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@ FreeYoda
2025-03-12 09:38:10
Don't underestimate how firm the fiat system is still in place.
As soon as one tries to live off their #Bitcoin this will get clear.
Most countries now tax #Bitcoin gains or tax it when you turn it into fiat.
And if we are honest most most of us still need fiat just because #Bitcoin is not accepted as currency for most things.
Yes you can escape those tax systems but that are big changes.
Not to mention you need quite some value if you want to quit your fiat live and start living on a #Bitcoin Standard (for me meaning live off my holdings).
For now I only see more #Bitcoin tax laws arriving (Europe) and escaping it getting harder.
Game theory will force them to nurse the wealthy but for now they see us as milking cows.