There are two points here
- I don't know about other blockchains but Bitcoin is public by design . Because on Bitcoin network , most of the transactions would be between big wealth funds , nation states , corporations etc .. the fees will make it impractical for me to transact on Bitcoin network . These big transactions must be in public eye .. that is a feature NOT a down side .
- as regards to tax , KYC or not , Bitcoin is an asset . We must pay the taxes as per the legal requirements just the way we pay taxes when we sell real estate or stocks . I am sure you are not promoting tax evasion. Are you ?
shutosha
npub1ttc…m0da
2024-05-22 18:43:44
in reply to nevent1q…03sh
Author Public Key
npub1ttc8j3sx59d4vs0zt23r6p90fjcd040x3vgu4j68u44ydx8u4rzqkxm0daPublished at
2024-05-22 18:43:44Event JSON
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"content": "There are two points here \n\n- I don't know about other blockchains but Bitcoin is public by design . Because on Bitcoin network , most of the transactions would be between big wealth funds , nation states , corporations etc .. the fees will make it impractical for me to transact on Bitcoin network . These big transactions must be in public eye .. that is a feature NOT a down side . \n\n- as regards to tax , KYC or not , Bitcoin is an asset . We must pay the taxes as per the legal requirements just the way we pay taxes when we sell real estate or stocks . I am sure you are not promoting tax evasion. Are you ? ",
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