The Coming Global Wealth Tax

[Rassah]

Even if bitcoin is not anonymous, people can still refuse to give out passwords, or send to unspendable accounts in protest. Confiscatable form of wealth will be dwindling fast.

And then they can put you in jail until you pay.

USD protester - Freeze your account, take your money, keep you poor and in jail. Despite spending lots of money to keep you in jail, they still get your money, so come out on top.
BTC protester - with your money, keep you in jail, you still have money to pay lawyers and buy off politicians. They spend money to keep you in jail, but get nothing in return. Long term, they'll just be losing money and pissing people off.

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[AnonyMint]

Even if bitcoin is not anonymous, people can still refuse to give out passwords, or send to unspendable accounts in protest. Confiscatable form of wealth will be dwindling fast.

And then they can put you in jail until you pay.

USD protester - Freeze your account, take your money, keep you poor and in jail. Despite spending lots of money to keep you in jail, they still get your money, so come out on top.
BTC protester - with your money, keep you in jail, you still have money to pay lawyers and buy off politicians. They spend money to keep you in jail, but get nothing in return. Long term, they'll just be losing money and pissing people off.

They waterboard you (or put you in "the hole" in maximum security prison like they did to Martin Armstrong) until you give up your passwords.

And they make it clear that anyone that receives your coins in payment is going to receive the same treatment, thus your coins become unspendable.

Without anonymity, you have nothing.

[Rassah]

They waterboard you (or put you in "the hole" in maximum security prison like they did to Martin Armstrong) until you give up your passwords.

You know that as long as they don't have your password, you still have your money, so they will just continue to waste their time and money on you, and it will be waiting they're for you or your family when you get out. Or you program your money to be on a dead man's switch, with a delayed transaction that sends it to a trusted friend or family member if you don't create a new transaction, this voiding the old one, every month. Or you bite off your tongue, choke on your own blood, and no one gets anything.

And they make it clear that anyone that receives your coins in payment is going to receive the same treatment, thus your coins become unspendable.

Or whoever receives it sends it through a bitcoin mixer or CoinJoin, and the coins they end up with are no longer linked to be, and are spread among a dozen or more other random unknown people.

Without anonymity, you have nothing.

It's a good thing bitcoin has it then. You just have to work a little to get it.

[Bitcoin Oz]

The worst thing we have where I live is corporate welfare. The mining barons dig the resources out of the ground and pay very little tax. The richest woman in the world Gina Rhinehardt last year received 4 billion dollars in welfare. This is the real welfare problem not paying people a living wage so they can feed their families.

[giantdragon]

And then they can put you in jail until you pay.

To apply key disclosure laws they have to prove that you really have private keys. Some encryption tools (e.g. TrueCrypt) can create hidden partitions which existence is impossible to prove.

[EvilPanda]

Yeah, they will put all of us in jail. Kick out all the murderers and rapists to make room for people defending their money. This would mean protests like the ones in Ukraine right now.
My question is: let's assume only 10% of the population uses BTC and refuses to pay wealth tax what do you do with them? Lock them up and torture? 10% is a significant number of people, enough to make their own party or destablize a country's economy.

[giantdragon]

10% is a significant number of people, enough to make their own party or destablize a country's economy.

In Russia in 1917 only ~2% of population were enough to overthrown the monarchy.

[EvilPanda]

10% is a significant number of people, enough to make their own party or destablize a country's economy.

In Russia in 1917 only ~2% of population were enough to overthrown the monarchy.

Right now probably 40% are against Putin and can't do much about it.

[giantdragon]

Right now probably 40% are against Putin and can't do much about it.

They are not so desperate yet to risk their lives. Don't forget about the perks Putin gives to some part of population (military, police, useless bureaucracy) to buy their loyalty.

[Rassah]

Right now probably 40% are against Putin and can't do much about it.

They are not so desperate yet to risk their lives. Don't forget about the perks Putin gives to some part of population (military, police, useless bureaucracy) to buy their loyalty.

Don't forget that the 10% with BTC will be the ones with enough money to give anonymous perks to the politicians that run this place.

[AnonyMint]

Right now probably 40% are against Putin and can't do much about it.

They are not so desperate yet to risk their lives. Don't forget about the perks Putin gives to some part of population (military, police, useless bureaucracy) to buy their loyalty.

Don't forget that the 10% with BTC will be the ones with enough money to give anonymous perks to the politicians that run this place.

With true anonymity (Bitcoin doesn't and can't have it, see below), then the politicians can hide their ill-gotten wealth too. So then they will not be afraid to rob the government blind, and government will collapse rapidly.

That is the perfect outcome, because I've shown mathematically that all prosperity is due to technological innovation (i.e. productivity increases) and small government getting out of the way.

And they make it clear that anyone that receives your coins in payment is going to receive the same treatment, thus your coins become unspendable.

Or whoever receives it sends it through a bitcoin mixer or CoinJoin, and the coins they end up with are no longer linked to be, and are spread among a dozen or more other random unknown people.

Without anonymity, you have nothing.

It's a good thing bitcoin has it then. You just have to work a little to get it.

I am going to school you again.

I have explained numerous times that mixers are basically useless if 99% of the users are not doing what is necessary to be anonymous, because then your new coins can be discovered with probabilities and a process of elimination.

Bitcoin does NOT have mandatory anonymity and thus it doesn't have anonymity at all.

Anonymity is an significant-minority-or-nothing proposition.

And if all of the significant-minority are tainted coins, then the authorities can just blacklist all the 1% or 10% that come out the other side of the mixer by the process of elimination.

For anonymity to work, the users in large part have to all be anonymous.

P.S. I've introduced ideas for physical Bitcoins in order to obtain more widespread anonymity.