3 ms·

This was always one of 3 possible outcomes to bitcoin and cryptocurrencies in general. 1) Market collapse 2) Complete market shutdown by government action

This was always one of 3 possible outcomes to bitcoin and cryptocurrencies in general. 1) Market collapse 2) Complete market shutdown by government action 3) De Facto Legitimization by being taxed and/or regulated in some fashion. I'm happy to pay taxes and help fund this country. I'm happy to have a way to route around things like Visa and Mastercard, and most borders.

Test0129 4y ago
> I'm happy to pay taxes and help fund this country. Whatever you do, don't look at how your tax dollars are actually allocated. I'm afraid you may be very disappointed.
- mikewarot 4y ago
  Our government is flawed, sometimes it seems hopelessly so, but any replacement is bound to be worse.
- SpikeDad 4y ago
  It's used for good and evil. Like everything else. I support organizations that are transparent and try to hold government agencies up to the light. Name anything that collects money and you'll find behaviors you don't like.
RspecMAuthortah 4y ago
A genuinely curious question to taxpayers who think they are funding the country: With 33T debts and deficit spending being the norm, why should I pay taxes? How much of what we pay as taxes actually go to fund "the country"? Part of me still wants to believe I as a responsible citizen should feel good that I pay my taxes but it increasingly feels to me a very small part of what we pay as taxes actually go to things that matter and ultimately deficit spending will be the only way by the time I would be entitled to enjoy some of the social security benefits to fund them. I live in a state that does not have income taxes.
- sowbug 4y ago
  The question is similar to why we vote. Individually, my vote is meaningless. Collectively, our votes move the needle. Things rarely turn out exactly the way any individual wants, but that's the nature of any collective action -- taxes, voting, picking a restaurant to eat at, etc.
  - macinjosh 4y ago
    Voting is a choice and is free. Taxes are neither. I hardly see how the two are similar.
    - kelseyfrog 4y ago
      Living in any state with a monopoly on violence isnt free. What's your point?
  - Test0129 4y ago
    If this was true we could survey the United States and approximately match the tax allocations. Medicare is not a well-liked system by almost anyone on it. Gen X, Millennials, and now Zoomers see no purpose in social security (they most likely won't get it). Military tax consumption is insane. The federal law enforcement agencies take quite a bit too. I'd imagine when surveyed Americans would generally be negative on most, if not all, of these. Yet, for some reason they allocate to these things. Is this the "collective action" you are supposing exists? Because it sure sounds like theft-by-fiat to me.
    - deepsquirrelnet 4y ago
      I don’t “like” any of the half dozen insurances I pay for, but I still pay for them. What do you call that?
- lotsofpulp 4y ago
  > How much of what we pay as taxes actually go to fund "the country"? https://www.thebalancemoney.com/u-s-federal-budget-breakdown-3305789 https://www.thebalancemoney.com/u-s-federal-budget-breakdown... > I live in a state that does not have income taxes. Why is this relevant?
daniel-cussen 4y ago
Yeah myself as well, I want number 3. And it won't always be tracked...or will it? Cat and mouse. Honor system, a little bit.

Test0129 4y ago

> I'm happy to pay taxes and help fund this country. Whatever you do, don't look at how your tax dollars are actually allocated. I'm afraid you may be very disappointed.

mikewarot 4y ago
Our government is flawed, sometimes it seems hopelessly so, but any replacement is bound to be worse.
SpikeDad 4y ago
It's used for good and evil. Like everything else. I support organizations that are transparent and try to hold government agencies up to the light. Name anything that collects money and you'll find behaviors you don't like.

RspecMAuthortah 4y ago

A genuinely curious question to taxpayers who think they are funding the country: With 33T debts and deficit spending being the norm, why should I pay taxes? How much of what we pay as taxes actually go to fund "the country"? Part of me still wants to believe I as a responsible citizen should feel good that I pay my taxes but it increasingly feels to me a very small part of what we pay as taxes actually go to things that matter and ultimately deficit spending will be the only way by the time I would be entitled to enjoy some of the social security benefits to fund them. I live in a state that does not have income taxes.

sowbug 4y ago
The question is similar to why we vote. Individually, my vote is meaningless. Collectively, our votes move the needle. Things rarely turn out exactly the way any individual wants, but that's the nature of any collective action -- taxes, voting, picking a restaurant to eat at, etc.
- macinjosh 4y ago
  Voting is a choice and is free. Taxes are neither. I hardly see how the two are similar.
  - kelseyfrog 4y ago
    Living in any state with a monopoly on violence isnt free. What's your point?
- Test0129 4y ago
  If this was true we could survey the United States and approximately match the tax allocations. Medicare is not a well-liked system by almost anyone on it. Gen X, Millennials, and now Zoomers see no purpose in social security (they most likely won't get it). Military tax consumption is insane. The federal law enforcement agencies take quite a bit too. I'd imagine when surveyed Americans would generally be negative on most, if not all, of these. Yet, for some reason they allocate to these things. Is this the "collective action" you are supposing exists? Because it sure sounds like theft-by-fiat to me.
  - deepsquirrelnet 4y ago
    I don’t “like” any of the half dozen insurances I pay for, but I still pay for them. What do you call that?
lotsofpulp 4y ago
> How much of what we pay as taxes actually go to fund "the country"? https://www.thebalancemoney.com/u-s-federal-budget-breakdown-3305789 https://www.thebalancemoney.com/u-s-federal-budget-breakdown... > I live in a state that does not have income taxes. Why is this relevant?

daniel-cussen 4y ago

Yeah myself as well, I want number 3. And it won't always be tracked...or will it? Cat and mouse. Honor system, a little bit.