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Crypto scales a lot better than cash, and allows for considerably larger amounts of fraud, and not just locally, but also internationally. I also think that bu
by ryan_lane 3y ago
Crypto scales a lot better than cash, and allows for considerably larger amounts of fraud, and not just locally, but also internationally.
I also think that businesses avoiding tax by not reporting cash are putting themselves into an unfair position against businesses that are legally operating, and I'd have a preference that businesses doing this should be shut down. If you're running a thin margin business and your competitor is able to price themselves better by committing tax fraud, then you need to also commit tax fraud to compete, and that's a race to the bottom that's not good for anyone.