Taxes on crypto are getting too complicated and dangerous ...
...Devcoin is worth very little, but the accounting fees and risks are still high. It's a lot of hassle for little gain.
Because of this, unfortunately, I am going to resign from devcoin
Thanks for your efforts UTB, and for what was a promising idea.
You're right in inferring that many don't properly consider tax issues. I was careful about where and how traded but it still took a long time to collate past info to calculate potential liability. Not something I want to do again (or even could do given how many exchanges have disappeared) and it's one reason I don't play any more.
All the best