Re:Swiss to vote on preventing cashless society, pressure gr...
by unicornmama on Thursday February 16, 2023 @06:26AM
(#34817380)
It’s not just about exchanges it’s about taxation. So long as governments can enforce taxation (e.g. income, sales, VAT). They maintain the power to restrict mediums of payment.
The world your proposing isn’t just about upending financial plumbing. It’s predicated upon uprooting government financial regulation. That would send us back to the dark ages of finance. That’s not something I support.
Re:Swiss to vote on preventing cashless society, pressure gr...
by livueta on Sunday February 26, 2023 @05:06PM
(#34950037)
Sorry, completely forgot about this thread.
> It’s predicated upon uprooting government financial regulation.
Imo this is a positive, but that's a little besides the point - it is inevitable in the same way that encrypted communications are inevitable and don't care whether Australia decides its laws trump the laws of math. If you care about the ability to maintain taxation, etc, then riding the wave is vastly preferable to being crushed by it.
...from KYC exchanges. There's already tons of non-KYC darknet exchanges that will happily take your btc and give you xmr, at which point you're off to the races. Any attempt to extend requirements at KYC exchanges would spur further developments in non-KYC/decentralized swappers, as we've seen so far.