Quote from: Xester on January 11, 2017, 12:43:24 PM

Quote from: n4poleon on January 11, 2017, 05:18:33 AM

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.

I'm NOT suggesting any additional tax on top of fees. I'm just saying what if the government use a blockchain maybe bitcoin or similar to bitcoin to grant its people full transparency of their tax money. Like people can verify their tax payments on a block explorer and where it is heading to.