Re: Max Keiser - "Libertarians are Intellectually Lazy & Idiots"
Hogwash. It's easier to "prove how much you've got" with BTC then it is with paper fiat.
Really? My primary address is in my signature. This is the one that I have used to receive all my mining gains, any pay from projects, etc. How many Bitcoins do I have, all told?
Total Received 24.27672903 BTC ?
At least it's a start. How much USD are in my safe at the moment?
Ah, good point. I don't pretend to know. But can you carry those bills over the border in your brain?
And while you have determined how much BTC I've passed through that wallet address, You still have no idea how much I have now. In fact, maybe I lied when I told 420 he was wrong, and I am actually Bitcoin broke. Can you tell? Can you even tell where those coins all went?
No I don't know, and yes you could do a pretty good job of hiding them and carrying them across the border as you point out.
If I were a uniformed gang member so inclined I could try to figure it out in the usual way: ask you, threaten you, and if I don't like your answer: take your stuff and lock you up. Say that's a nice watch you have there...
And +1 to FirstAscent, bitcoin won't stop taxes.
In fact, general adoption could make collecting taxes -more- common, as coins will remove the ability for governments to issue currency to finance operations. Unless they start new pre-mined chains
