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Moist8d ago
tax laws do not prevent the use of bitcoin. the might make it more difficult depending on your country and circumstance, but they don't prevent its use. agree about the de facto laws, or more like the arbitrary interpretation of existing laws. but like anything new, it takes a few court cases to clarify the interpretation. obviously if bitcoin does become the default currency then governments will start writing new laws as their tax income will evaporate. but thata a whole different conversation about the role government shoukd play
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Daedalus8d ago
Bitcoin will never become the default currency as long as it doesn't have privacy by default. The lawfare and tax attack vectors are too strong and will always persist. Notice how we went from nearly 0 taxes in the gold/silver standard with paper currency then now have astronomical taxes and surveillance with ACH transfers and Visa/Mastercard. Notice how even the normie values getting tipped in cash more knowing that they can get away with not paying income tax on it with 100% confidence. Nearly every tradesmen you hire will give you a cash discount for this reason. We need L1 privacy by default or Bitcoin is DOA as medium-of-exchange.
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