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Bitcoin does not solve 2, 3, 4, or 5! You have a job, so you get wages. These wages are sent to a bitcoin address. Now your employer can track every transactio
by annabellish 9y ago
Bitcoin does not solve 2, 3, 4, or 5!
You have a job, so you get wages. These wages are sent to a bitcoin address. Now your employer can track every transaction you make. There's no reason why this would not also have to be reported for tax reasons, so your government can also track every transaction you make. You buy something, now that company can have a decent chance of tracking your spending too!
There are ways around these issues, but nothing _straightforward_ or scalable. Not everyone can or will use a tumbler for all their wages.
- marcosdumay 9y agoIt does not solve 1 either. It just changes the action from coercively taking some papers to coercively taking a password/token.