Thread by @DegenSpartan

you can either optimize to legitimize (part of) your wealth and as such, voluntarily opt in to comply with regulations

or you can optimize for living under the radar, using the black/grey markets and engage in money laundering (even when your gains are completely legitimate)

https://twitter.com/mewn21/status/1445970180740354050

as more parts of our lives get digitized (CBDCs) and scrutinized (AI tech), the latter will keep becoming more and more difficult for people to attempt

wat do wen cash dies in your economy?

gripto rich, irl poor

move to 3rd world country that hasnt caught up technologically?

the digital / metaverse economy *might* be an outlet to spend crypto wealth without coming back to the meatspace and regulations

or might also end up highly regulated as well

also, who knows how long itll take for the metaverse to overtake IRL

i doubt it'll be that soon tbh

we will definitely 100% see tax amnesties specifically targeted at crypto people in the future

ie. declare and bring in your crypto wealth, pay flat %, no questions asked, no persecution for any past wrongdoings (to the state)

aint nobody got time to go through everyone's 10000s of txs flipping shitcoins + NFTs on CEXes and DEXes

and govts care less about the fairness of (past) things and more about the current tax rev that a tax amnesty brings in + racking up political brownie points for the now

- as someone that is a tax resident of a place with 0% capital gains