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by Spooky23 1534 days ago
Factually inaccurate nonsense is a big part of the whole Crypto ecosystem.

Many people held the opinion that these transactions were anonymous or quasi anonymous. The dumber among them are in prison.

1 comments

yeah even my accomplished professional colleagues will randomly (but predictably) make a quip about not reporting taxes just because they opened a Coinbase account, or finally moved a token onchain once.

I don't think thats a crypto specific perspective, as there is this super large population in this country (USA) that only has the experience of their employer taking a big chunk of their money for the whole year and giving it to the government automatically, so a lot (most?) of that population thinks that any situation where they have something valuable on their own has no way of being known about for taxes. Crypto amplifies that myth to those people, when its just a total misunderstanding about how taxes and tax reporting works, and how the blockchain works, and what organizations already exist to specialize in watching the blockchain as well as trades at exchanges.