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Board Beginners & Help
Re: Bitcoin for the masses
by
skippylou
on 29/05/2013, 02:57:21 UTC
Let's assume technical advances in speed and security.  BC usage would gradually expand.  At some point in this expansion of usage governments will see a clear threat to their sales taxes, income taxes and VATs.  It is not clear how but they will try to co-opt the system is their revenue stream is threatened.  They might even try to launch a competing digital cash system with the government as the trusted arbitrator.  Grin