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Who do you propose should investigate?
by piva00 2y ago
Who do you propose should investigate?
- uoaei 2y agoProbably the Secret Service. They investigate wire fraud among other things.
- infecto 2y agoI always got the impression that the FBI was more aligned with securities fraud which I think is probably the closest aligned here.
- datavirtue 2y agoIt's all number of rampant fraud.
- dragontamer 2y agoIf it's a currency, then the Secret Service should investigate. If it's a security, then FBI should investigate. -------- These crypto coins feel more like a security to me, so my bet is FBI. In either case, fraud is rampant and there needs to be more crackdowns. So I don't care who investigates really. There just need to be more of them.
- Jerrrrrrry 2y agothe point of the ecosystem is blurring lines to the point of exhaustion, exploiting the juxtaposition between the latency of the bureaucracy and its jurisdictional dick-swinging and the relatively near-instant pay out of "legally-gray" fraud.
- playingalong 2y agoWhy is the same agency tasked with investigating financial fraud and provide physical security for the president?
- filoleg 2y agoProbably because their official stated purpose has been “conducting investigations into currency and financial-payment crime, and protecting U.S. political leaders, their families, and visiting heads of state or government.”[0] Especially since US secret service was originally created with the former purpose, as protection of political leaders was added to their list of responsibilities only later on. 0. https://en.wikipedia.org/wiki/United_States_Secret_Service https://en.wikipedia.org/wiki/United_States_Secret_Service
- passwordreset 2y agoI'd suggest no one should investigate. So you lost your Bitcoin from some massive fraud? Too bad. That's the cost of playing that game. You should not get a free pass when you ask your government for assistance, and you should not have your government investing time and money looking into massive fraud concerning Internet Fun Bucks. You assume all risk when using this kind of money.
- tonetegeatinst 2y agoIs its internet fun bucks why are they taxing it? Imagine next, taxing people who do protein folding of use the SETI project....because those points earned have a value to them.
- ben_w 2y agoCan you trade SETI points? If not, then no. But you could tax someone for getting free gifts "in kind", so if you donated GPU time to do protein folding for GlaxoSmithKlein and they rewarded you with some internet points, they might be taxable on the difference.
- AnthonyMouse 2y ago> Can you trade SETI points? Now you're getting into this mess: https://www.journalofaccountancy.com/news/2020/feb/video-game-currency-tax-reporting-23013.html https://www.journalofaccountancy.com/news/2020/feb/video-gam... Video games have all kinds of gold etc. that you can use to buy items. People will pay you real money to get your video game points if the video game is popular. So now is everybody who plays a popular video game committing tax fraud unless they report their gameplay to the IRS, because they earn points which have monetary value? That's not going to go over well. They seem to want to go with something like it's not taxable unless you cash out. But that's a whole different kind of mess. If you trade somebody your Roblox points for their Fortnite points, is that cashing out, or are you both just trading your non-taxable thing for a different non-taxable thing? Is there any reason for this to be different than trading your sword for a crossbow within a single game? What about games that share worlds? What about games that have cryptocurrency in them? The whole thing is a mess because "anything of value" is too broad to be practical, but narrow it an inch and you have a loophole.
- shortrounddev2 2y agoI believe crypto should be unregulated