Until I live in a country that has no capital gains tax on Bitcoin sales... nothing.

It's sad and frustrating. But this is a reality I need to deal with.

I very much want Bitcoin to succeed, to become widely accepted money, to separate money and state.

But as long as there is a tax, if I buy anything for Bitcoin, I have two options.

One, evade the tax. But I'm at risk they will find me. And even if I'm careful and buy non-kyc and conjoin and so on, there is a risk. And I don't want to have to worry.

Option two, calculate and pay the taxes. Accounting nightmare, waste of time, loss of money.

So, for now, I buy nothing with Bitcoin.

I save in Bitcoin.

Bitcoin is my hope for financial safety when I'm old.

Ideally, I will be rich, or, at least, I hope, the value, the purchasing power, of my savings, will be protected.

And for day to day stuff I buy, as much as I hate the fact I'm tracked and I could be censored and my money could be confiscated and so on, Mastercard and revolut work ok for me, as a payment network. Transactions are generally instant and free.

So, for payment rails, my needs are met by Visa or Mastercard.

For long term savings, I use Bitcoin and I don't sell it, that is, also, I don't buy anything with it.

Maybe except zaps :-)

Does my approach make sense?

Do you think I should start trying to buy things for Bitcoin, just to encourage merchants to adopt and so on, and sacrifice my time or money to deal with taxes?

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Yeah your approach makes a lot of sense!

I’ve heard somewhere that bitcoin spending will have to be led by merchants (i.e. it’s better for a merchant to want bitcoin vs your asking them to accept it).

Would you be willing to make the sacrifice and deal with taxes if your favorite merchant started accepting bitcoin?

Maybe, for some infrequet transactions, if I wanted to support the merchant, if asked, yes

Same. I think that’s where we’re at rn. Looking forward to seeing the circular economy grow. Until then, I’ll mostly be hodling, and zapping. 😎