Anonymous coins could possibly end up as black money that will cause someone accepting the money to be imprisoned for up to 20 years (as of current USA legislation):
In theory, electronic money should provide as easy a method of transferring value without revealing identity as untracked banknotes, especially wire transfers involving anonymity-protecting numbered bank accounts. In practice, however, the record-keeping capabilities of Internet service providers and other network resource maintainers tend to frustrate that intention. While some cryptocurrencies[24] under recent development have aimed to provide for more possibilities of transaction anonymity for various reasons, the degree to which they succeedand, in consequence, the degree to which they offer benefits for money laundering effortsis controversial.
Note apparently as the law stands now, the person accepting the money has to have some knowledge or suspicion that the money might be derived from criminal activities in order to be culpable under the current law in the USA. Also, I have not been able to find the same personal level of criminal culpability in the EU laws yet in my searches. Most definitely not in Finland:
http://www.finlex.fi/en/laki/kaannokset/2008/en20080503.pdfBy taxing crypto-rubles at the capital gains rate for those that cannot provide a paper-trail of ownership, Russia and Putin are incentivizing the development of low-cost crypto-payment systems to exchange rubles for goods only in cryptocurrencies that also track ownership, like Ethereum and others that have transparent blockchain histories.
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The crypto-ruble provides the means by which to convert, transaction-cost-free, back into the national fiat currency to pay bills, taxes and the like. This is in direct opposition to how the U.S., for example, treats cryptocurrencies.
The 2014 I.R.S. rule that classified Bitcoin as property means that every Bitcoin transaction, no matter how minor, creates a potential capital gains event. It means that buying a cup of coffee at Starbucks in Bitcoin is taxable for both the person buying the coffee (capital gains on the sale) and Starbucks when they go to sell those Bitcoins, buy dollars and pay salaries, order supplies, etc.
Its why the capital that has moved into cryptocurrencies isnt moving back out. Its why the ICO market has exploded. Billions in profits actively looking for new investment opportunities without paying taxes.
Its also the main reason why Amazon, for example, doesnt take Bitcoin. Who wants that hassle?
Can you imagine Amazons Schedule D if it accepted Bitcoin?
The crypto-rubles structure dispenses with that for those that can prove ownership via the blockchain. Bitcoin allows for transaction transparency, so does Ethereum, Litecoin and many others.
The prospect of such a One-World-Currency that everyone would use on a daily basis is simply
impossible on a voluntary basis and could only be accomplished by force of
arms if that since not even Rome achieved that position. In contrast,
governments are collapsing from Marxism with its core principle that they have
the right, power, and wisdom to manipulate the economy to eliminate recessions
and control society. Such measures become authoritarian, and freedom
vanishes.
Today, this move toward a One-World-Currency is driven by taxation. The
government never considers they are the problem. Instead, they see the solution
as always had they just a tiny bit more power they would eliminate recession.
Governments have used terrorism as the excuse, and Money Laundering is now
redefined as hiding money from the government even if taxes. Today it is all
about sustaining power. We have this drive toward electronic money to control
all wealth. Thus, we will explore the complexity of this evolutionary process and
expose trends that are in motion that dictates the future.
Tie the above quote into the following:
I do not think it is possible to make distribution permissionless. Proof-of-work is competitive but the problem is that most people cant compete thus the onboarding is very narrow and the token stays mired as a speculation and HODLER coin.
What I hope is that [
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