chris98251 wrote:Well if you have a unique key for every transaction then regulators and governments will throw a fit at some point if they don't have oversight access, they want to see the sock and undies your washing and what detergent your using so to speak as well as whos machine your using so they can make sure they get their fair share of revenue.
That's the neat thing about most blockchains. The transaction itself occurs in plain text so you can see the amount sent and where it was sent to. That's true of most blockchain assets, anyway. What I am putting a good chunk of money on in 2018 are privacy coins, digital assets with no audit trail or one that can be enabled or disabled on a per-transaction basis. Imagine the power of being able to hide money from Uncle Sam in perpetuity. The tech already exists, but I am willing to bet they will be supremely popular among successful crypto investors this year. Eventually, I see privacy tech forcing the federal government to abandon the income tax in favor of a VAT tax because this has so much potential to disrupt their tax schemes.