This is what these "regulation is coming; we have to compromise!" morons get you.

Bunch of absolute idiots saying that because there's a random article reporting some secondhand informal conversation, the IRS won't follow the congressional definition of a broker as defined in the new piece of shit infrastructure bill pork. Under the new law, everyone who has ever owned bitcoin or traded it is basically a broker, which is ridiculous.

The jackasses are declaring this news bullish for bitcoin. They say this secondhand informal comment means that the IRS is on bitcoin's side. It's stupid to a degree I can't even fathom. I can only assume these idiots are coping for any news that could be conceived as bullish for bitcoin in an attempt to perpetually pump their bags. Morons like this don't really believe in bitcoin. They believe in making bitcoin rise in price versus fiat so they can cash out to buy hookers and coke.

For those in the cheap seats, here's the fallacy in logic:

First of all, the article says "the IRS" as if that's an individual person and not a completely malleable blob of constantly changing bullshit. Like the IRS doesn't change leadership every 5 years and policy whenever they want. Look at the tax code now. People's main concern is that the US tax code is a huge, indecipherable mess that can be used to indict or vindicate anyone based on perspective. There is no absolute. Why do you think that is? One person said one thing 3 months ago, then another person said something slightly different a few months later. The someone else modified that law a few months after that. And that's what we have now with this bitcoin talk.

The IRS is saying it won't indict a 7 year old kid who accidentally breaks into dad's digital wallet for now, I guess. But they have the legal justification to do so at any time now. The second they decide to reverse their magnanimity, they have legal standing if this congressional bill passes as is. But the fucking shortsighted shills haven't thought of this or just don't care. No, just because some fucker said today that we choose not to go after everyone as a broker even though we could, they want to call that bullish.

The IRS also now has the ability to pick and choose who it will go after. They can hold this law over people's heads and extort them without indicting as well — for those who believe this trust trap and give up all the goods.

No, what that does is give the IRS complete jurisdiction over the definition of you as a criminal or not. They now have discretion over your finances, which is the game here. They don't need to take money from you right now. They just need you to cede control over to them — to trust them so they can do it at will.

'Oh, ok, officer Friendly! Sure, here's all my info and private fuckin keys! Thanks for not bending me over and robbing me of my money today!

Two days later:

Hey, where's Officer Friendly? 

Oh, he retired. By the way, you're under arrest for bitcoin shit. Either come with me now or pay me this bribe of $35K.

What? But Officer Friendly said he didn't care about that!

Bitch, do I look friendly to you? Where's the fuckin cash? Oh yeah, I got your info. I'll just confiscate it. Thanks for your fucking cooperation, citizen! [insert 50 Cent speeding off in the car meme]'

Look, let the fucking stupid shills talk whatever shit they want. If they're really as stupid as they make themselves out to be on social media, they can get their portfolios reamed when the tide turns. You focus on privacy and the independence of your financial situation. There's plenty of info on this blog. If you hate my guts for some reason, go get the info from somewhere else. I don't care. Just don't get suckered in by these jackasses who don't know what the fuck they're talking about. Random fucking idiots on Youtube who just got lucky in 2017.

Think about it this way. If you do it my way and I'm right, you're golden. If you do it my way and I'm wrong, you're still golden. If you do it their way and they're right, you're still golden. But if you do it their way and I'm right, you're super fucked. Simple math, man. Play the odds correctly and you always win over time.

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YOUR GUIDE TO MAKING MONEY IN CRYPTO STARTS HERE ---> Making Money in Crypto Part 1
Why you should buy your Tesla (and everything else) in BTC ---> Why You Should Buy Tesla With Bitcoin
Find out why Chainlink 2.0 is a problem for your freedom ---> Why Chainlink Will Kill Crypto
Why Hexicans/Pulsechain Fags are Pieces of Fucking Shit ---> The Problem with the Hex and Pulsechain Community