Oddbean new post about | logout
▲ ▼
CraigTheSpaceBum | 7 months ago (raw) | root | parent | reply | flag +2 
 IRS and CRA approve 👀
▲ ▼
Derek Ross | 7 months ago (raw) | root | parent | reply | flag +3 
 That's why I require government ID and several forms with signatures on all of my Zaps.
▲ ▼
CraigTheSpaceBum | 7 months ago (raw) | root | parent | reply | flag +1 
 "Sir, I see you didn't declare your zaps as income, straght to jail!"  

If hyper bitcoinization happens, do you not think the government is only going to crack down harder on tax enforcement. 

Replace the word zaps with dollars and think about it lol. Bitcoin is money and government love taxes, especially if their currency collapsing. Look at Canada's Carbon tax or Toronto's "rain" tax (yes they are fucking taxing the rain).
▲ ▼
Derek Ross | 7 months ago (raw) | root | parent | reply | flag 
 It's probably coming... They want their piece of the pie too.
▲ ▼
CraigTheSpaceBum | 7 months ago (raw) | root | parent | reply | flag +1 
 "Anything that can go wrong will go wrong."
▲ ▼
James Lewis | 7 months ago (raw) | root | parent | reply | flag +2 
 This is why we need self-custody LN wallets: so they can't go after 100 big custodians but have to go to the  10M-100M real individuals. Make tax enforcement infeasible!