Post
Topic
Board Economics
Re: Did Satoshi ever mention anything about the taxing of Bitcoin?
by
SquallLeonhart
on 11/08/2019, 16:50:44 UTC
Did Satoshi ever mention anything about the taxing of Bitcoin?

I doubt he did mention any about taxing Bitcoin. Satoshi is not part of any government bodies to taxation on Bitcoin is also not part of his plan.
All satoshi did was to create a tool for a particular purpose which we all know that it is for peer transaction, so if there is anything we can then make out of it, we are free. Many of us have made investment out of it and it is still working without it being stated in the whitepaper, and if bitcoin is taxable, then there is nothing wrong about government taxing it because it is against the law for anyone to evade tax.

Tax is a very compulsory thing and I believe that of satoshi is still alive he would also be paying his tax without defaulting. Bitcoin system is only going to go against third party involvement and that is why government needs to support full decentralization, if they do and then regulate it, it would be easier for them to tax easily in cryptocurrency.