4 ms·

Another rule benefiting large investment firms and hurting individuals. Nothing surprising here.

• Hendrikto 4y ago
  What are you talking about? As a German individual, I am very happy with this. If you trade professionally, you will have to deal with tax implications, but that‘s your job, so it‘s fine. If you are just a small investor staking some coins, this decreases the burden on you. How does this benefit big players at the cost of retail investors?
  • goatcode 4y ago
    Whom do you believe has a greater capability to hold anything for a longer period of time: the individual, or the investment firm? And for holding for a short period, and thus having to deal with taxes: again, whom do you believe more capable of dealing with that? Any regulation is an advantage to large over small, at the right level of large vs. small, since the burden of optimizing to win is more easily borne by the former. In some cases, it's just more obvious.
    • Hendrikto 4y ago
      Either you are misunderstanding me, or I am misunderstanding you. Previous situation: You had to hold your staking rewards for 10 years to be able to realize your gains tax-free. When simply buying and holding, the term was 1 year. New situation: You have to hold your staking rewards for merely a year (like buy&hold) to realize tax-free gains. Reducing the amount of time before being able to realize tax-free gains benefits both big and small players. (Right?) However, I think the previous 10 year term was more burdensome on individuals than institutions. Maybe that is where we disagree?
      • goatcode 4y ago
        No, this was my issue here. I am an idiot lately. My apologies, and thank you for your patience. Pray for my brain, please.