You are viewing a single comment's thread from:

RE: Use Case for SBD

in #sbd7 years ago

I don't think you are right about the tax angle. The taxation comes when the money comes out of steemit. What happens on the platform is not taxable.

I have read some posts about kr steemers holding sbd for investment purposes. That may have something to do with it as well.

Sort:  

I'm sure it is different in different areas. In the US you set a cost basis for your asset and then take a short/long term capital gain depending on when the asset is exchanged. I'm not sure how you would set your basis on a bot that could either return a positive or negative net SBD/Steem balance? SBD/Steem have distinct prices so they have to be kept separate. I'm not a professional in this space but these are the issues I'm up against. You always have to have a starting price and acquisition date for an asset.

Coin Marketplace

STEEM 0.21
TRX 0.20
JST 0.033
BTC 92484.28
ETH 3110.06
USDT 1.00
SBD 3.04