Well, I didn’t need someone selling me to stop holding money in a bank, but if you ever needed a push to just hold your saving in #bitcoin this is it. Where not having any yield is a winner!!!
And the HMRC can look into everyone’s bank account?
Hey dudes, Orwell called that said you’re taking the piss on the dystopian future!!!
Creepy. The UK is finished
We’re going to pay you a pittance that by no means off sets our massive money printing, but we then feel the need to hunt down the tax on that interest, because it “belongs to us”. It is properly malicious.
The UK has embraced communism really well. I advise all young people to get out while you can.
Do you realize that the government knows your btc address when you bought on a CEX and they can track your balance better than on your bank account?
Bitcoin is not the solution for your problem.
It’s not about knowing what I have, rather being able to take what I’ve earned without my approval.
When they know what you have, they will come to your door and take it after they wrote into their magic law book that they can do that.
Maybe it’s better to be able to defend what one rightfully owns rather than have it taken from without consent (both this example of taking it from a bank account and through inflation). The Bitcoin is not perfect, but if we’re not careful, the best can be the enemy of the good.
How would your example with the HMRS be different with bitcoin? They know you have it, they invent some tax on BTC holdings and there you go.
BTC is a surveillance nightmare. This is why the states allow it.
But less of a nightmare that the current system. But using lightening and e cash help with this. I’ve never used Monero, but I hear that too isn’t perfect.
In the current system, the bank and the government can know your balance and transactions.
In BTC, it is everybody in the whole world.
