RVonse
Veteran Member
- Joined
- Jul 1, 2005
- Messages
- 3,057
- Location
- USA
- Basic Beliefs
- that people in the US are living in the matrx
https://youtu.be/N7m2KGB0rd8
As the days of physical money are nearing an end there is at present a battle emerging between bitcoin and a US based digital currency. According to this guy, the public acceptance of bitcoin will make it impossible for the US government to ever control your money in the future. I agree with all he has to say and I also believe that given a choice, rational people will favor bitcoin.
But what he does not answer (to my satisfaction) is how everyone will be able to trade in bitcoins when taxes will be due in whatever the government requires. For example, what will happen if the government requires income tax to be payable in US digital but makes it prohibitively expensive to convert bitcoin into that currency? The banksters and politicians will then still have everyone by the balls.
As the days of physical money are nearing an end there is at present a battle emerging between bitcoin and a US based digital currency. According to this guy, the public acceptance of bitcoin will make it impossible for the US government to ever control your money in the future. I agree with all he has to say and I also believe that given a choice, rational people will favor bitcoin.
But what he does not answer (to my satisfaction) is how everyone will be able to trade in bitcoins when taxes will be due in whatever the government requires. For example, what will happen if the government requires income tax to be payable in US digital but makes it prohibitively expensive to convert bitcoin into that currency? The banksters and politicians will then still have everyone by the balls.