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RE: Steem Marketcap Of $25B Is Absurd: I Say Bulls**t
Another thing to keep in mind is that there are a lot of people sitting on huge gains in their crypto currency portfolios. Converting these gains into fiat to use for "real" items may alert the tax collector. The ability to purchase actual goods bypassing fiat could really take off. It's like getting a 20-50% discount.
Spot on. The regulators seem to be putting cryptos in the security category which means capital gains taxes.
Hence if one can simply buy good, it is harder for those agencies to go after them. Of course, the legality of it is that one is still responsible for the tax but harder to pinpoint.
That is why atomic swaps are so interesting...poof, it is gone.