Post
Topic
Board Bitcoin Discussion
Re: What if authorities launch a tax for owning bitcoin?
by
btc78
on 18/01/2024, 10:27:06 UTC
It's just YouTube, but today I ran across a video that mentioned a bitcoin HODL tax.

In order to stop bitcoin, authorities would have to shut down the internet which is impossible.


Let me just expound on why this could never happen

Authorities also NEED the internet a lot of their systems would come into a halt if they were to stop the internet from running especially if they are planning on doing it forever most of our society depends now on the internet too much for the government to think that they could possibly remove it from our livelihoods

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So I predict that their next move is to launch enormous taxes to discourage people from owning bitcoin

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by treating the owner of 1 BTC like a drug dealer (prison sentence).

It has already been established that one of Bitcoin’s main features is its decentralization and in the past years it has proven itself true
Yes, they could link an address to another but they would always encounter a dead-end because they would not know who really owns those addresses