Everybody who is a fan of being able to dodge taxes by using crypto is forgetting one thing. That tax money is also used to do good things.
Congratulations, you are making enough money to know about crypto and buy it. Now think of this: it’s not as easy to track crypto as it is to track bank money. You can now evade taxes more easily. Are you doing that? If so, now you have even more money. That’s amazing. But meanwhile most really poor people don’t know about crypto. They have other worries: getting bread on the table. And they are still paying their taxes. You are making the gap between poor and rich bigger by owning crypto and not paying taxes.
If we, the world, want to use crypto as a real currency, we should make it possible to track money flows in some way. To make it possible for a government to know how much money (crypto) you are receiving, or make it possible in some way to prove that you are paying enough taxes. Because how are these governments that are now taking care of you going to take care of you if everybody uses crypto and no money flows can be traced anymore? What will happen to taxes? Who is going to pay for public resources?
Imagining how that would work, I could imagine registering one wallet address as yours, i.e. telling the government which wallet to trace. But as soon as that data leaks, the whole world can see how much money you own and where you are transfering it to. That’s probably not something anyone wants.
To me this seems like an issue that crypto developers should be thinking about. And I wonder if Cardano or any other project is doing that (the only thing I can find when I Google for it is articles about how to dodge taxes using crypto).