the way I read this is people are trading significant digital assets as NFTs. These digital assets are not being reported on and now they need to be. It was probably a nice tax loop hole to transfer asset wealth tax free.
I really don't see how this could affect $20 microtransactions via SATs for podcasting. However the good thing is we track payments in and out for every user so it's easy for TrueFans to send annual summary of payments to all users and podcasters.
Sam Sethi :pc2red: ⁂ /
npub1th…szq23
2024-07-02 08:54:08
in reply to nevent1q…3hf6
Author Public Key
npub1thg905slqzqfhj3g6rszmkf9emh4wvgawu4y2uzl5ycqs74tetlq5szq23Published at
2024-07-02 08:54:08Event JSON
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"content": "the way I read this is people are trading significant digital assets as NFTs. These digital assets are not being reported on and now they need to be. It was probably a nice tax loop hole to transfer asset wealth tax free. \n\nI really don't see how this could affect $20 microtransactions via SATs for podcasting. However the good thing is we track payments in and out for every user so it's easy for TrueFans to send annual summary of payments to all users and podcasters.",
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