Post
Topic
Board Politics & Society
Re: Putting taxation in the blockchain.
by
Xester
on 11/01/2017, 12:43:24 UTC
What are your thoughts about putting taxation in the blockchain, blockchain with the characteristics we know - immutable, transparent, secure etc?

If the government will do its role to collect more taxes in the treasury and its effort will catch hackers and scammers online then it will be okay with me. Paying a small tax that will be added to the miners fee is much more better compared to losing all your bitcoins to scammers and hackers. But if taxes will be placed I do hope it will be only in small percentage since miners fee is already big.

But if the government will look for other ways I will suggest that the taxation will be placed during the conversion of bitcoin to fiat currency and not to all bitcoin transactions online.