikely. Debt can be managed and repaid by huge increase of productivity and then taxing that and paying the debt with it, this happen after many countries were in debt because of WW2 and then huge increase of productivity allowed many of them to pay the majority of debt. Taxing the billionaires or taxing huge companies wouldn't be enough, neither would huge decrease of government spending. Will it happen? Probably not, we see and will some increases in productivity due to LLM, ML and AI, but it probably will not be enough. And if you talk about Bitcoin being some savior, it wont be, it will be just the storage of wealth, when US Dollar plummets to the bottom, and Bitcoin value in turn skyrockets, but this is just a speculation or maybe even just wishful thinking. Plus when US Dollar some day plummets due to enormous US debt and countries and companies don't want to buy US bonds or lend USA money anymore, there will be other much worse consequences for the majority of people all around the word!

Eliagbs_

Unless you put it in your luggage with other jewelry. Once travels from USA to Canada to Puerto Rico and customs stoped me once I was already in Puerto Rico with my luggage, they told me I had about $30k worth of jewelry that I needed to claim because they were all packed in my nice watch cases… I looked at them and read the customs law to them of “personal use” after they said I had to claim them and pay $5k for the jewelry. As soon as I pulled out my business card they put everything back and let me go. This was in 2019 so I can only imagine how bad it’s gotten since.

No_Improvement_1075

With a quick search I found the monetary base for the USD is 4.8 trillion and that the US currently owns 207,189 bitcoins. So to peg the USD against bitcoin the price should be 4,800,000,000,000/207,189 = 23,167,253 So around 23M per bitcoin. Of course they wouldn’t proceed like this, if the US govt had an interest on pegging the USD against bitcoin, they would first try to acquire as many cheap bitcoins as they can, which could reduce the final price. For this to work the USA would have to become superfluous, as they can’t buy bitcoins by printing money or emitting debt as that would only increase the USD money supply. Take note that this is just a quick analysis, many other forma of debt are not being taken into account here, so the 23M could be completely off, but is at least an easy approximation. Feel free to correct any point or improve this answer with more information.

Lonely_Cold2910

USA could invade Russia and China and steal all their valuables and gold to pay off debts.

Chillbizzee

Just watched a third of it but he seemed pro crypto in USA, I for one and I assume most fellow yanks here would agree.

calvitius

well I don't live in the USA and I'm not American so I'm good. but a law does not passes overnight. and that would require him to have support of Congress. I doubt even democrats would vote for such a law. many have investments lol

JapanDash

What a buffoon Trump is. His disciples are even bigger idiots, even more dangerous. All Pres. Biden has done is given us a virtually full employment economy, opportunity for former students to erase massive debt, solidified our weakened NATO Alliance, actively supported heroic Ukraine against the monstrous Russians, strengthened and added to our successful healthcare system, added billions to our Social Security and lain the foundation for economic strength and wealth for years to come. Then on the other side, we have miserable, corrupt, anti-Democracy Republicans, who want to reverse every Democratic-led success in our Nation. And those are allot of successful policies and programs, which have led our USA and its people to extraordinary wealth and comfort as a Nation. I like Americans doing the right thing. There are far more Patriots in our land than right-wing MAGAt whackos. All we good people have to do is vote for Pres. Biden and Democrats in November. Do that and our Nation continues to grow, continues to become more wealthy, and will begin to attack the major threat that will ultimately crush us, if we don't address it, our insane National debt. Let us be normal. Let us be Patriotic. Let us do the right thing. Let us vote for Pres. Biden and the Democratic Party in November. Let us flourish as a Nation.

JapanDash

What a buffoon Trump is. His disciples are even bigger idiots, even more dangerous. All Pres. Biden has done is given us a virtually full employment economy, opportunity for former students to erase massive debt, solidified our weakened NATO Alliance, actively supported heroic Ukraine against the monstrous Russians, strengthened and added to our successful healthcare system, added billions to our Social Security and lain the foundation for economic strength and wealth for years to come. Then on the other side, we have miserable, corrupt, anti-Democracy Republicans, who want to reverse every Democratic-led success in our Nation. And those are allot of successful policies and programs, which have led our USA and its people to extraordinary wealth and comfort as a Nation. I like Americans doing the right thing. There are far more Patriots in our land than right-wing MAGAt whackos. All we good people have to do is vote for Pres. Biden and Democrats in November. Do that and our Nation continues to grow, continues to become more wealthy, and will begin to attack the major threat that will ultimately crush us, if we don't address it, our insane National debt. Let us be normal. Let us be Patriotic. Let us do the right thing. Let us vote for Pres. Biden and the Democratic Party in November. Let us flourish as a Nation.

JapanDash

What a buffoon Trump is. His disciples are even bigger idiots, even more dangerous. All Pres. Biden has done is given us a virtually full employment economy, opportunity for former students to erase massive debt, solidified our weakened NATO Alliance, actively supported heroic Ukraine against the monstrous Russians, strengthened and added to our successful healthcare system, added billions to our Social Security and lain the foundation for economic strength and wealth for years to come. Then on the other side, we have miserable, corrupt, anti-Democracy Republicans, who want to reverse every Democratic-led success in our Nation. And those are allot of successful policies and programs, which have led our USA and its people to extraordinary wealth and comfort as a Nation. I like Americans doing the right thing. There are far more Patriots in our land than right-wing MAGAt whackos. All we good people have to do is vote for Pres. Biden and Democrats in November. Do that and our Nation continues to grow, continues to become more wealthy, and will begin to attack the major threat that will ultimately crush us, if we don't address it, our insane National debt. Let us be normal. Let us be Patriotic. Let us do the right thing. Let us vote for Pres. Biden and the Democratic Party in November. Let us flourish as a Nation.

digitalbleux

I don't like either candidate so I definitely don't have a dog in this fight. But to stick to the topic of crypto, here are some key points to keep in mind: Let’s get this shit straight about why you shouldn’t buy the idea that Trump would be pro-cryptocurrency. It’s pretty clear from his own goddamn words: 1. **He Fucking Hates Bitcoin**: Trump has openly said, "I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air." This was straight from his Twitter feed, so it’s like hearing it from the horse’s mouth. 2. **Scams and Illegal Activities**: He’s railed against crypto by associating it with illegal activities. This dude once said, "Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity." So basically, he's linking it to all sorts of underworld shit. 3. **He’s a Dollar Fanboy**: Trump is all about the dollar. In the same tweet, he said, "We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable." His boner for traditional cash means he’s not about to cozy up to digital coins that threaten the supremacy of his beloved dollars. 4. **Regulatory Nightmare**: He’s advocated for heavy regulation if crypto tries to become part of the banking system, saying they must seek a new Banking Charter and become subject to all Banking Regulations. Sounds like a fucking headache and a half, which doesn’t scream 'pro' to me. 5. **Competition to His Empire**: His business is rooted in real estate, a typically stable asset. Crypto’s wild west could destabilize the market norms that have made him a billionaire, so why the hell would he support something that undermines his own empire? So, you see, this guy's stance on crypto is like expecting a lion to go vegan—ain’t gonna fucking happen. Keep these points in mind if you ever think Trump is gonna wave the crypto flag; it's more likely he'd burn it.

KryptoChic

Tether is an amazing money making machine when interest rates are relatively high like now. Tether pays no interest to its Tether token holders. But Tether holds debt instruments like USA treasury bills where they get over 5% APR. The time to worry about Tether is if interest rates go very low and even negative but no now with relatively high interest rates.

AHRA1225

Crypto is bigger than the USA. That you would vote for trump over crypto truly means you don’t give a shit about your country and just personal greed. Biden or trump can’t kill crypto.

LatinumGirlOnRisa

not saying you but when reading some of the posts about this topic on socials sites it seems like many people haven't actually read about what the literal criteria is in order for an asset to pass the test. seems like many are just repeating what they hear from others. because, for a lot of us, it's actually questionable regarding whether or not they legally do pass the Howie test - which was, clearly, written with entirely different asset classes mind. and there was no way for lawmakers of the distant past to predict the invention of crypto. and what they're doing, it's like trying to not only force square pegs into round holes, it's like trying to fit many *different* shaped pegs into round holes. because not only does every cryptocurrency *not* function in the same way but also *here in the USA the SEC is supposed to PROVE each one IS a security, not that they're all monolithic and therefore are all securities. but because they don't have the funding and the manpower to go after each crypto asset that supposedly worries them - which is inconvenient for them - they're trying to get away with NOT doing their actual assigned *jobs* by claiming all on their list are all magically securities - just because Gary and his friends say so.🙄 but that's not how it's supposed to work. and for the record, I'm not saying all of them are not securities but if they're NOT going to actually do their job and prove they are then why are they getting paid? and remember, this is on the heels of the SEC not getting the outcome they wanted regarding the Ripple case. as the majority of those sales, the assets that retail investors purchased, the outcome of the judgement was that the lion's share - about 75% - were *not*. securities..which of course made Gary very angry. and everyone who doesn't yet know what these kinds of cases are really about - why the government is actually terrified of Bitcoin & alt coins - should read the following books.📚 The Creature From Jeckyl Island by G. Edward Griffin side notes: Griffin is a very contentious individual, for sure, who I do. *not* agree with about many things he says & believes. but in spite of his detractors regarding, specifically, what he wrote about the centralized fiat currency system, he seems to have much of it correct. also, Griffin, himself had a few criticisms of at least the first documentary mentioned below the next set of books.⤵️ The Bitcoin Standard by Saifedean Ammous The Fiat Standard by Saifedean Ammous please also watch these documentaries: Money as Debt I Money as Debt II by Paul Grignon and if you can find the revised version of his first doco in the set,, Money as Debt I, then go for that version..which Paul graciously updated after accepting a few criticisms of some of its original content.👍 and these films, they're not perfect but they're both fairly spot on. I haven't yet watched the 3rd installment: Money as Debt III and I suggest those resources because anyone not yet aware of what actually underlies the SEC's actions is usually quite shocked to find out the facts of the matter. and people like G. Edward, Saifedean & Paul are trying to save others from something people all around the world were all born into but which most of us grew up not really understanding. and the thing is most responses that happen, after asking most people in a day only a few key questions about the centralized govt banking system, demonstrates that this is true, the lack of understanding something so significant and affecting our material/financial lives. I've even talked to adults older than I am - by a decade & more, sometimes a LOT more and many actually believe the US dollar is still backed by gold!😯⚜️ and it also turns out many adults don't know about the fact that after the Advent of The Great Depression the US government - with parameters - confiscated gold & gold certificates from citizens [literally stole it because trading it for deflated money was forced]. the government claimed that not just greedy people & businesses were "hoarding" gold but even individuals & families who already had more than they were then allowed to keep, who couldn't afford to hoard new gold assets, they accused them of hoarding, too. so, authorities, including the Secret Service, helped to carry out the new law. but order 6102 was illegal because it was signed by President Franklin D. Roosevelt, not the Secretary of the Treasury as the law required. subsequently the Secretary did write 2 fresh orders so the what the President intended would be seen as 'legitimate.'

Aristotlewiseman

A future government can try balance the budget as best it can and go for growth , that’s the only way to get things under control. The price of trying to cut spending is so onerous that most bottle out and just repeat the cycle pushing the issue down the road , most countries are doing this and are now painted into a corner. USA now needs 1 trillion a quarter new money just to stand still, they won’t default ever but eventually inflation will get them

LatinumGirlOnRisa

I use CEX's [in addition to DEX's] because some things just can't be done yet without giving in and using some of the services. but even though I'm not a fan of Coinbase those accusations are ABSURD.🙄 and those quotes sound desperate and pathetic. it even *feels* like they know they're not true. they seem like fake assumptions vs. like anything real, makes my skin crawl. Gensler & the government hate crypto, FULL STOP.🛑 they're fighting a battle they'll eventually lose because more Americans are learning how to get around such bans and why is Gary still the SEC chair?😠 I thought he was due to be replaced by March or April. anyway, they're all dinosaurs doing what they can to keep the USA in the dark ages! they are trying to make certain that instead of being one of the nations in the fore of innovation that we'll be dead last. it's embarrassing, infuriating & I'm just smdh😐

delhibuoy

"How about both?" - USA

Walmart_Warrior_420

"Debt is actually really good because it helps build your credit score, look at how well we're doing" - USA ( ͡° ͜ʖ ͡°)

chloe_priceless

The only way to fix that with bitcoin is, to get bitcoin now secretly on the balance sheet. Like keeping the bitcoins from frauds and so on and not sell them. Also aquire Bitcoin like Mr 100 for Fiat Money directly in secrecy (no one know how Mr100 is). Also doing direct bitcoin mining - so they have fresh untagged and un-kyc-ed bitcoin where no one knows who the real miner is (this has to go on since the last shift in bitcoin fud where all the miners wen to the USA . If they acquired enough bitcoin, they have to go to phase two and make a huge announcement that the FED or US gov got Bitcoin as a reserve near gold. Then that will increase the price of the coin - because some Central Banks will do that too and a lot of Companies will jump right on the train. So the fixed amount of Bitcoin will increase in price in huge amounts 3-10x. The first Country has the First Mover Advancement and got there before the huge price increase. Now they selling their Bitcoin and pay slowly of their balance sheet and are back before 1971 where spending and gaining money are somewhat equal.

SomewhereUpstairs514

While you’re still high on your mighty army horse - how exactly are you(USA) different from Russia or any other horde of cannibals that just forces their way through?

Unlucky_Start_8443

Rather be poor than have an insurrectionist rapist grifter at the head of the USA? That annoyed you so much?

1BannedAgain

Save us? Save who? And save who from what? Your God-Emperor trump saved the USA from spending a few million on the pandemic response team, and shortly thereafter, a plague swept the globe. *He’s the problem*

road22

10 Ask this same question to somebody in Turkey, Argentina, IRAN, Lebanon, Nigeria, or South Africa. The success on bitcoin is determined by the failure of FIAT. So what you are really asking is how sure are your currency will fail. I am 100% the DEBT it USA, CHINA, JAPAN is going to fail. Gold is to old and hard to move.

the2nicks

Apparently a lot of businesses (in the USA) allowed for BTC payments but they weren’t used so support wasn’t continued.

kajunkennyg

I been around a while, I know some folks and what they are not telling you is that politicians are doing the politic thing where crypto is concerned. They are answering to money, sure they will take donations, show up to crypto campaign drives for handouts and make promises but never deliver. Trump can say he will support crypto but the right depends on donations from banks just like the left. If you recall the most recent bill that passed had Ted Cruz trying to change the wording so it didn't fuck miners or wallet creators in the USA. Another rep kept blocking it. There was a ton of threads in these subs about how that guy was backed by banks. Crypto has a short memory, we think we have acceptance but everything is leaning toward the legacy markets treating crypto like penny stocks, extract as much profit out of it as possible. It's a risk asset and they will bail on this quicker then almost any other risk asset. So, by donating or voting for trump, ask yourself if he will hold or sell. Like I say you get what you vote for and both parties answer to basically the same dollar. Election time is when they push social issues to divide us, abortion, gay rights, civil rights, etc. Why don't voters demand real change, decreased spending, audits on where all our fucking money is going, some major cuts etc. Nah, that won't be brought up. The right will shit on Biden because of inflation, like he did it all by himself. Like Trump, Obama and Bush had no part in making printer go brrr and not raising rates since 2008. But an educated voter base knows this so they don't educate. Don't vote for Trump if your only metric is that he said he's cool with crypto. It isn't in your best interest.

fairysquirt

Point out where i'm talking about any of that, let me rewrite the short one statement so you don't read your novella into it. Not everything is about usa. I said.... surprising this is actually smart on part of the SEC, this kind of strategy could protect whole nations (ie if those nations put a similar requirement on banks to collateralize their crypto holdings).. i never said jack shit about the sec acting on other nations. You as an american ... can read 'oh he's saying it could protect a whole nation, not just a bank or single clusterfuk of hedge funds, so then the sec doing it could be a good thing nationally for us'. There's more money in crypto than circulating dollars in USA, not doing this could collapse your entire fuking economy into the new great depression. Geo politics my ass im purely talking finance, you sound like you google words and use them but have no idea what context they're actually relevant. Fuk your politics its just accounting. Are you an actuary?

81zi

You're the one spreading lies here, he never said "On the path to a PHD". Here is the audio of Laura Shin inteviewing Charles, where he says he dropped out ([link](https://twitter.com/laurashin/status/1500556969886760963)). Laura: "So one of the very first questions I had was you said you were a student when he first heard of Bitcoin?" Charles: "Yeah, I was a grad student..." Laura: "Were you getting your Masters or PhD?" Charles: "**I was trying to get a PhD**. And I ended up dropping out and never finished." As you see, he never said "on the path" but "was trying to get...ended up dropping out and never finished" when asked a question of whether he was getting Masters or PhD. Basically what he is saying is he was studying with an itention to do a PhD but before getting one he dropped out. What is the lie here? Because a student indended to do a PhD and then got another better opprotunity for himself and dropped out, you're saing he's lying? The only thing I can see is some people putting words in his mouth because he's talkative guy and is quick to reply to a question. Could he explained it better? Yes, maybe. But this clip itself is not showing any lie. I could be wrong for USA (but I doubt it and don't bother researching since from my knowledge is the same for all European countries), but here in my country you can start to study and then later on decide to which level you'd like to go. But I believe this is also the case in USA because usually before enrolling into one study program, people do not know what you'll do a PhD in the end and can usually choose between different programs/paths. And many people start to study with an intention of being PhD and drop out before achieving it, because their life trajectory changes and they get some other opportunity which they do not reject. And he stated he "was trying" (to achieve something), he did not state he "was doing it" (acting on it). He got stuck and before achieving his ultimate goal (before he applied to study) was not reached and he dropped out because he saw better opprotunity for himself. So please explain me how he is lying, because this is the only thing people are stating he lied about besides early days of ETH where he was also proven he did not lie. What is he also lying about? About the thing that out of all biggest blockchains Cardano is the most decentralized? No, because there is decentralization index that backs him and was created by some university (I think in Edinburgh, but could be wrong here). About the Africa? If you seen all of his youtube clips, then you'd know he said on one of them that basically he can't tell since some things are NDA and that while doing business with governments things are taking time to settle on every possible detail. Plus WMT token on Cardano is already opetationable in Africa so Cardano is already providing business there. And yes, most people can't listen to him more than 5 minutes, since attention of people nowadays is around 15sec (social media generation) and rather get feed up with such lies you were also exposed to. And having to listen to him talking more than 30min and be concentrated on what he says is to much for most people. But as someone replyed to you already, he's talking technical stuff and for such people (including myself) he can provide a lot of insightfull information. Oh, but he lied several times that some feature will be available after "2 months" but instead it took "4 months". Trying to predict how much time you'll need to build some robust software is everything rather an easy job. I'm doing it regularly and know how hard it is and sometimes you guess it right and sometimes you just don't realize that there is potentionally another thing you did not count something in while making prediction. And if this is a lie for you (he missed predictions), then all technological companies lies at some point and you should stop using all technology, since you claim you do not "support liers". And no, I'm in cult and am investing in other blockchains, I'm just alergic to people not doing research and spreding lies with claims of somebody lying where in fact they are the one doing it. And it is rather rare these days for someone to take their own time to try to explain (uneducated) people for free on how things (the topic here is crypto) work in general and what are the reasons behind taking such approach. Yes, this "free" statement of mine can in your mind be viewed as "but he's just shilling his project", but in reality, he's doing it for free on youtube and is explaining about something he passionate about and believes can change the way things are built. I've never noticed he shilled and doing diamond hands on his videos. He's just explaining what he's passionate about - crypto technology and insights from this community.

SuleyGul

The thing is this is how people like Hitler got to power. This is not the way to create positive change. This kind of change can only lead to chaos and destruction. Trump is a narcissist in the purest sense of the word and he would burn the USA and the world down if it stroked his ego and made him feel loved and powerful.

SluttyPotato1

You don't understand what i'm saying. High prices are a GLOBAL ISSUE right now. No one country or president can control gas prices or grocery prices. Please explain why grocery prices are higher in UK and Australia if indeed Biden has control over them for USA?

SluttyPotato1

LOL OPEC controls gas prices. Nice try though. Imagine being dumb enough to think President of USA controls global gas prices. Gas prices are even more expensive in Australia. That also must be Biden's fault!! You don't understand global economics. Why was GDP growth so low under Trump if he is so good for the economy? Why were job growth lower? LOL.

SluttyPotato1

USA inflation is better than most of the world. Seems like you don't understand how a global economy works. Check GDP Growth, Job Creation, Stock Market performance etc, etc. etc. Facts don't care about your feelings.

Lurko1antern

> Surely, the economy is not in the best shape, but that's inherited with problems Like what? Which economic problems in the USA are the result of Biden’s policies and which are inherited?

BrainNSFW

If you mean a democracy in the same way that Russia is a democracy, then sure. If you pay any attention at all, you would see pretty much the entire GOP signaling that they will install stooges at every level of government, which will guarantee them that they can simply ignore any election result that doesn't favour them. They're already saying they won't accept the election results on this year if it doesn't favor them. What more evidence do you need that they lost the plot and don't want a democracy? Trump promising us that he'll go after anyone who opposes him or is even critical of him? He already did. Trump saying he wants to be a dictator for a day? He already did. Trump selling state secrets? He already did. The GOP taking away your freedom? They already did and will continue to do so. Literally stealing an election? Trump already tried and almost got away with it. He WILL get away with it next time. Hitler stole democracy in a similar manner; the USA seems to have forgotten that, but Europe sure hasn't.

solomonsatoshi

If the USD loses its global reserve currency status/hegemony it seems probable that the Chinese CBDC (DCEP) which already facilitates a growing share of global trade payments would be the primary currency. After all just as post WW2 the USA dominated global manufacturing capacity and commodity purchasing power, today China does. In that case Bitcoin might be a refuge for some people and nations wishing to operate outside of Chinese protocols but the extent, utility and size of that refuge is difficult to estimate.

JahIthBur

If I was in the USA I would vote for rfk for sure and Bernie and tulsi

fairysquirt

What. I fuking hate politics read what i'm saying not your possessive ego is thinking. This strategy could protect whole nations. Ie. It might work in USA where SEC is relevant.

Emergency-Bet8041

He would change his mind just because wind blows different way. I know that and I’m not even from USA. Memes with him were fire tho.

blorpianblorp

It is a USA problem. In fact it's so bad I've had credit cards that I've never used get charged overseas for thousands before. My only guess is they were intercepted during mailing, at the card issuer or someone or somehow generated randomly. The best part is cars security is a fucking joke, some banks will decline local purchase as suspicious and let other random charges in the middle of the night pass right on through.

MC393

Is ZenGo app a good place to start purchasing Bitcoin? USA based investor.

sfgisz

Sounds like a very USA problem. In my country both CC and our SSN-equivalent require an 2nd factor for authentication. Can't just enter a card number and spend willy nilly.

MaximumStudent1839

>  What if I told you that under new Basel 3.0 rules, banks will be required to allocate [1250% reserves](https://www.bankingsupervision.europa.eu/press/publications/newsletter/2023/html/ssm.nl230215_1.en.html) to hold BTC.  You gave me a link to the ECB's decision when we are talking about the USA. Give me a link showing the FED's position. > understanding Basel as it is now and what is planned for the future.  Your issue is with the current implementation of Basel. It is ludicrous to think the SEC shouldn't compel entities to give full risk profile disclosure just because banks are subjected to Basel regulations.

Dazzling_Marzipan474

Charles Hoskinson did a YouTube on this today. Saying that billions of dollars left the USA and tens of thousands of jobs because the awful "laws" in the USA regarding crypto. Whether you like Charles or not he's spot on.

crazydrummer15

So you didn't vote? Or you're not in the USA. There were two mfer's and one was also a wannabe daughter fk'er.

Paparux

The world does not start or stop with the US. It's looking like USA will stepping down from the strongest economy soon.

Discokruse

I am defending the bill as written. The tax only affects citizen with over $1B in assets or income earners of $100M/yr for three consecutive years. These people are actively avoiding taxes within the MMT environment. Who we are talking about is roughly 60 individuals in the USA. They should have paid some taxes instead of waging class warfare against the poor.

pcvcolin

I don't agree with any of the recent proposals regardless of any of the income thresholds they might apply them to. It is all a scam by a rapidly collapsing empire that realizes it can't make up slack by selling T-bills to deal with the debt it creates and the government has created an economic situation nobody will ever recover from so it tries to steal more money from us. And it won't be people "only in one economic category" although that doesn't make it right (if anything overtaxing people / companies that make more wealth just incentives the welfare state further and disincentivizes wealth / job creators from staying in the USA). No, what these many proposals communicate is that we should take our assets and flee the USA.

kovacsDG

Keep the Bitcoin, but if you sell it, long-term capital gains (more than 365 days held) in the USA get 0% tax if the profits are no bigger than 44k or so

2LostFlamingos

The USA electronically erased / froze / turned off Russia’s dollar reserves. Just click. Gone.

the2nicks

This is being considered in the USA, I’m in the UK so it shouldn’t affect me, but there is always the concern that if one country does it and it raises substantial revenue then another might follow suit. Putting that aside, I think it’s an awful idea, you’d be forced to sell your crypto to pay the tax they’re demanding. What about if the crypto subsequently falls in value, will they refund you? The UK doesn’t refund capital gains tax in subsequent years, it just gives you a credit against possible future gains. Once taxed, will they tax you again if you continue to hold that crypto? Will they expand this to all assets e.g. unrealised gains on property … you might have to sell the property to pay the tax! Or is this just an attack on crypto?

solomonsatoshi

Russia and Iran are already selling their oil and gas for CBDC Yuan.China produces most things most countries want. All USA exports is weaponry and debt.

solomonsatoshi

Russia and Iran are already taking payment for their oil and gas exports in YUAN. Seems to be a BIG BLIND SPOT in this sub re Chinas probable takeover of fiat hegemony as USA declines. China has already over taken USA as the biggest producer and importer. Nearly all nations NEED to trade with China or suffer serious consequences. Not a big fan of CCP either but just realistic.

Ok-Aspect-805

Way less corrupt than other countries. USA is prosecuting a former president for paying for a non-disclosure agreement! Basically an accounting charge trumped up by political opponents…this is the definition of corruption!

mastetz01

USA here $5 wrench is answered with .45 between the eyes

pcvcolin

I could have included Switzerland (and a few other countries) but I didn't. In the case of Switzerland, it's complicated. There is ample evidence of inclusion (rather than exclusion / active regulation intended to delist or disfavor) bitcoin from being able to be bought, traded etc in a variety of institutions in Switzerland. However, Switzerland is a country with a FATCA agreement with the USA, unlike El Salvador, which does not have a formal FATCA agreement (though El Salvador has explored the issue). Further, in Switzerland, whether a crypto investor is classified as a private investor, self-employed trader or a business, the implication of income tax, wealth tax or both varies.  Private investors in Switzerland are not subjected to capital gains tax on profits generated from crypto gains as long as they fulfill five criteria. This includes transaction volumes not exceeding five times the original capital, a holding period exceeding six months, capital gains contributing to less than half of overall taxable income, minimal usage of third-party financing and employing derivatives only as a hedging tool.  For commercial crypto traders in Switzerland, however, losses from crypto trades can be carried forward for the following seven assessment years and capital gains are subjected to progressive income tax rates defined by Swiss laws.  Moreover, an additional 10% of crypto profits in Switzerland need to be expended toward old-age and survivors’ insurance for such self-employed traders or businesses. Yields from mining, staking or even income generated from tokens received via airdrops are taxed in Switzerland too, but depend on the categorization of the investor and only add incrementally to the net tax outflow. Much simpler is the situation in El Salvador, where they simply aren't taxing your use of bitcoin.

Melanculow

Why not Euro? It is a stronger, stable currency that is less politically loaded for the enemies of the USA

OptiYoshi

I mean Vivek is an absolute moron, it only takes listening to the guy for 5 seconds to realize he is just parroting talking points he knows nothing about to try and get attention. As for BTC as the reserve currency, I personally don't see things going that way at least not in our lifetimes. Reserve currency is about power and power projection, pricing things in your currency so that your fiat system is better than all others. There is no Army forcing people to pay taxes in BTC, there's no threats being made to ensure oil is priced in BTC etc. There's no one pushing for BTC to be the standard for trade agreements. These are the things that make a reserve currency. Bitcoin in the medium term (20-30 years) I believe will ultimately be used as a reserve asset, to secure, strengthen and preserve the status of fiat currency just as the USA does with gold reserves and the swiss does with a basket of assets (which exceed their annual GDP in value). Further, it will be increasingly adopted by institutions/corporations as both a mechanism to preserve cash flow and as a diversification tool in a stable portfolio. More importantly BTC will become the ultimate settlement layer for AI agents and the internet, however that settlement will still be conducted in fiat denominated amounts. Bitcoin is a digital asset, not a currency. There's a lot of reasons that governments won't want to use a bitcoin standard and I don't see there being enough political pressure to change otherwise for a very long time. BTC still has another 20 years of run room before it starts stabilizing with long term growth to be expected around ~10%/year at maturity (M2 growth plus real GDP). In case someone here thinks I'm being pessimistic, if the above medium term happens that would be extremely bullish on BTC as insane price discovery would have to happen before then.

LoriLeadfoot

No, the Roman Empire was not on a gold standard, that is a common misconception among folks who are really into gold. Rome used gold coinage, but like all other metal-money civilizations, they also coined other metals. Almost all societies were at least *de jure* bimetallic before 1871. The USA was bimetallic until the 1890s. This explanation of the fall of Rome is extremely outdated and was suspect at the time, and was combined with other dubious claims that have since been dismissed. It remains popular among people who see the gold standard as the solution is essentially all societal ills. Again, you have a rosey view of the gold standard days because you simply know less about life back then. Ruinous economic busts were extremely common and people were broadly much poorer in real terms. You speak of unaffordable housing compared to a time when many people in their working prime lived in itinerant worker camps. Education when the time you’re comparing us to saw a much greater portion of the population living in illiteracy. I recommend reading about the USA at least during this time (1871-1913). It’s a pretty important era for our country.

pcvcolin

If? IF?? Here's a short list and it includes places inside and outside the USA just in case you need some alternatives: 1. Wyoming 2. Hyder, Alaska https://archive.is/0IZwf 3. El Salvador Notes: El Salvador is known as being highly favorable with respect to digital currency laws. No taxation and free in terms of how you can use it. See also: https://www.cisatrust.com/country-profiles/el-salvadors-tax-system/ 4. Malta 5. Slovenia 6. Georgia 7. Cayman Islands The countries above in 3 - 7 don't tax your bitcoin or other digital assets and aren't creating regulatory minefields for you either. The states / regions in 1-2 have a very light regulatory touch and Wyoming in particular pioneered state laws to protect your ability to assert that your digital assets are in fact your property no matter where they are held, and won't tax them (the federal government in the USA is another thing though). FATCA details to be aware of and thresholds: https://tax.thomsonreuters.com/en/glossary/fatca#:~:text=non%2Ddisclosed%20assets.-,Which%20countries%20follow%20FATCA%3F,Belize%2C%20Argentina%2C%20and%20Monaco. Non-FATCA countries: https://best-citizenships.com/2019/12/06/non-fatca-countries/

TheGentileOpressor

I would say bitcoin is a lot lower in that trajectory phase and USA is a lot higher than this prediction.

Sacify

USA is good you've got the Second Amendment :-D ... in Europe, we're fu\*\*\*\*

The_Realist01

I get what you’re saying. To be frank, outside of bitcoin world, very few people think, let alone know about these trends and their likelihood of occurrence. I agree on your points here. That said, I don’t intend on being here to witness the ship going down. There’s nothing you or I can personally do to save it. I’ve been doing quite a bit of passport shopping lately lol. In a few years, will probably pull the trigger here. Then I get to worry about whether or not they wealth tax me in the 7 year period after getting wealth taxes at the onset. USA is a racket.

0x9876543210

You will always be a citizen of at least one country and so would pay capital gains in the country where you sold for fiat. Germany and USA have a tax agreement so you don’t get taxed twice. Where you get taxed will depend.

2LostFlamingos

I thought USA gave up the game as soon as they turned off Russia’s dollar reserves. Sure it felt good. But as soon as everyone stopped cheering, every thinking person went “oh wait… they can do that?” And thus began the countdown to the end of the dollar as world reserve currency.

treetopflyer100

From US corp to USA👍 it’s whole world of difference.

Corona_DIY_GUY

IF the $ hyperinflates? I'd stay in the USA. Salaries will eventually adjust, I own a home with a low interest rate, my debt is essentially worthless, and I have a stack of bitcoin to counter it. In my situation, the dollar hyperinflating would be pretty great, because I have assets that would inflate with it.

na3than

Which exchanges allow buying BTC while in Germany? Exchanges whose Terms Of Use don't disallow users from Germany. Which exchanges allow holding for a few years? All exchanges do, until they go belly-up due to financial shenanigans. You're better off withdrawing from the exchange to a non-custodial wallet. Which exchanges allow selling BTC in USA? Exchanges whose Terms Of Use don't disallow users from the United States.

ScoobaMonsta

That's right. But I don't think it will become illegal in the USA. Its a decentralised protocol with no premine or ICO. Its POW from the beginning. Asics resistance mining which many would say has better decentralisation than BTC mining. If they make Monero illegal they would have to apply the same judgement to BTC. And I don't see that happening! Not the way BTC is now absorbed into the legacy system with ETF'S. The USA would have to make all forms of privacy illegal to make Monero illegal. I just don't see this being a possibility with the USA's constitution.

IndependentSpeck

Bitcoin is held in 3 possible forms. First, it can be sitting on an exchange. Second, you could be holding it in a hardware wallet (offline only). The third is called lightning, it's a second layer for the bitcoin network that allows instant, low-fee settlements of bitcoin, usually referred to as Sats or Satoshis, which are each 1/100,000,000th of a bitcoin. So if you wanted to pay for something small and cheap, you would ideally use the lightning network. It's not the same as using a debit card, but it's easy as that; all you need to do is have the merchant scan a QR code (or vice versa) to send or receive the Sats you want to transact. Voila. Fast, easy, reliable and irreversible transaction. If the other party wanted to refund you for any reason, they'd simply press a few buttons to send it back to your lightning wallet. I've been into Bitcoin for a few years, so this is knowledge I've gained over years, all distilled into one easy-to-digest ELI5. I hope it helps you, because if you use it and use lightning, it will benefit everyone on the entire network. Greater adoption is one of the best things happening in the bitcoin space right now. Be warned, lightning can be VERY difficult to use if you self-custody it. When you self-custody, there are sometimes opening and closing fees for lightning channels, which just means you pay more money over time to operate the channels if you don't know what you're doing. I use Strike for custodial lightning in the USA. It's controlled by someone else, but it basically guarantees your Sats are safe and useable whenever you want to use them, no worry about opening or closing channels involved. Good luck, and hopefully, welcome to Bitcoin!

xtcxx

China has been wrecking their own people for generations. Ironic but USA has the better base line growth. China already has a falling working population and its going to get worse, they lack oil and a few other reasons like having a military dictatorship sitting on them

MaximumStudent1839

> you’ve seen an aggressive dramatic shift limiting your ability to do anything. Most of the drama is about denying ETH ETF. It is not a dramatic shift limiting anything... The airdrop geoblocking thing isn't even one pushed by the SEC. It is just new projects' lawyers being cautious and some wanting to be malicious. Yes, some had purposely said they want to geoblock USA to pressure US users to go after the SEC. > but it’s easy to disregard letters from constituents. Not if it can garner critical mass attention. The problem with the industry is it is extremely self-serving, narcissistic, and myopic. It makes launching a public sentiment campaign extremely difficult because it is hard for outsiders to sympathize with our PoV and behavior. You copying Scientology simply exacerbates this problem. Scientology isn't well-liked publicly. The industry becoming like Scientology is a good way to get public hate and lose Congress support in passing meaningful legislation for the industry. If the SEC is wrong, the US court system will rule against them. There is no need for these lowball tactics.

necropancer

>Bitcoin will be worthless if there is a monetary collapse in the USA. >Bitcoin is extremely liquid, and will be the first thing to be traded for food, medicine and other needs. So, which is it?

Zombie4141

Bitcoin will be worthless if there is a monetary collapse in the USA. The USA holds the world economy together. We go, everyone goes. And what do you think people will offload first if the economy collapses???? Liquid assets, Bitcoin is extremely liquid, and will be the first thing to be traded for food, medicine and other needs.

mish_mash_mosh_

Reserve currency's normally change based on military might. It will definitely not be the end of times, but will probably be the end of the USA as a super power / military power house. Country's like China are already getting ready for this issue by moving over to BRICS for their cross boarder payments.

Abby1994_21

I dont know if its centralized because the Bitcoin is locked on chain when using the services, plus i hold my own keys, But yeah regarding the oralce that does needs to be more decentralized so that users can pick their own orcale. Yeah it is true doesnt work in USA.

OhBarnacles123

Yeah deflation is great for an economy. Just ignore 90s Japan, 30s USA, and any other nation that has experienced significant deflation. Being incentivized to keep cash under a mattress (or in a wallet, as it were) instead of investing or spending it is exactly what you want to promote growth.

Uzivert-

My brother and I combined hold at least a whole coin. I’m an immigrant from a communist country and my brother was born here in the USA. Mom and dad is all we got. We aren’t letting their venture to this country die in vain.

SmoothGoing

The centralized team of kids will take 8% of everything and runs the price Oracle and can fudge it against you. Doesn't work in USA.