Thanks for sharing. Feels intellectually dishonest when reporters write this type of stuff without mentioning that in the UK currently spending Bitcoin could land you liable for capital gains tax - a big barrier to a regular medium of exchange if I ever saw one.
Particularly since this same reporter has an article linked at the bottom of the page from only 2 weeks earlier called “Declare your crypto gains, taxman says”
Oh, and an article about Craig Wright 😱
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Most countries in the world see Bitcoin as an asset, so capital gains apply.
But, in El Salvador you don't pay any capital gains. In Australia you only pay 50% of it if you held for at least a year, and I think in Germany and Austria you pay 0% capital gains if you held it for at least a year.
So, in some countries you might not pay any capital gains tax as long as you have at least a one year buffer between your BTC purchases and sales.
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Yes - rules vary for sure. Ultimately it will be game theory between nation states in the long term as to who realises it might actually benefit them to encourage Bitcoin adoption.
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Story about guy who doesn't understand bitcoin who tries to spend bitcoin. Almost threw up reading it.
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Here's another The Times of London article from today.
This second journalist is very clued up on Bitcoin - and maybe the paper too.
Lately we're beginning to see a 180° turn in the serious mainstream reporting.
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Good seeing the stats about Bitcoin users using it to pay for services, as time go on, the percentage will rise
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thank you! now how do i reward you more than 1 sat
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You can click on the bolt multiple times or press and hold it.
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click and hold, thank you! omg look at all your sats :rofl:
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Trash.
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