i will gladly trade some of my bitcoin for things that make my life and the lives of those I love better. A good house to live in, a small business that can cash-flow, education, healthcare, etc.
"Money only has value when you spend it"... a 100% capital gains tax on bitcoin would make it pointless unless you intend to commit tax fraud
Oh.
Nvm.
Still domesticated? I'll wait til y'all catch up lol
What would be the point of storing your economic energy in Bitcoin only for it to be taxed 100% when you die, leaving your family nothing? You're being silly with the idea that no one would ever trade bitcoin for anything ever.
Like I said, I do sometimes trade my bitcoin for things that improve the lives of those I love. If that's domestication, then I guess I am.
I will reiterate because I think you're missing the bigger picture of what a store of value does. Money has no value until you spend it.
Do as ya see fit.
I see it all shaking down a different way. Part of the strategist in me.
But you certainly are missing the bigger picture on what is forming here. Even mentioning the word "taxes" is domesticated thinking. Like tacit consent. . . It's hard to grasp. It's routinized.
It's not about your loved ones or yhe things you may need to purchase them. Anyone is free to use their BTC as they want, your keys, your coins.
But it seems you can't shake tradfi out of your thinking. Hence my assessment.
And how do you see it "shaking down"? Also note that you used the word "taxes" first, and I was replying to that.
