Hi @Grant_Hawkins, I didn’t find a topic for your course, to report suggestions, mistakes etc. so I created one
I have 2 points to suggest / debate:
In the end of the lecture Linking UTXOs you mention to check Alex Gladstein’s article “A world without bitcoin” which I googled, but I think it’s worth, when you mention any kind of resource or also a curiosity like in this case, to add the link to the description. The link I found is: https://unchainedpodcast.com/alex-gladstein-on-a-world-without-bitcoin/ I added it to my reading list, so I’m sure many others will like it too.
The suggestion in general is, in your lectures, please add such links, so it’s a bit more interactive to click something to read after watching the video. Thank you. Very interesting course so far.
Are you sure that governments can retroactively tax people for not declaring something that in the past was not forced to declare? That’s not how law works. Or have you got some examples of places where this happened? When a new law is introduced, the law can be applied only in the present and the future, not in the past. E.g. say that a government makes holding crypto illegal, usually there is an announcement and a date when the law will be valid, e.g. imagine this happens now and the law will be introduced in January 2021. If I get rid of my crypto during this year, I can’t be prosecuted in 2021 for something I did in the past, because in the past it was not illegal. Else imagine how many new laws will criminalize people who could not really read the future. It would be a crazy kind of justice system. It’s still debatable, but luckily it’s not that bad…
I make an example. In Switzerland we have to declare the value of our crypto and this is tax free, we just pay taxes on the total value of all assets we own. So the value of crypto is mixed with the value of precious metals and cash hidden under the mattress we own. It’s a small tax, something like 0.1% so say a person owns assets such as a few cars, a house, some cash, some crypto, some gold etc for a total of 1 million CHF, 0.1% of that is actually 1000 CHF/year it doesn’t matter if I bought BTC at 1 CHF many years ago and sell it now. I’m taxed for its potential value even if I don’t sell it. Capital gains are not taxed in Switzerland. But say if they decide to tax capital gains from 2021, I still have time until the end of the year to sell them, knowing that from 2021 every sale will be subject to the new tax, they can’t retroactively tax me for the years in the past where there was no tax on sales.