All the shitcoins are tax nightmares. They just don't seem to care and degens will do whatever degens do, mostly because they are clueless about the potential implications. That isn't a good arguement for doing the same. User intention doesn't change the tax code sadly. It is income and legally users are obligated to report. Boat accidents land people in jail. It isn't a sufficient defense to say, "I won't/can't spend this money only I control."