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It’s not just about exchanges it’s about taxation. So long as governments can enforce taxation (e.g. income, sales, VAT). They maintain the power to restrict me
by unicornmama 4y ago
It’s not just about exchanges it’s about taxation. So long as governments can enforce taxation (e.g. income, sales, VAT). They maintain the power to restrict mediums of payment.
The world your proposing isn’t just about upending financial plumbing. It’s predicated upon uprooting government financial regulation. That would send us back to the dark ages of finance. That’s not something I support.
- livueta 4y agoSorry, completely forgot about this thread. > It’s predicated upon uprooting government financial regulation. Imo this is a positive, but that's a little besides the point - it is inevitable in the same way that encrypted communications are inevitable and don't care whether Australia decides its laws trump the laws of math. If you care about the ability to maintain taxation, etc, then riding the wave is vastly preferable to being crushed by it.