A national Bitcoin strategy is not just about a SBR. Users matter too.
That means updating tax law to ensure we can use Satoshi’s innovation as decentralized, peer-to-peer electronic cash without phoning an accountant
—> my post on Bitcoin Policy Institute on de minimis exemption
Here's a thought: set the de minimis exemption equal to whatever the largest individual tax burden thus far was & keep moving it up each year if necessary. That way almost everyone should at least be able to pay their taxes without being taxed even more.
This is sausage making a bit, but the previous levels were meant to be the same as the foreign currency exemption. It’s obviously not the same thing, and deserves a *very high* threshold, if at all
