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Buying crypto now while it is legal seems a lot lower risk to me than getting an illegal offshore account. Even if they make crypto illegal later they wouldn't
by notch898a 4y ago
Buying crypto now while it is legal seems a lot lower risk to me than getting an illegal offshore account. Even if they make crypto illegal later they wouldn't be able to prove I acquired it illegally, and once I acquire it it's nigh impossible to determine whether it's been lost or not.
- scoofy 4y agoAgain, my point isn't "what do now" it's a conceptual argument as to societies on a forward going basis. Now we likely have no reason to think that our societies are descending into a sectarian and totalitarian nightmare. Thus the vast majority of users of said currencies are likely attempting to freeload of society. It's a double edged sword, where the only justification for something like monero is a fictional totalitarian state, coming... someday. Whereas, in the areas where totalitarianism exists, all of theses things are already trivially illegal... almost exactly at the rates you would suspect. https://en.wikipedia.org/wiki/Legality_of_cryptocurrency_by_country_or_territory https://en.wikipedia.org/wiki/Legality_of_cryptocurrency_by_... It's prepper mentality, and unfortunately, it's being exploited by tons of folks entirely happy to cheat on their taxes.