confused.
For fiat to fiat, zero. But bitcoin to Bitcoin for huge sums, it still has its perks, especially with that deep liquidity.
The second the BTC is spent, the spending party needs to report capital gains on the difference. More fun tax documents for everyone using! :D
This assumes two things: 1) the person who spends to BTC has to pay tax on that, there are many examples and countries where that would not be true. 2) the person would declare the spend. In any case, if those are genuine problems, we all better pack up our bags and call it a day, because that affects BCH just as much as BTC.
Totally disagree. That’s all the more reason that BCH is effective. Yes the rest still applies, but there are no artificial limits.
Not sure I understand which part of this statement doesn’t apply 100% to BCH? “The second the BTC is spent, the spending party needs to report capital gains on the difference. More fun tax documents for everyone using! :D”
Many countries including America are like this
I know. And people in US are too law abiding. I don't' see BCH ever getting any traction there with such laws...
Not with those that consider it a problem. The only way forward it to use it as money regardless. And for the economic activity to be so large that the government is forced to allow its legal usage without such crazy friction and change the law.
just don't pay taxes?
"representatives"
I know, democracy doesn't work, yadda yadda But pressure works. If they are stubborn and demand it, they may get it sooner or later.
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