US Launches Quiet Crackdown On Cryptocurrencies

Central banks do not like competition. In 1933, FDR signed an executive order which made holding gold illegal. Congress was dumb and/or corrupt enough to let him.

They did NOT go door to door collecting people's gold bullion in 1933. That may not have gone well then and I doubt it would go over well today.

The Deep Web is a totally different ballgame. The surface web you deal with every day is less than one percent of what's out there. Here's what you should know:

1. If they can build it, they can hack it.

2. Even if it's not hacked, Bitcoin is not anonymous and your blockchain keeps a record of every single transaction from the beginning. Which is why people have gone to jail for doing naughty things with it.

3. Even if you're not hacked, and not doing anything wrong, AND it looks like it's going in your favor and bitcoin's price is skyrocketing, the government will show up and tax you on your profits. If you forget to claim it, the IRS will come knocking. (they just passed regs applying securities law to crypto AND they just doubled the jail time) They're serious about this.

4. Even if you never plan to buy a single bitcoin ever, you're going to get nailed by this. We all are. The dollar is the biggest digital currency on the planet and they're serious about outlawing its physical version. Digital dollars are controllable. Cash=competition.

They folks paying attention are getting more gold and silver. Do it now because you won't be able to later.