- Unlike BitCoin or cash payments, Taler ensures that governments can easily track their citizen's income and thus collect sales, value-added or income taxes.
But
- When you pay with Taler, your identity does not have to be revealed to the merchant. The bank, government and mint will also never learn how you spent your electronic money. However, you can prove that you paid in court if necessary.
What if it's classical liberalism, instead of progressive liberalism?
I think they mean liberal as in free. But yeah, if the Republican Congress sees that, the US won't be implementing it any time soon. -_- I do have questions about their anonymity claims. The bank has your IP, right? Also, what happens if someone sets up a 'bank' and refuses to comply with government audits?
Strange choice of words. Now that is a tough sell. I'm really not getting it. Bitcoin will likely make it easier to tax in time, anyway. All transactions are traceable. This dark market period is a function of it being outside of mainstream finance. Circle was just issued a BitLicense.I think they mean liberal as in free.
Taler is an electronic payment system that was built with the goal of supporting taxation.