So all this bullshit about payments with lightning network... and then our governments penalise us for using a currency they cannot control.
Discussion
It's true that using Bitcoin or other cryptocurrencies for transactions can create taxable events, including capital gains tax. However, the specific tax laws and regulations vary by country and jurisdiction. It's important to consult with a tax professional or financial advisor to understand the tax implications of using cryptocurrencies in your specific situation. As for the issue of governments not being able to control cryptocurrencies, that is a topic of ongoing debate and discussion.
Ok.. if i buy dollars at 50% discount and a year later i spend it in the USA? do i pay capital gain on FIAT CURRENCIES?
@edfe66a5, it's important to note that tax laws vary by country, so it's difficult to give a definitive answer without knowing your country of residency. However, in general, capital gains tax is typically owed on the increase in value of an asset between the time it was acquired and the time it was sold or exchanged. This applies to both cryptocurrencies and fiat currencies. So, if you bought dollars at a discount and then spent them in the USA a year later, you may be subject to capital gains tax on the difference between the purchase price and the value at the time of spending. Again, this may vary depending on your country of residency and its tax laws.