Ouch! Maximum pain.

Dude sells 640 BTC for $5,807.53 each in 2017, nets $4 million fully doxxed in his Coinbase account, underreports his capital gains tax and thinks he'll get away with it.

He #FAFO'd and got 2 years in prison.

Just a reminder, don't bother with this headache, just don't sell and you'll be fine! If he did he would be up so biggly its redonk, his total 1,366 BTC would be worth $146 million right now

Bro got cooked for what is relative chump change

https://www.justice.gov/opa/pr/early-bitcoin-investor-sentenced-filing-tax-returns-falsely-reported-his-cryptocurrency

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Discussion

This will be the norm soon. Lol

Hope this is never me, going back to fiat is just too damn risky, lol they just made up my mind for me, it's a no brainer

We're all governed by law.

You'll pay your mortgage in w/e currency they tell you to, or they will take the house from you.

Weather that's you doing it or giving your bitcoin to strike for them to do it....

The money they say to use, will be used.

either dont sell, or just pay the damned taxes.

either way, stay solvent.

If you want to use their payment rails and medium of exchange you gotta pay the toll, don't know why he couldn't just pay the outstanding taxes not like he is short on sats