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RE: Cryptocurrency, Taxes, and IRS Audits

in #cryptocurrency7 years ago

Fascinating. That's never come up for me because so far Nigeria doesn't care about crypto and definitely not Steem. That said, clearly the forces of regulation are closing in on crypto all over the world.

Also, interesting observation about how the money can so easily change your mindset. Losing it hurts more than previously not having had it in the first place ever did. Suddenly, the desire to do whatever to keep it, to narrow your focus to "me me me" becomes quite strong and you find yourself going from liberal to libertarian if you don't watch out.

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Yep, but it did strengthen my belief that regulations are quite necessary, even in crypto, to keep some of our lesser impulses in check. It's nothing personal folks -- as human beings, we're all flawed in one way or another.

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