Quote from: sbrys on July 13, 2022, 07:30:03 AM

Something that always strikes me is that people underestimate the impact of a decentralized world. Especially more vulnerable people that depend on society for ‘survival’.

I get a lot of power to the people vibes while I’m not sure that a lot of people are ready for this.

How I’m experiencing things today (Simplified) :

- I pay more than 50% taxes —> I have no choice
- unemployment is supported by basic income

Basically I’m forced to share some wealth to keep society running

Imagine now a decentralized society :

- my connection with an employer will be direct and I will pay no taxes —> I have a choice
- No support for unemployment. Maybe this will stimulate more people to work but will also create some issues

Basically stronger people will become stronger and people suffering will suffer more.

Im sure Im cutting some corners here but the principle stays afloat. Won’t Bitcoin create more disbalance while a lot of people are claiming the opposite.

If we were to have a Decentralized society, I don't think that would be a good intention or system in every country to do this thing just to avoid paying taxes. Because if there is no tax to be levied by the government of each country, it is likely that such a country will fall further into poverty and its economy will also collapse. Then the saying is true that the rich get richer and the poor get poorer.

Quote from: barbara44 on July 14, 2022, 03:50:48 PM

It did happen already because cryptos are finally there but I think cryptos are not invented for this (to dodge the tax system) but there might be other reasons. Many people especially those who want to avoid tax and as well as those criminals who want to launder money are now being involved in cryptos. Not to be selfish but sometimes it's good to not pay tax than the tax will just go on the wrong hands because in our modern world today, corruption are now very rampant.

That's correct, cryptocurrency is not design for that matter, isntead it was design to help the community and also the economy
of each government of the country that will adopt the system of the cryptocurrency, besides, not all crypto's also are unregulated,
instead, there are some regulated too that exist in this business industry.