Through the years, the government here in the Philippines are getting more greedy and gluttony through the labor of the Filipinos each day. Preferably, it's not a new thing for us to show our earnings here in our social media accounts. We just want to advocate our acquaintances to earn here just like what we're doing, you know. However, as I want to pursue my principles through this platform in the social world which I'm presumably exposed, I realized that I shall remain quiet on my earnings. Let me tell you my personal reason first.
Expect grammatical errors.
As I've been told earlier, the blockchain-based app called Axie Infinity is currently making unlimited noises due to its life-changing opportunity. Most of the early players that I saw randomly on their humble post already earned thousands, hundred thousands, or even millions in just a short period of time. which causing them to be famous, and they get more newcomers as well.
If you were a Filipino reading this article, I bet that you already know what is the common news magazine show that is presently running on Philippine Television. Apparently, the show that I'm referring to is called KMJS or also known as Kapuso Mo, Jessica Soho. Probably, they're one of the main highlights why the app itself is currently becoming a sizzling topic today. Due to its significant and eye-catching topics, it's not new for us to expect their weekly updates on GMA Network.
Through this video, we can say that the Axie Infinity is one of the absolute reason why does the cryptocurrency is slowly getting appreciated today by the Filipinos. When I was initially viewing the video that they had been uploaded in their YouTube channel, I couldn't help but to smile since I can also promote noise.cash and read.cash as well.
Not to brag, but I can earn passively here from more than $12 in just a day (not consistent) by just creating articles and making noise. Apparently, if most of the Axie players here in the Philippines have their scholar, I've been realized that we also have our own scholar too. In fact, Sir @MarcDeMesel is our main funder why this site is running for more than a year, and I'm certain that he has helped me to be a financial stable and be intelligent in saving money without seeking any help from my parents.
Not until, I realized that they have been subjected the Axie infinity to tax since their team unfortunately asked this opportunity to BIR. I'm not personally against it, but I feel like they're only using that app to cover the current social issues, which is the corruption of DOH and PhilHealth.
If I were not mistaken, they're allegedly obliged to serve the Filipinos in the midst of this health crisis. However, why did they're still taking this advantage to be greedy? Likewise, that big money that they put in their pocket is not a joke. It could feed millions of Filipinos, and they've been proved how does the government working like a circus.
Because of this happening, the Filipino netizens implied that they should stay in lowkey enough since they're one of the prominent reason why does the BIR is planning to opt that NFT game a tax. For me, the interviewees on that interview doesn't have an any fault why did this happen. Furthermore, they just want to spread that the art of cryptocurrency is perfectly existing, and they did an impressive job for that.
However, this news severely affect the price of SLP which I bought when it's still in the $0.20 mark. Not only that, it also became big chaos over the internet when they've been trying to utilize their power to make our life complicated by putting their transaction into a tax. I'm not saying this because I want to be a geek, but I'm implying this since they're obviously bringing FUD to the Filipinos who just want to earn money online.
Honestly, I'm trying to digest all the comments that I saw in their post, and I concluded that they are trying to enter the decentralized community for their own profit. Certainly, what's their future plan if they'll try to put taxes on that mentioned game? I think that this phenomenon would be chaotic.
I'm sorry if I'm overly panicked, but that's the thing that is crossing throughout my mind as of now. Likewise, I hope that they would not use BCH to claim more money just because we're earning higher than the minimum wagers here.
If we are not going to convert all our income in crypto there's no way they can tax it. Tax is cash basis, and only those who earned 250k a year hehe that's what I know.