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Author Topic: Did Satoshi ever mention anything about the taxing of Bitcoin?  (Read 727 times)
Pipdips (OP)
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August 08, 2019, 03:00:04 PM
 #21

I don't think we'll get out of paying taxes any day soon. Taxes are always gonna be following us around.

Fair enough. Solid viewpoint. I think you are right.
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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August 08, 2019, 04:35:36 PM
 #22

Did Satoshi ever mention anything about the taxing of Bitcoin?

If you read the first sentence of the white paper, you don`t get taxed, there is a network fee, which is kind of like a tax, but not really a tax.

If you use bitcoin correctly there should only be 1 fee when trading.

So there was no need for satoshi to mention anything about tax.

In the future I would like to see the network fee kind of support other things not just the miners, you could build a real society behind a model like this.

Imagine everyone voting where the tax fees were spent in your society and everyone creating the supply rather than a few, it would be like a non communist $lavery $ystem for once.
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August 08, 2019, 05:08:09 PM
 #23

Did Satoshi ever mention anything about the taxing of Bitcoin?
Satoshi could have created a system that would make payment easy and then eliminate the third party involvement in transactions, but I am sure that he would never think of making it to eliminate tax because without tax, the country he is leaving would not have been as developed as it is now for him to be able to leave comfortably in it.

We all know what tax is all about, let us forget the fact that we have some government that are not using it rightly, but the purpose of tax is to maintain a country and without that tax, the country may just be in a serious mess, and even if satoshi had not talked about tax, I am sure that he would never be against it. Tax is part of government and no one can take that away, if government would not have a way to tax bitcoin, and then just know that they will declare it illegal.
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August 08, 2019, 06:20:19 PM
 #24

Though Satoshi did not mentioned any thing like tax in the bitcoin’s white paper that does not mean bitcoin will not be subjected to taxes! Governments all over the world will not allow that and that is why we are seeing different type of cryptocurrencies regulations issued coming up this days than the time when Satoshi was active.
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August 08, 2019, 06:39:23 PM
 #25

None that I can remember upon reading some of his posts and interactions with other notable figures in bitcoin. From the looks of it, Satoshi seemed to be that anti-government guy that wants things to stay clear of government intervention and control that's why he created bitcoin. Also, his views are mainly crypto-anarchism, so that per se explicitly states that he will never ever support taxation in any way or form.
The main purpose on why Bitcoin is created where to be freed out on the chain of government rules when it comes to finances.So most probably he doesn't mind about taxation or any related things.

If he's still alive now,he might already anticipated for this possibility for government to interrupt into its creation.Its inevitable though if we look deep through because government does really like to get involve into things which do opposes it.

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August 08, 2019, 06:43:06 PM
 #26

No, but it comes without saying. Cryptocurrency if you still don't even consider it as a currency itself is still an asset because it carries/stores value with its digital code. And we all know anything that has value may it be stocks, real estates, or simply anything with capital gains is taxable by law. The only problem I see based on the current events I always read is some countries are having a hard time identifying what kind of asset is Bitcoin and that's important to them as each classification has different kinds of taxes.
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August 08, 2019, 09:20:12 PM
 #27

Did Satoshi ever mention anything about the taxing of Bitcoin?
That was the idea, financial freedom, no third party, the liberty of the crypto market as a response to the banks policy with fiat money. So there was nothing about taxering BTC.
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August 09, 2019, 09:21:13 AM
 #28

I guess if you are creating something that would replace the fiat currency and even if we consider all nations eventually having their own crypto currency and everyone in the world paying for stuff with their debit cards filled with national crypto and mobile apps and so forth (futuristic looking but it is actually doable right now, just needs adoption) you have to consider taxing.

It means if satoshi was actually hoping for all the fiat currencies in the world getting destroyed and instead whole world eventually starts using crypto that would mean he needs to consider taxing as well, crypto is just changing the shape of currency from fiat to digital whereas it does nothing for taxing, governments still need to tax and still need to rule the world over and without that we can't really hope for governments to make the country better (not like they use it for that but at least there are minor things get done).

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August 09, 2019, 10:35:08 AM
 #29

Did Satoshi ever mention anything about the taxing of Bitcoin?

I doubt he did mention any about taxing Bitcoin. Satoshi is not part of any government bodies to taxation on Bitcoin is also not part of his plan.

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August 09, 2019, 10:51:17 AM
 #30

The question now is, will state governments issue mandated tax payment for every single person holding on or investing in Bitcoin?
For sure Satoshi did not mention taxation and it was obviously one of his major reasons for the creation of Bitcoin; to be free from tax. If the currency is not been controlled by any third party with trust, no need for tax.

However, IRS loves to go where there is much crowd, they see Bitcoin as a means many people use to escape tax payment more reason you see their involvement in it.
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August 09, 2019, 11:04:19 AM
 #31

Government control of currency would be ideal if we had a perfect and  honest governments.

I'm glad that with Bitcoin we can support our own form of money, one that can't be taken away if taken care of the right way. We can't and shouldn't expect governments to turn honest, but we can expect them to at least have some more respect for the people now they have their own money that can't be taken away from them.

In some states you can even pay your taxes in Bitcoin. Sure, it's still going through a payment gateway as we speak, but this is a first important step in the right direction, where the next step could be that some states will choose to accept Bitcoin directly. It would mean that governments take it serious enough to not have it converted to fiat and therefore value it above their own fiat currencies.

It tells me that if people and businesses no longer have an incentive to accumulate fiat to pay their taxes, and there is no payment gateway inbetween to sell these coins back to speculators, fiat's "intrinsic value" will be taking a massive hit since it is just a believe system.
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August 09, 2019, 04:01:53 PM
 #32

Did Satoshi ever mention anything about the taxing of Bitcoin?
I really doubt Satoshi ever saw bitcoin becoming this big, he created something with the mindset of a person of academics and he was just focusing on making something that he thought would be a lot better alternative to fiat money but in the end he wasn't expecting millions of people trading billions of dollars everyday on a trillion dollar market.

Definitely, Satoshi never expected Bitcoin will grow up this huge that even governments tend to admire this technology. Hence, He didn't see this coming and never thought about taxes. All he wanted to do is to Bitcoin become more complex and convenient payment transactions with of course no third party involved but seems there are still glitches like taxes.
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August 09, 2019, 04:16:52 PM
 #33

Bitcoin was never meant to be regulated by any entity and therefore any talks about 'taxing Bitcoin' does not make much sense. Of course, looking at all the cryptocurrency regulatory rules that have been built by different countries kind of seems like a taxation on the currency itself and yet the only sort of 'fee' a Bitcoin user would be paying is the miner fee and nothing more.
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August 09, 2019, 04:22:18 PM
 #34

You can have a look through all of Satoshi's writings here: https://satoshi.nakamotoinstitute.org/
And you can also have a look through all of his forum posts here: https://bitcointalk.org/index.php?action=profile;u=3

Did Satoshi ever make a spelling error, or any kind of syntax errors?  Satoshi's writing was executed so perfectly clear and free of any errors.

o_e_l_e_o you seem knowledgeable, what do you think the story is behind Satoshi?  Who, what, and where was Satoshi?
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August 10, 2019, 02:48:17 AM
 #35

None that I can remember upon reading some of his posts and interactions with other notable figures in bitcoin. From the looks of it, Satoshi seemed to be that anti-government guy that wants things to stay clear of government intervention and control that's why he created bitcoin. Also, his views are mainly crypto-anarchism, so that per se explicitly states that he will never ever support taxation in any way or form.
I did not also remember that I saw any taxation in bitcoin came from Satoshi Nakamoto. In fact, I think he does not want us to have negotiations against government since he want decentralisation and transparency among people. Well, we already paying indirect taxes in cryptocurrency. We just don't see it because it is in terms of satoshi only. Just like a fee in withdrawals or transferring btc to other wallet.
Of course, I'm sure Satoshi's idea in making bitcoin is because he wants to avoid all the rules and regulations that apply from the government, thats why he makes crypto anonymous and decentralized, of course he is very sad now when see there is a tax that is applied to its users
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August 10, 2019, 08:06:49 AM
 #36

Did Satoshi ever make a spelling error, or any kind of syntax errors?  Satoshi's writing was executed so perfectly clear and free of any errors.
A few minor ones, such as "more smaller" instead of just "smaller", and "lets" instead of "let's", but as you say, his writing was generally very precise.

o_e_l_e_o you seem knowledgeable, what do you think the story is behind Satoshi?  Who, what, and where was Satoshi?
I wouldn't call myself knowledgeable, just that I've spent some time reading all of his writings and correspondence (which I would recommend to anyone who is genuinely interested in bitcoin).

Regarding his identity, I've honestly not really put much thought in to it. I think he was probably an individual rather than a group, and I think he was probably a male in his late 30s or 40s in 2009. Beyond that, I don't really have a desire to speculate. He went to great lengths to maintain his privacy and anonymity, and I think we should respect that.
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August 10, 2019, 03:26:36 PM
 #37

Did Satoshi ever mention anything about the taxing of Bitcoin?

I don't think that he has ever mentioned anything about taxation of Bitcoin. But enough evidence exists to prove that Satoshi Nakamoto had a negative attitude towards government taxation. Although he hasn't explicitly stated it, one of the purpose for the creation of Bitcoin may be to avoid paying taxes to the government authorities.
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August 10, 2019, 04:09:10 PM
 #38

Though Satoshi did not mentioned any thing like tax in the bitcoin’s white paper that does not mean bitcoin will not be subjected to taxes! Governments all over the world will not allow that and that is why we are seeing different type of cryptocurrencies regulations issued coming up this days than the time when Satoshi was active.
The government sees Bitcoin as an asset belonging to someone, therefore, they need to tax it. I think this maybe some of the reason why Satoshi made Bitcoin, to become free from banks. And there's the government, making a lot of regulations just to collect some taxes from you. I think we are never gonna be free from the government once they knew what we owned.

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August 10, 2019, 04:44:51 PM
 #39

None that I can remember upon reading some of his posts and interactions with other notable figures in bitcoin. From the looks of it, Satoshi seemed to be that anti-government guy that wants things to stay clear of government intervention and control that's why he created bitcoin. Also, his views are mainly crypto-anarchism, so that per se explicitly states that he will never ever support taxation in any way or form.
In the beginning it is clear that Satoshi does not want any government eyes on the bitcoin platform as the government will have the power to shut down anything during inception of a ground breaking parallel economy and during the initial phase it was important that we have to stay low until we have enough miners and be truly decentralized so that no government could take down the entire network.
When Satoshi was active in the project there was no value for bitcoin so i am not sure whether he would talk about taxation in bitcoin during that time.
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August 11, 2019, 05:25:20 AM
 #40

Did Satoshi ever mention anything about the taxing of Bitcoin?

I think satoshi never thought of bitcoin being used on a mass global level so there was no chance of him mentioned anything related to the taxes on bitcoin. The taxes are government specific and every government has the right to put different taxes on the transactions of bitcoin. But for this to happen, they will have to make bitcoin legal first.

The first part of your statement is wrong. You can check the posts that Satoshi made in this forum during 2010 and it is clear that he wanted BTC to grow as a trans-national currency. That said, it is true that he didn't mentioned anything about the taxation, either in the forum posts or in the original Bitcoin white paper (which was published in 2008).
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