Comment by orwin

I'm anti-bitcoin, and pro-crypto. I think the only thing that should be taxed is wealth, regardless of debt, and not work or transactions; so state don't need to monitor financial transaction at all. BUT bitcoin is not a smart crypto: its inefficient, POW is not a good idea and is worse when the algorithm can be optimized with specialized processor. It gives too much power to state actors (like most computational activities tbh) . If the US, China or Russia wanted to do a 51% attack, it realistically could with some investments.