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RE: Proposed Update to Law in the USA Targets Travelers Who Use Crypto Currencies.
These guys...
Taxation is theft. Of course, preaching to the choir here.
How would any of this be enforced without first complying and basically becoming more of a slave/bitch to the state?
Ways will be found to flow like water around the obstacles.
Trusted third party, escrow/landing wallets?
People getting significantly better with brain wallets?
(Lol yikes for some. Deflation anyone 😝?)
Better stealth on devices and keys 🔑? 😏
What else???
Will be cool to see how things develop...
We got this!
Solid post @hilarski !!!
We all needs to be situationally aware with these proposed measures.
Encrypted paper wallets - make your own simple encryption and save the key in your phone/laptop/cloud with a random name and location. When they check your paper wallet and it doesn't work, you tell them it's not a wallet code.
OR
There are tiny cold wallets as well, I'm sure you can get creative with them when traveling.
The bill really shows how far behind these people are in figuring out what is going on. They obviously don't understand how private keys can be stored anywhere. Or how wallet seeds work.