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guys the real villains here are the payment processors, the silent shadowy blacklisting cabal that dictates the kind of moral behavior we're allowed to engage in, who, without any sort of oversight, can wipe any company they wish out of existence.

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i'd normally be like 'this is fine because of the free market', except we don't have a free market; the natural competition to this, crypto, has been defanged with regulation that prevents it from being the rightful free market competitor it should be.

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Charlie Sanders

@CharlieSand3rs

Replying to

What's the regulation that's been passed that is preventing crypto from being a free market competitor? I can't find any regulation that would prevent that here:

en.wikipedia.org

Virtual currency law in the United States - Wikipedia

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Replying to

@CharlieSand3rs

u have to report every single crypto transaction you make to the irs

11:49 PM · Aug 19, 2021

Andrea Matranga

@andreamatranga

Replying to

and

@CharlieSand3rs

So? Get some cryptobros/sises on board, launch a platform, loop in the IRS, and you're a billionaire by Christmas

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Replying to

and

@CharlieSand3rs

Not true, but even if so, the irs can't stop anyone from receiving or sending bitcoin. So why do their rules even matter?

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Replying to

and

@CharlieSand3rs

If you don't sell your crypto for fiat, I don't think it will be taxable. Or will it?

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