Quote from: cascano on December 16, 2017, 11:21:50 AM

Governments will always find a way for you to pay taxes. The blockchain is such a disruptive technology that they can't regulate. Therefore they will want taxes wherever they can get.

How can they not regulate it? It's a giant public ledger so they can easily see what's going on. Cash is much harder to tax because it doesn't have a a history of every transaction made cash in hand.

Quote from: Maheshkumar_Hrangkhawl on December 16, 2017, 06:11:15 PM

Why should we pay taxes on our profits from BTC? The government will never compensate us if we ever face any losses in crypto-trading.

The government isn't there to compensate you on whatever you gamble on. People pay taxes to contribute to society and the country they live in. IF you don't like it I suggest you move to a country that has no taxes or very little of them. However, don't be surprised when your government starts looking into everyone who trades bitcoin and when they IRS comes knocking at your door you'll probably regret your attitude.