A Bitcoin Cash (BCH) supporter recently noted that the biggest hindrance to cryptocurrency adoption is tax laws and reporting taxes on digital currency usage. After reading the commentary, Bitcoin.com CEO Roger Ver shared a four-minute video about the subject of taxes in order to spark questions in the minds of people who might not understand what taxes are and why they have hindered the crypto economy.
Also read: 5 Popular Crypto ATMs That You Can Purchase TodayThis Short Animation Teaches About Taxation and Why People Believe it Is Immoral
On March 10, the Bitcoin.com Official Youtube channel aired a brief video called “George Ought to Help,” an animated short on taxes and a universal agreement called the Non-aggression Principle. Bitcoin.com’s owner Roger Ver shared the video because a lot of cryptocurrency advocates have been talking lately about how taxation is not helping the crypto economy flourish. In fact, the process is constraining the digital currency industry with old school shackles that don’t fit this technology. The animated short “George Ought to Help” explains the idea of taxation in very simple terms by not leaping to conclusions but by merely asking a few thought-provoking questions.Have you seen the short film “George Ought to Help?” Check it out here today.
The video asks you to imagine that you have a friend called George that you’ve known since childhood. However, you two are not as close as you were back when you were children, but you still meet George from time to time and get along very well. But one day while hanging out with George, another mutual friend named Oliver approaches who explains that he’s had a run of bad luck. Oliver details that he’s raising money for tuition fees for his kids and you decide to help Oliver out by giving him some money. George, howeve...