Chips we can trust

Brilliant point… :smiley:

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But they live somewhere under a government which will require they pay taxes. In most governments it’s worse. Maybe they live where they have to pay a VAT. Maybe they live in Russia where it’s banned entirely.

Unless they live in a place where cryptocurrency is tax free they’ll have to pay taxes.

As for Bitshares most developers are from the USA or China. Some are from Europe. They all pay taxes.

I cannot speak for NXT. And Satoshi Nakamoto didn’t have to pay tax because he and or she doesn’t spend any of his Bitcoins and he and or she is completely anonymous. The developers who are not completely anonymous can be coerced by governments.

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But we are moving to a system where it doesn’t look the state will be able to confiscate the relevant digital equipment. I do think the taxes remain for a while at least.
Still we have never ever had a more empowering technology, we have to seize the opportunity because it could be turned around on us.

I think the majority of people using DASH, Monero, and soon bitcoinDark and safecoin are doing so because they don’t want to pay taxes. These coins hide your wealth.

If Intel chips are a problem, then buy a chinese risk-based processor system and hack in linux (use my Anonobox if you like, I’ve done the work for you), and just use the box for your crypto transactions - no personal information.

If the IRS thinks that too then wouldn’t the IRS investigate the few thousand people using those coins?

The ability to hide your wealth with these crypto-technologies relies on anonymity, hence the ability for the IRS to investigate these ‘few thousand people’ is null.

  1. Don’t underestimate the IRS or any government agency.
  2. Don’t assume anonymity will protect you for or that it’s truly anonymous.
  3. Most developers aren’t anonymous.
  4. If you get rich or want to get rich you’ll have to give up being anonymous.
  5. Anyone who mysteriously gets rich or who spends a lot of money from no where will be investigated by multiple agencies.
  6. Anyone who has voiced support for certain projects, visited certain websites, or shown any sign at all at being involved with crypto is probably on a watch list.
  7. Anyone intelligent enough to work on these sorts of projects or who has a deep understanding of cryptography, blockchain technology, DHT, PGP, Tor, are probably on a watch list because there aren’t many people with that level of understanding.
  8. Anyone in a position to make or design chips are probably on multiple watch lists and probably targets for espionage by foreign governments.

It’s very unlikely anyone will be able to hide large amounts of money from the IRS and also be able to spend it. You could certainly hide it if you never plan on spending it but the moment you start to spend it then someone will notice that you’re living above your means and then you’ll be investigated.

As for anonymity it requires an extreme amount of paranoia and discipline to maintain that. It means you cannot have friends, you cannot do certain things, and you make one mistake and it’s over. It’s certainly possible to do it but you would have to be like Satoshi Nakamoto. If you haven’t noticed Satoshi Nakamoto hasn’t been spending his Bitcoins.

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Sounds like you’re ready for your chip son. Would you like it subdermal or ingestible? :smile:

If the situation gets that bad none of us would even know we are chipped/bugged/tagged. On the other hand don’t be surprised if it does happen once nano technology allows governments to do it on the sneak.

We live in the same world where governments commit genocide, where a holocaust happened, where torture is allowed, yet you think somehow governments would be afraid of crypto-anarchists?

If we are to have an honest discussion then we cannot put any artificial restraints on government. We can look at the evidence of what governments have done in the past, and we can then scale up the technology to try to figure out what for example Stalin would have done with nano technology, or what Hitler would have done, or what the NSA post Snowden leak might do in 20 years with nano technology.

It’s an arms race. In World War 2 the governments both funded the code makers and code breakers. The enigma machine was broken by the code breakers and they thought enigma was unbreakable. At best SAFE Network would be like a distributed enigma machine but that doesn’t mean it wont ever be broken and it would be naive to think they wont put their best minds on breaking it.

It is good to be aware of what sociopaths in high places are capable of but there is always a wild card, there is always an unintended consequence that they could never factor into the most advanced algorithms. It is better to be awake to the beautiful things in life, always moving forward never in fear. There are multiple technologies being developed that make access to information more free and more censorship resistant and this is what is good to focus on. I appreciate your passion for closely watching the technologies that could be used for total world domination. Do not let that cloud your appreciation for the wildcard, the black swan, the unintended consequence.