Yes, hypothetically I guess one could make the claim that they no longer own those sats in some future tax court. However, it’s not some silver bullet that thwarts the state from making bunk claims with misinterpreted Chainalysis data (see Hamas crypto funding debacle.) And as it currently stands, the low hanging fruit from a tax standpoint is legacy on and off ramps, not P2P transactions, where things like the satscard sits or opendime sit. Just some thoughts.