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The portable, global nature of Bitcoin is very interesting. If you make capital gains in your own country, it is very difficult to realise those gains in traditional assets outside of your country of origin. You can’t see a house outside of the country and it is difficult to sell shares or commodities outside of your broker.

Yet Bitcoin, and increasingly tokenised assets give you the ability to become a digital nomad and live fluidly anywhere at anytime.

Bitcoin may be part of the solution to removing borders and bringing together humanity like never before.

james 1y ago

This is an interesting scenario however it only raises a further reason for governments to attack/control bitcoin for the simple reason if everyone can avoid the local tax laws, who's paying for the shared public services?

I think it's just a matter of time before we see a special bitcoin tax being applied across multiple duristrictions. This feels like a practical solution to the problem but I might be wrong of course.

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Discussion

mike 1y ago

Bitcoin is a public ledger so would be relatively easy for computers to police.

james 1y ago

Yes but if uk is anything to go by the onus will be placed on the individual to know and comply with the law. That way fear of non compliance is much greater.

mike 1y ago

True