Andrey on Nostr: I wish I could do that too and sleep well. In the country I'm from we have to pay ...
I wish I could do that too and sleep well.
In the country I'm from we have to pay health and social insurance monthly. Also some have the mortgage to pay. I probably could do that if I only sold sats for cash (p2p or Bitcoin ATM), but what would my source of income then be should the tax office ask me one day? For smaller amounts it could be my primary occupation, but what if I want to spend more? Can't even buy plane tickets without the bank account or KYCing.
And then, when doing it all in clear (the taxes), it is much easier to sell & buy sats whenever I want to.
It only takes one small mistake and you are in person for many years. I can't sleep well knowing that.
In the country I'm from we have to pay health and social insurance monthly. Also some have the mortgage to pay. I probably could do that if I only sold sats for cash (p2p or Bitcoin ATM), but what would my source of income then be should the tax office ask me one day? For smaller amounts it could be my primary occupation, but what if I want to spend more? Can't even buy plane tickets without the bank account or KYCing.
And then, when doing it all in clear (the taxes), it is much easier to sell & buy sats whenever I want to.
It only takes one small mistake and you are in person for many years. I can't sleep well knowing that.