Comments by "Ace1000ks1975" (@Ace1000ks19751982) on "🔴 Peter Schiff debates Bitcoin w/ Barry Silbert at 2019 SALT Conference" video.

  1. Bitcoin doesn't come close to gold in anyway. LOL
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  2.  @MrB1923  no government in this world will take it as payment for their taxes. No bank will accept it as a debt payment. What can you buy with it?
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  3.  @MrB1923  If your Bitcoins get stolen, you can never get it back. If someone stole my credit card and used it, I can call the bank, and they can do a charge back. This is because there is arbitration. Anyways, the exchanges where you put your Bitcoins are regulated, so you better provide all that paperwork to the government at the next tax season. If you don't, the IRS will simply audit you, and you know the IRS right? There is no due process with them, you are guilty until you prove yourself innocent, not the other way around. The IRS can look into your credit card history, bank history, find out how much you deposited into coinbase, your bank account, etc. All they have to do is subpoena for those records from the cryptocurrency exchanges or your bank. If you bought a $100,000 car, the auto dealer is required by law to report any transactions over $10,000. There is no escape.
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