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RE: Is US Government agaisnt Americans success in Cryptocurrencies or fear of its Dollar and Tax?

in #bitcoin7 years ago

The government fears it because the IRS would find it impossible to extort the citizenry when the transactions are untraceable...

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They are only untraceable as long as they remain crypto-currencies but when they get converted to US dollars then they are very traceable. To be truly free from the IRS we need to play with our own ball in our own game and we need to stop using US Dollars all together in our transactions. We're still a ways off from that becoming reality however. But it is a goal to work towards!

Totally agree...

Point, thanks for sharing

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