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<blockquote data-quote="Colt45" data-source="post: 356641" data-attributes="member: 1693">You just identified what I believe is the problem with bitcoin and crypto, it eliminates the government from your checkbook. I hope it continues that way, but I have no doubt the government will crush crypto at some point and regulate it. The bad thing with digital currency is EVERY transaction is recorded and stored, which is what they want so they can get their &quot;fair&quot; share in taxes. They will know exactly how much ammo you have purchased for instance, and what guns you have purchased, etc.....That is what big corrupt government wants and I believe that's the end game. Hence, the hesitation to invest money in crypto, at least for me. The future is uncertain and unknown, and I dont think crypto future is going to be positive for the honest people who actually work for a living.Just my take, we will see what actually happens, the FTX dude and his trial might pave the way for big government regulation (taxes and transaction tracking)</blockquote>

[QUOTE="Colt45, post: 356641, member: 1693"] You just identified what I believe is the problem with bitcoin and crypto, it eliminates the government from your checkbook. I hope it continues that way, but I have no doubt the government will crush crypto at some point and regulate it. The bad thing with digital currency is EVERY transaction is recorded and stored, which is what they want so they can get their "fair" share in taxes. They will know exactly how much ammo you have purchased for instance, and what guns you have purchased, etc..... That is what big corrupt government wants and I believe that's the end game. Hence, the hesitation to invest money in crypto, at least for me. The future is uncertain and unknown, and I dont think crypto future is going to be positive for the honest people who actually work for a living. Just my take, we will see what actually happens, the FTX dude and his trial might pave the way for big government regulation (taxes and transaction tracking) [/QUOTE]

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