Oddbean new post about | logout
 They will criminalize everything they can with rules that are impossible to comply with.
https://image.nostr.build/eda98b979f32c169ae1015251c7ff2c1a8ba4ec8e127259df30208a3c1a1efde.jpg 
 @The: Daniel⚡️ "im sorry I can't accept your crypto unless you dox yourself to me" 
 Send your SSN with the payment. That makes absolute sense. I don’t know why we don’t just do that with every transaction. Not like it’s important or anything. 
 Yes, it’s very logical to provide the one piece of information that follows you for life and can be used to steal your identity and ruin your credit score to everyone you do business with. 
 Meanwhile certain credit cards are allowing you to change the name printed on your credit card. You know, for privacy. 
 Wait 10k in a single payment or over the course of the tax year? 
 Who even knows? 
 At least our roads and rail systems have been greatly improved. 
 Hang on, I’m about to catch the 300 mph 4-hour Bullet Train from New York to Chicago to grab a drink with you before the bars close tonight. 
 And be home at a reasonable hour! 
 Stupid laws are ignored.

The. End. 
 lol suuuure 
 One better not post an address online because if someone really wants to fuck with you, they could just simply send $10k worth of Bitcoin to your wallet and watch you scramble to figure out who sent the freaking money and why. 
 vote carefully US voters please

nostr:nevent1qqstle60qpktuejj9dccrz87n8hz055cja88r6hcughgxns5teapqxqpzemhxue69uhhqatjwpkx2un9d3shjtnrdakj7q3qaeh2zw4elewy5682lxc6xnlqzjnxksq303gwu2npfaxd49vmde6qxpqqqqqqzxfr6dm 
 All of this stuff is about self-policing.

They want you to police yourself on their behalf because they don’t have the resources to do any of the shit they’re claiming.

Tell them to GFY and start building guillotines in your back yard in case they want to take it further. 
 This is the correct response  
 So what happens if someone anonymously donates more that $10k? 
 > The Infrastructure Investment and Jobs Act, which passed Congress in November of 2021, included a provision amending the Tax Code to require anyone who receives $10,000 or more in cryptocurrency in the course of their trade or business to make a report to the IRS about that transaction.

What is a 'trade or business' according to the IRS?

26 USC 7701(a)(26)
The term “trade or business” includes the performance of the functions of a public office.