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Forum - Wall Street Pit    Stock Due Diligence for All

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From: alectric (Rep: 171) reply to spudsDate: 12/07/2017 08:21
Forum: Wall Street Pit - Msg #2705295Thread #673971597 (Rec: 1)
Re: The Government is going to come down hard on Bitcoin. Anything that antag...And just like the IRS went after people who hid their money in Swiss bank accounts, the IRS will go after the cryptocurrency exchanges even in they don't hold the wallets. They have IP addresses and that's all the Feds need to track down the holders of the wallets. The Feds will find out who the Internet Service Providers are and correlate the IP addresses at that time with the customers. In the end, it's the IRS that brought down organized crime syndicates.

Blockchain is valuable technology. Bitcoin is not because it is a terrible medium of exchange. Its supply by design is limited and thus is extremely volatile, subject to the whims of demand. That's why so fewmerchants have adopted it. It also takes a long time to confirm a transaction, unlike credit cards that take a mere seconds. As a store of value, the exchanges are subject to hacking, unlike gold. So at some point, this game of musical chairs will collapse.



Reply to spuds - Msg #2705294 - 12/07/2017 08:00

Re: The Government is going to come down hard on Bitcoin. Anything that antagoniz... I think you are right on this...so many can not see it
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