a public, transparent ledger is every tax mans wet dream.
Discussion
Tell me which UTXOs I have control over 😂
i dont know but the tax man knows when you ever used a CEX.
Simple enough to mix, acquire no KYC via dex or P2P. Tax man also cannot stop me from controlling my bitcoin and cannot take it from me.
The tax man also has full control and knowledge of fiat earnings and banking. They can garnish wages and freeze or confiscate any fiat bank account funds with a simple letter. Opaque private ledger is worse tech because users have zero control or knowledge of what goes on there.
thats absurd.
an opaque ledger is programmatically determined just like an open ledger.
end users can absolutely have knowledge of what is happening there.
on that note,
when was the last time you personally verified the Bitcoin utxo set?
"my system sucks but the system we tried to replace also sucks, therefore my system sucks less"
That’s a fallacious statement called a strawman.
Let me guess you’re a monero guy 😂