RE: MONERO

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MONERO

in news •  8 years ago  (edited)

Monero does not get much attention. Once government rules (and taxes) start to bother cryptocurrency users, I expect increased attention for these dark coins.

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Once the government begins to Tax Cryptos properly, I'm concerned about the longterm viability of Monero as its black box functionality makes it immutability questionable. I think the government should leave Crypto alone and only tax when money is exchanged for fiat, products, or real property. That would allow for wealth building which will likely contribute to our consumption based economy. Just my 2 Satoshis. :)

That's true but the only mechanism that the government have and may or may not realized is the Ethereum and the Ethereum based technologies such as the upcoming EOS. Theses are designed with the potential to do something the government wish they could do to perfection. The dark coins are our only real defenses for storing and hiding away our crypto wealth.