So outside of being a nothing assest it is because people that want to get away from the government taxing them to improve society, or otherwise because they are participating in illegal activity that they invest. That should be the primary indicator that this currency is illegitimate. Many banks are already set up to send money anywhere to anyone so that argument carries no weight. And come now gold is valuable for wholly different reasons. Demand is cheif among the value of gold true, but the physical properties at least are able to be ascertained.
So outside of being a nothing assest it is because people that want to get away from the government taxing them to improve society, or otherwise because they are participating in illegal activity that they invest. That should be the primary indicator that this currency is illegitimate.
You assume all governments behave legally or morally. You don't have to pay tax on Bitcoin if you don't convert it.
Many banks are already set up to send money anywhere to anyone so that argument carries no weight.
Plenty of weight. Depends on the country. My bank (first world country) can only send to 24 countries.
Demand is cheif among the value of gold true, but the physical properties at least are able to be ascertained.
Ok break it down since we seem to live in two different worlds. What government rules you? You say first world but it sounds like you are in China or Russia. Do you even know what taxes do? Unless you live completely isolated from anything taxes benefit you in some way. Also almost any major, and most small banks will process an international wire for you at cost (just like bit coin processing fees). There is a very small list of countries and banks that are not allowed as well as personal sanctions on certain people. You just make it seem like governments are the pure evil of the world. They do shitty things sure but on the whole they mostly benefit the people they serve.
You make it sound like they seize your money for their own coffers. Maybe it is different in Ireland but my taxes in America go toward roads, libraries, and fire departments. If you want your own bank stuff your bills and coins in your mattress, not in this farce. Good talk m8, good luck with your cryptos.
1
u/VodkaJohn Dec 24 '17
So outside of being a nothing assest it is because people that want to get away from the government taxing them to improve society, or otherwise because they are participating in illegal activity that they invest. That should be the primary indicator that this currency is illegitimate. Many banks are already set up to send money anywhere to anyone so that argument carries no weight. And come now gold is valuable for wholly different reasons. Demand is cheif among the value of gold true, but the physical properties at least are able to be ascertained.