Message from @Graylan | gray00
Discord ID: 523519132952690689
Governments will absolutely not countenance a mechanism to perform transactions that does not show as income or for sales tax
@Ash bitshares is a dex no one can ban you
Every time you perform a transation, your state (if it has a sales tax) or nation (if it has a GST) gets its cut
and dont keep money in exchanges they are scammers
thats where i think the online piracy comparison comes into play, because if tax evasion gets easier and more risk free, there will be more people doing it
so i'm pretty hyped
I've never been banned, only had people hold my bitcoin eternally.
Crypto will be regulated to ensure those transactions can be taxed
And that income can be reported to governments as income
well if they cant stop piracy i dont think they can stop tax evasion if its easy
it's already regulated please educate yourself
It's already happening now that crypto has reached the level of notice. The amount of commerce that starts to cut into tax revenues.
Blockchain is too opaque
but if you're a company, of course you're super regulated
By definition it can hide commerce from the taxman
@DrYuriMom you speak about blockchain like you know about it... What is DPOS what is PoW? what is PoS? 😄
your accounting books has to make sense
I'm not an expert
You tell me how the state can know where tax revenue comes from?
ok i develop inside the blockchain ecosystem. i run a business that only accepts crypto. i can tell you it's regulated.
I'm just looking at the regulatory framework
Note the articles I posted above
btc is plummeting .... to some people.. that means cheap!
buy the dip
lol
btfd!
@DrYuriMom that's your problem you are listening to talking heads who dont know shit . they are not developers. they are not marketers.
Okay, then why are politicians pushing forth more and more regs because of the increase in money laundering and the inability to reliable determine revenue?
they are believing the fud
Whatever the technical aspects may be, the regulations will happen
that's false. bitcoin has much less money laundering that USD
and the govt knows that.
that's why they like btc.
Don't you realize all the blocks are immuteable?
WHy would i launder money
banker shills
Listen dude, you are not pulling legit sources
but do you think they are going to stop continuing regulating it harder though, gray?
politicians still seems afraid of it