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1. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Saturday, 09-Dec-2017 23:17:31 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}

   • Cryptocurrency
   "Please invest responsibly — an important message from the Coinbase team"
   
   The cryptocurrency exchange #Coinbase sent out a message to their users recently, advising people not to become too heavily invested in #BTC.
   
   "We also wanted to remind customers of some of the risks associated with trading digital currency. Digital currencies are volatile and the prices can go up and down. Due to the rapidly changing price of digital currencies, some customers
   may not have sell limits that are sufficient relative to the value of total digital currency they are storing on Coinbase. Sell limits are one of the many measures Coinbase takes to protect client accounts and assets."
   
   I guess they are worried about "irrational exhuberance" behind the current rise in the price of #Bitcoin. !cryptocurrency
   • Hallå Kitteh likes this.
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   • Hallå Kitteh (clacke@social.heldscal.la)'s status on Tuesday, 12-Dec-2017 01:44:47 UTC Hallå Kitteh

     • perspicacious01
     @lnxw48a1 @perspicacious01 And like in the gold rush, the safest way to earn money is to sell food, lodgings, rope and pickaxes.
   • Stephen Michael Kellat (alpacaherder@quitter.se)'s status on Tuesday, 12-Dec-2017 01:46:17 UTC Stephen Michael Kellat

     in reply to

     • Hallå Kitteh
     @lnxw48a1 @clacke *cough cough* If you realize too much gain, #Coinbase is required to make reports to IRS or #Coinbase gets fined heavily.
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   • Hallå Kitteh (clacke@social.heldscal.la)'s status on Tuesday, 12-Dec-2017 01:48:54 UTC Hallå Kitteh

     in reply to

     • Stephen Michael Kellat
     @alpacaherder @lnxw48a1 Yep, they were already ordered to.
     
     https://techcrunch.com/2017/11/29/coinbase-internal-revenue-service-taxation/
   • Stephen Michael Kellat (alpacaherder@quitter.se)'s status on Tuesday, 12-Dec-2017 01:49:20 UTC Stephen Michael Kellat

     in reply to

     • Hallå Kitteh
     @lnxw48a1 @clacke #Coinbase thought they could easily quash the subpoenas.  They didn't.  People that cash in will pay plenty in taxes...
   • Stephen Michael Kellat (alpacaherder@quitter.se)'s status on Tuesday, 12-Dec-2017 01:50:27 UTC Stephen Michael Kellat

     in reply to

     • Hallå Kitteh
     @clacke @lnxw48a1 FinCEN does part of the data mining.  They jointly run a huge data mining farm with IRS up at the IRS Detroit data center.
     @mcscx@quitter.se likes this.
   • Stephen Michael Kellat (alpacaherder@quitter.se)'s status on Tuesday, 12-Dec-2017 01:51:39 UTC Stephen Michael Kellat

     in reply to

     • Hallå Kitteh
     @clacke @lnxw48a1 FinCEN and IRS together will be nailing people next year who don't pay up.  Many tax dollars will be owed payable in USD$.
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   • Stephen Michael Kellat (alpacaherder@quitter.se)'s status on Tuesday, 12-Dec-2017 03:51:18 UTC Stephen Michael Kellat

     in reply to

     • Hallå Kitteh
     @clacke @lnxw48a1 The good news is even “light touch” taxation will force a stop to hoarding of BTC & will add economic velocity.
   • Hallå Kitteh (clacke@social.heldscal.la)'s status on Tuesday, 12-Dec-2017 04:58:36 UTC Hallå Kitteh

     in reply to

     • Stephen Michael Kellat
     @alpacaherder @lnxw48a1 I thought it would reduce liquidity because it introduces a transaction cost. That's how capital gains tax affects the housing market. It becomes a "move tax".