The @FBI sold the 144,336 bitcoins its confiscated from Silk Road for $48 million. They would now be worth $2.4 billion
— zerohedge (@zerohedge) December 14, 2017
DON’T ASK THE FBI FOR INVESTMENT ADVICE
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What happens when all the people doing business in crypto have no income to declare to the IRS? Do you really think the State will let people circumvent their tax collection?
What’s to prevent governments from mandating that records of all cryptcurrency transactions be made available? If this is technically possible, then it will certainly happen, and there goes the anonymity that cash has offered for centuries. Our lives will then become even more transparent and controllable than they already are.
Because you know they will Stucky
Governments will always follow the money and extract it from it’s citizens.
When the shit hits the fan and there’s no income, governments will always do what they have to do.
They are just waiting in the wings, to see how this Bitcoin thing plays out, and if it does, PRESTO!! new laws will be enacted to force extraction.
This time will be no different…….
The government will go fishing where the fish are at.