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> If you are living in the US or EU then being able to hide assets and transfer without censorship is mostly a bug If you completely ignore how big corporation
by Erlich_Bachman 6y ago
> If you are living in the US or EU then being able to hide assets and transfer without censorship is mostly a bug
If you completely ignore how big corporations and ultrarich are able to hide their assets behind shell corporations and various other structures, then yes maybe your vision is correct. But that it not what happens in reality.
In reality right now the rich can hide whatever they can, and the poor have no recourse against frivolous seizures, lawsuits etc. What crypto does is levels the playing field.
- iamben 6y agoBut then surely - if you take the position that generally some kind of government and law is a good thing, and generally they're not out to hurt the everyman - the idea that anyone should be hiding anything (away from taxes) is destructive to the detriment of the things that hold society together (laws, roads, having the rubbish collected, etc?)?
- Erlich_Bachman 6y agoYes there are useful things that the government does. But I believe there are ways to tax for things which are more fair than what is being used today, and crypto is not a detriment to that. (Roads and rubbish can easily by taxed by usage, from the people who clearly use those services, but there are other central commons that should be taxed on state or federal level.)