Comments by "John Smith" (@JohnSmith-op7ls) on "Wendover Productions" channel.

  1. It’s not. The IRS has no way to value this stuff objectively. Nobody does. It’s all made up
    1
  2.  @jsn14 Those valuations are insane and for a reason. Only thing you got right is that laundering money is only one aspect. Tax evasion is the larger grift here. Speculation is part of it but more of a way to rip off new buyers who think they’re “investing”. Basically it’s a way to move money around without accountability. All other aspects are ride-along grifts.
    1