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RE: ATTENTION! Crypto is under attack by the American government (Bill S. 1241)

in #cryptocurrency7 years ago

Your politicians are owned, they do not care about your say, they never have. When anonymity hits LTC, then BTC.. as is and better than Monero, et, al., then it will not have much effect for all those with it offline. The new folks buying new will be more at risk (this is a personal opinion).

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It won't be very anonymous when you can't really do business with it IRL, unless you pay taxes on top of it. The whole idea of crypto was to take out the middlemen and give people the power over their own money back.

Yes, now see this is where some folks may be making an error in judgement... they work with cryptos in a personal way... worst tax liabilities as well as exposure (always has been). If you work them out of a corporate structure, you have far more options and far less liability. And if the Trump Tax plan gets approved, a decent likely hood, then corporate tax rates will improve.

People in the Cryptos must get educated in old world business methods (the way the governments always and will always work), to protect their wealth as it grows.