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RE: The 5 Forms Of Currency

in #money6 years ago

Thank you so much and thanks for the tip too!

Yes I think that I wouldn't want conditional crypto like paying taxes for ETH, if ETH did that and programmed it into their money I would immediately leave. I don't see why forced payment is needed anymore. Taxes for sure make it real, taxes are even necessary not for funding but for removing currency from circulation and maintaining say a peg to gold, that to make sense but just willy nilly reward recycling doesn't sit well with me

I think that crypto doesn't need to change, we need to change to suit crypto

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My meaning was to be able to pay property tax with crypto not to be taxed for your crypto; although the one crypto sale made by mistake in 2015 was declared as capital gains on my tax return that year. Not charged a tax due to capital gains limit not yet reached yet declared.

Ah I see, to be honest I have my feelings about government mandating rules about land, I think it should be taken away from them and ownership placed on-chain and verified by oracles. Any fees paid shouldn't be lining pockets but for running the chain.

I avoid cashing, never have and the way I feel now I never will