Trigger warning-some of you may not like these ideas, downvote away. Keep in mind tho I am a BTC maxi.
However…Bitcoin is a commodity. Name one commodity that is not taxed??
Bitcoin’s ability to prevent asset seizure is one of my favorite (amongst many) qualities of this scarcest of assets. It is not however all that private, as transactions are easily viewable on the blockchain. LOL criminals would be foolish to use it for illicit activity!
So I can see using BTC in a circular economy, something that I encourage and hope takes place to promote widespread adoption. That doesn’t mean a government of any kind, EVEN A BITCOIN CITADEL, wouldn’t want to tax it. How else would you have fire and police protection? Clean water? Roads? You think that will all just be “opt in”? Such a mindset requires a lot of trust from the people in this hypothetical Citadel, and the more people that live there, the greater the chance that people will arrive to game this system.
So, Will current governments care about my 0.000001 BTC that I sent to a friend? Likely not. What if “down the road” I spend 0.5 BTC for a house? I highly doubt such a transaction would go “unnoticed”, as again, BTC itself is property.
I’m sure that over time these issues will be addressed, but, curious to hear others opinions.
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