As you've so eloquently stated, Dillon, crypto is the ultimate financial control system. Every transaction will be tracked and taxed. When I completed my tax return last year TurboTax asked me if I made any crypto transactions. The IRS taxes any profits on cryptos as capital gains. I wonder how they will tax the sales of precious metals when they are converted into digital currency? If we convert them into rapidly depreciating dollars we're screwed. If we convert them into digital currency we're screwed. There are no U.S. counties, that I know of, that accept precious metals as payment for real estate taxes. Legislation need to be passed in at least one state to make it legal tender for the payment of taxes in any county of that state, otherwise we won't be able to own land if we don't participate in the mark of the beast system.
As you've so eloquently stated, Dillon, crypto is the ultimate financial control system. Every transaction will be tracked and taxed. When I completed my tax return last year TurboTax asked me if I made any crypto transactions. The IRS taxes any profits on cryptos as capital gains. I wonder how they will tax the sales of precious metals when they are converted into digital currency? If we convert them into rapidly depreciating dollars we're screwed. If we convert them into digital currency we're screwed. There are no U.S. counties, that I know of, that accept precious metals as payment for real estate taxes. Legislation need to be passed in at least one state to make it legal tender for the payment of taxes in any county of that state, otherwise we won't be able to own land if we don't participate in the mark of the beast system.