Post
Topic
Board Economics
Re: Did Satoshi ever mention anything about the taxing of Bitcoin?
by
timerland
on 08/08/2019, 12:25:16 UTC

Wow, that is almost over my head.  It sounds like those two quotes are saying that Bitcoin was designed to be free from taxes. That is what I always thought myself, but now the big concern we have to contend with is that the IRS is jumping in front of Bitcoiners and saying they want a piece of the action.  It's not surprising, but still.

Bitcoiners will need to join together and take a stand together against the Tax Man?  Essentially in the future people all around the world will decide they do not want to be taxed on their Bitcoin. A global currency. An uprising against the Tax Man is very possible, and probable.
Yes and no, from my knowledge. I don't think BTC was invented to circumvent taxes, instead, it was a coin that was made to bring power to the people, and give them faster and more transparent transactions. Keep in mind, comparing BTC to wire transfer transactions is a hell of a lot faster, and that was one of the main issues that BTC was built to solve.

I don't think we'll get out of paying taxes any day soon. Taxes are always gonna be following us around.

Did Satoshi ever mention anything about the taxing of Bitcoin?

Transaction fees are the tax you have to pay so your transaction happens. He told a lot about fees, just search for it.
No, I don't think that it at all, taxes often take up 20-40 percent of your income, while TX fees are a couple of cents, and basically nothing. I wouldn't look at TX fees in this way at all!