Quote:
Originally Posted by thommy
but this is not what it is used for. there are people in the world sitting on billions of black money and want to have it white.
crypto is the only way where everybody can act like 2 different person
buy when it is cheap with clean money - than buy more with black money - cash the white money including profit out and it is superclean.
than buy more with more clean money and push the rate with the black money.
this is SO obvious what happens here (and you can see it at the volatility) and I am pretty sure that the governments even tolerate this at the moment because the untaxed money comes back into white circulation and has at least one chance to be taxed there.
but as soon this is under regulation it will stop immediately.
no question THAT just the WHEN is open.
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I am waiting for some Germans who want to cash out their profits for less taxes
I ask only 5%. That will be the new market for people that want to cash out without high taxes. Ps, you can always sell it for cash on the street in most countries.
I am sure governemts don't care if black money comes back. Like my teachers said. there is no black money. It looks and smell the same. It keeps a whole part of the economy running. The guy that repairs your kitchen cheaper and black without paying VAT (21%). Rent a nanny on the 'black' market. If you want a house cleaner and pay her/him white in Holland... good luck finding one. As long as there are high taxes and forbidden drugs, there will be black money. And that isn't always bad.
look at Amsterdam 'Zuidas', that is the financial district of Amsterdam. Most office buildings are empty. But on paper there must be thousands of companies. Bono from U2 loves Holland, at least the tax system. same with Rolling Stones. And some corrupt oligarch from Ukrain. The Dutch government doesn't care about black money from big companies or criminals, only if they can fuck the man on the street they care. So why should i care?