Post
Topic
Board Economics
Re: tax for a safer crypto environment
by
1Referee
on 06/05/2018, 13:20:01 UTC
The true purpose of cryptocurrencies is libertarianism and disintermediation.  Big centralized government is the opposite of this.

It's not necessarily against crypto, where on the other hand, it's even impossible for governments to stay out with how crypto is growing larger and larger.

I am all in favor of more decentralization, but we can't force anyone to join in on that when they don't mind using centralized environments and have the government 'watch' every possible activity in this market. Important to understand is that we have the option to use something that isn't subject to regulations if we don't want to, and that's what we should be focusing on; what others are doing is none of our business.

Another important factor is that with how the market is maturing more and more, the investors entering the market are likely institutions, hedge funds, wealthy traditional investors, etc. These entities have all been part of the traditional market under the supervision of their government and regulators, and thus they fall outside the decentralized boat; governments and regulators for them offer security and stability. We'll be dealing with a different group of investors in the forthcoming years.