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0 sats \ 2 replies \ @LivingOnBitcoin OP 9h \ parent \ on: Living On Bitcoin bitcoin
I see the obstacles, which makes me feel the burdens of tax and regulatory issues. Trust me, I know the power of the big man. Its not a joke.
If tax laws were simplified (say, small payments under a certain threshold were exempt), would that meaningfully change your outlook? Or do you think it runs deeper than just taxes?
I enjoy the journey, if it means I have to log each transaction, so be it. I understand that I am very different than the rest of the world. Using fiat is easy and 99% of the world likes to take the easy route.
Yes if tax requirements were removed from small payments that would be a huge thing.
Hard to see how it will happen thoughif mostly even the BTC community does not acknowledge the need for change.
On a more positive note I have heard in some places (I think Germany and maybe Portugal) if you have held BTC for a year or more then it is subsequently not liable to CGT...so can be used for small (or large) purchases free of capital gains tax reporting obligations- although I am not sure of the accuracy/detail around this.
Only a very small minority of people are going to be prepared to log every payment transaction (I am not and so adopt civil disobedience in the face of a law I see as inherently unjust) and so mass adoption is prevented as long as these tax requirements remain in place.
So few people can see that this obstruction of BTC MoE has and will continue to prevent most consumers from adopting and therefore prevent most retailers from accepting.
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There you we go, I like where you're going. It is definitely hard to see the good things happening around the world when all we see are the bad. You wouldn't be here and in Bitcoin if you didn't feel a certain way. I see progress and I hope you do too, no matter how big or small. I really enjoyed our conversation, if you ever want to chat feel free to message me on Nostr (npub1gvrj8zlxkum8h5y0eu4f2ud2n8zktjn5y7nzqu6uhqqqek2x29zq7z7tfl). I look forward to seeing you around Stacker and Nostr. Cheers.
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