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> Since it’s tax time I can’t help but feel that the true long term danger to block chain technology isn’t draconian government regulation, it’s the IRS. Sorry
by sethgecko 9y ago
> Since it’s tax time I can’t help but feel that the true long term danger to block chain technology isn’t draconian government regulation, it’s the IRS.
Sorry but no, one country's tax authority is not a long term danger to block chain.
- arcticfox 9y agoThe tax authority behind the world's reserve currency? I don't think they'll do anything or even need to, but if they wanted to, they absolutely could.
- hesdeadjim 9y agoUnfortunately this one country is a leader in tech and has millions of people with the disposable income to actually use the block chain. I am not myopically focused on the US, but to say that it won’t hurt block chain adoption is willful ignorance.
- bennyg 9y agoMight hurt blockchain adoption in the US, but there is much more than BTC out there. There are specific chains that many Asian companies are adopting for use that will proliferate and generally stay out of American news. There's a lot happening in the crypto space beyond BTC/ETH/LTC. Adoption may still not take off, but it won't be because of the IRS.