BobbyCoins Posted August 6, 2021 Report Share Posted August 6, 2021 Zing! Link to post Share on other sites More sharing options...
BobbyCoins Posted August 6, 2021 Report Share Posted August 6, 2021 @pat Link to post Share on other sites More sharing options...
Supdawg Posted August 6, 2021 Report Share Posted August 6, 2021 55 minutes ago, pat said: In NY the exchanges have to comply with know your customer and it's not a big deal. This is more restrictive than in most states. How does this amendment go further? Basically, every step of the process needs to be KYC. Including somehow people are supposed to know who the other parties are on the blockchain. LOL Link to post Share on other sites More sharing options...
BobbyCoins Posted August 6, 2021 Report Share Posted August 6, 2021 17 minutes ago, Supdawg said: Basically, every step of the process needs to be KYC. Including somehow people are supposed to know who the other parties are on the blockchain. LOL I guess you could call it a CBDC in braille. Link to post Share on other sites More sharing options...
9 Nines Posted August 6, 2021 Report Share Posted August 6, 2021 I would be open to language putting all crypto users in Guantanamo and let them sort out which of them is criminal by not feeding them and letting them survive by deciding. abenjami 1 Link to post Share on other sites More sharing options...
BobbyCoins Posted August 7, 2021 Report Share Posted August 7, 2021 20 minutes ago, 9 Nines said: I would be open to language putting all crypto users in Guantanamo and let them sort out which of them is criminal by not feeding them and letting them survive by deciding. That's just because you already know that's what you and your space overlords already have planned for all of us. You're just an alien kiss ass trying to score points so you can have a better choice on which part of the planet you get to rule. Link to post Share on other sites More sharing options...
9 Nines Posted August 7, 2021 Report Share Posted August 7, 2021 I do not use bitcoin so no need to worry if they arrest the users to put them away. Link to post Share on other sites More sharing options...
OilerTitanHybrid Posted August 7, 2021 Report Share Posted August 7, 2021 6 hours ago, titanruss said: Seems a lot like this is going to hurt all the POS coins and they are going to have to leave the country to operate. Sucks for ETH 2 Bitcoin and POW coins have it a little easier? Here's a Wood video I saw recently. She talks in this segment about how she thinks most of the hundreds of crypto will be pretty worthless. They'll just be a few cryptos left worth anything, sort of how there are only a few other currencies besides the USD. She thinks that Bitcoin will be the world's reserve crypto currency, like how the USD is the world's reserve currency today. Because, when the shit hits the fan these days, everything defaults to the world's reserve currency, the USD. Later on, she thinks that most crypto will default to it's reserve currency, which will be Bitcoin. This video was 2 years ago. Have it marked at the last 3 minutes, where she talks about what I just typed above... Link to post Share on other sites More sharing options...
OILERMAN Posted August 7, 2021 Report Share Posted August 7, 2021 Link to post Share on other sites More sharing options...
OILERMAN Posted August 7, 2021 Report Share Posted August 7, 2021 BTC is going to fight the man, change the world currency and bring the Fed to their knees.....Nothing can stop it A last minute amendment by two senators..... Oh no it's over!!!! pat 1 Link to post Share on other sites More sharing options...
OilerTitanHybrid Posted August 7, 2021 Report Share Posted August 7, 2021 Damn, da pos has done crossed into 43k territory. At this rate I'll be up $10k profit by tomorrow night! Link to post Share on other sites More sharing options...
9 Nines Posted August 7, 2021 Report Share Posted August 7, 2021 There is no world reserve currency. Link to post Share on other sites More sharing options...
BobbyCoins Posted August 7, 2021 Report Share Posted August 7, 2021 One of the people backing this thing hardcore is Janet Yellen, a 74 year old Federal Reserve hag who probably thinks you get bitcoin out of one of those quarter pusher machines outside of stores. This isn't about making sure people pay their taxes on crypto. It's about trying to smother the crypto baby in its crib. The FED/gov knows it can't just outright ban it, but they can't just let it rob the gov of its monopolizing and inflationary control over its citizen's financial well being either. So they come up with this half-baked stupidity. Link to post Share on other sites More sharing options...
OILERMAN Posted August 7, 2021 Report Share Posted August 7, 2021 6 hours ago, NashvilleNinja said: The FED/gov knows it can't just outright ban it, but they can't just let it rob the gov of its monopolizing and inflationary control over its citizen's financial well being either. This was always a major known issue, I posted about this throughout the thread. If they don't get it in this bill they will sooner rather than later Jamalisms 1 Link to post Share on other sites More sharing options...
Supdawg Posted August 7, 2021 Report Share Posted August 7, 2021 What's hilarious is there is more pushback on the crypto portions of this bill than any other section. The politicians should be very worried about pissing off entire generations of people. Jamalisms, and OILERMAN 2 Link to post Share on other sites More sharing options...
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