"I think the goals of this project are to create a better currency, create a more competitive and efficient international payment system, and give people more direct control over their finances. And I don't think any of those goals are incompatible with the goals of government."
Aren't these goals are completely at odds with the goals of the government, or do I read too much Chomsky?
If the government doesn't have a backdoor in allowing them to track and/or tax every transaction, you bet your ass it's incompatible with the goals of government!
With bitcoin, they do. No backdoor, but the entire transaction log is public. It's even easier for the tax man because they don't have to query data from banks. Bitcoin is not a tax avoidance scheme and never meant to be.
The sooner they come up with a legal way to tax bitcoins, the better it is for business adoption, I guess...
More like, it's completely at odds with the BIS and their private reserve bank international monetary system. If bitcoin manages to disrupt that, hoo boy will we be living interesting times then.
Aren't these goals are completely at odds with the goals of the government, or do I read too much Chomsky?