The first advantage that comes to my mind is tax avoidance through bitcoin transaction. But this is necessary mostly if you do freelance jobs, side jobs or trade random stuff.
For example I can trade my old or unused clothes on facebook market. We have such stupid system, that if through your bank account trading deals exceed specific amount, the government force you to register as individual entrepreneur and pax taxes, as "you get profit from your deal". Sounds absurd. I have already paid VAT when purchased that item, and sell it used below market price.
Or you can craft something. For example you are good at knitting and create merino wool scarfs. Earnings increases specific amount - you are very welcomed at tax center. Digging holes on weekends - ok. Doing it on regular basis at free time for your neighbors, but get paid regularly - share part of your income with government.
Or you are small company. To be able to survive and compete with huge chains and brand, you set price low as possible, just few percent above net cost. Share with government and go bankrupt slowly.
Imho bitcoin usage suits perfectly if you see yourself among my examples above.
For example I can trade my old or unused clothes on facebook market. We have such stupid system, that if through your bank account trading deals exceed specific amount, the government force you to register as individual entrepreneur and pax taxes, as "you get profit from your deal". Sounds absurd. I have already paid VAT when purchased that item, and sell it used below market price.
Or you can craft something. For example you are good at knitting and create merino wool scarfs. Earnings increases specific amount - you are very welcomed at tax center. Digging holes on weekends - ok. Doing it on regular basis at free time for your neighbors, but get paid regularly - share part of your income with government.
Or you are small company. To be able to survive and compete with huge chains and brand, you set price low as possible, just few percent above net cost. Share with government and go bankrupt slowly.
Imho bitcoin usage suits perfectly if you see yourself among my examples above.
Paying taxes is the duty of every citizen, and that is how we contribute to the prosperity and development of the country. I don't think the purpose bitcoin was created for us to use it to evade taxes. You don't want to pay taxes to the government, but when you encounter theft, dispute, or scams while investing, you want the government to take care of it for you. Is that called being too greedy? When you just want the government to do everything for you without spending anything for them.
Both of you guys certainly got a point and I bet neither one of you are willing to compensate or take a loss between this argument. What @Erumo is trying to say that sometimes these taxes are getting so hefty these days even if you're just selling your used things below the average market price but still, the government wants to tax you for that because you're gaining profit over it. But let's go back to the topic because bitcoin is not created to evade taxes or something like that.
