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[Lost in the Sauce] Trump admin hides Paycheck Protection program details; lawmakers benefit from loans
Welcome to Lost in the Sauce, keeping you caught up on political and legal news that often gets buried in distractions and theater… or a global health crisis. Title refers to: The Trump admin is blocking IGs from getting info on over $1 trillion in relief spending, including corporation bailouts. The admin is also withholding PPP info from Congress, meaning we don't know if Trump or his family took taxpayer money. Additionally, we learned that at least 4 members of Congress have benefited from PPP money, but aren't required to disclose it. Housekeeping:
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Coronavirus
Inspectors general warned Congress last week that the Trump administration is blocking scrutiny of more than $1 trillion in spending related to the Covid-19 pandemic. According to the previously undisclosed letter, Department of Treasury attorneys concluded that the administration is not required to provide the watchdogs with information about the beneficiaries of programs like the $500 billion in loans for corporations. Treasury Secretary Mnuchin refused to provide Congress with the names of recipients of the taxpayer-funded coronavirus business loans. After criticism, Mnuchin began to walk back his denial, saying he will talk to lawmakers on a bipartisan basis “to strike the appropriate balance for proper oversight” of PPP loans “and appropriate protection of small business information.” At least 4 lawmakers have benefited in some way from the Paycheck Protection program they helped create.Politico has been told there are almost certainly more -- but there are zero disclosure rules, even for members of Congress.
Republicans on the list include Rep. Roger Williams of Texas, a wealthy businessman who owns auto dealerships, body shops and car washes, and Rep. Vicky Hartzler of Missouri, whose family owns multiple farms and equipment suppliers across the Midwest. The Democrats count Rep. Susie Lee of Nevada, whose husband is CEO of a regional casino developer, and Rep. Debbie Mucarsel Powell of Florida, whose husband is a senior executive at a restaurant chain that has since returned the loan.
Mick Mulvaney dumped as much as $550,000 in stocks the same day Trump assured the public the US economy was 'doing fantastically' amid the COVID-19 outbreak. Mulvaney unloaded his holdings in three different mutual funds, each of which is primarily made up of US stocks. The next day, the value of the mutual funds tanked.
Cases rising in many states
Good summary: There was supposed to be a peak. But the stark turning point, when the number of daily COVID-19 cases in the U.S. finally crested and began descending sharply, never happened. Instead, America spent much of April on a disquieting plateau, with every day bringing about 30,000 new cases and about 2,000 new deaths. This pattern exists because different states have experienced the coronavirus pandemic in very different ways…The U.S. is dealing with a patchwork pandemic. As of Friday, coronavirus cases were significantly climbing in 16 states: Alabama, Arizona, Arkansas, Florida, Georgia, Louisiana, Mississippi, Nevada, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Utah, and Washington. Oklahoma is experiencing a massive increase in coronavirus cases just days before Trump’s planned rally in Tulsa. In Tulsa county itself, 1 in roughly 390 people have tested positive. Yet Trump plans on cramming 20,000 people in an event with voluntary face mask policy and no social distancing. Attendees must sign a waiver that absolves the president’s campaign of any liability from virus-related illnesses.
On Monday, Pence lied saying that Oklahoma has “flattened the curve.” As you can see at any of the resources immediately below, this is not even close to true. Over the past 14 days, the state has seen a 124% increase in cases and reports 65% of ICU beds are in use.
Tulsa World Editorial Board: This is the wrong time and Tulsa is the wrong place for the Trump rally. "We don't know why he chose Tulsa, but we can’t see any way that his visit will be good for the city...Again, Tulsa will be largely alone in dealing with what happens at a time when the city’s budget resources have already been stretched thin."
Earlier in the day, Trump tweeted that he is a victim of double standards when it comes to perception of his decision to resume campaign rallies in the midst of the coronavirus pandemic, declaring that attempts to “covid shame” his campaign “won’t work!”
Resources to track increases: There are many different sites with various methods of visualizing the spread of coronavirus. Here are some that may be particularly useful this summer… Topos COVID-19 compiler homepage and graphs of each state since re-opening. How we reopen Safely has stats on each state’s progress towards meeting benchmarks to reopen safely (hint: almost none have reached all the checkpoints). WaPo has a weekly national map of cases/deaths; the largest regional clusters are in the southeast. On Monday, Trump twice said that “if we stop testing right now, we’d have very few cases, if any,” (video). Aside from the fact that cases exist even if we don’t test for them, we cannot explain the rising number of cases by increased testing capacity: In at least 14 states, the positive case rate is increasing faster than the increase in the average number of tests.
Reminder: In March Trump told Fox News that he didn't want infected patients from a cruise ship to disembark because it would increase the number of reported cases in the US. "I like the numbers being where they are," Trump said at the time. "I don't need to have the numbers double because of one ship that wasn't our fault."
Fired scientist Rebekah Jones builds coronavirus dashboard to rival Florida’s… Her site shows thousands more people with the coronavirus, and hundreds of thousands fewer who have been tested, than the site run by the Florida Health Department.
Equipment and supplies
More studies prove wearing masks limits transmission and spread of coronavirus… One study from Britain found that routine face mask use by 50% or more of the population reduced COVID-19 spread to an R of less than 1.0. The R value measures the average number of people that one infected person will pass the disease on to. An R value above 1 can lead to exponential growth. The study found that if people wear masks whenever they are in public it is twice as effective at reducing the R value than if masks are only worn after symptoms appear. Meanwhile, Trump officials refuse to wear masks and Trump supporters copy his behavior… VP Mike Pence, leader of the coronavirus task force, published a tweet showing himself in a room full of Trump staffers, none wearing masks or practicing social distancing. Pence deleted the tweet shortly after criticism. A poll last week showed that 66% of likely-Biden-voters “always wear a mask,” while 83% of likely-Trump-voters “neverarely wear a mask.”
Trump’s opposition to face masks hasn’t stopped him from selling them to his supporters, though. The online Trump Store is selling $20 cotton American flag-themed face masks.
Yesterday, we learned that South Carolina Republican Rep. Tom Rice and family have tested positive for the coronavirus. Just two weeks ago, Rice was on the House floor and halls of the Capitol without wearing a mask.
Internal FEMA data show that the government’s supply of surgical gowns has not meaningfully increased since March… The slides show FEMA’s plan to ramp up supply into June and July hinges on the reusing of N95 masks and surgical gowns, increasing the risk of contamination. Those are supposed to be disposed of after one use. Nursing homes with urgent needs for personal protective equipment say they’re receiving defective equipment as part of Trump administration supply initiative. Officials say FEMA is sending them gowns that look more like large tarps -- with no holes for hands -- and surgical masks that are paper-thin. More than 1,300 Chinese medical-device companies that registered to sell PPE in the U.S. during the coronavirus pandemic used bogus registration data… These companies listed as their American representative a purported Delaware entity that uses a false address and nonworking phone number. Florida is sitting on more than 980,000 unused doses of hydroxychloroquine, but hospitals don’t want it… Gov. Ron DeSantis ordered a million doses of the drug to show support for Trump, but very few hospitals have requested it.
Native American communities struggle
The CARES Act money for Native American tribes, meant to assist people during the pandemic, came with restrictions that are impeding efforts to limit the transmission of the virus. For instance, the funds can only be used to cover expenses that are "incurred due to the public health emergency." On the Navajo Nation, the public health emergency is inherently related to some basic infrastructure problems. 30% of Navajo don’t have running water to wash their hands, but the money can’t be used to build water lines. Federal and state health agencies are refusing to give Native American tribes and organizations representing them access to data showing how the coronavirus is spreading around their lands, potentially widening health disparities and frustrating tribal leaders already ill-equipped to contain the pandemic. The Centers for Disease Control and Prevention has turned down tribal epidemiologists’ requests for data that it’s making freely available to states. A Hospital’s Secret Coronavirus Policy Separated Native American Mothers From Their Newborns… Pregnant Native American women were singled out for COVID-19 testing based on their race and ZIP code, clinicians say. While awaiting results, some mothers were separated from their newborns, depriving them of the immediate contact doctors recommend. New Mexico Gov. Michelle Lujan Grisham announced that state officials would investigate the allegations.
Personnel & appointees
Former IG Steve Linick told Congress he was conducting five investigations into Secretary of State Mike Pompeo and the State Department before he was fired. In addition to investigating Pompeo's potential misuse of taxpayer funds and reviewing his decision to expedite an $8 billion arms sale to Saudi Arabia, Linick’s office was conducting an audit of Special Immigrant Visas, a review of the International Women of Courage Award, and another review "involving individuals in the Office of the Protocol."
Pompeo confidant emerges as enforcer in fight over watchdog’s firing: Linick testified that Undersecretary of State for Management Brian Bulatao, a decades-old friend of Pompeo’s, “tried to bully [him]” out of investigating Pompeo.
Trump has empowered John McEntee, director of the Presidential Personnel Office, to make significant staffing changes inside top federal agencieswithout the consent — and, in at least one case, without even the knowledge — of the agency head. Many senior officials in Trump's government are sounding alarms about the loss of expertise and institutional knowledge. Trump’s nominee for under secretary of defense for policy, retired Army Brig. Gen. Anthony Tata, has a history of making Islamophobic and inflammatory remarksagainst prominent Democratic politicians, including falsely calling former President Barack Obama a Muslim. Amid racial justice marches, GOP advances Trump court pick hostile to civil rights.Cory Wilson, up for a lifetime seat on the U.S. Circuit Court of Appeals for the 5th Circuit, has denied that restrictive voting laws lead to voter suppression and called same-sex marriage “a pander to liberal interest groups.” Interior Secretary David Bernhardt has indefinitely extended the terms of the acting directors of the Bureau of Land Management and the National Park Service, sidestepping the typical Senate confirmation process for those posts and violating the Federal Vacancies Reform Act,
Courts and DOJ
The Supreme Court declined on Monday to take a closer look at qualified immunity, the legal doctrine that shields law enforcement and government officials from lawsuits over their conduct. Developed in recent decades by the high court, the qualified immunity doctrine, as applied to police, initially asks two questions: Did police use excessive force, and if they did, should they have known that their conduct was illegal because it violated a "clearly established" prior court ruling that barred such conduct? In practice, however, lower courts have most often dismissed police misconduct lawsuits on grounds that there is no prior court decision with nearly identical facts. The Supreme Court ruled that federal anti-discrimination laws protect gay and transgender employees. Justice Neil M. Gorsuch and Chief Justice John G. Roberts Jr. joined the court’s liberals in the 6 to 3 ruling. They said Title VII of the Civil Rights Act of 1964, which prohibits discrimination “because of sex,” includes LGBTQ employees.
Alito, writing more than 100 pages in dissent for himself and Thomas, accused the court's majority of writing legislation, not law. Kavanaugh wrote separately: "We are judges, not members of Congress...Under the Constitution and laws of the United States, this court is the wrong body to change American law in that way."
Just days before the SCOTUS opinion was released, the Trump administration finalized a rule that would remove nondiscrimination protections for LGBTQ people when it comes to health care and health insurance. The SCOTUS ruling may make it easier to challenge the changes made by Trump.
The Supreme Court also declined to take up California’s “sanctuary” law, denying the Trump administration’s appeal. This means that the lower court opinion upholding one of California's sanctuary laws is valid, limiting cooperation between law enforcement and federal immigration authorities. Justices Clarence Thomas and Samuel Alito, two of the Court's conservative members, supported taking up the case. A federal appeals court appeared unlikely Friday to stop a judge from examining why the Justice Department sought to walk away from its prosecution of Michael Flynn. "I don't see why we don't observe regular order," said Judge Karen Henderson. "Why not hold this in abeyance and see what happens?" Judge Robert Wilkins told Flynn's lawyer that if Sullivan doesn't let the government drop the case, "then you can come back here on appeal."
Other
Good read: Fiona Hill on being mistaken as a secretary by Trump, her efforts to make sure he was not left alone with Putin, and what the US, UK and Russia have in common. “It’s spitting in Merkel’s face,” said Vladimir Frolov, a former Russian diplomat who’s now a foreign-policy analyst. “But it’s in our interests.”
Russia’s Foreign Ministry welcomed Trump’s plan to withdraw more than a quarter of U.S. troops from Germany.
Op-Ed: Why cutting American forces in Germany will harm this alliance
According to a new book, the Secret Service had to seek more funding to cover the cost of protecting Melania Trump while she stayed in NYC to renegotiate her prenup - taxpayers paid tens of millions of dollars to allow her to get better terms. Additionally, NYPD estimated its own costs conservatively at $125,000 a day. Georgia election 'catastrophe' in largely minority areas sparks investigation. Long lines, lack of voting machines, and shortages of primary ballots plagued voters. As of Monday night, there were still over 200,000 uncounted votes. Fox News runs digitally altered images in coverage of Seattle’s protests, Capitol Hill Autonomous Zone Fox News Mocked After Mistaking Monty Python Joke for Seattle Protest Infighting In addition to holding a rally on the day after Juneteenth (originally scheduled the day of), Trump will be accepting the GOP nomination in Jacksonville on the 60th anniversary of “Ax Handle Saturday,” a KKK attack on African Americans. Environmental news:
Ruling against environmentalists, the U.S. Supreme Court decided that the federal government has the authority to allow a proposed $7.5 billion natural gas pipeline to cross under the popular Appalachian Trail in rural Virginia.
Trump administration has issued a new rule blocking tribes from protecting their waters from projects like pipelines, dams, and coal terminals.
The EPA published a proposal in the Federal Register that critics described as an assault on minority communities coping with the public health legacy of structural racism. The rule would bar EPA from giving special consideration to individual communities that bear the brunt of environmental risks — frequently populations of color.
The Trump administration is preparing to drill off Florida’s coast, but says it will wait until after the November election to avoid any backlash from Florida state leaders.
Immigration news
U.S. Customs and Border Protection used emergency funding meant for migrant families and children to pay for dirt bikes, canine supplies, computer equipment and other enforcement related-expenditures… The money was meant to be spent on “consumables and medical care” for migrants at the border.
ACLU files lawsuit against stringent border restrictions related to coronavirus that largely bar migrants from entering the United States.
Under Trump’s leadership, U.S. Citizenship and Immigration Services has mismanaged its finances so badly that it has sought an emergency $1.2 billion infusion from taxpayers. When Trump took office, USCIS inherited a budget surplus. A large amount of funding is drained by its deliberate creation of more busy work for immigrants and their lawyers — as well as thousands of USCIS employees. These changes are designed to make it harder for people to apply for, receive or retain lawful immigration status.
Asylum-seeking migrants locked up inside an Arizona ICE detention center with one of the highest number of confirmed COVID-19 cases say they were forced to clean the facility and are 'begging' for protection from the virus
ICE plans to spend $18 million on thousands of new tasers and the training to use them
Hi all Let me preface this by saying: yes, I know gambling large sums of money you can't afford to lose is extremely irresponsible. I'm currently seeking help for this. Just seeking some guidance from you kind folks about how to proceed with Uncle Sam. Other details: 33, single, male, no kids. Owe about 25k in unsecured debt, 23k in student loans, and 40k to the IRS. I make about 80 to 100k per year, pre-tax. The range is wide because most years I'm freelancing. I owe for multiple years dating back to 2013. The gambling didn't start until 2018, but I've never been very disciplined with my finances, and because most of my income for the past 8 years has been from freelancing, I didn't have somebody automatically taking my money out for me. Despite this, and despite the pandemic, 2020 was my best year financially. I somehow managed to break 100k for the first time. Unfortunately, I have gambled almost 50k of that away, with no money set aside for taxes. All but 35k of my 100k in earnings was from self-employment income. The rest was W2 income, which had taxes removed automatically. In 2019, when I thought I had kicked the gambling habit for good, I hired a tax consulting service to help me out. They recently notified me that they were able to get me CNC status with the IRS, and talked about getting my payments to the IRS as low as 250/mo before (not sure how that's possible), but if I come up short for 2020, which it's looking like I will, I'll likely lose my CNC status. For the coming year, I plan on making at least some sort of payment when I file an extension for April, and then setting aside 40% as opposed to the usual 25% for all of my self-employment income for 2021 and putting the additional 15% specifically toward 2020 taxes through IRS Direct Pay. Final info: I have about 20k in funds currently on the way from freelance gigs I did this fall. My monthly expenses are about 3700, but cash is king and I really don't want to let go of any of this at the moment with a recession and pandemic going on. Questions:
Say I end up owing the IRS 50 to 55k after the damage from this year. Will they still work with me to set up a payment plan? I'm currently paying over $1,050 per month toward unsecured debts, but I've heard the IRS doesn't factor my unsecured debts into my ability to pay. If they assess that I can afford, say, $700+ per month based on my income, when I can really only afford $300, would I be forced to declare bankruptcy or some other drastic measures to pay the IRS what they tell me I can afford to pay?
Will the IRS garnish my wages or levy my assets for owing again for 2020? Or will they only do this if I don't file or don't contact them to set up a payment plan?
All of my compulsive gambling was done via online gambling using Bitcoin or Bitcoin Cash. I worry that my bank statements look sketchy as hell, with tens of thousands coming in, and then tens of thousands going out to various Bitcoin exchanges or individuals I bought Bitcoin from directly through PayPal (when my debit card wouldn't authorize Bitcoin purchases). Do I need to worry about the IRS thinking I did anything illegal here? I have proof that the vast majority of this money went to online casinos, and not to a relative or something to hide the money. BTC transactions leave a permanent paper trail in the blockchain, so I can show them exactly where the money went. I genuinely was stupid and gambled it away. If the IRS wants to know about my BTC gains, I have none to report, obviously.
Thanks in advance. Go easy on me, I know I was foolish, but I'm taking it one day at a time and trying to get out of this mess and move on.
Apparently people in the community are using Honey badger as the unofficial mascot of Bitcoins .
Apparently in 2010 due to a bug 184 billion BTC were produced :joy: , don't be so happy guys this error is already erased .
The maximum number of Bitcoins is not actually 21 millions but actually 20.99 something.
A smaller unit than Satoshi is in use now called msat!
Bitcoin's uptime is covered apparently 99.99% which is supposed to be an amazing thing if a centralized body achieve it .
The Disappearance of Bitcoins is actually connected with CIA when a person named Gavin actually went and complained about him. - creepy - (I don't think he would have disappeared if all he did was say good things about him)
The first Faucets actually gave 5 BTC ! 5 to each visitor ( why did I not know of this before :sob:)
It is only used 10% for the crime thing ! ONLY 10% ! (For people asking me to back it up :joy: " Illegal Activity No Longer Dominant Use of Bitcoin: DEA Agent. A special agent with the U.S. Drug Enforcement Administration (DEA) has reportedly revealed that the use of bitcoin in illegal activities has shrunk to about 10 percent from 90 percent previously.", Read about it first !)
There are around 70 forks related to Bitcoins.
Mining consumes much energy as a mid size country :sweat_smile: ( we gotta use some renewable sources soon enough )
The first transaction for Bitcoins was made for PIZZA !(first time when it was used as a Currency)
Lightning network can hold millions of transactions per second! ( Trust me that's good )
13 . Since 2017 the Bitcoins have achieved higher transactions compared to PayPal related to values .
You can gamble via Bitcoin online on a decentralized casino, EarnBet and require no KYC in the process
When you press play button on 1£ steak you win 40p and lose 60p, and you got some dopamine boost in your brain together with nice music and beautiful graphics and you got some pleasure which is fake and everything is illusion, they want you to feel like a winner and want you to feel very comfortable, one game can have up to 400 melodies to make you excited, probably you got it, they want you to become addicted, recently you saw a lot of ads online and tv and you are wondering why? First of all it’s money business and everyone takes their share, game provides, casinos and the government, at the moment they said that problem gamblers make around 15-20% of the income in the industry, so does it needs to reach 50% to do something about it? Or not? When it’s proven that gambling is highly addictive many times and makes a lot of harm people losing everything, their partners, money, friends and relationships their homes even lives they still support this harmful activity and pretending like they doing something to stop vulnerable players. You are still wondering why? The player can use self exclusion but still can open new account with another casino, when you try blocking software there is always a way to disable it, recently almost all banks introduced block to gambling transactions but guess what you still can unblock that option few hours later and play, also you can use paypal even if your bank account is empty or blocked for gambling transactions that's how people get drowned into big debts up to 150000£ in a single day. That’s because there is another team member who wants your money yes you’re right the bank. When you lose everything you will borrow money from the bank and then you pay interest, so very nice circle( the government and the bank don’t care which casino you’re playing with as long as you play) but it can be even worse there are so many illegal casinos hiding under gambling commission license for example Betfair this is multi country company but as you can see they are not allowed to operate in France,Germany, Belgium, Canada, Portugal, Turkey, Japan, China and many more, but they do in UK and if you do a little research you can see how many people got scammed by this company, one report says: Online casinos, often take advantage of the lack of supervision and inspection from law and gambling authorities and take the money of their customers with unfair games. Very recently it was reported that in RNG roulette at Betfair online casino, number 18 appeared 11 consecutive times! The actual probability of this happening is one of trillion of spins! Yet the casinos can claim that “every 11 spin sequence is equally probable with any other” so nothing wrong with hitting 11 times back to back. Another player got football bet and while his team was winning at 80 min of the game he wanted to cash out, but the option was greyed out, and 89 min the match was draw and he lost 800£. And not just this Casino but many more around the word playing with RTP (Return to Player) so they can increase their share and even can go as low a 0% RTP yes probably you don’t believe me but this is the reality. Another player reported: “I just span approx 2500 spins on the Bonanza slot on various stakes from 2-20£ spending over 5000£… In all these spins I did not get ANY bonuses at all. I played at I believe a well known casino but think there is a glitch/error with the slot so the bonus can’t land. So do you believe that actually there is a problem with the slot or something else? Probably you can guess low or non existent RTP, and you still believe that you can get some nice and real win? Another player reported at askgamblers that when she was playing her favourite slot she hit the bonus round and won 5k from free spins but suddenly as soon as she go the the home page there was nothing no wins at all, then she contacted the support and they said there nothing on their side cant see that she actually won, so do you think that there was a glitch with the slot? Also another player reported that after winning around 7k and request the money his account was blocked even he was fully verified, then the casino said that their technical team discovered that there was problem with his account on multiple locations IP address, but the player said that this was not the case that he is the only one using the account from his mobile device and nobody else, case closed in favour of the casino and he lost 7k. Nothing in this life is perfect and do not believe anything you can see or hear, there is much more behind that you as a player can’t see, another player said trough the years(5 years) I spent nearly 30k and never won more then 500£ for few times. The biggest problem is money chasing even if you say you’re not chasing actually you do that’s why you always coming back, just remember the money you lost will never come back with gambling the only way is to work hard, and avoid everything about gambling, this is the biggest evil in the world, even on basic games you play on your phone a lot of times you can see similar things how the game is asking you to pick from the 3 boxes and you always got the lowest, no matter which box you choose. Stay positive about life and enjoy being with your loved ones, spend your time and money on things that make you happy, you don’t have to struggle and stress and live on the edge because everything is in you mind.
I've noticed lots of discussion about how to scale bitcoin, and very little about why. It is my understanding that the purpose of scaling would be to enable the network to process more transactions per unit of time. It is not clear to me whether this would be wise. I invest in bitcoin like it were gold. Although I've made a small number of online purchases with BTC, I mostly trade fiat for BTC on exchanges and then send the BTC to my wallet. When I send fiat from my bank to an exchange (or to another fiat bank), it usually takes about a week before I can access the funds (or longer for large checks). When I purchase gold coins and have them shipped to me, it usually takes longer than a week (and costs a nice chunk of change). When I transfer bitcoins between wallets/institutions, it takes a few seconds to appear and perhaps a half hour to be confirmed. This is lightning speed compared to gold and fiat. I would be completely satisfied if the duration of bitcoin transactions were several times longer than they are now; bitcoin would still serve the investment function of gold very well. Since I do not trust the security of the spying devices we call smartphones, I have no interest in buying stuff or transferring money (fiat or bitcoin) using a smartphone. Do people want to scale bitcoin so it can compete with bank-issued credit cards, Paypal, and other retail payment systems? Was this Nakamoto's intention? Do bitcoin entrepreneurs think the large banks (and their political beneficiaries) will surrender their profits without a fight? When the governments of America, China, and the EU decide to help their partners in crime by shutting down bitcoin exchanges and other popular websites that facilitate the buying and selling of bitcoin (using the pretense that BTC facilitates terrorism, tax evasion, and other illegal activity), what will happen to the value of my digital gold? I used to make money playing online poker (which I declared on my taxes), using PayPal and then Neteller to easily transfer money between my bank and the gambling sites. Online gambling was opposed by the "legal" casinos in America, as well as perhaps some state-level politicians who feared that customers of online gambling sites might spend less money on state lottery tickets. The feds eliminated the ability of Americans to easily transfer fiat to gambling sites (e.g., via Neteller) and the FBI raided and closed some sites; they even arrested employees of foreign poker sites and got them to ban American customers. I believe the "too big to fail" banks are far more powerful than casinos. EDIT: I forgot to mention the other reason I have no interest in making small everyday purchases with bitcoin; it creates an accounting nightmare for Americans! Every purchase is a taxable event requiring that we calculate the cost basis of the bitcoins that were spent. If using bitcoins to pay for goods and services became widespread, we could wind up in the dangerous position of most bitcoin users (at least in America) being tax cheats.
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