Did Satoshi ever mention anything about the taxing of Bitcoin? - page 2.

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: BTCbengi on August 11, 2019, 04:57:49 PM

I think he doesn't want tax with Bitcoin at all. Initially he created it to help us solve a lot of taxes from government and local agencies out of our assets and our finances. However, tax is an indispensable thing for every country to operate stably and well. As for bItcoin, fees from transactions can be viewed as tax, which helps both the system and transactions work stably and smoothly.

If you check whatever communication made by Satoshi during 2009-10, it is clear that he intended Bitcoin to act as a currency, and not as an investment asset. He hoped that in future Bitcoin will be accepted as a global currency and used by billions of people. But he probably didn't predicted that Bitcoin will be used more as an investment asset, and less as a currency. Now this complicates the whole thing. Currencies are not subjected to capital gains tax. If you do forex trading, a different type of tax is applied. So my guess is that Satoshi never thought about the taxation part, since he never thought that Bitcoin will become an investment asset.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: fiulpro on August 11, 2019, 12:50:24 PM

The fact that he made something to fight off the government and to actually handle our things on our own , not without anyone else intervening , to be our own banks and to decrease the influence of the market regarding the big whales .
This is somehow against what a government could have wanted thus I think he never said anything about the taxation of bitcoins.
But taxation is actually good because it is considered a digital asset .. by the government.

Yes.Satoshi created bitcoin to get away from government interruption so most likely,taxation never crossed his mind.But once the government will start legalizing bitcoin,tax will surely be collected from it.This is still good because taxes will be used for building more infrastructures that will be of great benefits for the people themselves.

BTCbengi

full member

Activity: 241

Merit: 100

I think he doesn't want tax with Bitcoin at all. Initially he created it to help us solve a lot of taxes from government and local agencies out of our assets and our finances. However, tax is an indispensable thing for every country to operate stably and well. As for bItcoin, fees from transactions can be viewed as tax, which helps both the system and transactions work stably and smoothly.

fiulpro

hero member

Activity: 1890

Merit: 831

The fact that he made something to fight off the government and to actually handle our things on our own , not without anyone else intervening , to be our own banks and to decrease the influence of the market regarding the big whales .
This is somehow against what a government could have wanted thus I think he never said anything about the taxation of bitcoins.
But taxation is actually good because it is considered a digital asset .. by the government.

SquallLeonhart

legendary

Activity: 2464

Merit: 1102

Quote from: Ranly123 on August 09, 2019, 05:35:08 AM

Quote from: Pipdips on August 06, 2019, 02:44:58 PM

Did Satoshi ever mention anything about the taxing of Bitcoin?

I doubt he did mention any about taxing Bitcoin. Satoshi is not part of any government bodies to taxation on Bitcoin is also not part of his plan.

All satoshi did was to create a tool for a particular purpose which we all know that it is for peer transaction, so if there is anything we can then make out of it, we are free. Many of us have made investment out of it and it is still working without it being stated in the whitepaper, and if bitcoin is taxable, then there is nothing wrong about government taxing it because it is against the law for anyone to evade tax.

Tax is a very compulsory thing and I believe that of satoshi is still alive he would also be paying his tax without defaulting. Bitcoin system is only going to go against third party involvement and that is why government needs to support full decentralization, if they do and then regulate it, it would be easier for them to tax easily in cryptocurrency.

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: ?? on ??

I think satoshi never thought of bitcoin being used on a mass global level so there was no chance of him mentioned anything related to the taxes on bitcoin.

since his invention is a currency i think tax have also come to his mind and i think tax is also the reason on why he invent something like this . he also though that his invention will become a hit someday because bitcoin is something that people will use on a daily basis .

Quote

The taxes are government specific and every government has the right to put different taxes on the transactions of bitcoin. But for this to happen, they will have to make bitcoin legal first.

yes its the governments job to apply tax but not all governments are requiring tax on bitcoin even if bitcoin is already legal on thier own country .

Vishnu.Reang

sr. member

Activity: 1988

Merit: 453

Quote from: ?? on ??

Quote from: Pipdips on August 06, 2019, 02:44:58 PM

Did Satoshi ever mention anything about the taxing of Bitcoin?

I think satoshi never thought of bitcoin being used on a mass global level so there was no chance of him mentioned anything related to the taxes on bitcoin. The taxes are government specific and every government has the right to put different taxes on the transactions of bitcoin. But for this to happen, they will have to make bitcoin legal first.

The first part of your statement is wrong. You can check the posts that Satoshi made in this forum during 2010 and it is clear that he wanted BTC to grow as a trans-national currency. That said, it is true that he didn't mentioned anything about the taxation, either in the forum posts or in the original Bitcoin white paper (which was published in 2008).

7788bitcoin

legendary

Activity: 2282

Merit: 1023

Quote from: dothebeats on August 06, 2019, 05:03:17 PM

None that I can remember upon reading some of his posts and interactions with other notable figures in bitcoin. From the looks of it, Satoshi seemed to be that anti-government guy that wants things to stay clear of government intervention and control that's why he created bitcoin. Also, his views are mainly crypto-anarchism, so that per se explicitly states that he will never ever support taxation in any way or form.

In the beginning it is clear that Satoshi does not want any government eyes on the bitcoin platform as the government will have the power to shut down anything during inception of a ground breaking parallel economy and during the initial phase it was important that we have to stay low until we have enough miners and be truly decentralized so that no government could take down the entire network.
When Satoshi was active in the project there was no value for bitcoin so i am not sure whether he would talk about taxation in bitcoin during that time.

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: omonuyak on August 08, 2019, 01:20:19 PM

Though Satoshi did not mentioned any thing like tax in the bitcoin’s white paper that does not mean bitcoin will not be subjected to taxes! Governments all over the world will not allow that and that is why we are seeing different type of cryptocurrencies regulations issued coming up this days than the time when Satoshi was active.

The government sees Bitcoin as an asset belonging to someone, therefore, they need to tax it. I think this maybe some of the reason why Satoshi made Bitcoin, to become free from banks. And there's the government, making a lot of regulations just to collect some taxes from you. I think we are never gonna be free from the government once they knew what we owned.

Vishnu.Reang

sr. member

Activity: 1988

Merit: 453

Quote from: Pipdips on August 06, 2019, 02:44:58 PM

Did Satoshi ever mention anything about the taxing of Bitcoin?

I don't think that he has ever mentioned anything about taxation of Bitcoin. But enough evidence exists to prove that Satoshi Nakamoto had a negative attitude towards government taxation. Although he hasn't explicitly stated it, one of the purpose for the creation of Bitcoin may be to avoid paying taxes to the government authorities.

o_e_l_e_o

legendary

Activity: 2268

Merit: 18748

Quote from: Pipdips on August 09, 2019, 11:22:18 AM

Did Satoshi ever make a spelling error, or any kind of syntax errors? Satoshi's writing was executed so perfectly clear and free of any errors.

A few minor ones, such as "more smaller" instead of just "smaller", and "lets" instead of "let's", but as you say, his writing was generally very precise.

Quote from: Pipdips on August 09, 2019, 11:22:18 AM

o_e_l_e_o you seem knowledgeable, what do you think the story is behind Satoshi? Who, what, and where was Satoshi?

I wouldn't call myself knowledgeable, just that I've spent some time reading all of his writings and correspondence (which I would recommend to anyone who is genuinely interested in bitcoin).

Regarding his identity, I've honestly not really put much thought in to it. I think he was probably an individual rather than a group, and I think he was probably a male in his late 30s or 40s in 2009. Beyond that, I don't really have a desire to speculate. He went to great lengths to maintain his privacy and anonymity, and I think we should respect that.

iMark

sr. member

Activity: 1162

Merit: 251

Quote from: Nellayar on August 08, 2019, 06:48:32 AM

Quote from: dothebeats on August 06, 2019, 05:03:17 PM

None that I can remember upon reading some of his posts and interactions with other notable figures in bitcoin. From the looks of it, Satoshi seemed to be that anti-government guy that wants things to stay clear of government intervention and control that's why he created bitcoin. Also, his views are mainly crypto-anarchism, so that per se explicitly states that he will never ever support taxation in any way or form.

I did not also remember that I saw any taxation in bitcoin came from Satoshi Nakamoto. In fact, I think he does not want us to have negotiations against government since he want decentralisation and transparency among people. Well, we already paying indirect taxes in cryptocurrency. We just don't see it because it is in terms of satoshi only. Just like a fee in withdrawals or transferring btc to other wallet.

Of course, I'm sure Satoshi's idea in making bitcoin is because he wants to avoid all the rules and regulations that apply from the government, thats why he makes crypto anonymous and decentralized, of course he is very sad now when see there is a tax that is applied to its users

Pipdips

member

Activity: 210

Merit: 13

Quote from: o_e_l_e_o on August 06, 2019, 03:58:10 PM

You can have a look through all of Satoshi's writings here: https://satoshi.nakamotoinstitute.org/
And you can also have a look through all of his forum posts here: https://bitcointalksearch.org/user/satoshi-3

Did Satoshi ever make a spelling error, or any kind of syntax errors? Satoshi's writing was executed so perfectly clear and free of any errors.

o_e_l_e_o you seem knowledgeable, what do you think the story is behind Satoshi? Who, what, and where was Satoshi?

13abyknight

sr. member

Activity: 602

Merit: 252

Bitcoin was never meant to be regulated by any entity and therefore any talks about 'taxing Bitcoin' does not make much sense. Of course, looking at all the cryptocurrency regulatory rules that have been built by different countries kind of seems like a taxation on the currency itself and yet the only sort of 'fee' a Bitcoin user would be paying is the miner fee and nothing more.

maxreish

sr. member

Activity: 1330

Merit: 326

Quote from: el kaka22 on August 08, 2019, 02:10:01 AM

Quote from: Pipdips on August 06, 2019, 02:44:58 PM

Did Satoshi ever mention anything about the taxing of Bitcoin?

I really doubt Satoshi ever saw bitcoin becoming this big, he created something with the mindset of a person of academics and he was just focusing on making something that he thought would be a lot better alternative to fiat money but in the end he wasn't expecting millions of people trading billions of dollars everyday on a trillion dollar market.

Definitely, Satoshi never expected Bitcoin will grow up this huge that even governments tend to admire this technology. Hence, He didn't see this coming and never thought about taxes. All he wanted to do is to Bitcoin become more complex and convenient payment transactions with of course no third party involved but seems there are still glitches like taxes.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: ?? on ??

Government control of currency would be ideal if we had a perfect and honest governments.

I'm glad that with Bitcoin we can support our own form of money, one that can't be taken away if taken care of the right way. We can't and shouldn't expect governments to turn honest, but we can expect them to at least have some more respect for the people now they have their own money that can't be taken away from them.

In some states you can even pay your taxes in Bitcoin. Sure, it's still going through a payment gateway as we speak, but this is a first important step in the right direction, where the next step could be that some states will choose to accept Bitcoin directly. It would mean that governments take it serious enough to not have it converted to fiat and therefore value it above their own fiat currencies.

It tells me that if people and businesses no longer have an incentive to accumulate fiat to pay their taxes, and there is no payment gateway inbetween to sell these coins back to speculators, fiat's "intrinsic value" will be taking a massive hit since it is just a believe system.

vintages

full member

Activity: 966

Merit: 153

The question now is, will state governments issue mandated tax payment for every single person holding on or investing in Bitcoin?
For sure Satoshi did not mention taxation and it was obviously one of his major reasons for the creation of Bitcoin; to be free from tax. If the currency is not been controlled by any third party with trust, no need for tax.

However, IRS loves to go where there is much crowd, they see Bitcoin as a means many people use to escape tax payment more reason you see their involvement in it.

Ranly123

full member

Activity: 952

Merit: 104

★777Coin.com★ Fun BTC Casino!

Quote from: Pipdips on August 06, 2019, 02:44:58 PM

Did Satoshi ever mention anything about the taxing of Bitcoin?

I doubt he did mention any about taxing Bitcoin. Satoshi is not part of any government bodies to taxation on Bitcoin is also not part of his plan.

FanEagle

legendary

Activity: 2884

Merit: 1117

I guess if you are creating something that would replace the fiat currency and even if we consider all nations eventually having their own crypto currency and everyone in the world paying for stuff with their debit cards filled with national crypto and mobile apps and so forth (futuristic looking but it is actually doable right now, just needs adoption) you have to consider taxing.

It means if satoshi was actually hoping for all the fiat currencies in the world getting destroyed and instead whole world eventually starts using crypto that would mean he needs to consider taxing as well, crypto is just changing the shape of currency from fiat to digital whereas it does nothing for taxing, governments still need to tax and still need to rule the world over and without that we can't really hope for governments to make the country better (not like they use it for that but at least there are minor things get done).

Averim

member

Activity: 515

Merit: 12

Quote from: Pipdips on August 06, 2019, 02:44:58 PM

Did Satoshi ever mention anything about the taxing of Bitcoin?

That was the idea, financial freedom, no third party, the liberty of the crypto market as a response to the banks policy with fiat money. So there was nothing about taxering BTC.

Topic: Did Satoshi ever mention anything about the taxing of Bitcoin? - page 2. (Read 810 times)