
CLASSIC: Cryptocurrency Conspiracies, Part I
Stuff They Don't Want You To Know
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The Taxation of Bitcoin
There's a practice called tumbling wallets, where someone wants to avoid being associated legally with some kind of profit. The math problems are only as difficult as they need to be for the amount of computing processing power there to solve them within about 10 minutes. You know, I said that it takes 10 minutes to verify transactions. That's by design. If you were to see a sudden drop off, let's say people just realized like, I'm losing more money running this gear than I am getting in Bitcoin. It's actually more expensive for me to mine than I'm gaining in what I'm getting back.
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