Unfortunately, it's complicated. There are in-country tax considerations for the overseas entity and, as Americans are often shocked to find when moving here, something like an LLC is going to cause a huge tax headache with taxes

[–] MrNesser@lemmy.world 33 points 23 hours ago (2 children)

Also it's technically money laundering

[–] x00z@lemmy.world 16 points 20 hours ago (1 children)

Hey that's what the Irish Facebook holding company was doing.

[–] MrNesser@lemmy.world 3 points 19 hours ago

Oh to be sure to be sure

[–] reksas@sopuli.xyz 13 points 22 hours ago (1 children)

rich are doing it too though

[–] mp3@lemmy.ca 20 points 20 hours ago (1 children)

It's only illegal if it's enforced
~ the rich

[–] reksas@sopuli.xyz 6 points 20 hours ago (1 children)

or rather, rules for thee but not for me

[–] _cryptagion@lemmy.dbzer0.com 3 points 18 hours ago (1 children)

Yes that’s what they said.

[–] reksas@sopuli.xyz 2 points 16 hours ago

there is slight difference in meaning

[+] jet@hackertalks.com -66 points 22 hours ago (3 children)

If only there was a digital fungible currency that didn't require a uninvolved third party to allow.

[–] Nalivai@lemmy.world 3 points 3 hours ago

Yeah, if only there indeed was one.

[–] Tattorack@lemmy.world 138 points 21 hours ago (2 children)

If only that currency wasn't rife with techbros, scammers, and techbro scammers.

[–] A_Random_Idiot@lemmy.world 59 points 20 hours ago* (last edited 20 hours ago) (2 children)

the "currency" is rife with scammers because the "currency" is a scam.

its a pump and dump ponzi. Its digital Bernie Madoff for the new millenium.

all of them are. Every single one.

Yes even the one you, dear reader, like. Especially the one you like.

Thats why they are so unstable.

And its also why anyone that tried to use them as currency abandoned it almost as soon as they started, because losing 20% of your transaction in the 5 seconds the transfer and processing takes isnt a deal anyone but the most desperate to stay in the shadows criminals are going to accept.

[–] drmoose@lemmy.world -2 points 5 hours ago* (last edited 5 hours ago) (2 children)

Way to reinforce the meme that all crypto haters are idiots by straight up lying and making shit up. Come on man.

And here we are - greedy scam idiots on the left, angry ignorant haters on the right and we chug along through mud. The internet is so tiring...

[–] A_Random_Idiot@lemmy.world 2 points 4 hours ago (1 children)

the rubes do get so very hostile when they are told the truth.

Gotta protect the fragile ego instead of admit you fell for something.

[–] drmoose@lemmy.world 0 points 3 hours ago

You know it's possible to be critical of something without lying? You literally invalidate all of your points and I say this as a crypto hater myself. Just stop this stupid shit that is not helping anyone and just infect people with stupid.

[–] Duamerthrax@lemmy.world 0 points 4 hours ago

Pump elsewhere.

[–] FeelThePower@lemmy.dbzer0.com -1 points 20 hours ago (2 children)

except there are things like tether and usdc which are fixed to the value of the US dollar permanently.

[–] HeyJoe@lemmy.world 4 points 11 hours ago (3 children)

Not sure why your down voted. I have used them before to transfer money and works fine. It's exactly why it exists. I wouldn't store money there, but for transfers and transfer out, they work perfectly fine.

[–] ChairmanMeow@programming.dev 6 points 11 hours ago (1 children)

It's because supposed stablecoins often also end up being scams.

[–] HeyJoe@lemmy.world 0 points 9 hours ago (1 children)

Yeah, i get that. But the 2 mentioned are fine and not going anywhere unless something catastrophic happens. I wouldn't use some sketchy ones either.

[–] urbeker@programming.dev 4 points 5 hours ago (1 children)

Lol Tether a company that claims to have $100 billion in reserve to back its currency but has never had an audit. Nothing sketchy about that at all.

[–] HeyJoe@lemmy.world 1 points 4 hours ago

It's been around for 9 years now. I use it sometimes for transfers, and that's it. It's not an investment I'm looking to throw money into and hope it doesn't go belly up. If you really look, I'm sure you're right. Probably all of them do some level of unethical to illegal activity. I am just commenting on the fact that to use the stable coins for transfers it's going to be pretty safe and I am not worried about it, unlike the pump and dump coins that pop up.

[–] FeelThePower@lemmy.dbzer0.com 0 points 5 hours ago* (last edited 5 hours ago)

a lot of people on here are geezers and don't understand it. they are literally calling USD (the actual currency of the United States!!!) a pump and dump scam. thats all you need to know.

[–] Thcdenton@lemmy.world 1 points 11 hours ago (1 children)

Lemmy fuckin hates crypto lol

[–] A_Random_Idiot@lemmy.world 5 points 8 hours ago

anyone with a functional brain and a flash of cognitive self awareness hates crypto.

cause its a fuckin scam designed to screw over rubes.

[–] qyron@sopuli.xyz 19 points 19 hours ago (1 children)

One of those stable coins was once found to not having a single cent backing it, unlike what the team behind it claimed.

Risk for risk, I stick to the feeless coins.

[–] FeelThePower@lemmy.dbzer0.com 3 points 17 hours ago (1 children)

I only say this because the parent comment was in reference to payments and the reply was talking about investment inflation / deflation. for strictly sending payments, stablecoins can be okay. but as for crypto shit as a whole I'm not a fan of what it's become.

[–] A_Random_Idiot@lemmy.world 0 points 8 hours ago (1 children)

its a pump and dump ponzi. Its digital Bernie Madoff for the new millenium.

all of them are. Every single one.

Yes even the one you, dear reader, like. Especially the one you like.

[–] qyron@sopuli.xyz 0 points 19 hours ago

The first coming to mind would be Nano. No fees.