Was listening to Jeff booth on coinstories podcast and he was talking about how the base layer is for a store of value and layer 2 and layer 3 are where the medium of exchange are with lightning and other layer 2's. Also that the base layer couldn't be stopped so they ( governments ) will try and stop layer 2's.
Seems like the best way to hinder Bitcoin is to have capital gains tax so that it prevents people from spending it. We already have an income tax then a sales tax and then on top of that you add a capital gains tax that would be a nightmare to keep track of. Seems like the perfect way to keep Bitcoin from getting to the next level of medium of exchange and unit of account. Look at Italy, who would want to pay an additional %40 on every purchase?
Personally if there was no capital gains tax I would go all in and use Bitcoin for everything but as of now I just use it to save it. This doesn't seems like something people can just vote away and protest away but have to physically defy and refuse to pay the tax and be willing to fight when the armed IRS shows up.
Any thoughts on this?
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