27 May '14, 9am

Surely the Government has the right to tax fiat?: Since fiat is a product developed by the Government, doesn't...

Since fiat is a product developed by the Government, doesn't it have the right to tax it? For example, if Satoshi Nakamoto or Sunny King or any other developer created a new cryptocurrency called "Taxcoin" and put a tax into the protocol, then obviously by choosing to use that alt-coin, you are accepting the tax that's built into the system. I think there have been coins like this. Freicoin had 80 percent of the mining profits redirected to the developers for donation to charitable causes. Devcoin also has 90 percent of the mining profits go into open source projects and 10 percent to miners.

Full article: https://bitcointalk.org/index.php?topic=626803.0

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wordwide government to regulate /tax BITCOIN ?:...

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