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Bitcoin Investor Ordered To Reveal Crypto Keys

submitted by Version6 to whatever 5 monthsJan 8, 2025 15:32:35 ago (+7/-0)     (www.zerohedge.com)

https://www.zerohedge.com/crypto/bitcoin-investor-ordered-reveal-crypto-keys-124-million-landmark-tax-case



21 comments block

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[ - ] FreeinTX 5 points 5 monthsJan 8, 2025 15:35:39 ago (+5/-0)

What's your password?

My password is "The US Government Can Suck My DICK!"

But that didn't work.

Keep trying. It should work.

[ - ] Cantaloupe 2 points 5 monthsJan 8, 2025 15:35:11 ago (+2/-0)

Just give the wrong ones.

[ - ] foxtrot45 2 points 5 monthsJan 8, 2025 19:53:19 ago (+2/-0)

Really wish this can be settled, is it a commodity, or is it a currency?
I myself do not wish to pay capital gains, so if I make my purchases in BTC and the purchase is paid for in BTC then do I need to pay capital gains even though it was not converted back to fiat USD garbage?

[ - ] rzr97 1 point 5 monthsJan 8, 2025 16:00:09 ago (+2/-1)

This is all about him not paying taxes on capital gains. FUCK OUR LYING, CHEATING, STEALING, JEW ASS GOVERNMENT.

At least with bitcoin when you don't pay taxes, the government has to cry like bitches and can't actually do anything to steal it. If this is in his bank account, it's instantly gone. If it's US dollars or gold in a safe, they just come and take it. With bitcoin, they have to cry like the bitches they are and threaten you to get your seed phrase. You still can choose not to give it to them.

[ - ] Sector2 1 point 5 monthsJan 8, 2025 16:37:56 ago (+1/-0)

How did they know he had capital gains in the first place?

[ - ] rzr97 0 points 5 monthsJan 8, 2025 17:06:07 ago (+1/-1)

Because he sold it for US dollars. Everything you do with US dollars is entirely traceable.

[ - ] Sector2 1 point 5 monthsJan 8, 2025 17:38:33 ago (+1/-0)

How would anyone know if someone hands me $50K?

[ - ] TheSimulacra 3 points 5 monthsJan 8, 2025 18:55:42 ago (+3/-0)

What he means to say is everything you do with BITCOINS is entirely traceable.
..and now you understand why they want to get rid of dollars...

[ - ] foxtrot45 0 points 5 monthsJan 8, 2025 19:49:56 ago (+0/-0)

well I slightly disagree with "everything you do"

If you acquire bitcoin without the kyc, lets say pay cash(paper fiat) the transaction was done in the night time behind the wood shed, example you give the stranger cash he sends btc from his wallet to your wallet on your phone and your phone does not have google play or what ever on it, the statement changes from "everything you do" to "everything - with BITCOINS is entirely traceable"

That is the way it is supposed to work, not a negative.

[ - ] rzr97 1 point 5 monthsJan 9, 2025 02:06:09 ago (+1/-0)

Ever notice the serial numbers on your bills. Banks keep track of those now. It's built into the bill counting machines they have. People think cash can't be traced but it's easy as fuck. No coins...yeah you can't easily track those.

[ - ] Sector2 0 points 5 monthsJan 9, 2025 02:21:03 ago (+0/-0)

After being printed or minted, each bill is then passed between people and businesses to facilitate transactions. If it's a $1 or $5 bill, it changes hands on average about 110 times per year – and if it's a $20 bill, it's more like 75.

Can't find how many of those transactions are with a bank, but probably not enough to be trackable.

[ - ] rzr97 0 points 5 monthsJan 9, 2025 03:32:41 ago (+0/-0)

Most of them. Who pays people directly nowadays? Hardly anyone. Everyone pays a store who deposits in a bank.

[ - ] rzr97 0 points 5 monthsJan 9, 2025 03:33:02 ago (+0/-0)

Still, why give power to money jews literally create at will.

[ - ] TheYiddler 0 points 5 monthsJan 9, 2025 05:51:12 ago (+0/-0)

The way it works is they look for multiple bills leaving one bank and most of that group entering another bank. That links both accounts together. Otherwise the bills get split and distributed. Very strong signal to noise.

[ - ] rzr97 1 point 5 monthsJan 9, 2025 02:07:28 ago (+1/-0)

Still, you miss the point that the cash is created by the jew on a whim to force you to hire niggers to get loans. You do know that new dollars are created every time a loan is made right? you do know BANKS create dollars and not the government. The govt maintains the bills and coins that the central bank pays for with digital dollars.

[ - ] rzr97 0 points 5 monthsJan 9, 2025 02:08:47 ago (+0/-0)

How would anyone know if someone sends me bitcoin? Do you know the answer to that or is it just "it's traceable". Have you ever made a bitcoin transaction?

[ - ] TheYiddler 1 point 5 monthsJan 9, 2025 05:52:25 ago (+1/-0)

The entire history of every Bitcoin transaction is part of the public ledger.

[ - ] rzr97 0 points 5 monthsJan 9, 2025 14:28:07 ago (+0/-0)

You're making a claim and you have to back it up or it's a lie. Go find my transactions.

[ - ] rzr97 -1 points 5 monthsJan 9, 2025 14:26:56 ago (+0/-1)

Do you even know what that means? Tell me precisely what you think that means. Do you think you can see MY transactions? I bought something last week with bitcoin. Go find a public block explorer and show me my transaction.

[ - ] TheYiddler 0 points 5 monthsJan 9, 2025 23:11:32 ago (+0/-0)

The address of the person sending you Bitcoin and the address of the person you send the Bitcoin to is known. That can be used to identify you if you buy it or sell it at an exchange. Even if you don't use an exchange, one of the people you trade with will and feds can follow that trail.

Monero exists exactly to address that issue.

[ - ] rzr97 0 points 5 monthsJan 10, 2025 06:26:16 ago (+0/-0)

I would agree with all of that. However, you can obfuscate bitcoin transactions if you want AND a real world identity still has to be tied to an address. Without that, the addresses are meaningless.

Monero is awesome and anonymous by default.