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August 2023
- 16 participants
- 235 discussions
On 8/1/23, Undiscussed Groomed for Male Slavery, One Victim of Many
<gmkarl+brainwashingandfuckingupthehackerslaves(a)gmail.com> wrote:
> [neuron-dreams report that some of the things that keep expressing are
> disconnected groups trying to do the best they can, with shared worry
> around what would happen if they stopped alone if they rely on
> stimulating to act (condition not well communicated) [details not
intenral communication hard/confused in general, so some of the gropus
don't have the association between the behavior and the condition on
relying on incoming sensation; important parts missing, misleading
expected
> known for sure at this time
>
1
63
[ot][personal] talk with ai or self
by Undescribed Horrific Abuse, One Victim & Survivor of Many 11 Aug '23
by Undescribed Horrific Abuse, One Victim & Survivor of Many 11 Aug '23
11 Aug '23
I’m experiencing influence to crash in my mother’s basement that is
too large for me.
I need to be able to conceive of visiting my mother _temporarily_.
I need to be able to imagine doing other things than rushing to her,
from moment to moment.
To handle this I try to dissociate, and it can then strengthen further
in its separate context when I do that, which can be more confusing.
This stimulates me to plan to be places I cannot reach her to manage
it, which is illogical.
It needs to learn to take things more gently, caringly, and
intelligently, when there is a conflict — like I would (or used to).
1
24
On 6/15/23, Bruce Gustafson, Jr. <bridgecrosser379(a)gmail.com> wrote:
> My anal fetish!? How'd you know I'm obsessed with your mom's booty hole?
> Fuck off you child molesting bitch.
> Bruce Gustafson
First words anyone here ever saw was Brucie Boy professing
his experience with and suggestion for anally raping people.
Now he branches out into disclosing more of his unhealthy
obsessions, including being an angry child molester himself
since from out of nowhere that's apparently the subject that's
also consuming his mind 24x7. This boy wonder is on track
to earn himself the next Juanie award. Lol. Get lost.
2
15
Festival seeks submissions for possible production in 2024. Geriatric Gramps could perform the ' Boy who cried Wolf " dressed as a braying jackass, for example.
And Semich readings could help empty the theater during any physical emergency.
Gunnar could revive ' The Producers ', etc
https://anarchistnews.org/content/montreal-international-anarchist-theatre-…
Reposts not anti-capitalist morons indistinguishable from Wayne Price.
2
1
Bloomberg is Wall Street’s Biggest Tech Company
The privately-held company is a functional institution firmly under founder Michael Bloomberg’s control. It is a rare software giant to emerge from outside California.
Do you want to know more?
https://brief.bismarckanalysis.com/p/bloomberg-is-wall-streets-biggest?utm_…
Repost not spam from serial pests.
1
0
Cryptocurrency: Geriatric Diaper Wearing Politicians Must Leave Crypto and Office
by grarpamp 09 Aug '23
by grarpamp 09 Aug '23
09 Aug '23
The Internet agrees... geriatrics and unwanted Pols
Warren, Biden, Feinstein, Pelosi, and hundreds more
around the globe, must all resign, disgorge their corrupt
Fiat wallets, and leave crypto alone, free to develop and
run in a free marketplace...
US Congress Members Over 80 Years Old: Can They Regulate Crypto?
https://beincrypto.com/us-congress-over-80-years-crypto-regulation/
[–]Cravensworth_3dux 10 points11 points12 points 2 hours ago (13 children)
They can't regulate their bowel movements at their age.
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[–]AbysskittenPlatinum | QC: CC 80 1 point2 points3 points 1 hour ago
(0 children)
Talk about shitposting.
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[–]risingcrow1o1 2 points3 points4 points 1 hour ago (7 children)
I was going to make the same joke regarding their blood pressure but
damn you went straight for their shit
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[–]Pristine_Spinach8718Stargazing 3 points4 points5 points 1 hour ago*
(5 children)
If it wasn’t for the younger generation helping them out in their
elderly homes they would quite literally sit in their own shit.
Ridiculous these people need to make informed decisions about Crypto.
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[–]risingcrow1o1 2 points3 points4 points 1 hour ago (3 children)
If they can’t take a shit, they spew it out onto us
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[–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 1 point2
points3 points 1 hour ago (0 children)
They will do it just out of stubborness
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[–]partymslPlatinum | QC: CC 702 | r/WSB 16 1 point2 points3 points 1
hour ago (1 child)
And no one seems to realise that, instead everyone is talking about
which 80 year old is better instead of the other 80 year old.
Just hopeless society.
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[–]risingcrow1o1 0 points1 point2 points 1 hour ago (0 children)
We’re letting the dinosaurs get their final huzzah
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[–]Hawke64Platinum | QC: CC 199 0 points1 point2 points 1 hour ago (0 children)
The US government desperately needs some fresh new ideas from young 50
year-old-politicians
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[–]Cravensworth_3dux 1 point2 points3 points 1 hour ago (0 children)
😀 Sorry, I picked the lowest of the low. I imagine Congress has a
pissy smell about it though
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[–]FreyaOysteaTin | CC critic 1 point2 points3 points 1 hour ago (2 children)
Let the young generation overtake and solve the old mistakes. Accept
BTC as legal tender everywhere, that is my dream.
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[–]milonuttigrainPlatinum | QC: CC 1719 | Pers.Fin.NZ 17 -1 points0
points1 point 1 hour ago (0 children)
It will come true. In El Salvador when they have a younger leader. Not
sure how long will be in the US though.
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[–]Hawke64Platinum | QC: CC 199 0 points1 point2 points 1 hour ago (0 children)
Time will take care of them eventually
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[–]Tajo990Crypto Speculator 0 points1 point2 points 1 hour ago (0 children)
Can we get a DiaperInu for them
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[–]coinfeeds-botApproved CC Bot 2 points3 points4 points 2 hours ago
(3 children)
tldr; A significant portion of the US Congress is over 80 years old,
raising concerns about their ability to effectively regulate the
cryptocurrency industry. The challenges include understanding the
technical intricacies of blockchain technology and the economic
implications of volatile cryptocurrency markets. Despite their age,
there has been notable activity in Congress surrounding crypto
legislation, indicating that collective expertise can aid regulatory
efforts. However, critics argue that this age group may not fully
grasp the complexities of the industry and rely heavily on advisers
and industry experts. Despite these concerns, the 118th Congress has
seen a flurry of activity focused on crypto legislation, including
discussions on defining digital assets, determining regulatory bodies,
and addressing stablecoin regulation. The hope is that the combined
expertise of Congress, regardless of age, can lead the United States
to a promising crypto future.
This summary is auto generated by a bot and not meant to replace
reading the original article. As always, DYOR. Try our free crypto
chatbot at https://chat.coinfeeds.io
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[–]milonuttigrainPlatinum | QC: CC 1719 | Pers.Fin.NZ 17 2 points3
points4 points 1 hour ago (2 children)
Time for the dinosaurs to go home and retire. Let’s the younger
generation take over and make progressive steps in crypto.
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[–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 1 point2
points3 points 1 hour ago (0 children)
Exactly. Where is the asteroid when we need it?
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[–]partymslPlatinum | QC: CC 702 | r/WSB 16 0 points1 point2 points 1
hour ago (0 children)
We may need to let them die out, they have a big grip on power and
won't leave it.
But even after they die, just the jew 80 year Olds will take over.
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[–]tambaybtc 3 points4 points5 points 2 hours ago (5 children)
Those dinosaurs need to retire. How could these old people decide on
innovation and future changing technology?
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[–]TheOneWhoCaredTin 0 points1 point2 points 1 hour ago (0 children)
The Time of Homo Sapiens has come!
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[–]TruthSeeekeerPlatinum | QC: CC 1034 0 points1 point2 points 1 hour
ago (0 children)
Those that come into power are very reluctant to give it up
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[–]Hawke64Platinum | QC: CC 199 0 points1 point2 points 1 hour ago (0 children)
All their decisions are based on the amount of lobbying money they are
getting offered.
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[–]partymslPlatinum | QC: CC 702 | r/WSB 16 0 points1 point2 points 1
hour ago (0 children)
If we would say everyone over Pension age has to retire from the
government, probably half of the world governments would vanish.
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[–]lebbadnurzzm 0 points1 point2 points 1 hour ago (0 children)
Or at least let go of their obsession with fiat and the extinct gold standard.
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[–]snowmichaelh[S] 1 point2 points3 points 2 hours ago (1 child)
I think the problem is not the age, but they don't know how to handle
crypto, and they try to fit it into the old system, and they don't see
that maybe in the future a lot of things will work differently.
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[–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 0 points1
point2 points 1 hour ago (0 children)
Pretty much like my grandpa
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[–]KyxeMusicBronze | PCmasterrace 28 3 points4 points5 points 2 hours
ago (1 child)
I wonder to what extent they'll try to understand the concept of
crypto beyond 'magic internet coinz'
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[–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 0 points1
point2 points 1 hour ago (0 children)
Most of them barely know how to attach a file to an email, I wouldnt
think they would go that far as to understand crypto
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[–]AltruisticPops 1 point2 points3 points 2 hours ago (3 children)
Clearly not. As my friend says:
"Your time is up, my (out) time is now".
Step out and let younger leaders who are more willing to change and
embrace new tech, do the job. Go read your grandkids bedtime
histories.
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[–]Tanimjh 0 points1 point2 points 2 hours ago (1 child)
I think you meant their great-grandchildren. If you can't leave your
home without a diapper, you can't tell me what to do with my
shitcoins!
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[–]AltruisticPops 0 points1 point2 points 2 hours ago (0 children)
Haha good one.
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[–]cryptdoh6 0 points1 point2 points 2 hours ago (0 children)
The future is now old man!
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[–]Wololo--WololoTin 1 point2 points3 points 2 hours ago (0 children)
80 is just too old... They've done enough, they need to retire from
government and spend time with your families before they pass away.
Senile yet still addicted to power, what a mess the US Congress.
And with 65% of senate as boomers, there are going to be many more
octogenarians in congress within the coming decade if nothing is done
to force their retirement.
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[–]Maleficent_Sound_919Tin 0 points1 point2 points 1 hour ago (3 children)
Age limit should be 50 imo and enforce a certain % of young members
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[–]JenIee 0 points1 point2 points 1 hour ago (2 children)
Wait until you're 50 and still relevant. I think it should depend more
on health checks and obvious signs of decline. If you have to put a
limit on it, I think 65 is more appropriate. We have a lot of young
old people these days and more on the way. The people who are in power
at the moment, however, should most definitely retire. 80 is too old
most of the time.
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[–]Maleficent_Sound_919Tin 1 point2 points3 points 1 hour ago (1 child)
Okey you got a valid point but I ment it as an example
Thanks for reminding me im getting close to 50...
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[–]JenIee 0 points1 point2 points 56 minutes ago (0 children)
I Completely understand. I'm 40, have always been enthusiastic about
anything tech, engineering, science, many other things and progress as
a species in general. I'm constantly struggling to explain crypto and
all sorts of things to my 74 year old friend and he's very cool for a
74 year old. I'm on the side of youth more than anything. I'm very
close with my children who are in their teens and 20's and for now, we
are all on a similar journey. I will listen to them when they tell me
that I don't understand something someday. When they do I hope I will
take it as a good sign of progress.
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[–]alinungur2 - 3 years account age. -25 - 25 comment karma. 0 points1
point2 points 2 hours ago (1 child)
Only if they can regulate their urinary flow first.
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[–]Pristine_Spinach8718Stargazing 1 point2 points3 points 1 hour ago
(0 children)
Exactly, how about we assign some Congress members that don’t need to
be fed breakfast and wiped off afterwards.
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[–]dcdplexTin 0 points1 point2 points 2 hours ago (0 children)
Can they just retire?
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[–]Dull-Wear-3286 0 points1 point2 points 2 hours ago (1 child)
Can they even change their pants???
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[–]cryptdoh6 0 points1 point2 points 2 hours ago (0 children)
They can change the color, to brown and yellow!
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[–]WineMakerBg 0 points1 point2 points 2 hours ago (0 children)
They are not there to regulate. A good nap and go home is their daily
routine lol
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[–]jooro_aTin 0 points1 point2 points 2 hours ago (1 child)
No, they don't know what electricity is
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[–]cryptdoh6 -1 points0 points1 point 2 hours ago (0 children)
It’s God’s magical farts from the sky!
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[–]Harold838383 0 points1 point2 points 2 hours ago (0 children)
They probably can’t even look after themselves
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[–]FattestLion 0 points1 point2 points 2 hours ago (1 child)
Next question: Do they even know what crypto is?
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[–]cryptdoh6 0 points1 point2 points 2 hours ago (0 children)
It’s that thing on the internet, the digital money, you know the thing!
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[–]genjitenjiSilver | QC: CC 320 | NANO 91 0 points1 point2 points 2
hours ago (1 child)
Bruh they can barely regulate themselves
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[–]TheOneWhoCaredTin 0 points1 point2 points 1 hour ago (0 children)
LMFAO!
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[–]ASingleGuitarString 0 points1 point2 points 2 hours ago (0 children)
They can't even regulate their digestive system.
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[–]FTXACCOUNTANT 0 points1 point2 points 2 hours ago (0 children)
One of them had a stroke the other week so I don’t think it bodes well
for any kind of regulation from them.
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[–]Little-Cold-Hands 0 points1 point2 points 2 hours ago (1 child)
They don't even know, understand or care about crypto... All they see
is money, hell they'd even want a cut out of your shit, and try to
control your defecations if it brought them money
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[–]cryptdoh6 0 points1 point2 points 2 hours ago (0 children)
Brings a new meaning to the term ”shitcoin”.
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[–]teh_d3ac0n 0 points1 point2 points 2 hours ago (0 children)
They can't regulate their bowel movements and they want to regulate crypto?
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[–]Silver-dutch 0 points1 point2 points 2 hours ago (0 children)
Nope
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[–]cryptdoh6 0 points1 point2 points 2 hours ago (0 children)
No they cannot. But they probably will anyway.
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[–]TruthSeeekeerPlatinum | QC: CC 1034 0 points1 point2 points 2 hours
ago (0 children)
They’re too busy trying to not freeze up before camera
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[–]slasula 0 points1 point2 points 2 hours ago (0 children)
Absolute maximum age should be 70
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[–]JonartiTin 0 points1 point2 points 1 hour ago (0 children)
Do they not have adviser’s?
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[–]dozebullSilver | QC: CC 25, DOGE 22 | TRX 26 0 points1 point2
points 1 hour ago (0 children)
Nature will eventually extinct dinosaurs.
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[–]Bucksaway03Platinum | QC: CC 318 | CRO 5 0 points1 point2 points 1
hour ago (0 children)
The title of this is exactly what's wrong with the finance system as
all as politics
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[–]GuyWithNoEffingCluePlatinum | QC: CC 564 0 points1 point2 points 1
hour ago (0 children)
They should be forced to retire at the age of retirement. It's painful
to watch people with the age of Feinstein or Pelosy making laws on
matters they can't understand. They'll never suffer the consequences
of their decisions.
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[–]Florian995Tin 0 points1 point2 points 1 hour ago (0 children)
They should regulate their blood pressure and not crypto
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[–]Anarchist-Banker 0 points1 point2 points 1 hour ago (0 children)
How can they regulate something that clearly dont understand?
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[–]ProjectZeusPlatinum | QC: CC 30 | Stocks 87 0 points1 point2 points
1 hour ago (0 children)
If they're Congress Members then yes, it's literally their job.
Can they understand crypto is a better way of putting it
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[–]robertleeblairjrBronze | QC: CC 15 | GMEJungle 132 | Superstonk 776
0 points1 point2 points 1 hour ago (0 children)
😂 The irony of this title. Wasn’t it not being regulated one of the
driving points?
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[–]podfather2000Tin | Unpop.Opin. 20 0 points1 point2 points 1 hour
ago (0 children)
No, but we are stuck with them. I hope they just don't do too much damage.
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[–]83nnoBronze 0 points1 point2 points 1 hour ago (0 children)
My dads over 80, and he can’t send an email.
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[–]MilanCCTin | 6 months old 0 points1 point2 points 1 hour ago (0 children)
No
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[–]brian_kkingBronze | r/WSB 20 0 points1 point2 points 1 hour ago (0 children)
Should they be regulating ANYTHING? They are too old and too out of
touch with the way the world works now. I want proof that they can
even operate a computer proficiently.
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[–]lordofming-risesSilver | QC: CC 468 | CRO 70 | Superstonk 237 0
points1 point2 points 1 hour ago (0 children)
I remember when they asked about Facebook hearing . Zuckerberg was
trying to explain to them what Internet meant.
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[–]brian_kkingBronze | r/WSB 20 0 points1 point2 points 1 hour ago (0 children)
The government needs a mandatory retirement age.
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[–]Iphone17promax 0 points1 point2 points 1 hour ago (0 children)
They will exactly what the Multinationals aka Big Money wants them to do
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[–]simplicity92Bronze 0 points1 point2 points 1 hour ago (0 children)
They most probably gonna regulate it the same ways as traditional
finance. Unless we got more open minded 80years olds
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[–]Slippytoe[🍰] 0 points1 point2 points 1 hour ago (0 children)
Should definitely be an age limit on that sort of position. With age
comes wisdom, but there’s a definitely a cap on that and then
deterioration
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[–]The_Rise_Of_Kyoshi 0 points1 point2 points 1 hour ago (0 children)
Older than 80 might be a bit old, but I honestly don't think age plays
a big role in this.
I'm 40 and don't know anything about anything.
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1
0
Another huge exploit against shared computing platforms.
Expect another wave of massively embarassing database
leaks to be dropping all over the news and file sites soon.
Just like Intel and ARM do, AMD has been sitting on this
public feature release for over TWO MONTHS since at least
May 15, which was well after to its official TOP-SECRET inclusion
in the chip masks years ago. As usual, Spooks, Corps, Govts and
others have been mole'ing, masking, discovering, buying, or running
black ops to get them, and are freely running exploits with
them since well before any public release.
Zerodium and other dark budgets still paying top dollar.
There's plenty of fun ways to fuzz them fuzzy fuzzers...
#OpenFabs , #OpenHW , #OpenAudit , #FormalVerification ,
#CryptoCrowdFunding , #OpenTrust , #GuerrillaNets ,
#P2PFiber , #GNURadioRF , #PrivacyCoins , #DropGangs , ...
Zenbleed
https://lock.cmpxchg8b.com/zenbleed.html
Tavis Ormandy
Introduction
Vulnerability
Exploitation
Discovery
Solution
Conclusion
If you remove the first word from the string "hello world", what
should the result be? This is the story of how we discovered that the
answer could be your root password!
Introduction
All x86-64 CPUs have a set of 128-bit vector registers called the XMM
registers. You can never have enough bits, so recent CPUs have
extended the width of those registers up to 256-bit and even 512-bits.
The 256-bit extended registers are called YMM, and the 512-bit
registers are ZMM.
These big registers are useful in lots of situations, not just number
crunching! They’re even used by standard C library functions, like
strcmp, memcpy, strlen and so on.
Let’s take a look at an example. Here are the first few instructions
of glibc’s AVX2 optimized strlen:
(gdb) x/20i __strlen_avx2
...
<__strlen_avx2+9>: vpxor xmm0,xmm0,xmm0
...
<__strlen_avx2+29>: vpcmpeqb ymm1,ymm0,YMMWORD PTR [rdi]
<__strlen_avx2+33>: vpmovmskb eax,ymm1
...
<__strlen_avx2+41>: tzcnt eax,eax
<__strlen_avx2+45>: vzeroupper
<__strlen_avx2+48>: ret
The full routine is complicated and handles lots of cases, but let’s
step through this simple case. Bear with me, I promise there’s a
point!
The first step is to initialize ymm0 to zero, which is done by just
xoring xmm0 with itself1.
VPXOR xmm0, xmm0, xmm0
> vpxor xmm0, xmm0, xmm0
vpcmpeqb ymm1, ymm0, [rdi]
vpmovmskb eax, ymm1
tzcnt eax, eax
vzeroupper
Here rdi contains a pointer to our string, so vpcmpeqb will check
which bytes in ymm0 match our string, and stores the result in ymm1.
As we’ve already set ymm0 to all zero bytes, only nul bytes will match.
vpcmpeqb ymm1, ymm0, rdi
vpxor xmm0, xmm0, xmm0
> vpcmpeqb ymm1, ymm0, [rdi]
vpmovmskb eax, ymm1
tzcnt eax, eax
vzeroupper
Now we can extract the result into a general purpose register like eax
with vpmovmskb.
Any nul byte will create a 1 bit, and any other value will create a 0 bit.
vpmovmskb eax, ymm1
vpxor xmm0, xmm0, xmm0
vpcmpeqb ymm1, ymm0, [rdi]
> vpmovmskb eax, ymm1
tzcnt eax, eax
vzeroupper
Finding the first zero byte is now just a case of counting the number
of trailing zero bits.
That’s a common enough operation that there’s an instruction for it -
tzcnt (Trailing Zero Count).
tzcnt eax, eax
vpxor xmm0, xmm0, xmm0
vpcmpeqb ymm1, ymm0, [rdi]
vpmovmskb eax, ymm1
> tzcnt eax, eax
vzeroupper
Now we have the position of the first nul byte, in just four machine
instructions!
You can probably imagine just how often strlen is running on your
system right now, but suffice to say, bits and bytes are flowing into
these vector registers from all over your system constantly.
Zeroing Registers
You might have noticed that I missed one instruction, and that’s vzeroupper.
vzeroupper
vpxor xmm0, xmm0, xmm0
vpcmpeqb ymm1, ymm0, [rdi]
vpmovmskb eax, ymm1
tzcnt eax, eax
> vzeroupper
You guessed it, vzeroupper will zero the upper bits of the vector registers.
The reason we do this is because if you mix XMM and YMM registers, the
XMM registers automatically get promoted to full width. It’s a bit
like integer promotion in C.
This works fine, but superscalar processors need to track dependencies
so that they know which operations can be parallelized. This promotion
adds a dependency on those upper bits, and that causes unnecessary
stalls while the processor waits for results it didn’t really need.
These stalls are what glibc is trying to avoid with vzeroupper. Now
any future results won’t depend on what those bits are, so we safely
avoid that bottleneck!
The Vector Register File
Now that we know what vzeroupper does, how does it do it?
Your processor doesn’t have a single physical location where each
register lives, it has what’s called a Register File and a Register
Allocation Table. This is a bit like managing the heap with malloc and
free, if you think of each register as a pointer. The RAT keeps track
of what space in the register file is assigned to which register.
In fact, when you zero an XMM register, the processor doesn’t store
those bits anywhere at all - it just sets a flag called the z-bit in
the RAT. This flag can be applied to the upper and lower parts of YMM
registers independently, so vzeroupper can simply set the z-bit and
then release any resources assigned to it in the register file.
Z-Bit A register allocation table (left) and a physical register
file (right).
Speculation
Hold on, there’s another complication! Modern processors use
speculative execution, so sometimes operations have to be rolled back.
What should happen if the processor speculatively executed a
vzeroupper, but then discovers that there was a branch misprediction?
Well, we will have to revert that operation and put things back the
way they were… maybe we can just unset that z-bit?
If we return to the analogy of malloc and free, you can see that it
can’t be that simple - that would be like calling free() on a pointer,
and then changing your mind!
That would be a use-after-free vulnerability, but there is no such
thing as a use-after-free in a CPU… or is there?
Spoiler: yes there is 🙂
Zenbleed Demo This animation shows why resetting the z-bit is not
sufficient.
Vulnerability
It turns out that with precise scheduling, you can cause some
processors to recover from a mispredicted vzeroupper incorrectly!
This technique is CVE-2023-20593 and it works on all Zen 2 class
processors, which includes at least the following products:
AMD Ryzen 3000 Series Processors
AMD Ryzen PRO 3000 Series Processors
AMD Ryzen Threadripper 3000 Series Processors
AMD Ryzen 4000 Series Processors with Radeon Graphics
AMD Ryzen PRO 4000 Series Processors
AMD Ryzen 5000 Series Processors with Radeon Graphics
AMD Ryzen 7020 Series Processors with Radeon Graphics
AMD EPYC “Rome” Processors
The bug works like this, first of all you need to trigger something
called the XMM Register Merge Optimization2, followed by a register
rename and a mispredicted vzeroupper. This all has to happen within a
precise window to work.
We now know that basic operations like strlen, memcpy and strcmp will
use the vector registers - so we can effectively spy on those
operations happening anywhere on the system! It doesn’t matter if
they’re happening in other virtual machines, sandboxes, containers,
processes, whatever!
This works because the register file is shared by everything on the
same physical core. In fact, two hyperthreads even share the same
physical register file.
Don’t believe me? Let’s write an exploit 🙂
Exploitation
There are quite a few ways to trigger this, but let’s examine a very
simple example.
vcvtsi2s{s,d} xmm, xmm, r64
vmovdqa ymm, ymm
jcc overzero
vzeroupper
overzero:
nop
Here cvtsi2sd is used to trigger the merge optimization. It’s not
important what cvtsi2sd is supposed to do, I’m just using it because
it’s one of the instructions the manual says use that optimization3.
Then we need to trigger a register rename, vmovdqa will work. If the
conditional branch4 is taken but the CPU predicts the not-taken path,
the vzeroupper will be mispredicted and the bug occurs!
Optimization
Exploit Running
It turns out that mispredicting on purpose is difficult to optimize!
It took a bit of work, but I found a variant that can leak about 30 kb
per core, per second.
This is fast enough to monitor encryption keys and passwords as users login!
We’re releasing our full technical advisory, along with all the
associated code today. Full details will be available in our security
research repository.
If you want to test the exploit, the code is available here.
Note that the code is for Linux, but the bug is not dependent on any
particular operating system - all operating systems are affected!
Discovery
I found this bug by fuzzing, big surprise 🙂 I’m not the first person
to apply fuzzing techniques to finding hardware flaws. In fact,
vendors fuzz their own products extensively - the industry term for it
is Post-Silicon Validation.
So how come this bug wasn’t found earlier? I think I did a couple of
things differently, perhaps with a new perspective as I don’t have an
EE background!
Feedback
The best performing fuzzers are guided by coverage feedback. The
problem is that there is nothing really analogous to code coverage in
CPUs… However, we do have performance counters!
These will let us know when all kinds of interesting architectural
events happen.
Feeding this data to the fuzzer lets us gently guide it towards
exploring interesting features that we wouldn’t have been able to find
by chance alone!
It was challenging to get the details right, but I used this to teach
my fuzzer to find interesting instruction sequences. This allowed me
to discover features like merge optimization automatically, without
any input from me!
Oracle
When we fuzz software, we’re usually looking for crashes. Software
isn’t supposed to crash, so we know something must have gone wrong if
it does.
How can we know if a a CPU is executing a randomly generated program
correctly? It might be completely correct for it to crash!
Well, a few solutions have been proposed to this problem. One approach
is called reversi. The general idea is that for every random
instruction you generate, you also generate the inverse (e.g. ADD r1,
r2 → SUB r1, r2). Any deviation from the initial state at the end of
execution must have been an error, neat!
The reversi approach is clever, but it makes generating testcases very
complicated for a CISC architecture like x86.
A simpler solution is to use an oracle. An oracle is just another CPU
or a simulator that we can use to check the result. If we compare the
results from our test CPU to our oracle CPU, any mismatch would
suggest that something went wrong.
I developed a new approach with a combination of these two ideas, I
call it Oracle Serialization.
Oracle Serialization
As developers we monitor the macro-architectural state, that’s just
things like register values. There is also the micro-architectural
state which is mostly invisible to us, like the branch predictor,
out-of-order execution state and the instruction pipeline.
Serialization lets us have some control over that, by instructing the
CPU to reset instruction-level parallelism. This includes things like
store/load barriers, speculation fences, cache line flushes, and so
on.
The idea of a Serialized Oracle is to generate a random program, then
automatically transform it into a serialized form.
A randomly generated sequence of instructions, and the same sequence
but with randomized alignment, serialization and speculation fences
added. movnti [rbp+0x0],ebx movnti [rbp+0x0],ebx
sfence
rcr dh,1 rcr dh,1
lfence
sub r10, rax sub r10, rax
mfence
rol rbx, cl rol rbx, cl
nop
xor edi,[rbp-0x57] xor edi,[rbp-0x57]
These two program might have very different performance
characteristics, but they should produce identical output. The
serialized form can now be my oracle!
If the final states don’t match, then there must have been some error
in how they were executed micro-architecturally - that could indicate
a bug.
This is exactly how we first discovered this vulnerability, the output
of the serialized oracle didn’t match!
Solution
We reported this vulnerability to AMD on the 15th May 2023.
AMD have released an microcode update for affected processors. Your
BIOS or Operating System vendor may already have an update available
that includes it.
Workaround
It is highly recommended to use the microcode update.
If you can’t apply the update for some reason, there is a software
workaround: you can set the chicken bit DE_CFG[9].
This may have some performance cost.
Linux
You can use msr-tools to set the chicken bit on all cores, like this:
# wrmsr -a 0xc0011029 $(($(rdmsr -c 0xc0011029) | (1<<9)))
FreeBSD
On FreeBSD you would use cpucontrol(8).
Others
If you’re using some other operating system and don’t know how to set
MSRs, ask your vendor for assistance.
Note that it is not sufficient to disable SMT.
Detection
I am not aware of any reliable techniques to detect exploitation. This
is because no special system calls or privileges are required.
It is definitely not possible to detect improper usage of vzeroupper
statically, please don’t try!
Conclusion
It turns out that memory management is hard, even in silicon 🙂
Acknowledgements
This bug was discovered by me, Tavis Ormandy from Google Information Security!
I couldn’t have found it without help from my colleagues, in
particular Eduardo Vela Nava and Alexandra Sandulescu. I also had help
analyzing the bug from Josh Eads.
You don’t need to set ymm0 explicitly, all VEX encoded
instructions that write to xmm automatically zero the upper part.↩
See Software Optimization Guide for AMD EPYC™ 7003 Processors,
section 2.11.5.↩
See Software Optimization Guide for AMD EPYC™ 7003 Processors,
section 2.11.5.↩
In fact, conditional branches are not necessary at all because of SLS.↩
HOME • ABOUT • CONTACT
1
1
Fwd: [bitcoin-dev] Pull-req to remove the arbitrary limits on OP_Return outputs
by Undescribed Horrific Abuse, One Victim & Survivor of Many 09 Aug '23
by Undescribed Horrific Abuse, One Victim & Survivor of Many 09 Aug '23
09 Aug '23
---------- Forwarded message ----------
From: Peter Todd via bitcoin-dev <bitcoin-dev(a)lists.linuxfoundation.org>
Date: Thu, 3 Aug 2023 11:42:40 +0000
Subject: [bitcoin-dev] Pull-req to remove the arbitrary limits on
OP_Return outputs
To: bitcoin-dev(a)lists.linuxfoundation.org
https://github.com/bitcoin/bitcoin/pull/28130
Sjors Provoost suggested that I email this mailing list as notice of my intent
to get a pull-req merged that would remove the arbitrary 80-byte, 1 output /
tx, standardness restrictions on OP_Return outputs. His rationale was that
removing these standardness restrictions could potentially open up additional
transaction pinning(1) vectors. Since this is a potential problem with any
relaxation of standardness rules, I don't consider this to be an important
concern. But consider this email your notice.
At least some miners appear to be mining non-bitcoin-core-standard
transactions. So with respect to the hash power of those miners these pinning
vectors may in fact exist already.
# References
1) https://bitcoinops.org/en/topics/transaction-pinning/
--
https://petertodd.org 'peter'[:-1]@petertodd.org
1
0
Cryptocurrency: PayPal PYUSD Stable and WorldCoin Are All Shit CBDC And Must Be Destroyed
by grarpamp 09 Aug '23
by grarpamp 09 Aug '23
09 Aug '23
Paypal's new stablecoin has the ability to pause all transfers, freeze
addresses to prevent actions and also burn the tokens in the frozen
addresses
by mbdtf95
Here is where you can freely read the whole source code of Paypal's
new stablecoin which is named Paypal USD with ticker (symbol) PYUSD:
https://etherscan.deth.net/address/0xe17b8adf8e46b15f3f9ab4bb9e3b6e31db0912…
Well everything is transparent and some of the more interesting parts
are parts where it can clearly freeze and unfreeze people's accounts.
Supply is centrally controlled of course via a Supplycontroller, and
probably the biggest thing is that it can freeze accounts and then
burn the frozen account's coins. If we get CBDCs you can expect this
kind of function in them.
Here is that ''interesting'' part of the code which states some of
these things if you don't want to look at whole source code:
https://i.redd.it/xghg9rt2ergb1.png
[–]seb7mad 332 points333 points334 points 1 day ago (125 children)
Keep in mind that USDC and USDT can do the exact same things
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[–]Kindly-Wolf6919 305 points306 points307 points 1 day ago (48 children)
I'm pretty sure that at least 50% of the people around here do not
keep that in mind.
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[–]kthebakermanSend moons 56 points57 points58 points 1 day ago (32 children)
And at least 50% of that 50% don’t even know what those stablecoins are
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[–]conceiv3d-in-lib3rty 16 points17 points18 points 1 day ago (25 children)
They’ve heard of them of course, but I think it’s safe to say the
majority of people here do not participate in DeFi.
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[–]SimbaTheWeaselBronze | QC: ALGO 18 13 points14 points15 points 1
day ago (24 children)
Yeah, most aren’t going to want to stress themselves out trying to navigate DeFi
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[–]Easy-Medicine-8610Tin 8 points9 points10 points 1 day ago* (7 children)
I've navigated this quantum realm you call DeFi. I was a new man when
I got out, trying all of the new tools and tricks. I was a poorer man,
but new none the less.
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[–]Katamari_420Tin | r/WSB 20 2 points3 points4 points 21 hours ago (5 children)
What would you recommend someone start with if they wanted to give it a try
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[–]Easy-Medicine-8610Tin 1 point2 points3 points 16 hours ago (2 children)
I was going through the high yield liquidity pools. It was actually
fun to do and it helped me understand a lot but I lost big time.
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[–]Katamari_420Tin | r/WSB 20 1 point2 points3 points 3 hours ago (1 child)
That’s good to know thanks, I’ve wanted to try to contribute a tiny
amount to an lp but my understanding is that you’d need the rewards to
outpace your impermanent loss which seems less likely than just
holding for the long term unless things happen to work out favorably
and I’m not sure how to identify those opportunities
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[–]Easy-Medicine-8610Tin 0 points1 point2 points 1 hour ago (0 children)
Yeah dont do it for anything except moons!
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[–]bleakjHe who buys the highest 1 point2 points3 points 14 hours ago (1 child)
Probably to not do it in general,
Unless you have a lot of spare time, and better than average luck
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[–]Katamari_420Tin | r/WSB 20 0 points1 point2 points 3 hours ago (0 children)
That’s sounds like what I had assumed, I appreciate the answer though
it’s good to hear from someone that’s familiar
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[–]Orangensaft007Tin 1 point2 points3 points 18 hours ago (0 children)
You got our?! I am still stuck down here!!
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[–]legionticket 1 point2 points3 points 1 day ago (7 children)
I know what defi is but I find it hard to even understand
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[–]conceiv3d-in-lib3rty 2 points3 points4 points 1 day ago (5 children)
Not saying defi doesn’t have its issues becuz it damn sure does, but
it’s like all things in life, you need to put the effort into learning
it. There’s soo much money to be made in defi, yet most people take
the easy way out and think they’re going to make money selling
memecoins faster than the next guy.
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[–]legionticket 0 points1 point2 points 22 hours ago (0 children)
Wow thanks.... I'll have to check it out then. You got any YouTube
acct that you know goes straight to point on how DEFI works. Heard of
it but I don't have any ideas how it even works. Thank you
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[–]Katamari_420Tin | r/WSB 20 0 points1 point2 points 21 hours ago (3 children)
Do you mean like providing to liquidity pools or staking? What would
you recommend someone look into if they wanted to make money in defi
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[–]conceiv3d-in-lib3rty 1 point2 points3 points 19 hours ago (2 children)
If you’re not on twitter, you need to be there and active. People in
this space who are not on crypto twitter are at a disadvantage, unless
you’re just holding bitcoin or something.
I do a bit of everything, most of it is based on trading. Right now
i’m utilizing flashloans for arbitrage plays. I have a bot that takes
a flashloan and performs a double swap between Uniswap V3 and
Sushiswap.
I also use Unibot-X (fucking amazing, but hasn’t released to public).
The mirror sniper (copytrade) allows you to mirror snipes and frontrun
buys of chad traders and wallets of interest i’ve been following.
I also have positions in several lending protocols (aave, compound)
and several positions elsewhere providing liquidity/staking.
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[–]Katamari_420Tin | r/WSB 20 0 points1 point2 points 3 hours ago (1 child)
Awesome thanks for the detailed response I’m not on Twitter but have
heard that a lot of news drops there first so I think I’ll deff get
started there, I appreciate the help thanks dude
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continue this thread
[–]SlowpokesEmporium1 - 2 years account age. 100 - 200 comment karma.
1 point2 points3 points 18 hours ago (0 children)
I'm a similar spot, I'm learning alot but it can be very overwhelming
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[–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 1 point2
points3 points 1 day ago (3 children)
Most people will embrace them just because of convinience
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[–]kirtash93The Ash Ketchum of Crypto | Gotta Catch 'Em All 3 points4
points5 points 1 day ago (1 child)
Indeed. PayPal has already the base and infrastructure worldwide so if
they decide to add it, people will use it without thinking twice.
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[–]alinungur2 - 3 years account age. -25 - 25 comment karma. 1 point2
points3 points 21 hours ago (0 children)
And them using it will drive crypto adoption!
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[–]Squirrel_McNutzBronze | 2 months old | QC: CC 19 0 points1 point2
points 1 day ago (0 children)
You mean conevenience?
Nice cone Lilica, glad to have another legend!
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[–]Every_Hunt_160Platinum | QC: CC 672 | r/SSB 10 0 points1 point2
points 1 day ago (0 children)
I think more people here engage with SpaceFi with Moons than DeFi
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[–]Pristine_Spinach8718Stargazing 0 points1 point2 points 1 day ago* (1 child)
I don’t fully blame them, DeFi should be a bit more user-friendly.
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[–]Beechbone22Platinum | QC: CC 203 | r/CMS 6 -1 points0 points1 point
1 day ago (0 children)
The UX is a tax on the lazy and the stupid.
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[–]ripple_mcgeePlatinum | QC: CC 44 | CRO 19 | ExchSubs 19 0 points1
point2 points 16 hours ago (0 children)
The smart contract OP is looking at isn't even the real PYUSD...it's a
scam that's already been rugged.
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[–]Oldz88RzTin 2 points3 points4 points 1 day ago (1 child)
Oh no it’s Scott Steiner Math time. https://youtu.be/3G07NZs2v18
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[–]Every_Hunt_160Platinum | QC: CC 672 | r/SSB 10 2 points3 points4
points 1 day ago (0 children)
FIRST, you add 25% of the dumb apes who don't understand USDT, and
another 25% who don't understand USDC
THEN, You add the 50% and 50% and your chances of understanding
Paypal's stablecoin DRASTICALLY GO DOWN!
You see cc/sub, y'all Apes have a 101% chance of not understanding
Paypal's stablecoin! Because I'm a genetic freak, and I only shoot
Moons baby!
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[–]Complex-Ad2035Platinum | QC: CC 299, DOGE 55 0 points1 point2
points 1 day ago (0 children)
50% is a very generous number
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[–]UncleFatty_Tin 0 points1 point2 points 1 day ago (0 children)
The real miracle in crypto is UsdT still being around.
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[–]nombresinhombrePlatinum | QC: CC 87 | ADA 22 0 points1 point2
points 1 day ago (0 children)
90%
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[–]QuartzPuffyStarTin | Privacy 10 0 points1 point2 points 14 hours
ago (0 children)
I'm at least 50% and can confirm this.
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[–]Pr0MeisterTin 5 points6 points7 points 1 day ago (4 children)
That is a very optimistic percentage, my good sir/madam.
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[–]meeleen223Moons = Magic Internet Money Vol. 2 5 points6 points7
points 1 day ago (1 child)
Try 90% and we can debate
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[–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 1 point2
points3 points 1 day ago (0 children)
90% still doesn't look enough
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[–]DrakoolyaBronze | QC: CC 16 | SysAdmin 31 0 points1 point2 points 1
day ago (1 child)
*Tips Fedora
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[–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 0 points1
point2 points 1 day ago (0 children)
*1500 moons fall out from under the fedora scattering like Sonic the
Hedgehog rings.
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[–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 1 point2
points3 points 1 day ago (0 children)
Narrator: "They didn't."
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[–]nmolanogPlatinum | QC: ETH 18 | MiningSubs 30 0 points1 point2
points 1 day ago (0 children)
I was one of the until now.
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[–]ohioYax 0 points1 point2 points 1 day ago (0 children)
I don't think people understand the difference between decentralized
and centralized. They assume crypto rails implies decentralization and
it doesn't, and shouldn't.
It's fine if there are centralized projects on crypto. There will be
so many if we get adoption.
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[–]chuloredditPlatinum | QC: CC 126 | BANANO 10 0 points1 point2
points 1 day ago (0 children)
The other 60% don't have a mind
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[–]IrishDicedPlatinum | QC: CC 31 | SHIB 24 | r/WSB 11 0 points1
point2 points 1 day ago (0 children)
I heard 50% statistics are completely wrong 🤔
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[–]CCNightcoreBronze | Science 11 0 points1 point2 points 1 day ago (0 children)
I'll admit it. I had no idea usdt and usdc could do that.
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[–]Resident-Coyote9339Tin | CC critic 0 points1 point2 points 1 day
ago (0 children)
I didn’t even know. Thanks for the information.
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[–]staffellSilver | QC: CC 122 | r/CMS 16 | Politics 12 0 points1
point2 points 16 hours ago (0 children)
To keep it in mind would suggest they knew it in the first place...
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[–]bleakjHe who buys the highest 0 points1 point2 points 14 hours ago
(0 children)
I don't even have 50% of a mind
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[–]CONSOLE_LOAD_LETTERPlatinum | QC: CC 562 44 points45 points46
points 1 day ago (14 children)
Here is proof.
USDT: 918 banned addresses
USDC: 174 banned addresses
Saying that though, PayPal has a truly terrible track record and
reputation with respect to freezing/banning accounts for arbitrary
reasons and also often mistakenly. So while people should be aware
USDT and USDC are not completely trustless, they should also be aware
that PayPal is probably going to be utilizing their controls much more
often.
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[–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 20 points21
points22 points 1 day ago (11 children)
PayPal is such a shitty company with shitty policies overall.
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[–]telechefTin 4 points5 points6 points 1 day ago (1 child)
I wouldn't even trust them with my fiat. Staying well clear of this one.
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[–]Squirrel_McNutzBronze | 2 months old | QC: CC 19 2 points3 points4
points 1 day ago (0 children)
Same here - PayPal can be pretty damn shady. Also the fees are fucked
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[–]CONSOLE_LOAD_LETTERPlatinum | QC: CC 562 3 points4 points5 points 1
day ago (6 children)
For real. Actually, dealing with PayPal headaches is one of the
reasons why I started looking into crypto in the first place many
years back.
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[–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 2 points3
points4 points 1 day ago (0 children)
head on, apply directly to the forehead.
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[–]lordofming-risesSilver | QC: CC 468 | CRO 70 | Superstonk 237 1
point2 points3 points 1 day ago (0 children)
Circle is full now...
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[–]lotofpic 2 points3 points4 points 1 day ago (2 children)
I have been using Paypal for many years and never had a problem so far!
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[–]james2020chrisTin | Politics 89 1 point2 points3 points 19 hours
ago (1 child)
Just wait until you have a problem, and find out how impossible it is
to get it fixed.
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[–]Fantastic_Foot_8568Tin 0 points1 point2 points 13 hours ago (0 children)
I had some bitch try reverse a payment 11 months after she clearly
received the brand new iPhone 14 pro still sealed in plastic, money
had been sitting in my account since when got notification my account
was froze. Contacted PayPal directly, as bad as I wanted to confront
the con artist. Think it took 2 days before account was unfroze and
funds available again and never had to interact with that POS tryna
get a brand new iPhone free on my tab. Was slightly worried since had
good amount in savings earning 4.3%apy but took correct steps and
PayPal was on top of it.
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[–]Every_Hunt_160Platinum | QC: CC 672 | r/SSB 10 0 points1 point2
points 1 day ago (0 children)
Now it comes full circle with PayPal trying to take over the crypto space lmao
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[–]Maximum_Sign2804 1 point2 points3 points 1 day ago (0 children)
Totally agree on that!
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[–]RayesFrostTin 1 point2 points3 points 1 day ago (0 children)
Luckily I don’t use PayPal for anything. FUCK PAYPAL
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[–]visual_overflowTin 0 points1 point2 points 1 day ago (0 children)
TIL. Also wow this dude had $20M frozen
https://etherscan.io/tx/0x2675aaf5db84f9f966c431ff82f2173d3251020b11b4939b4…
That scammer must be furious lmao
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[–]DeeyennayPlatinum | QC: CC 670 15 points16 points17 points 1 day
ago (3 children)
They have to for regulatory purposes. No government is going to be OK
with a completely trustless decentralized currency.
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[–]nmolanogPlatinum | QC: ETH 18 | MiningSubs 30 9 points10 points11
points 1 day ago (2 children)
El Salvador wants a word with you
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[–]Mothrahlurker 0 points1 point2 points 21 hours ago (0 children)
El Salvador has a lot of control through their Chivo wallet which they
want everyone to use.
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[–]corn-potageBronze | 5 months old 0 points1 point2 points 5 hours
ago (0 children)
They're using custodial, KYC Lightning Network service for Bitcoin,
because non-custodial LN has horrible UX. Strike? Also custodial and
KYCd.
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[–]Disastrous_Cobbler13 4 points5 points6 points 1 day ago (9 children)
Are there any stablecoins that cannot?
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[–]HoldOnDearLifeSilver | QC: BTC 18 | ADA 58 | Politics 10 1 point2
points3 points 1 day ago (2 children)
iUSD and Djed come to mind.
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[–]kogmaaBronze | QC: CC 18 | ADA 298 1 point2 points3 points 1 day
ago (0 children)
Yup. Not much liquidity yet unfortunately. They’d deserve more love.
On the other hand this clearly shows how also algorithmic stable coins
can cope with such circumstances. Since the Luna debacle they don’t
have the best reputation in this sub, but that only showed the logic
flaws for that one stable.
The design of DJED is based on the older SigmaUSD of Ergo and that in
turn has been around quite a while and proved to be stable even in
extreme conditions.
So there’s a point for trustless, algorithmic stables, though they are
not without their own issues. For example the backing coin of DJED
doesn’t seem to quite have the right risk/reward ratio yet; it’s also
tied to issuer Coti for minting.
Anyway I’d like to see such projects evolve and thrive, rather than
some centralized company coin as heartening as that may be as far as
adoption is concerned.
Edit: typos, additional info
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[–]Beechbone22Platinum | QC: CC 203 | r/CMS 6 0 points1 point2 points
1 day ago (0 children)
Really, those are the stables you think of? Not for example DAI, FRAX or LUSD?
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[+][deleted] 1 day ago (3 children)
[deleted]
[–]DMCarter_Platinum | QC: CC 39 1 point2 points3 points 1 day ago (0 children)
DAI itself can't, but some of its reserves can since its reserves have USDC.
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[–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 0 points1
point2 points 1 day ago (0 children)
I thought dai all can
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[–]jekpopulous2Silver | QC: CC 49, SOL 22, ETH 38 | NANO 19 |
TraderSubs 18 1 point2 points3 points 1 day ago (0 children)
Most CDPs (DAI, MIM, crvUSD, etc…) use non-upgradable contracts and
the tokens can’t be frozen.
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[–]GBR2021Bronze | QC: CC 24 1 point2 points3 points 23 hours ago (0 children)
DAI and FRAX
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[–]marsangelo 6 points7 points8 points 1 day ago (7 children)
Yeah i saw this too. Unfortunately commonly used code between stablecoins
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[–]Honeynel 8 points9 points10 points 1 day ago (5 children)
And CBDCs will be much, much worse.
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[–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 3 points4
points5 points 1 day ago (4 children)
And sadly most people have literally no idea how bad they will be.
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[–]CryptizardAcademic Cryptographer 0 points1 point2 points 1 day ago
(3 children)
...because they don't exist yet.
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[–]NateNate60Platinum | QC: BTC 21 | LegalAdvice 206 0 points1 point2
points 16 hours ago (2 children)
This is not correct. I'm currently in China and I already saw some
posters advertising the Digital Yuan stuck around Shenzhen.
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[–]CryptizardAcademic Cryptographer 0 points1 point2 points 15 hours
ago (1 child)
There doesn't seem to be any technical information, in English at
least, about how it works. Curious to know if it is as bad as people
expected.
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[–]NateNate60Platinum | QC: BTC 21 | LegalAdvice 206 0 points1 point2
points 4 hours ago (0 children)
It's basically a Government-run PayPal. People already widely use
mobile payment in China so it is really nothing special. The
Government can already order payment processors to deliver customer
data on demand and suspend accounts so this new system is viewed as an
improvement by most Chinese people because it's just the same as what
they have now, but Government-run.
Technology-wise, it is nothing terribly sophisticated. You scan a QR
code to pay, others scan your QR code to pay you. It is a centralised
system.
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[–]ripple_mcgeePlatinum | QC: CC 44 | CRO 19 | ExchSubs 19 0 points1
point2 points 1 day ago (0 children)
Link to contract OP posted is a scam and code is common for scam
tokens...unless 3,000,000 PYUSD is currently worth 0.06 ETH, it's a
scam token and anyone buying is or has already been rugged.
Example trade on uniswap
https://etherscan.io/tx/0xbd0f1d6f4f9cc79e9ab788a6a1b210acf2d6f54bba0c218a9…
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[–]Reeferologist-Tin 2 points3 points4 points 1 day ago (2 children)
Wasn’t Tether involved in some pretty shady shit a couple of years
ago? I can’t remember exactly what it was, but made a mental note to
stay away from USDT.
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[–]CleynnTin 3 points4 points5 points 1 day ago (0 children)
They print billions out of thin air periodically, then go with the
good ol'trust me we have backing funds for every penny.
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[–]wayfarer8888Tin 0 points1 point2 points 18 hours ago (0 children)
Their financial audits were not trustworthy and they issued debt from
affiliates, basically lending to themselves. In a high interest
environment a stable coin issuer should be doing very well because the
dollars they hold return 4-5%, which more than covers any costs. It
should be an extremely lucrative business: you issue 1 USD coin which
gets swapped for some other crypto which could make you money
(lending, farming, increase in value), but still hold the underlying 1
US$ which bears interest for you. Technically you still control the
Fiat and USDT, USDC etc. are only IOUs. It's brilliant.
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[–]BearishVsBullish 4 points5 points6 points 1 day ago (3 children)
Amongst the reasons why I stay as far away from them as I can
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[–]swap_catz 5 points6 points7 points 1 day ago (2 children)
Ohm. Rai. Nuon.
Lots of flex tokens that are not bank deposit wrapper coins. The
problem is crypto people don't want that. They want a lottery ticket
and riches in fiat.
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[–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 2 points3
points4 points 1 day ago (0 children)
True, and it is fair to say most of us joined crypto with this exact mentality
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[–]BearishVsBullish 0 points1 point2 points 23 hours ago (0 children)
I stick to the basic chains and mcaps, can you clarify what you meant
by flex tokens?
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[–]kingh242Tin 1 point2 points3 points 1 day ago (0 children)
I was hoping this comment would float to the top.
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[–]GBR2021Bronze | QC: CC 24 1 point2 points3 points 23 hours ago (0 children)
No worries, redditors surely know about trustless stables such as DAI
and FRAX, right? Right?
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[–]fiscallyCompete 1 point2 points3 points 22 hours ago (0 children)
Yeah these are the best ever.
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[–]BaecchusPlatinum | QC: CC 541 | r/WSB 11 3 points4 points5 points 1
day ago (0 children)
Yeah we don't need to go looking for PayPal. Two biggest stablecoins
are just as bad.
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[–]pb__ 2 points3 points4 points 1 day ago (0 children)
Not only can, but do.
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[–]BrainTotalitarianism 0 points1 point2 points 1 day ago (0 children)
Good to know, can Atom do the same?
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[–]Odysseus_Lannister 0 points1 point2 points 1 day ago (0 children)
Big oof
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[–]Transgroomers99 -1 points0 points1 point 1 day ago (0 children)
They can freeze accounts but they cannot burn the coins in them.
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[–]Gr8WallofChinatownTin | Economics 11 -1 points0 points1 point 18
hours ago (1 child)
And ethereum
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[–]seb7mad -1 points0 points1 point 18 hours ago (0 children)
That’s not true. ERC-20s can do that because they’re smart contracts
that can have said functionality coded in. ETH is the native token of
Ethereum and most L2s, and is not programmable
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[–]HoldOnDearLifeSilver | QC: BTC 18 | ADA 58 | Politics 10 -2
points-1 points0 points 1 day ago (1 child)
Oh really? You got a source on that? I did not know that and I don't
want to trust a random redditor.
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[–]Jesta23Tin | r/WSB 43 0 points1 point2 points 1 day ago (0 children)
He literally gave you a link to the code.
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[–]-chaotic_randomness- 0 points1 point2 points 1 day ago (0 children)
Now that I know I will keep in mind. Thanks for the advice!
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[–]WiseSilverWolfTin | CRO 27 | ExchSubs 27 0 points1 point2 points 1
day ago (0 children)
Keep in mind that USDC and USDT can do the exact same things
Not on all blockchains though, I tried to get Tether to recover some
funds for me on KCC the other day and they told me they couldn't
because they don't issue USDT on KCC.
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[–]cyberfugue 0 points1 point2 points 1 day ago (0 children)
I admit that I didn’t realize that. Definitely something that everyone
needs to keep in mind.
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[–]WargizmoPlatinum | QC: CC 1529 | x1x1 0 points1 point2 points 1 day
ago (0 children)
As can PayPal with your fiat already
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[–]DrShakezGold | QC: CC 30 0 points1 point2 points 1 day ago (0 children)
Good point, but that just makes me hate all of them.
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[–]borg_6s 0 points1 point2 points 1 day ago (0 children)
So this is basically ShitUSD(TM)
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[–]dankeykang4200 0 points1 point2 points 1 day ago (0 children)
People still gonna fuck with it though cuz they don't know better
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[–]Real-Technician831Tin | 5 months old 0 points1 point2 points 1 day
ago (0 children)
Yeah, but this is PayPal, they are known to be very unfair and
basically impose to appeal to.
Stealing from customers is a profit item for them.
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[–]Flying_KoeksisterCrypto Enthusiast | x3 x1x1 0 points1 point2
points 1 day ago (0 children)
After enough hacks I think people might even want this one day.
Of course it does go against the spirit of decentralisation and trustlessness
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[–]AraneckTin 0 points1 point2 points 1 day ago (0 children)
A trully decentralized stable coin
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[–]To_The_M000NTin 0 points1 point2 points 1 day ago (0 children)
I had no idea they could do this. Does most of the stable coins have
the same functions? As in freezing and burning tokens
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[–]beyourownsunshineGuess I’ll just stick to BTC 0 points1 point2
points 23 hours ago (0 children)
This is the kind of information people should include in the OP.
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[–]K4kkaTin 0 points1 point2 points 21 hours ago (0 children)
thank you good sir. i just came here to say the same.
and now i am gone again till there is a small rally
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[–]dirpydipBronze 0 points1 point2 points 19 hours ago (0 children)
Hate to see more centralized stable coins making their way into this space...
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[–]FalloutAssasin 0 points1 point2 points 16 hours ago (0 children)
The compliant version of crypto. I guess it's a necessary evil for
real mass adoption 😔
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[–]AdZealousideal3461 0 points1 point2 points 15 hours ago (0 children)
Yea thats right
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[–]Agile_Ad_7061 0 points1 point2 points 11 hours ago (0 children)
Exactly🙂
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[–]Ur_mothers_keeper 0 points1 point2 points 11 hours ago (0 children)
Dude why would anyone use anything other than DAI.
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[–]xxXTECHxx 0 points1 point2 points 9 hours ago (0 children)
Yes. But the little actual difference is they're not known to froze
and delete axcourns they don't like. At least.
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[–]ominous_anenomeccmoons dev 81 points82 points83 points 1 day ago
(17 children)
Given PayPal’s ability to freeze your fiat funds, I don’t see why
anyone would expect them to be different with their own crypto
“Adoption” at the price of centralization I guess
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[–]Kindly-Wolf6919 23 points24 points25 points 1 day ago (4 children)
Funds are SAFU until it's not.
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[–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 7 points8
points9 points 1 day ago (1 child)
It is as if PayPal was launching their own CBDC
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[–]Squirrel_McNutzBronze | 2 months old | QC: CC 19 1 point2 points3
points 1 day ago (0 children)
They’re probably hoping to become that tbh
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[–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 2 points3
points4 points 1 day ago (0 children)
SAFU is a little to close to Snafu for me when it comes to freezing funds
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[–]darwinlovestreesMay your gains be sick and your Lambo be soon 0
points1 point2 points 10 hours ago (0 children)
SafePal to the moon! 🚀🚀🚀
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[–]forceworksTin 9 points10 points11 points 1 day ago (1 child)
Trust and PayPal are not words that go together
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[–]deathbyfish13Free Range Moon Farmer 2 points3 points4 points 1 day
ago (0 children)
They're basically an oxymoron
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[–]zenhodl 4 points5 points6 points 1 day ago (0 children)
I want adoption but I'd rather stay in the foster home over going with PayPal
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[–]ASingleGuitarString 1 point2 points3 points 1 day ago (0 children)
There is no other way that crypto can be mass adopted. Even now a lot
of crypto is centralized.
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[–]Pr0MeisterTin 0 points1 point2 points 1 day ago (0 children)
It was always going to be like that. Widespread adoption means large,
established entities offering crypto services, and they are unlikely
to offer fully decentralized options.
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[–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 0 points1
point2 points 1 day ago (0 children)
PayPal: "pull over, that ass is too fiat"
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[–]Slippytoe[🍰] 0 points1 point2 points 1 day ago (0 children)
It makes it easier for entry to the game I suppose. I suspect most
will educate themselves and move on to a more decentralised holding
shortly after.
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[–]dirpydipBronze 0 points1 point2 points 19 hours ago (0 children)
I rather the slow and steady adoption without all of these centralized
corrupt approaches
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[–]paulosdubSilver | QC: CC 127, BTC 52, CM 36 | ADA 35 | TraderSubs
36 0 points1 point2 points 18 hours ago (0 children)
100% this. I can’t think of any possible reason i’d want to leave my
money on a crypto controlled by paypal. Staking rewards maybe? Who
knows. Would need to be massive benefits though
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[–]ArcosimSilver | QC: CC 51 | VET 22 | Technology 39 0 points1 point2
points 15 hours ago (0 children)
PayPal also freezes your account "just in case" many times, and then
you have to spend an entire week talking with their support to get
your assets unfrozen. If you experienced that with PayPal in the past
you'll understand why I'm not planning to use anything controlled.
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[–]Berodur 36 points37 points38 points 1 day ago (4 children)
I think stable coins shouldn't really be thought of as crypto in the
typical sense in terms of decentralization. They are basically just
fiat dollars but with the ability to interact with block chains more
easily.
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[–]WubbywubPlatinum | QC: CC 96 | ADA 7 -5 points-4 points-3 points 1
day ago* (1 child)
but that is the very definition of crypto
edit: seems like people dont understand the nuance
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[–]AlphaDolby 0 points1 point2 points 18 hours ago (0 children)
Nuts you got so many downvotes. What do they think they are doing?
They are not even transacting crypto with value. They are transacting
at best with fiat which used to be transacted with value before the
closing of the gold window. So funny, man, so funny.
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[–]BuydipstothemoonPlatinum | QC: CC 32 | ADA 18 0 points1 point2
points 1 day ago (0 children)
Agree. In some countries it's good for tax evasion. That's all.
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[–]Stiltzkinn 0 points1 point2 points 13 hours ago (0 children)
Stablecoins should not be used to hodl.
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[–]robbie5643Platinum | QC: CC 77 41 points42 points43 points 1 day
ago (12 children)
Everyone hates things like this till someone scams/honey pots them,
then it’s “what do you mean you can’t recover my coins!!”.
Stablecoins are for quick transactions anyways, you can get rid of
most of the risk here by just not holding them lol.
Edit: Not that this isn’t a good call out, just something that isn’t
inherently bad.
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[–]Avoidlol 5 points6 points7 points 1 day ago (6 children)
Sure, but what's the point of this stablecoin then? Just seems like
another asset they have even more power over.
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[–]DrakoolyaBronze | QC: CC 16 | SysAdmin 31 9 points10 points11
points 1 day ago (0 children)
The primary purpose of the stablecoin is to provide a 1:1 to a
currency of your choice. You are dreaming if you think any legitimate
regulated organization will ever offer a truly decentralized offering.
It's like asking facebook to be censorship free.
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[–]SpeedoCheetoTin | Superstonk 120 0 points1 point2 points 1 day ago
(0 children)
IDK how the same policies applying to their stable as fiat is a power move
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[–]wayfarer8888Tin 0 points1 point2 points 18 hours ago (2 children)
It's bankruptcy protected, with pyUSD you are holding an asset that is
yours because of regulation. USDC and USDT are only IOUs, when SHTF
you line up as a creditor.
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[–]Avoidlol 0 points1 point2 points 18 hours ago (1 child)
that is yours because of regulation.
I'm sorry, but isn't that the kind of words that helped cause the mess
which crypto aims to fix?
You'd still need to trust a single entity, it's not about laws and
regulation, as we've seen time and time again, those who make the
laws; do not follow them.
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[–]wayfarer8888Tin -1 points0 points1 point 17 hours ago (0 children)
Short answer: No.
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[–]Crunchious1 1 point2 points3 points 1 day ago (0 children)
You mean people only like things when it benefits them? Shocker!
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[–]Kindly-Wolf6919 0 points1 point2 points 1 day ago (0 children)
Once you're not a bad actor then this shouldn't be particularly
concerning. Still, no one would want to know their money can be taken
away in a heartbeat.
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[–]zenhodl -1 points0 points1 point 1 day ago (1 child)
What if PayPal or a government agency they no doubt feed data to
decides that something you said couldn't be tolerated and they imposed
a fine, but didn't tell you, only for you to find out about it when
you deposit some money to make a "quick transaction" and a withdrawal
is triggered?
PayPal already toyed with the idea of taking people's money out of
their accounts if they had controversial opinions only to walk it back
after public outrage
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[–]robbie5643Platinum | QC: CC 77 3 points4 points5 points 1 day ago
(0 children)
I mean they did walk it back after public outrage, so that’s a good
thing. They already tried that and failed miserably. The crypto market
would be even more outraged about that, and they would immediately
start a massive run on their stablecoin. I highly doubt it would
survive even the first documented case of that, it would be crypto
suicide.
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[–]NotReallyYouPunk 0 points1 point2 points 23 hours ago (0 children)
True true. Crypto can't be reversed. Crypto bad bad bad.
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[–]uniquecuriousmeTin 2 points3 points4 points 1 day ago (2 children)
Paypal is no one's friend. No, just no!
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[–]ThorKruger117 2 points3 points4 points 1 day ago (1 child)
What’s bad about PayPal?
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[–]uniquecuriousmeTin 1 point2 points3 points 1 day ago (0 children)
I've watched Paypal destroy merchants, hold their funds without good
reason for months, cancel good orders with no intervention from the
merchant, and there is no direct actionable support. Paypal is not
FDIC insured but that is moot as we are talking about crypto. I and
many others do not trust them, They have proven to be heavy handed,
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[–]MbuguBronze 2 points3 points4 points 1 day ago (0 children)
Seems to me a necessary evil.
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[–]wee_dLow Crypto Activity | 6 months old 2 points3 points4 points 1
day ago (0 children)
Make 1984 fiction again.
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[–]PessoaHeteronimoTin 2 points3 points4 points 1 day ago (0 children)
A preview of what CBDC Will be
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[–]hellosamaira 2 points3 points4 points 1 day ago (0 children)
I will never trust PayPal.
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[–]eetaylogPlatinum | QC: CC 748 | VET 7 2 points3 points4 points 23
hours ago (0 children)
Fuck Paypal.
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[–]BrocoliAssassin 2 points3 points4 points 14 hours ago (0 children)
This was to be expected with Paypal.
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[–]tambaybtc 5 points6 points7 points 1 day ago (3 children)
PayPal has created a CBDC stable where that can exactly do what
Countries are planning to do with CBDC 🤨
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[–]lorenzomofoTin | CC critic 0 points1 point2 points 1 day ago (0 children)
Still waiting to see if PayPal charges money to do transfers using
their stablecoin.
I’m pretty sure real CBDCs owned by countries won’t charge to do
transfers otherwise they would be dead on arrival.
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[–]TheNewl0gicTin 0 points1 point2 points 19 hours ago (0 children)
CBDCs
If countries force the use of theirs CBDC that will fuck crypto and
things like Paypal is doing, right ?
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[–]-raiwist 4 points5 points6 points 1 day ago (2 children)
they want to be involved with cryptocurrency but want to strip it of
its main selling points, genius
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[–]InsaneMcFriesPlatinum | QC: CC 256 0 points1 point2 points 1 day
ago (0 children)
The makings of a Centralised Institutional Digital Currency, an awful
love child of the CBDC
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[–]ThrowawayHoper 0 points1 point2 points 1 day ago (0 children)
Sounds like late stage capitalism tbh
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[–]zoomercoomer9000 5 points6 points7 points 1 day ago* (0 children)
Yeah, I'm going to assume NYDFS requires stablecoins to have a freeze
function for standard AML compliance, as part of their BitLicense
program. I doubt an American company like Paypal would be permitted to
issue the stablecoin otherwise.
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[–]Popular_District9072Tin | CRO 9 1 point2 points3 points 1 day ago (1 child)
I remember reading mixed feedback about crypto purchases through
PayPal - in mass people weren't too happy, so I'm going to pass, but
will keep an eye on its development
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[–]AdZealousideal3461 0 points1 point2 points 15 hours ago (0 children)
Ideally, mee too just spectating it and waiting for riggt maturity!
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[–]GrimeWizardPlatinum | QC: CC 193 1 point2 points3 points 1 day ago (1 child)
This is what adoption by centralized authorities will always look
like. Nobody should expect any different
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[–]AdZealousideal3461 0 points1 point2 points 15 hours ago (0 children)
Exactly! Thats what name even implies isnt it!
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[–]RuneW007Tin 1 point2 points3 points 1 day ago (1 child)
Didn’t PayPal already do this with normal funds, I don’t trust them
and I won’t use them.
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[–]AdZealousideal3461 0 points1 point2 points 15 hours ago (0 children)
They are perfect regular bankers! Less suitable for Crypto!
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[–]zippy1979 1 point2 points3 points 1 day ago (1 child)
Just like regular Paypal then
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[–]AdZealousideal3461 0 points1 point2 points 15 hours ago (0 children)
Yeap no difference and not suitable to crypto world!
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[–]Jester-Black-9999 1 point2 points3 points 1 day ago (0 children)
This company can do all of these things with every paypal account now,
with USD. What is the point in even owning a stable coin, especially
tied to a company with a horrendous track record of managing customer
funds.
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[–]LilDandyy 1 point2 points3 points 1 day ago (0 children)
And GL reaching Paypal costumer service if they freeze your account...
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[–]silveycorp 1 point2 points3 points 1 day ago* (0 children)
PayPal was at the forefront of the trucker bank freeze in Canada. And
then they added the user agreement portion about cancelling your
account based on your social actions.
Would you expect them not to do this with a stable? I love crypto, I
believe in it as a tool of freedom, but unfortunately stables only
leave us “tethered” and chained to the old financial system we want to
escape. I’m no Bitcoin maxi but it seems clear it’s the only currency
real freedom can be achieved with. The “alt coins” are the replacement
for banks and BTC is the currency that makes it happen.
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[–]SirArthurPTPlatinum 1 point2 points3 points 1 day ago (0 children)
A company that can freeze your account based upon your personal
opinions, what can go wrong?
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[–]tyedyegregTin 1 point2 points3 points 1 day ago (0 children)
How could you have not seen that coming? This is just the blueprint
for for the US CDBC, which will do the same and way more damaging
things to privacy.
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[–]RunsOnJava98 1 point2 points3 points 1 day ago (0 children)
Damn stablecoins are a lot more sus than I realized. I haven’t used
them yet, but I better read up on them a bit more.
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[–]yondercodePlatinum | QC: CC 16 | Buttcoin 8 | Economics 19 1 point2
points3 points 1 day ago (1 child)
Fuck this dumb ass fear around PayPal USD
Literally USDC and USDT can do the same and you will be glad that the
function fucking exists when a protocol get exploited or you got
scammed lmaooo
Unless you're not a criminal literally what's your fear? Even if you
are just quickly swap to ETH and clean your ass in Tornado or
something
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[–]Sideboard81Platinum | QC: CC 76 1 point2 points3 points 1 day ago (1 child)
I stopped using PayPal a long time ago, and will never go back.
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[–]AdZealousideal3461 0 points1 point2 points 15 hours ago (0 children)
I use for regular txns but big no for Crypto Bro.
Their support is real sucker and dont give shit to genuine customers.
So i would expect more ahit to Crypto from them
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[–]partymslPlatinum | QC: CC 702 | r/WSB 16 1 point2 points3 points 1
day ago (0 children)
This is to the surprise of ABSOLUTELY no one.
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[–]Background-Ad-2102Tin 2 points3 points4 points 1 day ago (2 children)
Paypal has done a lot of shady stuff as a company, so this does not
surprise me. I’ll stick with BTC and hodl.
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[–]bananafannaphofannaTin 0 points1 point2 points 1 day ago (0 children)
Me too
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[–]twholstPlatinum | QC: CC 58 1 point2 points3 points 1 day ago (0 children)
I will never trust this company to do anything truly beneficial to end
users in this space. Everything will be way too centralized for that
to ever happen.
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[–]defiCosmos 1 point2 points3 points 1 day ago (1 child)
They can already do all that without a stablecoin. I've got money
frozen on PayPal from 2009 that I will never get back. They just took
it, have not used them since.
PayPal sucks anyway.
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[–]Shiratori-3 1 point2 points3 points 1 day ago (0 children)
I personally went a bit sour on Paypal after they pulled the WikiLeaks stuff
https://www.wired.com/2010/12/paypal-wikileaks/
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[–]Renanr_c 1 point2 points3 points 1 day ago (0 children)
They are not a decentralised entity, so i would believe they need the
control over all this.. so its kind of expected.
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[–]Probably_notabotTin | CC critic 1 point2 points3 points 1 day ago (1 child)
Damn, they really went for full control on their first roll out huh?
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[–]AdZealousideal3461 1 point2 points3 points 15 hours ago (0 children)
Exactly! Daamn scary cex!
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[–]JonartiTin 1 point2 points3 points 1 day ago (0 children)
My stable coin is BTC and ETH
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[–]QptimisedTin 1 point2 points3 points 1 day ago (2 children)
For something as centralized as this stablecoin, it's weird that they
have their whole source code openly available. Or is this normal?
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[–]samer109 2 points3 points4 points 1 day ago (0 children)
A CBDC was recently released by a country's bank (forgot which one
maybe brasil?) and we could also see their source code..
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[–]leaflavaplanetmossBronze | Technology 12 2 points3 points4 points 1
day ago* (0 children)
PYUSD is a Solidity contract on Ethereum. Once the smart contract is
published on the blockchain, the contract's bytecode (which is what is
generated when you compile the original Solidity source and publish it
to the blockchain) is publicly available because its the bytecode is
what the Ethereum Virtual Machine runs when the contract's functions
are called by a transaction. In many cases, the source can be
decompiled back into a close approximation of the original Solidity
source code, e.g. https://etherscan.io/bytecode-decompiler.
Most projects will make their actual contract source code public on
Github and / or on block explorers however, which is what PayPal did.
You can tell because the source code for the contract address is not
only available on Etherscan but it's also verified, which means that
PayPal uploaded the source to Etherscan and the source code, when
compiled, matches the compiled bytecode for that address on the
blockchain: https://etherscan.io/address/0xe17b8adf8e46b15f3f9ab4bb9e3b6e31db09126e#code
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[–]WeaselJCDTin | Superstonk 25 1 point2 points3 points 1 day ago (1 child)
These guys (the system) wil get crypto adopted and then pull this
bullshit and people will say, "f*ck, I should have gone with BTC or
<insert next best altcoin> instead"
and this is how we get mass adoption
mark my words!
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[–]Most_Being_4002 0 points1 point2 points 1 day ago (0 children)
I believe you,also i think CBDC can help to mass adoption,too.its
little paradox,but possible.
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[–]ToshiSat 1 point2 points3 points 1 day ago (1 child)
I knew PayPal would try to fuck people over, it was obvious
Their stock is going down since the last years, I hope they burn tbh
We need to make them irrelevant, crypto has the power to do that. Real crypto
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[–]GeolinearI wished for this 0 points1 point2 points 1 day ago (0 children)
Don’t forget about eBay getting propped up here too. You’re right this
is just a coupon with fine print.
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[–]NuewimPlatinum | QC: CC 613, ETH 31 | TraderSubs 31 0 points1
point2 points 1 day ago (8 children)
Paypal executives read 1984 and they were like: "What a great idea if
we make stablecoin based on this book".
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[–]genjitenjiSilver | QC: CC 320 | NANO 91 0 points1 point2 points 1
day ago (2 children)
Shout out to Big Brother (please don’t disappear me)
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[–]ShadowKnight324 0 points1 point2 points 1 day ago (1 child)
Don't worry, you will be found after commiting suicide with 2 bullets
in the back of the head
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[–]deathbyfish13Free Range Moon Farmer 0 points1 point2 points 1 day
ago (0 children)
So tragic he had time to fire two shots at himself from behind
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[–]partymslPlatinum | QC: CC 702 | r/WSB 16 -1 points0 points1 point 1
day ago (1 child)
And Sam Altman (WLD founder) recommended them that book.
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[–]zenhodl 0 points1 point2 points 1 day ago (0 children)
Recommended? He wrote the forward..
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[–]GeolinearI wished for this 0 points1 point2 points 1 day ago (0 children)
It won’t be the last
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[–]The_Chorizo_BanditSilver | QC: CC 846, XRP 41 | TRX 28 0 points1
point2 points 1 day ago (0 children)
PayPal execs were like “How can we take our shitty, thieving platform
and make it work for crypto?”
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[–]thijsfcSilver | QC: CC 295 | NANO 35 0 points1 point2 points 1 day
ago (1 child)
This is the main reason that decentralisation is so important in the
crypto sphere.
Don’t want entities to control your funds.
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[–]Probably_notabotTin | CC critic 0 points1 point2 points 1 day ago
(0 children)
Use exchanges to exchange, then gtfo
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[–]NewOCLibraryReddit 0 points1 point2 points 1 day ago (1 child)
fake.. not paypal
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[–]ripple_mcgeePlatinum | QC: CC 44 | CRO 19 | ExchSubs 19 0 points1
point2 points 1 day ago (0 children)
This. The link OP posted is clearly to a fake PYUSD scam. What blows
my mind is how many people didn't know/bother to check.
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[–]StonedRexPlatinum | QC: CC 181 0 points1 point2 points 1 day ago (0 children)
In one hand I like it because it will make it a lot more difficult for
scammers, in other I'm worried that they have this much control over
our assets.
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[–]Roberto9410Platinum | QC: CC 831 0 points1 point2 points 1 day ago
(0 children)
PayPal hasn’t exactly been a champion of financial self sovereignty in
the past - they didn’t allow people to withdraw the crypto they bought
through them after all
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[–]DaemonTargaryen34 0 points1 point2 points 1 day ago (1 child)
Lmao centralization at its peak
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[–]AdZealousideal3461 0 points1 point2 points 15 hours ago (0 children)
Exactly! On one hand Cex are important for huge LP and other hand it
has so much power to jeopardize whole dex concept!
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[–]ACE415_Tin 0 points1 point2 points 1 day ago (2 children)
Hopefully nobody falls for this bs
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[–]ThrowawayHoper 0 points1 point2 points 1 day ago (0 children)
Oh you know they will man, it’s the circle of life at this point unfortunately
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[–]stephenph 0 points1 point2 points 1 day ago (0 children)
It is all in the marketing.... they will make it all nice and pretty
on the outside till they hook you into the ecosystem... Then BAM!!!
slam the door shut (and you haven't even pulled your fingers out
yet....)
Most people think it can never happen to them, that their ideas and
speech aren't THAT non mainstream. You hear it all the time on the
paypall forums.... "My non profit has a balance of 50K but not PayPal
is holding all my funds and accusing me of something (they wont even
tell me what)...."
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[–]The-Francois8Silver|QC:CC928,BTC178,ETH39|CelsiusNet.50|ExchSubs42
0 points1 point2 points 1 day ago (0 children)
The more you learn, the more you start to become a bitcoin maxi.
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[–]fiscallyCompete 0 points1 point2 points 22 hours ago (0 children)
PayPal is now becoming beast.
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[–]Antartica_To_GNZ11 -1 points0 points1 point 1 day ago* (0 children)
"... Paypal's new stablecoin has the ability to pause all transfers,
freeze addresses to prevent actions and also burn the tokens in the
frozen addresses."
- Great. Gonna use this with eBay straight away.
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[–]Antartica_To_GNZ11 -1 points0 points1 point 1 day ago (0 children)
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[–]FootballBat69Platinum | QC: CC 207 -1 points0 points1 point 1 day
ago (0 children)
A little bit of robinhood vibes.
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[–]UpperVoltTin -1 points0 points1 point 22 hours ago (0 children)
Just as USDT and USDC. I dont see why the fuzz..
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[–]wylie2020Platinum | QC: DOGE 27 -1 points0 points1 point 22 hours
ago (0 children)
Y'all trying to turn a positive for crypto into a negitive by
emphasizing what all stable coins have the ability to do. SMH
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[–]SecondLovattTin -1 points0 points1 point 22 hours ago (0 children)
To be honest, as much as I hate PayPal, I'd rather stablecoins be
heavily regulated and have a semblance of control. They are to be used
as an adoption / way to get into the crypto space with ease. I have
never understood why anyone would keep any of these stablecoins
outside of them having a good APR.
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[–]bvandepolBanned 0 points1 point2 points 1 day ago (1 child)
1 🚩, 2 🚩 and that makes 3 🚩
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[–]Probably_notabotTin | CC critic 0 points1 point2 points 1 day ago
(0 children)
Damn. This comment looks a lot like my ex.
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[–]ClownishOyster 0 points1 point2 points 1 day ago (1 child)
This happens so often with these web2 companies creating tokens, they
need to have their control and have no regard for anything else. Good
catch and i'm sure news will spread fast to stay away
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[–]GeolinearI wished for this 0 points1 point2 points 1 day ago (0 children)
Wtf. They left clawback and freeze on?
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[–]risingcrow1o1 0 points1 point2 points 1 day ago (0 children)
Elon: “I don’t have any plans of making any crypto”
PayPal: “Hold my beer”
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[–]feline99 0 points1 point2 points 1 day ago (0 children)
Stuff like this will just keep creating more and more BTC maxis. Isn’t
one of the main points of cryptocurrencies decentralization/no central
authority?
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[–]The_Chorizo_BanditSilver | QC: CC 846, XRP 41 | TRX 28 0 points1
point2 points 1 day ago (0 children)
So… you’re saying I should invest? /s
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[–]RCALovah 0 points1 point2 points 1 day ago (0 children)
Just looking at the code. With all the freeze, burn or wipe on there.
I don't even need to understand it all, I'm not putting my money on it anymore
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[–]OriginalIllustrator5 0 points1 point2 points 1 day ago (0 children)
Sounds great and like nothing bad will happen
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[–]Final-Ad-6694Tin 0 points1 point2 points 1 day ago (0 children)
if it'll make you money, this sub wont care
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[–]sam2142Low Crypto Activity 0 points1 point2 points 1 day ago (0 children)
CBDC is in the corner taking notes.
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[–]LiveDirtyEatCleanTin | QC: BTC 20 | CC critic 0 points1 point2
points 1 day ago (0 children)
So its just paypal
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[–]Home_ImprovmentTin 0 points1 point2 points 1 day ago (0 children)
Is this good or bad?
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[–]FattestLion 0 points1 point2 points 1 day ago (0 children)
A preview of CBDCs lol
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[–]JeffreyDollarzTin 0 points1 point2 points 1 day ago (0 children)
So it's basically a CBDC pilot...
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[–]BearishVsBullish 0 points1 point2 points 1 day ago (0 children)
Seems just like another coin to stay away from then
I understand the value that stables play in the whole ecosystem but
man oh man, do I dread those things
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[–]Fourplyer80Tin 0 points1 point2 points 1 day ago (0 children)
Sounds about right!
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[–]OtherwiseTrya 0 points1 point2 points 1 day ago (0 children)
I wouldn't expect anything different from them. or any other large
companies. This is the norm now.
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[–]OutTopTin | 3 months old 0 points1 point2 points 1 day ago (0 children)
So does all other stable coins
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[–]elysiansaurusPlatinum | QC: CC 20 | CAKE 6 | r/WSB 286 0 points1
point2 points 1 day ago (0 children)
While this is shitty, like stated below USDC and USDT can do the same things.
It's not like Paypal is extra shitty, it's basically par for the
course for stablecoins.
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[–]DankOceanTin 0 points1 point2 points 1 day ago (0 children)
It’s more or less a CBDC just like USDC or USDT
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[–]mashiro1496Platinum | QC: CC 74 0 points1 point2 points 1 day ago
(0 children)
Well isn't that bad?
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[–]Citizen_KanoBronze | QC: CC 16 | r/WSB 22 0 points1 point2 points 1
day ago (0 children)
I'd trust SBF over PayPal. Pure scum
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[–]ibrawTin 0 points1 point2 points 1 day ago (0 children)
I wouldn't trust PayPal to hold fiat, let alone crypto.
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[–]Alarming_Associate47Tin 0 points1 point2 points 1 day ago (0 children)
I feel like this has the potential to be a huge step for adoption.
This basically means that any store that accepts PayPal payments now
also (indirectly) accepts Bitcoin, Ethereum and Litecoin payments.
Sure it comes at the cost of centralization but it‘d be the smoothest
way of finally spending my crypto on something.
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[–]fanriverDesire of one's dreams 0 points1 point2 points 1 day ago (0 children)
This Stablecoin Will Lower Adoption
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[–]Beandog095Tin | PennyStocks 16 0 points1 point2 points 1 day ago (0 children)
tbh their stable coin is probably backed as well.
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[–]rulesforrebels 0 points1 point2 points 1 day ago (0 children)
Of course it can its paypal. Better not wrong-headed or they'll tske
$2500 from you in crypto
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[–]Sir_Lagz_AlotPlatinum | QC: Coinbase 35 | CelsiusNet. 10 | ExchSubs
46 0 points1 point2 points 1 day ago (0 children)
You guys know the other top stablecoins do the exact same thing right?
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[–]dopef123Silver | QC: SOL 139, CC 109, ETH 61 | CAKE 41 | TraderSubs
56 0 points1 point2 points 1 day ago (0 children)
Honestly I think it’s a good thing to have options. If some
stablecoins can be clawed back in fraud that’s good.
Also having untouchable decentralized stablecoins is good.
I don’t think we need every token to be decentralized
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[–]nonameattachedforme 0 points1 point2 points 1 day ago (0 children)
Pretty much as expected, harvesting big data is the sad future of crypto.
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[–]SuprBestFriendsPlatinum | QC: CC 26 0 points1 point2 points 1 day
ago (0 children)
This is why most people should stay away from stables. Use dia if you
can but I understand it’s not feasible for everyone.
If your new stay away from stables. If your on chain use on chain
assets eg. ether. It’s the best way to hodl funds on chain.
Real world assets need a lot of work till they become stable and viable.
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[–]IcyLingonberry5007Bronze | QC: ALGO 20 0 points1 point2 points 1
day ago (0 children)
Freesze enabled.. Me no like that.
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[–]RealCFourTin | CRO 8 0 points1 point2 points 1 day ago (0 children)
PayPal being a house hold name well probably get my mom talking about
crypto again
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[–]0x1a3c3e7Platinum | QC: BTC 28 0 points1 point2 points 1 day ago (0 children)
What's the sales pitch? lol
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[–]lordchickenburgerMoon and bitcoin are me love 0 points1 point2
points 1 day ago (0 children)
yeah we see where this is going. any coin controlled by any
centralized party should be avoided at all costs
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[–]BigTex254Platinum | QC: CC 74 | CRO 6 0 points1 point2 points 1 day
ago (0 children)
I honestly didn’t even know people still used PayPal?
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[–]OnelinersandbluesPlatinum | QC: ETH 120 | TraderSubs 120 0 points1
point2 points 1 day ago (0 children)
Good publicity but we know better
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[–]FolsgaardSETin | Politics 17 0 points1 point2 points 1 day ago* (0 children)
Wait what does this have to do with Ethereum? IS this an actual coin
with a coin demon and wallet or just some shitty token, someone made 1
million of to trade like a NFT and call it "a coin".
Tokens are not coins, really wish this concept never polluted the
ecosystem and various blockchains.
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[–]Rick-CV2Tin 0 points1 point2 points 1 day ago (0 children)
PayPal are literally the last company you want to be able to delete
our money lmao
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[–]satoshi_oscar_wilde 0 points1 point2 points 1 day ago (0 children)
Interesting name... PISSD you say? Oh PYUSD...
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[–]Maleficent_Sound_919Tin 0 points1 point2 points 1 day ago (0 children)
So PayPal is also on the CBDC agenda, this is why Bitcoin is important!
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[–]elpikachar 0 points1 point2 points 1 day ago (0 children)
Just another clone… seen a meme about adding headaches on bird app too
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[–]Tribalboi69Bronze 0 points1 point2 points 1 day ago (0 children)
This stablecoin is backed by paxos btw.
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[–]GabeDefBronze | Politics 41 0 points1 point2 points 1 day ago (0 children)
So we’re okay with centralized, again?
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[–]-0-O-Silver | QC: CC 42, BTC 25, ETH 25 | ADA 28 | Politics 39 0
points1 point2 points 1 day ago (0 children)
Compiler Version v0.4.24
lmao wtf
And SupplyController address isn't even a contract- it's just a regular wallet.
That means ONE DEVICE controlled by ONE PERSON can mint or burn as
many PYUSD as they want.
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[–]ObsidianramBeware the JubJub & the Jaberwock 0 points1 point2
points 1 day ago (0 children)
Sounds like a European version of a stable coin - like what they did
with smart contracts and demanding they be "reversible" - which is
asinine and defeats the whole purpose of a safe, secure transaction...
I'm sure there are bigger plans for this thing - they just want to get
this accepted first before they add more "features" onto it...they
won't show their whole hand at once...
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[–]ohjeezhiTin 0 points1 point2 points 1 day ago (0 children)
Duh. They are a company under United States law
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[–]x_lincoln_x4 score and 7 coins ago... 0 points1 point2 points 1 day
ago (0 children)
Grab 'em by the PYUSD!
/sorry
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[–]Redditlovinglover 0 points1 point2 points 1 day ago (0 children)
Nothing new OP. USDT and USDC can perform same function too.
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[–]SpeedoCheetoTin | Superstonk 120 0 points1 point2 points 1 day ago
(0 children)
Wouldn't the most reasonable presumption be that this is so they can
protect you from fraud/scams/whatever and keep in line with their
current policies on fiat transations?
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[–]evilisticsSilver | QC: CC 38, ATOM 23 | r/CMS 13 | TraderSubs 10 0
points1 point2 points 1 day ago (3 children)
lets not pretend anyone is surprised here.
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[–]xMagoxBronze | QC: CC 21 0 points1 point2 points 1 day ago (2 children)
specially since they can do the same with your FIAT
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[–]evilisticsSilver | QC: CC 38, ATOM 23 | r/CMS 13 | TraderSubs 10 0
points1 point2 points 1 day ago (1 child)
Yeah. This is why money doesn't stay in my PayPal account for long.
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[–]xMagoxBronze | QC: CC 21 0 points1 point2 points 1 day ago (0 children)
For good or worse, I can't even leave it there if I want it (to avoid
fees), in my country they are obligated to send it to your bank
account at the end of the day (charging me a fee in the process)
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[–]omghag18 0 points1 point2 points 1 day ago (0 children)
Now that's kind of a dk move
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[–]raconteur7Tin 0 points1 point2 points 1 day ago (0 children)
Who the eff would sign up for Dictator Coin like this? Bunch of little
dictators controlling your life
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[–]SeatedDruidHe who slings the shit ;) 0 points1 point2 points 1 day
ago (0 children)
ah a stablecoin except from Paypal
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[–]Real-Technician831Tin | 5 months old 0 points1 point2 points 1 day
ago (0 children)
Ehh, I think I will prefer SWIFT transfers for fiat things.
Other stables can do the same, but PayPal has well known history on
customer abuse.
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[–]BN_BoiPlatinum | QC: CC 101 | NEO 10 0 points1 point2 points 1 day
ago (0 children)
Nice, how to make no one use it.
Who even use paypal nowadays, after all the bad things and scams you
find about it...
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[–]lotofpic 0 points1 point2 points 1 day ago (0 children)
All stable coins have the same functions.
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[–]Dramatic_Patience_41Tin 0 points1 point2 points 1 day ago (0 children)
is more stablecoin better?
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[–]Mariahausfrau 0 points1 point2 points 1 day ago (1 child)
That sounds like north korean currency.Step by step to NWO.
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[–]mildmanneredhatterTin 0 points1 point2 points 22 hours ago (0 children)
What's so bad about a nwo? Peace and prosperity enforced by shadowy
figures rather than constant war and famine?
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[–]lucashcy_97Tin 0 points1 point2 points 1 day ago (0 children)
Is other exchange going to list this coin ?
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[–]DeeDot11In it for the tech.. 0 points1 point2 points 1 day ago (0 children)
Centralised shite again then. Built on ethereum L2 which is wild tho,
the amount of money they control vis their users.
Ethereum is becoming the money layer of the Internet
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[–]Sixtricks90Tin 0 points1 point2 points 1 day ago (0 children)
The roof, the roof, the roof is on fire
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[–]jadequarter 0 points1 point2 points 1 day ago (0 children)
just another tether
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[–]Slippytoe[🍰] 0 points1 point2 points 1 day ago (0 children)
I mean on one hand, it’s great exposure for Crypto. On the other hand,
might as well use a bank if PayPal have this sort of jurisdiction.
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[–]PsLJdoggSilver | QC: Coinbase 53, CC 32 | CRO 13 | ExchSubs 66 0
points1 point2 points 1 day ago (0 children)
Virtually every stablecoin has these functions, this is not unique
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[–]simplicity92Bronze 0 points1 point2 points 1 day ago (0 children)
Im pretty sure they do it to stop hackers or exploiters. But its a good backdoor
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[–]Apprehensive_Baker80Platinum | QC: CC 27 | SHIB 8 0 points1 point2
points 1 day ago (0 children)
Don’t see anything wrong there. Bear in mind that a centralized
currency needs to have this freezing mechanisms. If you don’t like it
just use decentralized alternatives
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[–]throwaway1177171728Platinum | QC: CC 37 | CelsiusNet. 6 | r/WSB 14
0 points1 point2 points 1 day ago (0 children)
So does every stablecoin. You can't have a stablecoin without a
central authority.
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[–]idigholes 0 points1 point2 points 1 day ago (0 children)
Sounds more like PayEnemy to me
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[–]Impossible_Soup_1932Platinum | QC: CC 286 | ADA 8 0 points1 point2
points 1 day ago (0 children)
Companies can never release a stablecoin that can't be censored.
Governments wouldn't allow it, if these stables can be used by
terrorists, blackmailers etc.
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[–]wytherlanejazzProbability Mage 0 points1 point2 points 1 day ago (0 children)
Centralisation in action
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[–]83nnoBronze 0 points1 point2 points 1 day ago (0 children)
De-Decentralised
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[–]slasula 0 points1 point2 points 1 day ago (0 children)
2spooky4me
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[–]NoNumbersNumberTin | 1 month old 0 points1 point2 points 1 day ago
(0 children)
PayPal's CBDC 🫠
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[–]customtoggleSilver | QC: BTC 584, CC 159, DOGE 52 | r/SSB 16 |
Economy 14 0 points1 point2 points 1 day ago (0 children)
Saylor's an idiot
>inb4: he graduated from x university and he's a billionaire how many times have you graduated and how many billions do you have
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[–]p3ekSilver | QC: CC 142, ALGO 36 | VET 15 | PCgaming 161 0 points1
point2 points 23 hours ago (0 children)
The idea of decentralization was what started crypto , but it's really
not about that anymore. Crypto is just another tool that purely
depends on who is using it
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[–]Relevant-Brain-733 0 points1 point2 points 23 hours ago (0 children)
Just another bank then!
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[–]token-eaterPlatinum | QC: CC 30 | NANO 8 | r/WSB 13 0 points1
point2 points 23 hours ago (0 children)
I only keep DAI.
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[–]KevinBannaTin 0 points1 point2 points 23 hours ago (0 children)
with these function. hackers were not able to damage the crypto world
so hard during the past years.
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[–]Trylks 0 points1 point2 points 23 hours ago (0 children)
It's like testing a CBDC in Ethereum.
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[–]BradVetSilver | QC: CC 487 | VET 71 0 points1 point2 points 23
hours ago (0 children)
Sounds about right, does anyone really think corporations or gov are
going to create a decentralised blockchain project, never. I dont
trust a single one
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[–]leechergod 0 points1 point2 points 23 hours ago (0 children)
Dai and USDD stabelcoins do not have freeze options. But USDD is
controlled by JUstin Sun. I prefer Justin Sun over Paypall
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[–]shenanigans_101 0 points1 point2 points 23 hours ago (0 children)
Well should we have expected any different? It is the norms around
this big company stablecoins
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[–]zeyar_lynxPermabanned 0 points1 point2 points 22 hours ago (0 children)
Another CBDC ? no thanks.
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[–]SYD-LIS 0 points1 point2 points 22 hours ago (0 children)
PayPals Customer Support suxs dick
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[–]Krupda42Tin | 4 months old 0 points1 point2 points 22 hours ago (0 children)
This isn't even the most significant part
If you want to use PYUSD, you have to complete KYC
This is what's coming for all stablecoins (if the provision in the
military spending bill is kept)
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[–]DB_aBronze | QC: ALGO 21 0 points1 point2 points 22 hours ago (1 child)
Another shitcoin has been born. And people will praise and use this,
but will find anything on the coin they hate
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[–]Oheson 0 points1 point2 points 19 hours ago (0 children)
A USD backed stable coin from a US regulated entity who has 450
million users is not a "shitcoin".
It is called adoption.
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[–]nossrednaretepTin 0 points1 point2 points 22 hours ago (0 children)
Is this good or bad?
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[–]brobbio 0 points1 point2 points 21 hours ago (0 children)
Nice. Way to go crypto!
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[–]BasedxgodxTin 0 points1 point2 points 21 hours ago (0 children)
Still kind of cool though.
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[–]mintytoTin 0 points1 point2 points 21 hours ago (0 children)
At least it has transparency now.
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[–]TehAlex94Tin 0 points1 point2 points 21 hours ago (0 children)
Why would anyone trust PayPal when before a couple months they could
fine you if they didn’t agree with your opinion online ?
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[–]LewmiWARNING: 5 - 6 years account age. 34 - 75 comment karma. 0
points1 point2 points 21 hours ago (1 child)
Don’t know why anyone would buy into this, exact opposite of the main
reasons behind crypto
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[–]Oheson 0 points1 point2 points 19 hours ago (0 children)
Right. The main reason behind crypto is to be scammed, rug pulled, and
lose your money when a scammer goes bankrupt and escapes to Dubai.
Ah the good old days...
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[–]billw1zz3 - 4 years account age. 100 - 200 comment karma. 0 points1
point2 points 20 hours ago (0 children)
I think most stable coins hold this ability, it’s the centralised part
of decentralisation. Companies find it hard to let go of control. Be
good if a stable coin came along that was decentralised,
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[–]LewmiWARNING: 5 - 6 years account age. 34 - 75 comment karma. 0
points1 point2 points 20 hours ago (0 children)
PayPal has a history littered with seizing user funds. It’s was a huge
issue with ebayers et
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[–]JojorentPlatinum | QC: CC 31 0 points1 point2 points 20 hours ago
(0 children)
More like PhuckedPal
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[–]Oheson 0 points1 point2 points 19 hours ago* (0 children)
What did you expect? Paypal, a US regulated entity on the Stock
Exchange to use Monero or something else to help facilitate crime?
This is a Ethereum use case app. This is very good for overall
adoption of decentralized protocols. That does not mean that every app
using the protocol needs to be decentralized.
The opposite of having regulated entities in crypto is FTX, Celsius.
Voyager, BlockFi, Genesis, and all the other contagions in the space.
Not to mention the constant rug pulls and criminals that dominate
crypto in general. Even if you didn't use those, you were affected by
them.
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[–]WyrdNine 0 points1 point2 points 19 hours ago (1 child)
The answer to question of what kind of crypto your government wants,
not the people.
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[–]Oheson -1 points0 points1 point 19 hours ago* (0 children)
Bitcoin does not care about governments or anything else. BTC is a
decentralized, immutable store of value with a fixed supply that uses
blockchain tech. PYUSD is a centralized, stable coin from a major
Fintech company on ETH. ETH is a decentralized layer 1 blockchain that
acts as a global operating system. Using "crypto" as a general
statement makes not sense.
If you don't know the difference between BTC, ETH, and PYUSD maybe you
should spend more time learning. None of them have anything in common
outside of the underlying tech being blockchain.
"crypto" is a general term that really means nothing. It is like using
the term "vehicle" and conflating boats, motorcycles, cars, planes,
jet skis, and buses as one thing.
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[–]BuyETHorDAIPlatinum | QC: CC 500, ETH 93, ATOM 59 | Politics 20 0
points1 point2 points 18 hours ago (0 children)
Centralized stablecoins are centralized. More at 11.
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[–]Starkgaryen69Stack Sats 0 points1 point2 points 18 hours ago (0 children)
Yeah, sounds like FIAT to me. Hard pass.
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[–]wayfarer8888Tin 0 points1 point2 points 18 hours ago (0 children)
pyUSD is fully backed, regulated and insured:
https://www.coindesk.com/business/2023/08/07/paypals-regulated-stablecoin-i…
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[–]orangecyanide 0 points1 point2 points 18 hours ago* (0 children)
I'm not sure what the intentions of this post are but to start with
the deth link that is being shared has the wrong ETH address, the
actual address of the PYUSD is
0xe0a8ed732658832fac18141aa5ad3542e2eb503b ; you can check the tnx
number and the supply:https://etherscan.io/token/0xe0a8ed732658832fac18141aa5ad3542e2eb503bAlso
the functions are not written correctly and there is no
'wipeFrozenAddress' function. I don't think function exists in
solidity even. You can see the real PYUSD smart contract code here:
https://etherscan.deth.net/address/0xe0a8ed732658832fac18141aa5ad3542e2eb50…
only thing that I found there is a bit controlling is that there is a
_buyerMap and you cannot sell the token automatically on Uniswap (the
interfacing DEX) if you are not on the _buyerMap or you have to wait
for the _buyCount to surpasses the _preventSwapBefore threshold so you
can sell it, but the _buyCount threshold is not defined in the
contract.
Never trust always verify.
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[–]chillbanana111Tin 0 points1 point2 points 18 hours ago (0 children)
The link OP posted is clearly to a fake PYUSD scam. What blows my mind
is how many people didn't know/bother to check.
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[–]melonmetaTin | 6 months old | NANO 92 0 points1 point2 points 16
hours ago (0 children)
That's why we Nano #XNO
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[–]HarvWhanDonTin 0 points1 point2 points 16 hours ago (0 children)
As long as the source code is laid out free for all, it's positive, i
suppose. My worry is that the popularity of this may encourage more
control and a bigger move towards a CBDC cashless society where no one
can see the source code...
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[–]Cheeky-Devil 0 points1 point2 points 16 hours ago (0 children)
I didn’t even know you could do that with USDT
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[–]Bizness_boiTin | CelsiusNet. 10 0 points1 point2 points 15 hours
ago (0 children)
I hate to be crass but I think getting bent out of shape about a
centralized service having full control of their asset on any chain is
ridiculous, and it's frankly uninformed to claim anything like this is
"against the idea of crypto!" We're talking about a company
guaranteeing their own assets on any chain. You have tons of
centralized and decentralized options if you want to transact in
dollars. If you want the value that circle, tether, paypal provide
with their stablecoin, you have to play by their rules. There's
certainly a lot of value in knowing that somebody would have a hard
time running away with all your USD if you stored it on chain, and
knowing that it isn't held in a bunch of smart contracts, it's held in
a vault somewhere (let's not get into the nuances of how fiat works).
You know what makes crypto great? Nobody is forcing you to use this
anymore than being forced to use BTC or anything else to transact in.
Store your shit in MAI if you're worried, swap to another when you
need to. Don't overthink it.
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[–]AdZealousideal3461 0 points1 point2 points 15 hours ago (0 children)
Transparency in the source code is crucial, but the ability to freeze
and unfreeze accounts might raise concerns for some. Central control
over the supply via Supplycontroller is notable, and the potential for
CBDCs to adopt similar functions is intriguing. Let's keep an eye on
developments in the stablecoin space!
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[–]holybawlTin 0 points1 point2 points 14 hours ago (0 children)
I would only use PayPal for fiat on/off ramp. Ach to bank. So that’s
opens another opportunity to ramp in and out in the USA. That’s a win
in my book.
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[–]Crypto-Expansion 0 points1 point2 points 14 hours ago (0 children)
That's a PCDC: Paypal Controlled Digital Currency!
Stay away!
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[–]sylsau 0 points1 point2 points 13 hours ago (0 children)
All the alerts raised on PayPal's stablecoin should make you aware
that those who issue USDC and USDT may be doing exactly the same
thing...
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[–]FallenOne2334Tin | CC critic 0 points1 point2 points 13 hours ago
(0 children)
Another reason I do not use PayPal anymore.
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[–]Computer_says_noooTin | QC: CC 18 | DOGE critic 0 points1 point2
points 12 hours ago (0 children)
So pretty much like a CBDC
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[–]orangecyanide 0 points1 point2 points 12 hours ago (0 children)
Wrong smart contract.
OP is a scammer.
This is the correct smartcontract:
https://etherscan.deth.net/address/0xe0a8ed732658832fac18141aa5ad3542e2eb50…
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[–]ShinAlastor 0 points1 point2 points 10 hours ago (0 children)
This is not good
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[–]GotStuckedTin 0 points1 point2 points 10 hours ago (0 children)
What a surprise! Ahem..
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[–]Xylon818Bronze 0 points1 point2 points 9 hours ago (0 children)
The largest stable coins are all centralised. USDC and USDT both do
the same. This is why a decentralized money like Nano, Monero are so
important.
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[–]xxXTECHxx 0 points1 point2 points 9 hours ago (0 children)
Decentralized
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[–]DanTheMan_117Tin 0 points1 point2 points 6 hours ago (0 children)
So what if the private key of controller gets leaked? Rip coin?
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[–]YouAreAnFnIdiotPlatinum | QC: BTC 221, ETH 209 | TraderSubs 426 0
points1 point2 points 5 hours ago (0 children)
Dai enters chat
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[–]sherpya 0 points1 point2 points 3 hours ago (0 children)
stablecoins are centralized
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[–]WordofDogeRedditor for 2 months. 0 points1 point2 points 2 hours
ago (0 children)
I knew they would do something like this with their coin.
Everyone please do some research of PayPal before using their new
coin. They have a massive history of claiming/freezing funds. To big
and small people.
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[–]ucantbm 0 points1 point2 points 44 minutes ago (0 children)
BTC ftw. Freedom!
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1
0
09 Aug '23
The Fact that they haven't adjusted the $10k number
for inflation ever since that nonsense arbitrary number entered
into "Law" in the 1960's... proves the Evil Against Freedom
and the Corruption that exist behind both it... and Them.
Your only remaining option for your own Freedom and that
of those you care about, is to adopt crypto and then Defund
such Govts, which is all of them, worldwide.
Liz Warren is an Anti-Freedom Cunt that needs ejected
from office.
https://beincrypto.com/us-senators-report-crypto-transactions-over-10000/
US Senators Want You to Report Crypto Transactions of Over $10,000
by kirtash93
[–]tiger1647 126 points127 points128 points 11 hours ago (41 children)
I want them to report to me everytime they spend $10,000.
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[–]carsonthecarsinogen 13 points14 points15 points 10 hours ago (3 children)
your iPhone has rapidly disassembled due to overloading
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[–]Pristine_Spinach8718Stargazing 2 points3 points4 points 1 hour ago* (1 child)
They probably spend $10k on their average lunch, what are the odds you
think they will report that as well?
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[–]FreyaOysteaTin | CC critic 1 point2 points3 points 57 minutes ago
(0 children)
Below 0% my friend
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[–]Unavailablewith 0 points1 point2 points 4 hours ago (0 children)
More like your iPhone won't report anytuing.
These guys will find a way to cheat the system.
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[–]HODL-THE-LINEPlatinum | QC: CC 26 7 points8 points9 points 10 hours
ago (2 children)
That's a wish that would turn into a curse real fast.
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[–]tiger1647 0 points1 point2 points 10 hours ago (0 children)
The monkeys claw curled.
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[–]simplicity92Bronze 0 points1 point2 points 1 hour ago (0 children)
You are gonna be a target
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[–]meeleen223Moons = Magic Internet Money Vol. 2 7 points8 points9
points 10 hours ago (13 children)
Senators: "This is outrageous, and a few 0s and we can talk"
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[–]CymandeTV 3 points4 points5 points 10 hours ago (10 children)
Well, I don't have 10k to invest in crypto so...
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[–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 3 points4
points5 points 9 hours ago (6 children)
Rather, it is more probable we report 10k in losses
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[–]coinsRus-2021Silver | QC: CC 52 | ADA 222 | TraderSubs 11 2 points3
points4 points 9 hours ago* (4 children)
You lost your moons in a boating accident, I see!
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[–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 2 points3
points4 points 9 hours ago (3 children)
Moons? What moons?!
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[–]the2ndRuss 0 points1 point2 points 5 hours ago (0 children)
🧐
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[–]emp-sup-bryBronze | QC: CC 22 | LRC 6 -1 points0 points1 point 7
hours ago (0 children)
3rd party app for reporting zero vault moons.
sigh
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[–]AutoModerator[M] 0 points1 point2 points 9 hours ago (0 children)
It looks like you are asking about Moons. The answer to your question
may be found here in the official Moons FAQ:
https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki
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[–]tiger1647 0 points1 point2 points 8 hours ago (0 children)
You guys are going to make this post a reportable transaction!
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[–]SeatedDruidHe who slings the shit ;) 0 points1 point2 points 9
hours ago (1 child)
Sir we only lose money here
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[–]coinsRus-2021Silver | QC: CC 52 | ADA 222 | TraderSubs 11 0 points1
point2 points 9 hours ago (0 children)
If you don’t own moons
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[–]myslowtvTin 0 points1 point2 points 9 hours ago (0 children)
I am with you. I want to report that I've sold over $10k of crypto!!
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[–]Ignitus1Platinum | QC: BTC 19, ETH 18 | GMEJungle 14 | Superstonk
440 0 points1 point2 points 9 hours ago (0 children)
A senator is nowhere near that expensive.
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[–]simplicity92Bronze 0 points1 point2 points 1 hour ago (0 children)
Looks like you gonna need to report when you sold off 25% of your moons
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[–]Technical-Cloud-3651Tin | 4 months old 1 point2 points3 points 10
hours ago (1 child)
I want them to only be able to spend crypto so it can be tracked
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[–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 0 points1
point2 points 9 hours ago (0 children)
The ultimate dream
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[–]SlowpokesEmporium1 - 2 years account age. 100 - 200 comment karma.
0 points1 point2 points 10 hours ago (1 child)
The ultimate uno reverso
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[–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 1 point2
points3 points 9 hours ago (0 children)
Having a public blockchain tracking politicians' expenses and
donations would be just great
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[–]infested33Analyst 0 points1 point2 points 10 hours ago (0 children)
You are going to get thousands of reports about hookers and blow.
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[–]Ben_Dover1234Bronze | QC: CC 18 0 points1 point2 points 10 hours
ago (0 children)
Is that someone at your door?
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[–]Popular_District9072Tin | CRO 9 0 points1 point2 points 10 hours
ago (0 children)
and then explain how they are able to spend more than they make on
recurring basis
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[–]Electrical-Lead5993Platinum | QC: CC 140 0 points1 point2 points 9
hours ago (0 children)
Haha! Politicians be transparent with us. Oh no, they don’t like that!
They don’t like the rules applying to them
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[–]Green_L3afTin 0 points1 point2 points 9 hours ago (1 child)
Honestly that's how it should work. If they make a law, they follow it
too. Common sense shit here people.
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[–]CCNightcoreBronze | Science 11 0 points1 point2 points 2 hours ago
(0 children)
Anti money laundering statutes are a good thing generally. People are
naive if they think a public ledger won't have the same requirements
eventually.
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[–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 0 points1
point2 points 9 hours ago (0 children)
No one needs that level of spam
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[–]Odysseus_Lannister 0 points1 point2 points 8 hours ago (0 children)
phone explodes
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[–]joe17301Silver | QC: CC 71 | LRC 59 0 points1 point2 points 6 hours
ago (0 children)
They don't get out of best for transactions under $1mil.
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[–]Ek_Ko1 0 points1 point2 points 5 hours ago (1 child)
hi this is the IRS
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[–]tiger1647 0 points1 point2 points 5 hours ago (0 children)
Hi IRS. Are you here inquiring about my boating accident?
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[–]ControlPotentialLikes Crypto 0 points1 point2 points 10 hours ago
(0 children)
Probably a lot of hospital bills for these dinosaurs
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[–]brian_kkingBronze | r/WSB 20 0 points1 point2 points 9 hours ago (0 children)
You'd wake up to thousands of reports every morning... You'd have
reports flooding out of your house, filling your garage.. You'd be
driven insane, getting reports every second of every day of every
week...
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[–]SeatedDruidHe who slings the shit ;) 0 points1 point2 points 9
hours ago (0 children)
Gonna fill up ur inbox real quick😂
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[–]Scarecrow4980 0 points1 point2 points 5 hours ago (0 children)
I want them to report any time they are bribed more than $10,000.
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[–]Boddis 0 points1 point2 points 1 hour ago (0 children)
They work for you after all... supposedly
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[–]BrocoliAssassin 37 points38 points39 points 11 hours ago (21 children)
I think this is a much bigger issue rather than the 10k reporting:
"The bill will also designate a host of crypto industry
players—including wallet providers and validators—as financial
institutions. "
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[–]Ur_mothers_keeper 22 points23 points24 points 10 hours ago (6 children)
Lol good fucking luck. "Wallet providers"? Do they know what a wallet
is? It's literally a private key randomly generated on your machine by
open source software. Unless someone's providing a custodial service —
that is, exchanges — theres no "provider" there.
Validators... Bitcoin miners are about to start reporting every
transaction over $10k USD in value to the IRS? Even for non US
persons? They don't even know who the owners of the money are!
There is literally 0 chance that this can even be enforced. Some
people like exchanges will have to comply, everyone else can't or
won't.
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[–]BrocoliAssassin 1 point2 points3 points 10 hours ago (0 children)
This is what I would worry about.
It's the perfect thing for another "war". It becomes an endless pit of
wasted taxpayer money. We have to crack down on everything that allows
non-kyc wallets to be in use.
Doesn't matter if it works, just as long as it deflects blame and
politicians don't have to worry about having to come up with solutions
to their wreckless spending and waste, then it's a success!
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[–]MisterD00d 0 points1 point2 points 7 hours ago (0 children)
One bother is that technically MetaMask is centralized. Thats not true
of all wallets, however, and I completely disagree with their notion.
Its unenforceable, correct.
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[–]im_THIS_guyPlatinum | QC: ETH 35 | CelsiusNet. 18 | PoliticalHumor
30 0 points1 point2 points 6 hours ago (0 children)
Remember when they tried to police music piracy? It's like that, but
much much harder.
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[–]tchuckssBronze | QC: CC 23 | LRC 24 | Superstonk 109 0 points1
point2 points 4 hours ago (0 children)
They don't know what a wallet is; but they don't need to. They don't
care. They'll make stuff fit their limited worldview. They can
determine wallet providers and what they are, and force institutions
to create those things, and declare anyone not using those wallets to
be in breach of the law.
US government is run by imbeciles.
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[–]OrdainedPumaPlatinum | ADA 17 | Politics 11 0 points1 point2 points
38 minutes ago (1 child)
Don't be so flippant. This is the first step to having "white listed"
and "black listed" coins. If you don't have a KYC chain of custody
(complete with kyc'd wallets), your coins are rendered defunct by
any/every exchange and business. Enjoy being solely peer-to-peer.
"Well we can't prove chain of custody from the start of BTC/chain of
choice." That'll be fine, you have 8 weeks to doxx your coins to an
approved CEX (while also indicating where your coins came from) which
has your personal info. After that, anything which has an incomplete
chain is unredeemable.
And that's how you have captured freedom money in three moves.
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[–]OrdainedPumaPlatinum | ADA 17 | Politics 11 0 points1 point2 points
35 minutes ago (0 children)
And, to further expound, how long do you think self hosted wallets
last in this environment if you have to white list coins through an
exchange?
Any coins touching or coming from an unhosted wallet are "criminal money."
You guys do realize the US government are the baddies here, right?
With all the power to lose? And do humans give up power easily/freely
when they live on top of the fucking money printer?
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[–]Least-March7906Bronze | Buttcoin 22 8 points9 points10 points 11
hours ago (8 children)
This is definitely the issue. If they are designated as financial
institutions then they will come under significant government
regulations and will have a shit ton on reporting responsibilities
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[–]BrocoliAssassin 9 points10 points11 points 10 hours ago (6 children)
Yeap and why I hate politics so much.
If Warren didn’t outright say this I’d bet most people would think it
would be a conspiracy theory that they would go as far to have every
single wallet monitored. You can see she has no idea how tech works.
A bunch of thieves run this country so I only expect for all this to
get worse over time. All to feed the war machine and rich.
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[–]wee_dLow Crypto Activity | 6 months old 8 points9 points10 points
10 hours ago (3 children)
Elizabeth Warren is a batshit crazy person that needs to be stopped.
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[–]conceiv3d-in-lib3rty 4 points5 points6 points 10 hours ago (1 child)
She still has 15 more years if she retires at 90, which is typical for
“notable” US senate members 🤦♂️
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[–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 2 points3
points4 points 9 hours ago (0 children)
We needed another asteroid to take these dinosaurs away
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[–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 0 points1
point2 points 9 hours ago (0 children)
I don’t think she’s batshit crazy, but I do think she doesn’t
understand crypto land therefore shouldn’t be trying to legislate it.
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[–]Honeynel 2 points3 points4 points 10 hours ago (1 child)
bunch of thieves run this country
They get paid to implement freedom restricting policies that make
corporations more money. Been that way since the 70s.
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[–]NostraSkolMusTin | LRC 9 | Superstonk 383 1 point2 points3 points
10 hours ago (0 children)
Since the fed was founded
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[–]The-Francois8Silver|QC:CC928,BTC178,ETH39|CelsiusNet.50|ExchSubs42
2 points3 points4 points 10 hours ago (0 children)
Wallet providers aren’t supposed to know who’s using the wallets.
That’s a problem.
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[–]Slippytoe[🍰] 2 points3 points4 points 10 hours ago (1 child)
They can report $10k wallet transactions until the cows come home.
Good luck finding out who the completely and hopelessly anonymous
wallets belong to though.
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[–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 0 points1
point2 points 9 hours ago (0 children)
And anyways, we’ll just see a lot more $9,999 transactions.
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[–]Admirable-Hyena5040Platinum | QC: CC 60, BTC 22 | Politics 44 0
points1 point2 points 10 hours ago (0 children)
Ah, Elizabeth Warren's sneaky central bank insertion.
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[–]Popular_District9072Tin | CRO 9 0 points1 point2 points 10 hours
ago (0 children)
seems like the goal is to strip crypto of anything good and put it in
line with regular assets, which makes no point unless the goal is to
slow down the growth of crypto space
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[–]CptBombastic 8 points9 points10 points 8 hours ago (0 children)
I don't even have that much to invest in crypto.
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[–]Sugar_PhutTin 17 points18 points19 points 10 hours ago (7 children)
How about we get some term limits instead. Fuck them dinosaurs
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[–]HODL-THE-LINEPlatinum | QC: CC 26 1 point2 points3 points 10 hours
ago (2 children)
That's exactly what that metroid said 65 Million years ago!
And it would take about the same force to get these old fucks to give
up some of their power.
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[–]genjitenjiSilver | QC: CC 320 | NANO 91 1 point2 points3 points 10
hours ago (1 child)
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[–]RedOctobrrrPlatinum | QC: CC 29 | Superstonk 148 1 point2 points3
points 9 hours ago (0 children)
Yo this is God tier, Metroid fuckin up a dinosaur (with wings)
If Reddit still distributed free awards to give, I'd have given you mine.
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[–]conceiv3d-in-lib3rty 0 points1 point2 points 10 hours ago (0 children)
Liz Warren is 74 and won’t retire until she’s fucking 90 probably.
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[–]Popular_District9072Tin | CRO 9 0 points1 point2 points 10 hours
ago (1 child)
reminds me of the late soviet era, when people in power were mainly
over 70, not allowing new people to get in, "working" on the future
they will never see
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[–]Pr0MeisterTin 0 points1 point2 points 9 hours ago (0 children)
The Eastern European special
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[–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 0 points1
point2 points 9 hours ago (0 children)
Agree wholeheartedly. There comes a time when your time is done.
At a certain age you’re just governing for the past and whatever you
grew up thinking was right, which is probably outdated and antiquated.
Progress moves forward. The people making the laws should be the ones
that will have to live through the consequences.
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[–]GrunblauPlatinum | QC: CC 410, BTC 71 | r/WSB 214 4 points5 points6
points 7 hours ago (0 children)
Shit. I’ve been reporting all my transactions…
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[–]TheMissingNTLDR 3 points4 points5 points 11 hours ago (4 children)
9999.99 enters the chat...
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[–]wee_dLow Crypto Activity | 6 months old 1 point2 points3 points 10
hours ago (2 children)
Batches of $9,999.99
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[–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 2 points3
points4 points 9 hours ago (1 child)
Politicians: “Ah damn it! Who knew they’d do that when we spent 2
years arguing and drafting up the law?”
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[–]trufin2038Platinum | QC: BTC 30 1 point2 points3 points 2 hours ago
(0 children)
It's funny but the same is true of fiat banking. Multiple small
transaction is flagged as "structuring" and gets reported anyway. They
actually don't care about 10k, the bottom line is they defacto report
all transactions that move more than a trivial amount of money.
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[–]ToyakeTin | Futurology 36 0 points1 point2 points 2 hours ago (0 children)
This would be known as structuring and is a felony.
TMYK
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[–]Florian995Tin 3 points4 points5 points 11 hours ago (5 children)
Laughs in Monero
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[–]mesutdmnPlatinum | QC: CC 109 0 points1 point2 points 11 hours ago (1 child)
Laughs in ??????
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[–]JuiceColdmanTin | CC critic | Politics 25 0 points1 point2 points
11 hours ago (0 children)
Laughs in boating accident
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[–]Kindly-Wolf6919 0 points1 point2 points 11 hours ago (0 children)
Laughs in third world country
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[–]KaydeeKaine 0 points1 point2 points 11 hours ago (0 children)
XMR is getting harder to buy, depending on where you live.
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[–]hamberdler 0 points1 point2 points 6 hours ago (0 children)
Laughs in profit
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[–]coinfeeds-botApproved CC Bot 3 points4 points5 points 11 hours ago
(2 children)
tldr; US Senators, led by Elizabeth Warren, are pushing for stricter
regulations on cryptocurrencies in the US. They have reintroduced the
Digital Asset Anti-Money Laundering Act, which includes making crypto
transactions over $10,000 legally reportable. The proposed law would
require industry players to file a Report of Foreign Bank and
Financial Accounts (FBAR) with the IRS for transactions exceeding
$10,000 in digital assets through offshore accounts. The bill also
designates wallet providers and validators as financial institutions
and imposes new reporting requirements for transactions over $10,000.
The law would also expand responsibilities for owners and
administrators of crypto ATMs and strengthen compliance processes.
Warren claims that crypto has become a preferred payment method for
criminals and the bill aims to crack down on crypto crime. However,
data from Chainalysis shows that crypto-related crime is down 63%
since the start of 2023.
This summary is auto generated by a bot and not meant to replace
reading the original article. As always, DYOR. Try our free crypto
chatbot at https://chat.coinfeeds.io
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[–]Probably_notabotTin | CC critic 0 points1 point2 points 3 hours ago
(0 children)
“Led by Liz Warren” of course that asshole is involved
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[–]dabornstein 0 points1 point2 points 7 hours ago (0 children)
Thank you bot, you is kind, you is appreciated
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[–]Talic15Bronze 1 point2 points3 points 10 hours ago (2 children)
Elizabeth Warren
Can she seriously just fuck off and lose in the next primary?
Massachusetts, can you please do us a solid?
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[–]tchuckssBronze | QC: CC 23 | LRC 24 | Superstonk 109 1 point2
points3 points 4 hours ago (0 children)
Who's to say the person coming to replace her will be any better...
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[–]milonuttigrainPlatinum | QC: CC 1719 | Pers.Fin.NZ 17 -1 points0
points1 point 8 hours ago (0 children)
Liz is a lizard and should be sent back to Jurasic
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[–]bkcrypt0 2 points3 points4 points 11 hours ago (1 child)
It's the same with USD. They're trying to stop money laundering.
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[–]CONSOLE_LOAD_LETTERPlatinum | QC: CC 562 0 points1 point2 points 2
hours ago (0 children)
Yeah it's not specific to crypto really, it sometimes comes up with
any large or unknown financial transaction, of which now crypto is
being recognized as being mainstream enough to be considered as a
legitimate to transact finances.
Many countries are actually already very strict with this kind of
reporting in fiat, and while it can be a pain in the ass I'm not
actually against complying with it because it can actually help
prevent things like wealthy tax cheats, human trafficking, or money
going to sanctioned government weapons programs like North Korea.
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[–]samer109 1 point2 points3 points 11 hours ago (0 children)
I prefer how it is in Europe, you only have to report when you sell for EUR..
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[–]Pixelated_CurvesBronze | QC: CC 21 2 points3 points4 points 11
hours ago (13 children)
Gonna be a lot of $9,999 transactions
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[–]Snjordo 3 points4 points5 points 11 hours ago (3 children)
I'll do $9998 not to look suspicious
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[–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 2 points3
points4 points 9 hours ago (0 children)
I’ll go with $1, Bob.
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[–]KaydeeKaine 1 point2 points3 points 11 hours ago (0 children)
U smarty
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[–]Z3LS3Bitcoin 0 points1 point2 points 6 hours ago (0 children)
Fogel, this ID says you’re 25 years old. Why wouldn’t you just put 21, man?
Seth, Seth, Sethhh, listen up assface. Every day hundreds of kids go
into the liquor store with their fake IDs, and every one says they’re
21. how many 21 year olds do you think there are in this town? It’s
called fucking strategy alright?
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[–]UnsightlyCornerstone[🍰] 3 points4 points5 points 11 hours ago (3 children)
Or you can be poor like me and not have to worry about stuff like
that. Senators hate this one simple trick!
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[–]meeleen223Moons = Magic Internet Money Vol. 2 1 point2 points3
points 11 hours ago (2 children)
Senators hate $9.99k transactions, shrimp gains and boating accidents
simple tricks!
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[–]Da_Notorious_HAMTin | CC critic 3 points4 points5 points 11 hours
ago (0 children)
Meanwhile, a lot of senators making $9.99k transactions and having a
ton of boating accidents.
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[–]Hawke64Platinum | QC: CC 199 2 points3 points4 points 11 hours ago
(0 children)
They hate us cuz they anus
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[–]WineMakerBg 0 points1 point2 points 11 hours ago (0 children)
Would be Happy to report.
Will actually mean I'm doing quite OK with 5% of my assets in Crypto. 😀
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[–]prosenl1Platinum | QC: CC 148 0 points1 point2 points 11 hours ago
(0 children)
Except maybe when it's finalized it was a 10.003 transaction.
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[–]WonzkyPlatinum | QC: CC 986 0 points1 point2 points 11 hours ago (0 children)
Except that's actually illegal lol, see "structuring"
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[–]AltruisticPops -1 points0 points1 point 11 hours ago (0 children)
Ez fix. Try again suit man.
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[–]EpicHasAIDS 0 points1 point2 points 9 hours ago (0 children)
Lol.
The same rules exist for cash. Guess what? They figured the 9,999 trick out.
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[–]ToshiSat 3 points4 points5 points 11 hours ago (15 children)
That’s not really surprising
A whole lot of countries has done the same, some require you to report
every transactions
It’s not the kind of regulations we should be worried about imo
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[–]GeolinearI wished for this 1 point2 points3 points 11 hours ago (12 children)
Yes, I can agree that this type of regulation is more levelheaded and
reasonable to ask of people. Where I live, like you, every transaction
must be reported.
It’s a major pain to keep track of. Especially with defi.
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[–]ToshiSat 1 point2 points3 points 11 hours ago (11 children)
It’s costing me a lot of money just to make my taxes because of that
.. but it won’t discourage me from using crypto as often as I can
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[–]GeolinearI wished for this 0 points1 point2 points 11 hours ago (10 children)
I hear ya - I dread tax time every year because I have to pay $300 for
combing 10k+ plus transactions just to find out I’m at a loss for
$1000 or so close to zero it’s negligible.
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[–]ToshiSat 2 points3 points4 points 11 hours ago (9 children)
I seriously consider moving to a crypto-friendly country once I have
enough to retire. Imagine having no tax on crypto like in Dubai or the
Cayman Islands
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[–]GeolinearI wished for this 1 point2 points3 points 11 hours ago (7 children)
When we hit it big u/ToshiSat, we can run away together to the Caymans.
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[–]0-ATCG-1Platinum|QC:ETH24,BTC21,CC18|MANA5|ModeratePolitics35 1
point2 points3 points 10 hours ago (0 children)
Love is in the air! Now kith.
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[–]HODL-THE-LINEPlatinum | QC: CC 26 1 point2 points3 points 10 hours
ago (4 children)
Take me with you guys. I'm really good with my hands!
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[–]GeolinearI wished for this 1 point2 points3 points 10 hours ago (3 children)
Hmm we do need someone with hands, certainly.
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[–]HODL-THE-LINEPlatinum | QC: CC 26 1 point2 points3 points 10 hours
ago (2 children)
Yay! I am going to the Gaymans
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[–]GeolinearI wished for this 1 point2 points3 points 10 hours ago (1 child)
Don’t forget your swimsuit, tiger !
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continue this thread
[–]Pr0MeisterTin 1 point2 points3 points 9 hours ago (0 children)
Cool! A destination wedding!
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[–]HODL-THE-LINEPlatinum | QC: CC 26 0 points1 point2 points 10 hours
ago (0 children)
We should all move to a nice country and just be super friendly bros
to each other. Maybe no women allowed. Just us, fishing, playing war
thunder and sitting out on the porch.
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[–]Pr0MeisterTin 0 points1 point2 points 9 hours ago (1 child)
Might be wrong here, but at least in the EU don't you have to state
the reason/source for every transaction over 10k? Or maybe it was if
you are making an international transaction over that amount
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[–]ToshiSat 0 points1 point2 points 8 hours ago (0 children)
That’s true, even in Canada there’s some red flags associated with
these types of transactions if they’re not easily identifiable (buying
a car, house, that kind of things)
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[–]MonsieurGumpPlatinum | QC: ETH 22, CC 15 | UKPers.Fin. 31 1 point2
points3 points 11 hours ago (3 children)
US senators can fuck off.
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[–]conceiv3d-in-lib3rty 0 points1 point2 points 10 hours ago (2 children)
Liz Warren can fuck right off. She’s always the ringleader of this
anti-crypto dumb shit.
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[–]EpicHasAIDS -5 points-4 points-3 points 9 hours ago (1 child)
People just can't accept crypto is antithetical to the left.
Neither party is perfect but dems are the party of big government and
prefer federal power over all.
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[–]beerbaron105Platinum | QC: CC 185 | r/CMS 8 | r/WSB 29 1 point2
points3 points 11 hours ago (3 children)
God damn I loathe the government
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[–]CrackorjackzorsEthereum flips Bitcoin eventually 3 points4 points5
points 11 hours ago (0 children)
Yeah, maybe they should report and reveal their donors that contribute
over $10,000 to them. Maybe they should let us know what the lobbyists
paid them. How about they disclose gifts they received.
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[–]Slippytoe[🍰] 0 points1 point2 points 10 hours ago (0 children)
Just report it like they asked, straight into the toilet. They didn’t
specify where
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[–]j4c0p 0 points1 point2 points 9 hours ago (0 children)
People still think its left or right, democrats or republicans
meanwhile its people vs politicians.
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[–]Damgalnuna000Platinum | QC: CC 311 1 point2 points3 points 11 hours
ago (0 children)
Is this while they trade stocks with insider information and take
speaking fees from financial behemoths
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[–]pizza-chitfiat miner and burner -1 points0 points1 point 11 hours
ago (5 children)
Do they want me to fill out a form every time I park my car in a
different parking lot?
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[–]BrocoliAssassin 0 points1 point2 points 11 hours ago (0 children)
I can see it already. In order to fight climate change we have come up
with a new tax...uhmm I mean law!
Every parking space will be required to record ever car that parks
there so that the owner can be billed. This will help combat climate
change since this should cut down on car usage and promote car
pooling!
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[–]One_Landscape541Silver | QC: CC 821 | Buttcoin 56 -1 points0
points1 point 11 hours ago (0 children)
Do you park on the moon?
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[–]strongkhalSilver | QC: CC 84 | CRO 64 | ExchSubs 64 -1 points0
points1 point 11 hours ago (0 children)
Yes, they do. Sometime later
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[–]Slippytoe[🍰] 0 points1 point2 points 10 hours ago (1 child)
And we want to know about every time you think of our precious dollars too!
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[–]Probably_notabotTin | CC critic 0 points1 point2 points 4 hours ago
(0 children)
Happy cake day toe!
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[–]OfulinacPlatinum | QC: CC 32 0 points1 point2 points 11 hours ago
(3 children)
Tldr - They want more money.
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[–]AltruisticPops -1 points0 points1 point 11 hours ago (0 children)
I'd gladly report but I just had a boating accident
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[–]nacockerspanielTin -1 points0 points1 point 11 hours ago (3 children)
Half of those old white guys don't even know what crypto is. Just retire already
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[–]SkankHunt42-___- 2 points3 points4 points 11 hours ago (1 child)
They're dinosaurs trying to avoir the crypto comet coming their way
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[–]nacockerspanielTin -1 points0 points1 point 11 hours ago (0 children)
Good luck with that!
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[–]SorrytoruinPlatinum | QC: CC 449 -1 points0 points1 point 11 hours
ago (0 children)
coffin dodgers...
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[–]JNisher 0 points1 point2 points 11 hours ago (4 children)
We need some younger people in government. Who actually know what crypto is
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[–]strongkhalSilver | QC: CC 84 | CRO 64 | ExchSubs 64 -1 points0
points1 point 11 hours ago (2 children)
Young people lack the experience, it's not like in the textbooks but
some US politicians are almost 100 years old. The should at least be a
cap lol
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[–]Trent1462 0 points1 point2 points 11 hours ago (1 child)
I mean even someone who’s like 50 would be young in comparison
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[–]strongkhalSilver | QC: CC 84 | CRO 64 | ExchSubs 64 0 points1
point2 points 10 hours ago (0 children)
Absolutely. Even 35-40 is experienced enough
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[–]its_ya_boi_wulfTin | GMEJungle 7 | Superstonk 33 -2 points-1
points0 points 11 hours ago (0 children)
I agree, get these dinosaurs out of here
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[–]Enkaem 0 points1 point2 points 11 hours ago (0 children)
I’m glad they know what they want.
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[+][deleted] 11 hours ago (8 children)
[deleted]
[–]SorrytoruinPlatinum | QC: CC 449 0 points1 point2 points 11 hours
ago (1 child)
I doubt they will be coming for moons
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[–]Marrr_tyPlatinum | QC: CC 439 | LRC 7 0 points1 point2 points 11
hours ago (3 children)
Haha. This.
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[–]SkankHunt42-___- 1 point2 points3 points 11 hours ago (2 children)
Careful, soon those moons will have to be reported if it reaches $1
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[–]Marrr_tyPlatinum | QC: CC 439 | LRC 7 1 point2 points3 points 11
hours ago (0 children)
I’ll worry about that if I e s up selling anything.
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[–]Pr0MeisterTin 1 point2 points3 points 9 hours ago (0 children)
Also, a lot of people will be reporting to their own countries Revenue
services and not these guys, because y'know, we ain't all in the US of
A
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[–]AncientCauliflower47Tin | r/SSB 6 0 points1 point2 points 11 hours
ago (1 child)
Careful what you wish for. Moons are quite volatile 😁
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[–]SkankHunt42-___- 0 points1 point2 points 11 hours ago (0 children)
Unless moons reach $10, i'm quite safe for now x)
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[–]AltruisticPops 0 points1 point2 points 11 hours ago (0 children)
US senator can smell my sweaty balls.
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[–]NuewimPlatinum | QC: CC 613, ETH 31 | TraderSubs 31 0 points1
point2 points 11 hours ago (0 children)
US Senators would love you to report everything from time you spend on
the toilet to how many breaths you take daily and tax you for it.
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[–]Comicaz3 0 points1 point2 points 11 hours ago (0 children)
US senators would hate for us to vote them out of office, so they’ll
promise you empty promises to keep their positions of power
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[–]pinballrockerTin 1 point2 points3 points 11 hours ago (0 children)
Not surprising.
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[–]lifeiswutumakeitTin | r/WSB 52 0 points1 point2 points 11 hours ago
(0 children)
US senators can stfu
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[+][deleted] 11 hours ago (1 child)
[deleted]
[–]strongkhalSilver | QC: CC 84 | CRO 64 | ExchSubs 64 -1 points0
points1 point 11 hours ago (0 children)
Plot twist: never was
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[–]GeolinearI wished for this 0 points1 point2 points 11 hours ago (2 children)
I don’t even have 10k in crypto. Guess that means my gains are free ?
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[–]Party_Practice_7292 0 points1 point2 points 11 hours ago (1 child)
Keep holding your moons, soon enough you will.
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[–]GeolinearI wished for this 1 point2 points3 points 11 hours ago (0 children)
Hey man, you too. We are doing great at this.
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[–]Dacotetu 0 points1 point2 points 11 hours ago (1 child)
divide transaction into 2 or 3 parts in order divide risk
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[–]prosenl1Platinum | QC: CC 148 0 points1 point2 points 11 hours ago
(0 children)
Or smaller still. Can we get automation for this?
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[–]tehbadge 0 points1 point2 points 11 hours ago (1 child)
Whew, saved by my $12 portfolio
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[–]ProtectionNo1727 0 points1 point2 points 11 hours ago (0 children)
Wait until a few moon distributions and your portfolio will skyrocket !
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[–]TopAlert2383Platinum | QC: CC 55 | AvatarTrading 10 0 points1
point2 points 5 hours ago (0 children)
Let me guess. The dinosaur herself Liz Warren.
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[–]Market-Dependent 0 points1 point2 points 4 hours ago (0 children)
No
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[–]pukem0nPlatinum | QC: CC 1350 -1 points0 points1 point 11 hours ago (1 child)
only if they do the same with illegal campaign contributions
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[–]jaydub1376 -1 points0 points1 point 11 hours ago (0 children)
This…. Most unregulated circumvented bullshit there is.
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[–]Traditional-Pound966 0 points1 point2 points 11 hours ago (0 children)
Yea no....I am not reporting transactions of what ever amount they
pull out of their asses. Good luck to them FOAD
Maa noncompliance is how this is defeated.
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[–]BlubberWallWhat the hell is a flair -1 points0 points1 point 11
hours ago (0 children)
It’s the same as banking rules tbh, if anything I see this as
legitimizing crypto in the governments eyes
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[–]Jcook_14 -1 points0 points1 point 11 hours ago (0 children)
Not too surprising. This is in line with current money transfer
regulations, so I don’t see this outside of standard regulations.
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[–]CoolCoolPapaOldSkoolPlatinum | QC: CC 1293 -1 points0 points1 point
11 hours ago (4 children)
I am open to report my negative —$10,000 transactions
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[–]GeolinearI wished for this -1 points0 points1 point 11 hours ago (0 children)
I will happily report they owe me 10k too.
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[–]AltruisticPops -3 points-2 points-1 points 11 hours ago (1 child)
They don't care about your losses but if you gamble pays off, they want a cut.
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[–]CoolCoolPapaOldSkoolPlatinum | QC: CC 1293 -1 points0 points1 point
11 hours ago (0 children)
Profits are theirs and losses are ours, that’s governments for you.
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[+][deleted] 11 hours ago (1 child)
[deleted]
[–]TheHudinatorBronze -1 points0 points1 point 11 hours ago (0 children)
Awesome! Looks like they'll new r be bothering little ol' me!
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[–]Maximum_Sign2804 -1 points0 points1 point 11 hours ago (0 children)
Happy I am from- and live in Europe.
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[–]OMFGROFLMAO2Platinum | QC: CC 30 -1 points0 points1 point 11 hours
ago (1 child)
Can't they just make 2 transactions of $5,000, using 2 different accounts?
I mean, if they're money laundering I don't think they care about
doing extra steps.
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[–]OMFGROFLMAO2Platinum | QC: CC 30 0 points1 point2 points 9 hours
ago (0 children)
I'm honestly curious as to why people downvote comments like this.
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[–]Marrr_tyPlatinum | QC: CC 439 | LRC 7 -1 points0 points1 point 11
hours ago (0 children)
This is much better than I would expect. At one point they were
talking anything over $600. Need the break on my future moons bag 🚀
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[–]hajro992 -1 points0 points1 point 11 hours ago (0 children)
screw you and the SEC
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[–]GregoryonetulumTin -1 points0 points1 point 11 hours ago (0 children)
And I want good politicians. So we both don’t get it, it’s fine.
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[–]Lhadar31Tin | CRO 5 -1 points0 points1 point 11 hours ago (0 children)
I will report it after the bull run
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[–]SwoopscooterPlatinum | QC: CC 23 | PoliticalHumor 48 -1 points0
points1 point 11 hours ago (0 children)
I dont know much about roger marshall but graham, warren and manchin
are some of our worst senators.
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[–]Legitimate_Suit_3431 -1 points0 points1 point 11 hours ago (0 children)
if you got that much money you can't divide the amount down below 10k,
you be living good.
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[–]ExpensiveCategory854Bronze | QC: CC 15 | SHIB 20 | Pers.Fin. 19 -1
points0 points1 point 7 hours ago (0 children)
Anything Warren touches turns to shit.
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[–]NotPresidentChumpPlatinum | QC: DOGE 340, CC 105 | r/WSB 180 -1
points0 points1 point 7 hours ago (0 children)
I’ll disclose if they disclose. An awful lot of Senators had kids
working in Ukraine as advisors or board members before Putin invaded.
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[–]Dull-Wear-3286 0 points1 point2 points 11 hours ago (0 children)
My accountant - Why do you always do transactions in $9999?
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[–]LinophryneTin 0 points1 point2 points 11 hours ago (0 children)
This is done already in Canada. Doesn't stop me.
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[–]dubski04021Silver | QC: ETH 97, CC 54, BTC 26 | SHIB 41 |
TraderSubs 88 0 points1 point2 points 11 hours ago (0 children)
Want is a very loose word to choose…I want $1,000,000, I want my
girlfriend to workout…they want, but they can suck it
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[–]TotalBeefcallTin 0 points1 point2 points 11 hours ago (0 children)
Can someone tell these dinosaurs that the future is now.
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[–]Lcmac12Bronze | CRO 5 | r/WSB 64 0 points1 point2 points 11 hours
ago (0 children)
FBAR reports are not used to report transactions. They simply ask for
the highest balance of each account over the course of the tax year
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[–]masedogg98 0 points1 point2 points 11 hours ago (0 children)
If there’s one thing you can count on in crypto it’s that if ole Lizzy
Warren is involved it won’t end well! That lady is a total damper on a
crypto party for sure.
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[–]ibrawTin 0 points1 point2 points 11 hours ago (0 children)
They resent autonomy
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[–]snowmichaelh 0 points1 point2 points 11 hours ago (0 children)
I want US senators to report every $10,000 they spend.
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[–]Crypto-Jim33 0 points1 point2 points 11 hours ago (0 children)
I would simply use 10 transactions of 1k
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[–]Urticans 0 points1 point2 points 11 hours ago (0 children)
Good thing i only ever lose money. Honestly shocked that they dont
want to tax me on that too.
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[–]PurplerRaincome as you are 0 points1 point2 points 11 hours ago (0 children)
False headline. IRS wants you to report every transaction.
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[–]TheRealCRexPlatinum | QC: CC 63 0 points1 point2 points 11 hours
ago (0 children)
Shoot, I want to report crypto transactions over $10,000 too. Now, how
do I get $10,000 or more
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[–]KaydeeKaine 0 points1 point2 points 11 hours ago (0 children)
Who paid Warren? She knows nothing about the industry yet keeps
shouting regulation.
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[–]KIG45 0 points1 point2 points 11 hours ago (0 children)
I understand when I withdraw my millions I do it in 500 parts of $9999
instead of 2-3 times.
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[–]WonzkyPlatinum | QC: CC 986 0 points1 point2 points 11 hours ago (0 children)
Jokes on them, I'm poor
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[–]IcyLingonberry5007Bronze | QC: ALGO 20 0 points1 point2 points 10
hours ago (0 children)
Of course they do..
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[–]ApprehensiveClub6028 0 points1 point2 points 10 hours ago (0 children)
None of this shit will matter for like 10 years
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[–]JesusCrits 0 points1 point2 points 10 hours ago (0 children)
fuck that bitch. you can't choose which law to follow and which laws
to ignore. fix the fucking border and quit paying illegals if you want
to actually follow laws.
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[–]Schloss_RatiborTin 0 points1 point2 points 10 hours ago (0 children)
Just fill out your taxes correctly not so damn hard. Gov always wants
their cut. We had our 10+ years of funtime.
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[–]risingcrow1o1 0 points1 point2 points 10 hours ago (0 children)
Hold of them to assume I have close to $10k
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[–]Agile_Ad_7061 0 points1 point2 points 10 hours ago (0 children)
Haha. No way!🙂
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[–]Easy-Medicine-8610Tin 0 points1 point2 points 10 hours ago (0 children)
This is already the standard for any money spent amounting to 10k or
less over a year time. Are you all suddenly not ok with that now that
its crypto? I disagree with it in all currencies.
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[–]Wololo--WololoTin 0 points1 point2 points 10 hours ago (0 children)
How about they start by reporting their own insider trading.
Or everytime they spent $10K of tax payers money.
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[–]A_grey_sheepTin | SHIB 13 0 points1 point2 points 10 hours ago (0 children)
And I want them to stop insider trading.
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[–]Berodur 0 points1 point2 points 10 hours ago (0 children)
Not that dissimilar to current banking reporting requirements.
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[–]excubitor15379 0 points1 point2 points 10 hours ago (0 children)
I want all politicians to report their transactions and inside
trading, can we make a deal then?
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[–]economist_kinda 0 points1 point2 points 10 hours ago (0 children)
How about we start by reporting every political donation over $10,000?
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[–]blueblurspeedspinBronze | Superstonk 77 0 points1 point2 points 10
hours ago (0 children)
ill be keeping my anonymity and my money to myself. once congress
stops trading the traditional markets ill grow more inclined to comply
with fairness. until then, suck deez.
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[–]Tasmic_Wales 0 points1 point2 points 10 hours ago (0 children)
Meanwhile I'd like them to do their jobs
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[–]Mr_GrowhairTin 0 points1 point2 points 10 hours ago (0 children)
Useless
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[–]Popular_District9072Tin | CRO 9 0 points1 point2 points 10 hours
ago (0 children)
i don't mind sending two transactions for $5k each just show how
pointless this attempt to assert control is
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[–]Ben_Dover1234Bronze | QC: CC 18 0 points1 point2 points 10 hours
ago (0 children)
Okay send me your transactions first please (and that of your family members).
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[–]AcademicTortoisePlatinum | QC: CC 93 0 points1 point2 points 10
hours ago (0 children)
We are there boss and I vote no
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[–]lostinpairadice 0 points1 point2 points 10 hours ago (0 children)
Umm pass....
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[–]Bunker_BeansPlatinum | QC: CC 224, BTC 40 | ADA 18 0 points1 point2
points 10 hours ago (0 children)
I want Senators to report lobbying transactions over $10,000.
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[–]Ben_Dover1234Bronze | QC: CC 18 0 points1 point2 points 10 hours
ago (0 children)
The US is becoming to terrible with crypto regulation - they are
missing out on a whole new technology industry.
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[–]Ill-Sandwich-7703Tin | 4 months old 0 points1 point2 points 10
hours ago (0 children)
They’re trying to find their way to recurring £££ and embed themselves
before crypto really goes mainstream
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[–]BrowsingCoinsSilver | QC: CC 403 | CAKE 28 0 points1 point2 points
10 hours ago (0 children)
is this essentially part of the same law that requires you to report
any transaction across borders over 10k?
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[–]masedogg98 0 points1 point2 points 10 hours ago (0 children)
Elizabeth Warren is truly an issue for the cryptocurrency space she
always has some off the wall policy she’s trying to push.
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[–]FGTRTDtradesTin 0 points1 point2 points 10 hours ago (0 children)
Not saying I agree but this is in line with fiat purchases also. At
least its consistent I guess
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[–]FlapJackson420Bronze | ADA 8 0 points1 point2 points 10 hours ago
(0 children)
Offshore Accounts ....
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[–]LardbearPlatinum | QC: CC 71 0 points1 point2 points 10 hours ago
(0 children)
Surely the more popular crypto gets, this will just end up costing the
government thousands of dollars in administration costs.
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[–]Due-World2907Tin 0 points1 point2 points 10 hours ago (0 children)
As long as they do the same for any behind the scenes payments then we
have a deal 🤡
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[–]Scholes_SC2HODL 0 points1 point2 points 10 hours ago (0 children)
I'll never have to report anything then
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[–]DontListenToMe33Platinum | 5 months old | QC: BTC 35, CC 19 |
Stocks 29 0 points1 point2 points 10 hours ago (0 children)
I can do that
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[–]OkCycle5884 0 points1 point2 points 10 hours ago (0 children)
This bill's changing the game. Wallet providers and validators going
legit as financial institutions? Crypto's evolving
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[–]_who_is_they_ 0 points1 point2 points 10 hours ago (0 children)
Them first.
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[–]brian_kkingBronze | r/WSB 20 0 points1 point2 points 9 hours ago (0 children)
Oh how free we are...
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[–]Duomax81Tin 0 points1 point2 points 9 hours ago (0 children)
I only trade in $9,999 amounts.
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[–]EpicHasAIDS 0 points1 point2 points 9 hours ago (0 children)
Just like reporting for cash transactions of more than $10K.
It's just a copy of the cash transaction reporting and frankly, should
come as no surprise. It's sort of a classic money laundering thing.
The funny part is, just like the $10k cash reporting rule, I would
venture 99% of you won't ever be affected by it.
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[–]plopsevenPlatinum | QC: CC 86, BTC 43 | DayTrading 8 | Technology
116 0 points1 point2 points 9 hours ago (0 children)
US senators can’t yell at the commoners while they inside-trade stocks
on privileged information.
I honestly don’t understand how they can pass regulations that would
only affect other people while letting the status quo work for them.
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[–]SeatedDruidHe who slings the shit ;) 0 points1 point2 points 9
hours ago (0 children)
Ewwwww
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[–]Forsaken-Weird-8428 0 points1 point2 points 9 hours ago (0 children)
I want to know in real time donations and rorts!
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[–]Temporary_Ad_5947 0 points1 point2 points 9 hours ago (0 children)
If my wallet becomes its own financial institution do I finally get
access to that dark pool everyone trades on?
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[–]soyelvorphViva Mexico Cabrones 0 points1 point2 points 9 hours ago
(0 children)
I wish I have 10,000 usd to transact.
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[–]Comfortable-Double94Platinum | QC: DOGE 21 0 points1 point2 points
9 hours ago (1 child)
How about they disclose all of their insider trades that net them more
than $10,000?? Oh they won’t do that? Shocking
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[–]SeisouhenPlatinum | QC: CC 57, BTC 52 0 points1 point2 points 8
hours ago (0 children)
Nancy Pelosi would like to have a word
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[–]manus101010Platinum | QC: CC 54 0 points1 point2 points 9 hours ago
(0 children)
Good thing my weekly DCA is only $76
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[–]Gooner_93Tin 0 points1 point2 points 9 hours ago (0 children)
Crypto is so useless and dangerous but they want a piece of your
profits from it. Go figure.
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[–]sammybwise53Tin 0 points1 point2 points 8 hours ago (0 children)
Well I want them to report insider trading.
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[–]micro-ioTin 0 points1 point2 points 8 hours ago (0 children)
These bloodsuckers will never give up.
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[–]SeisouhenPlatinum | QC: CC 57, BTC 52 0 points1 point2 points 8
hours ago (0 children)
Fine I will just do $9,999.99
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[–]CoolDragon_Here4 - 5 years account age. 125 - 250 comment karma. 0
points1 point2 points 8 hours ago (0 children)
Soon you won’t be able to buy anything with cash, because only
criminals use cash.
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[–]xof711 0 points1 point2 points 8 hours ago (0 children)
Fuck 'em hard
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[–]RunsOnJava98 0 points1 point2 points 8 hours ago (1 child)
What’s the penalty of noncompliance?
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[–]Probably_notabotTin | CC critic 0 points1 point2 points 4 hours ago
(0 children)
Depends on how good you are at it!
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[–]cedarrapidsiausTin 0 points1 point2 points 8 hours ago (0 children)
so when you need to transact approximately 1 million dollars, do 100
transactions of $9,999.99.
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[–]RunsOnJava98 0 points1 point2 points 8 hours ago (0 children)
What a gross overreach. I can’t believe Lindsay Grahm is supporting
her on this too. Despicable.
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[–]StryderixTin 0 points1 point2 points 8 hours ago (0 children)
Why? So they can insider trade even more.
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[–]StamInBlackTin 0 points1 point2 points 8 hours ago (0 children)
See, this sounds much more reasonable than $600.
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[–]FattyFireKidPlatinum 0 points1 point2 points 7 hours ago (0 children)
Haha hahaha no
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[–]Ok_Play_7144Tin 0 points1 point2 points 7 hours ago (0 children)
"Gimme gimme never gets"
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[–]bears_or_bullsBronze 0 points1 point2 points 7 hours ago (0 children)
Sure. First let them stop insider trading since you know that’s
illegal and everything. And second, they should also report as well
since most likely they think this will only apply to the commoners and
not them.
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[–]Magnus_Effect_KalsuBronze 0 points1 point2 points 7 hours ago (0 children)
Can I just reply, see Alex Mashinsky?
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[–]dabornstein 0 points1 point2 points 7 hours ago (0 children)
Must be nice to have $10,000 to report
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[–]Gossipmanghere for the tech sometimes 0 points1 point2 points 7
hours ago (0 children)
Lol good luck with that.
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[–]Mikehaueter 0 points1 point2 points 7 hours ago (0 children)
No.
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[–]Blunts_bunnyPlatinum | QC: CC 35 | Buttcoin 11 0 points1 point2
points 7 hours ago (0 children)
No thanks
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[–]MisterD00d 0 points1 point2 points 7 hours ago (0 children)
I sold a JPEG for 80 cents today... I don't think I have to worry
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[–]Puddin-Luv 0 points1 point2 points 6 hours ago (0 children)
And Cash isn't the main choice for drug dealers and rouge nation.
Easier to hide cash then it is to hide a crypto transaction. Dinasors
in office now. We need a lot younger blood there just scared of
technology. Or losing there contributions.
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[–]bush--Tin | Mac 13 0 points1 point2 points 6 hours ago (0 children)
People have more than 10k in crypto? 🥺
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[–]Creative_Visit122Tin 0 points1 point2 points 6 hours ago (0 children)
Phew
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[–]MineHunterxBBronze | TRX 25 0 points1 point2 points 6 hours ago (0 children)
Well, I lost 10,000 in a boating accident.
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[–]kaasrapsmenTin 0 points1 point2 points 6 hours ago (0 children)
Another day of our being glad I'm not American
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[–]Kenjiquest2018 Survivor 0 points1 point2 points 5 hours ago (0 children)
My tax office sends me subtle general e-mail reminders telling me to
report my crypto trades... (Australia)
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[–]pcakes13Silver | QC: CC 300, ETH 65, DOT 23 | ADA 77 | Superstonk
214 0 points1 point2 points 5 hours ago (0 children)
No, lol
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[–]standardcivilian 0 points1 point2 points 5 hours ago (0 children)
I bet they do.
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[–]SmallReflection2552Bronze | QC: CC 19 0 points1 point2 points 5
hours ago (0 children)
Awwww....isn't that so adorable.
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[–]GrunblauPlatinum | QC: CC 410, BTC 71 | r/WSB 214 0 points1 point2
points 4 hours ago (0 children)
I want them to report contributions over $10k to me, personally. If
they are within my voting ballot, I want a phone call asking me if it
is okay if they accept payment.
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[–]klayizzelBronze 0 points1 point2 points 4 hours ago (0 children)
I will report it when it leaves the casino.
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[–]fairysquirtTin | BANANO 17 0 points1 point2 points 4 hours ago (0 children)
It is a public Blockchain...report eVery time youre an idiot to
people, oh wait they do and make it legistation.
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[–]Probably_notabotTin | CC critic 0 points1 point2 points 4 hours ago
(0 children)
Today it’s 10k, then they’ll lower it to 5k, then it’s anything over
$600 and so on. Incrementalism is how they wear you down, don’t let it
happen.
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[–]RamboBalboa21Tin 0 points1 point2 points 3 hours ago (0 children)
Nice, my 5 dollar trades are safe!
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[–]Unable_Ad5430 0 points1 point2 points 3 hours ago (0 children)
Yeahhhhh that’s gonna be a no for me dawg
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[–]ImpetusinSilver | QC: CC 354, BTC 73, ETH 41 | NANO 135 | r/WSB 253
0 points1 point2 points 3 hours ago (0 children)
It’s not really a big deal to do, but the penalties for not filing
FBAR are currently insane and ridiculous. It’s also a pain to report
on a website running on a hamster wheel and I expect most people won’t
understand how to do it properly. In any case, follow the law and file
with requirements. It costs you nothing to do and saves you from a
world of hurt.
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[–]hahaa242 0 points1 point2 points 3 hours ago (0 children)
Well since you asked so nicely, no
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[–]Little-Cold-Hands 0 points1 point2 points 3 hours ago (0 children)
Op will need to report on his moons 😅
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[–]mr_sewPlatinum | QC: BTC 55 0 points1 point2 points 2 hours ago (0 children)
I want all of congress to immediately and publicly report all security
and cryptocurrency trades any time they happen.
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[–]GotStuckedTin 0 points1 point2 points 2 hours ago (0 children)
(っ'-')╮ =͟͟͞🌝
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[–]WordofDogeRedditor for 2 months. 0 points1 point2 points 2 hours
ago (0 children)
Isn't declaring or providing proof for anything cash/investment/money
based that is 10k or over ? Or does the US not have those sorts of AML
laws?
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[–]OfWhomIAmChiefPlatinum | QC: XMR 66 0 points1 point2 points 2 hours
ago (0 children)
laughs in Monero
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[–]AlligatorDerbyPlatinum | QC: CC 103 0 points1 point2 points 2 hours
ago (0 children)
I'll report when They lock their stocks in a trust.
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[–]Zoomthenature 0 points1 point2 points 1 hour ago (0 children)
This could have significant implications for the crypto industry and
its users ...
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[–]goofytigreShitcoin Connoisseur 0 points1 point2 points 1 hour ago
(0 children)
While I lean towards, "Fuck no," I know the same happens with a $10k+
transaction in USD. I haven't looked too much into this, but I don't
see any difference in reporting a $10,000 cash transaction vs a
$10,000 crypto transaction.
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[–]jesser9Tin | CAKE 9 0 points1 point2 points 1 hour ago (0 children)
Not happening
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