https://bitcointalk.org/index.php?topic=1434965.0No one beats Litecoinguy!
"Governments have an edge because they can make you pay taxes in their money,"
This is the big issue that comes to mind for me when we think of bitcoin working outside government. What happens to the way we pay for utilities and like minded services or roads!
I am quite worried about this whole 'taxes and bitcoin' thing. I feel for now we are fine because bitcoin is not main economic force and rather 'virtual money' geeky nerds and hipsters use.
But as bitcoin acceptance will grow government will realize that there is money they are missing by not taxing bitcoin transactions. They can't really do that - so I suspect they either:
- Tax every cryptocurrency satellite service.
or
- Try to discredit/ban bitcoin and convince people that bitcoin is only good if you are hiding something.