chenGOD

Yes but since the supply of BTC is fixed and money launderers still prefer BTC over monero or other privacy coins (for the moment), we can hypothesize that the percentage of crypto used for money laundering will remain steady. Law enforcement is seeing an increase in money launderers using crypto (ie moving from cash to crypto), and since privacy coins and decentralized exchanges will continue to grow and develop, the problem will continue to grow. The internet was initially just text pages, and had very little to do with porn (mmm those sweet ASCII tittie pics) or criminality. It was all about academic research and sharing of information/discussion. Even with the advent of the web, criminality played a minor role (porn is not criminal, nor is discussion of drugs). So I personally don’t think that’s a great analogy.

Apologies, I believed the Cryptocurrency Tax Fairness Act has passed. It is still before Congress. It is however important to note that the IRS has only created guidance, and it is not yet code. So while crypto is treated as property at the moment, that could change very easily. In Canada it’s slightly different, but I won’t bore people with the details there. Anyhow apologies to Zeff on that point. I don’t disagree with a lot of your other points, but I will argue that the percentage of cash being used in money laundering is much less than the percentage of crypto being used in money laundering. Also ripple is getting the shit kicked out of it, deservedly so. The creators of ripple were very explicit in saying the token shouldn’t be seen as an investment. The token does have utility, but it is wildly overvalued (I don’t own any, no shilling here).

1) That hasn't explained why it's a bad tax situation - you've just repeated yourself. It's not unsustainable in the slightest. Forex traders pay taxes, a large percentage of which is subject to the fluctuation of value of foreign currency, as capital gains will vary based on the amount of profit you've gained. If you purchase a good or a service with crypto, you are not subject to taxes on that transaction. If you trade one crypto for another you are subject to taxes much like forex traders are (not identical situations, but certainly not completely dissimilar). 2) Price differential is inherent in markets, not hyperinflation. You cannot guarantee that hyperinflation will never happen with crypto, because currencies are subject to supply shocks and the value of other currencies just to name two possible external factors on the value of a currency, 3) No, inflation does not always equal devaluation - largely due to international trade. If economies were completely closed, then yes - the premise would be correct. However because they are not, inflation does not always equal devaluation. The premise that a higher supply of money means inflation is also incorrect. Here is an easy explainer: https://www.forbes.com/sites/johntharvey/2011/05/14/money-growth-does-not-cause-inflation/#\ You have not explained how no value is created out of nothing - you simply said that value only exists for hard forks because people choose to give them value. However, people have clearly chosen to give value to forks such as BCH, BTG, and ETC - hence value was created out of nothing (as people got those forked coins simply because they held BTC or ETH at the time of the fork). 4) Earlier in the thread you wrote - "fiat holders do not get a boost in their fiat stashes like crypto holders during crypto forks do." This implies that crypto holders get a "boost" in their crypto stashes, and a correspondent boost in fiat. You then wrote, "Crypto holders do not inherent get a boost in the fiat valuations of their crypto stash from hard forks..." These two statements are contradictory. To be fair, you provide a disclaimer when you wrote that, "...they only do if people think those hard forks are valuable." However, clearly people give value to some of those hard forks, as noted in point 3. 5) When you wrote "Fiat currencies are backed by the full force of their respective countries, fair enough - and this is often good enough. But it's not perfect," - The saying is "don't let perfect be the enemy of good." Which means just because something isn't perfect shouldn't prevent it from being used, if it is good enough. There are certainly problems with fiat, but the system is actually very good. Terrible regulations and policies that allow the wealthy to avoid taxes are certainly problems that stimulate inequality - but crypto won't solve those. 6) You provided information that was essentially incorrect, and I corrected it. As a result m-pesa went from "proving that widespread adoption is possible" (widespread adoption of what? payment processors using mobile networks? Japan and South Korea proved that was possible in 2004) to being analogous to a "centralized shitcoin". However, even that description is inaccurate - because it's not a currency. The point may be made that mobile banking is popular in developing nations. For payment processors using blockchain (and mobile banking, though not exclusively), examples such as Everex and OmiseGo (although pay processing is only one factor in the overall OmiseGo project) can be looked at, particularly because they have working products. a) Never once have I used a straw man argument, my responses are always on topic. However, when you write that I don't understand the topic or how markets work is clearly an attempt to attack the intelligence of the person you are debating. This is fairly obviously an ad hominem argument, and one which I will not respond to beyond identifying it as such. b) See my response to a), as you repeat yourself. Sorry to all that just see these walls of texts.

1) Why is that a “bad tax situation”? 2) This is inherent in markets. Bread will not cost the same around the world regardless of it being priced in fiat or some crypto. 3) Nothin to do with inflation (which by the way doesn’t always equal devaluation). Simply that you said no value was created out of nothing in crypto earlier in the thread (or words to that effect), but I’m illustrating this is simply not true. 4) You’re saying the opposite of what you said earlier. Make up your mind. Also, not all cryptos are deflationary. 5) Ever heard the saying “don’t let perfect be the enemy of good”. The crypto market is undervalued with respect to fiat? But I thought you wanted to replace fiat with crypto. Which is it man - you can’t have your cake and eat it too. 6) Widespread adoption of a payment processor? That’s not really a technological leap. Again, blockchain tech offers a lot of positive things. Crypto currencies can be useful in some situations, but they are inherently susceptible to the whims of a few people (or coalitions), are only backed by the belief of people that they have value, and are susceptible to being hacked. Plus the markets are completely manipulated - see how the BTC futures markets have turned out for small investors.

If their money is worthless, how are they buying bitcoin?And if there are no central authorities authorizing anyone, why do you have to do KYC to get in on ICOs and exchanges? (Ignoring the DEXs for now, those that currently exist suck donkey balls, and liquidity issues are always going to be a problem) What will happen Is governments will create their own digital currencies, banks will use permissioned block chains, and even more oversight over personal finances will be exerted by regulators. I’m good though, I made a bunch of cash off my “investments”. It's not "worthless" it's just worthless in comparison to the fiat denominations used - trillions of dollars to buy loaves of bread. And they cannot hold it for extended periods of time because it is continually being devalued. The situation right now with centralized exchanges is simply a growing pain we are moving through. Things like localbitcoins help sidestep that, and the situation will get better as time moves on. Governments will indeed create their own digital currencies (Putin is planning to), banks will indeed create permissions block chains (Ripple), but nobody who understands will choose to use it. If people want to they will, if they don't want to they won't. Privacy coins like monero sidestep all regulation And it's nice to see that you view this technology as an "investment" instead of a technology and social revolution Monetize is a giant pain in the ass to use. I like Ethereum and smart contracts, I believe that’s where the real value in all of this lies. Transparent, trustless contracts will enable a new realm of business opportunities. All this whining about “muh taxes” is ridiculous nonsense. You live in a first world country because your taxes provide infrastructure, governance, regulation, and stability. Since the entryway to BTC is through fiat, and the Venezuelan fiat is worthless, how are they buying BTC? And again, BTC forks literally created free money (if you hold BTC, you get the forked coin). And speaking of Tx times/fees, what’s the average BTC Tx time and fee? 1. I'm not wining about muh taxes, I am a liberal who votes for higher taxes against myself. I'm simply pointing out a fact which you've conveniently ignored - the tax situation has nothing to do with crypto and everything to do with the, well, only the tax situation 2. Did you not understand what I said about Venezuelan fiat? It's not worthless, you just need large quantities of it to buy anything because the denominations are off, and it's experiencing hyper inflation 2(a) I have no fucking idea where they're buying it, but once again that's irrelevant because I'm not even talking about the situation as it stands right now, I'm talking about how things will be once the technologies mature. 3. BTC forks do not create free money unless someone values the altcoin enough to buy it. Look at the countless BTC forks that are worthless. I can make a BTC fork right now and it would be worthless because nobody would buy it. People can create altcoins - that doesn't mean BTC itself is being inflated because there is only one BTC 4. And if you're getting free money valued in inflationary fiat in the form of extra altcoins after a fork, that's literally the opposite of creating a larger quantity of fiat and devaluing existing fiat because fiat holders do not get a boost in their fiat stashes like crypto holders during crypto forks do. It's the exact opposite thing. I think you're confusing denomination, supply, and value. I'll answer these in order. 1. What tax situation are you talking about? 2. Yes the bolivar is suffering from hyper-inflation which makes it effectively worthless. Semantics do not make a good argument. 2(a). They (Venezuelans) cannot effectively buy BTC because their currency is effectively worthless. Since there are very few on-ramp options except fiat to BTC or ETH, they cannot purchase it, as a bolivar trades at 3000 to $1 USD, and average monthly income in Venezuela is $20, using black market exchange rates. You might be talking about when technologies when they mature, but that's of little comfort to Venezuelans right now. 3. Both Bitcoin Cash (BCH) and Bitcoin Gold (BTG) are in the top 20 cryptos, along with BTC itself. Because one received BCH and BTG simply because one held BTC, this is literally the definition of creating something out of nothing. And while I'm not aware of any online vendors (legit, I don't use DarkWeb marketplaces) that accept either BCH or BTG, if one did, then again, free money has been created (if we define money through its main functions as a medium of exchange, a store of value, and a unit of account). 4. It's not devaluing existing fiat (a loaf of bread costs the same in USD regardless of how many BTC forks there are), it's providing opportunity to sell a newly created token for existing fiat. And thank you for saying that crypto holders get a boost in their fiat stashes - that's the most honest thing you've said so far. Look, I quite like a lot of the tech that is coming out of this - as I've said before, Ethereum and smart contracts are very exciting and will provide the base for internet 3.0. Payment processors like OMG and Everex will change how money flows across the world. There are a lot of other exciting projects being developed on blockchains (and subsets thereof). But cryptocurrencies are not going to replace government backed currencies, because people enjoy stability and security from these. There was conversation earlier in the topic about what gives something value. The US dollar is backed by the full force of the government, which provides value. Same goes for all other first-world countries (and a lot of "third-world" countries too). And while the total value of the crypto market stands at $825 Billion, which seems impressive, it really pales in comparison to just traditional stock markets, which is somewhere around $73 Trillion. And that's not counting derivatives, which I think are a giant house of cards anyway, and should be illegal (a conversation for a different day). And until crypto currencies gain that backing and/or the regulation that occurs now in the stock markets, they will not replace government backed money, nor will they ever really be a really viable option for people looking to invest for their future. This is the coolest thing in this thread by far. It's also wildly inaccurate. M-Pesa is a payment processing platform, that allows people to use their mobile phones to do all kinds of financially related activities, using the Kenyan shilling. http://www.cnn.com/2017/02/21/africa/mpesa-10th-anniversary/index.html It was also launched before Bitcoin was invented (or at least publicly announced), as M-Pesa came into being in 2007. ...Wildly inaccurate? Those articles confirm everything I said. And it's nothing like Bitcoin it's a completely centralized service offered by companies. It's not a currency, nor is it the dominant currency in Kenya. It's a payment processor. So it's wildly inaccurate in that sense. I only brought up Bitcoin in case people thought it had something to do with either that or blockchain technology - it doesn't.

This is the coolest thing in this thread by far. It's also wildly inaccurate. M-Pesa is a payment processing platform, that allows people to use their mobile phones to do all kinds of financially related activities, using the Kenyan shilling. http://www.cnn.com/2017/02/21/africa/mpesa-10th-anniversary/index.html It was also launched before Bitcoin was invented (or at least publicly announced), as M-Pesa came into being in 2007.

We have a history of cunt managers, our last one did quite well. :) Also conte is a clown. That tantrum he threw like a 3 year old after one of Morata’s misses was fucking embarrassing.

If their money is worthless, how are they buying bitcoin?And if there are no central authorities authorizing anyone, why do you have to do KYC to get in on ICOs and exchanges? (Ignoring the DEXs for now, those that currently exist suck donkey balls, and liquidity issues are always going to be a problem) What will happen Is governments will create their own digital currencies, banks will use permissioned block chains, and even more oversight over personal finances will be exerted by regulators. I’m good though, I made a bunch of cash off my “investments”. It's not "worthless" it's just worthless in comparison to the fiat denominations used - trillions of dollars to buy loaves of bread. And they cannot hold it for extended periods of time because it is continually being devalued. The situation right now with centralized exchanges is simply a growing pain we are moving through. Things like localbitcoins help sidestep that, and the situation will get better as time moves on. Governments will indeed create their own digital currencies (Putin is planning to), banks will indeed create permissions block chains (Ripple), but nobody who understands will choose to use it. If people want to they will, if they don't want to they won't. Privacy coins like monero sidestep all regulation And it's nice to see that you view this technology as an "investment" instead of a technology and social revolution Monetize is a giant pain in the ass to use. I like Ethereum and smart contracts, I believe that’s where the real value in all of this lies. Transparent, trustless contracts will enable a new realm of business opportunities. All this whining about “muh taxes” is ridiculous nonsense. You live in a first world country because your taxes provide infrastructure, governance, regulation, and stability. Since the entryway to BTC is through fiat, and the Venezuelan fiat is worthless, how are they buying BTC? And again, BTC forks literally created free money (if you hold BTC, you get the forked coin). And speaking of Tx times/fees, what’s the average BTC Tx time and fee?

Sometimes, other people say exactly what I want to say. Also there are tax solutions out there for crypto that will take all of your transactions etc etc and automagically prep a tax return for you.

If their money is worthless, how are they buying bitcoin? And if there are no central authorities authorizing anyone, why do you have to do KYC to get in on ICOs and exchanges? (Ignoring the DEXs for now, those that currently exist suck donkey balls, and liquidity issues are always going to be a problem) What will happen Is governments will create their own digital currencies, banks will use permissioned block chains, and even more oversight over personal finances will be exerted by regulators. I’m good though, I made a bunch of cash off my “investments”.

State issued currency - central control, they issue as much as they want. In places like the US they have a decent currency, the USD which only loses 3% in value yearly. In other places like Venezuela they have 100000% yearly inflation meaning their currency is absolute garbage compared to even the biggest shittiest cryptocurrency, quite literally Fiat = printed by government Banks = fractional reserve lending = multiplication of money supply which forms a feedback loop since some lent funds result in deposits into the bank AGAIN which they can then lend out fractionally. Fractional reserve banking is a massive bubble - deflationary cryptocurrencies eliminate the possibility of this happening since you can't create currency out of thin air to lend to people Lol how many bitcoin forks have there been and how many more are planned?

I think at that point murder is literally justified.

Easy solution. Forego sleep.

Instead of an embarrassment of riches, America now has a richness of embarrassment.

I just.... I don't know... I can't... https://www.theguardian.com/world/2017/dec/22/us-ambassador-to-netherlands-describes-own-words-as-fake-news

watching anthony bourdain's travel show where he went to japan. the guy with the most exclusive sushi restaurant goes to the fish market late and buys the cheaper leftovers and then freezes it. he believed that overly fresh fish has no taste o_O watching anthony bourdain's travel show where he went to japan. the guy with the most exclusive sushi restaurant goes to the fish market late and buys the cheaper leftovers and then freezes it. he believed that overly fresh fish has no taste o_O oh ha i didn't read downWatch “Jiro Dreams of Sushi” - always at the market early. Buy it fresh and then age it, for the fish that require aging. That’s what I’m talking about when I say fresh. Also, buying it at end of day at Tsukiji is a lot different than getting it delivered by plane to wherever.

Almost as good as LOST for those qualities. It’s missing a certain je ne sais quois that LOST had in terms of vague plots that do nothing to move the show forward.

Man you live in Victoria - any decent sushi restaurant should be getting their fish every day at the market.

Can we hear the tracks once the contract is complete?

High temperature to season the pan. Unless you want the smoke to fill your house and infiltrate into the pan itself... There is another way to season the pan, but it takes all day. And I can’t remember who posted, but if you take care of your Teflon pan, it should last around a decade with all of its non-stick properties. Not as long as a cast-iron, but they serve different purposes. And cast iron pans, while they’re fantastic (I own two, one enameled, one not), are not the same as a good non-stick for cooking that requires a non-stick pan. Different tools for different jobs and all that.

No. You want an oil with a high smoke point, as seasoning is done at a high temperature. Peanut oil, sunflower oil both work well.

Are you getting free gear out of the gig as well as getting paid?

Cast iron is still very bomb tho.

Proper non-stick pan you don’t need any oil. You just drop th egg in over med-low and it’s done. Easiest clean-up ever.

Just to inform, cast iron is not non-stick. Like for fried eggs, an actual non-stick pan wins hands down every time. First thing I made when I picked up my latest cast iron was some cornbread. Hot damn it was good.