#Bitcoin layer 1 is for very large transactions cuz the fees will make it impossible for normal people - it is more like corporation or sovereigns transacting ..
You want this layer to be public ..
Normal people will use layer 2 - which is almost like cash ..
So #Bitcoin kills two birds with one stone :-)
It brings transparency where it is needed ..
It brings privacy where it is needed ..
Point being - the privacy debate on #bitcoin is overblown ..
As far as the tax conversation - layer 1 buyers and sellers must pay taxes .. if due !
As far as the layer 2 users are concerned - most jurisdictions already ( or will ) allow certain threshold for peer to peer .. for most people it would be good enough till the laws became clear .. and again cost of tracking micropayments for tax is more than the tax itself !
