1 sat \ 1 reply \ @Coinsreporter 3 Oct \ on: Thoughts on Bitcoin and Taxes - how does this make any sense? bitcoin
It's kinda too much of a headache. I'd definitely not do it this way. Instead what I'd prefer is spending the degraded shit money as usual and buy Sats and hold them forever.
I'm in India and upto now I've never given a single penny to the government. I also believe, I can forever evade taxes, if I can only hold Bitcoin for years. I'm eying that at one point, I might have to fight the system if they catch me. But, I'm sure, they won't catch me, until I deliberately confess my holdings.
I understand what you're saying... buy and hold forever.
But then what happened to peer-2-peer digital cash? 'Hodling is using' yes but it's only 50%. The other 50% is spending in reasonable amounts on value-oriented mainstream goods and services.
Eventually when the subsidy goes down... transaction fees have to make up for it. Right now they're at 26 cents they're low enough for spending and lightning channels...
reply