RE: The Tax Man's radar sees your Steem Dollars and can take all :(

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The Tax Man's radar sees your Steem Dollars and can take all :(

in life •  8 years ago 

And another thing to consider is how they can tax you on something so volatile that could loose half its value in a months time?

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  ·  8 years ago (edited)

they look on the steem blockchain and see the time stamp, then look on the price feeds that come into the steem blockchain (this determines that $ number you see near each post), and then put 2 and 2 together and figure out how much we got paid.

then go in the #introduceyourself category and get photo verification.

they don't even need to store the data in an NSA data center, it's all there on the blockchain.

blockchains are double edged sword sometimes.