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Comment by siwatanejo | Hacker News Reader

> One day maybe

TBH, I doubt it. Don't get me wrong, I sympathize with your values. Heck, I'm even called 'woke' by most people around me. Yet I understand that in this day in age, thanks to cryptocurrency, money is and will be a private matter. No government will be able to confiscate your wealth, at least to the extent that your wealth doesn't depend on assets related with the government (e.g. real estate is related given that you need to pay taxes to maintain it).

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you don't pay tax because the government controls the issuing of money.

You pay tax because if you don't some large men will come to your house and make you pay tax.

this isn't a knock on the system; without some sort of centralised governments things tend to fall apart and then recreate themselves again. Even in the most lawless places someone steps in to perform the role, and usually they're much worse than a legal system with checks and balances.

Also important to keep in mind that, to a good degree at least in liberal democracies, the large men that come to make you pay tax exist because your neighbors think they should exist.

Every human, everywhere must contend with large men coming and taking their stuff. I have very little to no first hand experience with alternatives to liberal democracy. Persuading my neighbors to take more or less seems a whole lot easier than any of the alternatives I'm aware of.

All assets depend on the governemt. You own land, that’s because the government allows it, you own a company, not if the government doesn’t let it exist.

What part of my comment did you miss? I already mentioned government-related stuff. Cryptocurrency is not government related.

Sorry to say the government can take away your cryptocurrency

It’s also a worthless number until exchanged for something real.

The state can (and does) tax cryptocurrency. Why wouldn’t they be able to?

You're talking about capital-gains tax generated from the appreciation of cryptocurrency (only if you sell it). There's no tax for sitting on your cryptocurrency alone.

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