I pay tax over the coins I trade on centralized exchanges, but won't ever pay a single penny in tax over that what I hold in my cold wallets.
~~snip
No one has the right to claim a part of my wealth that isn't being utilized in any shape or form. It's called theft if you're forced to pay tax over that part of your wealth anyway.
Amen to that brother. I recently found out in my new place of residence, that after a certain threshold in my savings, that I indeed have to pay a wealth tax. Ridiculous!
Now I will probably never reach a shadow of the amount required to hit that threshold, I have started at a late stage in life to put aside money for rainy days, but I like that if ever I should somehow come into great wealth, it will likely be in Bitcoin. In which case, the state will have to literally steal my private keys if they want to claim part of my coin.