From what I've seen in crypto news, this is true..
Even coinbase (currently the largest digital currency exchange in USA) is being sued by the IRS, because the IRS wants every one to pay taxes on bitcoins and wants coinbase to hand them the information of every single person that is using coinbase so they can find out who isn't paying bitcoin taxes..
The banks (especially bank of america) are applying for and grabbing up TONS of blockchain patents..
Crypto-currency is probably (in my opinion) the 2nd biggest disruptive technology in history (the 1st being the internet)..
But it strikes at the very heart of the control that international banker elites have, by bypassing fiat currency completely and rendering it obsolete.. The elites will try every thing in their power to prevent their control from slipping away.. They don't ever want to lose the ability to print billions of dollars any time they please (which is like every day)..
They already realize that they can't just make the blockchain disappear.. So instead they are going to embrace it fully, and take over control of it, and create their own coins, which will be taxable (hell, they already tax you on bitcoin though)..
And eventually they will make it illegal to use any crypto-currency besides their own.. You won't even be able to use bitcoin, because it doesn't allow them the ability to print new money on demand..
Isn't freedom to use your own currency the reason why the american revolution started?..
Well, it might be that time again soon..
On a side note, you guys should seriously invest in digital currencies.. The rate of return is UNGODLY.. In normal investing, you would do well to make 10% in gains a YEAR (for example, putting your fiat currency in the S&P 500).. But with digital currencies, it is more like around 30% A MONTH.. That means if you put for example $1000 in to digital currencies, and wait a month, you would now have about $1300.. And if you keep it in there for about 2 years with out taking any out, you will be semi-rich.. I've only been investing in it for a few months and already made some mad money.. But DON'T put all your money in one coin; Diversify!.. You should probably be splitting your money in to at least 3 coins.. For example, maybe bitcoin, litecoin, and ethereum.. That way, even if one goes down for a while, you will still make a profit.. Disclaimer: For some unforseeable reason the whole digital currency market could collapse and you lose all of your money, so invest at your own risk..
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Baconmon ago
From what I've seen in crypto news, this is true..
Even coinbase (currently the largest digital currency exchange in USA) is being sued by the IRS, because the IRS wants every one to pay taxes on bitcoins and wants coinbase to hand them the information of every single person that is using coinbase so they can find out who isn't paying bitcoin taxes..
The banks (especially bank of america) are applying for and grabbing up TONS of blockchain patents..
Crypto-currency is probably (in my opinion) the 2nd biggest disruptive technology in history (the 1st being the internet)..
But it strikes at the very heart of the control that international banker elites have, by bypassing fiat currency completely and rendering it obsolete.. The elites will try every thing in their power to prevent their control from slipping away.. They don't ever want to lose the ability to print billions of dollars any time they please (which is like every day)..
They already realize that they can't just make the blockchain disappear.. So instead they are going to embrace it fully, and take over control of it, and create their own coins, which will be taxable (hell, they already tax you on bitcoin though)..
And eventually they will make it illegal to use any crypto-currency besides their own.. You won't even be able to use bitcoin, because it doesn't allow them the ability to print new money on demand..
Isn't freedom to use your own currency the reason why the american revolution started?..
Well, it might be that time again soon..
On a side note, you guys should seriously invest in digital currencies.. The rate of return is UNGODLY.. In normal investing, you would do well to make 10% in gains a YEAR (for example, putting your fiat currency in the S&P 500).. But with digital currencies, it is more like around 30% A MONTH.. That means if you put for example $1000 in to digital currencies, and wait a month, you would now have about $1300.. And if you keep it in there for about 2 years with out taking any out, you will be semi-rich.. I've only been investing in it for a few months and already made some mad money.. But DON'T put all your money in one coin; Diversify!.. You should probably be splitting your money in to at least 3 coins.. For example, maybe bitcoin, litecoin, and ethereum.. That way, even if one goes down for a while, you will still make a profit.. Disclaimer: For some unforseeable reason the whole digital currency market could collapse and you lose all of your money, so invest at your own risk..
Tancred ago
Seeing cryptocurrencies as investment is the reason for the bubble that Bitcoin had.
It is the reason for the volatility that makes it a bad currency.