Seriously, I believe a country like Japan can also benefit from #Bitcoin adoption in a big way due to its geographical and political circumstances!
Discussion
Yes. I would love if we could use it like we do PayPay etc.
Japan does whatever US wants it to. Sadly this is what happens when you relinquish your military and rely on another nation to protect you from the baddies.
💯 Indeed.
It's too bad that the U.S. is a baddie. 🤷♂️
Got bigger issue to worry about with North Korea, China, Russia. Japan benefits significantly from US in that aspect but I’m return has to comply with everything else. That’s the deal.
A fair point. And a rather unsavory necessity. Bitcoin will hopefully have a beneficial impact on this circumstance.
Japan is a colony of USA, any country that has a foreign military bases on their land is NOT sovereign. Truth always hurts isn’t it!
Bigger issue is USA and not North Korea, China or Russia. Those countries do not have military bases all over the word unlike USA.
Slowly but surely more Japanese people have become aware of this bitter truth.
Well put. The same can be said about the Phillipines. The US is just the modern day Roman empire. Like all empires... they collapse. The US is collapsing rather quickly, wouldn't you day? 🤔
*wouldn't you say?
Phillipines is adopting Bitcoin as a grassroots movement in an amazing speed, as you may know. I wish Japan could do that, too.
I didn't know! I'm glad you told me, though. 👀 They've suffered long enough.
You have me curious. Why wouldn't Japan be able to do the same?
I don’t see why it’s the bigger issue 🤷♂️ US is not firing off ICBMs on any random day over continental Japan.
Sorry I didn’t mean to bring tension here! Let’s keep peace on Nostr 🤙
We are just chatting ;)
Until they start...
And why would they do that if they already haven’t. Russia pulled all their bases in 1991 from Germany why does USA still has them there? There is no Warsaw pact but NATO still exist who is the arrogant cunt here? The exceptionalism is going down faster than you can blink.
Now, now. Please calm down. There's no need for foul language. We can discuss this maturely. But, the fact is that Japan is not a mineral and or resource rich country. This fact has essentially made them just a means of GDP contribution for the U.S.
Japan's tax laws are perhaps the most hostile to Bitcoin adoption in the world. The bank regulator FSA and industry has tried for years to get the NTA to cooperate on reform but it seems impossible.
Unfair tax laws:
* 55% rate in the etc undefined income category. This part I don't mind personally. If you choose to live somewhere due to the quality of life you pay for it.
* You pay taxes on gains but you can't carry forward losses to future tax years like you can for other investment losses. This led to some strange situations where shitcoin traders went bankrupt due to paper profits and losses happening on separate years. This is the most broken and unfair part of their laws today relative to carry forward or even backwards allowed for Japanese equity trades.
* Average cost basis - this is significantly worse than FIFO, LIFO, or lot selection methodologies allowed like in America. I doubt this can ever be fixed in Japanese law because average cost basis is also how they tax stock trading capital gains.
A few bitcoin devs considered moving to Japan in past years but decided against it almost entirely because of these tax laws. A few Bitcoiners also left Japan over this.
I totally understand Japan is super UNfriendly country for Bitcoiners 🥲 Many longtime holders have also moved abroad! I moved to Canada for different reasons tho.
Totally agree! I would like to know more about how adoption is growing in Japan. Can you recommend others to follow please?
Indeed...