1,080 karma · joined September 26, 2017
Also the whole tax reduction statement is mostly an opinion. From what I've seen, most companies are almost purely motivated by the risk-adjusted post-tax profit that can be obtained from the investment. Every idea on the drawing board is effectively evaluated meticulously on this basis. If that number isn't to their liking then the research/project simply never gets funded. The company might opt to simply do share buybacks or pay a higher than normal dividend. Plus the overall argument is mostly junk because the United States heavily reduces taxes for companies that perform R&D through the R&D tax credit.
Also keep in mind, there are other cryptos that exist where the transaction fee is basically free and the transaction confirms in under 2 seconds. Nano is one that comes to mind.
Bitcoin is definitely falling into the "e-gold" category if you ask me.
1) young children are more likely to incorrectly click an ad or to not skip the ad (because they can't really read or understand that the ads are skippable)
2) young children often do not have ad blocking software installed
3) young children are more likely to watch playlists
The overall effect is that young children demographic is the most profitable demographic on youtube. Also lots of parents are basically using youtube as a form of free babysitting. Next time you go to the grocery store, just look at how many kids are sitting in the cart tapping away on a phone or a tablet.
Obvious example is pretty much everything on amazon is marked up 25% compared to the next biggest competitor (gotta love the "free" prime shipping, right?) but people pay up because amazon will get you your stuff in 1-2 days while Ebay will take 5 days or longer. People will pay for convenience and they will pay a lot for it as well.
1. Stop using google and related services. They log all your data forever (keyword searches). The FBI/governments are now going to google to get this data to use for investigation purposes. This is probably the same for any major internet company that records data (they all do). The only exception is for companies that pride themselves in having a "no logging" policy...maybe like duckduckgo.
2. Your computer can be tracked by its device characteristics. This is almost the same as your IP address or physical address to a certain extent. This was a significant part of the prosecution's evidence. You can use a USB bootable device like TAILs to potentially mitigate this risk.
3. The guy filed tax returns for something like 50-150k/year in taxable income. In certain years he had deposits into his bank account totaling $2.8 million.....I mean come on now...how do you think that's not going to raise a red flag...at least for the IRS?
4. BTC mixing services will not necessarily guarantee your privacy, especially if you are using KYC exchanges. Even if you are not doing anything illegal with your BTC...you'll still have to be able to explain where the money came from. This guy was going to use the excuse that his father gave him the BTC for free....and paid for all the BTC with cash.
5. If you're doing anything shady, for the love of god don't use a bank. Also if you are doing anything shady, don't use a KYC exchange. You're probably just better off staying entirely in crypto or selling the crypto for physical cash and just staying in cash.
My overall impression is for the amount this guy stole, he planned it out very sloppily and made very little effort to EFFECTIVELY conceal his activity.
It is a free service. If the parents in the article used a service like that then all of their spending problems would be solved because junior couldn't charge the card any further. All additional transactions would simply be declined.
The article talks about government regulation, but the government honestly has better things to worry about than what junior is spending on apps. People simply need to use the existing services, like privacy.com, to control their spending.