Bitcoin can reach $22,000,000 per coin as it demonetizes the savings premiums of other asset classes

https://twitter.com/MitchellHODL/status/1587071647693127680?s=20&t=47gXk5IKqnckuIEc5Ahe4w

Submitted October 31, 2022 at 09:22PM by JoeB34 https://bit.ly/3TSlv5H

Edward Snowden refers to CSW as a "miserable corncob"

https://twitter.com/Snowden/status/1587107030044663809 via /r/Bitcoin https://bit.ly/3fpNMSc

Give kids sats not fiat treats. #forthekids

https://bit.ly/3U7m4rU

Submitted October 31, 2022 at 10:34PM by satsback https://bit.ly/3fg9mIQ

It just came from nowhere

https://bit.ly/3fhQc5l

Submitted October 31, 2022 at 10:14PM by _CypherIO https://bit.ly/3DkTD37

Give kids sats not fiat treats. #forthekids

https://bit.ly/3U7m4rU via /r/Bitcoin https://bit.ly/3fg9mIQ

Did Satoshi not pre mine his bitcoin?

Really I'm only asking because I was asked and didn't know how to answer other than "I don't think so."

Submitted October 31, 2022 at 02:48PM by mantits- https://bit.ly/3Nkthme

The U.S. Will Weaponize The Dollar By Backing It With Bitcoin

https://bit.ly/3U9gxB9

Submitted October 30, 2022 at 11:58PM by wheat4brick https://bit.ly/3fg5SpJ

For those suffering from inflation and seeing the price on wrenches rise - just print one, 100% infill add a couple washers for added internal weight and you can do it for a buck

https://bit.ly/3TSdfCK via /r/Bitcoin https://bit.ly/3TORJ1v

Bitcoin cannot be stopped.

You will hear it repeated many times, ‘The government is going to ban Bitcoin’ and/or ‘The government is going to shut it down’.

Today, I will explain why the government isn’t stopping shit.

Remember the Vietnam war? A lot of people think that the US lost because the Viet Cong build tunnels & hid underground; guerilla warfare. But they miss the larger point.

What they effectively did was decentralize their forces.

Cut off one head & another one emerges. Capturing & torturing a Viet Cong soldier was of no use. He had no significant strategic secrets to share and couldn’t tell you where all the tunnels were located; because these Viet Cong groups fought largely independent of each other & carried out their own tactics. They just shared a common goal: beat the anti-communists.

The decision to go underground wasn’t something they had trained for, nor planned for decades. It was improvisation; a decision born out of the necessity to fight differently when facing an opponent superior in brute force.

Bitcoin did not adopt the dark. It was born in it, molded by it.

It has been preparing since day 1 for the war that is coming when it steps out into the light. We are not there yet. When we are, you will know.

Governments are great at ‘smashing things’ with their hammer. They can smash people, organizations, even other countries if their hammer is big enough.

But you can’t smash an idea. An idea that represents itself in the form of a decentralized network that diligently keeps a ledger. Bitcoin exists in the realm of ideas, it is not technology, although it arises from technology.

It is not a person nor an organization or a particular nationality or race, although it contains all of these. It is an idea, and the great thing about an idea is that it can be shared by all of us.

If you know the US had a hard time beating the Viet Cong, imagine them trying to beat an idea that is shared by a student, a young father, a single mother, a professor, a CEO and a retiree; in total millions of people all around the world.

Independent thinking people, all with their own spheres of influence, using a network build with the intention of withstanding a nation state level attack.

We overestimate how powerful the government is against the type of non-violent, decentralized warfare we are waging. That's why they haven't made a big move yet: they don't know what to do. They will try to come for us when they realize just how existential the threat is to the current system & status quo, but they won’t be able to identify a spot where they can hit us with a killing blow.

They can hurt us, but they can’t win.

Stack sats, spend sats & educate your neighbor. Peace.

Submitted October 30, 2022 at 04:15PM by HugoJP https://bit.ly/3zoQe23

Electricity price going up pretty much worldwide, some bitcoin mining companies are going bankrupt, why is the hash rate making new highs ?

No text found

Submitted October 30, 2022 at 10:46PM by Significant_You_2173 https://bit.ly/3NhwnaR

Was talking to my dogs about bitcoin

https://bit.ly/3sHjMUL via /r/Bitcoin https://bit.ly/3ztFEqi

Lugano absolutely crushed it this year! ⚡️🔥

https://bit.ly/3SQloWI

Submitted October 30, 2022 at 11:40PM by satsback https://bit.ly/3sHfv3w

The U.S. Will Weaponize The Dollar By Backing It With Bitcoin

https://bit.ly/3U9gxB9 via /r/Bitcoin https://bit.ly/3fg5SpJ

Lugano absolutely crushed it this year! ⚡️🔥

https://bit.ly/3SQloWI via /r/Bitcoin https://bit.ly/3sHfv3w

Life choices.

https://bit.ly/3gVocEK via /r/Bitcoin https://bit.ly/3NgCn3y

Thoughts…

https://bit.ly/3NhZmLs

Submitted October 29, 2022 at 07:08PM by Born-Pleb https://bit.ly/3fgD4gJ

Make It Easier To Seize Bitcoin (Biden AG)

https://www.youtube.com/watch?v=-rAJYKSrq_U

Submitted October 29, 2022 at 01:48PM by bitcorner22 https://bit.ly/3TQWoA2

Hong Kong wants to legalize cryptocurrency trading next March

https://bit.ly/3UbslD9

Submitted October 29, 2022 at 09:25PM by AmerBekic https://bit.ly/3SWzypG

Watch the death of PayPal in realtime.

Here is a portal to the wonderful holiday party of PayPal's suicide. All around good news for Bitcoin though :⁠-⁠)https://bit.ly/3gWuaFG via /r/Bitcoin https://bit.ly/3Fq3hUI

Thoughts…

https://bit.ly/3NhZmLs via /r/Bitcoin https://bit.ly/3fgD4gJ

How long has Munger been wrong about Bitcoin?

https://bit.ly/3DloSee

Submitted October 28, 2022 at 06:42PM by StrivingPlusThriving https://bit.ly/3Wabp1r

Which ne are you?

https://bit.ly/3WcUL1j via /r/Bitcoin https://bit.ly/3gUvkkX

A Bitcoin mosaic I made, exhibited at PlanB in Lugano

https://bit.ly/3U3WtA5

Submitted October 28, 2022 at 05:05PM by UIIOIIU https://bit.ly/3U3vdBH

Faketoshi contradicting Satoshi again, with a beautiful setup by @thom_bernhard

https://bit.ly/3U2qFw9

Submitted October 28, 2022 at 10:48PM by nullc https://bit.ly/3FmGoS5

First McDonald’s in El Salvador. Now McDonald’s in Lugano. Which McD’s will we bring #Bitcoin to next Paolo Ardoino? 🇸🇻🇨🇭🍊🍔 - Samson Mow

https://bit.ly/3fdU3QN

Submitted October 28, 2022 at 08:57PM by Jem_colley https://bit.ly/3DErIfS

Japan to okay $490 billion in stimulus to cushion impact of inflation

https://bit.ly/3TOxSzx via /r/Bitcoin https://bit.ly/3sGVDxE

Faketoshi contradicting Satoshi again, with a beautiful setup by @thom_bernhard

https://bit.ly/3U2qFw9 via /r/Bitcoin https://bit.ly/3FmGoS5

Lugano Plan ₿ Forum is going to be lit ⚡️ Who's here?

https://bit.ly/3zn5KeM via /r/Bitcoin https://bit.ly/3gNSdGJ

Starting bank won’t allow you to buy crypto anymore fuck this bank and fuck all the banks I’m going 100% in bitcoin #scums

https://bit.ly/3TLUyAw

Submitted October 27, 2022 at 11:57PM by ReTrOVoiiD https://bit.ly/3TVdH2Q

"I’m Buying @BITCOIN Right Now" | Says President Obama's Deputy Chief of Staff Jim Messina |10/26/22

https://bit.ly/3WlvJ0b via /r/Bitcoin https://bit.ly/3znLslr

1.6 billion $ worth of Bitcoins transferred with a $0.70 fee

https://bit.ly/3U48Xbc

Submitted October 27, 2022 at 05:33PM by Satoshi_Club https://bit.ly/3Dg22ob

Starting bank won’t allow you to buy crypto anymore fuck this bank and fuck all the banks I’m going 100% in bitcoin #scums

https://bit.ly/3TLUyAw via /r/Bitcoin https://bit.ly/3TVdH2Q

Wish me luck. Hopefully my brain does not explode.

https://bit.ly/3DBWupt

Submitted October 27, 2022 at 09:12PM by Leading-Fail-7263 https://bit.ly/3Fmz2xK

Not your keys, not your coin.

Buried deep in a 61-page recent report by the U.S. Attorney General, the Biden Administration called for a dramatic expansion in the federal government’s ability to seize and keep cryptocurrency. If enacted, the proposed changes would bolster both criminal forfeiture, which requires a conviction to permanently confiscate property, as well as civil forfeiture, which doesn’t require a conviction or even criminal charges to be filed.

https://archive.ph/tIR0i

Submitted October 26, 2022 at 06:43PM by HappyGoLacky https://bit.ly/3SxVUO1

Inflation is here to stay, as governments are completely bypassing central banks and kick a completely new form of money printer into action by issuing state guarantees on bank credit

https://bit.ly/3TfkJ2f

Submitted October 26, 2022 at 06:49PM by Ima_Wreckyou https://bit.ly/3DbOR83

Bitcoin button on the cardboard recycling dumpster at work

https://bit.ly/3DaihTS via /r/Bitcoin https://bit.ly/3WgUyu6

destroying bitcoin

Given all the bitcoin network stands at 14k nodes, and they are all open locations, is it possible that governments could band together and cooperatively find and destroy all the nodes on the network,and therefore destroy bitcoin?Practicalities aside that is... I'm asking in terms of how this kind of event could mitigated against. via /r/Bitcoin https://bit.ly/3szOm2I

Bitcoin can now be sent and received on Cash App!

https://bit.ly/3TGbWXc

Submitted October 26, 2022 at 11:00PM by Worgence https://bit.ly/3fb3LTY

Monkey Wrench

https://bit.ly/3TZKmUJ via /r/Bitcoin https://bit.ly/3Txzu0x

Do you keep all of your net worth in BTC? (excluding house and including retirement)

What are your reasons for your allocation?

Submitted October 26, 2022 at 10:17AM by Jigglepuff07991 https://bit.ly/3zibXZA

Cash App Users in the US Can Now Recieve Bitcoin Through Lightning Network

https://bit.ly/3z9MvoH

Submitted October 25, 2022 at 10:42PM by ledonskim754 https://bit.ly/3zdRIfx

Which Bitcoin Lightning project currently in development are you the most excited about?

The question is in the title. via /r/Bitcoin https://bit.ly/3W5UBIT

The Madeira Bitcoin adoption experiment takes flight

https://bit.ly/3CZdIf6 via /r/Bitcoin https://bit.ly/3Dtu5SD

Willing to invest just $100 in crypto to be kept in cold wallet for my 1 year old daughter until she turns 18. Any recommendations?

No text found via /r/Bitcoin https://bit.ly/3Sz0203

Morgan Stanley: Bitcoin Lightning Network better than Debit Cards for payments | Binance News

BTC > Visa

Banking CEOs are not even denying facts no more.

Success is inevitable, the sheer disruptive power of Bitcoin energy is unavoidable.

Share it with mouth breathers from Buttcoin community, their futile ignorance is funny and they enjoy being proven wrong over and over (I am banned there).

Submitted October 25, 2022 at 09:26PM by DigitalMarine https://bit.ly/3sqXvdR

That's how most people will adopt Bitcoin

https://bit.ly/3spja6f

Submitted October 25, 2022 at 03:15PM by GenghisBanned https://bit.ly/3D6LCyE

Cash App Users in the US Can Now Recieve Bitcoin Through Lightning Network

https://bit.ly/3z9MvoH via /r/Bitcoin https://bit.ly/3zdRIfx

Morgan Stanley: Bitcoin Lightning Network better than Debit Cards for payments | Binance News

BTC > VisaBanking CEOs are not even denying facts no more.Success is inevitable, the sheer disruptive power of Bitcoin energy is unavoidable.Share it with mouth breathers from Buttcoin community, their futile ignorance is funny and they enjoy being proven wrong over and over (I am banned there). via /r/Bitcoin https://bit.ly/3sqXvdR

if I'm an 18 year old and have $5k in savings, is BTC a good place to start making an account of money for my future?

Rather than having an ISA, would it be smart to put money into BTC? I feel firm it won't fall to 0, and has potential to beat the fiat currency into the future. I am not being dumb, right?....

Submitted October 24, 2022 at 06:41PM by Acrobatic-Motor-857 https://bit.ly/3VPf4Sa

Bitcoin Mining setups you've never heard of - drying seaweed, Kenyan hydro dams, cooking oil and more!

https://bit.ly/3sqlVUL via /r/Bitcoin https://bit.ly/3Da0s7E

Blockchain .com are thieves

Hi fellow BTCers,

Having issues with BLOCKCHAIN .COM, I am aware that this is a common theme in the realm of things - as it seems that they simply do not care.

1. 2 transactions equating to approx. $800 total.
2. Reset my trading wallet with seed phrase.
3. Tried to send crypto out of my account.
4. They froze the account functionality (message - account restricted).
5. Customer service have stopped responding and have not given any explanation for over 3 months.

Is there anything I can do ?

Worst experience I've ever had in the history of crypto for years.

I DO NOT KEEP MONEY on exchanges - I SIMPLY MADE a transaction on there, and they just took my money in broad daylight...

Submitted October 24, 2022 at 03:28AM by Potential_Level9665 https://bit.ly/3SvWMT0

if I'm an 18 year old and have $5k in savings, is BTC a good place to start making an account of money for my future?

Rather than having an ISA, would it be smart to put money into BTC? I feel firm it won't fall to 0, and has potential to beat the fiat currency into the future. I am not being dumb, right?.... via /r/Bitcoin https://bit.ly/3VPf4Sa

People still think that inflation is caused mostly by energy prices not irresponsible central banks. We are still early.

Energy prices aren't that much higher than in 2008

https://fred.stlouisfed.org/series/PNRGINDEXM

Unlike in 2008 Inflation is completely out of control.

The most important cause is still ignored or even denied.

USD money supply was expanded by 40% in 2020 and 30% in the EU. This has never happened before in recent history. This is an expansion that is unheard of in first world countries.

https://tradingeconomics.com/united-states/money-supply-m2

https://tradingeconomics.com/euro-area/money-supply-m2

Not surprisingly an excess of money will drive prices up. Too much money chasing too few goods.

This is a much bigger factor than supply chains or higher energy costs.

One can clearly see how the CPI went up and up with the expansion of the money supply. It takes a while to show up in prices.

https://fred.stlouisfed.org/series/CPIAUCSL

I think it will take a while for the public to accept how much of an negative effect central bank policies have on their life and how much of it could have been avoided if people in charge had been more responsible.

Keep in mind these are the same experts that told us:

1. there is no inflation.
2. Inflation is transitory.
3. We can manage a soft landing.
4. There is no recession.

​

https://preview.redd.it/qcfrvc668qv91.png?width=754&format=png&auto=webp&s=d5f45787b20db22a7a9eda60872c7d7b6b7e8c3e

https://www.wsj.com/articles/powell-printing-money-supply-m2-raises-prices-level-inflation-demand-prediction-wage-stagnation-stagflation-federal-reserve-monetary-policy-11645630424

Submitted October 24, 2022 at 05:44PM by bitcorner22 https://bit.ly/3sp49Bi

I’m in St Louis for work and was taking a stroll this morning…look what I found

https://bit.ly/3sp04gp via /r/Bitcoin https://bit.ly/3TUNr8J

Ookay..

https://bit.ly/3VQX7CO

Submitted October 24, 2022 at 01:19AM by rcknfrewld https://bit.ly/3eUObfc

Bitcoin Cat Thief spotted in underground ad

https://bit.ly/3gyQFAi

Submitted October 23, 2022 at 09:41PM by coinminingrig https://bit.ly/3DqUb8Y

This is Why we all need Bitcoin!

https://bit.ly/3VRqN2L

Submitted October 24, 2022 at 12:46AM by Crypto-hercules https://bit.ly/3W6AScn

Ookay..

https://bit.ly/3VQX7CO via /r/Bitcoin https://bit.ly/3eUObfc

This is Why we all need Bitcoin!

https://bit.ly/3VRqN2L via /r/Bitcoin https://bit.ly/3W6AScn

I found a good reason to hold bitcoin - I just traveled abroad from a country with a weak currency. Couldn't exchange it at the airport when I arrived.

Title.

I'm pretty sure that if I had USD, I could've gotten that currency exchanged to the local currency of the country where I am vacationing now. However, I like having bitcoin just because it's more liquid and once you have a bank account set up, you can just cash it out and get it sent to your bank account.

Submitted October 23, 2022 at 05:40PM by brosven7 https://bit.ly/3z6jWsz

Bitcoin is designed for separation of money and state

Just like before w/ separation of church and state. We now have merger of corporation and state. The only way to break free is through UNREGULATED Bitcoin. Don't be so short sighted. Lowered interest rates and regulation will make you fiat. Is that why you're in this? B/c that fiat will eventually turn to fucking dust whilst you're at the mercy of entities that tell you when and how you can spend your precious CBDC's. Unregulated Bitcoin will SMASH the corrupt system to the point where there will be no need to return to fiat. via /r/Bitcoin https://bit.ly/3snrxiI

The Nakamoto Coefficient Is a Way to Quantify the Decentralization of a Blockchain. Bitcoin Blows Everything Else Out of the Water. It's Not Even Close!

Here is a tweet that discusses the idea:

https://preview.redd.it/6rcfs4m3ofv91.png?width=740&format=png&auto=webp&s=63ca747a499a71d385a6cacbfff11e9a96435770

Here is a link to an older blog post that does a deep dive into this:

https://preview.redd.it/hzxrcvtjofv91.png?width=781&format=png&auto=webp&s=40c0f7029a114d1a4c868ea139041d1d29d83e89

Here is a graph from a recent Invest Answers podcast. Bitcoin's # is (conservatively): 7,349. The next highest Nakamoto Coefficient on this list is 34 from a crypto that shall remain nameless. Some of the others are as low as 3! The gulf between Bitcoin and everything else is as wide as the Pacific Ocean.

https://preview.redd.it/feh1lcu0ofv91.png?width=2732&format=png&auto=webp&s=9c9609df8e5511accbcb6a185491738962a9ed6c

Why does this matter? Anyone who uses Bitcoin has far greater assurances that the chain is secure and resistant to the actions of hostile parties. The other chains? Not so much...

Edit: Here is how it is calculated for those mathematically inclined:

​

https://preview.redd.it/gwg89iurwfv91.png?width=850&format=png&auto=webp&s=b171aec62e1030968531623d5c678983261d26f1

Submitted October 23, 2022 at 06:35AM by escodelrio https://bit.ly/3TP8dXi

Bitcoin Cat Thief spotted in underground ad

https://bit.ly/3gyQFAi via /r/Bitcoin https://bit.ly/3DqUb8Y

Fiat in serious trouble...

https://bit.ly/3spC78x

Submitted October 22, 2022 at 10:55PM by Infamous_Sympathy_91 https://bit.ly/3sCr7Fj

Bitcoin powered heating for 40-room hotel in Europe

https://bit.ly/3VKJ2qB via /r/Bitcoin https://bit.ly/3TsHJem

What is really happening

https://bit.ly/3TGo8aN

Submitted October 22, 2022 at 11:21PM by G4rp https://bit.ly/3shjWSA

United States: a new rule could encourage companies to buy Bitcoin (BTC)

https://bit.ly/3sh6YV1 via /r/Bitcoin https://bit.ly/3VSK3Nm

GBP tanks and UK PM resigns after 45 days

https://bit.ly/3Sr4qhN via /r/Bitcoin https://bit.ly/3SyGvNu

Everyone who ever held their bitcoins for 5 years or more had their bitcoins appreciate in value.

Do you think this will be different for the next five years? Why?

Submitted October 22, 2022 at 08:28PM by Leading-Fail-7263 https://bit.ly/3eS8I3X

What is really happening

https://bit.ly/3TGo8aN via /r/Bitcoin https://bit.ly/3shjWSA

Cant wait for these headlines about the USD

https://bit.ly/3TZDrLt via /r/Bitcoin https://bit.ly/3Diu4AJ

Jason Lowery, the guy from the US Space Force/MIT makes great points about the importance of Bitcoin for National Security/National Defense.

More people should follow this guy

https://twitter.com/JasonPLowery?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

His explanations about Bitcoin relevance are genius

Check these interviews:

https://www.youtube.com/watch?v=wRxc7uUqAyE

https://www.youtube.com/watch?v=Amcj-IKmGKA

https://www.youtube.com/watch?v=S_E7QXB8zvQ

All cyber security incidents are derived from software control signals that weren't sufficiently constrained. Adopt a protocol where control signals must be collateralized by #BTC and then suddenly you have a way to physically constrain control signals. This is a big deal.

Imagine if it cost 1 sat to send a tweet. To you it would be inconsequential. To a state-sponsored bot farm it would be too cost prohibitive to run a bot/spam farm. Imagine if all programs did this. Goodbye DDoS attacks

People just have no idea how much of a big deal this is. Once we start getting APIs that leverage #BTC lightning network micropayments, it's going to transform cyber security AND national security.

Sats represent a receipt received for spending computational power. If you present a sat, you present proof of power. It doesn't matter if that power was sourced from a hash farm on other side of the world, sats = real world physical power receipts = cyber power.

It should be obvious to people why transferrable cyber power (proof of real world physical power) is a BIG DEAL for security. Gives people the ability to physically constrain the abstract power and control authority of people & software in, from, and through cyberspace.

Consider the idea that #BTC represents not just money, but also cyber firepower. That would imply its value is derived from the amount of physical power (watts) it channels into cyberspace for people to use to secure what they value.

Submitted October 21, 2022 at 10:29PM by simplelifestyle https://bit.ly/3Dg1ZKy

Jack Mallers: "Strike is free with no fees" Reality: "Strike charges 1% fees".

Jack Mallers has boasted that Strike Payments are "free".
At the Bitcoin conference, he tries to make a point that, even though the VISA user does not pay any fees, the merchant pays up to 3% of card network fees. $100 sent is $97 received by the merchant with VISA/MC/Amex

But when he presents the Strike option, he makes it look like $100 sent is $100 received, but this is in fact not true, since Strike charges the merchant 1% in fees (all according to Strike's own support when pressed on the subject).

Fine Strike might be a better solution overall (I don't know?), but the point is that Mallers is very dishonest in his argumentation for Strike, is he not?

Have I missed something vital here?

Submitted October 21, 2022 at 10:13PM by Entropista https://bit.ly/3eUEtJt

Bloomberg Analyst: Bitcoin will restore its "store of value" status and may "gain upper hand" over the S&P 500

https://bit.ly/3CQF1bh

Submitted October 21, 2022 at 06:24PM by rollingincrypto https://bit.ly/3sfyaDq

Fiat has robbed countless generations of human flourishing and prosperity. Bitcoin is our only hope

​https://bit.ly/3TMaiTT via /r/Bitcoin https://bit.ly/3TEI0KO

Found proof that fiat is dead.

https://bit.ly/3CVjhv6

Submitted October 21, 2022 at 10:39PM by GoCubeYourself https://bit.ly/3CVYl7d

Found proof that fiat is dead.

https://bit.ly/3CVjhv6 via /r/Bitcoin https://bit.ly/3CVYl7d

The system's broken, the money's a lie... Bitcoin waits for you

https://bit.ly/3s9FRv3

Submitted October 21, 2022 at 01:15AM by KAX1107 https://bit.ly/3VN2AdK

In honor of HOLDONAUT!!!!

https://bit.ly/3F4EOnT via /r/Bitcoin https://bit.ly/3EZoGE4

opt out buy bitcoin

https://bit.ly/3Tzxy7X

Submitted October 21, 2022 at 01:16AM by financialconspirator https://bit.ly/3sbeOPN

This just in supply and demand 🤯

https://bit.ly/3CTHB06

Submitted October 21, 2022 at 01:21AM by financialconspirator https://bit.ly/3Sl7Hiz

This just in supply and demand 🤯

https://bit.ly/3CTHB06 via /r/Bitcoin https://bit.ly/3Sl7Hiz

Bitcoin is like a virus

Even if the government is against Bitcoin. The government is just people and people will do anything to conserve their wealth.

Submitted October 20, 2022 at 01:06PM by Sion_6EQUJ5 https://bit.ly/3TB5aSl

opt out buy bitcoin

https://bit.ly/3Tzxy7X via /r/Bitcoin https://bit.ly/3sbeOPN

I took a job 1200 miles from home and now I repair Bitcoin machines. AMA

I took a job 1200 miles from home. AMA

Let me put the setting down. I'm 25 M. Lives in central Ohio. Huge nerd when it comes to anything technology based. I have a family of 2 kids and one loving fiancee.

So. It's July. Money's running tight. I can no longer be a stay at home dad so I get a job working at a hotel chain. My job was to fold towels and get the House keeping carts stocked for the next day. Super lame. Didn't pay much it and was 3rd shift so I never was able to see my family. Few months go by. One night I take a poop and sit down open reddit like we all do. I start scrolling. 10 mins go by. I'm about done and I see this post on r/Bitcoinmining "now hiring in FWD area." (Fort worth Dallas I had to Google it). They where in need of some one to work on machines and help get caught up on tickets. It's 16 hours from my house. For shits and giggle not expecting it to actually hit.i out my self out there.

"Mining since 2012, fixing machines since 2015 managed my own mine with over 150 machines. I'm willing to make the drive to work this job." I press send and continue about my shift and forgot I even sent it.

I get home about 8am and a message comes into my DMs something along the lines "hey I'm Chris. Owner of Mining Syndicate." We chat for a bit. I tell him I would walk out of my job right now if I had the gas money to get down there right now and prove my self. The world stopped for a moment in my life with the next reply being "what's your Venmo?"

I gave him the information and he sends me 200$ with the reply. See you soon. I kinda lost it for a bit. I called my mom my grandma my GF was extremely excited I called my discord friends screaming. I was so excited and seriously couldn't contain my self. Now. I will make a note. Almost everyone I knew was telling me, they are gonna harvest your organs or kidnap you. I said good point. Let me roll on it. (When I can't decide something I roll a D20)

Well my dice hate me so I rolled 3 of them.

If it's high. I go.

If it's low. I return the money and keep the hotel job.

17, 9, 19

I sat there with a smile on my face for like 10 mins looking at these dice. Son of a bitch. I'm going. I called my boss. I said I unfortunately can't continue working here. I grabbed my Gaming PC my GF packed my suitcase. And left that next morning.

1 stop at an old friends house in AR and I was in Texas at 7am the next morning. 2 hours of sleep in the car. I roll up and get out of the car. I walk in the building and I'm nervous. I left my firearm in the car. Am I going to get my kidney yoinked? Then Chris walks out from his office and he introduces himself. Boom. Kidneys secure.

A few hours pass by we are interviewing. Getting into buckets of information left and right. Very unconventional compared to other companies interviewing. But I dig it.

I'm now in my 3 day trial. I start fixing machines left and right getting stuff on track. I'm feeling the old energy pumping things are clicking. Time passes

6 hours into my trial. I am hired on the spot. I'm flabbergasted. I seriously tried so hard not to tear up. The job of a life time is now mine. We discuss pay the next day. I won't get into actual dollar amounts. But he immediately offers paid travel, an onsite RV, wear and tear on the car and a bit more from what I was making at the hotel. I have been working here for now 2-3 months and every day is a joy to get out of bed. I absolutely love this job and this company.

My first week I got my first compliment from a big client. I was stunned. "nice hire Chris"

So. It's 3 weeks in Dallas. And 1 week home with the family. Both ways paid for. Is that hard. Yes. I miss my family terribly. But they understand this is the job I have been waiting for and I can't thank them enough for letting me do it.

This is my story. I wrote it at 1am. So I might add some more details In the morning. Ask me anything.

Edit: grammar

Submitted October 20, 2022 at 09:43PM by MaiRufu https://bit.ly/3SqQF2E

Hodlonaut Wins Norwegian Lawsuit Against Self-Styled 'Satoshi' Craig Wright

https://bit.ly/3eQ4idW

Submitted October 20, 2022 at 09:46PM by ShotBot https://bit.ly/3eODYRk

Impervious Launches Their P2P Lightning-Enabled Internet Browser

https://bit.ly/3CJYoTv via /r/Bitcoin https://bit.ly/3MN3nao

When Whiteboard Economics Collides With Reality (why PoW is better than PoS)

https://bit.ly/3yTFHvv via /r/Bitcoin https://bit.ly/3s6PKcK

do as i say not as i do

https://bit.ly/3eIGBUC via /r/Bitcoin https://bit.ly/3DbniN4

UK taxpayers forced to bail out the Bank of England after losing £11 Billion

https://bloom.bg/3EVMWHg

Submitted October 20, 2022 at 01:36AM by bitsteiner https://bit.ly/3glyq18

Two people having a random conversation about a not much used currency called Bitcoin, 8 years ago

https://bit.ly/3ThvsZW

Submitted October 19, 2022 at 09:19PM by Cohvir https://bit.ly/3ySLjpG

UK taxpayers forced to bail out the Bank of England after losing £11 Billion

https://bloom.bg/3EVMWHg via /r/Bitcoin https://bit.ly/3glyq18

The time it took for Bitcoin to achieve $1T versus some tech giants

https://bit.ly/3TC8rk7

Submitted October 19, 2022 at 08:55PM by TetraCGT https://bit.ly/3eMaaon

This is getting more boring than that time we spent a year bouncing on 9k…

https://bit.ly/3seJpMh via /r/Bitcoin https://bit.ly/3DaW5u9

Truth

https://bit.ly/3eEvk7X via /r/Bitcoin https://bit.ly/3EZDt1g

Bullish

https://bit.ly/3yP8Yr9

Submitted October 18, 2022 at 11:56PM by financialconspirator https://bit.ly/3s4Oyql

Why HODLing Bitcoin Is the best strategy, but also the hardest one.

Since Bitcoin's price volatility is a feature, not a bug, many feel that it would be beneficial to take advantage of it.

After all, why not try selling at the top, then buying back after a correction? Why not do this over and over again to make more and more money?

This approach comes with several problems:

• Why sell something you think has a positive long-term future to prepare for a decline you think is temporary?
• By doing so, you introduce the additional risk of being wrong (when there are already so many), since the decline may not happen.
• Selling to try to time the market gives you two ways to be wrong: the decline may not happen, and if it does, you'll still have to decide when to buy back in. Not easy.
• You may even have a third way to go wrong. Once you sell your asset, what are you going to do with the money until the dip happens and you consider it time to get back into the market?
• Sellers who have been right always having a hard time choosing the right time to re-enter the market, which can cause them to wait until lower and never take a position again.
• Finally, how will you handle the case where you are wrong and there is no dip? Will you be able to accept this psychologically by overcoming your regrets and taking higher positions?

It is therefore generally not a good idea to sell in an attempt to time the market. Opportunities to do so are rare, and very few people have the skills to take advantage of these opportunities.

It is not in your best interest to get into a game where you are up against traders who are much more skilled than you are.

Your best interest is to apply the best strategy, which is also the easiest one: Buy, HODL, Repeat and Be Patient.

Submitted October 18, 2022 at 07:31PM by sylsau https://bit.ly/3D7uvxM

Bullish

https://bit.ly/3yP8Yr9 via /r/Bitcoin https://bit.ly/3s4Oyql

Mastercard is Bringing Cryptocurrency Trading to Banks

https://bit.ly/3ggnRwa

Submitted October 18, 2022 at 12:46AM by simplelifestyle https://bit.ly/3T4fRgl

We are still really really early

https://bit.ly/3D8xpCg

Submitted October 18, 2022 at 03:54AM by CryptoMemesLOL https://bit.ly/3yP1sfV

[TRAILER]Chaumian eCash in Bitcoin - Cashu & Fedimint - Adam Gibson aka waxwing

https://bit.ly/3D8UHs2 via /r/Bitcoin https://bit.ly/3ggyeQO

Paying via Bitcoin Lightning ⚡

https://bit.ly/3D3F8Sc

Submitted October 18, 2022 at 12:02AM by coincorner https://bit.ly/3S7iWuW

Paying via Bitcoin Lightning ⚡

https://bit.ly/3D3F8Sc via /r/Bitcoin https://bit.ly/3S7iWuW

The War on Bitcoin Privacy Intensifies. Automatic Reporting of ALL Trades and Transactions Soon Mandatory. Shocking New Rules from the OECD. [Due Diligence]

The WAR on Bitcoin Privacy Intensifies. Automatic Reporting of ALL Trades and Transactions Soon Mandatory.Massive overreach of international regulators to force all service providers in the industry to:​Record ALL crypto trades on exchanges, DEFI and DEXs;Record (large) purchases from private wallets;Record all transfers to cold storage and make lists with private wallet addresses;Send all this info annually to the (tax) authorities;And finally, the G20 forces governments to pass these rules into domestic law.The war on privacy continues. The aim: to tackle anonymous spending and exchanging of crypto. As you’ll discover, these new regulations force upon us a system of complete surveillance and control.This report explains exactly what to expect from the latest developments launched in October 2022…​Disclaimer: Given that this post is based on new international standards that have not yet been implemented in national legislation, and US proposed legislation, non of this information can be considered legal or financial advice.​What is Going On?​Last year, the crypto world was shaken to its core when the Financial Action Task Force (FATF), acting in behalf of the G20, released their guidance on virtual assets.1)This document laid out a set of rules regarding stablecoins, distinctions between private and hosted wallets, extensive KYC requirements, the tackling of privacy tools, and more.2) FATF has also provided a final definition of the type of service provider tasked with reporting on crypto: the Virtual Asset Service Provider, or VASP.Fast forward to today, and these rules are quickly being implemented across the world.3) But as usual, it didn’t stop there. Another international regulator, the OECD, is already building on this framework in an attempt to massively increase the grip of authorities on what happens in the industry. ​What is the OECD?The Organisation for Economic Co-operation and Development (OECD) is a Paris-based international organisation that works to “build better policies for better lives.” Its goal is to shape policies that foster prosperity, equality, opportunity and well-being for all.4)Together with governments, policy makers and citizens, the OECD works on finding solutions to a range of social, economic and environmental challenges. From improving economic performance and creating jobs, to fostering strong education and fighting international tax evasion. The organisation provides a unique forum and knowledge hub within which to discuss and develop public policies and international standard setting.5)This “international standard” setting is what we will look at next.Automated Exchange of Financial Information with Authorities Since 2014In 2014, the OECD published the Standard for Automatic Exchange of Financial Account Information in Tax Matters.6) This publication created a “Common Reporting Standard” (CRS), which forces financial institutions to automatically exchange account information with the authorities of the country of residence of their account holders. The goal: to prevent persons from holding financial accounts in offshore jurisdictions and not reporting them back home.This is why all financial service providers request utility bills: they prove where you live, and hence where they have to report to.All financial institutions that are currently subjected to these regulations are forced to automatically report to the authorities the name, address, Tax Identification Number(s), date and place of birth, the account number, and the account value as of the end of the relevant calendar year (or other appropriate reporting period).7)Now, there is no more hiding of accounts held with a foreign financial institutions. The authorities enlisted all financial institutions as involuntary (but powerful) assistants in collecting facts and evidence needed for tax compliance.The Panama Papers; Just in Time to Boost Worldwide Implementation of Automated Reporting…After publishing their standards in 2014, the OECD needed to get countries and their financial institutions in line. By August 2015, the OECD had released the first version of a CRS Implementation Handbook.8) It provided practical guidance to assist government officials and financial institutions in implementing CRS.But while the standards set by the OECD came into force in 2016 in early-adopting states, by March of 2016 these standards were still far from being fully integrated into the global financial system.9) This was especially true in the offshore jurisdictions that were the main target.What was needed was a shift in conscience…On April 3rd, 2016, the International Consortium of Investigative Journalists published a giant leak of offshore financial records, better known as the Panama Papers.10) These revelations caused public outrage.The G5, the five largest Western European countries, were quick to jump on the bandwagon and call for more international cooperation to tackle “tax dodging and illicit finance.”11) The message did not fall on deaf ears; the next day, on April 15th, G20 Finance Ministers and Central Bank Governors met in Washington and issued the following Communiqué:“…we call on all relevant countries including all financial centers and jurisdictions*, which have not committed to implement the standard on* automatic exchange of information by 2017 or 2018 to do so without delay and to sign the Multilateral Convention. We expect that by the 2017 G20 Summit all countries and jurisdictions will upgrade their Global Forum rating to a satisfactory level. We mandate the OECD working with G20 countries to establish objective criteria by our July meeting to identify non-cooperative jurisdictions with respect to tax transparency. Defensive measures will be considered by G20 members against non-cooperative jurisdictions if progress as assessed by the Global Forum is not made.”12)Thus, within 12 days of the publication of the Panama Papers, the world’s 20 most powerful governments had collectively agreed to start pushing CRS reporting requirements aggressively, and to punish non-cooperative (offshore) jurisdictions—regardless of their local laws.This is how offshore finance was brought into the fold, and financial privacy died.Why Can the OECD Regulate Financial Institutions Around the World? Isn’t this a Task of Democracy?The OECD isn’t a government agency of any individual country. As such, it cannot create law. It issues what is known as “soft laws,” or “recommendations” and “guidance.” Only when this guidance is transposed into the laws of individual countries does it becomes “hard” law, with real world power.In theory, this process is subjected to the formal (democratic) law-making processes of the implementing countries. However, countries that don’t participate face restricted access to the financial system and ostracism from the international community. For this reason, almost all nations are compelled to implement these recommendations.It must also be said that national governments, especially in the Western world, highly value this kind of international cooperation, and the control it gives them without the need to deal with the “inconveniences” of democracy. They simply hide behind the fact that these are “international standards” which they have to follow because “everybody” does.Neither does it help that few of our representatives, journalists and fellow citizens seem to understand the impact of these treaties. Those in the legal industry who do understand the implications just look at it as “business as usual” and a new way to generate income. As such, most standards are passed into domestic law with little opposition or delay.International Standards Aim to Supersede National LawOnce these treaties are accepted, they become part of a body of law called “international law,” which in many cases supersedes national laws. Unknown to the general public, international law is increasingly being used as a backdoor for passing invasive regulations such as those we are discussing here, and establishing a global bureaucracy with real power over our (financial) lives.It is also worth noting that the people working for this Paris-based institution have not been elected, their procedures and budget are not subjected to democratic oversight, and they are almost impossible to remove from power.Like most international organizations, their operations fall under the Vienna Conference on Diplomatic Intercourse and Immunities.13) As such, they enjoy immunity for their actions taken whilst in office, are exempt from administrative burdens (such as taxes and fines), and enjoy less stringent (COVID) travel restrictions.AUTOMATIC Exchange of Transaction Info For CryptoLast week, October 10th, the OECD published the “Crypto-Asset Reporting Framework and Amendments to the Common Reporting Standard.”14)This applies the tax reporting guidance of the existing CRS to crypto―and makes it FAR more invasive…The OECD first published a public consultation version of the document on 22nd March 2022.15) The deadline for feedback from the public was 29th April 2022. This gave the public just over a month to analyze a 101-page document, figure out what it meant for them and their clients in multiple jurisdictions, and formulate a public statement on company letterhead.This is not a sign that the OECD takes public input seriously. When comparing the two documents, there is no material difference between the public consultation and the final version in the section that matters most, the actual rules…16)Public consultations give these recommendations the appearance of being widely supported by “stakeholders.” It creates the illusion that the public has a say in the matter. It doesn’t. When you read the questions carefully, they only seek feedback on details, such as which intermediaries are to be included or excluded, which type of NFTs are to be in scope, what reporting thresholds there should be, and how much time should be reserved for implementation.17)Furthermore, if you read the commentaries submitted, which can be downloaded here, most respondents just talk their own book, trying to elicit amendments that perhaps exempt them from a specific reporting requirement, or trying to get a longer time-frame for implementation. In all fairness, there were also a number of industry insiders who highlighted the double standards created for the crypto industry, and how much of a burden the regulations would represent. In the end, none of this mattered. The regulations have been published and are now the new worldwide standard.What Are The New Guidelines for Crypto?​ As was the case with earlier regulations, Bitcoin will not be banned. Instead, the OECD builds on the approach set by FATF: to regulate the service providers who facilitate transactions.In this instance, the OECD developed a new global tax transparency framework which provides for the automatic exchange of tax info on transactions in a standardised manner. This is the “Crypto-Asset Reporting Framework” or “CARF.”18)As previously mentioned, automatic exchange of information used to contain only the details of the individual and the account value. New reporting obligations, however, apply to all transactions in an account. This is a major extension of the reporting obligations that currently exist for non-crypto financial services.Reporting of Transactions (and their Nature) by VASPSThe OECD proposes that those providing crypto transaction services, for or on behalf of customers, are to report under the CARF. We are talking here about the reporting entities that are defined by FATF, i.e. “Virtual Asset Service Providers,” or “VASPs.”19)​Before we look at the details of the information that is going to be exchanged, let us remind ourselves of what a VASP is:“VASP: Virtual asset service provider means any natural or legal person who is not covered elsewhere under the Recommendations, and as a business conducts one or more of the following activities or operations for or on behalf of another natural or legal person:i. exchange between virtual assets and fiat currencies;ii. exchange between one or more forms of virtual assets;iii. transfer of virtual assets;iv. safekeeping and/or administration of virtual assets or instruments enabling control over virtual assets; andv. participation in and provision of financial services related to an issuer’s offer and/or sale of a virtual asset.”20)​As you can see, the definition of VASP is so wide that it covers many of projects currently operating in the crypto space. According to the OECD, reporting obligations also apply to companies facilitating Decentralized Finance and Decentralized Exchanges.21)​What Kind of Individual Transactions Are to Be Reported?What needs to be reported? In particular, the following three types of transactions:​Exchanges between Crypto Assets and Fiat Currencies;Exchanges between one or more form(s) of Crypto Assets;Transfers of Crypto Assets (including Reportable Retail Payment Transactions).22)​Transactions will be reported by type of Crypto Asset, and will distinguish between outward and inward transactions. In order to enhance the usability of the data for tax administrations, the reporting is to be split out between Crypto-to-Crypto and Crypto Asset-to-fiat transactions. Reporting service providers will also be forced to label transfers (e.g. airdrops, income derived from staking or a loan), in instances where they have such knowledge.23)In short, the CARF mandates that information an all trades, including the type of coin, the amount of coins, the market value, and what was paid, be submitted. This info is then aggregated and automatically exchanged.24) The goal is to inform the tax authorities of how much you own and what kind of income you generated from your holdings.And if that is not enough, the OECD allows lawmakers the option to request lists of private wallet addresses of users.25)Reporting of Retail Transactions from Private WalletsOn a final note, the OECD has come up with a trick to limit the opportunity for crypto users to spend their coins anonymously. The CARF also applies to merchant providers facilitating crypto payment for goods or services. In such instances, the merchant provider is required to treat the customer of their customer as its own customer, and report the value of the transaction to the tax authorities of the buyer.26)For now, this only applies to “large” purchases of over USD 50,000.[27]​What About US Citizens and Green-Card Holders?The CRS has been implemented worldwide. All developed nations and all international financial centers have been included in the list, leaving few of the world’s financial highways untouched.28)Surprisingly, the United States is not on that list. The reason is that the US came up with their own automatic reporting framework even before the OECD did. It is called the Foreign Account Tax Compliance Act, or FATCA, and requires that foreign financial Institutions and certain other non-financial foreign entities report on the foreign assets held by their U.S. account holders.29)Up until now, FATCA did not directly apply to crypto. But the new 2023 budget proposal seeks to amend section 6038D(b) of the Internal Revenue Code to require reporting for a new third category, namely any account that holds digital assets maintained by a foreign digital asset exchange or other foreign digital asset service provider (a “foreign digital asset account”).30)There is also another US-specific reporting obligation, the Report of Foreign Bank and Financial Accounts. Regarding FBAR, FinCEN has issued Notice 2020-2, stating that it also intends to make reporting foreign virtual currency accounts mandatory.31) Moreover, US tax payers are already required to report their crypto transactions on their tax returns.32)The question is, will the United States also implement a CARF like system, as in the automatic reporting of all transactions? This question remains unanswered for now. But President Biden’s Executive Order from earlier this year clearly stated that the current administration is committed to these international standards, including those commissioned by the G20 and FATF, and that the US has a leading role in developing and adopting these international standards on digital assets.33)Despite all this, it is still unclear what the regulatory landscape in the US will look like. Regardless, US-based companies with clients in other countries (i.e. most of them) will have to implement these policies. It is hard to imagine the US government not wanting to have this information for itself, especially since the legal framework is largely in place. But we will have to wait and see.What Will Be the Outcome of These Regulations?​The outcome of these new international standards will be full transparency towards tax authorities. The aim of these standards is to get automatic insight into all your trades, even laying the foundation to prevent you from spending coins anonymously with retailers that use a third party payment provider.This means in practice that although you can hold coins in your private wallet, you cannot easily spend or exchange them anonymously. In short: no more privacy when you use third party services.One might say this will be the death of third party services, because accepting online payments is as simple as installing a piece of code on your website and taking the payments yourself. But most companies do not have the capacity to run their own payment system, and are likely going to require payments through a regulated merchant.As long as there isn’t a Bitcoin standard, meaning accounting and payments regularly done in Bitcoin, there will be a need for fiat on- and off ramps. As such, even when you do business in crypto, your suppliers or clients are likely to make use of a service provider with reporting obligations.As a result, expect far more scrutiny on transactions; from exchanges, but also from the people and businesses you are dealing with in everyday crypto activity. Even if you do not need to report on certain transactions, they might be forced to do so.You might be okay with accepting direct peer-to-peer transactions, but could run into issues later when you are obliged to prove where the payments came from.Regulators Are Out of ControlThe reality is that these regulators are out of our control. Without (direct) democratic mandates or oversight they are flooding the world with regulation. Just like totalitarian regimes, they effectively force private parties to police each other.The service providers, forced into unpaid financial surveillance, carry the rising compliance costs. Obliged to make hard decisions as to whom they can take on as customers, they are likely to cut services to those they consider not worth the compliance costs, such as small or “high risk” businesses, and people in developing nations.The cost of compliance might become so great that at least some of them might want to facilitate transactions only with fully-vetted wallets tied to a digital ID, such as the EU is implementing.34)New Precedent: Centralized Surveillance of Individual TransactionsThis is a good example of regulations being built on top of one another, and raising the bar with each step. It should not come as a surprise if at some point regular financial service providers are forced into similar obligations to get in line with these new “international standards.” This step might be taken with the introduction of Central Bank Digital Currencies, currently being developed all around the world.35)Door Open to Further Monitoring and Restricting of PaymentsIt is not hard to imagine that once all transactions are transparent, more actions can be taken as to which type of payments and type of persons are allowed or not. We can see this financial “cancel culture” already happening around the world.36)As a result of all this surveillance, it is not only privacy that is at risk right now; this starts to touch the very idea of maintaining a payment system where you can freely transact and engage in economic activity.Only a massive and radical decentralization movement away from third party service providers can prevent this dystopia. Stay tuned for a next report and a roadmap for just that…​TLDR;Governments at the highest level (G20) commissioned an organization called the OECD to come up with international tax transparency rules for crypto. They are using international law frameworks that supersede national legislation and will demand that every country in the world complies.The OECD issued their guidance last week, Oct 10, 2022. They propose that Virtual Asset Service Providers are to be required to annually report, on your trades and transactions, to the tax authorities of your country of residence.Reporting on transaction information is a major extension of reporting obligations as they exist for regular financial institutions. The US is also looking to expand its own reporting frameworks.​Sources:1 FATF, “Updated Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers,” (FATF, Paris, 28 October 2021), https://bit.ly/3TuBUMS Thysse W., “FATF Global Crypto Regulations Summary – June 2021,” (Decentralized Legal System, June 22, 2021), available on: https://bit.ly/3MEwBbt “Further EU and UK Developments in Financial Crime Regulation of Cryptoassets,” (Ropes & Gray, August 4, 2022), accessed on Oct 11, 2022, https://bit.ly/3D4zrDH “OECD – About,” (OECD), accessed on 3 Oct 2022, https://bit.ly/3MFzZmx Ibid.6 OECD, “Standard for Automatic Exchange of Financial Account Information in Tax Matters,” (OECD Publishing, Paris, July 2014), https://bit.ly/3S88xPq Ibid., page 268 OECD, “Standard for Automatic Exchange of Financial Information in Tax Matters – Implementation Handbook – Second Edition,” (OECD, Paris, April 2018), http://www.oecd.org/tax/exchange-of-tax-information/implementation-handbook-standard-for-automatic-exchange-of-financial-account-information-in-tax-matters.htm[Author: 1st edition since replaced by a 2nd edition, which is now found at this link].9 KPGM, “The Common Reporting Standard: Are you ready?” (KPMG UK, March 2016,) https://bit.ly/3S92NVL “Giant Leak of Offshore Financial Records Exposes Global Array of Crime and Corruption,” (The International Consortium of Investigative Journalists, April 3, 2013), accessed on Oct 3, 2022, https://bit.ly/3D4vRJB HM Treasury, G5 letter to G20 counterparts regarding action on beneficial ownership, (G5, 14 April 2016), https://bit.ly/3MHgLx4 “The UK has initiated a ground-breaking deal to tackle tax dodging and illicit finance, alongside Germany, France, Italy and Spain. Ministers from each country have co-written a letter to G20 counterparts to urge further international cooperation.”12 IMF, “Communiqué: G20 Finance Ministers and Central Bank Governors Meeting,” (Washington, April 15, 2016), https://bit.ly/3D3vRcJ UN, “United Nations Conference on Diplomatic Intercourse and Immunities,” (Vienna, 2 March – 14 April 1961), accessed on June 10, 2021, https://bit.ly/3D3vRtf OECD, “Crypto-Asset Reporting Framework and Amendments to the Common Reporting Standard,” (Paris, 10 October 2022), https://bit.ly/3MCqWCO OECD, “Crypto-Asset Reporting Framework and Amendments to the Common Reporting Standard – Public Consultation Document,” (Paris, 22 March 2022), https://bit.ly/3MF0Krl [Author note: for comparison, the actual regulations page 15, and the public consultation document page 10]17 OECD (2022), Public Consultation Document, pages 8-10 and 62-6318 OECD (2022), page 619 Ibid., page 1120 FATF (2021), page 2221 OECD (2022), page 10, and page 1222, 23 Ibid., page 1224 Ibid., page 15, Section II: Reporting requirements, A.3.25 Ibid., page 32, Transfers to External Wallet Addresses26 Ibid., page 1327 Ibid., page 1928 “CRS by jurisdiction,” (OECD), accessed on Oct 11, 2022, https://bit.ly/3D1oKlh “Foreign Account Tax Compliance Act (FATCA),” (IRS), accessed on October 11, 2022, https://bit.ly/3D19STY Department of the Treasury, “General Explanations of the Administration’s Fiscal Year 2023 Revenue Proposals,” (Department of the Treasury, Washington, D.C., March 2022), https://bit.ly/3eEa2r4, page 10131 FinCEN, “Report of Foreign Bank and Financial Accounts (FBAR) Filing Requirement for Virtual Currency, FinCEN Notice 2020-2,” (FinCEN, Washington, December 18, 2020), https://bit.ly/3D1W63u IRS, “Form 1040 and 1040-SR Instructions,” (Department of the Treasury, Internal Revenue Service, 2021), https://bit.ly/3S2lBWE, page 17.33 Joseph R. Biden Jr., “Executive Order on Ensuring Responsible Development of Digital Assets,” (White House, Washington D.C., March 9, 2022), accessed on Oct 11, 2022, https://bit.ly/3D4yxHd “eIDAS Regulation – eIDAS is a key enabler for secure cross-border transactions,” (European Commission, Brussel), accessed on 11 October 2022, https://bit.ly/3D6LbFS “Today’s Central Bank Digital Currencies Status,” (CBDC Tracker), accessed on Oct 11, 2022, https://bit.ly/3Sc8bHw [author note: this week alone famous artist Kanye West saw his bank closed for this views, and Paypal contemplated fining their customers for spreading what they considered misinformation.] via /r/Bitcoin https://bit.ly/3MDjIhW