When you realized that the DECENTRALIZED TRANSACTION IS NOT REALLY DECENTRALIZED AT ALL...
And when you realized that paying taxes to government is much cheaper than paying transaction fees in cryptocurrency...
WAIT? HOW WAS THAT POSSIBLE?
This came up to me on the day that the Bitcoin transaction fee goes higher if I am not mistaken at 0.001 BTC per transaction then i realized for me to be able to send 0.001 BTC to buy items i have to pay high transaction fee. So I came to look within the situation on all cryptocurrencies and this is what I found out.
When the price of any cryptocurrency or any tokens available as of today, the value of transaction fee rises as well.
Decentralized as they say of cryptocurrency but ironically it is centralized because there are certain groups in that particular crypto, altcoin or token that decides the direction of the platform. Ex. Bitcoin and Bitcoin forks, Ethereum and Ethereum forks.
If it is truly decentralized then why is it that the future of the coin depends on the approval of the majority votes of community? It is somewhat similar to "ELECTION PERIOD OF OUR GOVERNMENT OFFICIALS"
4.The transactions are decentralized but the flow of the transaction is centralized. Why? If there are no miners, no transactions will be made or the transactions takes forever to be confirmed.
Decentralization of currencies will destroy our nation. Why? No one will pay taxes to the government, if no taxes are collected, no money can be utilized to repair public roads and public places, and if no taxpayers, who will pay for our Government Officials and our Leaders? People will simply blame the government for broken roads, broken public buildings and etc., but in a decentralized currency no one is willing to pay tax to the government.
That is why the government wants to regulate cryptocurrencies but the people did not understand #4 at all...
I know many of you will disagree with me but hey, this is the reality. Decentralized currencies evades to pay taxes to the government because they are corrupt. But think of it, are we not corrupt ourselves? We earn big amount of money in a cryptocurrency but do we ever pay tax out of our income in cryptocurrency? Decentralized economy does not pay taxes to the government and that is reality. Can we expect BTC Billionaires or ETH or BCASH Billionaires or any other altcoin billionaires to donate money to repair our miles and miles and miles way Public Roads????????? They will not do such and then we blame the government? You can disagree and bash me but that is just the reality.
