Re: Make American Great Again

On Thu, 6 Mar 2025, JAB wrote:

On Thu, 6 Mar 2025 22:33:31 +0100, D <nospam@example.net> wrote:
>

The only trace of value of crypto is its utility. It is good for:
>
1. Tax evasion.

>
"The IRS is clear crypto may be subject to Capital Gains Tax or Income
Tax in the US. You'll pay Capital Gains Tax anytime you make a gain
from selling, trading, or spending crypto. You'll pay Income Tax when
you earn new tokens - like mining rewards, staking rewards, and even
airdrops."

True. That is why crypto is meaningless. Why not engage in trading and investment in something with a fundamental underlying value such as a good business?
I literally see now purpose in crypto. On the other hand, it will be interesting to see if the US will make Monero and other crypto currencies that are private by design illegal.
For a book on this theme I recommend the Thieves emporium.