Quote from: rocks on March 12, 2014, 06:52:37 PM

Quote from: rpietila, the Vassal of the Mighty Goat on March 12, 2014, 01:04:04 PM

Does anyone consider that there are 200+ countries in the world, and 96% of their population is not American, and about 60% of the bitcoins are not? Does it have any practical significance?

Agreed that is seems many are over estimating the US's influence.

Every country is bankrupt with $223 trillion in global debt. They all need to ramp up taxation compliance. There is a big push in the Philippines about it all over the news every day (obviously being pushed by the PTB that control the media).

Coin taint is going to be intertwinded with tax compliance, because the government will say "prove you didn't mine it and sell it to yourself numerous times?".

So you have to prove the identities of whom you bought and sold your coins.

Quote from: rocks on March 12, 2014, 06:52:37 PM

Quote from: tvbcof on March 11, 2014, 06:29:59 PM

I think you are making several mistakes:

1) Most nations are likely to follow the U.S.'s lead for a variety of reasons. Whatever methods the U.S. uses to promote taint will be followed by the aligned nations (or more offensively, our vassal states known colloquially as 'the free world') and the methods used by the non-aligned states will be probably even more draconian.

I think you are misunderstanding why most nations follow the US "lead" today, and why it is different with Bitcoin.

The simple reason why many nations follow US rules regarding money is the US if the reserve currency. As such the US can say "you (Russia) have to follow our regulations x, y & z regarding money and if you do not we will remove you from the FED depository system." Without access to the FED entire nations can not trade since the dollar is the world's reserve currency and all trade happens in US dollars.

But with Bitcoin the US has no control and mechanism to enforce its self declared rules. In fact, most nations are actively looking to get out of the thumb of the US, have you picked up a newspaper recently and seen not just Russia's maneuvers but also Chinese, Indian and many others response?

Yet you forgot a small detail. Russia and China banned Bitcoin. Roll Eyes