This is really bad for crypto if true.

I don't think crypto should be treated like stocks.

Should be taxed for cashout to fiat, that's it.

Too many functional uses for crypto, it allows you to actually do functional things on web-based systems. Unlike stocks. @JoeBiden https://twitter.com/MadMoneyOnCNBC/status/1385487234653097984

People that don't understand crypto don't see that functional side of it.

I can be part of a community art project on platforms like @MurAll_art if I use $PAINT token. Made possible by blockchain, and therapeutic connection in the midst of an isolating pandemic.

I can show support for people writing and posting content on @Uptrennd and @LBRYcom by upvoting or watching a video. People put a lot of effort into their creative content, and they create communities around that, and a ton of those tokens never even leave the platforms.

Microtransactions happen every day and they are impossible to track. Punishing people for their creativity, devaluing their time, it makes for a broken culture.

And if we spend four years of tax hikes to realize most of the money is going towards foreign occupation and the military again and again, we will continue on as America being the land of the oppressed and the oppressors.

I don't value that future.

People who say "Don't fear the taxman" have made their money. They have regular dentist appointments, decent private insurance, comfortable places to live. That isn't what most Americans are dealing with @MadMoneyOnCNBC . And when you look at where the tax dollars go,

When you see the FED printing endless amounts of money, that statement itself is scary. Because it means people with influence don't see what is happening in their own country.