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RE: Should Cryptocurrency Wallets be Registered with Government Authorities

in #cryptocurrency6 years ago (edited)

In my opinion @crypto.piotr, taxes act more as a social cost rather than a burden. Sure there are several economies that elevate the percentage to be paid, but overall it’s more or less bearable.

What I’m scared of most is the loss of privacy to an absolute scale. Governments can now be aware of ever penny spent and every information propagated. This would bring about the biggest authoritarian regime we’ve ever seen, which goes up to a global scale.

Would love to further hear your thoughts.

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dear @reverseacid

What I’m scared of most is the loss of privacy to an absolute scale.

Indeed that is a very fair concern. I don't have many more thoughts on this subject. Surely not many happy ones ....

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