RE: IRS To NOT Go After Miners If Considered Brokers
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It's still dangerous territory. At any point, they could change their mind on a whim. The best strategy would have been to refuse to comply with any and all regulations in the first place, but NOOOO.. "Muh mass adoption!" 🙄
But, Here we are... I think you're right with this though.
Whatever governments decide should not be a major part of our focus. The only reason this bears any applicability to the cryptocurrency industry is to figure out how to code around it.
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Well refusal to comply would mean they simply pull out the big sticks and start targeting. While it is good in theory, when you have a few hundred major developers you can go after, that would take down a fair portion of the entire industry.
Plus much of it was set up centralized. Look at what most everyone uses, and see how targeted they are. For example, all centralized exchanges would be instantly eliminated.
Until we move past the hybrid model, we simply have to deal with the government. Let those that are apt do deal with them do so. In the meantime, we just code around all that stuff.
Decentralization is still key.
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