Post
Topic
Board Bitcoin Discussion
Re: On merchants not willing to accept crypto
by
deisik
on 27/01/2019, 21:17:21 UTC
-snip- On the other hand, any law reflects the social fabric objectively...
This would be my exact issue here. I have a first hand experience with unreal expectations from my irs.
Last year they wanted us to submit taxes for every transaction crypto -> crypto. Somebody completely detached from reality interpreted the law and requested the impossible. There was a little storm in the community, irs gave up this crazy idea.
However few subjects, like the biggest crypto-exchange had to run away of borders, because taxes would eat them whole up.
As you can see, law matters a lot

Yes, just as I said earlier, laws carved in stone are rewritten in blood

And it should be taken literally. If some law is kinda set in stone, i.e. it is assumed to be something sacrosanct and inviolate, no matter what, it will get rewritten in blood sooner or later. Events leading to this are called a revolutionary situation when "the rulers are unable and the ruled ones are unwilling", according to Lenin. I don't think it is particularly different with money as we have an example of Zimbabwe where the population completely abandoned the local currency after the government devalued it. And no law could change this outcome