Do the IRS really carry guns? The man-power needed and costs to enforce collection of coins means this doesn't scale well for the state
Re:The Guns of Bitcoin (2017)
by inscionent on Tuesday July 21, 2020 @03:15PM
(#23909928)
They have guns and a yearly budget of US$1.2 billion
Re:The Guns of Bitcoin (2017)
by WorldMaker on Tuesday July 21, 2020 @03:26PM
(#23910026)
They are notorious for "always" catching their criminals, too. Local law enforcement of many stripes in multiple states tried to catch Capone, but in the end it was the Revenuers that caught Capone on tax evasion.
Re:The Guns of Bitcoin (2017)
by Sschellbach on Tuesday July 21, 2020 @03:32PM
(#23910093)
For every Capone there are thousands of people you never heard of successfully evading taxes
The state can demand, using their guns, that you pay them in the coin of their realm.
At that point, you need to come up with those coins, or face their guns.
You can have your BTC be decentralized and seizure-resistant at that point, but that will not stop the Leviathan from jailing or killing you. The "guns" of the article are the actual guns of the IRS.