Back in the early 1980's My part of the country was in a huge recession. Peoples selling their houses for 1$ and walking away .
A free buy and sell paper had ads offering people to sign up and trade services for services, or goods etc.
I traded a transmission out of an old car for an overhead garage heater.
I then traded the electrical system to run a grow op to a licensed plumber for his services to install it.
For the special chimney required I traded a electric sewing machine.
There was no crypto back then.
Well this trading started catching on ,there were lots of ads in that free ad's paper from people looking to trade for all kinds of things .
9 months went by, then the local government started having the media slam the traders for being tax evaders, unpatriotic ,and all the usual BS .
The next thing I knew the free ads paper ran a banner saying no more trade ads allowed.
That was the end of our public barter system .
Government crack down . I wonder what this year will be like for BTC with so much bad media ( government )
publicity .
The problem with the barter system are actually manner. it will be highlighted below;
1. problem of getting the person who needs what you want to exchange, and has what you need.
2. Problem of ending government revenue through such system.
The first problem was solved via the invention of money, with money you could buy anything without having to exchange another thing for it.
The second, the government needs funds to continue its operation and providing public services. so, banning such batter system would be a good option or looking for a way to tax such transition would be a better option.
At this point, I don't think the government will do anything drastically about Bitcoin. Not when institutions are rallying to buy it and billionaires are supporting it. You see... politicans do not rule the world. They are merely puppets. The billionaire Chamath Palihapitiya said it: "there are about 150 people who run the world – [they’re not politicians] anybody who wants to go into politics, they’re all f**king puppets.There are 150, and they’re all men, who run the world. They control most of the important assets and the money flows – they are not the tech entrepreneurs."
Yes, that is a fact. I believe that the government cannot ban or unfairly regulate what it is generating revenue from. But, i feel that a government would do anything to tackle a system that makes it impossible to generate funds, such as the barter trading. In fact, the problem with the batter system is higher than this...
[moderator's note: consecutive posts merged]