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A comment on Ethereum will use around 99.95% less energy post merge. Parent comment

Re:Ethereum will use around 99.95% less energy post merge by rglullis on Tuesday May 18, 2021 @07:48PM (#27202809)
It's not an exchange. It's a loan with a collateral. It's only an "exchange" if you get liquidated, which means that you were forced to sell it at a loss.
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Re:Ethereum will use around 99.95% less energy post merge by davidcbc on Tuesday May 18, 2021 @08:40PM (#27203209)
Doesn't this assume you only get liquidated below your initial purchase price?

With something as volatile as cryptocurrency it's not exactly a crazy idea that you'd buy at say $30k, take a loan at $60k and get liquidated at $50k and get stuck with a big tax bill

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Re:Ethereum will use around 99.95% less energy post merge by 55555 on Tuesday May 18, 2021 @10:33PM (#27203877)
Yes but in that case you did enjoy 20k of capital gains and so it makes sense* to pay tax on the 20k gain. There is no issue.
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