Quote from: Flexystar on September 19, 2023, 03:08:30 PM

Well most of the points are definitely true however it’s getting worst (sadly) with the time considering many countries are imposing heavy tax toll on our bitcoin. Though it doesn’t mean we are out of race, there are many loopholes to avoid this with p2p system but yeah things are weird. However, we will always have an upper hand whatsoever.

P2p is what we need to stress more and practice more. Meanwhile, fiat is already having lot of backend issues such as our money isn’t ours and you have to explain every bit of dime and it’s existence to the government. So definitely Bitcoin surpasses the test.

Another possibility for those that want to avoid the heavy taxation is to move to a country with friendly regulations which does not tax your earnings, as this market gets bigger and more influential I am sure that tax havens will be very interested on doing this as this will increase their profits even further, and in that case those with enough bitcoin on hand could move there and be able to profit from this market without having to pay any tax and do so legally.