Just a note for those that don't feel like "good guys" funding wars and spying and perhaps don't believe the systems of "democracy" give them much choice.
Tax collectors have a very difficult time keeping up with such advances; in the case of BTC the small timers won't receive more than random scrutiny and the big timers have many tools to protect themselves.
Given the difficulties inherent in taking everyone's money worldwide tax collectors rely on proven tactics such as example making of the famous and releasing inflated information about their abilities. The accountancy and legal professions are understandably partners in this effort.
This community is exceptionally intelligent but also quite risk averse so non-complicit folk should try not to take scary anecdotes over the reality of the advantages bitcoin holders with regard to taxes.
Tax collectors have a very difficult time keeping up with such advances; in the case of BTC the small timers won't receive more than random scrutiny and the big timers have many tools to protect themselves.
Given the difficulties inherent in taking everyone's money worldwide tax collectors rely on proven tactics such as example making of the famous and releasing inflated information about their abilities. The accountancy and legal professions are understandably partners in this effort.
This community is exceptionally intelligent but also quite risk averse so non-complicit folk should try not to take scary anecdotes over the reality of the advantages bitcoin holders with regard to taxes.