Why America Should Ban Crypto – Charlie Munger

Re:Why America Should Ban Crypto – Charlie Munger by fIREpOK on Thursday February 02, 2023 @08:20AM (#34626122)

> Quite simply it's a competitor to the dollar, which is illegal within the US. You cannot issue currency in the US, to my knowledge.

The USA has already ruled that Bitcoin is NOT a currency...

I wish that they hadn't done that

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Re:Why America Should Ban Crypto – Charlie Munger by mattwilsonn888 on Thursday February 02, 2023 @10:08AM (#34627509)

That wouldn't matter. The issuance is over and was never preventable.

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Re:Why America Should Ban Crypto – Charlie Munger by mardifoufs on Thursday February 02, 2023 @10:20AM (#34627700)

Bitcoin is still being issued, unless I misunderstood what you meant.

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Re:Why America Should Ban Crypto – Charlie Munger by seanw444 on Thursday February 02, 2023 @11:21AM (#34628751)

There's no stopping it, is the point. It was an inevitable creation.

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Re:Why America Should Ban Crypto – Charlie Munger by fIREpOK on Thursday February 02, 2023 @08:33PM (#34635989)

But if you use Bitcoin for a transaction, you have to treat is a a stock, not a currency... and declare tax gains/losses every time

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