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Bitcoin is an IQ test. Only dumb people are taxed.
The vast majority of BTC transactions are now KYCed and taxed.
To avoid them is to risk criminal prosecution.
Most people do not want to take that risk.
Every zap on SNs with sats is likely in breach of tax rules.
All Bitcoin transactions are happening on its blockchain. They do not require KYC, or permission, or paying a tax. Using non-custodial wallets, Lightning and Liquid networks help fool the Travel Rule. On and off ramps via CEXes are not obligatory. Sure, AML/KYC rules make it hard to buy something expensive with your bitcoin, but not impossible. Most people have low IQ...
Most people do not want to face prosecution for tax evasion.
In most western democracies spending Bitcoin as it was designed to be used, as a P2P payment protocol incurs tax on any CG made since that Bitcoin was acquired.
Most people will not and do not want to risk prosecution.
Sure you can evade the tax, but most people don't want the risk and hassle....the vast majority of Bitcoin is now KYCed and taxed.
the vast majority of Bitcoin is now KYCed and taxed.
No. The vast majority of PEOPLE is now KYCed and taxed.
Bitcoin has already been largely captured and controlled...as a harmless, taxed, financialised and KYCed speculative commodity.
FIAT retains its quasi hegemony over MoE.
You don't even see that?