Cryptocurrency is not exempted from taxation or other government regulations. Not to mention the fact that it cannot be used for most transactions at all.
The market cap of bitcoin is like 117 billion dollars, that's less money than Jeff Bezos has, that's not a threat to any institution or currency.
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Short sighted.
is anything I said inaccurate? If you think you can avoid taxes long term with crypto that could lead to a rude awakening.
It's perfectly accurate if you're only looking a couple years ahead. Bitcoin hasn't scaled yet and implemented mimblewimble and other privacy tech. But when that happens, it's game over for the control grid the banking system has set up. You best watch what John McAfee has recently said...
The question I have for you is, have you come to terms with the moral contradiction of enforced theft? I'm going to die soon anyway so this question is for those of you in your youth who will be the ones facing this onslaught of badge wearers who make excuses to steal from you at gunpoint. There's a better way. Google voluntarism.
It's funny, I was running a McAffee scan this morning and thinking how funny it was that they kept his name when they booted him out of his own company to expatriate and do drugs and prostitutes. Years ahead a much better cryptocurrency than bitcoin will have arisen and bitcoin will be the Myspace of crypto. No matter what currency you use all of your actions are tracked so you will be able to be taxed, what advantages do you believe crypto provides for tax evasion that cash does not?
what does not scale well is tax evasion, it's easy to do on a small scale, very difficult to do on a large scale. Say you buy a boat with your crypto, are you going to be able to deny to the IRS that you bought a boat? if you want to drive your boat it needs to be registered or you will get a large ticket.
Taxation is not theft by any definition of either word. Death and taxes are the only certainties.
No badge wearer has ever stolen from you at gunpoint. I have actually had that happen to me and I can assure you that they are not allowed to do that. The idea that you will be killed for not paying taxes is silly, not paying taxes is not a capital offense. There is no such onslaught.
That's a supremely arrogant statement and also wrong. I can't fix stupid and bad moral character. You have to first come to the fundamental realization that use of force is morally wrong unless it's done in self defense. Until then, you're just wasting both my time and yours.
You have to understand that not paying taxes is not a capital offense and we don't have corporal punishment at all here. I understand that it is the basis of a religious doctrine but no physical harm will come to you if you don't pay your taxes. No men will point guns at you, you will get a letter from the IRS. It's just nonsense.