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0 sats \ 4 replies \ @Solomonsatoshi 4 Jun \ parent \ on: Are we thinking about MoE all wrong? bitcoin
Except that Bitcoin use as a MoE is explicitly OUTLAWed in most autocracies and very slyly obstructed to a substantial extent in almost all 'liberal democracies'- where to use Bitcoin as a MoE you have to either comply with extraordinarily complex recording of all transactions in order to collate and pay the tax legally due, or IGNORE the law and use Bitcoin as a MoE UNLAWFULLY- which is what almost everyone who does use it as a MoE does- which means that the vast majority are not going to use BTC as a MoE.
You ignore this reality as do nearly all Bitcoiners.
Bitcoin us as a MoE is effectively unlawful or at least impracticable in nearly all jurisdictions.
Illegal according to whom and for whom? I don’t even need to explain how Bitcoin works to refute the basis of that argument—it's as bad as a troll comment.
Pay your taxes like the slave you are, and be happy!
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Yes you can boldly declare Capital Gains Tax laws irrelevant and declare you will defy them, but most people will not.
You are unlikely to do so in any way you are likely to be identified and prosecuted by your governments tax department too.
These laws have been put in place, imo, to deliberately obstruct BTC MoE use.
I agree given how Bitcoin was created as a P2P payments protocol the laws are absurd- but they are nevertheless the law/s and they do severely obstruct the lawful MoE use of Bitcoin.
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Laws will have to be defined by Bitcoin, not the other way around!
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Yes, except that is not what is happening.
And it is very difficult to see how it would happen- can you explain how it might?
Nation states under which nearly all of us live are applying these laws as they protect the nation states fiat monetary monopoly.
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