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I'm not sure that paying (US) taxes is a good example. The effort required to buy some virtual currency is insignificant compared to the effort required to file

I'm not sure that paying (US) taxes is a good example. The effort required to buy some virtual currency is insignificant compared to the effort required to file a tax return.

FatalLogic 10y ago
Yes, but US citizens are also legally compelled to file a tax return if their income is above about $10,000 to $15,000. So that effort is a sunk cost for many people.