europoooooor

crypto taxes make 0 sense in Europe 

could be why so many people are afraid to touch it

pure monetary police state

having fun onchain, product designer since 2018, farcaster DAU since 2023, portfolio → /basedstudio

laws like you should declare the airdrop even if you don't sell as EURO income etc.

europooors end up being just too scared to touch the chains

if I was originally from one of these western countries doubt you'd be seeing me here right now

personal crypto taxes in europe

1. need to declare more than big corporations do with large accounting offices

2. get bankrupted with the total amount to pay since holdings are down over 90% 

the only thing you can do in europe is work for a corp but for 3-5x less than in US

freelance or startup is either in shadows or you're bankrupting yourself

europe becoming financial prison

I don't think I could ever hold a serious amount in any EU bank or other entity or asset that can be taken away by govt

wait till they start enforcing cbdcs later this year

also, drop “monetary”. looks better and is true to life