I think once the US fixes the tax code around Bitcoin purchases, I would consider living on the Bitcoin standard. But it’s not worth the tax bill each year right now.
If they had no capital gains taxes under $600 purchases, I would then consider using Strike Bill pay or something like it
Have you considered trying to learn how to use Bitcoin anonymously or you will wait for the gov permission? You risk to wait a long time for the latter. I doubt the Gov will accept this unless it becomes obvious that every one is avoiding the tax.
I agree with you on using it anonymously. However I do think we’re closer to a de-minimus tax exemption than most would think. A $600 De-Minimus tax exemption alone would make me a happy camper considering I use Strike and they offer Bill Pay. We’ll see what happens!
