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Ask Slashdot: How Does One Freely Use Bitcoin In the Land of the Free?
New submitter devrtm writes: It appears that Bitcoin, a currency designed with anonymity in mind, can be effectively used almost anywhere in the world, except in a few countries where it is regulated, and in one country where you can only use it if you give up your privacy. That country is the United States. I have accumulated quite a few BTC from the currency's early days where block rewards were still at $50. There was a period of time where one could get a nearly anonymous debit card, or use BTC online with merchants. Nowadays, non-U.S. payment providers no longer issue debit cards to the U.S. residents and the U.S.-based merchants accepting BTC are nearly extinct. The only way to use BTC in the U.S. is to convert it to USD. Unfortunately, that conversion requires giving up your personal information to a U.S.-based BTC payment processor, and there are rumors that signing up for those services raises red flags with certain three letter acronym organizations. I have nothing to hide, but I do value my privacy. Can one freely and anonymously live off of their Bitcoin wallet in the U.S.? I am afraid the answer is no. Does anyone have an experience that proves me wrong? Please share.
You don't need to pay taxes, this taxdoctrination has gotten completely out of hand. Again: you don't have to pay any taxes to anybody. The sooner the vast majority of people understands that they do not actually have to pay taxes, the better.
Also: why should anybody want to pay taxes in BTC? If BTC allows to get around taxes then all the better.
You can't handle the truth.
20% is NOTHING compared to the profit you'll make by investing in cryptocurrencies, and probably nothing compared to what you've made already.
Also, seeking privacy does not imply seeking avoiding to pay taxes.
And if you want to retain your right to privacy against intrusive surveilling databases buying and selling your ass selling you out to corp and gov datamines, etc...
yes, go start linking up with p2p apps that have local traders, localbitcoins, meetup.com, craigs, bitcoin conferences, etc, etc.
What you seek is out there, you just have to find it, and take your part in developing it where it doesn't sufficiently exist.