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The US/IRS is going to pull a Grayscale.

Specifically, they’re going to hike capital gains tax rates (much like Grayscale’s exorbitant ETF fees), and milk the bitcoiners as long as they can, until we get fed up and leave for friendlier jurisdictions.

The difference is that they can make the exit much more expensive and difficult than Grayscale can.

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Discussion

Arceris 1y ago

Isn’t that basically how inflation already works?

Vake 1y ago

Inflation you can mitigate or avoid without leaving your jurisdiction.

Arceris 1y ago

I mean, the capital gains tax on sales, where at least some of the appreciation is due to inflation. They’re literally taxing you on their tax.