Right. You can do all this stuff now, but with cash. If you don't want to report it, you don't have to. But you're still breaking the law and subject to serious penalty if the right people find out.
Also, all it takes is one lawsuit from an angry customer to pull back the veil on the ethereum libertopia, free of taxation and regulation, you've created.
Comments
and would be free of taxation and government regulation
Laws do not magically vanish when something goes into a blockchain.
Right. You can do all this stuff now, but with cash. If you don't want to report it, you don't have to. But you're still breaking the law and subject to serious penalty if the right people find out.
Also, all it takes is one lawsuit from an angry customer to pull back the veil on the ethereum libertopia, free of taxation and regulation, you've created.