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RE: Government Crackdowns are Inevitable

in #bitcoin7 years ago

BitShares provide your middle man. You must just transfer fiat money to BitShares and when is on its blockshain you are in another, let say, cyber state. As long as you trade there in BitShares decentralized exchange (DEX) no tax collector can trace and reach you. And there is no authority on BitShares from where tax collectors can demand data about your account.

I write a post about IRS ambush ob Coinbase exchange: https://steemit.com/cryptocurriences/@tombort/why-irs-can-bust-you-on-centralized-exchanges-and-not-on-bitshares

If you decide to withdraw your profits you have control over reporting your profits and pay taxes for them.

Check its web site: https://wallet.bitshares.org
also @stan and @docmaestry write some useful posts about BitShares!

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I tried using BitShares but it was a bit confusing at first. I confess I haven't been back. But I didn't think that BitShares let you convert fiat into cryptos... only cryptos into other cryptos. I'll check those folks out, thanks a lot for the info :)

Welcome on board again. If you need some assistance just check my blog. I will be happy if you follow, It is most simple solution.

Se you around.

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