Ask HN: Can cryptocurrencies be reliably taxed if everyone adopts them?

2 pointsby 2ro2 anni fa4 comments

If we didn't use fiat currency then how could governments function?

1 comments

rini172 anni fa

There's plenty of evidence most people can't/don't want to do full self custody. So if "everyone" adopts them they will inevitably have the coins managed by third parties. Plus everyone including many people with self-custody have expectations about fair conflict resolution and fraud prevention. Even if they are in denial till stuff hits the fan. That's where and how governments step in.

2ro2 anni fa

As a technological matter, disregarding probable human behavior, can it be done?

salawat2 anni fa

Yes, and even easier than tradfi since the ledger is by definition public. At that point it's allbjust passing dicta from on high. The crypto nutters kind of played themselves if they thought their medium was taxation proof.

rini172 anni fa

Maybe, except taxation is not a technological matter anyway.