I had this thought in mind. If everyone switched over to crypto and started transacting via crypto (buying and exchanging goods in crypto), the u.s. government wouldn't have an easy way to figure out how to tax those transactions unless it was self-reported on tax forms. They could look at the central ledger but wouldn't know how to associate random wallet addresses with actual u.s. citizens.
I had this thought in mind. If everyone switched over to crypto and started transacting via crypto (buying and exchanging goods in crypto), the u.s. government wouldn't have an easy way to figure out how to tax those transactions unless it was self-reported on tax forms. They could look at the central ledger but wouldn't know how to associate random wallet addresses with actual u.s. citizens.