[3np]

The comment you’re replying to is not implying that profits should be exempt from taxes, or have them lowered.

It’s the mechanisms around capital gains tax (which is a particular kind of tax) compared to the requirements around profit made from appreciation of, say, fiat currencies. In fact, it’s completely different from income tax that you’re talking about.

It’s not so much about having to pay taxes but on what amounts and overhead in how reporting is made.

The hampering of growth (in terms of e.g. retail payments) and adoption is not due to the monetary cost of taxation, but on the mechanisms of them. Hell, you could keep or even increase the tax rate, but make it liable even just by holding cryptocurrency and having it appreciate (as opposed to “at liquidation”) and it would have the complete opposite effect.

Now if only more governments would accept taxes paid in bitcoin (: