Quote from: virasisog on Today at 04:50:08 PM

Quote from: _BlackStar on July 15, 2022, 04:53:05 PM

Yes, bitcoin has given users the freedom to manage their finances independently. It is like a bank in our hands and every bitcoin user who has complete control over his wallet is the owner of that bank. Our Bitcoin is our rule, and it's the opposite of the fiat system.

We can't force the government to agree to everything we want about bitcoin, that's impossible because bitcoin is basically not a currency that governments really expect to be better than fiat. Decentralization and centralization will never be the same, they will continue to be opposites. But bitcoin has offered us a better option as a means of payment.

The sad thing is, that the government will continue to tax us no matter where we keep our assets or where we use Bitcoin as a currency. Taxing is everywhere and is present in every purchase that we do because we all know that businesses that sell our daily necessities don't accept Bitcoin is still regulated by the government. If there will be more establishments and businesses that will accept Bitcoin, I think we can quite feel the financial freedom that we want.

Government taxation is necessary to any country as it is where the government of any country gets it's fund to run it's nation. Unfortunately, crypto taxation is quite confusing especially for investors as you cannot tax something that is a potential profit. This is why crypto regulations has been set to better managed each and everyone's crypto assets.

Also, even if businesses and establishments with accept bitcoin as a payment method, it will still require to be taxed since it will be included on their tax filing. But still, having an option to pay thru bitcoin and other crypto, it will be a good thing as massive adoption will be much more achieved.