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Relying on taxes instead of Proof of Work kind of goes against core premise of Bitcoin: not relying on centralized authority. To make sure that all miners pay t
by Detrytus 3y ago
Relying on taxes instead of Proof of Work kind of goes against core premise of Bitcoin: not relying on centralized authority. To make sure that all miners pay taxes you need tax office to collect them. And of course some criminal miners would find a way to avoid those taxes, making it 90% cheaper for them to mount 51% attack.