> Of course governments and tax authorities are one such traditional player, so they will be disintermediated. The government calls it "tax evasion", while the

> Of course governments and tax authorities are one such traditional player, so they will be disintermediated. The government calls it "tax evasion", while the crypto world calls it a feature. There's an old quote along the lines of "One often meets his destiny on the road he takes to avoid it". First said, probably, by Jean de La Fontaine in the 17th century, but probably more widely known from its use by Master Oogway in "Kung Fu Panda". It is not hard to think of ways that governments could stop much crypto tax evasion, at the cost of a general lowering of financial privacy. The crypto world might think that people would not put up with that, but most people already willingly give up much financial privacy for the convenience of credit and debit cards. For most people its not all that big a leap from the amount of privacy they have given up to their bank for a credit card and the amount of privacy they'd have to give up to allow tax evaders to be stopped, and if their taxes are higher because of too much crypto tax evasion they will have no problem making that leap.