[javagram]

One of the main features of crypto is that it enables tax evasion. No need to worry about carrying suitcases of cash, gold or jewels onto an airliner anymore and getting caught when you want to move money across a border without a recorded transaction.

Supposedly that’s one reason it’s big in China since miners can generate coins to move wealth outside of the country more easily than moving their Chinese fiat.

[emteycz]

No, that supposition is absolutely wrong. You can lose your head for that in China, and Bitcoin is very trackable. Nobody is doing that.

[puranjay]

People owning their own money outside of autocratic state control is now a bad thing?