[ExI] bitcoin again

[spike at rainier66.com]

From: extropy-chat <extropy-chat-bounces at lists.extropy.org> On Behalf Of Stathis Papaioannou via extropy-chat
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>>…Damn I have grown cynical in my old age.  Billw, how can we not be cynical?

>…I don’t really understand what you think the problem is with crypto and taxation. It’s not that difficult to monitor if someone has realised a capital gain from crypto. If you can figure out a way to reliably hide capital gains from large crypto transactions, please share it with us.

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Stathis Papaioannou

 

 

 

Stathis I don’t think there is a problem with crypto and taxation, I just think taxes were not paid in this case. Because Bankman Fried didn’t actually make profits (as far as I can tell) he didn’t owe taxes.  He stole investors’ assets, but one doesn’t pay taxes on stolen money, ja?  He invested shrewdly in retail politicians, which is why I don’t think he will be prosecuted in criminal court.  He didn’t invest in IRS goodwill, because it isn’t at all clear how he could have done that without actual legal profit. 

 

In any case Stathis, I am OK with waiting to see how all this plays out.  We should know in the next several weeks the legal consequences and what is likely to play out.  About a year from now we will be able to read about the outcome in the history books.

 

spike 

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