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RE: Stress analysis & comparison — Bitcoin Vs Gold

in Project HOPE4 years ago

Very nice reply @crypto.piotr

Fundamentals of blockchain tech and crypto tokenomics is one thing. Knowing that what you own is legal and knowing how to pay taxes from that income is crutial for many

Impressive Piotr! Unless I do not so much understand the blockchain cruise; the benefits, some of the clear ones which include; transparency (laudable), immutability (the haziest — considering how some tokens could actually be frozen) and innovative application to many use cases like DeFi among others. I feel blockchain and cryptos was a ride to evade centralisation.

I personally know someone, who earned quite a decent amount of money in 2017, sold part of his earning and bought himself a car. You won't believe what kind of trouble he got, since he couldn't prove where those money came from.

I doubt if conforming to regulations was included in Satoshi's bitcoin whitepaper — a rather ominous shortsightedness; considering tax is inevitable, and a possible way government could fight crypto-holders.

Regulations (especially in tax department) need to be clear. Otherwise it will stop many investors from showing any interests with crypto.

This is actually true.

Not to mention, that decentralization is some sort of utopia. Utopia, which doesn't even make much sense to me.

Hehe, I guess we are in same bus here Piotr.

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