Topic: Taxes from the crypto industry will go to combat pollution. - page 2. (Read 371 times)

There are many logical error in your opener post:

Taxes usually collected as a "revenue" for the government budget. It's up to them to allocate the funds.

So if a blockchain technology is used for pollution control, then government would accept all other cryptocurrency? Logical error #1
What's the connection between blockchain for pollution control and taxation? Logical error #2

You need to study more about blockchain technology!

There is absolutely nothing we can do. Taxes and its usage are the income of the government and they are the supreme authority on what needs to be done with it. So we don't have any control over it.

Definitely we can start expressing our intent through various channels so that it reaches to the highest level of the government, but at the end of the day it's their call to decide. No doubt it is a noble thought but not within our control.

Of course they will tax, why will they give you possibility to use alternative method and be tax free in some subjects. Also if you see, a lot of things were available in past but once they become abused, governments take control on it, same happens on bitcoin and on altcoins too, they see it's becoming popular, more and more people are moving on it, this isn't what government wants. If situation and users of bitcoib would be like it was in 2010, then government wouldn't care about it.

This mentality is a such a hindrance to crypto in general. I've been called an idiot on this forum for suggesting that perhaps every industry in the world doesn't have a requirement for blockchain by some users who thought that blockchain will revolutionize literally every industry. There are too many people just spewing nonsense like "increase transparency", "increase efficiency" and "decrease corruption", without offering a single technical detail as to how they plan to achieve all these things. "Focus blockchain on pollution control" doesn't even make sense as a sentence I'm afraid, OP. Blockchain is just a ledger, nothing more. You might as well be saying "Let's focus the Excel Spreadsheets on curing cancer".

To answer the wider point, it's never going to happen. We have the technology and the tax money as it is to protect the environment and deal with pollution. Take the US budget for this fiscal year, as an example (https://www.whitehouse.gov/wp-content/uploads/2018/02/budget-fy2019.pdf). The Environmental Protection Agency was handed a 34% cut in funding, receiving a total of $5.4 billion. Meanwhile the Department of Defense was handed a 13% increase for a total of a whopping $686 billion, 127 times higher than the EPA. The US spends more on defense then the next 10 countries combined. The US could easily start switching to green energy and cutting emissions massively, if there was the political will for it. There isn't. Politicians are bought by big polluters. If and when we reach a point where crypto is consistently taxed, that tax money will follow party lines, as does all tax money.

It can't be done. No one will accept that billions of dollars in tax are directed to one thing only. The government have to be responsible with tax funds and divide them in a way that people deem to be appropriate. For some people that might be entirely in to protecting the environment but for others it would be none at all.

It would be nice if all the taxes from cryptocurrencies were indeed used for solving environmental issues. For now, though, I think what's more realistic is starting a charity in cryptos for this matter. It might also be a good thing to offer people choice: they can either transfer money to their government as taxes or transfer the same amount of money for environmental issues. Now, the problem is that there are various organizations and no 'world government'. How do we decide who gets to tackle these problems and receives all this money and responsibility? As for all of the taxes from cryptos going on ecology - I bet many governments will oppose this idea, because they don't want to be deprived of new potential incoming funds.

The blockchein technology is a damn database, there is no magical technology behind it that will combat pollution.
Contrary to what scammers tell you in the ICO section, the blockchain can't transport people, grow food or make wine out of water.



Oh great, more taxes.
Taxation on pollution is not reducing pollution, it just makes the ones that afford it able to pollute as they wish.


Can't and won't.

There is a problem in there and that is the institution that will make it happen, and let's face it there will be no institution that will do it out of charity alone and if there is there will always be a chance of curruption to it even if it is in a block chain.

I think that governments and financial institutions can try to tax everything which is in touch with cryptocurrencies, but I think that they can not control everything inside crypto ecosystem because of cryptocurrencies true nature which is unstoppable. How they gonna tax my BTC transaction if they do not know who is behind it.
Look whats happening in France about fuel taxes, something similar will happen when cryptocurrencies adoption comes to life and if they want to raise taxes above moderate heights.

Every day our planet becomes more and more polluted by human activity. And what if the advanced blockchein technology is focused on pollution control. All governments and international financial institutions that are willing to accept cryptocurrency will tax all cryptoexchanges, ICO projects, and other areas that use cryptography. These taxes are used with blockhein in projects to clean and protect the environment. Share ideas. How can this be done?