LordFall

Trump Launched a Meme Coin

28 posts in this topic

@LordFall Everything you make in cryptocurrency you have to pay capital gains tax. In places like Canada the taxation is over 50% and United States is up to 25% exactly like stocks. That means if I make 10,000 on the Donald Trump coin I have to pay the Canadian government 50% taxes.

All of this is still regulated by the government. This isn't the Wild Wild West.

It's true that you can purchase cryptocurrency illegally untraceably. Without using your own credit card, and then store it separately in a hardware wallet or on a decentralized Exchange. It is illegal to not declare your crypto purchases, and this is true for nearly every government.

If you do make illegal purchases and hide it from the government ,At any point if you want to do anything serious with that money like buy a house or a car this raises red flags and they're going to ask you where you got that money. if anyone finds out you have that money you are going to get audited.

None of this stuff is outside government control and regulation.

Governments have done this for a number of reasons, one is to protect people and to protect their economy because if everyone just starts buying unregulated crypto they will siphon out money from the economy. This is what no one understands when money moves out of the economy into crypto everyone else is getting poor. That means the average person who has no idea what's going on is just going to get poorer and poorer and poorer and there cost the living will keep going up and up and up.

The idealist fantasy that everyone thinks is happening here is that the government is going to be forced to adopt a globalized decentralized deflationary cryptocurrency. But at no point does a government ever have to do that.

If you want to compare gold to crypto. Gold is not some magical thing you could buy without any regulation? There is basically no difference between gold and crypto and all the same regulatory processes are taking place.

Yes you could illegally buy Bitcoin outside of the watch of the government, and then you would need to literally launder it back into the system or do very small purchases that are untraceable or convert that to cash through some roundabout way. All of this extremely illegal. Everywhere around the world.

I don't see a single situation where the government is not regulating all of this. If there's some AI economy where AI runs in some decentralized system, then computers need to power all of that, and anyone running those computers needs to get paid, and all of that income is regulated by the government.

Edited by integral

StopWork.ai - Voice Everything Browser Extension

How is this post just me acting out my ego in the usual ways? Is this post just me venting and justifying my selfishness? Are the things you are posting in alignment with principles of higher consciousness and higher stages of ego development? Are you acting in a mature or immature way? Are you being selfish or selfless in your communication? Are you acting like a monkey or like a God-like being?

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I wish they the make a crypto university so we can all get educated on meme coins. It's such a complicated subject it's almost like quantum mechanics, especially the Hawk Tuah girl coin.

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@FourCrossedWands I've studied this for many years, I could probably help out here if you have any questions?

Or use AI.

Edited by integral

StopWork.ai - Voice Everything Browser Extension

How is this post just me acting out my ego in the usual ways? Is this post just me venting and justifying my selfishness? Are the things you are posting in alignment with principles of higher consciousness and higher stages of ego development? Are you acting in a mature or immature way? Are you being selfish or selfless in your communication? Are you acting like a monkey or like a God-like being?

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1 hour ago, LordFall said:

Will all due respect Leo I think you're undereducated on cryptocurrency.

Don't even.


You are God. You are Truth. You are Love. You are Infinity.

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30 minutes ago, integral said:

@FourCrossedWands I've studied this for many years, I could probably help out here if you have any questions?

Or use AI.

I am already communicating with AI, but it's not very bright...

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Just now, FourCrossedWands said:

I am already communicating with AI, but it's not very bright...

Learning how to communicate with AI effectively is a skill you must develop over time and with experience. It is different than communicating with a human. 


I AM transitioning

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12 minutes ago, Yimpa said:

Learning how to communicate with AI effectively is a skill you must develop over time and with experience. It is different than communicating with a human. 

To me it feels like it's getting dumber as we speak. When it gets too dumb, I just start trolling it for fun.

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