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"I think the goals of this project are to create a better currency, create a more competitive and efficient international payment system, and give people more d
by danek 15y ago
"I think the goals of this project are to create a better currency, create a more competitive and efficient international payment system, and give people more direct control over their finances. And I don't think any of those goals are incompatible with the goals of government."
Aren't these goals are completely at odds with the goals of the government, or do I read too much Chomsky?
- sitkack 15y agoI don't think the government would deny either.
- bitwize 15y agoIf the government doesn't have a backdoor in allowing them to track and/or tax every transaction, you bet your ass it's incompatible with the goals of government!
- wladimir 15y agoWith bitcoin, they do. No backdoor, but the entire transaction log is public. It's even easier for the tax man because they don't have to query data from banks. Bitcoin is not a tax avoidance scheme and never meant to be. The sooner they come up with a legal way to tax bitcoins, the better it is for business adoption, I guess...
- SkyMarshal 15y agoMore like, it's completely at odds with the BIS and their private reserve bank international monetary system. If bitcoin manages to disrupt that, hoo boy will we be living interesting times then.