Tax Attacks Won’t Kill Bitcoin: Regulators Must Learn To Accept New Technology
By Conor Chepenik The article emphasizes that tax attacks and regulatory resistance cannot halt the progress of Bitcoin and its technology.
It criticizes politicians who label Bitcoin supporters as criminals without evidence, highlighting the importance of justice and fairness. Instead of imposing arbitrary taxes, the government should focus on creating a regulatory environment that supports innovation and economic growth.
The article argues against the proposed tax on Bitcoin mining, stating that if market participants have paid for their energy, they should be free to use it as they wish. It also discusses how new technologies, like Bitcoin, challenge established industries and entities, but their adoption is inevitable and can lead to positive change. It concludes by drawing parallels between the resistance faced by zero in the past and the potential success of Bitcoin and its network effects. | 