You are viewing a single comment's thread from:
RE: War on cash heating up in Australia & around the world. When we have no control of the money, it's one day closer to slavery. Bitcoin, Gold, Silver and luck may be the only things that can save you.
I have one question, let's say crypto does take over fiat, wouldn't it be easier for governments to tax people via the blockchain? I mean they could just tax every financial transaction, no escaping it, I figure a government could have complete access to the blockchain, I am not sure of this. I know you say there are coins impossible to track, but when you make a transaction, I mean you buy something a trail has to remain, couldn't government auditors follow this trail?
A government can have access to viewing the blockchain but can not hack it, break it or stop is because it's written in open source code.....which has never been hacked by anyone. The computing power of Bitcoin is collectivly the same as the worlds largest 15 known super computers I believe. There are coins impossible to track, such as Monero and Dash. You must first really understand blockchain to truly understand what your doing in crypto and why they gain in value. If you don't understand how a blockchain works and how the related white paper written by satoshi makes this math algorithm a work of genius. Believe me when I tell you......the Rothchilds......if they are NOT satoshi......they are very worried right now about bitcoin.
Ok, suppose they are Satoshi?
Why on earth would the Rothchilds or any government release the blockchain knowing that it has the power to destroy themselves?. That's likes Turkeys voting for Christmas.
If big banks or the Rothchilds were satoshi then we have nothing to worry about because they might be the stupidest people on the planet. They would never make a currency this difficult to trace. They hate cash already.....bitcoin makes their issue worse.
No one controls the Blockchain. No one can control the Blockchain. Several coins have hidden features where there is NO TRACE but most transactions can be traced until you put effort into hiding. If you use multiple addresses or 1 address per traction which many systems now do, very difficult to trace.