The first quote is the first response in this thread to the OP, over 10 years ago.

I know, how do you think i quoted it

You are going to have to speak a little more plainly for this to mean sometime to me, it is the end that I find confusing.

I understand why the government wants to fight terrorism by tracking and confiscating funds. But guns don’t kill people. People kill people.

There is a legitimate argument that:
1. Capital should be free, global an untaxed — this is actually a moral issue for me
2. That we would have a lot less terrorists if governments were constrained by:
A. Morality
B. Fiscal responsibility— ending Keynesianism and funny money is also moral

I am interested in addressing ultimate causes, not in treating symptoms or chasing proximate causes. So no, I am not concerned with what real criminals might do with crypto.

I am concerned about the wars, the monetary theft, the Arab spring, and the rest. If we start doing the right thing morally, many many many of this worlds problems will iron themselves out.

I am not removing blame from the individual, but it is also worth pointing out that society and our current shitty version of capitalism really marginalizes some people and leaves them with a set of largely bad choices. No one wants to rob a 7-11 or wear an exploding vest...

Ah, yes! I was confused and being a muppet.

-----

On the topic of old posts though, I'd encourage people to go back and read through some of the first pages in this thread. It's fascinating reading some of the posts with the hindsight that we have today.

Or doesn’t like reconciling 100s of transactions every month
Or doesn’t like their bank accounts being drained
Or doesn’t like their CC info stolen
Or doesn’t like to tip in away their server has to pay taxes on it
Or doesn’t like to bother running it for 2 beers
Or lives in a state where weed is illegal

Fear not what criminals will do to bitcoin, criminals should fear what bitcoin can do to them.
For anyone learning about btc, I found this guy named andreas antonopolous, he is very good at explaning btc and crypto's. I have the brain of an 8 year old so it really helped me.
https://aantonop.com/videos/


WTB bear case/arguments from someone with actual braincells pls

Hoping someone here can help me since I'm getting no luck currently with bitpay support:

I have an old copay wallet with some BCH, but decided to finally get rid of the last of the BCH it held. I tried to transfer it to an exchange but got an error message on the copay app saying the wallet was in a corrupt state.

When I contacted support, they said to delete the key and reimport it (provided I had the recovery phrase, which I do), so I tried that but it won't reimport (or if it is reimporting, it is showing as empty, possibly as the BCH tried to be sent from the corrupted wallet?).

I know the recovery phrase is correct as I used it to get it on this phone last year, any suggestions on how to recover the BCH? Should I be using a different wallet provider?

.....................


I own Bitcoin and another crypto and I have an account with Coinbase
I chose them because I thought they were the largest exchange and would be the best
they are trying to get an IPO approved

I don't even have an account number
all they have is my email address and my name to identify me - I think you need to provide more than that if you want a wallet
they don't even have my ss#
you cannot contact them by phone
I tried to contact them by email - they only sent me an acknowledgement - they never actually answered it

they don't provide documents for tax purposes

all of this is borderline unbelievable, incredible for a financial organization
incredibly unprofessional

I realize this is due to the origins of crypto and what it was trying to accomplish, but still
this stuff is way too big right now to operate that way

I hope their attempt at getting an IPO forces them to change for the better

to summarize: right now they suck











also, the IRS is making a big push to collect Capital Gains taxes on crypto profits
a great many have failed to show their profits on their submissions to the IRS


this year, at the very top of the new form just underneath the name and address they ask this question:



"At any time in 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency"



they now have powerful computer systems to better track these transactions



they are forcing anybody who tries to evade taxes on crypto gains to commit perjury




https://gordonlawltd.com/1040-crypto-question/

You are just masking anti-societal greed and meaningless personal gain as enlightened outlook.
It's not even libertarianism and libertarianism is a pointless utopia anyway.

I have a question

How can BTC go to zero if it's a deflationary asset class that, at a minimum, has a non-zero # of use cases?

I also had a bad experience with coinbase. I don't think it's a good exchange at all. They desactivated my account that I registered years ago when I logged back in, telling me to contact support to re-activate it. Their support ticket reply is an automated repsonse saying they do not manually support canadian and I have to solve it myself (literally that's what it says), lmao. ok cya

Imagine if you had any kind of problem solving anything with them.

Sorry, I meant "real criminals" in the way you did, i.e. politicians/government. Is the American government or the Chinese government going to allow this free flow of capital outside of their control forever? Especially when it is deleterious to their power?


And your points bring up another issue; do we know with any degree of certainty what the concentration of bitcoin is today, i.e. how much does the top 1% or 0.1% or 0.01% of holders own? Could we just end up creating a new set of "criminals"? Non-governmental "central banks" with large reserves of BTC who control the flow of new capital into the system?


In the end the real real criminals are the ones that control the politicians.

Who cares about all this nonsensical garbage? You won't change any of it.

You should just focus on making money. FACT.

Who cares if governments may regulate bitcoin? Maybe someone with a time horizon longer than one month.

I'm going to take a wild guess and say you have never worked for a tech company or in support. The truth is that people like you are the reason why it takes so long to get a response from support. Virtually everything your wrote is factually wrong and you are blaming coinbase because you can't keep track of your information and passwords properly. There are thousands of people like you filling up coinbase's support queues because you can't be an adult and keep your info safe and secure.


You can provide this to them as well as your address and linked bank accounts/payment methods to identify you.

Yes, you can. There's info on their website and takes less than 10 seconds to find.

Yes, they do.

I imagine they feel the same way about you

How would you know what I am doing? Your perception is dead wrong by the way. My posts have been consistent from the beginning and I mean what I say.

I understand economic theory and something like BTC or gold is the right answer. Fiat is not.

Libertarian ideals are optimal for resource allocation and maximizing societal happiness / utility. That being said, I am not theorist at the expense of the real world. I actually believe in socialized health care for instance.

We (**** sapiens) survived the Hobbesian state of nature because we acted as social units and we developed highly functional parts of are brain in response to forces driven by social demands (language, etc).

The funny thing about opening your mouth is that you allow others see the meaning that you assign to things. You could not be more wrong here. I would suggest these two texts for your own edification:

1. Structure and Change in Economic History:
https://www.amazon.com/Structure-Cha...s%2C212&sr=8-1

2. Anarchy, State, and Utopia
https://www.amazon.com/Anarchy-State...s%2C249&sr=8-2

Now this is real thinking. It does concern me, but what can you do? They can also try and confiscate your gold, inflate your USD, I don't see any riskless option from the individual's perspective. Maybe Elon Musk will attempt to build a legitimate society on Mars that has sound money...

I will say though, that my perception is that governments are likely go be slow cooked frogs here. And by the time they really understand the threats posed by something like free and sound money, it will be too late for them to jump out of the water.

As for your truly valuable and insightful concerns, I suppose that we just have to have faith in humanity. There will always be risks.

Concentration of capital, in and of itself is not that bad of a thing I don't think. In practice maybe it often turns out that way. But just because BTC and or gold index (become?) money, does not mean that they are the only forms of capital.

Equities, real estate, private businesses, etc all also represent capital. In a free society I am not sure that the 80 / 20 rule is avoidable.

I haven’t followed your all’s whole debate, but if anyone is thinking BTC or any other crypto will solve the non-issue that is income or wealth inequality they are wrong.

Governments attempt to reduce inequality has raised inequality so I guess taking away power from them would be a good thing for inequality, but the chances a crypto takes over USD in any real way is so slim and even then inequality wouldn’t decrease that much.

crypto is less about equality of outcome and more about equality of opportunity, though still far from perfect there, as it mostly requires computer+internet or smartphone, and in some cases, financial intermediaries as onramps

crypto Gini is terrible, even after adjusting for exchange balances etc

At something like $150k-200k BTC, half of the world's billionaires would be from crypto

you are wrong about almost everything
I'm not backing up their support queues
I had only one question in 2.5 years - 1 email
I have no problem logging on or keeping track of my info
I have logon i.d. and passwords memorized for over 25 secure accounts - all of them have different passwords
I have backup info in more than one cloud service if I ever forget one which I never have

I just called Coinbase's phone number one minute ago
they're only accepting calls about your account being compromised
if your account is not being compromised they refer you to the help section of their website

you're posting absolute nonsense


I admit I may be wrong about not providing tax documents

Any exchange recommendations for those in Canada?

So far it seems like the main options (in no particular order) are:
bullbitcoin
shakepay
Ndax
newton
Bitbuy
virgocx

Thoughts?/Anyone have experience using any of those?

Is the best path for buying usually, Interac e-Transfer/wire from a chequing account to an exchange and then transfer what I don’t want to trade to cold storage and the reverse to sell?

Thanks

I use Kraken in Canada.
No issues moving large amounts to date.

Sent from my Pixel 3 using Tapatalk

Sup Mastercard

Bull bitcoin works great