Comment on Please Stop
BobGnarley@lemm.ee 8 months agoA view only wallet doesn’t trace anything that doesn’t get received directly by that view only wallet. If we had two wallets that didn’t interact with that wallet, it couldn’t do shit to trace or audit my transactions.
itsmect@monero.town 8 months ago
If you are a company and run a webstore, it could be mandatory that all funds must go through a wallet where the tax authorities have a view key. This would be trivial to enforce with penalties whenever for publicly using addresses that point to other wallets. Peer to peer transactions (for eg. used goods or produce from your garden) are already except from taxes in my jurisdiction, so these transactions can be private.
BobGnarley@lemm.ee 8 months ago
Ahhhh I see what you mean now that’s true but would be dependant on the legislation of the area like you said.