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> I wish brave would focus less on attracting advertisers and more on the use case where people just buy BAT and let their browsers fund content creators from t
by ac29 4y ago
> I wish brave would focus less on attracting advertisers and more on the use case where people just buy BAT and let their browsers fund content creators from the wallet without having advertisers in the loop at all.
Sounds like a tax nightmare since you'd need to keep track of your cost basis and calculate your profit and loss on every time your browser made a payment on your behalf.
- __MatrixMan__ 4y agoYou mean like so? > Loss: 1 BAT > Profit: viewed a website Surely its only when you change one currency for another, right? I enjoyed a banana earlier today and didn't have to pay capital gains on its ripeness...
- TheDong 4y agoA banana is not a security, so the IRS does not care about the banana gaining value due to ripeness. Most cryptocurrency tokens are. If you buy a banana by selling some penny stocks, then you have to take notes on that sale to be able to pay taxes correctly. The parent commenter is claiming that, due to how cryptocurrencies are currently regulated, viewing websites would automatically trigger selling a "penny stock" like thing (a security), which is an event the IRS cares about.
- __MatrixMan__ 4y agoAh, well that's kind of dumb but you've described the dumb thing clearly, thank you.