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Who is on that list for an ETH staking reward or BTC mining reward? You understand it would be literally impossible to comply right?
by thebean11 5y ago
Who is on that list for an ETH staking reward or BTC mining reward? You understand it would be literally impossible to comply right?
- pjc50 5y agoThe "appears from nowhere" aspect is something of a problem, but it's valueless until transacted at which point the counterparty has the same obligation to know where it came from. You could probably suceed in arguing that mining was creating the asset. > literally impossible to comply right? This has sadly not always been a defense, like jailing women for miscarriage.
- thebean11 5y agoSo you are advocating for something you yourself compare to..jailing a woman for a miscarriage? > but it's valueless until transacted That's up for debate, and most people would disagree. Mining/staking revenue is taxed as income when received, not when you sell.