Bitcoin will be regulated to hell (Monero Chads report in!)

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Luke Smith

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Shared February 19, 2021

MUH DIGITAL GOLD except for it is highly monitorable and taxable. There is no such thing as an "under the table" Bitcoin transaction and everything is eternally stored on the blockchain. Privacy coins like Monero give privacy to individuals, but even more importantly make minuscule taxation and regulation impossible in the way that Bitcoin is taxed. This is one of the reasons that I prefer Monero long-term. More cryptocurrency regulation means a greater importance of privacy coins like it.

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