He also mentioned that the founders/team members who initially would be rewarded with part of a newly launched token would have to pay taxes for receiving them. Which kind of make sense. However, should we pay any taxes if we wouldn’t cash out all those tokens to FIAT currency? I’m not really sure.

I paid taxes for last year on the Steem I earned. I will do so again this year as well. I figure before it is over, here in the US at least, they will devastate many projects. The ones left standing will be targeted for as much tax revenue as they can squeeze.

As for the SE tokens, I would be wary with them. I keep seeing people say they are worth this or that, yet house odds are NONE of them will ever be listed on mainstream exchanges of any velocity. Yet, I can see the IRS using the claims of worth to demand payment for tokens that will be hard to impossible to sell.

Should we consider this token to be security at this stage? Or should we not, since we would be receiving STEEM token, which is not a currency in the name of the law.

Where this gets dicey imo, is with the SBD. I have seen it referred to by many as Steem currency with the effort to peg it at the dollar. Once again, I think that definitions used will be at some point utilized against participants in these projects. The beast of government is desperate to squeeze as much sweat from the citizen slaves as it can. Of course, they will probably tack on penalties and interest, even if it means more is owed that the value of the actual possession.

I know many believe that crypto is the means to escape their control. I just don't get how when one of the main arguments for it is it is a permanent record of every move you make on it. They might not tie one to a wallet this year, next year or 5 years from now. But if they ever do, the consequences could be devastating.