For what is taking place now to our technology the local community in the entire globe are most typically used the banking system and some in some other nations they utilized fiat. The place people two are centralized and we know that. So I guess if occasions appear that bitcoin will turn into the currency of all nations around the world the taxes or revenue tax will completely disappear.
Since you are a new member of this forum I will spare you with just a lesson about taxes and why you are wrong. Even if what you are expecting that Bitcoin will be a dominant currency in the world it by no means will eliminate the income tax as Bitcoin earnings itself is still taxable in income tax and if you earn your Bitcoin through trading it will be taxable with a capital gains tax. Any person who thought you that Bitcoin earnings are not taxable are people who are just avoiding in paying their taxes
This is not necessarily so
I don't mean of course that your Bitcoin earnings can't and won't be considered as capital gains since they surely will. But this is not to say that capital gains are always taxable or all capital gains are taxable. There are a few countries where any capital gains are not taxable. These are mostly offshore countries like the Cayman Islands but still. Also, there are quite a few countries where some gains are not taxable. Foe example, in Switzerland there is no capital gains tax on trades of securities. In this way, you could well expect that some countries would exempt Bitcoin from capital gains tax altogether (even if there is none yet). This is likely the lesson that you may want to take home too
