Bitcoin
Bitcoin
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- shapesalad4
https://www.bbc.co.uk/news/uk-en…
A suspected Bitcoin "mining" operation illegally stealing electricity has been found by police who were searching for a cannabis farm.
Officers had been tipped off about the site on the Great Bridge Industrial Estate, Sandwell, and raided it on 18 May, West Midlands Police said.
Instead of cannabis plants they found a bank of about 100 computer units.
The force said the cryptocurrency "mine" had effectively stolen thousands of pounds of electricity.- The main point is that if they'd paid for the energy they'd used to generate the coin, they've lost half their money.
Bitcoin is disgusting.Nairn - Crypto Cartelsdbloc
- the whole cryptocurrency operation.. are reckless suckers ... nft dumbos tooneverscared
- maybe they were using the 'puters as a heat source for their as yet undiscovered cannabis farm.hans_glib
- Weed plants need light, not heat. Weed-growing lamps, even the LED ones, are hot as fuck.Nairn
- well, they need heat... eventuallykingsteven
- Cable mess********
- Is light inseparable from heat? (photons transmit heat)********
- You could try growing plants solely with infra red radiation, I guess. Won't work, but you can always try... .Nairn
- The main point is that if they'd paid for the energy they'd used to generate the coin, they've lost half their money.
- drgs0
I'm still intrigued by this Batman formation. What the hell is this thing?
35k -> 25k -> 45-50k?
Discuss
- I need your chaotic charcoal charts to come to a conclusion.NBQ00
- Not sure why people still view bitcoins short history as a good way to predict its future. It’s just not that established.monospaced
- shapesalad1
Some BTC updates from your man Adam Back... AKA Satoshi....
- shapesalad0
https://mobile.twitter.com/whale…
A dormant address containing 310 BTC (11,381,531 USD) has just been activated after 9.7 years (worth 1,894 USD in 2011)!
- shapesalad0
- He is constantly out of breath.
Makes me anxious listening to him.Hayzilla - reminds me of my head of 3D, same intensity and out of breathness..._me_
- Well we can’t all be as perfect as you two.shapesalad
- ^lol, true. when you can't attack the substance of the message, attack the messenger. petty.cherub
- Given Hayzilla at least is fairly pro-crypto and probably has some BTC holding, I think it says more about your interpretation of the intercourse here.Nairn
- And beyond the ridiculous hypotheticals he's playing around with here, he does sound out of breath and does look like low poly ~2015 era live cgiNairn
- I have ad-block on, so don't see any of the ~20 ads this guy apparently has on his vid here. If that's the case, I'm unsure BTC is his primary $ sourceNairn
- Overly-posing in photos is a warning sign.
The grab in the video here features a person I'd have no compunctions about repeatedly twatting with a large fish.Nairn
- He is constantly out of breath.
- shapesalad0
https://twitter.com/nayibbukele/…
El Salvador:
1. Great weather, world class surfing beaches, beach front properties for sale.
2. One of the few countries in the world with no property tax.
3. No capital gains tax for #Bitcoin, since it will be a legal currency.
4. Immediate permanent residence for crypto entrepreneurs.
- MS-13 loves crypto entrepreneursGuyFawkes
- They forgot the highest per capita homicide rateGnash
- ^^ 5.
^ 6.
LOLKrassy - Yeah, if you're dead you don't pay any taxes.Longcopylover
- #7 Redistribution of YOUR wealth at any timested
- if this passes, wowGuyFawkes
- I'll stick to Monaco or Cayman Islands, thanks.NBQ00
- that crytpo needs a dictatorship to fourish..no suprise there.neverscared
- NBQ001
- Life savings YOLO is ok. But leverage is what kills people. I'd love to know what his former google colleagues make of this guy....shapesalad
- This guy is a douchetrondlandvik
- neverscared0
- "Donald Trump calls Bitcoin 'a scam against the dollar'"grafician
- time to buyshapesalad
- time to cryneverscared
- drgs2
I opened a x5 long from 31300, let's have some fun
- SL triggered in 3 2 1 ...grafician
- 14hours later it's at 33500.uan
- 48hours later 38000. I think you can cash out now.uan
- Not untill 45k. I want more moneydrgs
- I learned from monospaced somewhere in this thread: take the win.
and reinvest some of it at 20x till 45K.uan - Blergh, sold at 39,5k on the way downdrgs
- neverscared2
IRS head asks for authority to regulate cryptos
Commissioner of the Internal Revenue Service (IRS) Charles Rettig called on Congress to grant the tax agency authority to regulate cryptocurrencies. Rettig made the comments on Tuesday while testifying before the Senate Finance Committee.
the crackdown is arriving.
- https://www.breaking…neverscared
- for those in the usa.shapesalad
- surprised it took this longKrassy
- Wonder what regulations they would impose. Do exchanges not provide 1099s end-of-year for capital gains?monospaced
- I checked, rates on crypto capital gains are 15% or as high as your regular income, depending on how long you hold it. IRS definitely gets theirs already.monospaced
- so...even the state considers this crypto thing to be real money.uan
- well, it's money when you buy/sell it with real money :) When you sell and money goes into your bank account, that's a gain, and the IRS sees it.monospaced
- It's a commodity, for sure, just like any "product" in that sense. Except it's trying to also be a currency. Interesting stuff.monospaced
- Pretty sure the real "threat" needing regulation is not bitcoin but stable coins - Tether and Coinbase printers go brrrrrr dailygrafician
- Unlike "real money," though, it's not insured by the fed. If it's lost/stolen, they don't really treat it like the same kind of crime, based on what I understanmonospaced
- at this point Tether is in the "scam" territory but a long bow, while Coinbase hadn't had an audit in a while while printing a lot of USDC by the hour...grafician
- so, regulation means cleaning the house on stablecoins, exchanges etc. then the value of crypto will drop like a fly shot with a shotgungrafician
- I don't know what you mean by "cleaning the house" though.monospaced
- Okay, so I researched more. The IRS does collect capital gains, but right now the exchanges aren't required to report the gains to the IRS!monospaced
- People are probably getting away with tax evasion right now. If it's regulated, all transactions will result in yearly tax forms for individuals, from the IRS.monospaced
- the SEC just needs to follow whale_alert https://twitter.com/… then drop the hammergrafician
- sorry mono, not in the mood tonight to have a long discussion, hope you get the idea..regulating crypto = regulating exchangesgrafician
- I mean crypto idiots still forget you can't buy lambo with crypto, you need to convert to USD and then Uncle Sam drops the hammergrafician
- yeah, I already said that, but right now the exchanges aren't automatically reporting large transactions to the IRSmonospaced
- I get they want to regulate exchanges, just trying to figure out exactly what regulations beyond reporting, if any. BTW, I happen to know a ton about tax shitmonospaced
- as I work at one of the Big 4 ;)monospaced
- Well do americans report the overseas exchanges accounts opened with vpns and disclose those proceeds? Look into that first lolgrafician
- there are almost 400 crypto exchanges and only 3-4 have US subsidiaries, good luck regulating thatgrafician
- then again you also had illegal gambling in Trump Tower and other stuff and nobody bothered so this thing with crypto must be that "FUD" shitgrafician
- propublica.org literally published article today about how the super wealthy dodge taxes so yeah idk mono, you tell us how regulation worksgrafician
- IRS can track income, and banks report transactions over $10K, so they do get some action. IRS just wants them to report, just like all financial entities mustmonospaced
- regulation is not the same thing as reporting
IRS goes after the little guys, SEC goes after the whales - and in crypto, only the whales and exchanges mattergrafician - I'm NOT telling you how it works, nor am I arguing. Not sure why you're interpreting it like that.monospaced
- And your arguemnt is just repeating what I already said. It's weird.monospaced
- this is why Elon gets into trouble with his tweets, not drgs for going long on BTC again 3 hours ago and might not disclose the gainsgrafician
- interesting ... what trouble did Elon get into? I totally missed that.monospaced
- Reporting is exactly what the IRS is asking for in regards to regulation, dude. That's what their official statement is on the matter. But I'm still reading.monospaced
- just because the IRS chef proposed this doesn't mean the IRS will regulate anything, again, reporting is different than regulation
we're not arguing, just sayingrafician - https://arstechnica.…grafician
- if it was only about reporting gains, crypto wouldn't drop, but regulating the market means exposing a lot of dirt and that makes crypto go downgrafician
- heck, it ain't any crypto market without market manipulation obviously - for ppl hating the system, they do love repeating the old system's mistakes lolgrafician
- oh above I said there are almost 400 exchanges, mostly tracked by coinmarketcap, but apparently there are over 8000 mostly un regulated...wild wild west indeedgrafician
- so I'm asking, once again, which regulation are you talking about beyond reporting?monospaced
- uhm from kyc to price manipulation and beyond?grafician
- then deal with stablecoins as those are basically printing money out of thin air - a thing only a central bank would allow in any regular monetary systemgrafician
- why are we having this conversation anyway mono? do you not get the implications or?grafician
- grafician0
brrrrrap!
- shapesalad0
- after the first 1m i would guess this is one of the videos with the comments what have the word "truth" "wake up" and way too many exclamation marks.sted
- i despise these videos with sensationalist, nondescript titles. Always way fucking longer than they need to be. 22 minutes??sarahfailin
- AQUTE0
here you get to see all the talks from the bitcoin conference
- zaq7
an interesting fact worth mentioning here, the very first Bitcoin conference kicked off from Ocrepes cafe ( one of the first physical locations that accepted Bitcoin, that also happened to be my project )
- drgs2
- I'll allow it.palimpsest
- it staysKrassy
- Better in this translation
https://www.biblegat…drgs - better this one https://www.biblegat…Salarrue
- kaffa23-2
- jonny_quest_lives-2
- Why does his taqiyah have a window for his forehead?Nairn
