Like avoiding sales taxes, the technology effect is neutral. The contract first need the user to buy stock in a Twitter like address from a Swift account, so the forensic bots already can follow the smelly trail. The transaction costs of hunting us dodgers are the same as us tax dodgers hiding.
This is Difin, by the way, mostly a distributed, mostly Btc, payment system on ethereum block chain. Some of these have a Swift connection at the key point, but these short chain contracts work great with the Btc chain. The folks at MIT could claim that short chain cash is sufficient, and secure personal ID can be delayed, and might have a point. I can see this as a middle ground in Due Process banking. At least it blocks the Fed taxes from hitting the little folk. Like my local grocer, all his customers have smart phone, there is no need for he and his customers o clog up the payment chain back to the bank. All it means is digitizing his paper bound pen and ink short chain he currently keeps.
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