Or is it some nudge-nudge-wink-wink situation where everyone, including the IRS, ignores such a thing unless the sums involved are large.
Presumably, tools like cointracker (maybe even Visa themselves), etc, will take care of reporting these taxes for you, still a pita, but doable.
Only some are open. Take a look at Monero. There's a bounty out to make transactions on it traceable [1].
Bitcoin’s only killer feature for 99% of people is number go up. If people are hodling and and don’t want to sell, they won’t want to spend it either (it’s the same thing).
If people want to sell, they will just so it on exchange so that they don’t have to go through the hassle of getting fiat back on exchange.
There is literally no advantage to this except for a fuzzy feeling some people might get. Maybe that’s enough, what do I know. But this does not fit in the with digital gold narrative. Nobody walks around with a card trying to pay with fractional gold ounces.
They’re just trying to ride the hype train.