Replying to Avatar JackTheMimic

-Every zap is an undeclared taxable event

-There is unmoderated "content" that is widely sharable to nyms with no IP tracking (given a certain relay setup)

-Copyright infringement is rampant

-Unmoderated Market places on certain clients allow for a silk road 2.0 (it just generally isn't)

-Potential for whistle blowing from government sources from untraceable nyms.

I think those are plenty or rules broken, maybe your use of nostr is too white market to know.
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Michael S Wildcard ✨ 😶‍🌫️🗽⚡ 9mo ago

It's only taxable if it is in exchange for goods and services. Donating or giving /tipping shouldn't be a table event. At least that is what my CPA tells me.

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JackTheMimic 9mo ago

Fair market value of assets given must be documented at the time of the gift and if it reaches the gift threshold should be reported. Not an advocate, just information.