Government money is constantly depreciating because they are susceptible to inflation, new unsecured banknotes are printed uncontrollably, which ultimately leads to inflation of inner debts and, in my opinion, sooner or later the global financial system will collapse.
If bloated state debts manage to depreciate faster than to accumulate, just due to the depreciation of national currencies, why should the financial system collapse from this? It’s just that some countries benefit from such a model, while weaker countries are forced to pay for its use. But in general, for now it suits those players who can impose their position on others.
Topic: Do I really have to pay taxes on crypto investments? - page 11. (Read 2482 times)
Government money is constantly depreciating because they are susceptible to inflation, new unsecured banknotes are printed uncontrollably, which ultimately leads to inflation of inner debts and, in my opinion, sooner or later the global financial system will collapse.
If bloated state debts manage to depreciate faster than to accumulate, just due to the depreciation of national currencies, why should the financial system collapse from this? It’s just that some countries benefit from such a model, while weaker countries are forced to pay for its use. But in general, for now it suits those players who can impose their position on others.
Government money is constantly depreciating because they are susceptible to inflation, new unsecured banknotes are printed uncontrollably, which ultimately leads to inflation of inner debts and, in my opinion, sooner or later the global financial system will collapse.
Any national currency of a developed country is much better than some kind of unknown cryptocurrency.
It is convenient while it is, and what will happen, for example, in case of default? It is obvious the dollar will be the last one to collapse, but in other countries people will lose fortunes.
Any national currency of a developed country is much better than some kind of unknown cryptocurrency.
National cryptocurrencies are the same crap as regular national currency. They can be limited in any coins, release as many as you like, and still block the unwanted wallet. Venezuela has already shown that if the economy does not pull, then the nat. crypt will not help.
In theory, yes, all these potential negative aspects are possible, but this, firstly, does not depend on us, therefore, if desired, the government will introduce it and will not ask us. And secondly, since cryptocurrency is largely based on the originally laid down algorithm, it is theoretically possible that both transparency and irrevocability of transactions will remain, and then wallets will not be subject to blocking, although it may be naive to hope for this. National cryptocurrencies are the same crap as regular national currency. They can be limited in any coins, release as many as you like, and still block the unwanted wallet. Venezuela has already shown that if the economy does not pull, then the nat. crypt will not help.
In theory, yes, all these potential negative aspects are possible, but this, firstly, does not depend on us, therefore, if desired, the government will introduce it and will not ask us. And secondly, since cryptocurrency is largely based on the originally laid down algorithm, it is theoretically possible that both transparency and irrevocability of transactions will remain, and then wallets will not be subject to blocking, although it may be naive to hope for this.
National cryptocurrencies are the same crap as regular national currency. They can be limited in any coins, release as many as you like, and still block the unwanted wallet. Venezuela has already shown that if the economy does not pull, then the nat. crypt will not help.
Charged taxes will be inserted into the smart contract automatically with such a system. In general, depending on how you build a blockchain. For example, they will make the blockchain a new completely open one and assign a number to everyone and there will be total control.
I believe that if the whole world starts using bitcoin at the same time, then the network simply can not withstand such a load, as a result, the commission to miners will increase significantly. The network is not yet ready for daily microtransactions, in the proposed volumes. The Bitcoin system is gradually adapting to the increase in load and not all issues have yet been resolved.Charged taxes will be inserted into the smart contract automatically with such a system. In general, depending on how you build a blockchain. For example, they will make the blockchain a new completely open one and assign a number to everyone and there will be total control.
I believe that if the whole world starts using bitcoin at the same time, then the network simply can not withstand such a load, as a result, the commission to miners will increase significantly. The network is not yet ready for daily microtransactions, in the proposed volumes. The Bitcoin system is gradually adapting to the increase in load and not all issues have yet been resolved.Charged taxes will be inserted into the smart contract automatically with such a system. In general, depending on how you build a blockchain. For example, they will make the blockchain a new completely open one and assign a number to everyone and there will be total control.
I believe that if the whole world starts using bitcoin at the same time, then the network simply can not withstand such a load, as a result, the commission to miners will increase significantly. The network is not yet ready for daily microtransactions, in the proposed volumes. The Bitcoin system is gradually adapting to the increase in load and not all issues have yet been resolved.
Charged taxes will be inserted into the smart contract automatically with such a system. In general, depending on how you build a blockchain. For example, they will make the blockchain a new completely open one and assign a number to everyone and there will be total control.
in this case, the current structure of the “state” itself will change. it will simply cease to exist. there are already examples of such states, though this is only an alpha version
If you remove the fiat currencies, the state will die, because there will be no opportunity to receive taxes from citizens, no one will develop the infrastructure of cities and states, since everyone will stop spending bitcoin, and only begin to increase it. Most likely there will be an equivalent of fiat, but in cryptocurrency that will be tied to the Bitcoin exchange rate, for example, and thereby it will be possible to control the circulation of funds and receive taxes. That will allow the country and officials to exist.in this case, the current structure of the “state” itself will change. it will simply cease to exist. there are already examples of such states, though this is only an alpha version
If you remove the fiat currencies, the state will die, because there will be no opportunity to receive taxes from citizens, no one will develop the infrastructure of cities and states, since everyone will stop spending bitcoin, and only begin to increase it. Most likely there will be an equivalent of fiat, but in cryptocurrency that will be tied to the Bitcoin exchange rate, for example, and thereby it will be possible to control the circulation of funds and receive taxes. That will allow the country and officials to exist.in this case, the current structure of the “state” itself will change. it will simply cease to exist. there are already examples of such states, though this is only an alpha version
If you remove the fiat currencies, the state will die, because there will be no opportunity to receive taxes from citizens, no one will develop the infrastructure of cities and states, since everyone will stop spending bitcoin, and only begin to increase it. Most likely there will be an equivalent of fiat, but in cryptocurrency that will be tied to the Bitcoin exchange rate, for example, and thereby it will be possible to control the circulation of funds and receive taxes. That will allow the country and officials to exist.
in this case, the current structure of the “state” itself will change. it will simply cease to exist. there are already examples of such states, though this is only an alpha version
Imagine that all countries at once eliminate fiat and accept Bitcoin as the main means of payment. How much will human life change? How will taxes be collected and salaries paid under such a system? How will financial transactions between people be made? Will states be able to function normally under such a system? If so, how will this change the structure of the state that is familiar to us?
This is not possible at the current stage. The speed of transactions and the cost of a single transaction will not allow for the direct use of the Bitcoin blockchain to replace all fiat currencies in general. While there is no solution to these issues, we can only talk about the transition to decentralized cryptocurrencies in theory. Imagine that all countries at once eliminate fiat and accept Bitcoin as the main means of payment. How much will human life change? How will taxes be collected and salaries paid under such a system? How will financial transactions between people be made? Will states be able to function normally under such a system? If so, how will this change the structure of the state that is familiar to us?
This is not possible at the current stage. The speed of transactions and the cost of a single transaction will not allow for the direct use of the Bitcoin blockchain to replace all fiat currencies in general. While there is no solution to these issues, we can only talk about the transition to decentralized cryptocurrencies in theory. Imagine that all countries at once eliminate fiat and accept Bitcoin as the main means of payment. How much will human life change? How will taxes be collected and salaries paid under such a system? How will financial transactions between people be made? Will states be able to function normally under such a system? If so, how will this change the structure of the state that is familiar to us?
This is not possible at the current stage. The speed of transactions and the cost of a single transaction will not allow for the direct use of the Bitcoin blockchain to replace all fiat currencies in general. While there is no solution to these issues, we can only talk about the transition to decentralized cryptocurrencies in theory.
Imagine that all countries at once eliminate fiat and accept Bitcoin as the main means of payment. How much will human life change? How will taxes be collected and salaries paid under such a system? How will financial transactions between people be made? Will states be able to function normally under such a system? If so, how will this change the structure of the state that is familiar to us?
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