Nope, its a waste of development time IMO. Some people claim their rewards on a specific cadence to help them with any relevant taxation obligations in whatever jurisdiction they reside. Automating this (effectively) makes reconciliation for those people infinitely more difficult than what it already is with fluctuations between fiat / crypto and daily close rates.
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Fully agree.
Just my opinion. If tax computations is the problem, there should be an option for some people (who don't pay those types of taxes) to automatically claim their rewards, and others (who pay said taxes) could choose to manually claim their rewards with a longer deadline (or no deadline at all, if possible).
While I agree with your statement, I will also highlight that these same people overlook the steem and now hive that they earn from holding staked steem/hive so it isn’t even like you could be completely honest in tracking this in the first place.
Yep, there's ways to track that as well, but there's no easy way to do it in your region's FIAT currency.
I doubt many here report any obligations anyhow, so it might be a moot point.
Bingo. Your post is one of many reasons why I hate Steem/Hive. Developers don't stop and consider the why at all. This developers just thinks something is "dumb" and never considers tax complexity. The original idea was brilliant.
Why focus on something hard - that returns value to all members of the community - instead of doing something easy that can be another bullet point on a change log? :)
I don't think that is a good enough reason not to do it.
Besides your holdings on steemit and hive grow daily with the inflation of holdings so you're going to be marking income (reinvested income) versus a dollar price for every day of the year anyway and it's not the same amount each day which if you're tracking you're going to have to dump this information from the Blockchains to excel and compare to a price for that day anyway. What real difference will adding curation and author rewards to that export make? I don't think it would be significantly more work but that is my opinion.
Easily reconciled if you take the difference in your "redeemed" rewards from phase to phase, and factor in the median price over the days between the claiming of rewards, when you do it.
Still tough to do, but doable. Gets even more complicated when exchanging or converting HBD for HIVE on the internal market.