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by alphanullmeric 963 days ago
Cryptocurrencies have no value, what do you intend on taxing?
1 comments

I suspect you're aware that your rhetorical question rather neatly makes the point that taxing in crypto would immediately (and for crypto-bros, ironically) imbue them with value.
What’s the point you’re trying to make? Do cryptocurrencies have value or not? It’s one or the other, you can’t claim they have value when you want to tax them and then claim they don’t when you want to regulate them.
That the process of taxation in a certain money is a sufficient condition to give that money value.
I’m not asking you to “give” my money value. I’m asking you to answer a simple yes or no question: does it currently have value or not? The way you’re trying to defend your obvious lack of consistency is purely circular. If it has value, you tax it. You can’t say that if you tax it then it’ll have value that justifies taxing it the first place.
If you can use it to satisfy your tax liability, then it has value.
It’s a yes or no question.