Doing crypto tax prep for 2022 so I can wash trade in my losses and, holy shit, I never want to make another tx on a blockchain again. Every single one takes so much time to manage

Values-Aligned Communities | citizen of Black Rock City

I feel very grateful living in a jurisdiction with no capital gains tax. It sounds like an absolute nightmare having to sort out tax liabilities from a spaghetti bowl of transactions. I think it would make me want to engage far less in crypto in general, especially in exploring protocols for the sake of it.

PhD in aviation ∩ climate science | Aviator, diver, ETH maxi, nexialist | Host of /diving /ethfinance /eth-staker /geopolitics /science /singapore /thomas

It's a huge deterrent IMO
but Uncle Sam wants his cut