Seriously, what are governments going to do about large crypto holders hiding funds to avoid taxes? Usually they just put a freeze on the accounts the funds are stored in, but.... can't do that here folks. Other than take assets (house, cars) I don't know how they can prove who's coins are who's to even determine if they owe a certain amount of taxes in the first place. Man no wonder the guv hates crypto.
I think this seriously overstates the matter. 99.9999% of the population is way too stupid and lazy to use crypto. The few that aren't, they're gullible and taken in by the FUD of "backingz and central issuerz" crap. A handful left over, the 5 guys that post in this thread... Even if the guv came after every crypto holder, even if they COULD come after every crypto holder, their losses in expended resources would far, far eclipse an possible gains they could make of it. They have bigger and easier targets dealing in the already-existing cash... Look how I mouth off on here. I'm not stupid... I just know it's hopeless. They may well come-a-knockin'. Prove it, fuckwads! Maybe I'm just a loudmouth troll with not a DRK to my name... Nobody really knows, and they never will.
The War on Drugs is an enormous failure. I can't imagine a way for govenrment to prove itself more impotent and incompetent.
Oh, except for a war on crypto... That would be just plain fucking hilarious to watch... Almost as hilarious as their war on the darknet... Government would prove itself utterly fucking useless, even in the eyes of it's staunchest worshipers. There would be no way to hide the emperor behind the curtain with no clothes, and it would be all their own arrogant, stupid doing.