Bitcoin getting codified as an asset is scary. We needed it codified as currency. That would solve everything including taxation issues. They need to just admit it’s a currency, not an asset. It was set up that way to be tax-advantageous to the government. It’s bullshit, really.

Organized society is secondary to the establishment of a monopoly on violence in a given jurisdiction. The reality is that whoever establishes and maintains that violence monopoly in the jurisdiction you reside within WILL extract value from the economy (you) via coercion. This is the reward for achieving the monopoly on violence. This is true amongst any and all forms of government. If your government doesn’t do this, they will have economic disadvantages against adversaries who do, and will eventually be overcome by them. The new rulers will then proceed to extract value from the economy (you) via coercion. There I no argument that they “can’t tax you. The only question is to what extent will they enforce the tax laws. Of all the made up laws and regulations, tax law seems to be the most rigidly enforced. It’s not going to get better with AI.