Paying "capital gains tax" on #Bitcoin "gains" is pretty messed up if fiat is becoming worth less. Our argument is that Bitcoin is better money and better reflects the value we want to store over time; I'm not "gaining" ground or capital, I'm trying to save what I produce, fiat is simply much worse. My gain is due to their loss.

If the unit value of fiat collapses versus Bitcoin, taxing me seems not only unfair but a pretty perverse incentive to collapse even further, in order to take back a bigger portion of the capital they destroyed.

So long as governments refuse to acknowledge Bitcoin as money, and continue playing fiat games, they'll appear entitled to a portion of this "gain", when really it's an inflation tax levied on savers. At minimum, my input cost should be inflation adjusted.