What's the deal here Joe, spying on my bank account for $10,000/year in accum trx

[invictus]

bitcoin reporting is in the bill (for Biden Admin reporting purposes), or more precisely at the creative level, let's use the term unregulated digital currency, whatever it's name may be.

Not sure how they plan on tracking that... You can certainly make algorithms to track money on accounts but how are they planning to put faces to those accounts?

[testsubjectalpha]

FBI got all the cash back from the Colonial Pipeline hack...because digital currencies are not trackable? In fact, ownership belongs to the current key owner, i.e. very easily tracked as the block chain grows.

Not sure how they plan on tracking that... You can certainly make algorithms to track money on accounts but how are they planning to put faces to those accounts?

[invictus]

FBI got all the cash back from the Colonial Pipeline hack...because digital currencies are not trackable? In fact, ownership belongs to the current key owner, i.e. very easily tracked as the block chain grows.

Yeah, like I said, you can track to which account the money goes to... I can do, that's open for the public to see... How do you track the person who created the account? Obviously, if you're a criminal with any sense, you'll cover your tracks. (Like using TOR to create the account for illegal activity and whatnot) Then there are cryptocurrencies like darkcoin that can't be tracked which will probably be the go to currency (If it isn't already) for the criminals...

I don't think any legislation will be useful here.

[testsubjectalpha]

I think you highlighted the issue very well. Thanks.

Yeah, like I said, you can track to which account the money goes to... I can do, that's open for the public to see... How do you track the person who created the account? Obviously, if you're a criminal with any sense, you'll cover your tracks. (Like using TOR to create the account for illegal activity and whatnot) Then there are cryptocurrencies like darkcoin that can't be tracked which will probably be the go to currency (If it isn't already) for the criminals...

I don't think any legislation will be useful here.

[Tahuyaman]

What's the deal here Joe, spying on my bank account for $10,000/year in accum trx

This would impact in a negative was virtually every American who has a bank account or a job. It gives the federal government justification to snoop into your private business. No one should support this totalitarian idea.