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Re:Coinbase raises $100M Series D led by IVP by jorvi on Thursday August 10, 2017 @01:58PM (#14982325)
> Crypto could become the "people's" wealth vault, and undercut nations ability to tax & control markets by truly privatizing wealth. All it takes is MOST of us to decide.

You say that like its an admirable goal we should strive for. Taxes built the roads and bridges you drive on, the crystal-clean water that flows from your tap, the lines that your internet runs over, and the (admittedly glacial) bureaucracy that prevents your city, municipality, province and country from descending into unorganised chaos.

Re:Coinbase raises $100M Series D led by IVP by ringaroundthetx on Thursday August 10, 2017 @02:34PM (#14982708)
Roads, bridges and schools were built before national governments began passively levying taxes on income. this is a 100 year old concept.

Taxes on capital gains are a 70 year old concept.

Just recognize the amorality of it. It can only be billed as a "duty" for "roads and schools" when pandering to the lower classes who have no choice in the matter, while recognizing those classes have the numbers to get you in office. But "taxes" are not an absolute on the concept of how a government can fund itself. Governments have to balance the consequences of how they attempt to raise revenues, by being competitive amongst other countries, as their ecosystems primarily rely on attracting or incentivizing investment.

Re:Coinbase raises $100M Series D led by IVP by eliribble on Thursday August 10, 2017 @02:11PM (#14982468)
Just because tax enable those things in the United States right now does not imply that is the only way they could be provided
Re:Coinbase raises $100M Series D led by IVP by aresant on Thursday August 10, 2017 @02:07PM (#14982432)
I am illustrating use cases, not advocating.

The minute you realize the use case around privatization of global wealth you can begin to underwrite its probability.

Because the crypto platform provides the OPTION for that to happen at scale.

And crypto gives people globally the opportunity to make the decision and vote with their personal wealth (and mining power).