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The greatest thing is that nobody's "letting" invest anyone anywhere here, because nobody has any authority over the system. Rather than being "allowed"to inves
by nukeop 9y ago
The greatest thing is that nobody's "letting" invest anyone anywhere here, because nobody has any authority over the system. Rather than being "allowed"to invest in crypto, you are _free_ to invest in crypto.
- BoorishBears 9y agoIt’s clear the implication is crypto is “letting” you invest in itself by its nature, where as some government trying to invent a new monetary system probably wouldn’t let individuals invest for a stake in future circulation But realistically, the government can stop you from investing. Or more specifically, the government can derail investment in the system by removing the aspect of speculation that’s driving this “investment”, by limiting people’s ability to liquidate. The government moves slow. Yesterday hundreds, if not thousands of people here in CT got letters requesting taxes on out of state online purchases from Newegg from up to 3 years ago. Everyone knew the law was that you should report your own purchases and pay taxes on them, but they ignored it and thought “buying out of state will let me not pay taxes!”. Now the taxman is coming for its due. Stories like this on current transactions could start to hamper the speculation on crypto drastically.