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RE: Tom Lee: There's roughly $25 Billion flowing out of the crypto markets related to taxes

in #cryptocurrency7 years ago

Funny thing is, if their fiat currency tax system was replaced by a totally transparent and open source encrypted distributed ledger system with basic kyc in this case C stands for citizen, based on the priciples of fair trade and democracy then we wouldnt see this because fraud would be impossible. But with a distributed ledger system we would never feel tax pains like we do with a debt based system anyhow, or have global market collapses. Etc