Why Nostr? What is Njump?
2024-06-21 13:39:29
in reply to

Hedraios on Nostr: For me, spending bitcoin is more about the decision it makes me face: > Am I willing ...

For me, spending bitcoin is more about the decision it makes me face:

> Am I willing to ignore tax law in my jurisdiction? <

If not, I then have to treat my every Bitcoin transaction as a taxable event, requiring me to know and document the cost basis for every sat, and self-reporting this on a complex and obscure tax form that is likely to raise red-flags and the attention of the tax authorities who demand and enforce capial gains regulation.
Author Public Key
npub1pt89pppjzkz0cechfdhdfxxj7qelgwv2y20x09u98z9mfhj6gcxq93430z