Anonymous transaction will never be implemented by merchants because they cannot prove said transactions thus cannot be taxable.
Period.
People need to understand that anon coins are just useless for real world merchants, they can only work on the darknet
Period.
People need to understand that anon coins are just useless for real world merchants, they can only work on the darknet
I don't understand this statement. It's like saying I have been paid (received currency on my address), but I don't know where it came from so it is not taxable.
It's comparable to being paid in cash for goods and not knowing the identity of the person that paid with cash. I don't see the problem.
Yes, I lol'd.
rovertdivaio: I think it is smart to understand how money works before you start trading currencies.
LOL, I trade currencies for a profession, you buy & sell 0.1 btc of alts & believe ur a trader
No, because when you pay with cash you (person) get a receipt, as it is with paypal and visa, with anon electronic transactions you don't.
I lol'd some more.
1. How is it relevant how much I trade with?
But no, I don't do 0.1 trades. 2. Anon transactions covers the tracks of the transaction (like cash):
If a merchant wishes to issue a reciept this is possible with anon transaction & cash.
If a merchant wishes NOT to issue a reciept this is possible with anon transaction & cash.
But isn't that the problem? Companies especially large companies like Fortune 500 wants and requires accountability otherwise employees can easily steal money and you can't track it and you can't perform proper audits as required. Anon is cool for laundering but for business, it's going to get abused by employees and the business will be scrutinized by the fed. For example, look at darknet, it was cool for anon but now the fed is all over in it for the very same reason.