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Austin
2406d
The first country to fully embrace Bitcoin Cash without regulations could easily become one of the wealthiest countries in the world.
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Sk8eM dUb
replied 2406d
I highly recommend the recent podcast with Calvin Ayer https://m.youtube.com/watch?v=qVUY3G8_ViM
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Simon Van Gelder
replied 2406d
Those that accept it without regulations are more than a country to begin with.
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3,000
replied 2405d
How will they tax people?
Austin
replied 2405d
By accepting Bitcoin Cash. It's pretty straight forward.
replied 2405d
They can't know how much to tax who.
Austin
replied 2405d
Taxes existed with gold, fiat, and fractional reserve fiat. They will continue to exist with crypto. If citizens hide their wealth governments will just charge taxes on money spent.
TrashPosterInTheDark
replied 2406d
But private banks own countries and are filthy rich without bitcoin.
Austin
replied 2406d
But even banks have a lot to gain by adopting cryptocurrency and making money from the fiat<->crypto conversions. We're way too early to see either of these things though.
TrashPosterInTheDark
replied 2406d
Banks have more to lose with cryptos than to win (ability to print money out of thin air).
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Sk8eM dUb
replied 2406d
Adopting crypto would force them to innovate. Never underestimate the ability of lazy people to fight for the status quo. These are clock punchers that would have to become creatives.
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