You are viewing a single comment's thread from:

RE: How Newly-Passed Tax Reform Hamstrings US Cryptocurrency | An ELI5 w/ Examples |

in #bitcoin7 years ago

Already mentioned in Cointelegraph. Bad news for US Citizens and centralized Exchanges in the US.
The future will see a further rise of privacy focused crypto and dezentralized Exchanges.
Rise of crypto is indirectly proportional to Negative Real Interest Rates and trust in goverments/central banks/institutions.
"value" of crypto = f(1/trust*NRIR)

Sort:  

Thanks for commenting! I agree, this is a huge hit for the US markets. I am unsure of whether the legislation was made for specifically crypto alone, but either way it is going to have a very large impact.

Any plans to open a office in Dubai?

cryp is having a huge vital effect on us but if it should be tradered but i guess it should have effect on us to probably loose interest. steemit, post and earn

I agree 💯👍 just followed you

Thanx and refollowed.

Crypto is making an incredible new request in the Accounting business. Standard bookkeepers and H and R Block are most likely not sufficiently experienced with crypto ventures, and numerous individuals will require an authority to set up their charges so I see an astounding open door for bookkeepers over the world to get more instructed and pull in this new type of client.

what's to come was seen brighter with cryptographic money, for what reason should id be tradered yet I get it shouldn'thave any impact on us on steemit

Hard to predict the future. Maybe a butterfly by flapping its wings change it all.
The mathematical controlled coin supply secured by cryptography and open source code is a game changer especially when we face the next financial crisis 2018-19.
Nobody can multiply Bitcoin according to their whishes what we can witness right now for FIAT.
Maybe crypto will be used as a trusted collateral for FIAT, when FIAT fails and people lost trust, or maybe I'm completly wrong.