Well,this is one of the greatest aims of the crytocurrency industry but the long run effects like loss of taxes cannot be underestimated. But let me ask largely, is our taxes really used the right way?People are using our taxes for their advantage. Making and fating themselves.We still have a lot of problems the tax payer go through yet the taxes are collected daily,weekly and monthly. What are they used for.I believe that we will be able to manage things one day without taxes.
There would be further limitations put on how we currently handle bitcoin, and businesses would be forced to suck it up and play by the rules. After all, bitcoin would no longer be new or different or lonely. It would classify as regular currency. Such action might even lead people to become nostalgic for the money they once used, whether its the euro or the yen or anything else, and many might find themselves attempting to use traditional currency in the same way theyre using Bitcoin now.