Post
Topic
Board Economics
Re: Bitcoin and Fiat - this is how I see the future
by
pey
on 10/06/2018, 16:51:47 UTC
When you sell your car to someone, there will be a transfer of ownership to you and this will leave a paper trail for the IRS or whatever tax authority. When they audit you or if someone else report you to the tax authorities, you will have to explain your wealth to them and what you used to pay for that.

Governments and tax authorities have full control, no matter what you think.  Roll Eyes

I agree even if you use bitcoin or any other cryptocurrency, it becomes complex when you sell or buy goods, they have full control and also in that case how they will make moneY?