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spicymapotofu | 2 years ago

These early adopters are paying for their lack of bookkeeping the same way someone who kept a similar amount of trail-less cash out of the bank would. It's hard to find sympathy for that kind of glibness, especially when crypto actually can be traced back still under most conditions - assuming your bank didn't lose their records from the time, you could show a purchase and vague value increase over time, and accompanying account statements would resolve any AML concerns.

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olalonde|2 years ago

You think it's fair that someone should lose millions of dollars or go to jail because they didn't keep paperwork for a 50$ cash purchase they made a decade ago? In the early days of Bitcoin, a lot of the purchases were made peer-to-peer with cash. There were even websites called faucets that were literally giving it away.

KirillPanov|2 years ago

> someone who kept a similar amount of trail-less cash out of the bank

avoiding banks is not a crime.