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People have asked for it.
High profile/net worth bitcoiners are concerned about being targeted by governments on tax stuff ... so some of them probably don't use services like SN because they are worried about taxes.
If this is a concern you should put in your terms that the sats on stacker.news are just points that are redeemable for sats, that way the user would only need to report on withdrawals
Does anyone else do that? Can I do that if we call them sats everywhere?
That's what we do at TBC
have you asked a lawyer about this? :thinking:
not a lawyer but if the points are transferrable and redeemable for money this is effectively money and most likely courts will say calling them "points" doesn't get around the fact of the matter.
this is what our lawyers told us to do
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And there is another question: would renaming them from "sats" to "points" be necessary? Afterall, that would be an after-the-fact thing. I would guess the answer depends on what the SN ToS currently says about the nature of the sats-on-SN vs sats-on-Lightning.
There is no ToS lol.
There is one and only one for IRS/govs: GFY
😂😂😂
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very good point.
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Then this world is really fucked.... people are fucked.
Anybody that supports taxes (even if they hate them) is a supporter of slavery.
At this level I don't even understand why we still continue pushing Bitcoin. Is useless. Humanity doesn't have any chance to go forward. IS TOTALLY FUCKED.
Show us on the doll where the tax man touched you.
😂😂😂😂😂😂😂😂😂😂😂😂😂
They don't even dare to ask me about taxes.
They will get force chocked 😂
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Are out of your mind?
Who in the right mind still pay taxes and still declare his sats as "capital gains" ?
You US people are out of your mind... no wonder they fuck you (the politicians) how they want to.
You have to be really insane to go and report to IRS your sats earned on SN... unbelievable if this is really happening.