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RE: How to make Steem (crypto) tax efficient and why we should stop spending crypto like it's currency

in #steem7 years ago

Salt's model was already there on bitshares, decentralised!, one day we might understand the full power of this blockchain, i don't dare to predict how long it will take us to understand the full power of Dan's latest baby EOS :-)

If we use a peer to peer decentralised, anonymous payment, who is going to tax us? :-)

I guess i am still in a funny mood after a whole day of jokes :-)

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No SALT isn't like Bitshares. The main reason being that Bitshares only used cryptocurrencies so you still had no integration with banks to actually spend without tax liability. Loaned USD is real money so you don't have capital gains tax liability on that.