USA

SmoothGoing

Most people do not have this. It's more of a western thing, and specifically USA. Millions of people live under state sanctioned religion of some sort. Even US is tacitly traditional christian with various convenient exclusions/inclusions. Bitcoin replacing fiat is an odd claim. Just enjoy benefits of bitcoin. If your happiness depends on achieving insurmountable goals there will be disappointment.

111ascendedmaster

This kind of already happens. When someone dies in the USA without a next of kin, the government seizes everything and sells it back to the people.

HvRv

Its just about money and taxes and like you said, the ability to safeguard certain assets so only the rich can grab it. Its ridiculous tho. While USA is bickering for the last few years about putting labels on things the good part of the world is just marching on and couldn't care less.

mightyminnow88

Best thing is to get it on an exchange before you die. Like a bank, they will safe keep until legal transfer is made. By far if you live in USA is this : At day of death your investments are cost adjusted to market value. That means heirs do not have to pay tax on the appreciation and it is documented by the will executor. If you pass money "behind the scenes", your heirs will be subject to massive taxes and/or jail. As sure as death is the fact that the IRS is going to have extensive knowledge on payment / redemption points (and they will get their share).

0x9876543210

This is a list Earthquake on the west coast of USA War between Russia and Europe Expanded war in the Middle East Stock market crash due to banking collapse Another pandemic but this one is a virus that affects brain tissue Terrorist attack on several major cities It’s all doom from now on

lukeyboots

USA lost its status as a superpower long ago my friends. It’s a mid-tier 2nd world country at this point.

Hm3DocDuke

Yes and the ex confederate states of America is not in the USA. Are you nuts or smoking weed hk and china are the same dumbass!

solomonsatoshi

America used to be the strongest economy and post WW2 when Bretton Woods enabled the USD to become the global reserve USA had more than half the planets manufacturing capacity. BUT THAT IS NO LONGER THE CASE. Today CHINA BUILDS HALF of the global shipping fleet and most over everything that other economies want or need at the best price while importing the raw commodities to make those things. Today China hold HUGE GLOBAL market power by being the biggest producer of manufactured goods and biggest buyer of commodities. China now has its CBDC Yuan, DCEP, and is using it to buy oil and gas from Iran and Russia, OUTSIDE of the SWIFT USD system. We have already begun WW3 by proxy but USA cannot declare war on China because to do so would collapse its biggest corporate and itself as they all rely upon Chinas economy. USD vs DCEP vs BTC is the reality you and your friend are BOTH missing.

wealthychef369

crazy how the USA is going to become crazily wealthy just due to the amount they’ve seized.

pullupman

"Don't bring a knife to a gun fight." I don't recommend trying a $5 wrench attack in the USA.

UpstairsAide3058

Can you elaborate? Capital gains is capital gains. For example, if capital gains tax is 15% on crypto (I’m in USA). Year 1 I sell let’s say for example 100k and have 15k in taxes. That’s the same if I sell 50k year 1. And 50k year two, overall I’m still paying the same 15%

Trick_Photograph_232

The $ will not be worth anything if Biden/Dems stay in control. So sad to the once Great USA looking weak and pathetic on the world stage!

PotatoBestFood

Governments want control over their currency. Or rather: they would really not want any other country to have control of their currency. So if Germany started using Dollars, instead of their own money, now they would have to rely on the USA to make financial decisions. Then there’s other issues.

Zomthereum

It actually isn't illegal in the USA between two adults. Please don't spread misinformation.

darkxb0id

I don't earn much my friend, my monthly wage is 70 usd approx and I'm not from USA. thank you for reply my friend.

jsideris

The federal reserve in the USA is technically separate from the government. It's some kind of constitutional requirement that the government can't create its own money. So the central bank does, and in order to obtain that money, the government sells bonds. One downside of this system is that private banks get to middleman trillions of dollars in wealth for doing absolutely nothing but moving money around between accounts. And that's probably the least worst thing about this system.

uncapchad

Depends on laws where you reside or if you're a USA passport holder regardless of where you live. Binance, Bitfinex, Deribit, OKX

bittabet

They’re shutting it down globally not just in the USA. It’s just that if you try to read their blog from a US IP you get the US block message.

FenwickDTR

I got it, so it is way more complicated than "you cannot ban code", actually USA can ban code. Therefore it depends which code and what does it do. So if the USA's gov percieved Bitcoin as a threat, or just as something they want to control, they could totally do whatever they want. It's just upto them.

HesitantInvestor0

I'm thinking in popular terms here. Where are the people from sub living? My guess is mostly USA, Canada, Australia, Europe. Where do you want to live if you are rich? Niger? Brazil? India? What type of person is likely to have enough capital to even purchase 0.25 Bitcoin? People from Ethiopia? Yemen? Where? You're ignoring all probability and statistics to support a point that, next to mine, has a lot less validity. Also don't forget that countries which are poor today may be fairly within a middle class structure in 15 years. Which means higher cost of living. Which means you need more money. Stop thinking in a static way.

Physical-State3960

Depends on what Country you live in.. Stop thinking USA dollars..

stackered

The strange combination of "colour" (British) and "could care less" (USA, common in NY/NJ) is interesting. Probably fake on the "colour" or an expat to the USA?

Comfortable-Lie-1973

Yeah, it would be a Success.  Incest is one of the top trending in porn industry because it is a Taboo. And an illegal act in many countries, including almost every state in the USA. Because of morals and religion.  And our society is driven by the taste of what is not in our hands. Adan didn't eat the apple because of Eve, he did it because it was forbidden.  Meaning that in countries were there is restrictions to incest, people will fall under that scam because they wanna see that "mom" being impregnated by her son and have babies with duck feet. 

Somebody__Online

Please stop talking. You’re way out of your depth and have no idea how the USA economy works. If you think the collective $90 billion I defy has any effect on the inflation rate then please go take a basic economics class

nionios_k

Im in Europe and Strike just started operating here..I made an account easily. What disappointed me is that it has quite a big spread about ± 700 Euros buy/sell per 1 btc PLUS a fee level which goes as: • <1000€ = 1,29% • 1000€-5000€ = 1,09% • 5000€ - 10000€ = 0,89% • >50000€ = 0,79% As of now Binance remains the cheapest option to buy BTC. This at least in Europe, maybe it is different in USA.

chrisscottish

The problem is the USA has turned into Pink Floyd's 'The Wall' people being put through a meat grinder. Your Healthcare and Education is for Profit, which in any society is fundamentally wrong. Religion has been weaponized and extremism applauded (MAGA & Trump). The dumbing down is across the globe not focussed solely on Americans but there is a global class war on one side ordinary Joe who graduates uni with debt and on the other Bankers, Politicians, media owners and tech guys. .... The disparity between the 2 factions is growing day by day and has never been more vicious in my lifetime. Peace and love to everyone 🙏

Odd_Luck6482

Yes, Australia does nothing for the US.. that’s why you have a CIA military installation in our desert that the USA “needs” to intercept all of our communications and launch accurate drone strikes in the Middle East. You wouldn’t be able to target weddings or markets full of civilians without us so have some appreciation 😅 It’s true we would be totally overwhelmed if invaded without US help, so thanks for that.. but we’re not the ones out crippling other nations and installing puppet governments so we’d probably have less enemies if we didn’t join in the fun.

bigbabyg3

What kind of Internet traffic is blocked by the US Govt? Bitcoin is free speech and is protected by the 1st and 4th amendments, so I have no idea what you mean with regard to USA. (China is a different story and crypto has already been banned there, but is widely traded in the gray market - Google "Dylan Run, Shanghai")

raj6126

That’s not Defi. Defi is simply web3 connecting a wallet to a website. Self control wallets or exchange controlled wallets. Defi is really buzz word for lending against your coin assets. What law makers dont understand is that every coin has to start as self custody wallet. If you go on github every new coin uses a self custody wallet before they can even get to the exchanges. This will kill all new coin start ups in USA and there are laws that protect software. Biden does not want this fight before elections. Software is constitutional protected under the first amendment. Now in the future with AI taking over we will look to strip those protections. Imagine how a computer would interpret that. They are 100% protected under the 1st amendment.

FlyHealthy1714

Honest question...not meaning to argue... Is there ANY business case for Bitcoin to go up? Other than new money flowing into it? It doesn't make or sell anything. If it's simply like digital gold, what if China and USA simply say they will not allow any bitcoin traffic to exist on the internet as they roll out their own national digital currencies?

104MAS

Depends on when you plan to sell. Not sure what the laws in EU are but in the USA it really screws up your capital gains taxes. Best to hold a year minimum before selling or you end up paying taxes instead of keeping profits.

colonyy

I thought the same. Clearly and American or English native who's written this. Although it seems a lot more common to say this in USA.

bizaroo933

Maybe we will moon again when Trump is the new USA president

solomonsatoshi

USA will have much greater problems when it loses global fiat hegemony to China and that will happen much sooner if USA loses the wars in Ukraine and Israel.

lukeyboots

Yeah I get that mate. I’m sure it took a lot of hard work to get there. Especially with how cooked the USA is with your 401K system and how little you get from employers. If you’re not in this for a quick buck, then the 20% drop the last couple weeks should be a drop in the ocean for you legend. Hold long term and you’ll be able to cash out when you need the money for kids college or a bigger house or whatever your dreams may be. As for the last bit…no one knows what the fuck is going on mate… It’s BTC. It’s madder than a cut snake getting mauled by a drop bear. Just HODL and enjoy the circus ride.

mossyskeleton

> Last year, the US affiliate of cryptocurrency exchange Poloniex paid $7.59 million to settle its civil liability for apparent violations of US sanctions on certain countries. OFAC’s investigation found that Poloniex LLC conducted roughly 66,000 transactions valued at more than $15 million. >In 2022, Bittrex also agreed to pay $24.3 million to resolve similar charges. A year earlier, crypto payment provider BitPay paid $507,375 to settle violations of sanctions rules administered by the office. Sounds like they'll probably end up just paying some money. I think it's different with CZ because of the "We are operating as a fking unlicensed securities exchange in the USA bro" comment, and other such evidence.

the_ats

I have a close family member who works at VISA high up. The last year has been super stressful. She's ready to retire. Her entire job was summed up to me as concocting reasons, any reason, to get a consumer to swipe their card. The entire business model is built off of those fifty cent transaction fees. Lightning Network as a new backend to Swift will lead to a race to the bottom on the front end providers. Rewards programs, discounts and things like what people see with Cash Back in America can and will happen. I think the most advanced end user program in the USA is Strike at this point.

brianddk

NY is a nanny state. They are the ones that arrested the Samouri wallet devs and the Binance founder. Perhaps they all deserve it, IDK, but every crackdown in the USA over crypto comes from the "US Attorney's Office for the Southern District of New York". Every one.

CHARLIEFORTHEBOYS

Nope. USA all the way baby here. $KENDU solider ready for battle. Come join the telegram and we'll party like the 4th of July!

midmagic

So.. here's the thing. Say you know the law is completely unjust. Say that's a given. Now, since you are a person with full agency you know that the current system will fuck you if you fuck with it by disobeying that law. You know this already, but you still falsify documents and *continue to defraud by tunnelling out funds from current US businesses.* Why do you think it's unfair for the system to act exactly as Roger would have predicted and expected and acted contrary to in the first place? Meanwhile, why would you powerfully incentivize the mass-exodus of all UHNW individuals from the USA after making (say) a billion dollars of American money and benefitting from the fact the USM defends the borders within which they operated? Like what do you expect would happen if they could leave with all their unpaid capgains which they earned within the US borders?

Farvaharr

And this is exactly what I mean, the good old USA COPIUM 😭💀

wvutrip

The world revolves around the mighty USA. Anyone with money or power will attest to that. Even the mighty midget Putin has said as much. It’s common knowledge

Farvaharr

The rates have been dogshit for years, just stop pretending the world surrounds about the mighty “USA” without health care

wvutrip

You born yesterday? US rates do impact the entire world majorly. Everyone buys US treasury bonds because they the safest in the world. Every business consequence is either a US business or does business heavily with the US. US banking system is by far largest (unless you count China state banks, but let’s be real they fake bs). The US is the economic superpower everyone else looks to and invests in. So yes USA rates matter more than anything else.

Farvaharr

You guys really think USA rates = the whole world? Brudda these burgers have some audacity man

RDMvb6

That is similar to the USA national average retail price, and if you are paying retail for mining, you are doing it wrong.

Ilovekittens345

The USA now considers a fair value of those coins, the market price they had in 2014. But there was not enough liquidity to dump 75000 BTC on the market in 2014 and get the market price for it. As such Ver's team valued them lower. They valued them at what they could get for them OTC, a lot lower then market. 10 years the IRS did not complain about that, and now suddenly they are like: you valued the coins to low.

shitcanfly

I blame the USA government for reckless spending during the feds restrictive monetary policy. People always like to rub in your face about how cryptocurrency isn't back by anything, well fiat is based on the trust that the monetary authorities will safeguard the value...... Well that's becoming quite fucked now

murray_paul

> He already paid the USA an exit tax on those BTC, in 2014 at current market prices. Now the USA is saying that he should have paid them in 2014, using 2024 prices. That is not what they are saying, if you read the article. > The indictment further alleges that by June 2017, Ver’s two companies continued to own approximately 70,000 bitcoins. Around that time, Ver allegedly took possession of those bitcoins and in November 2017 sold tens of thousands of them on cryptocurrency exchanges for approximately $240 million in cash. Even though Ver was not then a U.S. citizen, he was still legally required to report to the IRS and pay tax on certain distributions such as dividends from MemoryDealers and Agilestar, which were U.S. corporations. Ver allegedly concealed from his accountant that he had received and sold MemoryDealers’ and Agilestar’s bitcoins that year. As a result, Ver’s 2017 individual income tax return did not report any gain or pay any tax related to the distribution of MemoryDealers’ and Agilestar’s bitcoins to him.

sheldows

The soviet Union got mad when people use to defect. We are so lucky someone smuggle Tetris out of USSR. USA is the only country that requires you to pay US taxes when you don't live in USA. If someone from USA lives in Canada, USA wants access to their banks even if that person is not working in USA. Thats crazy. The politicians in USA seem to have self entitlement to everyone's pocket. And if you divorce them they want there exist tax. Its sad. The best strategy before getting divorced, is to not work for 2 years. That way the insignificant other doesn't expect free support money. I guess people have to use the same technique before dissolving their citizenship.

Ilovekittens345

> It's another thing to sell $240M worth of BTC and think the IRS won't come after you. He already paid the USA an exit tax on those BTC, in 2014 at current market prices. Now the USA is saying that he should have paid them in 2014, using 2024 prices.

Ilovekittens345

the very earliest day Roger Ver is legally allowed to move out of the USA he moves to Japan on that day pay Japan taxes also pay USA taxes 9 years of paying Japan+USA taxes but only living in Japan 2014, formally renounce USA citizenship pay huge exit tax 10 years later gov now say exit tax too small arrested in Spain extradict to USA (?!) Not exactly government via the consent of the governed...

Ilovekittens345

He renounced his citizenship and has not set foot in the USA for years. And yet still they go out of there way to get him. You think that's fair?

sheldows

exit tax? does USA own peoples souls?

Affectionate_Bad8815

Think of all the prospective buyers in Asia wanting to buy btc now.... they will be thinking twice about it. Cant have the HK etf companies out perform the USA ones

heroinspazierer

That's why Apple (and many others) have all their cash in some weird offshore bank account, and can't transfer it to USA for tax reasons?

Walmart_Warrior_420

"We investigated ourselves and found that the US dollar is pure" - USA ( ͡° ͜ʖ ͡°)

solomonsatoshi

Would you prefer USA stopped fighting the proxy war with China via Iran and Russia? I wonder how much you would like it if the USA loses its current global monetary hegemony over the rest of the world and CHINA TAKES over- because that is more than likely if Russia and Iran succeed.

Wartale

It's clear he wasn't happy with the $800 valuation. He left USA and days later the price crashed to $150 and stay around there for years. He was unhappy that he'd have to pay exit tax on $800 bitcoin. Of course he lied about his total holdings and also lied in 2018 and that is the real problem. But it's funny that it's partially caused by the 80% price crash because he timed his exit so badly and therefore felt unfairly treated to pay exit tax on $800 bitcoin so he presumably decided to lie about the total amount by lessen the amount by the same amount the price crashed (\~80% less).

Loudlaryadjust

Making the environment undesirable for crypto is so fuckin stupid for the USA, do you want the entire industry to just fuck off to the UK?

_HolyWrath_

Yeah Skycoin was my favorite until the Chinese government hired hitmen to handle it. Now it's basically just another failed project. This is what tipped me off to the probable fact that Bitcoin is a USA government project. A bait and switch of sorts.

kennynol

Only because it’s not regulated and easy to steal people’s money through phishing scams. When it’s regulated with actual governing bodies overseeing it coupled with insurance and agencies enforcing these laws making it so you need to be registered in this country (I’m talking USA here) to do business, then it’ll be more widely accepted as a legitimate form of business instead of a broken online casino.

UniversalDarkMatter

Thanks, please do. Juilofxpro.com affiliated with Bank in Sweden with Bogus Address they transfer funds outside the USA?? That address has been reported here as Scam Address for multiple websites!

Hopeful_Hippo9614

The baseball card has sentimental value, the dollar has value because it is backed by the USA... things that hold value because they are based on real life things (emotions in the case of the card, and a whole army in the case of the states. Btc is just a code, a fantasy for people hoping for a better, non-government controlled future. Me myself, I was a believer until they started regulating it, then i lost hope

jaraxel_arabani

As much as it's improbable, it's not an impossibility. If they see BTC having any possibility of becoming a currency and medium of exchange in USA thel ban it. Like gold in the olden days.

50coach

USA minimum wage is in no way a living wage anywhere in USA

Rfamilyguy

Suppose to sky rocket 🚀 in the USA 🇺🇸

Fish_physiologist

Where do you want old ammo, vehicles and other equipment to go? You want it to sit in storage for eternity? The USA didn't spend 32 billion fresh dollars, this money was spent years ago. And now they get to move old unused inventory away from rotting in garages to a place where they can be used.

jaraxel_arabani

Ive been trying to find the number it'll start under but can't... Also, with the southbound rules out to buy this ETF the volumes would.never even touch the USA ETFs. I'm personally a bit surprised that the ETF is ruled to not allow that flow, it was literally the biggest interest for these ETFs.

DreamingTooLong

Look for a list of Asian countries that USA passport can visa-free travel to. Those would be the ones most likely to be able to purchase Hong Kong’s ETF.

Rabid_Mexican

...in the USA

Doctor_Fabian

We are sending them a check. It's all weapons. And who sells the weapons. You think the weapons belong to USA. No the USA buys weapons from American companies and gives them to Ukraine. Money from your pocket and mine are being given. Not only that money from your kids pocket is also being given. When you see inflation and a house costing 1.5 million and you see your kids struggle to buy it you will understand how inflation works.

Doctor_Fabian

No need to take over a country for no reason. Why does USA go to Afghanistan for oil. Why does any war star for money. Why attack Ukraine there is no money in it? Start a war for no reason is not like Putin. Have you ever heard him talk. That guy is smart. He is so smart he is scary. Biden is a lunatic. He smells kids, can walk, can't talk. USA should have a smart president. Only lunatics start wars or very crazy people. Trump wouldn't be sending 32 billion to Ukraine and this war would have never started. Why is America sending 32 billion to Ukraine because there nice hell no. They want something out of it. Biden and son have to much money invested in Ukraine

Doctor_Fabian

I'm from the USA. Wtf. Your a dumb ass.

Doctor_Fabian

Ok so your saying St Petersburg is better then london and new York? But the outskirts can be different.? Because in USA even outside of Los Angeles area which has turned ghetto. I know I live in California. They don't even have roads. I used to deliver in California. Going outside Los Angeles near Riverside area. There's no roads. Murrieta, lake Elsinore , Temecula. Tons of houses and no roads. I would ask myself this is 39 min away from the store how do they eat. In Los Angeles in the streets , rats , needles, drugs on the floor. Tents that have been burnt down. Cars that have broken windows because they been robbed. If you go to a store and your McDonald's has a bullet proof glass then it's 3rd world to me. I been Tijuana Mexico and I don't see that. And that's narco town.

Doctor_Fabian

So the 32 billion that Biden just sign doesn't exist. The same bill where they are banning TikTok? So your saying USA. Is not giving our money to Ukraine?

Doctor_Fabian

Wtf. It wasn't like that. Where do you see your news. Why would you think Russia would attack schools for nothing. Come on think a bit. You think Russia woke up one day and said mmm let's kill Ukrainian kids. 3 things happen. Nato broke the deal of never trying to include Ukraine to NATO... Ukraine Nazis where torturing Ukrainian Russians....and USA had been creating military camps inside Ukraine. Now think what's more reasonable those 3 things happen or Putin went mad and wanted to eat children that day?

Doctor_Fabian

Lol. Russia destroyed Ukraine in days. Why the fuck do you think USA is sending 32 billion to Ukraine in the vill that just passed. For food. Lol. The British army was captured in video by the own British TV, soldiers have come back to USA and have said they been in Ukraine. For real you think USA is sending 32 billion for nothiing. What would you do in Putin's position. Let them out weapons near your borders. Destroy your gas rigs. They pushed him into this. As a world power you can't be pushed so much. Russia wanted to sell them cheap gas. Now they have to buy weapons and gas from USA. Who wins? USA. Who loses. Us Americans, Europe. If Russia wins they don't lose. Also 15 billion will go to Taiwan so America is also pushing China. Don't know what the manic Biden wants but soon he will leave office. And hope we see peace.

Rabid_Mexican

On my tax form I have to declare all my assets, I don't live in the US. I believe the form is 8938 in the USA.

Doctor_Fabian

They're in a war with all Nato allies and mercenaries. Why USA is making them go to war for no reason but to bully Germany to destroy their economy. Who wins USA who loses Europe and Russia. Because a crazy old as fuck as Biden is in power. Hope people vote better next time. Oh USA is sending like 32 billion of our money there for no reason.

lednmktg23

This isn't entirely true. Our loans are still available in most of the provinces. We had to shut down our yield products in Canada and the USA though.

subcide

Wealth tax in general feels incredibly un-USA to me (even under Democrats), which was why I asked. It's weirdly shitty if it's a crypto-only law though.

StinkeyeNoodle

You are correct. America is a third world country for the majority of the citizens. The corporate oligarchy and political corruption is destroying the country. The gap between the rich and poor is enormous, with an ever shrinking middle class. The right wing ideals are a scourge on society. Schools are not safe. Gun violence is rampant. Racism and homophobia are common. The good ol’ USA is actually one of those shit hole countries they like to tag everyone else as. They just can’t seem to realize it….

Rabid_Mexican

What? In the USA you have to declare any assets over a certain amount you realise? I think the fact that this sub doesn't know a basic thing like how to file taxes says a lot. I don't even live in the USA and I know this.

OneMassiveAttack

USA - lmao

Elusive2122

Makes sense how the USA Government has so much btc

blackdvck

Well you don't have to live in the USA if you don't like their laws ,you could move tyo bitcoin friendly country.

JashBeep

This is a stumbling block for many no-coiners, too. It's a reasonable concern and worth thinking through. I would start by questioning and challenging the justification. On what grounds? Tax evasion and criminal activity would be the likely claim. Take it a layer deeper. If that is the concern, is banning self custody wallets an appropriate course of action? IMO no. Forcing law abiding citizens into counterparty risk is not in line with broader espoused values of the USA. This isn't meant to be a complete negation of the concern or a hand wave, just the start of a framework about how to think about such an action. Next, it's worth thinking about how such a law would be enacted. Congress? Executive Order? SCOTUS? All of those parties are accountable to the people. To that end, I think any such law would not be durable. Especially as bitcoin continues to grow in other parts of the world. I am not from the USA but I would imagine a good number of people who held bitcoin in self custody would bunker down and weather the storm while lobbying for change. From a game theory point of view, there many come a time in the near future where the USA overreaches and it causes a fear-based price dip. My eyes are open to that opportunity. **Tyranny requires constant effort.** **It breaks, it leaks.** **Authority is brittle.** **Oppression is the mask of fear.**

Sad-Cod-345

Bitcoin will never be the primary "currency" it is too techy for the masses, lacks simplicity like the traditional checks, cards and cash, if it ever goes near that point then the USA will ban the shit out of it big time, they will make it even worse then having tons of drugs, you are delusional if you think the government will let go of the currency they can print and control, other country's will follow has always, everyone owes money to USA, everyone needs US dollar to payback, that's why they give out money, to always have other countries in debt with them, you think you can get away with still using Bitcoin if it ever gets ilegal to own? Really? Banks know we're you send money, banks and the government are best friends forever, you will just need to look suspicious enough and have the IRS on you for a big party.

gregcron

Seems like a pretty broad statement to make without consideration for what's important to an individual. What makes you say that, and why USA-specific?

analogOnly

Honest opinion, renting > home ownership, in the USA.

itsam

The USA, if you’ve ever tried to do crypto taxes in the USA you would know

Spl00ky

>I don't see it as a problem. there's enough bitcoin for everyone, forever. Some people will invest, some will not. Some people will save, some people will spend. Like I said, the fixed supply nature of bitcoin is the problem due to its deflationary pressures. You'd be surprised how cheap people are and how much they'll go to save a few bucks. >It wouldn't be more more than [this](https://pbs.twimg.com/media/GJitWKdXwAAvgWP?format=jpg&name=4096x4096). this inequality is made by printing money and the cantillon effect Ya except there is no reason to give out loans under bitcoin as earning a return off the money itself would make more sense. Thus, a poor person would never be able to become an entrepreneur. >you're destined to be poor because you didn't bought gold in 1950?? because you didn't buy google, apple, facebook when they come out?? this is a poor argument. this point is not going to your head. YOU COULD SAVE. you wouldn't be poor. Thanks to capitalism a whole new crop of business spring up from time to time for people to invest in. If you're assuming bitcoin will become the de facto currency, then there would be no other competing currencies to invest in. Again, saving withholds capital for investment. This is for lazy people. Capitalism doesn't thrive with laziness. >YES, everyone collective would become wealthier. even the poores of them all could SAVE and have a modest life. The poor would stay poor because there wouldn't be enough jobs given that demand for goods and services would be significantly reduced. >how? people cant SAVE. That's why you invest your money either back into yourself e.g. getting more education to earn more money or you invest it into cash producing assets like stocks, real estate etc. Again, "saving" cash and expecting a return on it just introduces laziness. >you don't. you don't need inflation to grow the economy. A gentle nudge of inflation helps grease the wheels, again to incentivize investment. The USD has already lost something to the tune of 99% of its value and yet the USA still has the greatest economy on the planet. >my final question for you: why are you even on this sub and are you/why are you buying bitcoin? Because I just see bitcoin as a speculative asset. It's pretty unlikely any of these doomsday scenarios will play out but I'll still keep a small percentage of my overall investment portfolio in bitcoin just incase I'm wrong. Moreover, I just like to debate I think most people here didn't even take high school economics, so their perspectives are rather skewed. I'm not saying the current system we have is perfect, but seems like everyone here is saying the sky is falling and yet if that were the case, why does the USA already have the strongest economy on the planet which is based off fiat money?

ActualSherbert8050

The FBI should be worried about becoming the enforcement agency for yesterdays milk. Doesnt the dying force that is the USA have more important things to be looking at?

solomonsatoshi

LMAO how you think its not the Chinese CBDC Yuan that takes over? Dollar reserve status is based upon domination in trade....something the USA once had but does not have anymore- China does. Bitcoin is NOT used for international trade settlements. Increasingly the Chinese Yuan is...and their CBDC is specifically designed to increase the international use of the Yuan.

Ronald-Gut

I’m honestly not from USA. I’m European.

Practical-Metal-3239

Bro, what are you talking about. There is no socialist party in the USA. Both parties are right leaning conservative...

---Q_Q---

Retail traders in Asia in most countries already have access to the spot ETFs listed in USA.

kindoflikesnowing

Solana and USDC is the best end to end solution especially for those in the USA. You can bridge your USDC from Coinbase to Solana at either free or very close to it. And USDC is easy for the receiptant to cash out or hold

klykerly

USA.