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If I have a bitcoin in a wallet publicly known as “mine” it still would not count as a valid proof that someone can tax me on it. (I'm not American, it's a tho
by akater 13y ago
If I have a bitcoin in a wallet publicly known as “mine” it still would not count as a valid proof that someone can tax me on it.
(I'm not American, it's a thought experiment.)
How does one prove the ownership of the wallet? If they just assume it's mine because I once claimed so in public, would they also protect me from btc-related theft, fraud and whatever else property related crimes, either on gederal or state level, just because I claimed the crime had taken place? And if no, what rights exactly do they claim to protect in exchange for taxes collected from this ephemeral “property”?
This is ridiculous. Governments hate the fact that people can finally challenge government monopoly on money, and are afraid of losing control, as well as means to get rich at expense of other citizens. [1] I hope people will be reasonable and don't pay any taxes, at least because they gain nothing in return.
Again, a proper human rights campaign, with lawyers and cryptocurrency experts working together, and a good targeted media coverage, could end all this until it's too late. If we don't fight for our rights in today's rapidly changing world we shall lose everything. All the great technologies will effectively work against us.
[1] http://www.fee.org/the_freeman/detail/the-austrian-influences-on-bitcoin http://www.fee.org/the_freeman/detail/the-austrian-influence...
- genwin 13y agoIt's an honor system, the same as for other non-tracked property. You sell bitcoin, you pay capital gains taxes to pay for gov't infrastructure and services provided to you (the things they give in exchange for taxes). You get robbed of your bitcoin, if the gov't has no reason to suspect otherwise they trust you when you claim a capital loss to pay less tax.