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On the other hand, if all currency was on a blockchain it would be possible to perform block chain analysis to determine each individual’s wealth and income mak
by after_care 5y ago
On the other hand, if all currency was on a blockchain it would be possible to perform block chain analysis to determine each individual’s wealth and income making taxes much easier.
- viraptor 5y agoeach account's wealth and income On some blockchains it's easy to map the account to the user, on others it's impossible. There are solutions which are completely secret with regards to transfers, so blockchain doesn't solve the taxes. (a specific blockchain may in theory)
- sokoloff 5y agoYou’d miss the value (and often ownership percentages) of anything illiquid (real estate, privately held companies/partnerships, and trusts). That’s a significant slippage from the dystopian ideal of being able to calculate something that many think is none of your business.