RE: Here Comes the Old Guard

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Here Comes the Old Guard

in cryptocurrency •  7 years ago 

Apps that help avoid taxes? I bet we will see them. But it will be an arms race because tax authorities will try to shut them down as quickly as they pop up.

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I meant decentralized exchanges (DEX) and websites like LocalBitcoins. Its hard to put down a website alone (like ever reappearing torrent websites) and should be impossible to shutdown a DEX.

Quite right. That's the joy of decentralisation, it can't just be shut down. You would have to kill every node (or almost every node). All it takes is one country willing to run 3 or 4 nodes, and the project continues.