Imagine if government requires merchants to register their addresses with IRS. Now all the amounts can be traced and taxes calculated perfectly. Employers will also have to register addresses of the employees where the wages are paid. Now you'll have "white coins" that can be sent from one registered address to another without questions asked and "black coins" that exist outside the eyes of IRS. Obviously, it'll be hard+expensive to transfer black coins to white addresses and vice versa. Sounds very creepy, but there could be a nice outcome: government couldn't print money out of thin air and fund wars, DEA, NSA etc via "budget deficit", "bonds" and other names for never-to-be-paid debts.
Imagine if government requires merchants to register their addresses with IRS. Now all the amounts can be traced and taxes calculated perfectly. Employers will also have to register addresses of the employees where the wages are paid. Now you'll have "white coins" that can be sent from one registered address to another without questions asked and "black coins" that exist outside the eyes of IRS. Obviously, it'll be hard+expensive to transfer black coins to white addresses and vice versa. Sounds very creepy, but there could be a nice outcome: government couldn't print money out of thin air and fund wars, DEA, NSA etc via "budget deficit", "bonds" and other names for never-to-be-paid debts.