GOLFMK8
GOLFMK7
GOLFMK6
GOLFMKV

Anyone else mining

GTIfan99

Autocross Champion
Location
FL
If they take chickens then the chickens were legal tender to that company or otherwise the debt would still be owed.

No, they were payment, not legal tender. Chicken tenders maybe, but not legal tender.

Legal tender is accepted by all businesses as payment. It's required by law. The law deems what coins, notes and instruments are legal tender. No company is legally required to accept chickens as payment, but they are free to accept them if they choose.

Again, FACT, crypto currency isn't legal tender in any country. Period
 
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MonkeyMD

Autocross Champion
Regardless of status, you can make a lot day trading cryptos.

Also had 2 former employees. One bought 100,000 Doge at .3¢ (not $) and the other had mined over 1mil Doge. Not too shabby.
 

jimlloyd40

Autocross Champion
Location
Phoenix
Car(s)
2018 SE DSG
No, they were payment, not legal tender. Chicken tenders maybe, but not legal tender.

Legal tender is accepted by all businesses as payment. It's required by law. The law deems what coins, notes and instruments are legal tender. No company is legally required to accept chickens as payment, but they are free to accept them if they choose.

Again, FACT, crypto currency isn't legal tender in any country. Period
Why don't you take your chickens and GTFO. 🐥
 

the

Autocross Champion
Location
Alabama
Car(s)
GTI
Again, FACT, crypto currency isn't legal tender in any country. Period
Coming from the guy who thinks chicken tendies aren't legal tender. Pffft...
1620786167550.png
 
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IanCH

Autocross Champion
Location
MA
Car(s)
'20 GTI
Lmao this thread is proof that crypto is the future.

We got people in here arguing that crypto is not currency, and that volatility in price relative to fiat currency means it cant be used.

So short sighted, crypto is like automation, it is coming for you whether you like it or not.

Also, everyone pays tax on crypto gains, the IRS is keen to it and most people are trading on an exchange that files reports to the IRS. Hell, my coinbase account is FDIC insured :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO:

If you dont understand cryptocurrency dont write posts about how it cannot be real, maybe do some research to understand what it is and why there's a difference between actual crypto currency and shitcoins.
 

GTIfan99

Autocross Champion
Location
FL
Lmao this thread is proof that crypto is the future.

We got people in here arguing that crypto is not currency, and that volatility in price relative to fiat currency means it cant be used.

So short sighted, crypto is like automation, it is coming for you whether you like it or not.

Also, everyone pays tax on crypto gains, the IRS is keen to it and most people are trading on an exchange that files reports to the IRS. Hell, my coinbase account is FDIC insured :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO:

If you dont understand cryptocurrency dont write posts about how it cannot be real, maybe do some research to understand what it is and why there's a difference between actual crypto currency and shitcoins.

I have zero doubt crypto is the future. It just isn't going to look like you think it'll look. It'll be regulated by the government and central banks.

Again, you guys are insane if you think governments and the banking industry is going to let go of control of monetary supply.

I've got a bunch of ocean front condos AZ to sell if you guys want to get in early on them.
 
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IanCH

Autocross Champion
Location
MA
Car(s)
'20 GTI
The only way crypto can be regulated is if the US government offers a coin. Some countries are doing it, but none of them well.
 

Acadia18

Autocross Champion
Location
The Greater Boston Metropolitan Area
Car(s)
2019 Golf R
The only way crypto can be regulated is if the US government offers a coin. Some countries are doing it, but none of them well.

You're spot on. The whole point of crypto is that it's deregulated. It will never be regulated.

To the question of "What gives it value?" from a few pages ago, the answer is people. People's perceived value. If more people want to buy it than people want to sell it, the value goes up. If more people want to sell it than buy it, the value goes down. That's it boiled down. It's not backed by anything like a fiat currency.
 

GTIfan99

Autocross Champion
Location
FL
You're spot on. The whole point of crypto is that it's deregulated. It will never be regulated.

To the question of "What gives it value?" from a few pages ago, the answer is people. People's perceived value. If more people want to buy it than people want to sell it, the value goes up. If more people want to sell it than buy it, the value goes down. That's it boiled down. It's not backed by anything like a fiat currency.

What gives legal tender value is the economic activity, assets and stability of the country that issues it, so to say a fiat currency isn't backed by anything is pure nonsense. Stocks in a company are based on their assets, liabilities, revenue, and profits. To say crypto is backed by what people think it's worth is true, is absolutely true, which is exactly the problem.

To compare crypto to reserve currencies and stocks is ridiculous.

But I get it, it's popular and people are making money right now, so everyone wants in. That's basic Homan nature, but I think you're wrong and government issued crypto will be all that's left on 15 to 20 years, as crypto increases in popularity, so will the number of counties that outlaw currency not issued by a government.

It's also disingenuous to claim there's no issue with crypto and tax evasion because YOU use a wallet that reports to the IRS and YOU don't avoid taxes. It's a real issue and the issue that will push governments to ban crypto except the coins they issue.

https://www.google.com/amp/s/www.fo...crypto-tax-evasion-is-a-criminal-offense/amp/
 
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