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  1. #1

    Crypto currency question

    I was reading over at Return of Kangs about crypto currency:

    Crypto-currencies touted in the media like Bitcoin and Ethereum represent a convenient way for men to tuck away their savings where the hands of government canít reach. Itís possible to squirrel away your savings so virtually nobody but yourself knows about or can access it. Family courts cannot audit your crypto-currencies and see how much you have nor can they retrieve any of it without your password authentication.
    This gives you real power over them. They donít know where your money is, how much you have, what you purchase with it and they will be unable to touch it. I suspect many men will discover ways to avoid various forms of taxation and begin starving the welfare state which cock-blocks men from their own women.

    izzat legit? I can't believe the evil IRS doesn't have some sort of plan to know how much money you have in there.


    http://www.returnofkings.com/123672/why-you-should-consider-investing-in-crypto-currencies


  2. #2
    Senior Member Mr Wombat's Avatar
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    Re: Crypto currency question

    Family courts cannot audit your crypto-currencies
    People think that the 'crypto' in crypto-currency means secret. It doesn't. The blockchain, in order to work at all, is public. You may have a secret key but you must also have some sort of public ID, and once that is associated with your person in a court of law all of your crypto transactions are an open book.

  3. #3
    Senior Member Aintdealingwithyoshit's Avatar
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    Re: Crypto currency question

    Don't believe the hype. Buy precious metals. CCs are obvious bubbles.
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  4. #4

    Re: Crypto currency question

    I just cashed in a few silver coins recently and the pawn shop needed my name to do you. I guess there is no way to keep money a secret.

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    Re: Crypto currency question

    Quote Originally Posted by Tangent View Post
    I just cashed in a few silver coins recently and the pawn shop needed my name to do you. I guess there is no way to keep money a secret.
    They might of wanted your name in case of stolen property, not to give to the IRS. I wouldn't a thought pawnshop money was taxable income, but who knows?
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    Senior Member Aintdealingwithyoshit's Avatar
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    Re: Crypto currency question

    Quote Originally Posted by Tangent View Post
    I just cashed in a few silver coins recently and the pawn shop needed my name to do you. I guess there is no way to keep money a secret.
    Silver IS currency in itself, you're not supposed to "cash it".
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    Re: Crypto currency question

    Besides, I do think this kinda sounds like a ponzi scheme.
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  8. #8

    Re: Crypto currency question

    I keep reading stuff like 'crypto-currency for beginners' and they really know how to sell it. I always bought gold and silver coins when I had extra income instead, but it is tempting to get into it.

  9. #9
    Senior Member Aintdealingwithyoshit's Avatar
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    Re: Crypto currency question

    Trust me the silver price is not real at all (way too low). There is an extreme demand for silver but not enough mining going on. Solar panels alone eat up a shit ton of silver.
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  10. #10
    Senior Member Mr Wombat's Avatar
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    Re: Crypto currency question

    Quote Originally Posted by Da Ma-Niac View Post
    Besides, I do think this kinda sounds like a ponzi scheme.
    The thing that prevents it from being a ponzi scheme is that there is a mathematical limit to the number of bitcoins in circulation. Bitcoin - like gold and silver - is a hard currency.


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