How to piss off the IRS - Inappropriately named coins

in #cryptocurrency7 years ago (edited)

I posted a picture yesterday that might have offended some people. You can find the post here:

https://steemit.com/dmania/@krisr92/9-reasons-why-crypto-prices-are-falling-zg1hbmlh-je0yi

Because of one word.

Well, I am sorry. But hear me out.

There's been a story going around on the internet about how Americans could piss off the IRS.

Here is the breakdown:

  1. Select an inapproriately named coin (in my post I used Niggercoin as an example, yes, it does exist)
  2. Set up a trading bot that trades an X amount of coins back and forth for a period of time
  3. Print out the trading records
  4. Ship the IRS 40 boxes of papers
  5. ???
  6. Laugh everytime throughout the year whenever someone reminds you about the IRS or taxes
  7. Do it again next year when you have to report your crypto related taxes