you have things of value all around you, captured value that you cannot turn into cash because of its poor liquidity and poor institutions for that asset class, you don't need to be at the top. there is a collector of old concert tickets, a collector of your digital footprint, a collector of your furniture, a collector of the junk you've been hoarding. you just can't find those people, get a fair price, avoid getting scammed, or have any remedies if you did get scammed, compared to assets that institutional banks service. And because you can't, the banks can't either and have the same issues, hence why there is no lending market or way to mitigate risk.

I didn't write in this thread to have a contrarian view, it's a system I'm aware of and am impressed by its growth.

I'm not here to sell you on it but like I wrote to the other person, it doesn't make sense for people to just want others to experience more of the pain they experience, the state is not a responsible party to have a piece of everyone's transactions. You should be asking why any of us are experiencing pain instead of ire at those who have an easier way to avoid the pain. Taxation is just one of the state's revenue models, its other methods can grow, additional methods can be employed, its spending can shrink, and right now all of its revenue is just going to pay the interest on debt it already accumulated. With that understanding I can't view proposals based on punitive hate seriously. You're proposing to give a degenerate spender more money, just because you found someone that's not paying the degenerate? And any amount you give the degenerate doesn't even pay down its debt, just the interest? And that just makes it more credit worthy to continue accumulating more debt? Not everyone needs to pay the degenerate, get in a place where you don't either.

Modern taxing authorities aren't even that old. It's hard for me to treat it as time immemorial because its not and you can influence how exposed you are to it.