Argentina Unveiled Mandatory Registry For Bitcoin And Crypto Platforms

[enbits]

Exactly correct @enbits. People in bitcoin in Argentina are in it because they do NOT trust the government and want privacy. No way Argentines with bitcoin are going to declare it. It's one thing if cash is already in a US bank. But bitcoin and crypto is totally different.

I cash directly in a US bank, but I hold crypto in a cold wallet. Trust no one!

 

[Uncle Wong]

I cash directly in a US bank, but I hold crypto in a cold wallet. Trust no one!

I just started getting into Bitcoin the past few weeks while prices were lower. I heard cold wallet is the safest solution. I just bought from Coinbase but it sounds like cold wallet is the only way to go as long as you don't lose the password or lose the wallet! Although for this guy, losing his password probably is the best thing as he couldn't spend all those bitcoin!

They Cracked the Code to a Locked USB Drive Worth $235 Million in Bitcoin. Then It Got Weird

Stefan Thomas lost the password to an encrypted USB drive holding 7,002 bitcoins. One team of hackers believes they can unlock it—if they can get Thomas to let them.

www.wired.com

Remember That Guy That Lost A Flashdrive With 8,000 BTC? Here’s What He’s Up To Now

James Howells who lost $557 million worth of BTC in a flash drive is seeking to file a lawsuit against Newport City Council (NCC)

www.newsbtc.com

James Howells Considers Digging Up Landfill to Find Lost Bitcoin

James Howells from Newport, Wales being a cryptocurrency miner has come again as the recent surge in BTC price has made him begin his treasure hunt again. He is going to make his hands dirty again by digging up a landfill site.

www.newsbtc.com

 

[enbits]

I just started getting into Bitcoin the past few weeks while prices were lower. I heard cold wallet is the safest solution. I just bought from Coinbase but it sounds like cold wallet is the only way to go as long as you don't lose the password or lose the wallet! Although for this guy, losing his password probably is the best thing as he couldn't spend all those bitcoin!

They Cracked the Code to a Locked USB Drive Worth $235 Million in Bitcoin. Then It Got Weird

Stefan Thomas lost the password to an encrypted USB drive holding 7,002 bitcoins. One team of hackers believes they can unlock it—if they can get Thomas to let them.

www.wired.com

Remember That Guy That Lost A Flashdrive With 8,000 BTC? Here’s What He’s Up To Now

James Howells who lost $557 million worth of BTC in a flash drive is seeking to file a lawsuit against Newport City Council (NCC)

www.newsbtc.com

James Howells Considers Digging Up Landfill to Find Lost Bitcoin

James Howells from Newport, Wales being a cryptocurrency miner has come again as the recent surge in BTC price has made him begin his treasure hunt again. He is going to make his hands dirty again by digging up a landfill site.

www.newsbtc.com

There are trade-offs between storing in a platform (Coinbase / Binance) or in a cold wallet.

The 2 biggest trade-offs of platforms are:

1. Security: if the platform get's hacked you'll loose everything
2. Bureaucracy: if you have a bunch of money you may have to pay taxes, send papers / photos and you may have issues moving large amounts of US$ at once

The biggest trade-off of cold wallets is:

1. Security / Responsiblity: if someone stoles your seed phrase or you lose it you're done. A seed phrase is a set of 12/24 words that is virtually impossible to recover.

 

[Blockchain]

There are trade-offs between storing in a platform (Coinbase / Binance) or in a cold wallet.

The 2 biggest trade-offs of platforms are:

1. Security: if the platform get's hacked you'll loose everything
2. Bureaucracy: if you have a bunch of money you may have to pay taxes, send papers / photos and you may have issues moving large amounts of US$ at once

The biggest trade-off of cold wallets is:

1. Security / Responsiblity: if someone stoles your seed phrase or you lose it you're done. A seed phrase is a set of 12/24 words that is virtually impossible to recover.

Yes, advantages and disadvantages of each. Still, I would think if a bigger company like Coinbase got hacked, they would make the client whole. I know people that are finally getting funds back after Mt Gox hack back in 2014. He jokes probably the best thing as he would have spent it.

As far as taxes, seems like most governments around the world are going to make it so if you're an American you're going to have to pay taxes eventually. People that bought in earlier probably are more protected.

Many, many people get their seed phrase stolen or lose it. Amazing that happens but it does all the time.

 

[Blockchain]

Specially because is not a currency and is not owned by any goverment or banking entity: it's a sovereign store of value so having goverments telling people to declare bitcoin could be considered a violation of human rights. This really pisses governments and banking corporations a lot XD.

Yeah this ain't happening. Least not in Argentina!

 

[Blockchain]

More bad news. I just saw this new law about crypto in Argentina. No one is going to do this.

New Argentina Crypto Law: Declare Assets to Avoid Hefty Taxes

President Milei sets new rules for the crypto industry in a bid to enhance transparency and curb tax evasion.

www.ccn.com

 

[crypto]

Trump just spoke at the Bitcoin conference and is behind it now. Hopefully this helps globally.

 

[MikeYoung]

Trump just spoke at the Bitcoin conference and is behind it now. Hopefully this helps globally.

Trump is going to make Bitcoin explode! Going to fully embrace Bitcoin and firing the head of SEC if he gets elected.

https://twitter.com/x/status/1817304414807343407