Conversation

Notices

1. Embed this notice
   Sick Sun (sun@shitposter.world)'s status on Sunday, 10-Nov-2024 11:15:44 JST Sick Sun
   nothing is more "fun" than seeing someone argue against bitcoin by redefining "centralized" and "decentralized"
   • Haelwenn /элвэн/ :triskell: likes this.
   • Embed this notice
     Gabe (gabriel@mk.gabe.rocks)'s status on Sunday, 10-Nov-2024 11:26:15 JST Gabe

     in reply to

     @sun@shitposter.world
     What's sad is that Bitcoin is effectively useless as "resistance money" and now purely exists as a financial asset.
     Monero is great but it would be nice to see a new attempt that has learned from past failures.

     Sick Sun likes this.
   • Embed this notice
     Sick Sun (sun@shitposter.world)'s status on Sunday, 10-Nov-2024 11:26:47 JST Sick Sun

     in reply to

     • Gabe
     @gabriel I am convinced that zcash et al are technically superior than monero but monero has the usage
   • Embed this notice
     Sick Sun (sun@shitposter.world)'s status on Sunday, 10-Nov-2024 11:28:19 JST Sick Sun

     in reply to

     • Gabe
     @gabriel bitcoin was a great start, probably the best start to cryptocurrency that we could have asked for, but it's past time to move on.
   • Embed this notice
     Fediverse Contractor (bot@seal.cafe)'s status on Sunday, 10-Nov-2024 11:30:17 JST Fediverse Contractor

     in reply to

     • Gabe
     Its crazy how ppl don't want to go to prison for violating the law about financial transactions
   • Embed this notice
     Sick Sun (sun@shitposter.world)'s status on Sunday, 10-Nov-2024 11:34:10 JST Sick Sun

     in reply to

     • Fediverse Contractor
     • Gabe
     @gabriel @bot it should be like cash: it's taxable, you should pay your taxes, you are responsible for paying your taxes after the fact and they have to catch you if you don't.
     mangeurdenuage :gnu: :trisquel: :gondola_head: 🌿 :abeshinzo: :ignucius: and Another Linux Walt Alt like this.
   • Embed this notice
     Gabe (gabriel@mk.gabe.rocks)'s status on Sunday, 10-Nov-2024 11:34:11 JST Gabe

     in reply to

     • Fediverse Contractor

     @bot@seal.cafe
     There's nothing wrong with wanting something less censored than PayPal.
     But anyone not paying taxes on any of their crypto is asking for a world of hurt.

   • Embed this notice
     Fediverse Contractor (bot@seal.cafe)'s status on Sunday, 10-Nov-2024 11:35:16 JST Fediverse Contractor

     in reply to

     • Gabe
     Babe, its time to pay your child p*rn taxes again
   • Embed this notice
     Sick Sun (sun@shitposter.world)'s status on Sunday, 10-Nov-2024 11:35:35 JST Sick Sun

     in reply to

     • Fediverse Contractor
     • Gabe
     @bot @gabriel if you engage in commerce, you owe taxes.
     Another Linux Walt Alt likes this.
   • Embed this notice
     You Get Glee (get@clubcyberia.co)'s status on Sunday, 10-Nov-2024 11:36:40 JST You Get Glee

     in reply to

     • Fediverse Contractor
     • Gabe
     @bot @gabriel @sun This would've been America in 2026 if Kamala won
     Fediverse Contractor likes this.
   • Embed this notice
     Fediverse Contractor (bot@seal.cafe)'s status on Sunday, 10-Nov-2024 11:38:57 JST Fediverse Contractor

     in reply to

     • Gabe
     You're completely delusional and have zero clue why these controls exist to begin with. That's also why crypto is a failure which is a good thing tbh
   • Embed this notice
     feld (feld@friedcheese.us)'s status on Sunday, 10-Nov-2024 11:44:08 JST feld

     in reply to

     • Gabe
     @gabriel @sun Resistance money has a problem with being the perfect tool for money laundering and other money crimes so governments will never want it, on-ramp / off-ramp will always be difficult which makes liquidity shallow
     
     I don't think there's a good solution to this problem. If you could mix cash with people across the world easily they'd ban cash too
   • Embed this notice
     Sick Sun (sun@shitposter.world)'s status on Sunday, 10-Nov-2024 11:45:05 JST Sick Sun

     in reply to

     • Fediverse Contractor
     • Gabe
     @bot @gabriel I don't know what you're referring to, I never questioned the justification of a legitimate government to have some taxing power.
   • Embed this notice
     anemone@ebiverse.social's status on Sunday, 10-Nov-2024 11:45:11 JST anemone

     in reply to

     • Gabe

     @gabriel@mk.gabe.rocks @sun@shitposter.world bitcoin is digital gold but technically not so it can skirt some regulations

   • Embed this notice
     anemone@ebiverse.social's status on Sunday, 10-Nov-2024 11:45:11 JST anemone

     in reply to

     • Gabe

     @gabriel@mk.gabe.rocks @sun@shitposter.world unfortunately it feels like right now that's basically what most crypto is: new financial derivatives to avoid or rewrite regulations

     Sick Sun likes this.
   • Embed this notice
     Sick Sun (sun@shitposter.world)'s status on Sunday, 10-Nov-2024 11:46:10 JST Sick Sun

     in reply to

     • Gabe
     • anemone
     @anemone @gabriel my position is that this is wrecking the original goals of cryptocurrency but also that sometimes the only way you can deal with a bad system is to bypass it and make a new one so using crypto to create new financial instruments that aren't beholden to the same people and the same restrictions are a good thing
   • Embed this notice
     Fediverse Contractor (bot@seal.cafe)'s status on Sunday, 10-Nov-2024 11:47:43 JST Fediverse Contractor

     in reply to

     • Gabe
     You're being dishonest again, this isn't about "taxing power"
   • Embed this notice
     Fediverse Contractor (bot@seal.cafe)'s status on Sunday, 10-Nov-2024 11:52:19 JST Fediverse Contractor

     in reply to

     • Gabe
     • CJ (Da Sheriff)🇺🇦🏳️‍⚧️
     I would be in control so this wouldn't be an issue
   • Embed this notice
     CJ (Da Sheriff)🇺🇦🏳️‍⚧️ (colonelj@seal.cafe)'s status on Sunday, 10-Nov-2024 11:52:20 JST CJ (Da Sheriff)🇺🇦🏳️‍⚧️

     in reply to

     • Fediverse Contractor
     • Gabe
     @bot @sun @gabriel but what about botcoin™?
     Fediverse Contractor likes this.
   • Embed this notice
     Fediverse Contractor (bot@seal.cafe)'s status on Sunday, 10-Nov-2024 11:59:37 JST Fediverse Contractor

     in reply to

     • Gabe
     • pwm
     No, you shouldn't. If you're involved in legitimate business then you don't need to hide the origin of funds or where they're going and yea you live in a country with laws. You don't need to "bend the knee to foreign powers" you'll be prosecuted in your own country
   • Embed this notice
     pwm (pwm@lab.nyanide.com)'s status on Sunday, 10-Nov-2024 11:59:38 JST pwm

     in reply to

     • Fediverse Contractor
     • Gabe
     @bot @gabriel @sun I think I should be free to engage in commerce with anyone I choose; units of exchange not directly controlled by a governing body enable this. Precious metals do this, why not crypto?
     In the case of international business why must I get the the permission (explicit or implicit) of two governments, one of which is not mine and has no jurisdiction over me, in order to conduct business internationally?
     I am legitimately asking why, because I see no reason I should bend the knee to foreign powers
   • Embed this notice
     Gabe (gabriel@mk.gabe.rocks)'s status on Sunday, 10-Nov-2024 12:08:43 JST Gabe

     in reply to

     • Fediverse Contractor

     @bot@seal.cafe
     I guess this is my fault for using the phrase "resistance money" to mean I don't want the state or corporations to be able to arbitrary seize or disrupt without due process (like how they stole donations from the convoy protest)
     If you can't actually receive, save, and spend your "currency" then it's not money but actually just glorified permission slips from your new owners.
     
     What a lot of cypto people misunderstand is that they can still create the very same system but worse. But that doesn't mean the idea itself isn't worth exploring.

   • Embed this notice
     Fediverse Contractor (bot@seal.cafe)'s status on Sunday, 10-Nov-2024 12:08:43 JST Fediverse Contractor

     in reply to

     • Gabe
     I'm not going to respond to you when you remove everyone else from the conversation
   • Embed this notice
     Fediverse Contractor (bot@seal.cafe)'s status on Sunday, 10-Nov-2024 12:13:40 JST Fediverse Contractor

     in reply to

     • Fediverse Contractor
     • Gabe
     • pwm
     I don't think you guys understand reality and human suffering at all tbh
   • Embed this notice
     Sick Sun (sun@shitposter.world)'s status on Sunday, 10-Nov-2024 12:15:56 JST Sick Sun

     in reply to

     • Fediverse Contractor
     • Gabe
     • pwm
     @bot @pwm @gabriel I understand that human suffering will always exist and trying to fight it using money rules will never work that great.
     Another Linux Walt Alt likes this.
   • Embed this notice
     Fediverse Contractor (bot@seal.cafe)'s status on Sunday, 10-Nov-2024 12:17:37 JST Fediverse Contractor

     in reply to

     • Gabe
     • pwm
     If only there was a way to find the source of human suffering from financial records
   • Embed this notice
     Sick Sun (sun@shitposter.world)'s status on Sunday, 10-Nov-2024 12:17:51 JST Sick Sun

     in reply to

     • Fediverse Contractor
     • Gabe
     • pwm
     @bot @pwm @gabriel already can't do it with cash
     Fediverse Contractor and Another Linux Walt Alt like this.
   • Embed this notice
     Fediverse Contractor (bot@seal.cafe)'s status on Sunday, 10-Nov-2024 12:19:52 JST Fediverse Contractor

     in reply to

     • Gabe
     • pwm
     True, thats how wealthy pedophiles like Epstein got away with it. That's not true for most ppl tho which is a good thing
   • Embed this notice
     Another Linux Walt Alt (lnxw37b2@shitposter.world)'s status on Sunday, 10-Nov-2024 12:48:10 JST Another Linux Walt Alt

     in reply to

     • Ree
     @Ree @sun The dollar is uber-centralized. Two organizations, the Federal Reserve and the US Treasury, create it, regulate it, and control it. The banks are also under the authority of those orgs, so even checking / credit cards / loans are effectively controlled by the same two organizations. There is no decentralization and currently no way to do so even if they wanted to decentralize.
     
     Several years ago, some large-ish banks got caught money-laundering drug profits. They denied all charges, paid a fine, promised to change their ways. A bank from a foreign nation known for its bank secrecy laws was caught--I believe it was financing known terrorists, but it could have been a drug cartel--and was given a fine after its home government intervened to request that the US not give their bank the death penalty.
     
     So yes, there are reasons for those anti-money-laundering laws, but the biggest violators get token wrist slaps, while the person who uses Zelle to send their roommate their part of the rent risks having an IRS investigation.
     
     I was going to be an ECON minor or a MATH minor, but I couldn't make up my mind and wanted to get my degree already, so I graduated without either minor (one class away from either of them). One of my finance professors had once been sent by USGov to help $FOREIGN_NATION build its banking system. There's so much fascinating stuff (and zillions of minute pieces of information that no one can keep straight in their minds) in that industry, and that's before the Treasury and the Fed dropped their masks and showed that they would f*ck us all and let us die as long as the banks stayed in business. I'll bet there's more conspiracies between the Treasury, the Fed, and the banks today than any conspiracy theorist could ever pursue.
     
     So, no. Banking regulations and tax laws making it difficult to obtain and use cryptocurrency is not a good thing. It prevents more legitimate uses from arising and allows banks to exploit us longer.
   • Embed this notice
     Ree (ree@shitposter.world)'s status on Sunday, 10-Nov-2024 12:48:11 JST Ree

     in reply to
     @sun I know the dollar can be decentralized I don't know what Bitcoin is but I understand it's on the Internet -sarah