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?