> The author seems to believe he cannot accept tips, because of tax and regulation, but he doesn't point out what specifically would cause problems here.
I should think that would be pretty obvious. Go ahead and try collecting regular currency for a charity of your choice without ever getting sign off from that charity and only ever giving them the proceeds if they ask. It will end very badly for you.
> You can declare tips as income, no problem.
No, there are a lot of potential problems that stem from this. In particular, it raises lots of flags about whether those tips are accurate, whether it is some form of money laundering, and whether they are really tips or something more nefarious. Unlike in the US, in a lot of other 1st world countries, handling taxes is incredibly straightforward (less than an hour of your time a year and zero risk of liability), but once you throw tips in to the equation now it's as difficult as it is for many people in the US.
> So he has a generalised feeling that Bitcoin is bad because it's popular and has vocal fans, and that regulation is good yet also complicated, so anything which seems simple must be unregulated and therefore bad.
No, he's pointing out that its vocal fans have a distorted perspective and often don't really buy in to its virtues... but those problems are not why Bitcoin is a terrible currency.
I should think that would be pretty obvious. Go ahead and try collecting regular currency for a charity of your choice without ever getting sign off from that charity and only ever giving them the proceeds if they ask. It will end very badly for you.
> You can declare tips as income, no problem.
No, there are a lot of potential problems that stem from this. In particular, it raises lots of flags about whether those tips are accurate, whether it is some form of money laundering, and whether they are really tips or something more nefarious. Unlike in the US, in a lot of other 1st world countries, handling taxes is incredibly straightforward (less than an hour of your time a year and zero risk of liability), but once you throw tips in to the equation now it's as difficult as it is for many people in the US.
> So he has a generalised feeling that Bitcoin is bad because it's popular and has vocal fans, and that regulation is good yet also complicated, so anything which seems simple must be unregulated and therefore bad.
No, he's pointing out that its vocal fans have a distorted perspective and often don't really buy in to its virtues... but those problems are not why Bitcoin is a terrible currency.