I think this whole 'spend and replenish' thing that gets pushed here a lot is a good idea when taken at face value. But the tax implications of doing that are fucking enormous for people in a lot of countries. No one in their right mind is going to spend crypto like cash when every single one of those is taxed as a barter transaction of a commodity.. Plus the normal sales tax on whatever you're buying. It's just not going to happen. The laws need to change, or this is never really going anywhere.
Curious to hear some other opinions or be told why i'm wrong!
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source https://www.reddit.com/r/btc/comments/ayxvj6/i_believe_tax_laws_to_be_the_single_biggest/
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