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Anonymously is unlikely - how would the government get their taxes?
by hahaxdxd123 6y ago
Anonymously is unlikely - how would the government get their taxes?
- xvector 6y agoEven if the government bans XMR from exchanges, BTC to XMR atomic swaps are coming. You can then 1. Use XMR as an anonymizing bridge to pseudonymous ETH or ADA wallets 2. Grow wealth with ETH or ADA smart contracts/decentralized finance 3. When you want to spend, transfer funds from your ETH/ADA wallets over the XMR bridge to newly generated spend wallets. (There's potential for a chain-analysis correlation attack at this point if you aren't careful with how you are withdrawing.) --- Really, it's all a nightmare and very difficult to do it now, but I'll be damned if someone doesn't develop an app or program that does this all seamlessly in a few years.
- cblconfederate 6y agowhat if tax is part of the smart contract?
- tyre 6y agothen it would have to know who it is taxing? The same applies. No, you cannot anonymously tax every transaction at some rate. Tax rates don't work that way, in a vacuum.
- cblconfederate 6y agowhy not. it's how sales tax works