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RE: Cryptocurrency and the Privacy Conundrum
No way to escape from government. Masses will adopt the most convenient, safe and easy to use Crypto token. Untraceability will slow down adoption from people and make government more aggressive toward Crypto. If your account get worth millions one day, you don't want to mess with authorities. At least not me.
I love how if you take risks and make money the government wants part of it but when you lose money the government doesn't share in the loss.
You're right, but that is the system we currently live in. Don't loose sleep over this.
Yeah. Even if they don't know I own crypto now, they would if I banked out to my fiat account. How would I explain that? I'm afraid of 25% tax in Croatia.
Why? If you made 500% gain or more your government deserve tax. Who liberated you and took out of ex Yu?
I agree that there is the need to leave some profit in the community. Nothing would work otherwise.
Yeah, I think that's true as well. And it's likely why we still don't see any mass adoption. They're not that easy to use...certainly not very easy to acquire and spend, relative to existing currencies.
Masses will adopt? I'm sorry but in what I'm witnessing around me - it's no longer a future modal that I could use on that phrase - It's progressive and on going - They are already adopting to it.