Re:Cambridge Bitcoin Electricity Consumption Index
by Hamuko on Wednesday February 10, 2021 @08:56AM
(#26089066)
Are you saying that if you were buying a house with Bitcoin that the government wouldn't want to see where the money is sourced from?
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Re:Cambridge Bitcoin Electricity Consumption Index
by nannal on Wednesday February 10, 2021 @09:06AM
(#26089238)
It would be easier, this TX came from my work's hotwallet & this one was part of my inheritance, you can see these TXs where that address sent to the tax authority assuring all tax has been paid as opposed to being passed around a call centre to talk to "Bob" so the bank can provide those details.
Re:Cambridge Bitcoin Electricity Consumption Index
by gambiting on Wednesday February 10, 2021 @09:11AM
(#26089327)
So......exactly the same way it works with a bank nowadays? When I did it it was just a printed statement from my bank(that I printed myself), showing money arriving from X account, Y amount paid for tax, document from solicitor confirming inheritence, 3 copies of my payslip, done. How exactly is that easier with bitcoin?
Re:Cambridge Bitcoin Electricity Consumption Index
by alisonkisk on Wednesday February 10, 2021 @09:00AM
(#26089137)
Bitcoin is useful for evading the law, but of course there had a host of other issues and risks.
Re:Cambridge Bitcoin Electricity Consumption Index
by Twisell on Wednesday February 10, 2021 @09:06AM
(#26089246)
Like finding out that the house is actually not yours after landing in a foreign country and having spend you life saving on a BTC transaction.
Big issues, big risks, but maybe you have big balls too... I personally don't feel so self assured about myself.