Biden Treasury pick Janet Yellen warns cryptocurrency poses terrorism risk

a reply to: Irishhaf

Biden Gov: 'Everything and everyone we can't control are now deemed domestic terrorists"

The end.

a reply to: Bluntone22

Well, like I said, whatever they do, I consider it already toxic.

If she can't control it then it is illicit.
Sauron wants his mitts on everything these days.

So here we are.

If the Government cannot control something, it's terrorism.

Reminds me of the Ancient Aliens show.

I'm not saying it's Terrorism, but it's Terrorism.

I'm sure that cryptocurrancy has it's merits, but there is no doubt that it is the preferred currency of criminals, terrorists included.

originally posted by: Bluntone22
a reply to: shooterbrody

Of course it is.
He who controls the money has the power.

Crypto will start to be regulated and taxed then the price will drop in a major way.
The whole point of having crypto will be eliminated.

Hopefully a new crypto can just pop up and take it's place

originally posted by: jjkenobi

originally posted by: Bluntone22
a reply to: shooterbrody

Of course it is.
He who controls the money has the power.

Crypto will start to be regulated and taxed then the price will drop in a major way.
The whole point of having crypto will be eliminated.

Hopefully a new crypto can just pop up and take it's place

I would imagine that the new regulations would be a broad coverage of all crypto currencies.
Kinda dumb if they don't.

originally posted by: Bluntone22
a reply to: shooterbrody

Of course it is.
He who controls the money has the power.

Crypto will start to be regulated and taxed then the price will drop in a major way.
The whole point of having crypto will be eliminated.

Death Tax will be coming back soon too.
Farmers beware...more bargains to be picked up by Bill Gates and China.

originally posted by: WeDemBoys
I'm sure that cryptocurrancy has it's merits, but there is no doubt that it is the preferred currency of criminals, terrorists included.

The dollar has been the preferred currency of terrorists for decades because it's so hard to trace.

The hypocrisy of the Biden administration is insane.

DAY 2...

a reply to: Irishhaf

SERIOUS QUESTION, regardless of who won the election did you really believe crypto was going to remain untouched?

Most people could see this a mile away..

a reply to: Ohanka

It already has. Make way for the great reset.
When the government orders you to use their digital currency, it won't be called crpyto currency because thats terrorist. It will just be 'money' 'cash not accepted here' (luckily only saw one business like that in my whole town- and only went because it was a local gift card i received as a gift anyway)

originally posted by: JAGStorm
a reply to: Irishhaf

SERIOUS QUESTION, regardless of who won the election did you really believe crypto was going to remain untouched?

Most people could see this a mile away..

I dunno, the Petrodollar cruised along for a cool Century pretty much untouched.

Ok, I am way behind in this type of stuff, I know about Bitcoin but crypto? that is new to me, BTW Petrodollars are backed by oil, something you can touch, produce and sell, but encrypted and digital currency? sounds like the stock markets this days, fake money for all.

a reply to: marg6043

I know about Bitcoin but crypto? that is new to me,

bitcoin, is a Cryptocurrency "crypto".

here is a list with 200 listed. there maybe more, not sure.

All Cryptocurrencies

a reply to: hounddoghowlie



oh, my lord, that many? no wonder the establishment wants them regulated, after all it was Wall street the ones that turn the stock markets into fake currency to begin with,

If that guy end up figuring out his password for the $200 million he had tucked away in Bitcoin how much do you think he loses in taxes. The regulation on this is going to have some big blow back I think

a reply to: Charliebrowndog

If that guy end up figuring out his password for the $200 million he had tucked away in Bitcoin how much do you think he loses in taxes.

i would think it would be the 37% tax bracket, or higher if he takes it all. 520,000 and above income is the 37% bracket.
if you won the mega millions you'll have to pay 39%.6. 24% before you even see any cash, and the balance at tax time. that's just federal then the state gets theirs if you live in one that has income tax.

a reply to: JAGStorm

No I didn't think it would remain unregulated it's the verbige that bothers me...

Every currency on the planet is used in illicit activity, if you want to regulate it fine just say so most people will roll with it

a reply to: marg6043

BTW Petrodollars are backed by oil, something you can touch, produce and sell

Oil is a fossil fuel. Once it's served it's purpose, you can't touch it or sell it anymore.

If the Petrodollar was backed by something like Gold then you would have a point.

Oil is finite, precious metals are not.

originally posted by: WeDemBoys
I'm sure that cryptocurrancy has it's merits, but there is no doubt that it is the preferred currency of criminals, terrorists included.

No I think that's the US Dollar you are on about.

Edit-Wide Eyes beat me to it.