I'm about to set up a masternode and wanted to ask the guys that do have one:
How do you decouple yourself from your masternode?
My thought were that if the government finds out you have one, the IRS might be interested. They might even accuse you of money laundering or supporting El Qaeda...
Am I just being paranoid?
IMO as long as Darkcoin is mainly still underground and not a widely known Crypto thats not an issue. Gov is far behind imo in terms of legislation etc.
Nevertheless i had those thoughts too.
and tax on earnings through mining or masternodes varies according to where you live. The IRS will go after you if you are caught not declaring income.