In my opinion this is not a solution. Bitcoin needs to come out of the shadows... so we can have 'real solutions' which don't include, in my opinion, having a 'double stack' that's 'in the shadows'.

How are people going to pay their bills, pay for a coffee, put gas in their car, while assessing the tax liabilities and reporting for every single daily small purchase?

The answer? It's completely impractical. Imagine the small business owner just trying to survive... the single parent paying their bills, the senior saving for retirement, or just trying to see their retirement nest-egg go as far as possible...

Using Bitcoin on lightning or other layers for daily, individuals purchases for all manner of things. Every single cup of coffee with 'capital gains taxes' for millions of people every single day for every single business? Really?

Privacy is one thing... concealing funds from thieves, hackers, or criminals. But taxes is some sort of compromise between government and citizens and we need more education advocacy and leadership.

Maybe the next administration (trump) as they completely burn down federal government to 'reform it'... will give Bitcoin better tax treatment. It wouldn't surprise me and I think it's eventually inevitable.