How many of you still believe bitcoin will free you from paying tax one day?
Is this dream even still alive?
It was only ever a dream in the minds of those who didn't understand what bitcoin provides and what governments demand. If you ever thought it was possible, then you were mistaken.
regulated exchanges are popping up..
Certainly. Most people who took the time to think about it always knew that they would.
mining is increasingly becoming centralized!
This is part of the original design of bitcoin. Satoshi said so himself multiple times. Anyone that thought otherwise simply wasn't paying attention to what the intended design of Bitcoin was:
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I anticipate there will never be more than 100K nodes, probably less. It will reach an equilibrium where it's not worth it for more nodes to join in. The rest will be lightweight clients, which could be millions.
At equilibrium size, many nodes will be server farms with one or two network nodes that feed the rest of the farm over a LAN.
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lightweight client-only users who only do transactions and don't generate and don't participate in the node network. They wouldn't need to download blocks, just the hash chain, which is currently about 2MB and very quick to verify (less than a second to verify the whole chain). If the network becomes very large, like over 100,000 nodes, this is what we'll use to allow common users to do transactions without being full blown nodes. At that stage, most users should start running client-only software and only the specialist server farms keep running full network nodes, kind of like how the usenet network has consolidated.
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The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own NNTP server. The design supports letting users just be users. The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate.
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every idea that created bitcoin seems to fade away.
No. Al the ideas that created bitcoin still exist today and are operating just fine. What fades away are all the misunderstandings, and silly pipe dreams that users have when they are first introduced to the concept and don't know any of the facts yet.
back the dream was in a world where you could buy or hire anything in bitcoin,
And more products and services are available all the time. I've purchased a TV, a camera, a local newspaper subscription, a Dish satellite TV service, food and drink at a restaurant, and paid for a hotel. All with bitcoins.
the government will never be able to prove your wealth you own in bitcoin and thereby you need not pay taxes or pay them little and keep all your wealth yourself!
There's nothing special about Bitcoin in that regard. You can just as easily store all your wealth in physical cash (such as U.S. dollars) and keep them all hidden. As long as you hide them well enough, "the government will never be able to prove your wealth you own in U.S. dollars". Of course, just like with U.S. dollars, the tricky part is hiding your bitcoin well enough that they can't find it (or determine that you own it). This is known as tax evasion, and is a crime in most jurisdictions. Failing to pay the taxes that your jurisdiction demands of you is a risky decision that is likely to result in prosecution.
Thereby, the hard to earn wealth that you earned with hard work is all yours!
But if this was true by now, some few millions from the trillions kept in Swiss banks should have flown into bitcoins market cap!
Perhaps it has? Of course many of those that might want to hide their wealth are also concerned about protecting their wealth from the volitile nature of the bitcoin exchange rate while it's still being established.
But are you losing hope?
No. I'm still confident in the long term potential for what bitcoin can bring to the market.
you still think bitcoin will free you one day from paying tax?
Still? I never thought that in the first place. I've been reporting income and paying the taxes on everything that I earn from bitcoin related activities since I started in early 2012.
