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Reddit Posts

r/BitcoinSee Post

Bitcoin is now part of the mainstream financial system, at least in the USA

r/CryptoCurrencySee Post

USA: Taxes - Where to see the Moons history

r/BitcoinSee Post

New to Bitcoin community, looking for few tips to setup all of it

r/CryptoCurrencySee Post

What USA based exchanges allow withdrawals in USD? Which do you recommend?

r/BitcoinSee Post

BTC transaction still pending after 46 days

r/BitcoinSee Post

Then vs. Now - Bitcoin to Fiat Lender Dataset

r/CryptoCurrencySee Post

Why do almost all ICO / IDO platforms require KYC? How safe it is to do?

r/BitcoinSee Post

🌐 Top 10 countries by bitcoin mining volume USA, China, Kazakhstan, Canada, Russia, Germany, Malaysia, Ireland, Singapore, Thailand, USA The blue scale above each country shows the % of green energy used for mining

r/BitcoinSee Post

Anyone who has digital residency... deposits and withdrawal process

r/CryptoCurrencySee Post

For those of you who have digital residency. How do you deposit and withdraw?

r/SatoshiStreetBetsSee Post

Pocket Network is now available in the USA for the first time, following its listing on Crypto com

r/CryptoMoonShotsSee Post

[Launching In 24 Hours] The Time Has Finally Arrived For The #1 Memecoin w/ a Metaverse To Go Live On Uniswap. With Top Crypto Influencers, Kols & AMA’s Calling da Pinchi Over The Next 7 Days It’s Looking Like An Easy 1000X. CG/CMS Fast Tracked. Doxed Team With Active Community.

r/BitcoinSee Post

El Salvador's homicide rate is now lower than the USA's

r/BitcoinSee Post

Using in El Salvador

r/CryptoCurrencySee Post

I want to transfer money from Russia to USA, using crypto - what is the best way to do it?

r/CryptoCurrencySee Post

Cashing out with tax (USA?)

r/BitcoinSee Post

Bitcoin and International Taxes 🌐📊

r/CryptoMoonShotsSee Post

Grok and Pokemon| Poke-Grok

r/CryptoMoonShotsSee Post

Grok + Pokemon = PokeGrok

r/CryptoMoonShotsSee Post

PokeGrok: 100 KOL channels | Pinksale markering support | Trending + Ave ads

r/BitcoinSee Post

Binance Crashing Down in USA

r/BitcoinSee Post

BTC ATM NO KYC

r/BitcoinSee Post

Trading Crypto in USA

r/BitcoinSee Post

Best exchange for DCA in USA?

r/BitcoinSee Post

Tell me that BTC ETF is NOT similar to an IOU for BTC similar to leaving it on an exchange?

r/BitcoinSee Post

Is it a good idea to buy bitcoin ETF for country outside of USA without capital gains tax?

r/BitcoinSee Post

📢 USA is now selling BitGGoins

r/BitcoinSee Post

Mining concentration and network security - Help me understand.

r/BitcoinSee Post

Why? What does all this mean? And what's to come?

r/BitcoinSee Post

Etf Noobies

r/BitcoinSee Post

Coinbase USA

r/CryptoCurrencySee Post

Any Non KYC exchanges still available in USA?

r/BitcoinSee Post

Yet another mixer seized by the so-very-honest-and-caring-of-our-safety government of USA. When will people start using onion protocols to guarantee true internet freedom?

r/BitcoinSee Post

Could Argentina's stock exchange (almost 200 years old) offer a BTC instrument?

r/CryptoCurrencySee Post

BNB or BUSD in USA

r/BitcoinSee Post

Global Bitcoin based CO2-Emission Trading System

r/BitcoinSee Post

Global Bitcoin based CO2-Emission Trading System

r/BitcoinSee Post

Bitcoin pool - H/W and Pool Recommendation

r/BitcoinSee Post

What a bitcoin world looks like.

r/BitcoinSee Post

I read that in El Salvador the remittances thing has not taken off

r/BitcoinSee Post

How are you preparing for a probable BTC EFT approval?

r/BitcoinSee Post

Question/Thought on ETF

r/BitcoinSee Post

Bitcoin Options - 100k by June?

r/BitcoinSee Post

Bitcoin ETFs my only concern

r/CryptoMoonShotsSee Post

Low and microcap gems to watch now that the bullrun has started, Pt. 2

r/SatoshiStreetBetsSee Post

Low and microcap gems to watch now that the bullrun is here, Pt. 2.

r/BitcoinSee Post

Anti self custody laws?

r/CryptoCurrencySee Post

Koinly now shows long term vs short term holding

r/CryptoCurrencySee Post

Unpopular crypto opinion: The people who tell you to hold through a bear market dont understand how the halvening works, are scared, have a low net worth compared to their income or do so because they think its beneficial tax wise for them....while its not.

r/BitcoinSee Post

Investment 🎊

r/BitcoinSee Post

Greenspan: "USA can pay any debt because it can always print money"

r/BitcoinSee Post

Value of dollar if India buys Russian Oil in Rupees?

r/BitcoinSee Post

A worst case scenario

r/BitcoinSee Post

A big Bitcoin ETF catalyst from this week that not many are talking about!

r/BitcoinSee Post

[USA] What platform do you buy your BTC from before sending it to Cold Storage?

r/CryptoMarketsSee Post

Coinbase potential for a $1 trillion dollar company?

r/BitcoinSee Post

The Economics of a Hypothetical 51% Attack on Bitcoin by a nation state

r/BitcoinSee Post

NEXO brokerage

r/BitcoinSee Post

Does Qatar really buy Bitcoin from exchanges?

r/BitcoinSee Post

Central banks of rich countries are avoiding dive public in bitcoin

r/BitcoinSee Post

Look at how scarce Bitcoin is and its about to get even more scarce in 2024!

r/CryptoMoonShotsSee Post

Greedy.Art | The largest NFT auction on BNB Chain with featuring $GREEDY tokens with a unique price increase mechanism

r/CryptoCurrencySee Post

Where to long crypto in the USA?

r/BitcoinSee Post

Bitcoin vs Cash

r/BitcoinSee Post

What do you guys think will happen with Bitcoin, when the interest rates change in USA?

r/BitcoinSee Post

What do you guys think will happen with Bitcoin, when the interest rates change in USA?

r/BitcoinSee Post

What to do with my Bitcoin?

r/BitcoinSee Post

(USA) best platform to buy and send

r/BitcoinSee Post

A bit history of the Financialization

r/BitcoinSee Post

Will the US government Ban Private Custody of Bitcoin in 2024 ?

r/CryptoCurrencySee Post

Coinbase and CoinLedger tax calculation method- USA taxes

r/BitcoinSee Post

🌐 How the distribution of BTC mining capacity has changed in 10 years In total, the two largest pools (Antpool and Foundry USA) now account for more than 51% of the hash rate It’s unlikely that Satoshi Nakamoto would have liked this....

r/CryptoCurrencySee Post

If I borrow fiat with crypto as collateral, is it taxable?

r/CryptoCurrencySee Post

Easiest Way To Buy Shitcoins/MemeCoins/AltCoins?

r/BitcoinSee Post

Found the ticket

r/CryptoCurrencySee Post

How is Binance.US still allowing staking for US people?

r/BitcoinSee Post

Noob question: What's the deal with taxes (USA)?

r/BitcoinSee Post

Best Bitcoin Conference to Attend in 2024

r/BitcoinSee Post

USA Business holding recommendation

r/BitcoinSee Post

The Importance of ETF for Bitcoin

r/CryptoCurrencySee Post

How are you converting BTC in CB to BTCB/BNB in TW in the USA

r/CryptoCurrencySee Post

Is Socios / Chiliz done in the USA?

r/BitcoinSee Post

How Big Bitcoin Becomes?

r/BitcoinSee Post

Safe CEX to do Perp Futures

r/CryptoCurrencySee Post

Stop bitching your own country to praise Crypto, yes I'm talking to you Americans, and no, there isn't a single fucking sign that your economy is going downwards

r/CryptoCurrencySee Post

Thoughts on CKB? Next 100x over the course of 2 years IMO.

r/CryptoCurrencySee Post

For anyone who is newer here: There is NEVER a legitimate reason for any entity, group, protocol, mod, admin, tech support, or ANYONE to ask you for your seed phrase.

r/CryptoCurrencySee Post

Crypto Knowledge Dump

r/CryptoMarketsSee Post

USA: The First Bitcoin ETF “Enters” The Market

r/CryptoCurrencySee Post

Remember **** china - USA now largest bitcoin mining nation in the world

r/CryptoCurrencySee Post

Bitcoin ETF imminent - Nasdaq calls on SEC for approval

r/BitcoinSee Post

Noticing excessive money printing in real life - stories from the street

r/CryptoCurrencySee Post

Experience with Gemini Earn

r/CryptoCurrencySee Post

Best of the Best Staking Rates and Updates

r/CryptoCurrencySee Post

What do you guys consider FU money?

r/CryptoCurrencySee Post

Why the roof for new AHT looks like need to be $100K

r/CryptoCurrencySee Post

They say miners are “printing money” but so are our own governments

r/CryptoMarketsSee Post

The First Bitcoin Futures ETF Is Set To Start Trading In The USA Soon, While Bitcoin Surges Above $60,000 USD For The First Time Since April 2021

r/BitcoinSee Post

The First Bitcoin Futures ETF Is Set To Start Trading In The USA Soon, While Bitcoin Surges Above $60,000 USD For The First Time Since April 2021

r/CryptoCurrencySee Post

The First Bitcoin Futures ETF Is Set To Start Trading In The USA Soon, While Bitcoin Surges Above $60,000 USD For The First Time Since April 2021

Mentions

Different countries have different tax treatments. In the UK, for example: - there is no notion of short-term vs. long-term capital gains. A capital gain is a capital gain, and any gains from the sale/disposal of mutually fungible assets must be calculated using the weighted average method, rather than the FIFO/queue method that is most often used in the USA. - the first £3,000 of capital gains are taxed at 0%, and the subsequent marginal tax rate depends on several factors, but is usually 10%. - capital losses can be carried forward and be offset against future capital gains. As for the USA situation: if you have some long-term investments and also perform day trading or the like, then by using FIFO calculations you can effectively treat short-term trades as long-term trades. By contrast, in the UK this is not possible, because for time horizons less than 30 days there is a regulation known as the "bed and breakfasting rule", and for time horizons longer than 30 days the weighted average method is used anyway. TL;DR — Consult a local accountant, because taxes can get complicated. Beyond that, profitability can be increased via the use of tools such as leverage (which is a form of borrowing), but this is always at the expense of taking on greater risk.

Mentions:#USA

Fuck the USA, your politics, your money, your culture, it’s killing us all.

Mentions:#USA

Check out This cute dog. Actually doing good in the World, it's not just some ugly meme drawn on MS paint.. Currently have 3 Non profit partners in USA, Germany and Mexico. Community is based and so is the team working! CA: 6bzBfcyqmf8SqvtGN4SoLsT3knNhNycseuyZzKzjQnSa Check us out on Dexscreener and check our website!

Mentions:#USA#CA

Is it only for the USA?

Mentions:#USA

Did you see the aurora in Tasmania? And look at the data 2025 ? ... WW3 is a legit possibility considering the current state of things .. south china sea, Iran , Israel, USA hungry for war machine, Ukraine ect I think it's legit on the table now

Mentions:#USA

That is because of USA elections Thais year that makes things slower but soon It will reach 100k before 2025 i'm certain

Mentions:#USA

What do you mean by “potential loss of democracy in USA?”

Mentions:#USA

Where one buys it in USA?

Mentions:#USA

The 9-10% for the S&P is an average, and also based on specific historic moments. It only began in 1957. We are not in the post-WW2 boom period. The USA is in decline. Manufacturing is outsourced overseas. The S&P depends on tech companies who in turn need cheap money to keep their zombie companies afloat.

Mentions:#USA

I don't disagree with your sentiment that BTC is enormous waste of energy, but your numbers are off. 12 million Watt-hours (Wh) would be 12,000 kWh which is the usual unit of electricity energy used in household context. In 2023 the average price per kWh in USA was 12.72c. This would mean that one transaction uses $1,526.40 USD worth of electricity. The BTC transaction fee is around $2 USD per transaction.

Mentions:#BTC#USA

not really. Socialism term is nowadays so abused and abstracted that nobody knows what the fuck means. Half europe has “socialists” parties ruling the countries, as well as the european parliament, and is way more democratic than the political circus the USA has…

Mentions:#USA

I'm pretty sure that Phoenix wallet is also unavailable in the USA.

Mentions:#USA

I moved from the USA to Canada, it's better up here.

Mentions:#USA

before the sanctions, the USA was already occupied with political destabilization and made up cups of your governments. Literally the condors plan

Mentions:#USA

It's the only out if you are stuck in Canada. Jobs are few and pay terribly, not to mention 1 CAD is 73¢ in USD. Canada has been falling apart for 40+ years straight. Best to move to the USA and buy BTC.

Mentions:#CAD#USA#BTC

Bitcoin is becoming CENTRALISED....2 mining pools now account for over 51% of the # rate!!....(Ant pool and Foundry USA) Just a day or 2 ago Ant pool created 7 BLOCKS IN A ROW![Bitcoin consecutive blocks...](https://twitter.com/Public_Pool_BTC/status/1791562691657519579?t=AdG9aPxoFKwJh-cvJTXz4w&s=19)

Mentions:#USA#ROW#BTC

Possible in an individual country, sure. But Bitcoin is being used all over the world by people of every income level. Something that benefits the ultra-rich in the USA will also benefit the Salvadoran taxi driver.

Mentions:#USA

"can't get blood from a turnip," as the old saying goes about having no money..and you have a lot of catching up to do on international news: which means you really should study up on the socio-political & financial conditions in Venezuela & how it has been there for the past several years. not so much for the top 1% wealthiest [who can't get all they need in-country either, even if they can afford the hyper-inflated prices..including many politicians, of course - but the majority of citizens are suffering a LOT as a result of the insane rate of inflation and all that happens because of it. [Venezuela Inflation](https://www.focus-economics.com/country-indicator/venezuela/inflation/) [Venezuelans continue to flee to Colombia](https://youtu.be/ZnR0Aq3jt8U?si=8n_j7PziSR0BhtXM) [Venezuela's Exodus: Forced to flee](https://youtu.be/CDlySBhsGlk?si=iOjuJRUTt03p-EnB) so there are reasons why so many citizens began to flee to Columbia and other South American countries..including but not at all limited to major supply chain issues, health care unavailability, the cost of energy, the cost of living, overall is untenable. there was another news doco in which only a few people remained at a convalescent home for the elderly. where there was not enough food and on many days no food & no medicine. many residents died because of this and only a few workers remained who had to go out and try to get free food from a charity once a day, twice if they were lucky. and most of the residents still there couldn't even feed themselves, it was heartbreaking. and as often happens re: nations in such dire straights the wealthiest among them who logistically & financially could still afford to leave and/or have funds & other assets elsewhere went to other countries as well. and US sanctions aren't helping at all - as sanctions usually don't affect the wealthy & politically well connected in countries our government is angry with nearly as much as it hurts the everyday householder individuals and families. which, at the end of the day, for all intents and purposes, amounts to a form of collective punishment..which the USA, as a signatory to the Geneva Convention along with many other nations, 'agreed' was an international crime. it's all so messed up.

Mentions:#USA

you might want to study up on the socio-political & financial conditions in Venezuela & how it has been for the past several years. not so much for the top 1% wealthiest [who can't get all they need in-country even if they can afford the hyper-inflated prices. including many politicians, of course - but the majority of citizens are suffering financially from the insane rate of inflation. [Venezuela Inflation](https://www.focus-economics.com/country-indicator/venezuela/inflation/) [Venezuelans continue to flee to Colombia](https://youtu.be/ZnR0Aq3jt8U?si=8n_j7PziSR0BhtXM) [Venezuela's Exodus: Forced to flee](https://youtu.be/CDlySBhsGlk?si=iOjuJRUTt03p-EnB) so there are reasons why so many citizens began to flee to Columbia and other South American countries..including but not at all limited to major supply chain issues, health care unavailability, the cost of energy, the cost of living, overall is untenable. there was another news doco in which only a few people remained at a convalescent home for the elderly. where there was not enough food and on many days no food & no medicine. many residents died because of this and only a few workers remained who had to go out and try to get free food from a charity once a day, twice if they were lucky. and most of the residents still there couldn't even feed themselves, it was heartbreaking. and as often happens re: nations in such dire straights the wealthiest among them who logistically & financially could still afford to leave and/or have funds & other assets elsewhere went to other countries as well. and US sanctions aren't helping at all - as sanctions usually don't affect the wealthy & politically well connected in countries our government is angry with nearly as much as it hurts the everyday householder individuals and families. which, at the end of the day, for all intents and purposes, amounts to a form of collective punishment..which the USA, as a signatory to the Geneva Convention along with many other nations, 'agreed' was an international crime. it's all so messed up.

Mentions:#USA

Niceee yet people in the USA want more government in our lives.

Mentions:#USA

In western countries it’s pretty common to have only a portion of a capital gain counted as taxable income. In Canada, it’s 50% rising to 66% soon. In Australia it’s 50%, but only for long term capital gains (held over one year). The USA is the same: fully taxable if held less than a year but only 50% of the gain taxable if held more than a year. This is what distinguishes capital gains tax from the way regular earned income (wages) are taxed. Investment income (whether capital gains or dividends etc.) is generally taxed less than normal wage income.

Mentions:#USA

You keep raising different issues but fail to address let alone refute the facts and issues I have raised. To address the new issue you have raised to be sure Chinese law and culture is very different to that of the USA/West. Again I would ask how many times has the USA infringed upon the law and sovereignty of other nations using its military and proxies to overthrow and undermine the laws and governments of others? Perhaps you might like to read up on The Opium Wars? Jeff Booth raises some good points but ignores the real possibility of China replacing USD hegemony. Already Russia, Iran and others are joining the new DCEP Chinese trade payments protocol alternative to USD.

Mentions:#USA

You need better reading skills, and I am afraid that’s not my problem. At least, rule of law applies in USA unlike countries like China. Good day.

Mentions:#USA

The unique natural distribution of the coins without shitty IPO. No institutional claims to supply that the public doesn’t have access to. History of secure distributed network that works in conjunction to the former attribute to provide a strong argument for bitcoin compared to other assets. Also, proof of work is intended to future proof, just like how there will always be faster athletes in sprints but rules do not change in who is deemed the winner. From a technical perspective, it is simple enough to not need great amendment to the core logic. If amendments were needed to the core logic, it would work against the trait of historical affirmation of network/protocol robustness. Computing language is simply an implementation of logic. It could later be rewritten in rust but we don’t really need to as long as buffer overflow and such do not exist. Gold wasn’t chosen as de facto commodity to store value because of some elemental advantages to platinum diamond etc. The choice ties into anthropological psychology that spans humanity’s time. Whichever that is approved by general consensus as the de facto just becomes de facto. Bitcoin’s history the past decade already creates the base for such phenomenon. But I guess we can’t still rule out the fact of geopolitics and dollarization. If you have dozen eggs, you’d want USA to have most of that portion otherwise USA will do whatever it can to move against bitcoin due to nation state security. The general sentiment the past 3 years has been positive rather than negative. Lastly, the distributed nature and anonymity of the creator provides a good base for argument for bitcoin to remain classified as a commodity. This provides much better legal advantage to other cryptocurrencies. This is further strengthened as time passes and adoption increases. Craig Wright is a piece of shit but if he won ANY of his court cases, it would have challenged the sovereignty of bitcoin classification as a commodity, which would’ve been terrible in the long run. It was good that we nipped that shit outright before that tumour grew.

Mentions:#USA

You could learn the different between a fact based reasoned argument and Trumpian trolling. Nothing you have written refutes what I have put forward. In fact there is no substance to your assertions- the world still relies upon Chinas demand for commodities and supply of manufactured goods...unlike the USA which has become the worlds largest exporter of military hardware and debt...death and debt.

Mentions:#USA

I think the financial pressures of the economic war between USA and China will push the etf through imo, especially now that Russia and China are strengthening militarily ties approving an eth etf could take billions away from Chinese etfs, it would be economically harmful to deny it for ourselves and the sec has already once ruled eth not a security on the surface so I would imagine it could be a situation similar where we get short term approval and the security question is pushed until the winter period when people start losing money from the pump and dump schemes hard core again.

Mentions:#USA

It's been like this since the ETFs in the USA were announced. A bunch of tourists shilling "muh tax free gains" excited about trading their paper bitcoin for fiat. The *not your keys, not your corn* crowd was actually being drowned out.

Mentions:#USA

Zypto is future of crypto currency because they have many utility as like crypto payment gateway physical card gift card virtual card bill payment in USA and killer app is coming on 21st may 

Mentions:#USA

Fed or No Fed, Fiat or backed currency, Central banking or distributed banking. Non of it will matter if we continue to consume far faster than we produce, as we have done for the 7 or 8 decades following World War 2. The Federal Reserve banking system has used our reserve currency status to allow our Congress to overspend ever since the Bretton Woods accords. We in the USA have lived a higher standard of living than we earned for the last 80 years by exporting inflation . THAT is coming to an end. Bitcoin will become a currency if it becomes widely adopted as a medium of exchange. The bitcoin group recognizes that fact and is desperately working to make that happen. It will not. Our currency must be backed, we must adopt a balanced budget amendment to control congressional spending, and we must lower our collective standard of living before the powerful take us into another WW. And that you can bank on.

Mentions:#USA

Tornado Cash devs laundered money for antisemitic warlords in the Ukraine openly mocking Russia and the USA. You can have whatever opinions you want, but these were not exactly good men.

Mentions:#USA

Under Staff Accounting Bulletin No. 121 (SAB 121), when an entity is responsible for safeguarding crypto assets, it recognizes a liability on its balance sheet for its obligation to safeguard those assets. Along with this liability, the entity must also recognize a corresponding asset at fair value¹²³. The corresponding asset is similar to an indemnification asset under ASC 805, Business Combinations. This means that the asset recognized is not a separate physical asset or cash held to collateralize the crypto liability. Instead, the corresponding asset is the crypto asset itself that the entity is safeguarding⁴. For example, if a bank holds 5 Bitcoin for a customer and the fair value of each Bitcoin is $20,000, the bank would record both a liability and an asset of $100,000 on its balance sheet: - **Liability**: Obligation to Safeguard Crypto Assets $100,000 - **Asset**: Crypto Assets Held in Custody $100,000 This accounting treatment reflects the bank's responsibility to safeguard the crypto assets and its obligation to return them to the customer upon request. The fair value measurement ensures that the financial statements present the economic reality of the transaction and the risks associated with holding crypto assets¹²³. If you have any more questions or need further clarification, feel free to ask! Source: Conversation with Bing, 5/17/2024 (1) Perspectives on SAB 121 and safeguarding crypto assets - Viewpoint. https://viewpoint.pwc.com/dt/us/en/pwc/in_depths/2022/in-dept-22-03/id2203/2203sab121andcryptoassets.html. (2) SEC.gov | Staff Accounting Bulletin No. 121. https://www.sec.gov/oca/staff-accounting-bulletin-121. (3) SEC Issues Guidance on Accounting for Safeguarding Crypto Assets. https://www.fenwick.com/insights/publications/sec-issues-guidance-on-accounting-for-safeguarding-crypto-assets. (4) SAB 121: Safeguarding Cryptocurrency Assets | BDO Insights | BDO - BDO USA. https://www.bdo.com/insights/assurance/staff-accounting-bulletin-no-121-safeguarding-crypto-assets.

Mentions:#SEC#USA

I asked co-pilot for kicks and it said this.. Under Staff Accounting Bulletin No. 121 (SAB 121), when a bank or any reporting entity receives crypto-assets for safekeeping, they are required to recognize a liability on their balance sheet for the obligation to safeguard those assets. This liability is measured at fair value. At the same time, they must also recognize a corresponding asset, also at fair value, which represents the crypto-assets they are safeguarding¹²³. The liability and the corresponding asset are not recorded twice; rather, they are two sides of the same transaction reflecting the entity's obligation to return the crypto-assets (the liability) and the actual crypto-assets being held (the asset). The bank does not need to have an additional $100 in cash to collateralize it. Instead, the bank's obligation is to safeguard the crypto-assets, which are themselves the asset that is recorded on the balance sheet². This accounting treatment ensures that the entity's financial statements accurately reflect both the obligation to return the customer's crypto-assets and the value of the crypto-assets held. It's a way to provide transparency about the entity's custodial responsibilities and the associated risks⁴. If you have any more questions or need further clarification, feel free to ask! Source: Conversation with Bing, 5/17/2024 (1) SEC.gov | Staff Accounting Bulletin No. 121. https://www.sec.gov/oca/staff-accounting-bulletin-121. (2) Perspectives on SAB 121 and safeguarding crypto assets - Viewpoint. https://viewpoint.pwc.com/dt/us/en/pwc/in_depths/2022/in-dept-22-03/id2203/2203sab121andcryptoassets.html. (3) SEC Issues Guidance on Accounting for Safeguarding Crypto… | Fenwick. https://www.fenwick.com/insights/publications/sec-issues-guidance-on-accounting-for-safeguarding-crypto-assets. (4) SAB 121: Safeguarding Cryptocurrency Assets | BDO Insights | BDO - BDO USA. https://www.bdo.com/insights/assurance/staff-accounting-bulletin-no-121-safeguarding-crypto-assets. (5) Impact of SAB 121 adoption on crypto asset entities | Crowe LLP. https://www.crowe.com/insights/take-into-account/impact-of-sab-121-adoption-on-crypto-asset-entities.

Mentions:#SEC#USA

I don't know if there is any such requirement in the USA. They keep enough on hand to satisfy predicted demand, which is why they often want people making big withdrawals to schedule them, so they have have the cash delivered from a central vault or ordered back from the Fed. Bank runs don't happen in one day though. Under those circumstances, the bank would usually close for the day while they muster resources. In the past, they might not have been able to come up with the needed cash, but now they could probably meet just about any demand within 24 hours. Short of some kind of widespread catastrophe that physically impedes the movement of money, I think that bank runs are unlikely under the current reserve system.

Mentions:#USA

End of an era for BitWage. BitWage is no longer being supported in the USA. I liked and have used BitWage since maybe 2015 as my primary way to DCA. There are other direct deposit DCA options available, but what set BitWage apart for me is that I could specify a wallet address I controlled to receive my USD->Crypto, rather than it being held on a wallet BitWage controlled. Every week, a portion of each paycheck was direct deposited and automatically converted to crypto, then automatically sent to my TREZOR, without me lifting a finger. RIP BitWage

Mentions:#USA#DCA

tldr; Luke Brown has filed a class-action lawsuit against Dolce & Gabbana USA Inc. and NFT marketplace UNXD, alleging failure to deliver promised NFT products and abandoning the project, leading to a 97% loss in value of his $6,000 investment in DGFamily NFTs. The lawsuit claims significant delays in delivering digital outfits and usability, causing financial losses for Brown and other customers. The case highlights issues of accountability in the NFT and metaverse sectors. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#USA#NFT#DYOR

Ask yourself the following: In the 1930's did US government confiscate Gold bullion because of a national emergency? Is the USA in a debt crisis or at risk of default on their debt and could this debt make them take extreme action? Is it possible that later, within a few years or less, it will be almost impossible to remove coins off exchanges because of more strict regulation? Do you think it is possible that exchanges do not have all the Bitcoin if everyone withdrew their coins off exchanges? This is the greatest risk because when BTC becomes very scarce everyone will want to remove their coins and will not be able to.

Mentions:#USA#BTC

I don't know about the USA, but in Brazil there are people who believe in this kind of shit and they also doesn't believe in the banks , the Financial system and the government, so they have they money in crypto.

Mentions:#USA

Why are so many crypto folks on Twitter now saying the Earth is flat? What is it about crypto that attracts people who think that way? Especially in USA

Mentions:#USA

If you are 29 in a western country with only 5 figure savings then the problem is not bitcoin vs stocks, it's figuring out a way to save more. Most likely by figuring out how to make more money. By far the best thing you could do is figure out how to juice up your income, likely through a side business. There's an unbelievable amount of opportunity right now, go take it. If your in the USA, there's really no reason you can't earn 5k/month in a side gig working just on weekends, I know guys who make more than that just growing micro greens in their garage.

Mentions:#USA

The USA built a huge military by stealing from the productivity of the citizens via Keynesian baloney (cf. Cantillion effect). They utilize it to smack down any challenge to the propped up USD. That's why it is successful. Otherwise, it would crumble. (cf. other countries who've tried that baloney)

Mentions:#USA

A few (smaller) countries already run on renewable energy (data from 2021) Iceland, Costa Rica, Paraguay, Ethiopia, to name a few, but yes it would be awesome it would be the largest one by far. USA is currently about 20% renewable.

Mentions:#USA

Honestly, how the fuck can you lump XRP with memecoins? XRP has very fast transactions, taking just a few seconds. No gas fees, just a transaction cost of about 0.1 cent. It has one of the highest TPS and can scale. It has a dex. It has AMMs. Soon it will have smart contracts. It is being used in the real world for cross border payments. And it’s one of the few cryptos that could actually be used for day to day payments. And a legal case they are losing? XRP was deemed not a security. That means only BTC and XRP are legally not securities in the USA. Why don’t we compare to ETH? Incredibly expensive transactions. Pretty slow too. Can’t scale for shit. Oh and guess what, the SEC is investigating it and probably going to file a lawsuit saying it’s a security.

This is way bigger than blackrock, J.P. Morgan, Goldman Sachs or any singular entity. Here we have the mother fucking DTCC, responsible for clearing almost all USA equity trades, working with the one and only chainlink to bring mutual funds on chain. Revolutionary. While memes like WIF and PEPE have the mindshare of twitter, they won’t meaningfully change the face of finance. Chainlink absolutely will. It may take some time, but Chainlink is THE bet on the future

Mentions:#USA#WIF#PEPE

Yeh not nations with trillions in GDP, nor ones with the largest tech companies. The USA economically is about to pull away even further from other counties.

Mentions:#USA

If Biden wins they will keep the status quo. If Trump wins they’ll show the highest inflation numbers ever shown in the history of the USA.

Mentions:#USA

Chase bank takes only about two days to order Euros over to the West Coast USA, an ocean and a continent away. Many banks can restock USD cash same day if they really want to. They often have something in their terms of service about a number of business days Hou should give notice for cash needs. The treasury department slightly loses money on some coin denominations some of the time, but cash is hugely profitable for them to print. If they need to send over an armored car full of hundreds to your city, it's almost pure profit to them. Banks can make the request electronically and they can reroute armored cars in real time to meet changing demands. The banks will hate having less deposit money to earn interest but that is resolved by trading paper around between banks and other financial institutions. But the treasury will make bank on any bank run on cash, much more than it will ever cost the FDIC.

Mentions:#USA

I’d rather take my chances with holding actual Bitcoin. If for anything reason there are sudden regulations that cause an ETF market scare, not only can you lose access to your funds in the ETF, but the price can drop drastically. Any domestic (USA) issues directly impact the ETF. There are no regulations preventing you from holding Bitcoin in cold storage. Period.

Mentions:#ETF#USA

> Cryptocurrency miners Foundry USA, Ant pool, ViaBTC, F2Pool and Binance Pool pooled their resources to win a reward for opening a blockchain that can verify the last three years of bitcoin transactions originating from the power plant, according to the government Bitcoin Office. That last paragraph is intriguing. What are they talking about "opening a blockchain" that can verify those transactions?

Mentions:#USA

USA is increasingly irrelevant...because USD is in decline Trade between China and Iran and Russia and several others is now denominated in Chinese CBDC Yuan (DCEP) The contest for global trade hegemony is between China and USA but Bitcoin provides a third way. Crypto other than BTC is irrelevant as well. Banning them would have little impact. China ban on BTC as a MoE is more significant.U And USAs quasi ban on use of BTC as a MoE (via tax liability) is also more significant. ETFs are gaining an ever larger market share of BTC- and they hold the power to accept or reject any FORK in the protocol- giving them the power to fork the protocol and eliminate all BTC held by them in any other fork.

Mentions:#USA#BTC#FORK

But they murdered John McAfee in a Spanish prison, where they are now currently holding Roger Ver. If the elites in goverment in the USA want you dead, who can save you?

Mentions:#USA

There’s so many Chinese miners in USA. Something needs to be done. China won’t let them mine so they all moved here Texas is housing most of them.

Mentions:#USA

Yes. There are mandatory audits for larger banks (over 100M in assets) which basically account for 95% of all loans/assets/etc in the USA. A handful of banks have everything. Those audits test bank-runs and other cases, and result in those banks having capital requirements to survive such events, even though it is not 'mandatory' from a different rule.

Mentions:#USA

something feels round-about in the logic. I remember watching a show about the pot wars in the USA, probably the 70s, where you had to get a stamp to legally transport each truckload of marijuana, but the authoritie wouldn't come to your house/business, so you had to truck the pot to the police department...

Mentions:#USA

> **El Salvador mined nearly 474 bitcoins, adding to state crypto holding, in last three years** > SAN SALVADOR, May 14 (Reuters) - El Salvador has mined nearly 474 bitcoins since 2021 thanks to a volcano-fueled geothermal power plant, official data showed on Tuesday, bringing the government's total bitcoin portfolio to nearly $354 million at current prices. > The country's "Bitcoin Office," an official government entity, reports that government coffers now hold 5,750 bitcoins. > The new additions, 473.5 bitcoins worth some $29 million since September of 2021, were powered by a small amount of geothermal energy generated by the country's imposing Tecapa volcano, touted as a green way to accumulate the well-known cryptocurrency, which is not regulated by any central bank. > The administration of Bitcoin enthusiast President Nayib Bukele, who earlier this year was reelected to a second term, has installed 300 processors to "mine" bitcoins from the volcano. > Of the 102 megawatts (MW) produced by the state-owned power plant, 1.5 MW are devoted to cryptocurrency mining. The so-called crypto mining process requires large amounts of energy for computing and cooling data processing centers, which perform complex math equations in order to secure cryptocurrencies like bitcoin. > Elsewhere in the world, cryptocurrency miners have recently come under increased scrutiny for their electricity-sapping operations, and for the impact their activity has on power grids and carbon emissions. > In 2021, El Salvador became the first country to adopt bitcoin as legal tender, alongside the U.S. dollar which it adopted two decades earlier. The bitcoin move earned Nayib's government harsh criticism for its embrace of the volatile cryptocurrency, including from the International Monetary Fund (IMF). > Cryptocurrency miners Foundry USA, Ant pool, ViaBTC, F2Pool and Binance Pool pooled their resources to win a reward for opening a blockchain that can verify the last three years of bitcoin transactions originating from the power plant, according to the government Bitcoin Office.

Mentions:#SAN#USA

Omfg they will leave , are you daft. The rich have all the god damn money those 800 people are probably responsible for 5 % of the gdp lmao. Only a fucking communist would want to chase out the richest 800 people … Yeah let’s kick Jeff Bezos out of the USA … what the fuck man.

Mentions:#USA

Many on this reddit forget that there’s life outside the USA

Mentions:#USA

There is also the long (far longer) view. Bitcoin will continue to have halving until something like year 2160. I fully expect there to be a total and complete collapse of at least one national economy between now and 2160. Whether that economy is Greece, Italy, Russia, or USA, isn't the point. The question is what will happen on a USSR level economic collapse when the option to own Bitcoin is in the mix. If bitcoin existed, at the current level of stability in 1990, I think much of the USSR collapse would have flooded into something like Bitcoin. So yes, the next country that goes the way of the USSR, I think will flood into Bitcoin. And once that happens, it will be a MAJOR contender on the global stage.

Mentions:#USA

Is he for real? Do people still think Biden can win this election? That will be end of the USA.

Mentions:#USA

Federal reserves hold gold which has not been audited for over 100 years. With Bitcoin, everyone will be able to log and 'audit' the reserves held by the USA. So chances are...Bitcoin will prevail as a more trustful store of value than the 'word' of US tresury, all those Feds and Bidens...

Mentions:#USA

Democrats have proven to be anti crypto. If you like crypto and want it to thrive in USA you better vote for Trump.

Mentions:#USA

Why is USA getting the shit end of the deal out of a whole lot of things lately?

Mentions:#USA

That is what I fully expect to happen...that governments will create (they're already working on it) and fully implement their own digital currency and at same moment make any crypto like BTC Illegal (not legal tender). I'm talking about China and USA. Getting paid by government, paying property tax, paying utility bills, buying gas or electricity, going to big box retailers ...all transactions...will be via government digital currency. I see this unfolding. Am I off base?

Mentions:#BTC#USA

Hi guys. Coinbase closed the account of my parents and sent their founds to Wyoming, USA (we are Spanish citizens living in Spain). I would appreciate exposure to the post I created in the Coinbase subreddit. Thanks in advance. [https://www.reddit.com/r/CoinBase/comments/1crm3n7/my\_coinbase\_nightmare\_funds\_gone/](https://www.reddit.com/r/CoinBase/comments/1crm3n7/my_coinbase_nightmare_funds_gone/) [https://twitter.com/BTC\_Spain\_/status/1790379403408470146](https://twitter.com/BTC_Spain_/status/1790379403408470146)

Mentions:#USA#BTC

Eh most Americans won't look at it that way. They will just compare how it was to how it is now for them. Same with gas and food prices. Everyday shit. Those are the big ticket items going into the election. Not what's going on in some country in Africa vs USA.

Mentions:#USA

Biden is totally stoned, he can't even walk and he only talks rubbish. The USA is a country of clowns.

Mentions:#USA

Nice. This is German af but I’ll find the USA version

Mentions:#USA

You mean Bitcoin might create a more productive economy with higher savings, less debt and more investment- but it is hard to imagine how the interface between business and the state could change such that the ability of the statr to exert its will over other states would be less important. Looking at history the most successful empires have always combined the enterprise of business with the overall support of the nation state- well Bitcoin to some considerable extent reduces the leverage of the nation state. So the USA dominates and enjoys global monetary system hegemony (control over SWIFT) and uses that hegemony to preserve its position. Bitcoin removes that considerable leverage from the state...thus reducing the ability to dominate other competing nation states in resource access and market access and ultimately economic strength and domination.

Mentions:#USA#SWIFT

Agreed but people moan too much about the spread. Even though you literally don't need to pay the spread unless you're American. Once the exchange is up and running for USA, CDC will climb to new heights.

Mentions:#USA

Read about half of it and gave up... All you're doing is spewing American exceptionalism propaganda. I guess you just ignore the fact that slavery was abolished in a ton of places before the USA. Do you think the United Kingdom was forced to give up slavery? Look up the history of Iran. American and British involvement created the modern Iranian situation. Without Americans meddling where they have no business meddling, who knows what could have happened. You'd be hard pressed to find a nation state behind more death and destruction than the USA.

Mentions:#USA

> Geography for example. I hear this often: the US is fortunate because its geography protected itself from two world wars, etc. Or how its rich minerals gave it an advantage. But it is a hard no if you study history hard enough. South America, Latin America, Canada, and even Mexico had the same situation if it is about isolation from the world wars geographically. Yet most of them are in troubling conditions. Much of Africa is also mineral-rich. And most of them fell quickly to the Dutch Disease or succumbed to civil wars over them. Granted, America had many favorable conditions. But it is all about what you do with it. Most other nation-states squandered them. America chose to be different and capitalized on them. >  America patting itself on the back for abolishing slavery is absurd. How many countries went into a civil to abolish slavery? How many countries abolished slavery based on internal civic principles/movements instead of being pressured by foreign forces? America also chose to desegregate from organic civic movement. Now if you look at a country like South Africa, Apartheid only fell because of sanctions imposed by foreign states. America's history is not perfect and had very troubling periods. But what is unique is they get resolved internally and progress towards a future closer to (classical) liberal values. You will be hard-pressed to find another nation-state that has done more good for freedom globally than the USA. > recognize the strife caused by colonialism A lot of ppl don't know, during WW2, Winston Churchill was adamant about wanting to keep the British Empire and continue the pillaging of her colonies once Nazi Germany was defeated. It was Roosevelt who helped to pave the road for these former colonies to achieve independence and nationhood. America was the author behind the greatest decolonization program of human history. Granted, the US also had its share of bad colonial history. But much of the world's strife is not set into trajectory by US colonial history. It is set in motion by European colonial history, e.g. Rwanda Genocide. > foreign intervention  NGL, I am not a big fan of neocons. But, the US is often put into a position forcing action. 1) The reality is, that Russian neighbors hate Russia. Belarus is probably the only exception. So you end up with a lot of influences lobbying the US govt to take action against Russia. Then you have an overtly confidant Putard thinking unilateral military action against a sovereign state wouldn't raise alarm. All of it now boils down to a conflict. 2) The Middle East is a sorry story set in motion by the British. Saudi Arabia is the source of the evil. The British were expedient and thought backing a theocratic monarchy would divide and conquer the region after WW1. Consequently, the region is now run amok by Islamic fundamentalism. If there was never an oil-rich state fostering an Islamic fundamentalist hub to brainwash its ppl to submit to a monarchy, the Middle East is probably a different story today. America wasn't the architect behind this religious fanatic state. Out of economic expediency and geographical convenience, America simply inherited the mess created by the British. The same story is true about the Israeli-Palestinian conflict.

Mentions:#USA#NGL

"Nobody even notices" - USA ( ͡° ͜ʖ ͡°)

Mentions:#USA

As of 2020 there’s no reserve requirement in USA either

Mentions:#USA

Canada 8/10 toxic govt USA 10/10 toxic govt lol

Mentions:#USA

If this refugee lands in the USA, even undocumented immigrants are currently being provided with some level of basic needs (food/lodging and other benefits). I believe most EU countries also have some level of social welfare for immigrants. Serious question: Presuming this refugee is intelligent and capable enough to figure out how to obtain some amount of crypto and store it in a cold wallet, what's stopping the refugee from using his passport to obtain a bank account and off-ramping his crypto through any available exchange? Or, if your point is that crypto is not widely recognized and accepted and generally must be off-ramped to fiat to be "widely" useable, I would say, "ok... so what?" How is that any different from someone from war-torn "Badstan" fleeing to sanctuary in "Betterstan" and having to exchange their Badstan fiat for Betterstan fiat in order to use it? With crypto, it might not be as easy for older grandparents to figure it out, but the dude with the Trezor likely can grok how to go about it.

Mentions:#USA

To be fair, the last place that will adopt this is the USA. It's most likely going to pick up steam in places that don't benefit from controlling the world's reserve currency.

Mentions:#USA

Gotta love Sunday nights (USA time)

Mentions:#USA

You missed a key point Gold and silver can rather easily be manipulated due to naked short selling  Naked short selling is the selling of an asset you don’t actually own  www.gata.org explains it very well But here’s the thing you forgot about Bitcoin: It runs on a GLOBAL DECENTRALIZED UNFORGEABLE ledger Wanna audit the USA’s gold reserves? First of all big balls to you, second, they will tell you when,  lease the gold from the private sector for that date, and after the audit they will give it back , and continue to run the giant worldwide gold trust action  Wanna do the same with Bitcoin? Good luck with the Bitcoin blockchain to prove you actually own the Bitcoin you tried to sell: you have to buy the actual Bitcoin first 

Mentions:#USA

> What is the cost of living in Costa Rica around the Bitcoin Jungle? Very high, lots of land are rare these days and a half acre can easily sell for 60k usd and a house on that lot with middle class USA standards sells for 300-500k these days >How is the Internet there (price, speed, availability)? Fiberoptic at 50 Mbps down is around 90 usd in more remote areas Starlink right now gets over 100 Mbps for under 50 usd In towns and cities you can get 150 MBPS down for ~50 usd

Mentions:#USA

These are my neighbors and your preconceptions are so far from the truth on so many levels. For one , property values here are higher than many parts of the countries like the USA and we have clean milk and farms with healthy grass fed cattle. Extremely rare to get sick from the raw milk here

Mentions:#USA

>vs looking at some nuddie mags 30 years ago Ur so naive if you think thats the only thing they used to do back then >no wonder it's a fact that anxiety, depression and suicide is the highest it's ever been in kids these days. Thats just bs. Quite the contrary suicide rates have actually declined or stayed stagnant since the 1950's and most reasons of suicide is normally financial security not porn.. [USA has been pretty much the same since the 50's](https://www.statista.com/statistics/187478/death-rate-from-suicide-in-the-us-by-gender-since-1950/) [UK has seen decline of 28 percent since the 50's](https://commonslibrary.parliament.uk/research-briefings/cbp-7749/).

Mentions:#USA

When you are trying to lose weight, there's the phrase "you can't outrun your stomach" The USA has a similar problem. The problem is spending. Unless you cut that, it will never get better. Unfortunately, the USA can't cut spending or it cannot project its power globally anymore

Mentions:#USA

Realistically the price should drop at least for the next two months as there really is no "new money" coming in, basically normies or people outside of the BTC ecosystem are just not interested yet / anymore. There was a big boom in interest and new investment with the ETFs but as always hype dies down, we should still be quite early to the cycle top, remember it’s usually the year after the halving. Also there are signs of an eminent economic crisis in the USA which should turn people away from investments like te S&P or BTC but who knows, it mostly depends on the rates imposed by the government so if they keep them high it’s more probable that people put their money in BTC

Mentions:#BTC#USA

Bitcoin on Lightning utilizes the bitcoin mainnet capability to establish "hash time lock contracts" (HTLC) between nodes allowing a channel to be formed. Basically... it can then support millions of transactions per second with sub-penny costs by securely sending bitcoin between Lightning nodes. "But what's the catch?" You ask! Well, unless you are personally running the node software yourself, then the node is fully or at best partially custodial and has some amount of risk. However, we are seeing MANY exchanges including Coinbase, Kraken, River, and other notable ones around the world begin to support enabling Lightning payments. This is paving a way to avoid the excessively high transaction fees for "small payments" (aka: buying a cup of coffee) AND begin to save their wealth in bitcoin. There are now free and open source Bitcoin Lightning software clients that give a very reliable partial custody (or integration to self custody node) such as Zeus which I highly recommend to everyone to try: [https://zeusln.com/](https://zeusln.com/) If you want to go the whole nine yards and run a server at home or work for a full merchant experience to accept Bitcoin on Lightning with total integration to Wordpress WooCommerce and more, I personally recommend BTCPay Server: [https://btcpayserver.org/](https://btcpayserver.org/) If you are outside of the USA AppStore (sigh...) and want the simplest but custodial experience without any KYC, then check out "Wallet of Satoshi" which I still love for small amount of sats.

Mentions:#USA

I am not USA citizen what I need to pay federal taxes ? Or it’s exempt for non citizens?

Mentions:#USA