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> What if governments disallow converting Bitcoin to real currency? Why would a govt not use points like - Taxes, Money laundering and terrorism - to prevent bi
by St_Alfonzo 9y ago
> What if governments disallow converting Bitcoin to real currency? Why would a govt not use points like - Taxes, Money laundering and terrorism - to prevent bitcoin? Or may be they allow it with some kind of significant bitcoin-conversion-tax?
A big tax for converting Bitcoin to real currency could cause that bitcoin would be used as a currency. If it's too expensive to convert my BTC, I would just use them to pay/buy things. I agree, that playing the "Money Laundering" or "Terrorism" card would be an effective option for the govt.
- not_kurt_godel 9y agoGood luck using your deflationary "currency" with ridiculous transaction fees and glacial transaction rate that isn't accepted anywhere to actually live your day-to-day life.
- St_Alfonzo 9y agoThis was meant as an utopian near future result, which of course is only possible with some optimizations to the bitcoin software. I don't believe in the current version Bitcoin.