...and the moment they start cracking down on it the price of XMR will shoot through the roof.
In 2014 I was messing around with crypto mining and trading, never cashed anything out, but my total holdings were less than $600 worth, I didn't not report it because I was trying to cheat the IRS, but out of sheer ignorance and lack of guidelines. 2015/2016 I didn't touch crypto... and now this year I'm back in it and its looking like I'll be claiming on this years taxes... the biggest pain is going to be figuring out the capital gains on altcoins that don't have USD pairs.
I was thinking about this the other day. It's anonymous in the since that you can see transactions from one address to another. So you can map out the entire network if you want. However the hard part is putting a name/email/info to a certain address. If they can do that then that's all they need. Similar to TOR end nodes. When you go to cash out from one address you're most likely going to have to use some sort of identification.
[–] coinsmaniac ago
If it's not connected to fiat currencies then it is pretty anonymous (in other words pseudo-anonymous). While everyone is buying with their bank accounts or credit cards, it's easy to track for sure.