WHY THE GOVERNMENT **SECRETLY** LOVES BITCOIN Bitcoin is no more likely to be used by criminals than any other tradable commodity, such as fiat currency, precious metals, gems, Wayne Gretzky rookie cards, and many other things. So, why the stress on regulating **ONLY** Bitcoin and cryptocurrencies while totally ignoring the same problem with other tradable commodities like cash??? The answer: TAX REVENUE (on an estimated $3 trillion!) The government recognizes that the global ledger system is the PERFECT taxation system once theyve co-opted and legislated it to REQUIRE your identity to be tied to your wallet addresses. All this talk about digital currencies being used for money laundering and criminal activity is a total farce designed to create the common impression that bitcoin needs to be regulated to avoid these activities...when in reality the regulation is actually a backdoor to setting up this taxation framework. How does that benefit you? It doesnt. So, is bitcoin regulation in anyones interest aside from the government/state? Absolutely not. cointelegraph/news/112194/new-report-challenges-canadas-btc-regulations-finance-dept-memo
Posted on: Sat, 02 Aug 2014 14:35:21 +0000
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