3 ms·
> it will be recognized as a currency and regulated. I'm still wondering how any government would plan to "regulate" it. In the same way a lot of contractors w
by zanny 13y ago
> it will be recognized as a currency and regulated.
I'm still wondering how any government would plan to "regulate" it. In the same way a lot of contractors want to pay by cash so they can go under the table on their annual income for tax purposes, if you don't publish a link between your bitcoin address and yourself then it would be impossible for a government to oversee your bitcoin activity until you somehow tied a transaction back to your real identity.
- oleganza 13y agoThe world black market is estimated to be 2 trillion dollars (http://en.wikipedia.org/wiki/Black_market http://en.wikipedia.org/wiki/Black_market). It will only be bigger, but governments will still be able to tax land, real estate and big companies. However, without inflation, QE and ad-hoc confiscations, no government will be able to have "budget deficit". That is, no government would be able to "borrow" money from nothing to build stuff for "free" for their electorate. Since no politician will be able to do "free" stuff without raising taxes, no one would elect any government at all. This all brutal nonsense will simply fall out.