Oddbean new post about login | logout Bitcoin being treated as a currency without capital gains taxes. I hate having to keep track of it and it makes actually using Bitcoin quite a nightmare.
How about just not paying taxes on the gains? Seems if one is careful with privacy tools you can probably fly under the radar a lot.
how will they know if you don't report it?
How do they ever know? Audits. I am not interested in breaking the law and finding out how they know at trial before being thrown into a cage. Especially for capital gains of all things. The tracking is just annoying, but I'm not risking prison for this.
Probably isn't good enough when getting thrown into a cage is a potential outcome. Paying the capital gains tax itself isn't my main issue. My main issue is with tracking every little transaction (buy and spend). It's fucking tedious. I could let software do it probably but that opens up a whole new privacy concern when it's already bad enough.