RE: South Korea: One More Reason to Consider Decentralized exchanges (i.e. Bitshares)
Absolutely agree with you! I use only BitShares. I don't want to be screwed by any tax collectors of this world and BitShares is actively supported. Charts was sucking for a while but just today I found out that they were improved recently.
I will pay taxes because I know that for functioning of a society this funds collected is essential but politicians must come to the awareness that they actually need us not we them. They are in our service and payed by us and thought must show much greater responsibility to us. Cryptos will help to force them to be as such.
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I agree. I pay taxes as it is hypocritical to expect any form of government service if I didn't. My government in Canada is very lenient on cryptocurrencies, and there are many ways of cashing out and sheltering your gains in a legal manner while being completely transparent with Canada Revenue. I would hope smart governments continue to coexist with this growing market, because people will trade in cryptocurrency no matter what knee-jerk reaction a government has. South Koreans are going to be trading just as much, and probably even more through other avenues, their government has only lopped the top of the iceberg off.
Yeah, and frighten people of South Korea which is not a good thing. Frighten people become even more akin to use cryptos. Eventually they will circumvent society infrastructure (tax system and political system) and it will turn out much worse for governing establishment. Politicians of all nations should also have to start finding solutions for this big transformation. If they will not do so they will be overrun by crypto evolution.