Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Leister

๐Ÿ‘ค Speaker
1620 total appearances

Appearances Over Time

Podcast Appearances

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

But if they can adopt it and people will jump on board with it, it helps people get that cryptocurrency on their aims.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

Now, obviously the IRS is going to be having their eyes on that.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

They're going to want to figure out how they're able to get their fair slice or what they think is their fair slice of all the cryptocurrency, the Bitcoin being mined out there, whether or not, again, this becomes a thing.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

I struggle to see that it will.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

I say that because I think the Democrat side is not interested in increasing any sort of cryptocurrency exposure because they already passed the thing that said nobody in office can go on the gambling markets, you know, the poly market and all that stuff.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

And then Gavin Newsom, he passed a bill saying, yeah, you can't go on the gambling predictions.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

I'm not against it.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

I'm saying that I don't think that adoption of cryptocurrency is on people's minds like you think it might be.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

And I think that contributes partially to what we see.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

You were sold a bill of goods about the support for cryptocurrency across the board.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

Midterms this year are going to tell a story because if we start to regress, look it up back to the world where we're attacking cryptocurrency again,

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

It's just going to be worse than it is right now.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

I do think if we don't get smarter about all this and I'm talking tax, IRS, et cetera, but if we don't get smarter about this, it's going to get worse before it gets better.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

That's my pulse on what I see.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

Meanwhile, Bitcoin long term again, it's going to have run ups again simply because it's already out there.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

Some were spooked by Google recently coming out talking about, yep, nine minutes, the quantum computing, nine minutes to crack Bitcoin and people think Bitcoin's at risk.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

Newsflash, Bitcoin's always been at some level of risk.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

It's been insulated so far by simply a lack of knowledge.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

But remember that the code is out there.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

It's not like it's not.