RE: Bitcoin (cryptocurrency in general really) as a path to world peace.

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Bitcoin (cryptocurrency in general really) as a path to world peace.

in bitcoin •  8 years ago 

Can bitcoin even be taxed? Can a government know what you have in cryptocurrency or what you buy with it? If they can't then cryptocurrency becomes a serious constraint on government excess of all types.

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8 years ago by

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      ·  8 years ago (edited)

    Bitcoin is already taxed as an asset like a commodity would be. A government can know by checking the publicly available blockchain to see each transaction, should they know how to use it. Crypto constrains government in that they can't print it.

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