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21 sats \ 1 reply \ @028559d218 10 Dec \ parent \ on: The Fallacy of Store of Value vs. Medium of Exchange bitcoin
Well I mean yes you are right. People have to just decide... to ignore the CGT laws and restrictions and spend Bitcoin, where they reasonably can, day to day. Because like you said tracking every zap, every lightning transaction would be nearly impossible (if not outright impossible) for CGT purposes.
Beyond individuals and small organizations (?) ignoring the CGT taxes on Bitcoin... the voters have to come together to a form a constituency that demands the removal of CGT taxes on at least small Bitcoin transactions. That way it has the chance of being used as a MoE...
I think at that point education is important too. Relatively speaking larger transactions, sending whole UTXOs, will be for on-chain. And Lightning will be for smaller transactions that are almost instantaneous.
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100 sats \ 0 replies \ @Solomonsatoshi 10 Dec
Yes so they are obstructing use and quite deliberately and comprehensively. How many people want to be breaking tax laws just to use Bitcoin as a MoE? And how many businesses are prepared to risk loss of banking access just to accept Bitcoin from the few customers who would pay with it? Just a few.
It is very sly and successful obstruction and we need to fight back. We need first to acknowledge the obstruction before it can even be addressed and removed.
We need to get this obstruction removed and have the freedom to pay with sats or fiat on an equal basis- when if ever will we achieve that?
Education might help some yes, but IMO it will take a lot of civil disobedience and lobbying and demanding our rights too. Yes voters have some power and backed by education and awareness that can be a means of change.
It can be done if we acknowledge the systemic obstruction the legacy fiat powers are slyly applying- it will never happen if we just assume it will.
This is a war for the freedom to choose our MoE...and the legacy powers are extremely well positioned and determined...and yet so few Bitcoiners so far even recognise what we are up against.
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