Quote from: mu_enrico on October 13, 2018, 01:37:17 PM

My bad, bounties ruin my brain.

At least you know the culprit...

Quote from: mu_enrico on October 13, 2018, 01:37:17 PM

C'mon man, no need to explain what is blockchain to me.

When cryptocurrencies used in the everyday transaction (perhaps replacing fiat), the government will lose control of money, they couldn't force people to pay taxes. Therefore, governance would be similar to decred, smart cash, etc., with proposals (vote using smart contract).

It doesn't matter if you wanted to say DAO and not ICO the whole idea that we need something blockchain related for people to cast an electronic vote is childish. Two years before bitcoin was even born we had a whole country using a cryptographic vote in their election. So, no need for tokens, blockchains, ICO, DAO, or AOE. (in case you're wondering, AOE stands for Age of Empires)

Second, people have this weird idea that once cryptos take over governments won't be able to tax you. Seriously? Governments were able to tax you when there were no credit/debit cards, when there were no cash registers and receipts, there were able to tax you even when there was no fiat!!!!

What do you think it will change if cryptos take over?

A company will still need to employ people and pay them and have a balance sheet ready for fiscal inspectors, they will need to declare what they pay you, if they fail to do so, they are going to be in trouble and they won't risk millions for pennies.

Same for stores, they will have to declare what they have sold and they are going to pay both the VAT and the tax on profits otherwise they are going to be in trouble.
Of course, you can hide the income for 100 beers sold today, but how the hell are you going to hide the fact that you purchased and sold those 100 beers when both the beer factory and the customers will demands receipt for those?

This wet dream that suddenly the government won't be able to tax you once you deal in crypto is nothing more than a dream, and a pretty silly one from my point of view.