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by donatj 539 days ago
The level to which Crypto has complicated my taxes in previous years has largely sucked the fun out of the concept. I just sit on my existing hoard like some sort of digital dragon.

A younger, more idealistic me thought some day it would replace cash, but having to track the value of every buy and sell is just too punitive for that purpose.

1 comments

Agree sadly. I shy away from web3 investment strategies like participating in liquidity pools because I'm scared about reporting the taxes correctly. I'm now considering ways of anonymizing my self-custody so that I can avoid this burden. Im basically forced to act illegally to avoid this toil