JayLeClay on Nostr: leonwankum please reconsider presenting #bitcoin as “digital real estate.” I know ...
leonwankum (npub1v5k…8rd9) please reconsider presenting #bitcoin as “digital real estate.” I know that you, and saylor (npub15dq…lm5m), are trying to help CRE investors and normies understand the value prop of Bitcoin, and this may be a useful metaphor to build an understanding.
However, in N. America (and many other European and Asian countries), real estate investors must pay property taxes, annually. Sometimes the amount of taxes due is based on market value, other jurisdictions base it on purchase price, and even others base it on an opinion of someone at the County Assessor’s office.
One could easily see governments attempt to tax Digital Property on an annual basis and this would be similar to a wealth tax, which is currently untenable due to the illiquidity of most property investments whether investments in privately-held companies, art, collectibles, etc. Not so with Bitcoin.
We should stop equating bitcoin to digital property and, instead, call it what it is: a Digital Commodity or, simply, Digital Currency.
Thoughts?
However, in N. America (and many other European and Asian countries), real estate investors must pay property taxes, annually. Sometimes the amount of taxes due is based on market value, other jurisdictions base it on purchase price, and even others base it on an opinion of someone at the County Assessor’s office.
One could easily see governments attempt to tax Digital Property on an annual basis and this would be similar to a wealth tax, which is currently untenable due to the illiquidity of most property investments whether investments in privately-held companies, art, collectibles, etc. Not so with Bitcoin.
We should stop equating bitcoin to digital property and, instead, call it what it is: a Digital Commodity or, simply, Digital Currency.
Thoughts?