Post
Topic
Board Bitcoin Discussion
Re: Can cryptocurrency make real money disappear?
by
buwaytress
on 19/11/2017, 19:17:04 UTC
Hello!   Smiley

Personally, I believe in such a promising future, but generally it's very early to think about it, it's unlikely we'll see this.
But here about taxes..The fact is that the states in which the able-bodied citizens live, do not like it when these citizens start to move away from taxes using offshore zones. States are beginning to exert pressure on offshore, which is increasing every year. For this reason, offshore companies may lose their attractiveness for large and medium-sized businesses. Professor of law Omri Marian from the University of California at Irvine believes that the replacement of offshore can become the Bitcoin crypto currency. In his view, the crypto currency can be called a "super-safe from taxes."

Well, this Professor doesn't seem to be very clued in on what Bitcoin is or how it works. Firstly, if you wanted to hide all your current fiat and assets into Bitcoin, you'd still have to buy the coins. There's that immutable, permanent, public trail you leave behind. If you only had a plan to earn strictly in Bitcoin, or mine them, then fine. Problem solved right? Except, wait, when you want to cash out to fiat. Another trail that leads to you.

You can mix, churn, anonymise all you want, but if someone wanted badly enough to find you, it's not impossible.

Besides, tax is a social obligation I believe we all should fulfil.