I love it, BUT, that medical payment technically triggers a capital gains/loss. For a robust circular economy I think we need an IRS reclassification of bitcoin (currency instead of property) or a high threshold $ exemption. Otherwise, many will be unwilling to participate in this economy because of either fear of the IRS or because it may complicate individual tax reporting. Thoughts?
….or perhaps simply no tax liability unless bitcoin is converted back to dollars would be fine.
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