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RE: Proposed Update to Law in the USA Targets Travelers Who Use Crypto Currencies.

in #bitcoin7 years ago

Not really surprised that govts will come knocking soon, trying to get their greedy hands on our crypto-pie.

This doesnt bother me too much at the moment however, as I've got at least a 5 year hodling instinct on all my coins.

Im hoping in 5 years, payment by crypto (be that Bitcoin or alts) for all sorts of things will be much more popular, and there will be less and less need to convert to fiat. Fiat is, after all, a poor proposition when compared to cryptos.

I'm also confident it will be easy enough to conceal crypto hodlings from govts in time. Just look at the great work that anon coins , especially Monero, are doing in obfuscating your information and creating true digital cash.

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