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I've been a bitcoin supporter. But there is a twinge in me that remembers government, properly set up, can often protect the weak from the strong. Extremely wea
by rd108 14y ago
I've been a bitcoin supporter. But there is a twinge in me that remembers government, properly set up, can often protect the weak from the strong. Extremely wealthy corporations and individuals moving around anonymous money would make it impossible to tax and impossible to know where political contributions were coming from. I don't know the answer-- I flip flop back and forth between total openness for everyone and total secrecy for everyone.
- hazov 14y agoOn the contrary I believe, suppose bitcoin explodes national fiat currency as I saw a couple of guys wishing, once governments put some regulation, double booking accountting for companies who will have no incentive to avoid taxes and pay a lot later and the fact you can trace all transaction would kill any anonymity unless it remain a currency for black markets.
- Evbn 14y agoLucky for you that bit coin is 100% non-anonymous, and every transaction is published to every entity in the economy.