ITS OVER

CHAIN LINK IS A SECURITY
reddit.com/r/Chainlink/comments/8gcix9/chainlink_as_a_security/dycu4sr/
*BRATHES IN*

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YOULL TAKE MY LINK FROM
MY
COLD
DEAD
HANDS

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So what? Plenty of securities run to the thousands. And if I need to fill out a form and pay some taxes for a node, big deal.
$1000 EOY

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Links issue, along with everything else in the crypto space, and I am sure they have this addressed with their legal team.

The problem is we get taxed out the ass.

> ((( fill out a form and pay taxes goys! )))

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>Posting fud from literal buttcoiners
So this is how desperate the accumulators have become.
Sorry losers, April 1st 2018 -- the start of the golden bullrun

>Amerimutt problems

yes it will be classified as a security. now people realize why blockone and EOS have that huge legal disclaimer.

What a shame, don't worry burguers, I'll keep them safe when you sell them.

Don't we get massive tax reductions for holding at least 1yr? Most of us would qualify for that I'd imagine.

also, if link moons it's worth doing whatever it takes to keep them. That includes moving to a shithole. Wyoming passed a bill exempting crypto from securities regulation as long as the token in question demonstrates utility. You can thank Perianne for that one

i will 100% do that if need be. land is cheap in wyoming too

Interesting, it would a decent idea considering the potential. Can anyone share insight how this would affect my tax rates?

You will never leave Uncle Sam

>state taxes
>federal taxes
lmao stay deluded linkies

lmao what legal team? I'm sure their legal team, if they have one, is just a "sandwich artist" named Ramon.

Amazes me how ignorant some on this board actually are. Sure, they held a 32MM dollar ICO, work with Swift and Microsoft among others, and have no legal team working with them. Comedy gold.

Wyoming is not a shithole though. NYC, SF, LA... those are shitholes, and don't forget that there are places like Baltimore, Pittsburgh, and Detroit to really get an idea of how nice Wyoming is.

Won't effect taxes, you still pay capital gains. Hold for 1yr+ and it's only 15%. Bonus, Wyoming has no state income tax so you only pay federal. Not such a bad deal for keeping your link.

True, it's the weather that gets me

You thought those memes were real??? lmao

Sergey is a Philosophy major. The only thing the motherfucker is good for is eating Big Mac's!

please don't come to wyoming. we're full

Stop posting and see

> Wyoming

Fuck off we are full.

too late, we're coming. prepare your streets

subtle.

I love how you faggots are so scared of cities. So fucking pathetic.

It took me a while to realize Wyoming was a city and not a funny way to call women

wait just a little longer and you'll learn something else too

Anyways it would be wise to dump your bags until this gets cleared out

Kek

>scared of cities
you would literally starve to death if supermarkets stopped selling food one day

what if I'm living overseas?
I can avoid taxes then right?

How does change anything for taxes? You already had short term and long term capital gains to consider.

Vaporware shitcoins without utility may stop mooning, though. If tokens are securities, doesn't that mean only accredited investors can buy them? That means normies can't fomo in and buy your Tron bags unless they have a million dollars in assets other than their home or have made $200k/yr for the last two years.

I thought the way ChainLink would moon would be due to companies buying our bags so they could run nodes. If that's the case, then we don't need normie fomo anyway.

Tron and other shitcoins are probably fucked if they have no value to companies or institutional clients or whatever.

kekd hard

How much ass taxing are we talking here

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Bump

Literally all of crypto is an unregistered security, but the best part is that the government can't do shit about it. Maybe they can try to ban some companies, but all that will do is ensure that all of the most talented programmers fuck off to some shithole country to do it anyway. It's not like they can prevent me from using binance or some dex, and if they ask where all the money came from when I try to cash out, I can just say that I bet my life savings on one of those number generator gambling games and won the jackpot. I'd show them the transaction details, but they paid out in monero, woops.

The chances of you holding for 1 year are slim. What if this dog shot coin "moons"? You selling?

You're retarded as fuck

>what is tax fraud
You're going to need a better strategy. Most likely involving cashing out in a different country.

which country to cash out desu

Why you gotta single me out like that? My sandwiches are for me.

The point was not to put forward a legitimate plan to avoid paying taxes, but to point out that simply using the technology has all kinds of plausible deniability built in. Even in such a silly example, there is still no way for them to prove that I'm lying.

What will actually solve this problem is when crypto is widely adopted because then we won't have to cash out.

This is great, it will incentivise people to buy and hold.

So how does this affect tax rates for holding for greater than a year? This is in California btw

>This is in California btw
Just hand your portfolio to the state and go back to work. Also you're laid off.

Thanks, just doubled my stack

This thread is useless. Amerimutts were gonna get tax raped anyways.. what does an asset being classified as a security entail in butgerland? (Obvious brainlet here)

if its a security and not regulated by the (((SEC))),
its illegal to own or be involved in(as an americuck). only (((accredited investors))) are allowed to become rich investing

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>land of the free

Topkek

Sell me your bags mutts

Holy shit. Did this faggot just use someone writing "Chainlink as a security" on plebbit as evidence that chainlink is a security? kek. This board is full of 12 year olds. kys

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As a node operator, aren’t you in business with the company?