@Dorky and @AgentofCoin, I add to this to our upthread discussion of why government is not stopping Bitcoin (i.e. because theyre complicit in Bitcoin):
https://bitcointalk.org/index.php?topic=2268216.msg23011897#msg23011897
To have a correct perspective on what is going on with Bitcoin, requires understanding who created Bitcoin and why they created it:
QUESTION: I concur with your findings that Govt will ultimately try to ban or regulate to tax crypto currencies. It really is all about tax. nothing else. I really dont see how it can have anything to do with terrorist funding and the need to track all transactions, considering that as far back as 1996 the Federal Reserve that about $200 billion to $250 billion of U.S. currency was abroad at the end of 1995, or more than half the roughly $375 billion then in circulation outside of banks. So how do the track this cash?
ANSWER: This means they can be used for tax avoidance and the government can use its Terrorist Card. They will not allow cryptocurrency to defeat taxes and BitCoin is not secure enough in that manner.
Martin, Bitcoin is the best tax tracking device ever created. The government will track everything on the blockchain. The DEEP STATE of the governments (and the Zionists who created it) very much want Bitcoin to succeed so as to help phase out cash which they cant track.
Bitcoin is not supposed to be secure against government tracking. I already emailed you that the Zionists created Bitcoin. Have you reviewed the
detailed evidence and arguments that Mossad did 9/11?
QUESTION: But what happens if the people just ignore the govt(s) attempt to ban crypto? What then? Is it likely, or even remotely possible that most govts would work jointly and simultaneously to ban crypto currencies? Will there always be several countries that will ignore / not join this movement to benefit from the flow of currency even if this inflow is crypto currency or not hard currency?
What will happen if the people just revolt and ignore the govs efforts to tax crypto or ban it?
ANSWER: Zcash is far better than BitCoin for to remain equally interchangeable, units of Zcash are unlinked from their history so that one unit is as good as any other unit and this makes them really fungible in the to cryptocurrency world. They have unlinked shielded coins from their history on the blockchain.
I already explained to you that the governments even if they ban together cant entirely ban cryptocurrency, because that would (analogous to the impossibility of permanently eradicating an endospore bacteria) require finding every private key and every copy of the ledger data spread out in numerous microSD cards distributed in cubbyholes all over the planet. Impossible.
Instead what governments will do is ban black money. Anyone who cant show a ledger and/or paper trail for their money, will have it confiscated if they try to bring that money into the mainstream tangible economy which the governments control. This is one of the reasons Bitcoin is so important to them and why they love Bitcoin. Governments are in love with Bitcoin and will become more and more in love with it.
Youre really missing the train, because you are misunderstanding the entire point of who created Bitcoin and why they created it. Have you reviewed the
detailed evidence and arguments that Mossad did 9/11?
Anonymous ledgers will not be a super threat to the governments, because anyone who uses them to create black money will find that their money cant be brought back into the tangible economy that the government is tracking. Although Zcash (especially the new coming STARKs which dont required a trusted setup) are
theoretically more anonymous than Moneros ring signature, the Zcash technology is currently underused because of some serious performance costs.
Remember also that the DEEP STATE which controls the worlds major governments (CIA, etc) need anonymous cryptocurrencies for their own illicit activities. Their anonymous money isnt black money because they own the regulators. So because of that, they will also allow anonymous cryptocurrencies.
Has the introduction of cryptocurrency been displacing gold as the alternative currency?
Indeed. And that is a good thing. We had discussed in great detail why gold is a barbaric relic whose time is coming to an end.
Some old guys still take Bitcoin profits into gold or silver, but the younger (and even GenX) guys realize gold is dying.
We will issue a special report on the coming One World Currency.
I already did that:
https://gist.github.com/shelby3/c192cedaed52ef11ef97acb239dc5986https://steemit.com/money/@anonymint/get-ready-for-a-world-currencybitcon transactions are not blinded and the system has built-in middlemen (transaction validators/miners). If I have a gold or silver coin on my table, I'm not required to ask anyone permission or pay anyone extortion fees in order to be able to spend or trade with it. Bitcon is the exact opposite. In order to be able to do anything with a bitcon (since transactions aren't blinded), I'm not only required to ask permission to a centralized transaction validator, but also required to pay extortion fees to them (which they can artificially raise to the moon) to do anything with it.
Taxation is a similar issue in the area of theft/extortion:
Bitcoin is not blinded because it is designed to be a tax tracking ledger. Agreed proof-of-work has some flaws.
You cant trade gold and silver for anything (with any decent liquidity) without the government regulated market makers. We
already had this detailed discussion and I am not going to repeat. You tinfoil hats will all end up being destroyed and your children with throw your shiny metal into the streets as the Bible predicts, because cryptocurrency has superior utility and liquidity.
If you dont want to pay taxes, then change your citizenship to a country which does not tax you. Refusing to pay the IRS is likely to not work out well for you.
As
I explained to Armstrong, the government cant realistically/plausibly tax the nanotransaction virtual economy. So render unto Caesar what is his, and render unto God what is his.