Bitcoin's achilles

[Lauda]

i'm not sure if it's quite obsolete. if governments have trouble taxing bitcoin, they will definitely not like it. they want their damn share. and the truth is that BTC is a good way of evading taxes.

What was it Netherlands or Finland or some country I don't remember, they had no trouble taxing it. Just because they have people with brains in their government.

[1715610153]

1715610153

[1715610153]

1715610153

[1715610153]

1715610153

[1715610153]

1715610153

[1715610153]

1715610153

[1715610153]

1715610153

[Hawker]

I think the Chinese government has proven over and over and over again that they love bitcoin.

It even looks like the USA likes it, and that says something.
The thread is obsolete.

i'm not sure if it's quite obsolete. if governments have trouble taxing bitcoin, they will definitely not like it. they want their damn share. and the truth is that BTC is a good way of evading taxes.

How?  Seriously, how does bitcoin help you avoid VAT, payroll tax, stamp duty on houses, fuel duty or whatever?

[AnonyMint]

I think the premise bitcoin will be worth 10 trillion dollars is ridiculous fantasy.

in present day terms, that would mean 1 bitcoin = $1 million.. it's so far out in the future that it's not even worth speculating over.

< 3 years at current projection of price rises and supply growth.

[Ally_Rob]

Then..... Wouldnt we be able to still mine...

 Take a lesson from silkroad.

 USE Tor Hidden Service.
 I2p.
 Freenet.
 NewsGroups.
 Etc
 
 anything preexisting could be used to allow bitcoin to operate.

But lets hope it gets 10 trillion.

If .5btc is roughly 600 bucks now.
What would .5btc worth then?

[Ally_Rob]

i'm not sure if it's quite obsolete. if governments have trouble taxing bitcoin, they will definitely not like it. they want their damn share. and the truth is that BTC is a good way of evading taxes.

What was it Netherlands or Finland or some country I don't remember, they had no trouble taxing it. Just because they have people with brains in their government.

Anyone making this as a job should just claim self employed. pay some tax.
 better to pay some tax then none at all and have to explain your life style, and possible jail time later down the road.