Bitcoin Forum

A little prediction...

Long term, if bitcoin users can't be taxed, governments will have no choice except to start charging absurd amounts for electricity. We have to pay for roads somehow.

Oh noes.  Anyone selling solar panels for BTC?  I just 600m^2 and some place to put them.

...or we could let businesses take care of roads for us. They need ways to get consumers and goods places somehow.

Silly statists.

Long term there won't be governments. There will still be roads if we want them.

Wait, we don't need the government to lay down asfalt?

Fascinating isn't it?  ;D

From what I understand, roads are payed for by Gasoline taxes in the US. No?

This is the beauty of bitcoin.  Instead of paying a bunch of union lackies $0.10 per kilowatt hour.   To pay things such as $200k a year to firefighters to allow a guy to drown because they don't have the certs to go in and save him.  All the btc mining will be done in Texas and deregulated or free states  where electricity is cheap.   Instead of these bastards jerkoffs going to the federal government wanting more money to cover the California high cost of living they will be out of the market looking for other fools to tax. 

This is an interesting idea on how governments could attack bitcoins, but you have to realize if governments push up the price of electricty just to punish bitcoin miners, they would be punishing everybody else in society. People would not like it, industry would become expensive, etc.. Its not viable.

Well, it's a broader idea than just possibly taxing electricicty. They could also tax bandwidth usage or "processing units" such as CPUs and GPUs. The main point is, it's gonna change how taxes are levied. I don't see that as a bad thing. I recognize that taxes serve a practical purpose.