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14726146 No.14726146 [Reply] [Original]

If owning crypto is taxable, couldn't one make a crypto with a negative value to make it untaxable?

That is, everyone starts with a set amount of the coin in their wallet, and other people are able to take it from you but not give you any
Mining or its equivalent would also remove the coin from your wallet and transactions would give the coin to the transactor

>> No.14726182

I think I'm having a stroke

>> No.14726723
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14726723

>>14726146
>make a hundred sock puppet addresses
>sock puppets take tons of coins away from main address
>tax man has no choice but to cut me giant check
>Im_fucking_rich.jpg

>> No.14726739

>>14726146
proof of idiocy

>> No.14726753

debtcoin going to the moon

>> No.14726839

>>14726739
How would this not work

>> No.14726875

>>14726146

>> No.14726899

>>14726723
Probably should make it so that the beginning amount is the maximum amount you can hold

>> No.14726911

>>14726839

why would anyone trade anything in exchange for something with a negative value

>> No.14726922

>>14726146
Taxation is based on fair market value. Since the FMV of such a coin would be 0, your loss would be 0 as well.

>> No.14726936

>>14726911
To evade taxes

>> No.14726955

>>14726911
idk man. What is currently in your wallet right now? Is it an inflationary currency backed by the long dick of US Imperialism?