Decentralization or total control?

[GrandBcn]

Now strange things are happening.
On the one hand, cryptocurrencies are decentralized assets. This attracted many here. What do we see today? Many exchanges, ICO's ask for your documents to establishing the identity.
The government is trying to tax all transactions. But to tell you the truth, the government has nothing to do with it at all. Why do I have to pay taxes on cryptocurrency transactions? Therefore, I no longer understand where this limit of incognito and where declaring of incomes begins.
Yes, I understand .... weapons, drugs. But they were before the advent of cryptocurrency and they will always be.
In terms of security - here, too, not everything is clear. The government wants to get taxes. OK. But they don't want to protect us from hackers or scammers. Maybe make some sort of insurance. That is, it is some kind of collapse. On the one hand, we are obliged to pay income tax from 25 to 56% (in different countries in different ways). But on the other side what do we get in return? Nothing, just nothing, zero, emptiness.
What are your thoughts?

[1715411519]

1715411519

[1715411519]

1715411519

[European Central Bank]

in return for taxes you get a functioning society and a population that won't kill you for the food on your plate. most of the other stuff is your problem. you think moaning about it will change anything? it's a fact of life. you're free to try and evade this stuff. most people pay it for the sake of a quiet life.

[GrandBcn]

in return for taxes you get a functioning society and a population that won't kill you for the food on your plate. most of the other stuff is your problem. you think moaning about it will change anything? it's a fact of life. you're free to try and evade this stuff. most people pay it for the sake of a quiet life.

But I pay a lot of taxes in my country. This is the tax on the second apartment, the pension tax when selling real estate or car, it is land tax, personal income tax, wind tax (yes, wind also belongs to the state). Do you think this is not enough? These taxes, which I personally pay out each month enough to feed 10 poor people.

[david_019]

As a normal citizen in our different respective country we have no power so far about how to stop the forcing power of the government to get taxes from us on our crypto profit if they will enforce that. Seeing the positive side that through our taxes we are helping our own nation is a comfort and enough to give us willingness to obey if we love our country. Yes crypto is decentralized but this system has also powerless if the government will force to use their power.

[European Central Bank]

But I pay a lot of taxes in my country. This is the tax on the second apartment, the pension tax when selling real estate or car, it is land tax, personal income tax, wind tax (yes, wind also belongs to the state). Do you think this is not enough? These taxes, which I personally pay out each month enough to feed 10 poor people.

if you don't like it then either move or vote for a government that promises to lower them. it doesn't matter what you or anyone else feels about it. they're a fixture that isn't going away.

[khufuking]

If the country regulate crypto then they may TAX it , but why TAX something you did not regulate in first place ! I think that what OP want to say . regulate it first and put rules  then you may TAX it . I think add TAX on something that is not regulated yet is out of line .

Bottom line regulate it then TAX it .

[Jansaa]

Now strange things are happening.
On the one hand, cryptocurrencies are decentralized assets. This attracted many here. What do we see today? Many exchanges, ICO's ask for your documents to establishing the identity.
The government is trying to tax all transactions. But to tell you the truth, the government has nothing to do with it at all. Why do I have to pay taxes on cryptocurrency transactions? Therefore, I no longer understand where this limit of incognito and where declaring of incomes begins.
Yes, I understand .... weapons, drugs. But they were before the advent of cryptocurrency and they will always be.
In terms of security - here, too, not everything is clear. The government wants to get taxes. OK. But they don't want to protect us from hackers or scammers. Maybe make some sort of insurance. That is, it is some kind of collapse. On the one hand, we are obliged to pay income tax from 25 to 56% (in different countries in different ways). But on the other side what do we get in return? Nothing, just nothing, zero, emptiness.
What are your thoughts?

Decentralization is now an indispensable trend for the whole society! Ensuring privacy and confidentiality can not be by an organization or individual! It's all community! and for the community

[GrandBcn]

~

I understand & agree with you. It's just .... sometimes it's more emotional than it should be.

Bottom line regulate it then TAX it .

Yes, that is right. They want to do nothing, but half the profits are taken to the state's coffers.

[European Central Bank]

If the country regulate crypto then they may TAX it , but why TAX something you did not regulate in first place ! I think that what OP want to say . regulate it first and put rules  then you may TAX it . I think add TAX on something that is not regulated yet is out of line .

Bottom line regulate it then TAX it .

are tables regulated? are paintings of mountains regulated? are hats made of canvas regulated? nope. but if you sell enough of them you have to pay tax on the transactions just like everything else.

this is no longer internet magic land. this is the real world and in the real world if you fart the chances are it's gonna be taxed.

[Oumal]

Now strange things are happening.
On the one hand, cryptocurrencies are decentralized assets. This attracted many here. What do we see today? Many exchanges, ICO's ask for your documents to establishing the identity.
The government is trying to tax all transactions. But to tell you the truth, the government has nothing to do with it at all. Why do I have to pay taxes on cryptocurrency transactions? Therefore, I no longer understand where this limit of incognito and where declaring of incomes begins.
Yes, I understand .... weapons, drugs. But they were before the advent of cryptocurrency and they will always be.
In terms of security - here, too, not everything is clear. The government wants to get taxes. OK. But they don't want to protect us from hackers or scammers. Maybe make some sort of insurance. That is, it is some kind of collapse. On the one hand, we are obliged to pay income tax from 25 to 56% (in different countries in different ways). But on the other side what do we get in return? Nothing, just nothing, zero, emptiness.
What are your thoughts?

Yes, unfortunately, at the moment they can put under control. So far, not many people have used crypto conversions. When there is decentralized Internet and exchange, when the use of crypto will be massive, only then it will be possible that something will change.

[Hoxysado]

Now strange things are happening.
On the one hand, cryptocurrencies are decentralized assets. This attracted many here. What do we see today? Many exchanges, ICO's ask for your documents to establishing the identity.
The government is trying to tax all transactions. But to tell you the truth, the government has nothing to do with it at all. Why do I have to pay taxes on cryptocurrency transactions? Therefore, I no longer understand where this limit of incognito and where declaring of incomes begins.
Yes, I understand .... weapons, drugs. But they were before the advent of cryptocurrency and they will always be.
In terms of security - here, too, not everything is clear. The government wants to get taxes. OK. But they don't want to protect us from hackers or scammers. Maybe make some sort of insurance. That is, it is some kind of collapse. On the one hand, we are obliged to pay income tax from 25 to 56% (in different countries in different ways). But on the other side what do we get in return? Nothing, just nothing, zero, emptiness.
What are your thoughts?

I think decentralized systems are much better
In my opinion people have more chances there than in any other places

[IgorShumilo]

Now there are a lot of decentralized exchanges where you do not need any documents proving your identity. In the near future there will be even more of them. Translate crypto into Fiat, too, is not particularly difficult and do not pay taxes)

[MainIbem]

There are several taxes. There are direct taxes and there are indirect taxes. Taxes are a tool for social engineering. The way the government talks about taxes sometimes does not reflect this idea of taxation. There are good things embedded in the crypto world. The focus on taxes alone is closing an eye to the more benefits of the crypto benefits and therefore counterproductive.

The pursuit of total control of the crypto industry by government is, therefore, more than just tax.

[krassy]

It is not profitable for any state to lose control, especially control over the finances of its citizens. since the emergence of cryptocurrencies and blockchain, government agencies have sought to subordinate all resources. block web resources, accused of hiding income, impose taxes on cryptocurrencies. just so they will not retreat and will try to control the entire blockchain.

[farhiamunni]

i have some issues with taxes, in may part of world they takes taxes but don't impliment it at all. i lost faith from them so i don't expect them to save us from hackers or scammers anymore.

[BTCeminjas]

***-snip-
On the one hand, we are obliged to pay income tax from 25 to 56% (in different countries in different ways). But on the other side what do we get in return? Nothing, just nothing, zero, emptiness.
What are your thoughts?

Are you sure nothing?
That's is not quick result what you have given as a tax to your country, that is for the whole economics of society. At least you have contributed a little amount to your country, in way of paying taxes you can also help the economic growth in your country as well.
So don't hesitate of paying just a small amount from you.

But lucky for me we don't need to pay tax here our government they not implementing any law regarding cryptocurrency that the reason we much enjoy using cryptocurrency.

[ledinasaliasi]

 i believe using centrallized altcoins is not a good choice because it feels like we are always under supervisor of the company or governments, my purpose to get in this cryptomarket because i believe in a world without any control from any third parties, so privacy is a very serious situation when we talk about it, and i really don't want to pay any taxes because the government can cotrol us if we use centralized altcoins.

[Road445]

Again, I'm worried about this.
When the government begins to intervene in the whole cryptocurrency market, the market will become centralized.

[jamesmitchel018]

Tax is necessary for running a country. It is your duty as a citizen to pay taxes and it is a must. No matter what you feel, you have to pay it.

[earnetheasy]

You are right in some point like drugs, crime was there and will be in future. But tax can assure your national security. And if tax is not tracked, drugs and crime will go at a higher level that make people intended to crime more in future. So I believe it would be safe for traders and country as well.

[Praesidium]

in return for taxes you get a functioning society and a population that won't kill you for the food on your plate. most of the other stuff is your problem. you think moaning about it will change anything? it's a fact of life. you're free to try and evade this stuff. most people pay it for the sake of a quiet life.

Not exactly, taxes i paid usually goes to corrupt politician that takes advantage of the power they have. My country's debt to the world bank is increasing rather than decreasing after all workers payed taxes. Thus we still cant be sure whether they use it properly or they just use it for own good. Good thing that my country is not against crypto and they didn't tax it too.

[Orsen]

Decentralization is very good, but because of it, government often wants to kill a crypto because the state can not follow decentralized systems, and therefore begin to fight it!

[tomwell]

It is a must for you as a citizen to pay the taxes. The government uses this tax to regulate the country. Without these taxes , government would not have been able to provide us the stability and security.

[greenvally]

Taxing is not always bad. When government imposes tax on crypto currencies it means they are making them permitted to their country to work with it. This doesn't mean that they'll have all the control over crypto currencies. But, they'll have eyes on it. Because of this the demand will also increase as people will feel more safe to transact with crypto currencies.

[leoliln45]

I think giving tax is good because it shows crypto currency is being legalised on that currency and people start to rely on it more. Besides, the governments will not have control over it fully but they can watch the transaction procedures doing with crypto currency.

[GrandBcn]

Not exactly, taxes i paid usually goes to corrupt politician that takes advantage of the power they have. My country's debt to the world bank is increasing rather than decreasing after all workers payed taxes. Thus we still cant be sure whether they use it properly or they just use it for own good. Good thing that my country is not against crypto and they didn't tax it too.

Yes, you are absolutely right. I forgot to mention this fact.
The reality is that you are more honest and law-abiding citizen, the more you owe to the state.
The idea of decentralization is simply lost in these taxes. The government has not yet made a final decision. But they can invent licenses for $ 100,000 or something else. This is absolutely not constructive. If taxes are reduced, many will gladly pay 10 or 20% of the profits. But not 50% of the total turnover. This is ridiculous.

[OLX]

I really do not like the current practice of ICOs requesting KYC. You never know who is running these ICOs and who has access to the information submitted. Stay safe

[Artjk13]

In the case of tax, we have to get paid by social institutions such as Medicine Education Utilities Pension Fund and law enforcement Agencies. But there is one huge disadvantage of this system - it is corruption. Enriching yourself at the expense of others breaks the system at its root. Blockchain is aimed at the desire of corruption in General and it is unprofitable for some. As we can see, countries with a sustainable management system are introducing blockchain into the "system" slowly on the way to the future. Creating convenient conditions for the ICO and in attempts to resolve it. More corrupt countries are trying to either enrich themselves for a good purpose or even ban any Innovation in cryptography.
Everyone lives in his own world, and until we start taking into account other people's worlds, nothing will fix us. Besides dystopia, there we will not know about freedom of thought. 1984
My choose is 1st, because all ppl can't true be ever/

[Rejinx]

Among the cryptcurrencies there are many contradictions because some coins are very anonymous and I like it, but others are not. There are also such as Ripple, which can hardly be called a cryptocurrency.

[Suslura]

I think giving tax is good because it shows crypto currency is being legalised on that currency and people start to rely on it more. Besides, the governments will not have control over it fully but they can watch the transaction procedures doing with crypto currency.

in any case it seems to me that any activity should be taxed, But every tax should have good interest, and not take half the profits. Thanks to taxes, there are states, but the legalization of the crypto currency will also bring huge benefits to the users .

[Ricowavy]

I think government regulation will jeopardise the decentralised nature of blockchain, icos demanding for kyc too are tampering with the anonimity nature of it. These are the things that made blockchain stands from other technology and if it is compromised, our dear blockchain may eventually be of no use.

[jesika]

Now a days there are so many decentralized system are available in the world in this system people don’t need anything for proving identity. Thats why people are like this and in near future its percentage will be increase.      

[ven7net]

Most likely decentralization by itself is simple - a beautiful word, but as you noticed in practice it's quite another. I think that nothing and not when will not work without supervision or management. Especially the crypto market that can bring millions if not billions of profits. Now is not the time, unfortunately, that everything would suddenly become decentralized and independent. Now time is capital.

[barlo357]

For me Decentralization is much better because you will be one the to control all decision compare to total control the government has the power to control you specifically in taxes but they don't have powers to eliminate the scammers and hackers so where is the security there?. They are good only in collecting taxes but in the other side they are nothing.

[mlkvch]

None of them. At least in few last decades. Yeah, today, governments want to control cryptocurrencies to be able to take taxes. But blockchain potentially could replace governments at all. An of course, it won'y happen in months or years. This is what you could think about

[zero9119]

Now a days there are so many decentralized system are available in the world in this system people don’t need anything for proving identity. Thats why people are like this and in near future its percentage will be increase.      

The more decentralized systems that have opened up, the more active the investor is. That also led to the complexity of the cryptocurrency market when so many new platforms appeared with many altcoin but nothing came back. Investors should consider investing in new platforms.

[Mariabramovich]

Everything shold be decentralized and ruled as well - under the strict terms of smart contract - that's a law of future! We can even imagine on how strong it is. The first crypto game under a strict rules with smart contract can reach the highest level of prosperity.

[Eddyc]

The decentralized idea is something that everyone involved in crypto craves or intends to define definitively, with this purpose it is more than clear that we are tired of the high rates of self-reliance of the country, practically we are taxed by several sectors of life in some countries others less, but we are always subject to taxes. However digital currency was born to break this centralized system and even then we find attempts to centralize the current market.

[Brianlee0112]

Some of govt. apply taxes on bitcoin but there is no rule to apply taxes on bitcoin but they are concern about buying illegal things so they can apply this in here but not for other products because people always pay taxes for their assets and they shouldn’t pay tax to govt. because of buy something from online also govt. should encourage because it reduce many problems and life become easier for general people.

[Lerikaweb]

I agree with the author. Decentralization becomes more and more doubtful every other day. I think that it is not the matter of a month or two to stabilize this situation.

[rosezionjohn]

I am not sure where you are really getting at here. But is avoiding or evading tax one of the reason why you entered cryptocurrencies? I mean decentralization of things should not in any way affect your obligation as a tax payer.

[zxrcoin]

To pay tax is the decision of the government and it will vary country to country depending on various situations. We pay taxes for the social welfare of our country. The important thing is that we pay taxes for our legal income not illegal so when we are paying taxes for the earnings from the bitcoin that means bitcoin is a legal thing. Today all the people are giving taxes even in the real world. So why not will we give taxes? We are doing legal business and so we will give taxes. Do not think very much regarding this.

[criptoman83]

If in exchange for my taxes on cryptocurrency revenues the state will regulate the market and it will change for the better - I don't mind. The regulation is to stop these damn scammers that fooling people. There is also an acute issue of money laundering and crime. Unfortunately, now it is happening.

[CryptoAlphaStar]

There are scammers, terrorist and drug dealers in fiat too. That's how they operate for decades.
So why crypto is any worse than fiat?
Didn't we had all of this before crypto? This is just a very convenient arguement for banks and governments to slow down the adoption of cryptocurrencies.

On the other discussion going on, decentralization systems are slower in governance. Total control systems are faster. Depending on anybody's needs, everyone can choose where to join.

[PrivateEnemy]

Unfortunately, people are not ready for lack of control. We are all so used to total control that we are no longer able to think critically. Lack of control has generated so much fraud and scam that people themselves demand control. Vicious circle.

[Don_Leonardo]

Now strange things are happening.
On the one hand, cryptocurrencies are decentralized assets. This attracted many here. What do we see today? Many exchanges, ICO's ask for your documents to establishing the identity.
The government is trying to tax all transactions. But to tell you the truth, the government has nothing to do with it at all. Why do I have to pay taxes on cryptocurrency transactions? Therefore, I no longer understand where this limit of incognito and where declaring of incomes begins.
Yes, I understand .... weapons, drugs. But they were before the advent of cryptocurrency and they will always be.
In terms of security - here, too, not everything is clear. The government wants to get taxes. OK. But they don't want to protect us from hackers or scammers. Maybe make some sort of insurance. That is, it is some kind of collapse. On the one hand, we are obliged to pay income tax from 25 to 56% (in different countries in different ways). But on the other side what do we get in return? Nothing, just nothing, zero, emptiness.
What are your thoughts?

It's a good question! And I have no answer. I've been thinking about it since I invested in BitClave project. They are developing a decentralized monetized search engine. It means that we'll keep our data secure on a blockchain. But how will governments react to this... Have no idea! I don't think they'll like it.

[lionheart78]

I dont like also idea and what is happening right now. More and more tightening and more and more regulations which choke the holders or the investors. They say it is to avoid money laundering, for more cryptocurrency stability if it be backed by banks and governments.

[masterzino]

There are scammers, terrorist and drug dealers in fiat too. That's how they operate for decades.
So why crypto is any worse than fiat?
Didn't we had all of this before crypto? This is just a very convenient arguement for banks and governments to slow down the adoption of cryptocurrencies.

On the other discussion going on, decentralization systems are slower in governance. Total control systems are faster. Depending on anybody's needs, everyone can choose where to join.

Crypto is not worst than fiat.
But we have a lot of laws that make the life for terrorist and drug dealers a lot harder. Money are very heavily regulated and moving money always leave a trace. The anonymity of crypto is what scary people that will makes it easier for criminals.

[chocopapaya]

What government are you referring to specifically?
Which one has shown that it wants to collect taxes and how?
Are you talking about profit you earn if you cash out through an exchange?

Most of the fud surrounding government control is exactly that: fear, uncertainty, and doubt about something that just isn't true.
There is unprecedented freedom in using and buying/selling crypto.
This market is hardly regulated at all.
Whether it will stay that way is another matter, but for now, I am really enjoying the freedom of the whole crypto world.

If you are really worried about paying taxes or not, why don't you figure out a way to circumvent the tax laws in your country?
Whether it is morally right or wrong is up to you, but there are many ways to avoid paying taxes legally (at least for americans).
Only a fool blindly hands over everything to their government with no questions asked.

[leezay]

Unfortunately, people are not ready for lack of control. We are all so used to total control that we are no longer able to think critically. Lack of control has generated so much fraud and scam that people themselves demand control. Vicious circle.

I agree with you.
So far in history we have proven that without control we can be the worst of all.
We have not invent any better system than whatever we have now.

[ranoby]

Many foresaw this. But I think that the attempt to settle crypto-currencies will end in failure. It's like trying to tame a wild animal

[yesyes18]

The fact is that governments are always trying to find ways to dube money from everyone. Anyways if they'd regulate it and then tax it that'll be cool though, but if they tax it first without regulations, that'd be more dangerous. But in the end what you said is true, we've lost the anonymity!

[GrandBcn]

In the case of tax, we have to get paid by social institutions such as Medicine Education Utilities Pension Fund and law enforcement Agencies. But there is one huge disadvantage of this system - it is corruption. Enriching yourself at the expense of others breaks the system at its root. Blockchain is aimed at the desire of corruption in General and it is unprofitable for some. As we can see, countries with a sustainable management system are introducing blockchain into the "system" slowly on the way to the future. Creating convenient conditions for the ICO and in attempts to resolve it. More corrupt countries are trying to either enrich themselves for a good purpose or even ban any Innovation in cryptography.
Everyone lives in his own world, and until we start taking into account other people's worlds, nothing will fix us. Besides dystopia, there we will not know about freedom of thought. 1984
My choose is 1st, because all ppl can't true be ever/

Yes exactly! The more the government denies transparent schemes in crypto directions, the more they are corrupt. It is not profitable for them that with new technologies they will not be able to steal and stuff their pockets. Any resident of the country will be able to see the movement of money. It's like a litmus test for me. Australia, Switzerland are countries that implement cryptocurrencies and they have a transparent economy.

[Nosequired]

I've always thought about this and it confuses me to no end  because on the one hand I really don't like our centralised currencies and bank run economies but at the same time I really don't like the idea of a worldwide currency that could make it potentially easier to manipulate humans

[Jobbernowl]

The government is not interested in doing things that do not bring profit but only a headache. Look, they don't want to fight corruption, organized crime, don't want to change the outdated laws and tighten the punishment for criminal crimes. But if it comes to money and profits, then they are happy to get down to business. They vote for passing laws on cryptocurrency, impose fines and taxes. It's just disgusting to look at it. They don't agree that poor people can become richer thanks to the crypto industry and no longer work for a penny on the welfare of the government.

[sne.su]

I'm not against total control or decentralization! I'm against mixing one with another. Against double standards. It is necessary to control what is required, but let the decisions be decentralized. It is impossible to establish total control over the votes.

[feelideb]

Government all over the world has always been a control freak! The reason more than 90% of cryptocurrency users and enthusiast are here is because will like, desire and live what cryptocurrency represent that is why I do not like KYC culture of  ICO!