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RE: Financial Warfare: The Coming Battles
Thanks for the post @blakemiles84 I think we are living in an interesting time, do doubt there will be some storms to weather, my big question and alot of what I have to do for work in the real world involves the question >Meanwhile, both parties are thinking "I wonder which bureaucrat I need to report this transaction to in order to avoid being prosecuted?" I want to find the best way for us to be able to bring cryptocurrencies into the mainstream but I don't think it will happen without the right tax laws, I'd love to get your opinion on this too if you have the chance.
news is driving the fundamental adoption of cryptos by talking about bitcoin. the more they talk about it, the more people will take the bait and actually research what the hell it is. of that amount, a good number (of the more technically competent ones) will have the same paradigm shift we all had and jump on board. of that amount, a good number will stumble onto things like steemit, or other user friendly cryptos and begin using based on their own desires and demands.
on the flipside, i think a number of people will learn about crypto from seeing places like steemit and getting involved, almost from the inside out (as opposed to my previous 'user flow').
then you have the whole unbanked population that don't even have time for stuff like blogging that could jump on board as time moves along and increase the velocity of capital and content through steemit and other platforms.
taxes will adopt to crypto, not the other way around, imo. its simply moving too fast for regulators to keep an active handle on it without forcing marginal operations from slipping out of the clenched fist of bureaucracy. i'm not personally advocating that, because i have a firm desire to stay out of prison, but its simply the end result of any prohibitive regulation.
great question.