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> Part of the value is in their utility as an anonymous currency: try taxing the guy that's paid in Bitcoins. Easy - I collect taxes at the point where physica

• cube13 15y ago
  >Easy - I collect taxes at the point where physical goods are exchanged for bitcoins or are used to deliver products. Or just collect the taxes at the point where it's converted from BTC to a real, government-backed currency. It's simpler, because there needs to be a paper trail there.
• mcantelon 15y ago
  >Easy - I collect taxes at the point where physical goods are exchanged for bitcoins or are used to deliver products. The state does this, but people already get around this by conducting cash transactions. Bitcoin creates another option for this.
  • anamax 15y ago
    > The state does this, but people already get around this by conducting cash transactions. Bitcoin creates another option for this. Govts tolerate a certain amount of black market because it costs too much to reduce the black market to 0. However, that toleration goes away when govts are seriously hurting for revenue.