Post
Topic
Board Politics & Society
Re: Putting taxation in the blockchain.
by
audaciousbeing
on 21/03/2017, 17:14:07 UTC
What are your thoughts about putting taxation in the blockchain, blockchain with the characteristics we know - immutable, transparent, secure etc?

Edit: perhaps I wasn't very clear, I wasn't pertaining an added tax on top of blockchain transactions. But writing the tax data into the blockchain. Imagine, you'll be able to monitor your income tax through a block explorer and to where it is heading. Or be able to vote on which project your contribution will be spent? And so on.

I am sure this is something the government will be happy to see being implemented and its something I know that if they have been able to get the way around, they would have adopted bitcoin bitcoin because not only will they use it for that purpose but also means users can be tracked. And I am sure this is one of the fundamental principle of bitcoin which is anonymity the moment they can do this, I see alot of people abandoning bitcoin to something else that will make them remain anonymous.