On: DARPA study challenges assumptions about distribut...

[ren_engineer]

people being able to dodge taxes using crypto is an existential threat to the US military, probably a bigger threat than China.

With the US economy tanking and inflation rampant the conditions are ripe for people to just go around the traditional financial system with crypto. BRICS are already talking about dollar alternatives as well

[kkielhofner → ren_engineer]

I’ve always wondered about this perspective.

Governments and taxing authorities have been collecting revenue, chasing down cheats, jailing them, etc for thousands of years.

I don’t see how this changes all that much with cryptocurrencies.