Why Crypto Should not be Taxed

 Before I begin I would like to first state that I will support taxes being paid from the source of crypto and I am not arguing in any way, I am simply saying some facts about why parts of cryptocurrencies should not be taxed.

 The First reason that Bitcoin and Altcoins should not be taxed is due to the fact that the majority of them are decentralized which means no one or group of people control the currency, and since crypto is used world wide, if one country taxes the coin, then what's stopping another country from taxing the same thing on the same people? 

The main part of the tax plan that frustrates me the most is the fact that all trades or transactions can be taxed, so that means if I convert my Bitcoin to Litecoin that gets taxed. The point of time that I believe should be taxed is when you convert that crypto into a Fiat currency since that is when you are interacting with the government money. 

 If the governments want to tax cryptocurrency then I believe they should create their own government backed cryptocurrency. Which would also help a lot of people make the jump into cryptocurrency, however this somewhat defeats the purpose of cryptocurrency in my opinion, but I do believe that this is a more reasonable approach to this problem.