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> Not having any standard way of getting the details is another problem. If each and every transaction is not recorded at the time of execution, good luck tryin
by jon-wood 3y ago
> Not having any standard way of getting the details is another problem. If each and every transaction is not recorded at the time of execution, good luck trying to get that detail back again.
If only there were some sort of publicly available record showing transactions performed. (Yeah, I know, they don't include the USD value)
- koolba 3y ago> If only there were some sort of publicly available record showing transactions performed. (Yeah, I know, they don't include the USD value) I don’t even mean the USD value. I mean the raw transaction itself. In theory it’s persisted forever. In practice, the data is neither readily available nor searchable in the ways you’d actually need to properly account for transactions. On the flip side, if you can’t get the data there’s no chance the IRS would ever be able to figure it out right?
- petertodd 3y ago> If only there were some sort of publicly available record showing transactions performed. These days the majority of Bitcoin transactions by number probably happen on Layer 2 technologies, mainly Lighting, that do not record transactions directly in the Bitcoin blockchain. There is no publicly available record of Lightning transactions. It's quite difficult to even estimate how many are being done.