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by acdha
1416 days ago
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This is like thinking that you can avoid paying taxes if you do all of your work using cash, except using something more easily traced by the authorities. You might think it sounds bold as internet tough-guy talk but increasingly it just means you're self-isolating as increasing fractions of the economy are unavailable to you. Since real businesses don't use Bitcoin, you're either going to lock yourself out of normal life or have all of this information at exchanges where the authorities set legal requirements. The problem with this is the fringe libertarian fantasy of thinking that you can be a society of one. It's not just you reporting transactions but everyone you do business with, and these things chain — e.g. maybe you can do work under the table for a while but then you want to buy things like cars or houses and your lack of visible income catches up with you, or someone you do business with gets caught and opts for a lower sentence by identifying their partners. The level of risk and lifestyle restrictions mean this isn't appealing for most people, especially given the entirely philosophical benefits. |
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