Stoopid Questions.

1….If bitcoin is private and neither banks nor Government Agencies have any inkling what is happening in your wallet

Does that mean Capital Gains taxes are on the honor system ?

Or

2….Perhaps there is no capital gain tax …because this is not an investment…its just a currency exchange

3…Are there different / no rules in different countries ?

4…How long before the Gov’ts step in and tax ones gains at a very high level ?

5…Is this a big topic in the msm presently

I have no interest in msm usually…so I really haven’t been following the tx aspect of this phenomena

tia to all the well versed Bitcomaniacs we may have here